Do you want to buy Bitcoin using your debit card?
The first thing you need to do is pick a suitable crypto exchange platform that accept debit cards as a payment method.
The most popular payment methods accepted by most brokerages include debit cards, credit cards, bank wire transfers (ACH), and PayPal. A debit card is the top payment method choice for many for the reason that it makes it easy to buy bitcoin anytime they want.
Check out our guide below to know some of the best cryptocurrency exchange platforms that you can use to buy bitcoin using a debit card.
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Our Recommended Crypto Exchange for 2021
- 15+ Cryptos Available
- Trade Stocks, Forex, Crypto and more
- Only $200 Minimum Deposit
- Accepts Paypal
How To Buy Bitcoin Using Debit Card in 3 Quick Steps
Buying bitcoin is not rocket science, it is pretty straightforward. Our step-by-step tutorial below will help you know the whole process of buying bitcoin using a debit card.
Step 1: Create an Account
Most exchanges will require a name, email, and password. Some will request government ID.
Step 2: Select a Payment Method
Select the method of payment; wire transfer, credit card, debit card, PayPal, Skrill or Payoneer.
Step 3: Buy Bitcoin
Fill out payment information. Click on the “Buy” button. You will receive your Bitcoin after a few minutes.
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Where To Buy Bitcoin Using Debit Card
1. eToro - Best Bitcoin Exchange & Wallet for 2021
eToro is a Cyprus-based brokerage company founded in 2007. Thanks to it its social trading and copy trading platform, it has attracted more than 10 million users around the world.
Aside from debit cards, it also accepts deposits via VISA, MasterCard, and Maestro credit cards as well as wire transfer, PayPal, Skrill, and Neteller.
eToro distinguishes itself from other crypto exchanges through its unique proprietary trading technology that allows for social and copy trading. The copy trading feature permits its users to access and copy the exact trades made by the platform’s best traders.
If you are a new trader, you can benefit from this feature. However, you should be careful when copying the trades of other traders and make sure to do your own research before blindly following all of their trades to minimize the risks of losing your hard-earned money.
With a wide range of charting tools, indicators, drawing tools, free webinars, trading tutorials, and many more, eToro is undoubtedly one of the most recommended platforms for new traders.
The eToro account setup is also straightforward and the opening fee is affordable. In case you encounter any issues, you can get assistance from its customer support team that is available 24/7.
- Copy trading platform
- Charting tools and advanced indicators
- Excellent customer service
- Lacks timely crypto news update
2. Coinmama - Best Bitcoin Exchange for Instant Delivery
Coinmama is an Israel broker platform that launched in 2013. It caters to the cryptocurrency needs of many cryptocurrency traders in the US and Europe.
It allows the purchase of all cryptocurrencies such as Bitcoin using debit and credit cards alike. Coinmama is a proven platform that charges fairly steep prices of at least 5% of the transaction, but only a few brokers like Coinbase (3.99%) have a better rate.
Its users can enjoy trading cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. The platform also allows them to trade in 5 different currencies namely USD, EUR, GBP, CAD, and AUD.
The cryptocurrency platform boasts a highly secure and robust platform that can instantly deliver BTC to your bitcoin wallet.
- Available worldwide
- High buying limits and quick transactions
- Great customer service
- High fees
- Mandatory KYC requirement
3. Coinbase - Best Bitcoin Exchange for Low Rates
Coinbase is a San Francisco-based company. It has over 30 million users and is usually regarded as the largest bitcoin exchange in the world. Aside from debit cards, it also accepts credit cards and bank transfers.
Coinbase charges 3.39% for debit card purchases, which is one of the lowest in the cryptocurrency market. The rate is lower if you opt to sign up for Coinbase Pro. The deposit time is almost instant if you use a debit card to buy BTC.
Coinbase supports trading using currencies like USD, EUR, CAD, and GBP. It also offers brokerage services in the United States, United Kingdom, Canada, Singapore and Europe.
With its user-friendly crypto exchange platform, a highly secured crypto wallet, and an API for developers, Coinbase is one of the best crypto exchanges that you should check out today.
- High liquidity and buying limits
- User-friendly interface
- New users can easily buy crypto
- Slow bank transfers
How To Buy Bitcoin on eToro Using Debit Card in 2021
eToro has a user-friendly interface, so even beginners will find it very easy to use. Check out below our detailed guide on how you can buy Bitcoin on eToro using your debit card.
