How to buy Bitcoin with Debit Card? A complete guide on exchanges to buy BTC with Debit Card. In this article, we will look at the top sites to buy bitcoin with debit card. Besides, we will look at the pros and cons of buying bitcoin using a debit card.
Table of Contents
- Step 1: Choose the Best Site to Buy Bitcoin with Debit Card
- Step 2: Sign Up and Verify Your Account to Buy Bitcoin with Debit Card
- Step 3: Buy Bitcoin with Debit Card
- What all Should Beginners Consider to Buy Bitcoin with Debit Card?
- What are the Pros and Cons to Buy Bitcoin with Debit Card?
Step 1: Choose the Best Site to Buy Bitcoin with Debit Card
Today there are many sites from where you can buy bitcoin with debit card. But, to narrow down to one, you have to look at many factors. From websites easy of use to liquidity. Considering these we have listed the top sites to buy BTC with debit cards.
Binance is among the top sites by trading volume to bitcoin in the world. They started in 2017 and grew to the number one spot within a short period.
They started as a coin to coin trading site. But, the prime attraction was the number of coins they had to offer. Also, their ability to handle millions of orders every minute.
Besides, the site’s UX was quick and easy to use. Both beginners and expert traders had their own trading views. Besides, both their web and mobile platform is simple and easy to use. A lot of their users trade on their mobile app. It is as easy as trading on their desktop site.
Also, they have good security and safety features. They have an insurance fund to protect their users. In 2019, they started rolling out many ways to buy Bitcoins with fiat currencies. Buying bitcoin with a debit card was one of them. Also, they have many third-party payment tools to accept debit cards.
Changelly is another good site to buy bitcoin with debit card. Also, you can access the site and buy bitcoin from anywhere in the world. Besides, they have a third-party to process debit card payments on the site. Simplex is one such on the site to process cards.
Their steps to buy bitcoin is straight forward and easy. Also, their UX is well-received among crypto currency buyers. Besides, you can use the site on both the website and mobile app. Mobile apps are on both iOS and Android.
Also, The site has good safety features. One of the most trusted source to buy bitcoin with a card. Besides, users do not have to complete KYC to start buying in small amounts. But, fees are at times on the upper side of the market.
With the site, you can buy all the popular altcoin there is. Besides, their 24×7 support is quick and easy to use.
KuCoin, started in 2017, is a good site to buy bitcoin with debit card. In short and quick steps you can buy bitcoin with debit card on the site. On the site, you can buy BTC and trade spot, margin, and futures.
The site ensures a safe and rapid platform to buy bitcoin. Besides, They have an easy to use UX on both the website and mobile app. All spot, margin, and future platforms have easy to use clean UX.
Also, They have easy to use mobile apps on both Android and iOS. Trading experience on both web and mobile apps have good user reviews. They have good 24×7 support, they are quick to respond to your queries.
Besides, they have many other virtual coins traded on the site. Trading fees are on the lower side of the cryptocurrency market. But, you have to pay a processing fee to buy bitcoin with cards.
Coinbase is one of the top exchanges to buy bitcoin with debit card. In fact, one of the best sites in all aspects. One of the best sites when it comes to security.
Also, they have insurance to protect the user’s funds on the site. The platform is easy to use for beginners and experts alike.
You can access Coinbase through both web and mobile devices. Besides, their mobile app has good reviews and is quite easy to use.
Both web and mobile UX is simple and easy to use. Also, steps to buying bitcoin with a debit card on the site are quick and easy. Besides, anyone can start on the site within minutes. This applies to sign in, KYC, buy, and trade.
One drawback to point out about Coinbase is the number of coins available. They have a quite stringent vetting process to add new coins. Hence, you can buy and trade a handful of good coins including bitcoin on the site.
Bitstamp is one of the oldest sites to buy bitcoin. They started selling bitcoin in 2011. On the site, you can buy bitcoin with debit card. You will have to pay a small processing fee to buy bitcoin with cards on the site.
Also, You can withdraw funds to your bank account. Besides, they are a regulated exchange. Their cryptocurrency trading platform is a good fit if you are a beginner or expert trader.
Besides, they have an advanced trading platform for expert bitcoin traders. Fees to trade on the site are on the lower side of the market. But, long KYC process and week support is a common review by its users.
Both their iOS and Android apps score average on the review by experts. You can use the website in most countries in the world. It is a good site to buy and trade bitcoin anywhere in the world.
OKEx is an exchange that started in 2017 and has a good track record. You can buy bitcoin and many other coins on the site with debit cards. Their payment processor will charge a fee to use your card on the site.
Trading fees are quite low on OKEx. Besides, you can trade spot, margin, futures, and options on OKEx. Besides, They have a built-in secure online wallet. The site is on the browser, iOS, Android, Mac, and Windows.
Also, their user interface has good reviews from users around the world. Besides, they have a wide range of features on their trading platforms. They are well-known for their safety and security. But, the site has a mixed review on their 24×7 support.
You can buy and trade more than 100 coins on the site. But, withdrawal limited to cryptocurrencies. Also, not sure if they have insurance to protect user funds.
Paybis started in 2014 and accepts payments from over 150+ countries. To buy bitcoin with debit card this is a good site. It is a regulated exchange to buy bitcoin. They use third-party tools to process your cards.
Also, the fees charged by these third-party payment tools are applicable. Its is a quite easy and quick step by step process to buy bitcoin with debit card. Besides, you can start an account and buy bitcoin in no time.
Their KYC process takes only 5 minutes. They have a great commission structure with no hidden fees. Also, they have the world’s highest limits to buy bitcoin for any user.
