Due to the introduction of anti-fraud systems for Bitcoin exchanges in recent years, purchasing Bitcoin has become relatively easy. In spite of this, debit card purchases are typically more expensive than buying Bitcoin using a debit card because these systems are quite expensive to operate. In this blog, we will share a few steps to Buy Bitcoin With Debit Card, that would definitely help you to buy Bitcoin or crypto.
Steps to Buy Bitcoin with Debit Card
Here are some simple steps to buy Bitcoin with a debit card. You need to follow very simple steps but make sure while doing the transaction do not make any mistakes so that you can easily complete your transaction.
Step1:- Install the cryptocurrency app that suits your needs and that allows you to buy or sell cryptocurrencies.
Step2:- Once you install the app, then verify your account and complete the information.
Step3:- Select your name in the top right corner of the screen. The “Settings” menu should appear, then you should see something like this after clicking “Payment Methods” on the menu at the top.
Step4:- Click on the “Debit card” button. Once you click on the button then simply add your debit card information to add funds to your wallet.
Step5:- Now your funds have been added to your wallet. Even after the transaction, you’ll get a notification for a successful transaction.
Step6:- Now another step that you need to follow is to buy bitcoin to your wallet to buy crypto.
This is the simple process that you have to follow to buy Bitcoin or crypto through your debit card. But as we’ve mentioned, that follows the process very carefully.
Also Read:- How To Invest In Bitcoin?
Benefits of Buying Bitcoin with Debit Card
- Debit cards are actually an amazing method of payment because you can use them anywhere. In addition, you can easily track the Bitcoin transactions that you’ve made.
- When you use a debit card regularly, there is no need to carry cash around. If you run out of cash, you can always stop by an ATM and withdraw what you need. In most cases, you will be given cash back when you make a purchase.
- Debit cards are a great way to stay in control of your money. You can only spend the amount you have, so you won’t suffer from high-interest rates or suffocating monthly obligations.
- With a debit card, it is easy to spend more than you have, and you do not have to remember to pay the debit card bill every month. However, you cannot use a debit card when you do not have the funds, because it comes straight out of your bank account. You don’t need to worry about the debt which is really good for you.
- No bulk. Easy to carry in your wallet or purse without the extra bulk.
These are the superb advantages of using a debit card that we’ve shared. Hope you like these amazing advantages.
Where To Buy Bitcoin With A Debit Card?
The options are numerous when it comes to buying Bitcoin with a debit card. There are exchanges that allow you to connect your debit card to your wallet, but there are also wallets like Coinbase & Paxful that allow that. If you have a debit card and you want to buy crypto using debit cards. Then you can simply buy Bitcoin through Coinbase & Paxful wallet by using the debit card.
How To Buy Bitcoin with Debit Card on Coinbase?
Steps to Buy Bitcoin with a debit card on Coinbase
Step1:- First, you have to sign up with Coinbase
Step2:- Go to the payment method section and select debit card
Step3:- Once you select the debit card, then simply update the debit card information on your wallet that you’re currently using.
Step4:- Verify the card by entering card details on your Coinbase wallet. Once you verify the details then move to the next step.
Step5:- Return to the buy page and enter the amount you wish to purchase. Choose a debit card as your payment method. After a transaction is completed, the crypto will be deducted from your bank account.
Also Read:- How To Withdraw Bitcoin To Paypal?
How To Buy Bitcoin with Debit Card on Paxful?
Steps to buy Bitcoin with a debit card on Paxful
Step1:- First, create your account on Paxful wallet. Make sure to fill in all the details carefully.
Step2:- Now go to the payment section and add a debit card while doing the transaction.
Step3:- Then simply update your debit card information on your preferred wallet.
Step4:- Verify the card details on your Coinbase wallet by entering the card details. Once you have verified the card details, continue on to step 5.
Step5:- Select a payment method from the buy page, including your debit card, and begin the purchase process. Your bank account will be charged with the amount you purchased.
Is It Safe To Use Debit Card?
As debit cards are directly connected to your bank accounts, many people fear that they will fall victim to fraud. However, banks have anti-fraud measures in place to keep your card and your account safe. Card issuers are currently using embedded chips, reducing the risk of fraud drastically. Whether or not your merchant’s card reader is chip-enabled depends on whether you have to insert your card rather than swipe it. In addition to PINs and security codes, you can also use them to protect your account.
As we’ve shared every detail about debit cards. Apart from that, we’ve shared the complete process to buy Bitcoin with a debit card that would definitely help you to buy Bitcoin or crypto using a debit card. In any case, if you are still not able to buy Bitcoin using a debit card, then you can simply contact customer support that the exchange you’re using. They’ll definitely help you to resolve your query. Hope you like this information
What is A Debit Card?
Customers can use debit cards for online purchases, at the cash register, or even through a mobile wallet app to pay instead of writing checks directly from their bank accounts. Debit cards include features of both ATMs and debit cards to help them access cash quickly.
Do Bitcoin ATMs take debit cards?
You can access your Bitcoin account through a Bitcoin ATM or kiosk just like you would with a conventional ATM. Traditional ATMs use debit cards. However, in most Bitcoin ATMs, there is no requirement for a debit card.
Is it safe to buy Bitcoin with a debit card?
When you purchase Bitcoins on a trusted exchange, you can use your debit card without fear of fraud. You can easily buy Bitcoin with the help of your debit card without worrying about safety.
What is the best way to buy Bitcoin?
One of the easiest ways to purchase cryptocurrencies is through your PayPal account or by using a bank account or debit card linked to your PayPal account. The second way is through your PayPal balance when buying cryptocurrencies from another party.
What is the cheapest way to buy Bitcoin?
Fiat currency (traditional money, like dollars) can be deposited on most cryptocurrency platforms in a few different ways. There are different fees for funding your account, but bank transfers are generally the most economical. Debit or debit cards usually come with a 2% to 5% fee.