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For a deeper look into the platform take a look at our CoinMama review. Coinbase is a well-established name in the crypto space and has been operating since out of the US. The company is heavily-regulated, which may concern some users who value their privacy.
They do, however, provide good options when it comes to payment cards. The fees are also noticeably lower here than with CoinMama, which is a distinct advantage if you plan to buy on a regular basis. Coinbase is in the process of adding to their list of cryptocurrencies, which is also a good sign.
Find more in our Coinbase review. CEX is a European exchange that operates out of the financial capital of London. Many enthusiasts are attracted to the lower card fees found on CEX. For more info, follow along with our CEX review. The company was created in Finland in There is also an escrow service to mediate between buyers and sellers in the event of a dispute. Follow along with our review here.
Paxful is another peer-to-peer marketplace that connects buyers with sellers. Just like LocalBitcoins, Paxful is widely available and allows exchange in your local currency to simplify trade. At this time they only support Bitcoin. For more details take a look at our step by step guide and review of the Paxful exchange.
Along with prepaid debit cards, it turns out that there are actually quite a few other card options that allow you to get your hands on your favorite cryptocurrencies. Buying bitcoin with a prepaid card is not the cheapest option out there and even the cheapest exchange can set you back fees of at least 3. For clients in some countries, paying by card is probably the easiest and most convenient option. Cosmos is a decentralized blockchain ecosystem in which developers can build their blockchain into a network of….
While the mainstream has yet to…. Of course, you can buy bitcoin with prepaid visa gift card or any other prepaid card currently available. There are different prepaid cards. Each of them will work in a different way and offer you different solutions. Nonetheless, they will still offer you the standard solutions of a prepaid card. Users tend to receive prepaid cards for Christmas, birthdays and special occasions. However, some people do not know what to do with them after they receive this special gift.
One of the things that they will allow you to do is to buy Bitcoin. Understanding how a prepaid card works is the first step to buy Bitcoin with prepaid card. The next thing we need to know is how to do so and which are the issues we might encounter along the way. Bitcoin is the largest cryptocurrency in the world.
In recent years, its fame allowed it to attract a large number of users and investors. With this in mind, we now need to know where to buy it. By far, the most popular way to acquire Bitcoin is using a cryptocurrency exchange. They are easy to use, user-friendly and they are also offering other solutions to users. Nonetheless, in order to deposit funds in these platforms, you need a bank transfer or using a debit or credit card. This is where we will be able to buy Bitcoin with prepaid debit card.
Some exchanges are also accepting credit cards. This is going to be very useful to users that want to buy Bitcoin with prepaid credit card. To buy bitcoin with prepaid debit card, you will only need to search for an exchange. These crypto platforms will be very useful for you to buy and sell digital assets. However, you need to make sure the crypto exchange offers support to debit and credit cards.
Once you have selected the exchange you want to use, it comes the moment where you will buy bitcoin with prepaid debit card. Take into consideration that some exchanges accept both debit and credit cards. This is why you will also be able to buy bitcoin with credit card as well. You will have to open an account on the platform. This can take up to a few minutes. Remember to always confirm your email account and identity in order to have access to all the services and solutions.
The verification process can sometimes take a longer time, but it is definitely worth it. In the exchange you selected, you will be able to buy bitcoin with prepaid visa gift card or a normal card. This can be one of the easiest ways to get access to the crypto market. Many users already know how to use a prepaid card. The whole process will be much simpler and easier for them. As we have mentioned before, there are different cryptocurrency exchanges that allow users to buy bitcoin with prepaid card.
The main challenge you will face is to find them. The whole experience will depend on the exchange you like the most. Moreover, if you have an account in an exchange, then there is no need to open another one. Just remember to have verified your account in these platforms. Remember to always verify if your exchange is supporting prepaid cards to buy Bitcoin or other cryptocurrencies. Once you do so, you will be able to select Bitcoin and buy it with the card you want.
Take into consideration that these platforms have sometimes fees on the transfers processed with cards. Some platforms are not accepting payments with credit and debit cards. This is why you should also check whether your exchange is accepting these payment methods. The verification process is going to be very simple. You can check this data on the FAQ section of the platform you use or contact the customer support if you cannot find the answer.
Another way to buy Bitcoin with prepaid card is by searching P2P markets. These markets would be very useful for you to exchange your prepaid card for Bitcoin. Despite that, you will have to find a customer that would accept payments in prepaid cards. Although this might not be difficult to find, they could have higher prices than using other payment methods. If you know a person that is interested in selling Bitcoin, then you can make an offer with your prepaid card.
