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How to Buy Bitcoin with Debit Card


Buy Bitcoin with a Debit Card | Guide

With the rapidly growing popularity of Bitcoin, the biggest hurdle in making it more accessible has been giving users the opportunity to buy and trade instantly.

Purchasing Bitcoin by debit or credit card used to be very difficult, largely due to the irreversible nature of cryptocurrency, as well as sellers wishing to avoid chargeback issues. Historically, exchanges have accepted many different types of payment, and as 2017 has seen a surge in Bitcoin’s popularity, several prominent and legitimate exchanges have begun accepting debit and credit cards as a form of payment.

However, buying Bitcoin with a debit card can still be a confusing process for new users. Here, we’ve collected the top 5 exchanges on the market today, and we’ll walk you through the process of how to buy Bitcoin with debit card.

Before We Begin!

You’ll want to set up a Bitcoin wallet. You should avoid leaving your Bitcoins at an exchange or on a website at all costs, and instead transfer them to your wallet immediately. There are many online guides that will take you through the initial set-up of a wallet.

If you've already got one and are trying to figure out how to buy Bitcoin with debit card instantly, look no further. Below, we’ll guide you through a few popular websites that let you buy Bitcoin with your debit card.

Coinbase

As the world’s largest Bitcoin exchange, Coinbase lets US users purchase up to $150 a week worth of Bitcoins by debit card.

The exchange charges a 3.99% flat fee for all debit card purchases, which is among the lowest for US users. You’ll also receive a $10 Bitcoin bonus when you buy more than $100 worth.

As the world’s largest Bitcoin exchange, Coinbase lets US users purchase up to $150 a week worth of Bitcoins by debit card.

The exchange charges a 3.99% flat fee for all debit card purchases, which is among the lowest for US users. You’ll also receive a $10 Bitcoin bonus when you buy more than $100 worth.

To get started buying Bitcoins by debit card on Coinbase, here’s a quick step-by-step guide:
  • Open an account on Coinbase.
  • Connect your debit card to your profile.
  • Verify your debit card.
  • Once the card is confirmed, you can start buying and selling Bitcoins instantly.
PROS
  • Established reputation
  • User-friendly design
  • High liquidity and buying limits
  • ”Instant Buy” available
CONS
  • Coinbase may track your Bitcoin transactions
  • Not available worldwide

 

CoinMama

CoinMama is another popular Bitcoin exchange that allows users to purchase instantly by debit card. 

You’ll be charged a premium fee of approximately 6% for their services, but they offer incredibly high limits. If you’re looking for how to buy Bitcoin anonymously using a debit card, Coinmama will let you buy up to $150 worth without verification. For verified accounts, you can purchase up to $5,000 worth of Bitcoin per day and up to $20,000 per month.

Once you verify your account and make a purchase, you will see your Bitcoins within a few minutes.

PROS
Reliable and trusted exchange
Highest limits for purchasing with a debit card
Works in almost all countries
Good customer support

CONS
High fees
Only available in some US states

Cex.io

Cex.io is one of the oldest Bitcoin brokers in the United States, and provides service to over 450,000 users. Once you set up an account and verify your card, you will be able to buy Bitcoins instantly.

Cex.io also allows you to deposit and withdraws funds with the cards linked to your profile instantly. Requests are processed automatically, giving you convenient access to withdrawn funds straight away.

PROS
Low fees
High limits
Works in many countries

  • CONS
    Higher exchange rates
    Long verification process
    Only available in some US states

How To Buy Bitcoin With Debit Card Anonymously

If you’re looking to buy Bitcoin with your debit card and no id, CoinMama is the only exchange we know that will not require a photo ID. You’ll be able to purchase up to $150 worth of Bitcoin there without a verified ID.

Buying on CoinMama is a relatively simple process, and they will ask for SMS and email confirmation. You may need to upload a selfie of you holding your credit card, though most users won’t be asked. After making a payment request, you should see the Bitcoins in your wallet in about 20 minutes.

Buying Bitcoin With No ID Or Verification

Another option for buying Bitcoin with no id or verification is through a Bitcoin ATM. Bitcoin ATMs work similarly to regular ATMs, but instead of providing local currency, they will deliver Bitcoins to your wallet after inserting cash.

There are many different Bitcoin ATMs operated by a number of different companies, and most require no ID or verification process whatsoever. They provide users with privacy but do charge a 5-10% mark-up.

You can also purchase Bitcoins with no ID on LocalBitcoins, a peer-to-peer marketplace similar to eBay. Through LocalBitcoins, buyers and sellers can set up a trade of Bitcoins for cash. BitQuick is a similar service that facilitates the exchange of Bitcoins for cash. Once a trade is agreed on, BitQuick acts as an escrow once the seller confirms payment.