How to Buy Bitcoin With Debit Card

Updated by Loren Oller verified symbol on August 18, 2022

There are many reasons why people choose to buy Bitcoin with a debit card. The most popular one is its overall availability. Moreover, online exchanges usually accept popular debit card brands, so there are plenty of options.

This guide will show you how to buy BTC using a debit card and centralized cryptocurrency exchanges. We'll also briefly analyze the five most popular trading platforms that accept cards to help you choose the best option for you.

Why Buy Bitcoin With a Debit Card

Debit cards are one of the most popular payment methods in the world. It doesn't matter whether you prefer Visa, Mastercard, American Express, or any other popular brand, as you will likely be able to buy cryptocurrencies with all of them. Most centralized exchanges accept debit and credit card deposits. Once your funds are in your balance, you can buy Bitcoin, Ethereum, and many other digital currencies.

Besides availability, these cards are very convenient. All you need to do is enter your card details and confirm your transaction to make a deposit. The entire process doesn't require any technical knowledge. If you have experience paying anything with a debit card online, then chances are you'll understand how to do it to buy Bitcoin.

5 Steps to Buy Bitcoin With a Debit Card

Buying Bitcoin with a debit card is easy if you have a bank account and a debit card connected to it. If you're on this page, you're probably already a debit card owner, so let's check the next steps you need to take to buy Bitcoin.

  1. Select a cryptocurrency exchange — The crypto exchange market has become quite competitive, meaning there are dozens of options accepting Bitcoin. However, not all of them are good for you, which is why we took the liberty of selecting the best ones and featuring them in this article. Feel free to read more about them below and pick the exchange that meets your needs.
  2. Open an account — All exchanges that accept debit cards are centralized platforms, meaning they're operated by a centralized organization that has to be compliant with various regulations. Because of that, it's necessary to become a registered member and even provide additional details as a way for platforms to prevent money laundering and other illegal practices. In addition to standard credentials, you might be required to go through KYC and provide your proof of residence, ID, or other personal documents.
  3. Deposit using a debit card — Registered members need to find the Deposit option on the exchange and pick a debit card. After that, the process is similar to purchasing anything online with a card. You need to enter your card number, expiration date, and security number located at the back of your card. Finally, you'll have to confirm your payment by entering the random number that you have received from your bank via phone messages into the form.
  4. Buy Bitcoin — Once your deposit is through, you need to buy BTC. Find the option to buy bitcoins with fiat money and enter the amount you'd like to purchase. Once your order is set, place it, and the exchange will quickly execute it.
  5. Withdraw BTC to your Bitcoin walletCrypto wallets store your cryptocurrencies safely. They can even be used as a payment method to make purchases in online shops that accept crypto. Once you obtain a wallet, you'll get to withdraw your BTC from the exchange. Use your wallet address in the designated field in the exchange and confirm your withdrawal.

Our Top 5 Crypto Exchanges - How We Picked Them

As mentioned, there are numerous exchanges online, as crypto trading has been a viral and competitive market. Therefore, our team has decided to narrow down the selection by analyzing all the popular platforms. In order to do this, we used them as customers for a while. 

Here's a list of the things we paid attention to before selecting our top five.

  • Security — We ensured that all featured platforms boast the latest security protocols and have a successful history of fending off cyberattacks. Therefore, all these platforms can be considered highly secure for anyone interested in buying Bitcoin with a credit card.
  • Liquidity — A liquid exchange is a platform with many traders where you don't have to wait for a long time to find an adequate buyer/seller. In fact, all the sites listed below are top-rated and can help you buy BTC almost immediately.
  • Fees — All exchanges have fees, so there's no chance to avoid them. Some of the exchanges charge higher fees than others, and we've listed those that offer the best price/quality ratio. We still suggest checking the individual costs of listed platforms to learn which one suits you the most.
  • Payment methods — All selected platforms accept debit cards for payments, in addition to several other payment options. 
  • User experience — These platforms feature a great experience for users. However, some are more oriented towards beginners, while others target professional traders. Suppose your goal is just to buy Bitcoin — in that case, you'll be able to get around on most crypto exchanges. However, if you plan on trading cryptocurrencies actively, you might require additional experience on some sites.
  • Transparency — All cryptocurrency exchanges on the site are as transparent as possible while still protecting your privacy.

eToro - Best for Security

eToro is a global trading platform focusing on so-called "social trading." However, it's not exclusively a crypto trading site, as it also covers many other assets. Its headquarters are in Israel, and it was established in 2007 by Ronen Assia, Yoni Assia, and David Ring. eToro is a great platform for anyone looking to obtain their first batch of bitcoins using a debit card. It features a range of security protocols that effectively make it one of the most secure options on this page, especially if you're using cards for depositing fiat funds.

  • Easy to use and adapted for beginners
  • Allows "social trading," thanks to which can copy the trading patterns of popular traders
  • More than 3,000 assets available for trading, including Bitcoin
  • Tiered status for active investors with great perks
  • Safe and secure
  • Service not available in many countries
  • Slightly pricier compared to many competitors

Coinbase - Best for Beginners

Coinbase was launched in 2012, with the US being its primary market. It gradually expanded to 36 other countries. It's a huge exchange, and it accepts a range of fiat deposit and withdrawal options for registered users.