As we just mentioned, it might be possible for these users to sell these BTC at a premium price if you pay with a prepaid card. In this case, you just need to make a decision on whether you would accept the price or not. Buy bitcoin with prepaid card is a safe thing to do. If you are concerned about safety, then you can be sure this is a safe method to get access to cryptocurrencies.
Considering the card will not be linked to your bank account, you will have to share less information with the exchange or platforms you use. Moreover, having a prepaid card would not disclose your name and surname.
You will not have to share your personal information as using traditional debit and credit cards. This is something that you should take into consideration when you handle prepaid card payments. Nevertheless, the platform you are using to buy Bitcoin with a prepaid card might ask you for an ID verification. If that happens, the safety issues would be related to the exchange platform and not with the prepaid card.
Prepaid cards tend to be very safe and you can be sure they work properly. Without a doubt, handling payments with prepaid cards is going to be very convenient from a security standpoint. Despite its positive aspects, there are many scammers in the market. Therefore, you should always use these cards with extreme care.
You might send some funds to a scammer or to the wrong person. If you do this, it may be very difficult to recover your funds once the transaction is processed. It is worth pointing out that there are advantages and disadvantages to buying bitcoin with a prepaid card. This method is used by people that like to make it simple, short and have good results.
A large number of individuals receive prepaid cards.
Prepaid cards are also supported by Coinmama for buying BTC and other currencies. Coinbase is a popular name in the world of cryptocurrencies and is a digital currency exchange based in the US since It is a broker exchange which serves 32 countries with four digital currencies including BTC. The good thing is, you will find many buyers and seller dealing in BTC via prepaid debit cards from across the globe. Check out Localbitcoins review to learn more about them. Bitpanda is a famous crypto exchange in Europe and is based in Vienna, Austria, where it was founded in It supports multiple payment options while buying Bitcoin, one of them being prepaid cards.
Also, read: BitPanda review. Yes, there is no problem in buying crypto with prepaid card. In fact it is better to spend the money that you could afford rather than borrowing and then spending on buying crypto. Coinbase seems to be accepting prepaid cards a while back, but now a few users have reported that it is not working. However you can use any of these platform to buy crypto with prepaid cards.
One needs to go through a complete KYC check and registration of their cards before buying bitcoins on either of the exchanges mentioned above. An exception to this is a service like Paxful or LocalBitcoins which is peer-to-peer. Some good self-hosted wallets are listed below for your safety:.
Harsh Agrawal is the Crypto exchange and bots expert for CoinSutra. He has a background in both finance and technology and holds professional qualifications in Information technology. After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra. Really Bitcoin was not popular in , but now,crypto madness has caught everyone, everyone wants to know about Bitcoin and also wants to own a piece of it if not one whole Bitcoin.
The best part is, it has become effortless to buy. Hi there! Thanks for the article! I can recommend you to visit linkkoin. Just visit the website and check it for yourself. Coinbase does not let you buy anything on their wallet with a visa prepaid debit gift card. I just tried it does not work. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.
Notify me of new posts by email. This site uses Akismet to reduce spam. There were only a few exchanges who offered it, or you could grab some if you had the technical chops to mine it yourself. Thankfully, it has become a highly sought-after commodity and is widely available today. The process is more or less the same as with any debit or credit card. It was one of the first exchanges to provide cryptocurrency purchases via debit and credit cards. All of the major coins like Bitcoin , Ethereum and Ripple are supported, including some alternatives like Cardano, Qtum, and Ethereum classic.
For a deeper look into the platform take a look at our CoinMama review. Coinbase is a well-established name in the crypto space and has been operating since out of the US. The company is heavily-regulated, which may concern some users who value their privacy. They do, however, provide good options when it comes to payment cards. The fees are also noticeably lower here than with CoinMama, which is a distinct advantage if you plan to buy on a regular basis.
Coinbase is in the process of adding to their list of cryptocurrencies, which is also a good sign. Find more in our Coinbase review. CEX is a European exchange that operates out of the financial capital of London. Many enthusiasts are attracted to the lower card fees found on CEX.
For more info, follow along with our CEX review. The company was created in Finland in There is also an escrow service to mediate between buyers and sellers in the event of a dispute. Follow along with our review here. Paxful is another peer-to-peer marketplace that connects buyers with sellers. Just like LocalBitcoins, Paxful is widely available and allows exchange in your local currency to simplify trade.
At this time they only support Bitcoin. For more details take a look at our step by step guide and review of the Paxful exchange.