How To Buy Bitcoin With Prepaid Card Beginners Guide

We recommend using a regulated multi-asset investment platform eToro to buy cryptocurrencies with a prepaid card. What’s more, it is regulated by FINRA and FinCEN, making it a safe and cost-effective option. Seeing that buying Bitcoins with prepaid Mastercard cards has become mainstream in the modern digital world, Mastercard also joined the band of crypto enthusiasts. In 2021, they announced the support of selected digital currencies within their network. That means you can use Mastercard debit, credit, and prepaid cards on CEX.IO to deposit funds and purchase crypto.

You can see four boxes with the most popular amounts of virtual currencies bought by our customers, and a section where you can enter your own amount. The fiat equivalent you should pay is calculated due to the current market rate How to buy bitcoin with prepaid card of the coin or token. You can check and compare cryptocurrency prices in real-time before making a purchase. Check out our Merchant Directory for a searchable list of businesses that accept crypto payments through BitPay.

Step 1 - Create an account with a crypto exchange

Crypto.com’s other cards offer 0% to 5% back, rebates on more streaming services, and no ATM withdrawal fees. A prepaid card enables you to buy crypto with a card but without the risk of spending more money than you have and being unable to pay it back. According to a survey by LendEDU, more than a fifth of investors who used a credit card to buy Bitcoin didn’t pay off their purchases straight away. Using a card enables you to buy crypto instantly, whereas with a bank transfer it can take around three to five days for the crypto to reach your account.

• The BitPay card supports seven major cryptocurrencies, including Bitcoin and Ethereum, as well as six different fiat currencies.
• Its support for multiple currencies, easy currency conversion, and top-notch security make it the best Bitcoin debit card overall.
• They work like payment terminals, but instead of cash, you’ll get the BTC address with some coins on it.

Some governments require us to obtain special licenses for crypto platforms to be able to provide services for their citizens. Due to these requirements, we need to identify our customers and guarantee top-level security for their funds and data. To start buying and selling cryptocurrencies on CEX.IO, you need to register an account first.

Buy Bitcoin With Credit Card No Verification

Some countries, like El Salvador, have declared BTC to be a legal tender. So, you will be able to buy anything in these countries with Bitcoin. Most countries currently do not accept Bitcoin as a legal tender.

There, you should choose the best offer for your needs, and then you will be able to finally complete the transaction. Buying Bitcoin with prepaid cards doesn’t make the process cheaper. However, prepaid cryptocurrency purchases have several advantages for the buyer. There are several steps to buying Bitcoin with prepaid cards, as outlined in this article. There are some other ways to get Bitcoin and crypto with your prepaid card.

Keep your Bitcoin safe and sound

In 2020, the company partnered with Swipe to offer a Visa debit card that offers 8% cashback, making it our choice as the best for cashback. BlockFi’s card has a credit limit like any other credit card and can be used to make purchases wherever Visa is accepted. The card also offers 1.5% cash back on every transaction, which is converted to Bitcoin and placed in the cardholder’s BlockFi account. You can use it anywhere Visa is accepted, supports up to eight different cryptocurrencies, and features robust security. Equally, many banks offer overdraft facilities alongside debit cards, which means you can essentially use them like a credit card by borrowing from the bank.

Bank transfers can take 1-3 business days, but some options are free of charge on CEX.IO. If you choose an electronic wallet, then your deposit will be on the CEX.IO balance on the same day. Do you have a debit card and wonder whether you can purchase crypto using it?

How To Buy Bitcoin & Crypto With Prepaid Cards

You can send your crypto to nearly any wallet as long as you know your address. If you don't already have a self-custody wallet, or would like to store your crypto in a new wallet, you may create a free BitPay Wallet. A notable disagreement occurred in August 2017, when the core team declined to increase the block size to deal with the increasing number of transfers on the network. The schism ended in Bitcoin Cash (BCH) being created and locked in stiff competition with the main project for market dominance.

For instance, a bank transfer may only cost 1% instead of the 5% charged by some platforms. On BitPay, crypto enthusiasts can buy and sell crypto using various payment methods, and users are usually intrigued by the platform’s user-friendliness. On Coinmama, you can deposit money when you want to buy a currency. Choose the desired currency, click “Buy,” and choose the debit/credit card option. Fill in the required information and confirm the transaction, and it’s done. Paxful is also referred to as the eBay of Bitcoin because it connects Bitcoin buyers with sellers from all over the world.

Here you can easily buy Bitcoin (BTC) and numerous other cryptocurrencies like Ethereum or Bitcoin Cash with a variety of fiat currencies (USD, EUR, and many more). Choose one of the payment methods we offer to make quick and secure Bitcoin transactions — bank account, debit and credit cards, or Google and Apple Pay. The platform is one of the best crypto apps to buy Bitcoin and other digital assets while on the move. There are a variety of payment methods that include debit cards, credit cards and prepaid cards.