Coinbase is currently one of the most popular exchanges in the world. It comes in two versions, Coinbase and Coinbase Pro. If you're new to the world of crypto trading, there's no need to explore the Pro version for now. The standard version is very easy to use and intuitive.

  • One of the most beginner-friendly platforms
  • Supports plenty of cryptocurrencies besides BTC
  • Highly regulated and secure
  • Lower fees on Coinbase Pro
  • Higher transaction fees for the standard Coinbase version
  • Slightly unresponsive customer service

Binance - Best for Cryptocurrency Variety

Created by Changpeng Zhao, an experienced Chinese software developer, Binance was founded in China but moved its headquarters to Seychelles after China banned Bitcoin.

Binance has been widely regarded as one of the largest exchanges in terms of trading volume. Moreover, the popular platform features a vast number of cryptocurrencies, so if you want to start actively trading your BTC for other cryptos, Binance might be a good platform to look into.

  • Low crypto trading fees
  • Vast selection of coins available for trading
  • Plenty of additional trading services
  • Useful educational content available via Binance Academy
  • Account verification process not always smooth
  • Blocked in the US but available in many other countries

Kraken - Best for Low Fees

Established in 2011, Kraken is one of the largest exchanges in the US. Its headquarters are located in San Francisco, California, and Payward, Inc. owns it.

Kraken is another great platform suitable for both beginner and professional investors. In addition to spot trading, the platform also supports cryptocurrency futures. Its low fees for buying Bitcoin with debit cards are why it has made it to our top five list.

  • More than 120 cryptocurrencies supported
  • Beginner-friendly user interface
  • Low transaction fees for buying Bitcoin
  • Amazing liquidity
  • Great security protocols
  • Availability limited to a handful of countries
  • Not the best selection of educational materials

Gemini - Best for User Experience

Gemini is also an excellent choice for beginners and experts alike. It features top-notch security and a range of available coins for trading. On top of that, Gemini has a hot wallet of its own, offering additional insurance for your funds.

  • Fantastic user experience and interface for smooth trading
  • Great security protocols
  • More than 50 cryptocurrencies at your disposal
  • US-facing and available in all states
  • Slightly higher fees compared to some other crypto exchanges
  • Not available in many countries

Buying Bitcoin With Debit Cards - Trust and Security

Using debit cards online always poses a certain risk. That's why you need to be careful where you leave your card number. For starters, the site must have SSL encryption. If it doesn't, your browser will probably let you know. The good news is that the platforms featured in this article have all the necessary security protocols, starting with SSL encryption. 

Moreover, they all have various systems to protect your funds from cyberattacks. Still, no matter how cutting-edge these systems are, they aren't as great as keeping your Bitcoin in your BTC wallet. Therefore, we advise withdrawing bitcoins from the exchange as soon as you've obtained them — provided you don't want to trade them further for other available cryptocurrencies, of course.

FAQ

Can I use my debit card to buy Bitcoin?

Yes, it's possible to use credit and debit cards to purchase BTC. The majority of centralized exchanges accept debit cards as methods through which you can deposit your fiat currency and use it to purchase BTC. All major card brands are usually supported, including Visa, Mastercard, and American Express. However, make sure to check this before opening an account. If you don't consider debit cards reliable, you can always use other payment options to buy Bitcoin, such as PayPal.

Can I buy Bitcoin without debit card verification?

Buying BTC with a debit card requires opening an account on a centralized exchange. On top of that, exchanges reserve the right to ask you to verify your identity by providing an identification document, such as an ID, proof of residence, passport, and more. Verification is an important step to prevent money laundering and other illegal operations, so it's safe to say that it's not possible to buy BTC without a debit card verification.

Am I safe when buying crypto with debit cards?

As long as you stick to official and regulated crypto exchanges, you don't have to worry about your safety when using debit cards. That said, if you decide to research available exchanges on your own, make sure to learn more about their security protocol and their history of cyberattacks (and how successful or unsuccessful they were).

What is the best exchange to buy Bitcoin using a debit card?

It all depends on what you expect from an exchange. Some people prefer using beginner-friendly exchanges with no complex trading features, as their goal is only to buy Bitcoin once and "hodl" it. Others are more interested in active trading, thus opting for exchanges that might not be as easy to use but have many features to explore. Also, you need to know what to expect in terms of fees. Are you interested in the most affordable option or the best price/quality ratio? After answering these questions, refer to our list above and choose the ideal trading platform for you.

What are the average fees on crypto exchanges when buying BTC with a debit card?

It's no secret that using a credit/debit card isn't the most affordable option. On average, you might expect anywhere between 3% to 5% on your Bitcoin purchase.

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Loren Oller
Loren Oller verified symbol Author
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I consider myself to be an avid guitar player, sports enthusiast, and a big fan of blackjack and social casinos. My task is pretty easy to resume.. make sure you are well informed on all US casinos that might interest you. I've been writing reviews based on my experiences for a while and I'm happy to say that my work will truly help you even if it's just by telling you the legal gambling laws of a state or the top games that are trending right now!
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