Purchasing cryptocurrency has been made easier with the use of traditional debit/credit cards. Digital assets such as BTC, ETH, USDT, DOGE and so can be bought on crypto exchanges using these cards.
Debit cards have been used instead of cash in our world today which has made its popularity grow than before. Today, you can use your Debit Cards to withdraw cash from ATMs and always make transactions on both online and offline stores, from anywhere in the world.
In this post, we’ll look at the top places where you can buy cryptocurrencies with your debit card. Before then, let’s learn more about debit cards.
What is Debit Cards?
A debit card is one of the most widely used types of bank cards (usually made of plastic). They differ from prepaid cards in that they are linked to your bank account. The money is debited from your bank account when you swipe it.
Debit cards ensure quick transactions and allow you to make purchases with money in your account rather than cash. Companies such as Visa and MasterCard issue these cards to their customers through banks.
They can also be used in any store or establishment that accepts Visa or MasterCard. There is no interest rate charged for using this card, but there may be other fees associated with it, such as maintenance fee, an ATM fee, and so on.
Top places to buy crypto with debit cards
How To Buy Crypto With Debit Cards
You can use your debit cards to buy your choice crypto asset on cryptocurrency exchange. You’ve to create an account with the crypto platform while your digital wallet is needed to store the asset when transaction is completed.
If you’re buying a crypto asset like USDT with your debit card on exchange like Binance, here’s how to go about it below;
- To get started select “Buy with cash” from the home screen.
- Next, select “Credit/Debit Card”.
- Tap “USD” to open the list of supported fiat currencies available.
- Type the name of your fiat currency in the search bar or scroll through the list to select your local fiat currency.
- Enter the amount of the selected fiat currency you wish to spend and tap “BTC” to select USDT
- Add a new card” or select the card you wish to use for the purchase and then tap “Buy”.
- Check the amount you wish to spend is correct and then tap “Confirm” at the bottom of the screen.
- The transaction is completed and the purchased USDT would be deposited to your Binance Spot Wallet.
Top Places To Buy Crypto With Debit Cards
1. Coinbase
Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency. The platform allows buyers to make use of the debit card to purchase any of the crypto coin listed on its platform.
2. Changelly
You can buy your crypto asset while using your debit card on Changelly within minutes. When you chose the crypto you wan to buy, then enter your crypto wallet address, credit or debit card and ID details. The transaction is complete when you proceed, and find your purchase in your wallet.
3. Binance
Binance is one of the leading cryptocurrency exchange in the world. You can use your debit/credit cards to make purchase of your digital asset on this platform in a short time. The platform also have a crypto debit card which does everything your traditional debit card does at zero fee.
4. Bitpanda
Bitpanda in cooperation with the leading payment technology, Visa, allows you to spend cryptocurrency, metals, stocks and fiat money with the tap of a card.
5. Prestmit
Prestmit is one of the top digital exchange platforms in Nigeria. The company deals with gift card exchange as well as crypto trading. You can purchase cryptocurrencies such as Bitcoin (BTC), Dogecoin (DOGE), Tether (USDT), and Litecoin (LTC) using your debit cards.
Also Read: 5 Cryptocurrencies To Effectively Buy in 2022
If you’re interested in buying and selling cryptocurrencies such as Bitcoin, USDT, Dogecoin, etc, Prestmit is available for you.
