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How To Purchase Bitcoins Instantly With Debit Or Credit Cards

Author: Mohamed Fareed
by Mohamed Fareed
Posted: May 28, 2020
credit card

Though many consider purchasing bitcoin as difficult, it's very simple. It’s important for people new to bitcoin to know the places to purchase bitcoin and how to go about it. It’s very convenient to buy bitcoins using debit and credit cards. Is there a price to be paid for this convenience? Yes. Numerous cryptocurrency exchanges are going to charge something like 4% for card purchases. Those who have no urgency can use their bank account to purchase bitcoins. In this way, they will not have to pay the 4% fee. Below, we list five exchanges for purchasing Bitcoin with a debit or credit card.

Coinbase

Coinbase is a very reputable Bitcoin exchange. People need to link their preferred payment method, and they are set to purchase bitcoins. The 3.99% credit and debit card purchase fees of Coinbase is competitively lower than the average. Purchase limits on the platform depend on the accounts verification level, and the highest tier of verification allows a daily purchase of $50,000. Coinbase is ideal for beginners with a user-friendly interface and fast registration process. How to buy bitcoin with debit card or credit card instantly on Coinbase involves some easy steps.

Bitpanda

Bitpanda offers various payment methods and cryptocurrencies. Just customers in Europe can purchase cryptocurrencies on this exchange at very viable rates and fees. The exchange has a user-friendly interface and thus is ideal for people new to cryptocurrencies. Besides credit cards, the exchange allows Sofort transfers, Skrill, EPS, Neteller, SEPA transfers, Giropay, and OBT. The purchasing fee on Bitpanda is 2.99%. Based on the verification level of users, they can purchase diverse amounts of cryptocurrency. This cryptocurrency exchange is ideal for people in Europe.

Bitstamp

Bitstamp allows more than debit and credit card buying. People can also purchase with a SEPA transfer, bank transfer, and more. However, the exchange is excellent for credit and debit purchases with a user-friendly interface. Like most other exchanges, people who wish to purchase with Debit card require identity verification. Following account verification, people need to link their debit card to make purchases. The exchange has a fee system for Credit card purchases. The fees are 8% to 5% for a maximum of 500, 1000, 2500, and 5000 Euro purchases. Thus, prices that Bitstamp offers are low compared to many other services with some charging over 5% for credit card processing.

Coinmama

Coinmama is an excellent option for purchasing Bitcoin and other cryptocurrencies with excellent customer support. The exchange supports numerous countries and almost all US States. The fee for credit and debit purchases is approximately 5%. The purchasing limits are high at up to $5,000 and $20,000 daily and monthly. How to buy bitcoin with debit card or credit card instantly here is easy.

EX.io is an excellent place for buying bitcoin with credit or debit cards. The advantages of this exchange are high liquidity, strong security, and cross-platform trading with their mobile app, website, and API solutions. The exchange also lets people margin trading. As of now, EX.io supports 24 states in the USA and 99% of countries. The platform will support more US states soon.

About the Author

Fareed is a graduate of computer science engineering, a writer and marketing consultant. he continues to study on Nano technology and its resulting benefits to achieving almost there.

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Author: Mohamed Fareed
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Mohamed Fareed

Member since: Feb 11, 2017
Published articles: 790

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