How to Buy Bitcoin with Debit Card – Cryptostory

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Introduction – How to Buy Bitcoin with Debit Card

It is relatively effortless to buy Bitcoins using debit cards as it helps in reducing the fraud during the trading of Bitcoins. In this article, we’ll discuss the three main methods that will help you to buy Bitcoin with Debit cards. All the methods are rapid, easy and simple to use. Bitcoin is a kind of virtual currency.

Bitcoin is a form of digital money that gives people full control of their funds. Bitcoins can be sent quickly anywhere in the world.

Summary of all the Methods

You can buy Bitcoin with Debit cards using eToro, Coinbase, Binance, and Bybit. These methods are very user-friendly and safe to use. The transactions that are done regarding the Bitcoins are irreversible. Buying Bitcoins with the help of debit cards is very easy. The most popular way among all the methods is Coinbase.

Using debit cards to buy Bitcoin is the most secure and fastest way. But for buying Bitcoin using debit and credit cards, you need to create a wallet for Bitcoins to store them. A desktop wallet is the best to store Bitcoins. A desktop wallet is very secured and user-friendly. Bitcoins are created by computers y solving complex mathematical equations.

 

Coinbase

Coinbase

Coinbase is called as the world’s biggest Bitcoin exchange. It is effortless to use and charges very low fees from its users. Coinbase is a popular, convenient and cheap method of trading. It allows you to buy Bitcoins using credit and debit cards. You can buy the Bitcoin with debit cards at a fee of 3.99%. It is very important to verify your ID that has been issued by the government.

In Coinbase, you need to upload the picture of your ID for verification purposes. It is the most popular exchange for Bitcoins in the United States, though the purchase of Bitcoins via credit cards is not allowed there.
Also, to buy the Bitcoin, you need to show your ID to prove your identity. In Coinbase, you can buy Bitcoin of $150 per week quickly using a debit card. It is mainly available in the USA, Europe, Australia, Canada, and the United Kingdom. It is one of the most popular ways of buying Bitcoins using debit cards.

Coinbase

Pros

  • It has a secured Bitcoin deposit.
  • It is easy, quick, and simple.
  • It provides a massive variety of withdrawal and fiat deposits.
  • It provides the service of instant transfers to its users.
  • It maintains high security for its users.
  • It has very low fees.
  • It has high liquidity.

Cons

  • Many cryptocurrencies do not support it.
  • It is not available in all the countries of the world.
  • The accounts in Coinbase are monitored.

 

Binance

2 – Binance

It is one of the largest cryptocurrency exchanges around the world. The US traders love to trade on Binance. It was established in 2017. The name Binance is made up of ‘binary’ and ‘finance’. Though Binance is new in the market. It has great customer service and a fantastic UI. It provides users with all the latest trades and courses.

You can purchase Bitcoin very easily using Binance. It is one of the fastest trade exchanges in the world. The company has an excellent reputation in the market. You need to upload a picture of your ID that is issued by the government, for verification purposes. However, it does not support fiat currency.

The fee for buying Bitcoins through debit cards is the lowest amongst all the other methods. The cost of buying Bitcoins via MasterCard and visa is only 2.5%. You can buy five more cryptocurrencies other than the Bitcoins using debit cards through Binance. After the verification gets done, you can buy instantly purchase the Bitcoin.

Binance

Pros

  • It has excellent customer service.
  • It has a great trading interface.
  • It has a Lending Service
  • Academy Platform
  • It has the highest liquidity.

Cons

  • It does not support fiat currency.
  • It is not available in some countries.

 

3 – Bybit

It is a new method of exchange that is developed for cryptocurrencies. It offers many cryptocurrencies, such as ripple, Bitcoin, and Ethereum. The company was established in 2018. It is available for traders of all the countries, except Singapore and the US.

The CEO of Bybit is Ben Zhou. The company facilitates almost 1 00,000 transactions every second. It is very safe and easy to purchase Bitcoin using debit cards through Bybit. The exchange provides great safety, security, and privacy to its users.

Bybit

Pros

  • It provides great customer support services to its users.
  • No KYC is required in Bybit.
  • It has high leverage.
  • It comes with advance technology.

Cons

  • It does not have any mobile app for the users.
  • It is not available in some countries.
  • It is not available for the traders of US.

 

Conclusion – How to Buy Bitcoin with Debit Card

While selecting any method for buying Bitcoin with Debit cards, make sure that the selected method has a good reputation in the market. The methods, as mentioned above, have an excellent reputation and are safe and secure for its users. eToro is the easiest among all other methods.

Keep in mind that the transactions done in virtual currencies are subjected to market risks like, changing price trends, so it is only recommended to those who are prepared to take risks. These days, with the upgraded technology, you can buy Bitcoin quickly anytime.

 

Read more about how to buy bitcoin:

How to buy bitcoin anonymously

How to buy bitcoin with cash

How to buy bitcoin with credit card

 

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