Visit eToro’s official website or get the eToro trading app for your mobile phone. Click the “Join Now” button at the top right corner of the website. It will take you to the page where you need to input your personal details such as your name, email, and password. Click on the “Create Account” button to finish the account creation process. The next step is to go through an account verification procedure. This is where the need for a government-issued ID such as your driving license or password comes in. You’ll also need to submit a proof of address such as your phone bill or electricity bill. After verifying your account, you can fund your account by following the steps below: Your first deposit should be $200 or more. After the first deposit, you can deposit funds as low as $50. Now that you have successfully deposited funds in your account, the next thing will be to proceed with the buying of your desired cryptocurrency. There are four empty fields you need to fill out on the buy BTC page. Once you have checked that all values are correct, you can finally buy bitcoin by clicking the “Trade” button. The BTC you buy will go to your eToro bitcoin wallet. You can also transfer this to your offline BTC wallet if you want.Step 1: Create your eToro account.
Step 2: Verify your account.
Step 3: Deposit funds.
Step 4: Buy BTC.
Can I Buy Bitcoin with Debit Card with No ID?
One of the simplest ways to buy bitcoin is through a debit card. This is because you can buy any cryptocurrency irrespective of where you live. However, as authorities around the world are gradually introducing tighter regulations, it is becoming difficult to buy cryptocurrencies without verifying your ID. Nonetheless, if you value your privacy or don’t have suitable proof of ID, there are specific sites that can allow you to buy bitcoins without going through a verification process.
Below are the best sites to buy bitcoins while staying completely anonymous.
Can I Buy Bitcoin with Debit Card Instantly?
The debit card is one of the most popular and convenient ways to buy bitcoins. However, this convenience comes at a cost since most exchange sites will charge you around 4%. If the delivery speed is not a major issue, you can use the bank transfer method to save some money.
Here are the best exchange sites that will allow you to buy bitcoins instantly.
Should I Buy Bitcoin?
Fiat currencies such as USD, EUR, and GBP are printed from time to time, and as more money is pumped into the circulation, these fiat currencies tend to lose their value. The total number of bitcoins in the world will be 21 million only, and the present bitcoin in circulation is estimated at around 18 million. Bitcoin is finite – demand for bitcoin is growing but the supply is scarce. The best that can happen to bitcoin is for it to continue appreciating. The future of BTC is promising, and no one knows the depth of opportunities that lie ahead. Bitcoin is often called digital gold. This is not due to the fact that both are being mined, but because bitcoin is also comparable to gold in terms of its suggested value.Bitcoin is finite
BTC is the digital gold
Bitcoin Predictions for 2021
Bitcoin’s price is highly volatile – its price has been increasing for most of the years since it started in 2009. 1 BTC was sold for less than $0.01 in 2009 and Bitcoin reached its highest price in 2017 when 1 BTC was priced at almost $20,000.
However, in March 2020, its price was under $4,300 for a couple of minutes then bounced back to around $5,400 after a couple of hours.
Even though bitcoin’s price is still isn’t above $7,000, some bitcoin analysts are still expecting it to retest its $14,000 support point this year. A few of them even stated that there is a possibility that it can go beyond its all-time high of almost $20,000 by the end of 2020 or early 2021.
Conclusion
If you are now ready to buy bitcoin, make sure to check out one of the most recommend crypto exchange trading platforms mentioned above. Aside from debit cards, they will also allow you to deposit funds using other payment methods such as wire transfer, Skrill, and PayPal.
What are you waiting for? Buy BTC now and start trading!
Our Recommended Crypto Exchange for 2021
- 15+ Cryptos Available
- Trade Stocks, Forex, Crypto and more
- Only $200 Minimum Deposit
- Accepts Paypal
Glossary Of Cryptocurrency Terms
FAQs
Aside from debit cards, what other payment methods can I use to buy bitcoin?
Many exchange platforms will also allow you to deposit funds via credit card, wire transfer and PayPal.
Is a bitcoin wallet the same thing as a crypto exchange platform?
No, the two are different. A bitcoin wallet is used for the storage of bitcoin while a bitcoin exchange is a platform mainly used for buying bitcoin. Your bitcoin wallet is comparable to your bank account while the crypto exchange is like the bank itself. Platforms like eToro offer its users a bitcoin exchange wallet as well as a bitcoin trading platform.
Can a bitcoin purchase be made without having a digital or offline bitcoin wallet?
Yes, you can buy bitcoin without having a digital or offline bitcoin wallet beforehand. You can use the bitcoin exchange wallet address that many crypto exchanges offer to its users.
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