Their 24×7 support has mixed reviews. The platform is available on the web and has a good and easy to use UI. But, their site does not provide an advanced trading platform for users.
Also, they do not have a built-in bitcoin wallet. You have to create and use a cryptocurrency wallet from elsewhere.
Bittrex is a regulated site to buy bitcoin. You can buy over 250 digital currencies including Bitcoin, Litecoin, Ripple, Ethereum, Dogecoin and other altcoins with debit card. They are one of the oldest bitcoin exchange that started in 2013.
It is quick and easy to sign up. Also, they need minimum personal info to verify your account. KYC process is fast compared to others in the industry. The website is secure and provides 2FA for users to set up.
Fees to trade on the platform are on the lower side. But, you have to pay processing fees to buy bitcoin with debit card. Their platform is available in most countries. But, their customer support and liquidity have mixed reviews online.
They have an OTC desk to buy bitcoin in large volumes. One highlight of the trading platform is its one minute chart. It is a good trading option for both beginners and experts. You can use the platform on the web browser.
ChangeNow is an easy way to buy bitcoin with cards. You can buy bitcoin with debit card without verification or KYC.
They are a non-custodial crypto service. That means you are in full control of your funds. So how does the site work? You chose the coin you want to buy (in this case bitcoin). Also, choose the amount you want to buy in fiat currency.
You have to enter your bitcoin wallet address and your email address. The further steps to make payment with a debit card is fast and easy. After you make the payment, they send bitcoin to the wallet you provided.
Besides, the site charges a fee to process your payment. There is no limit to buy bitcoin. They support quite a lot of currency to buy with cards.
They have a quick turn around time. The platform is available on web and android devices.
Bitfinex is an established site to buy bitcoin with debit card. They are one of the oldest bitcoin marketplaces that started in 2012. Also, they are a trusted bitcoin exchange.
Besides, they have low trading fees compared to the market. But, buying bitcoin through debit card could cost processing fees. They have a safe and easy user interface.
It is available on both web and mobile devices. Also, They support many order types. This is much valued by expert traders. Their platform might not be easy to use for beginners. Besides, they have advanced charting tools.
Also, it has corporate accounts and an API to manage trade outside the site. Orders process fast as the site has high liquidity. They have both spot and margin trading on the site. Besides, they have a margin funding option. They have a wide range of virtual currency listed to buy and trade on the site.
Step 2: Sign Up and Verify Your Account to Buy Bitcoin with Debit Card
The next step is to sign up on the site you have narrowed down to. Sign up is pretty fast and easy on most sites.
But, KYC is where the real hurdle is. Some sites let you start trading without completing KYC. But, with some. You need to finish KYC to start using the platform.
Also, for a handful of sites, you don’t need to do KYC for trades in small amounts. Most exchanges complete their KYC process within 24 hours. But, in cases of some sites, it might take more time. You will have to provide your official ID, address proof, and a photo.
Also, it is good to set up 2FA on your account before you buy bitcoin.
Step 3: Buy Bitcoin with Debit Card
Once you have completed the above steps, start buying bitcoin. To buy bitcoin with debit card, most sites use third-party tools like simplex or skrill.
So, you have to confirm fees to use the debit card before you buy bitcoin. Once you have purchased bitcoin, you can store it on the website’s built-in wallet.
But, it is good to store your digital currency in your own personal bitcoin wallets. This will avoid you from the risk of attack on site.
Once you have bought bitcoin, watch your position and the market. If you are buying bitcoins to trade, learn everything about the market. This is important as the bitcoin price is volatile.
You should also learn about bitcoin. Understand how a peer to peer decentralized currency work. What a blockchain is. Advantages of a public ledger and bitcoin network.
Also, Who Satoshi Nakamoto the inventor of bitcoin is. Who bitcoin miners are and why are they mining bitcoins. How bitcoin mining works and proof of work. What is halving and how they reduce miner mined block rewards. How it affects the value of bitcoin. BTC price and its volatility.
Besides, learn the difference between decentralized and centralized exchange. BTC price and its volatility. How to use a blockchain wallet, bitcoin address, and more.
What all Should Beginners Consider to Buy Bitcoin with Debit Card?
As a beginner, you need to consider many factors to buy bitcoin with debit card.
First, you need to confirm the website sells bitcoin with debit card. Then, the website needs to be available in your country.
Next, you need to consider fees. By fees, I mean both payment processing fees and the fees to trade on the site.
Also, you need to consider other factors on the site. Like liquidity, having a good amount of trades on the site is important. On sites with high volumes, you will be able to buy bitcoin at market price. If the volume is low, you might end up paying more.
Also, you need to look at their KYC procedure. Is it quick, easy, and available to complete with your IDs? Another factor is the site’s security. Is it safe to use your card? Or, store bitcoin in their wallet. Or, have an option to set up 2FA.
What are the Pros and Cons to Buy Bitcoin with Debit Card?
There are both pros and cons to buying bitcoin with a debit card.
First, let us look at the pros.
The most important is that it is a fast and easy mode of payment. Also, with a debit card, you do not risk spending more like when you buy bitcoin with credit card. With a debit card you can spend only the money you have in your account. Many beginners fall into FOMO and spend money they cannot afford. This happens a lot with credit cards.
Also, based on the debit card you hold, you might get rewards.
Coming to cons, first the processing fees.
Most sites that sell bitcoin with debit card use third-party payment system. Like when you buy bitcoin with PayPal. These third-parties charge a processing fee on every transaction you make. You might end up paying 2.5% to 10% fees if you don’t check this upfront.
Also, based on the card and the issuer, it might not work in all sites. Some sites do not accept cards from specific issuers or countries.
Also, Not all sites or payment tools support debit card. But we have got you covered on that in step one.