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Use Credit or Debit Card To Buy Bitcoin Instantly In 2021

This article outlines exchange sites that allow payment through debit or credit card.

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Buying Bitcoin can seem like a daunting task. However, that is not true. Why? Many cryptocurrency exchanges across the globe have provided ways by which their customers can buy Bitcoin with ease. In fact, the process is instantaneous, safe, and efficient for users. With a debit or credit card, you can get your Bitcoin within the comfort of your room through these exchange sites in the simplest way. This article outlines exchange sites that allow payment through debit or credit card. Before then, let’s take a look at what debit and credit card mean.

WHAT IS CREDIT AND DEBIT CARD?

A credit card is a card issued by a financial institution (bank) to enable the cardholder to borrow funds from the bank. Most times, the funds borrowed are up to a certain limit in order to use for financial purposes. The cardholder pays back the borrowed funds with interest in line with the bank’s terms and conditions.

Meanwhile, a debit card is a card that enables financial transactions from the owner’s account. Debit cards allow the withdrawal of funds from the amount of money you deposit in a particular bank. Most times, major payment processors like Visa and MasterCard remain the issuer of these cards.

5 WAYS TO BUY BITCOIN WITH DEBIT OR CREDIT CARD INSTANTLY

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The following exchanges allow you to buy Bitcoin with your debit or credit card instantly. It offers a fast, smooth and secure experience for its users.

  1. COINBASE

Counbase is one of the world-leading exchange sites that facilitates the buying, selling, and trading of cryptocurrencies. With a friendly and world-class user interface, it supports millions of customers with financial transactions involving cryptocurrency. Backed up by potential investors, it has a mobile app that is available for both Android and IOS users. To promote security for its users, Coinbase stores less than 2% of users’ crypto assets online and keeps the rest in offline storage.¬†

When buying using a VISA or MasterCard, users can buy Bitcoin in small amounts and withdraw through their bank accounts, wire transfer, or Paypal. However, Coinbase charges a processing fee of 3.99% for card transactions. 

Here is a simple step to buying Bitcoin on Coinbase through your debit or credit cards. However, you just ensure that you have verified your identity before using credit or debit cards.

  • Create a Coinbase account by registering your email and phone number.
  • Go to settings, click on “payment method”, and then select “add payment method”
  • Click on the “Credit/Debit card” option.
  • Input your card’s information and type in the amount of Bitcoin you will like to purchase.
  • Then, you will receive your Bitcoin in your Coinbase wallet.
  1. CEX.IO

CEX.IO is another trusted Cryptocurrency exchange with millions of customers worldwide. It accepts the use of debit and credit cards and boasts of multiple parent methods including, SWIFT, SEPA, and more. Coinbase accepts fiat currencies like USD, GBP, EUR, RUB for the cause of Bitcoin. With a mobile app for its Android and IOS users, it offers standard security, high liquidity, and numerous trading features on its platform. 

Coinbase also accepts the use of VISA and MasterCard when using debit or credit cards. However, it charges a processing fee of 2.99% for card transactions.

HOW TO BUY BITCOIN ON CEX USING YOUR DEBIT OR CREDIT CARD

  • Create a CEX account.
  • Go to the “Cards” tab on the menu, and select “Add a new card.”
  • Enter your card information and Click proceed.
  • Then, you will have to verify your card and identity.
  • After completing the verification process, click on “payment card.”
  • Enter the amount you will like to deposit and place the order.
  1. BINANCE

Binance is arguably the world’s leading cryptocurrency exchange. Supporting millions of customers, it offers a platform that facilitates the purchase, sales, and trading of cryptocurrencies. It supports various payment methods including, debit and credit cards and offers a low processing fee. However, it is unavailable for US citizens. With a simple user interface, its mobile app is available for Android and IOS users.

HOW TO BUY BITCOIN ON FINANCE WITH DEBIT OR CREDIT CARD 

  • Select “Buy with Cash” from the home screen
  • Select “Credit/Debit card”
  • Click on the “USD” option to open the list of supported fiat currencies
  • Choose one of the currencies and enter the amount of BTC you intend to buying
  • Check the amount and select “Confirm” at the bottom of the screen
  • Once it is confirmed, your purchased Bitcoin will be transferred to your Binance Spot Wallet
  1. COINMAMA

Coinmama is another cryptocurrency exchange that allows users to buy and sell cryptocurrency. It offers various methods of payments that include bank transfer, debit or credit card, or bank account. With Coinmama, Bitcoin is for sale through different packages. However, you can specify the amount of Bitcoin you wish to purchase. One thing to note about Coinmama is that it doesn’t provide a digital wallet where you can store your purchased Bitcoins. Instead, you have to provide a wallet address where you will send your Bitcoins. The processing fee for Coinmama is 5%.

HOW TO BUY BITCOIN ON COINMAMA

  • Create a Coinmama account with your email
  • Click on the “Bitcoin” option on the home screen
  • Various packages will be shown to you. Choose your preferences or enter the amount of BTC you wish to buy
  • Enter your wallet address to receive Bitcoin
  • Then, input your card information. Select “Pay Now” to confirm your order
  1. BITIT

BitIt is a France-based exchange that allows the buying and selling of crypto assets. It supports many fiat currencies and lists many cryptocurrencies on its platform. Also, it provides a level of security that protects users’ data. It also offers various methods of payment. To buy Bitcoin on BitIt, users have to complete the verification process by providing documents such as current bank statements, proof of residency, a form of identity verification, and a selfie. BitIt also charges a processing fee of 3.9% for card transactions.

