Know How You Can Easily Buy Cryptos Using Bank Cards
In the initial phase, buying and selling cryptocurrencies were more complicated than you might have thought. For a more extended period, cryptocurrencies were a tricky genre to be decoded until lately, with the massive usage of the various aspects of cryptocurrency, it became a lot easier. Now cryptos offer more options than ever to buy them easily. The best part is that now you can easily buy cryptocurrencies with your bank cards.
There are several good cryptocurrency platforms that ease out the pain of hectic crypto purchases with the introduction of paying through your bank cards. In this article, we will see the various platforms that offer you to purchase crypto with the help of bank cards quickly and safely.
Coinbase
Coinbase is probably one of the best and well-reputed platforms for the people to buy and sell their cryptocurrencies easily. Also, the platform makes it possible for the users to buy and sell their crypto holdings with the help of their bank cards, that is, their credit or debit cards. Although the event of purchasing digital currency with the help of bank cards is relatively a new event, the platform has enabled its peers to buy and sell crypto for the longest time possible.
So, in order to buy or sell your cryptocurrency holdings via this platform, you would require an account with the platform. If you do not have one, you need to open an account in the first place. Additionally, you will also have to keep an ID handy alongside your bank card that you will link to your account on the platform. Apart from the bank cards, there are a couple of more options to choose from when you want to conduct a sale or purchase of your cryptocurrencies via Coinbase, such as PayPal and bank account. The fee for buying cryptocurrency on the Coinbase platform with the help of a bank card is 3.99% of the transaction.
CEX.io
CEX.io boasts of over three million people joining its platform to buy cryptocurrencies easily. The platform has also gained much user base owing to the fact that it permits the buy and sale of crypto coins with the help of bank cards. This has made it easier for people who want to conduct purchases or sales via bank cards. This means that the more options opened for transactions, likely it is that more people will join a platform.
All you would ever need is to have an account on the platform to get started. If you do not have an account in CEX.io, you need to create one, and the process is pretty straightforward and takes just a couple of minutes to get completed.
The platform allows you to buy a wide range of cryptocurrencies such as Bitcoin, Ethereum, Dash, Zcash, and Bitcoin Cash. You can choose to conduct your transaction through the bank cards like credit cards or debit cards or via bank transfer. The platform was established in 2013, and since then, it has become one of the most preferred crypto trading platforms.
CEX.io has levied a fee of 2.99% to buy cryptocurrency using a bank card.
Coinmama
The next one on the list is Coinmama, and it is no different than the other platforms that have been discussed earlier. If you are planning to buy cryptocurrencies from the platform using bank cards, you are lucky enough to know that it would take just a few minutes to be done. Just visit their website, and you will find a couple of banners that will tell you exactly how to proceed if you are going to buy or sell your cryptocurrencies with the help of bank cards. You can also see how much you are eligible to receive for your own chosen amount, say, for example, €1000.
Like all other websites, you will require an account with the website to get started with the transaction using bank cards. If you do not have one, you need to set up an account which will take just a few minutes to be completed. The process is straightforward and similar to most of the other websites that have been discussed here in this article.
Purchasing cryptocurrencies through Coinmama is very easy. When you have your account ready, you will only need your bank cards to get started. Also, take a note that you will need a wallet to send your funds to. The fee for buying digital currencies on the platform with your bank cards is 5.90%.
Changelly
Changelly is one of the many popular platforms that enables you to buy and sell your crypto holdings. The platform has grown enough to become a commonly used option for cryptocurrency investors seeking to buy cryptocurrencies easily. Additionally, the platform also enables crypto investors to swap their cryptos against other options very quickly and with little effort. Bank cards can be used for transactions on this platform.
To do so, you will need to visit their website and then choose the option "Buy with a bank card." Then you need to decide which type of crypto to buy. It is important to note that before making any transaction, you need to have a wallet ready for sending your funds. You can also create a crypto wallet pretty smoothly on this platform.
Also, note that you need to have a crypto-specific wallet for which crypto you want to purchase. For example, if you're going to buy Bitcoin, you need to have a BTC wallet, and if you want to buy Ethereum, you need to have an ETH wallet. You need to select the wallet and the amount you want to spend for purchasing a particular crypto. Changelly levies a fee of 5% and a Simplex fee of 5% (minimum $10).
Bitpanda
Since its launch, Bitpanda has grown immensely and much quicker compared to many of the platforms that exist today. It is now one of the most preferred options for the Europeans looking forward to buying cryptocurrencies rapidly. Apart from bank cards, there are various other payment options that you can consider for ease of transaction.
To start off, you need to visit the official website of BitPanda and get started if you already possess an account with them. If not, you have to create an account that consumes only a few minutes. When you have done all the procedures, you can get started with buying cryptocurrencies using a bank card. You can also find a range of exciting altcoins like Bitcoin Cash (BCH), Litecoin (LTC), IOTA, EOS, NEO, OmiseGO, and many more.
Sadly, BitPanda is currently available to European citizens. The platform also accepts a massive range of fiat currencies to pay for, such as EUR, USD, GBP, and CHF, to name some.
The fee for buying cryptocurrencies with a bank card on the platform is 1.49% which is the cheapest compared to the other options on the list.
Paybis
Paybis might be known to many, but you can be completely unaware of such a platform. It is p[opularly a UK-based cryptocurrency exchange that has been aiding people in exchanging digital currencies since 2014. More specifically, the platform has been well known for its support of various payment methods, including bank transfers, bank credit or debit cards, and e-money services.
Additionally, the platform also offers the possibility to buy and sell Bitcoin anonymously utilizing some of the known payment methods such as Payeer and Advanced Cash. One of the many features people often fall for about this platform is that Paybis is much more responsive. It possesses a multilingual support team that is online at all times and helps users with their queries. In the case of ID verifications, it will consume just 5 minutes to complete.
Talking about the fee structure, the fee levied on this platform starts at 1.5% per transaction and is primarily dependable on the payment method that a user chooses.
These are the top platforms that let you trade your cryptocurrencies much easier than you might have thought. All of the platforms have support for bank card payment, be it a debit or a credit card. The payment methods are not limited solely to the ban cards bar goes on far beyond to cash transactions and various other modes as well, which is definitely a plus point.