Buying bitcoin with a debit card is an easy way to get started. However, there are a few drawbacks to using this method of purchasing crypto.
First, there are credit card fees to consider when buying crypto. These fees can be as high as 3-5% of the transaction amount.
Crypto exchange Coinmama
Coinmama is one of the few exchanges that allows traders to buy bitcoin with debit card. They provide a very easy and secure method for buying and selling Bitcoin, and they have been in business since 2013.
To start, users must create an account with Coinmama by submitting their ID number, date of birth, and address details. They will also be asked to upload a selfie with the day’s date on a piece of paper that reads “Coinmama.”
After the identity verification process, you can purchase Bitcoin instantly by using a credit or debit card and entering your payment details. Once the transaction is confirmed, the coins are sent to your personal wallet as soon as the money clears.
Coinmama’s fees aren’t cheap, but they are in line with those of other crypto exchanges and are often cheaper than those charged by other OTC trading platforms. In addition, they have a loyalty program that can reduce trading costs further.
Crypto exchange Bitstamp
Bitstamp is a crypto exchange that offers an easy way to buy bitcoin with your debit card. This is a safe and secure way to make your first crypto trade.
Bitstamp uses strong security practices to protect its clients’ assets, including multi-factor authentication and storing the bulk of client funds offline in cold storage. This helps prevent the exchange from being breached and keeps users’ accounts safe.
The platform also requires two-factor authentication and email confirmations for all withdrawals. The site also offers address whitelisting, which allows users to specify which addresses receive withdrawals.
Bitstamp is one of the most trusted and respected exchanges in the crypto space. It has been in business since 2011 and is a fully licensed European-based exchange.
Crypto exchange Bybit
Bybit offers investors the ability to buy a variety of assets, including bitcoin and other cryptocurrencies. It also allows you to trade stocks and exchange-traded funds (ETFs).
Depositing money is easy — Bybit accepts bank transfers and debit cards. The platform doesn’t charge a fee for deposits, but there is a conversion rate that applies to non-US dollar transactions.
Users can also open demo accounts with $100,000 to test their strategies before risking their own cash. Bybit also protects customers’ money by safeguarding it in a separate regulated bank account that is not owned or controlled by the company.
Bybit https://www.bybit.com/en-US/ makes its money from fees, including payment for order flow (PFOF) and spreads. These fees are added to the price of each trade, and they’re not always clear when you make a purchase or sale.
Crypto exchange Paybis
Paybis is one of the best non-custodial crypto exchanges that lets you buy major cryptocurrencies such as Bitcoin with debit card. It is licensed to operate in the UK, USA and Europe and has been in operation since 2014.
Users can choose from a wide variety of payment methods including credit cards and bank transfers. It also supports e-wallets like Skrill and Neteller.
The platform is easy to use and offers 24/7 live support for any questions that may arise. Its simplicity makes it ideal for beginners who want to quickly get started with buying cryptocurrency.
In addition, it supports a range of different cryptocurrencies and tokens, from the more established ones to the more obscure ones. Nevertheless, it is important to keep in mind that you need to be a registered user in order to make purchases.
Fees on debit and credit transactions vary based on the currency you purchase with. The first transaction on the platform is free or wavered, but you’ll have to pay 2.49% for subsequent transactions.