HOW TO USE BITIT

  • Create a BitIt account
  • Fill up your profile and complete the verification process.
  • Go to the “Buy” tab and select Bitcoin as the crypto of your choice. Then, choose “Credit/Debit Card” as your payment method.
  • Enter the amount you wish to purchase.
  • Select a wallet address to receive your Bitcoin. If you have a hardware wallet, you can connect it to your device for instant processing.
  • Enter your card details and finalize your order.
  • You have successfully purchased your Bitcoin.

CONCLUSION

Every cryptocurrency exchange provides valuable crypto-assets for its users. Consider the exchange site based on your country’s financial regulation and select the one that suits your needs.

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AUD 2021: Buying Bitcoin Easily In Australia – How To Start

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Australia has become a booming market for digital currencies. Since its adoption in 2013, many Australian investors have put their pennies in the market. Today, Australia is a notable market by becoming the 13th largest market for the BTC market. With progressive regulations and policies in place, buying Bitcoin with the Australian Dollar (AUD) requires no stress with legalized cryptocurrency exchanges. In this article, you will learn how to buy Bitcoin through the best Australian Exchanges.

TOP AUSTRALIAN EXCHANGES TO BUY BITCOIN

  1. SWYFTX

Swyftx is one of the best Cryptocurrency exchange platforms in Australia. It allows users to buy, sell, or trade over 200+ cryptocurrencies with the AUD. Registered by AUSTRAC, it offers users simple ways to invest in crypto assets. With Swyftx, you have access to charts, leverages, funding, and many other advantages. Since the platform was created to help users invest with ease, Swyftx has partnered with global exchanges to provide liquidity across various trading pairs. It operates to find the best prices in AUD and give low spreads to users. It has a desktop and mobile app designed for interested investors to aid their trading activities. Unlike other exchanges, you don’t have to wait for hours before completing the verification process. To get started with Swyftx, create an account here.

FEATURES

  • Fast verification process
  • Supports payment methods like Bank Transfer, Credit Card, POLI, and PayID
  • A trading fee of 0.6%
  • Deposit and Withdrawal costs $2 for transactions of less than $200
  • Mobile app for Android and iOS users
  • High liquidity
  • Simple user interface
  1. BINANCE

Binance is one of the world’s fastest¬† exchange sites with over 200+ cryptocurrencies. It gives users access to buy, sell, or trade with several cryptocurrencies or hundreds of trying pairs. It offers instant deposit and withdrawal with PayID/Osko. With Binance, you have access to numerous features such as spot and margin trading, derivatives and leverage tokens, secured wallets, crypto loans, and staking, trading charts, and more. It accepts different payment methods including, bank deposits and cards. As for trading fees, it is 0% – 0.1% of your transaction. To get started with Binance, create an account here.

FEATURES

  • Offers 200+ cryptocurrencies
  • A low trading fee of 0.1%
  • Multiple trading pairs
  • Spot, margin, and futures trading options
  • Very high liquidity
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  1. DIGITAL SURGE

Digital Surge is an Australia-based cryptocurrency exchange that is viable for beginners investing in cryptocurrency. With over 200+ cryptocurrencies, users can buy, sell, or trade using the Australian Dollar (AUD). It offers a simple verification process that allows users to buy or sell cryptocurrencies through guided steps. With its portfolio viewers, users have access to view the overall investment performance and know which coin is doing best or not. It charges a flat fee of 0.5% and also supports different payment methods. It allows users to pay their bills via cryptocurrencies. To get started with Digital Surge, create an account here.

FEATURES

  • Best crypto exchange for beginners
  • Mobile app for Android and iOS users
  • A flat fee of 0.5%
  • Supports payment methods via POLi, PayID, deposits, and BPAY.
  • 24/7 Customer support
  1. COINJAR

COINJAR is another cryptocurrency exchange that supports the buying and selling of digital currencies through the Australian Dollar. With over 400,000 users, it is a suitable platform for beginners and advanced users. It offers varieties of crypto products such as crypto debit cards, crypto EFTPOS cards, and secured wallet applications for mobile devices. It accepts multiple payment methods and charges a flat fee of 1% COINJAR also offers top-notch security for its users by storing their funds in an offline cold wallet.It provides extra security measures by protecting user’s information through data encryption, Transport Layer Security (TLS), and more. Its mobile app is available for Android and iOS users. 

FEATURES

  • Simple user interface 
  • Supports multiple payment method such as bank transfer, bank cards, deposits, SWIPE, BPAY, and more
  • A flat fee of 0.2% – 1%
  • Advanced security system
  1. CoinSpot

Established in 2013, CoinSpot is another Australian exchange site that supports the buying and selling of digital currencies. With over 200+ cryptocurrencies, it supports various payment methods such as cash deposits, wire transfers, POLi, BPAY, PayID, and more. It charges a trading fee of 1% and offers OTC for large investments. CoinSpot simplifies investments by offering different packages for crypto-assets. Each package is in different categories such as Top 3, Top 10, Privacy coins, and more. Also, CoinSpot stores clients’ funds with utmost security until it is transferred to a hardware wallet. Its mobile app is available to Android and iOS users. To get started with CoinSpot, create an account here.

FEATURES

  • Offers a wide range of cryptocurrencies
  • Top-notch security that meets ISO standard
  • A flat fee of 0.1% & 1%
  • Over the Counter (OTC) Support for large investment
  • Supports payment methods such as cash deposits, bank transfers, POLi, BPAY, PayID, and more.

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