Examples of offers to buy Bitcoin with a prepaid debit card on the Paxful P2P marketplace. Fees for buying Bitcoin with a prepaid card are usually higher than other methods. For instance, a bank transfer may only cost 1% instead of the 5% charged by some platforms. Coinmama is one of the most straightforward exchanges where one can How to buy bitcoin with prepaid card buy crypto with a prepaid card. This exchange was created in 2013 and has been operating ever since. The exchange allows crypto investors to buy and sell popular coins, including Bitcoin.
Why Use Best Wallet to Buy Crypto with Prepaid Card?
Nowadays, the platform represents an ecosystem of different services allowing you to buy, sell, trade, and earn with crypto. One of them is the Instant Buy feature with help of which you can get crypto in a few clicks by paying directly with a debit card or credit card. Prepaid cards are also known as prepaid debit cards, pay-as-you-go cards, or stored-value cards. It is a type of payment card that you can buy and load with money before using it to make purchases. Basically, it is like a gift card, but instead of being limited to a specific store, you can use it in any store that accepts the brand on the card (Visa, Mastercard, etc.). It’s like having a debit card without the need for a bank account.
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Tap the “Buy” button on the app’s home screen to buy crypto with a prepaid debit card. Now that you know how to buy Bitcoin with a prepaid card, you might also want to consider other payment options that can offer different or broader benefits. While Visa and Mastercard prepaid cards can be convenient, they aren’t widely accepted on most crypto exchanges. Overall, buying crypto with a prepaid card offers controlled spending, increased security, and the convenience of quite a widespread acceptance.
Step 3: Pay with Prepaid Card
You may rest assured knowing no hidden fees or fake tokens are at play. Because it is not a custodial service, the wallet gives you complete authority over your data. Once you create an account on CEX.IO, you’ll get the wallets for storing your digital funds. They are free for use and protected with our enhanced security measures, your password, and 2FA code. CoinCodex tracks 44,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders. Finally, you’ll be presented with a confirmation window that displays your order’s details, including the fiat total, the among of transaction fees, and the exchange rate.
Coinmama lets users buy and sell cryptocurrency with an array of payment methods, including Fedwire, SWIFT, Apple Pay, Google Pay, Skrill, and more. Users can also buy Bitcoin using a Visa or Mastercard credit card, debit card, prepaid card, virtual card, or gift card. However, users incur a 5% express fee when they use this payment method. To calculate the total cost incurred, simply take the amount to purchase and multiply it by 1.05.
Step 2: Tap “Buy Crypto”
View and control your holdings all from one easy-to-use interface. Through the BitPay app or website, you can buy more than +60 top cryptocurrencies and stablecoins with prepaid Mastercard or Visa prepaiddebit cards. In late 2024, Coinbase announced enabling crypto purchases through prepaid cards, reflecting a change in the financial inclusiveness direction.
Pro traders and industry experts recommend it for efficient asset acquisition and management. With this decentralized wallet, you will always have full authority over your personal information because it is not a custodial service. To facilitate smooth account funding and expedite fiat transactions, PrimeXBT integrates third-party services. Because the platform is primarily intended for futures trading, users will speculate on the stock’s future price changes rather than owning the actual shares. Protect your prepaid visa card details and stop fraud with Best Wallet.
Both offer the opportunity to buy 60+ top cryptocurrencies and send to any of your self-custody wallets. Aside from the benefits, there are downsides to consider when buying crypto with a prepaid card. While it does help you save up, in a way, you can only spend what’s loaded onto the card, which may not be enough for larger purchases. Unlike credit cards, prepaid cards do not incur overspending into the exceeding balance. Once your account is all set up and verified, head to the “Buy” section.
It’s important to factor in these costs before choosing this method for your crypto purchases, especially if you plan to invest frequently. Keep in mind that prepaid cards are still less popular, and not all crypto exchanges support them. If you’re looking for a safe and simple way to buy Bitcoin (BTC) with a prepaid debit card, you’re in luck.
