In the following chapters, we discuss some of these exchanges in detail. If CEX.IO didn’t work or you didn’t like its interface, there are other platforms where you can buy Bitcoin with a prepaid card. The platform is different from the aforementioned CEX.IO because it’s not actually an exchange, but a crypto-focused payment gateway. That’s why BitPay is pretty flexible when accommodating payment options, including prepaid cards. After successful verification, the account is now ready for its first deposit.
How to start using your card for crypto purchases on CEX.IO?
Connect your prepaid card with an exchange or a wallet with built-in DEX to buy. You may be able to link Google Pay to the app to use prepaid visa cards. What’s more, CEX.IO follows international anti-money laundering rules.
Users of American Express (AMEX) and Discover cards may only have little to no options or may experience card declines. Crypto.com also offers prepaid Visa Cards that users can use just like their normal bank credit cards. The Crypto.com Visa Card lets individuals build and earn rewards through everyday spending like paying for their Spotify subscription, booking an Airbnb, or spending overseas. All rewards are paid in CRO, Crypto.com’s native token, and deposited into a Crypto Wallet. Users can top up their crypto card using a fiat wallet, crypto wallet, or debit/credit card in the Crypto.com mobile app.
Step 4 – Buy Bitcoin
Buying Bitcoin with a prepaid Visa card should not be a problem for you. Just keep in mind that there may be restrictions on transferring Bitcoin out of the platform when using PayPal. Skrill and Neteller provide similar convenience, but as always, check if your crypto exchange supports them. Additionally, e-wallets such as PayPal, Skrill, and Neteller are also popular choices for crypto transactions.
KuCoin: Large Multi-currency Support
Reliable exchanges like Bybit and Binance, for instance, are known for their payment method How to buy bitcoin with prepaid card flexibility, but prepaid cards aren’t accepted there. Finally, before choosing a payment method, always ensure your bank supports crypto purchases, as some may have restrictions. Using a bank that is crypto-friendly can help streamline the buying process.
Does Binance accept prepaid cards?
In terms of deposits, it works with outside services that make buying cryptocurrency with bank cards possible. Additionally, PrimeXBT accepts fiat deposits via other platforms, including Perfect Money and AdvCash. Want to dip your toes into crypto without linking your bank account or credit card?
You can check and compare cryptocurrency prices in real-time before making a purchase. Once registered, you’ll need to verify your identity in the CEX.IO App. Then you can link a payment card to make instant fiat deposits and withdrawals and buy crypto with it. Later, when you make a card deposit, you’ll need to confirm it with the CVV code and 3DS code from your card issuer.
Check out our Merchant Directory for a searchable list of businesses that accept crypto payments through BitPay. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Kraken) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer). Once you find an exchange that you like and supports prepaid cards, begin by creating an account. Each time you purchase Bitcoin with a prepaid card, no credit checks will be required nor are any interest rates incurred.
- The prepaid cards can be redeemed on the Binance platform and used to fund a wallet with the deposited funds.
- Visa is open for cryptocurrencies and recognizes them as innovative technology and an integral part of the financial system.
- After you create an account, we’ll notify you about your transactions and important actions on your profile (like confirming the password change) via email.
- So, if you’re looking for a private, controlled way to get started with crypto, buying Bitcoin with a prepaid card might be the right choice for you.
Prepaid cards are quite widely accepted1 and make buying Bitcoin a breeze, especially those offered by VISA and Mastercard. Some platforms have a specific amount users must deposit to start trading while others have no set minimum. Lastly, Coinbase insures the digital assets stored in its wallets on behalf of the users. U.S. dollar balances are also insured with the Federal Deposit Insurance Corporation (FDIC) to prevent the loss of user funds in case of a breach. Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong.
- Since then, the exchange has grown to serve over 3 million users across 190 countries worldwide.
- Before you start, though, double-check that it can be used for crypto purchases, as not all banks or cards allow transactions for cryptocurrencies.
- The website and apps make it easy to utilize various prepaid cards for both cryptocurrency purchases and fiat cash deposits.
- The Crypto.com Visa Card lets individuals build and earn rewards through everyday spending like paying for their Spotify subscription, booking an Airbnb, or spending overseas.
A maker order adds liquidity to the market and can’t execute immediately. The fee for such orders ranges from 0% to 0.16% based on the trade volume. Taker orders remove liquidity from the market and orders are executed immediately. Though there are customization options to make it even more unique, the default colors are already lively and attractive.
How to register an account in 3 simple steps?
PayPal is particularly well-known and widely accepted by some exchanges, offering a familiar interface for users who want a seamless experience. Understanding how to buy Bitcoin with prepaid card options provides several key benefits that make it appealing to many investors. Most exchanges require you to verify your identity to comply with regulations, or what’s also known as KYC. To do this, provide documents like an ID card or a driver’s license and prepare your best smile, as the platforms usually ask for a selfie. Some platforms might be available on both desktop and mobile, so choose which platform caters to your trading habits.
Make sure to use reputable exchanges and enable two-factor authentication to keep your funds safe. Another major consideration when using prepaid cards is the fees. Prepaid cards tend to come with higher transaction fees compared to other methods like bank transfers. Unlike traditional credit cards, which allow you to overspend and accumulate debt, prepaid cards only let you spend what you’ve loaded onto them.
Some exchanges allow you to buy cryptocurrency with a prepaid card on-ramp. Once you’ve decided, choose a prepaid card as the payment method. If you’re unsure, review the exchange’s list of supported payment options, which are typically detailed on their official website. Should your search hit a roadblock, consider testing the process with a small trial transaction to confirm whether prepaid cards are supported.
How to Buy Bitcoin with Prepaid Card via BitPay
CEX.IO is a great platform to buy Bitcoin with a prepaid card or 70+ cryptocurrencies available on the platform. To get Bitcoin with a prepaid card, users need to register an account, link a payment card, and pass the identity verification. With all this set, users can go to the Buy/Sell page and choose a currency in the Buy drop-down list. There are typically four boxes with the most popular amounts of digital assets customers buy. Enter the amount and the fiat equivalent is calculated to deposit with a prepaid card. The CEX.IO website provides a full guide on adding a prepaid card that can be read here.
WhiteBIT is the largest centralized cryptocurrency exchange in Europe per traffic, with over 8 million users and 700+ trading pairs. Known for its top-tier security, WhiteBIT stores 96% of assets in cold wallets and holds the highest CCSS certification score. Its intuitive interface and 24/7 customer support make it a trusted platform for both new and experienced traders.
