Best Places to Buy Bitcoin With Debit and Credit Card
There are many fiat-to-crypto exchanges that allow you to buy Bitcoin with credit and debit cards. However, these transactions take days to complete due to settlement from one account to another and fraud checks.
To purchase Bitcoin, you need to register with a cryptocurrency exchange and verify your identity by submitting ID and selfie photos. Once verified, you can link your debit card to your account.
Crypto exchange Coinbase
Coinbase is a popular exchange that allows users to buy, sell, and store cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Cardano (ADA). It’s also a good place to start if you’re new to crypto trading.
Coinbase’s platform is safe and secure, with a wide variety of security measures in place. These include biometric logins and passwords, two-factor authentication, and hardware storage for better control of crypto funds and accounts.
But it’s important to note that a number of customer complaints point to the company’s lack of support for hacked accounts and scams, which can leave you out of pocket.
To begin buying bitcoin with your debit card, first you’ll need to link your bank account to your Coinbase account. This is done through a data transfer network called Plaid. Once you’re connected, you can make a purchase with your debit card and then receive your crypto in your wallet.
Crypto exchange Bybit
Bybit is one of the best places to buy and sell cryptocurrencies. It offers a wide range of payment methods, including bank transfers, credit and debit cards, Apple Pay, and Google Pay.
It also provides high transaction limits and quick verification. Traders need to provide basic details such as full name, date of birth, and address. They are then required to lock their account with a strong password.
The service also charges a brokerage fee of up to 5.9% for buying and 2.9% for selling coins, as well as a credit card processing fee. It’s a good idea to withdraw your crypto to a hardware wallet before using it, as this reduces the risk of losing your coins to a hack.
Unlike other exchanges, Bybit doesn’t hold your crypto funds on their platform, so you won’t need to worry about them being stolen or lost. However, this doesn’t mean that it’s completely safe. It’s still a good idea to withdraw your crypto from Bybit https://www.bybit.com/en-US/ to a hardware wallet before sending it to another exchange.
Crypto exchange Bitstamp
Bitstamp is a cryptocurrency exchange that offers users a wide range of coins for trading. It supports euros, US dollars, bitcoin, ether, litecoin, and bitcoin cash.
In addition to offering a high-quality user experience, Bitstamp is also one of the few regulated crypto exchanges in Europe. Its team is highly experienced and compliance-driven, and it has formed links with financial institutions around the world.
Buying bitcoin with Bitstamp is a simple process. Once you’ve registered, you can send fiat money to your account using a credit card or bank transfer. This process can take a few days, but it’s a secure way to get started.
Crypto exchange Paybis
Paybis is a reputable exchange with an easy sign-up process. The platform also offers transparent fees and appropriate KYC/AML requirements.
It also supports the buying and selling of a selection of 10 major cryptos, including Bitcoin, Binance Coin, Ethereum, Litecoin, and NEO. Investors can purchase these coins with one of 47 supported fiat currencies, or by bank transfer.
However, Paybis does not offer an on-site wallet, which can be a drawback for some investors. Moreover, it charges a cash advance fee and an exchange rate fee for crypto transactions, which may increase the costs of using its services.
The UK-based exchange has been in business for 7 years, and its parent company is a regulated financial services provider. This ensures that users’ data is safe and secure. The site also has a strong social media presence and a dedicated support page.