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The materials presented on PlutoChain Academy are for informative and educational purposes only. They do not constitute any form of financial, investment or legal guidance. This website does not nor should it be interpreted as an offer or solicitation to purchase or sell any asset, service, or security of any kind. It is encouraged to seek proper independent advice and personal research prior.
Understand crypto with ease
When you confirm the purchase, BTC (or other currency you’ve chosen) will appear on your CEX.IO account. It can be either a popular coin like Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), or any other of 200+ crypto supported on CEX.IO. In the case of Binance, you’ll have 10 seconds to confirm your transaction. The short time window is meant to guarantee against any rate changes that could occur before the order is confirmed.
For security purposes, you’ll need to provide your three-digit CCV number as well. Using BitPay, you can trust that your transactions will be completed securely and with as few fees as possible. BitPay partners with multiple partners to ensure you’ll always get the best possible rates, with no hidden fees or excessive markups.
- Just search Bitcoin, put in the amount of Bitcoin you want to buy, and hit buy.
- Best performed market research during the first stage, deployed mobile login, and integrated biometric security measures.
- 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).
- Before making financial investment decisions, do consult your financial advisor.
Because prepaid cards can not be funded either via online services and payment terminals. The card is loaded with some funds you can spend for online shopping or for contactless payments in a physical store. When you’re going to buy Bitcoin with a debit card, prepaid, or credit card, make sure your bank is crypto-friendly and will allow this kind of transaction. Some banks avoid or even ban all operations connected with digital assets due to a perceived threat to the traditional banking system. Only Visa and MasterCard debit cards can be used to purchase crypto. This exchange, based in Vienna, Austria, is one of the most famous in Europe.
- 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.
- Take time to analyze market trends and movements to decide when to enter the market.
- You can open a savings account and transfer your Bitcoins there to receive rewardst.
- Users of American Express (AMEX) and Discover cards may only have little to no options or may experience card declines.
- Finally, you’ll be presented with a confirmation window that displays your order’s details, including the fiat total, the among of transaction fees, and the exchange rate.
- This is where prepaid cards come in – prepaid cards offer a fast and convenient way to buy Bitcoin without the need for a bank account or credit card.
Prepaid cards, otherwise known as everyday cards, are similar to debit and credit cards, however, the difference is prepaid cards do not rely on a bank or financial institution. Cardholders can load the prepaid card with cash, purchase Bitcoin, and add funds when it’s running low on money. The process for how to buy Bitcoin with a prepaid card works much like any other payment method. Plus, you can control how much to spend, making it a great option for users who want flexibility without linking their bank accounts. Nevertheless, buying crypto with a prepaid VISA or Mastercard, while interesting, is still less popular.
Not many cryptocurrency exchanges support the use of prepaid cards to buy Bitcoin. This makes the options quite limited, and customers may be unable to use their preferred exchanges for this process. BitPay aggregates offers from multiple partners to ensure you get the best possible rate. Once you’ve chosen your preferred offer, you’ll be taken to one of our partner sites to enter your prepaid debit card details and complete the transaction. Your crypto will be sent to your wallet address and available to use near-instantly.
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The platform supports 60+ cryptocurrencies and allows you to buy crypto on its mobile app or your PC. I’ll show you how to buy Bitcoin with a prepaid card on the BitPay app. Users can expect to pay a 0.10% spot-trading fee and a 4.5% fee for debit card purchases.
In the second phase, there is a token launchpad where new tokens can be accessed early. The security of transactions is guaranteed by cross-chain swaps, which run across over 60 networks and use strong anti-fraud protection. Users of The Best Card can use cryptocurrency on services such as Apple Pay and Google Wallet. With two-factor authentication, your cell phone number is used to verify your identity. During the setup procedure, your mobile device will receive a verification code. Furthermore, the application’s architecture makes it easier to handle your transactions effectively.
