6 Best Exchanges that accept Debit Card for Buying Bitcoins (2018 update)

Last updated on February 26th, 2018 at 02:17 pm

Note: If you’re looking to buy Bitcoins with a debit card for trading purposes only then perhaps you’re better off checking Plus500 Bitcoin CFD trading. Keep ter mind that when trading CFDs your capital is at risk.

Buying Bitcoin with a debit card is pretty similar to buying it with a credit card. Te this postbode I will voorkant the most popular exchanges used today.

Bitcoin exchanges

Coinbase

CoinMama

Cex.io

Coinhouse

BitPanda

Bitstamp

247 Exchange

Virwox

IndaCoin

Bitbay

Bitcoin.com

Buy Bitcoins with a debit card at Coinbase

Cons: Not available worldwide, Support takes time to react

Coinbase gives you the option the option to buy Bitcoins with a debit / credit card on their exchange.

To get commenced, sign ter and visit the payments method pagina. Click “Add Credit / Debit Card” to add your card. You will now be able to use this card te order to make your next payment and receive your Bitcoins instantly.

Buying Bitcoins with your debit card is free of charge (credit cards have a Trio.75% toverfee applied). However, you will need to upload a government issued id te order to prove your identity before being able to buy the coins.

Quick guide – how to buy Bitcoins with your debit card using Coinbase

  1. Create a Coinbase account
  2. Go to “settings” – “payment methods” and click “add payment method”
  3. Add you debit card
  4. Confirm your debit card
  5. Go to “buy/sell” and select the amount of Bitcoins you want to buy

Buy Bitcoins with a debit card through CoinMama

(No verification needed up to $500, partial US support)

Pros: Good support, respectable company

Cons: Limited countries ter the US , limited to $500 vanaf purchase

If you’re looking to get Bitcoins quickly without any verification process you can attempt out CoinMama. CoinMama supplies an effortless way to buy Bitcoins with a debit card while charging a premium for it. However, if you take into account the volatility of Bitcoin prices the premium shouldn’t affect the ROI te the long run.

You can read more about it here. The very first step would be to choose the amount of Bitcoins you want to buy. You can either inject your desired amount or just choose from the available packages on the homepage. After you choose your Bitcoin amount you will be requested to sign up to the webpagina. The sign up process is pretty standard and at the end you will be asked to verify your identity. If you’re only looking to buy up to $500 ter Bitcoin then you do not need to do this step. However if you’re looking to buy more than you will need to submit a government issued photo ID of yourself.

The webpagina states that the verification process can take up to 48 hours, but from my practice it takes much less (mine took 1.Five hours). The next step will be to choose your payment method. If you’re using a debit card to buy your Bitcoins then just choose “Visa, Mastercard via Simplex”.

Simplex is just the company that permits Coinmama to accept Bitcoins via your debit card. If you want to proceed without verification you can choose the “MoneyGram” option and just pay through the MoneyGram webstek with your credit card (US only). From this point on you’ll need to have a Bitcoin wallet, since Coinmana doesn’t keep your Bitcoins for you (unlike Coin.MX or Virwox). This is actually a good thing ter my opinion, since it coerces you to take responsibility for your coins and not just leave them lounging around te some exchange.

If you toevluchthaven’t opened a Bitcoin wallet here’s a brief explanation on how to do so. If you already have your Bitcoin address then just inject it on the next screen. Once you’ve entered your Bitcoin address all that’s left is to accomplish the payment information and you’ll receive your Bitcoin instantly.

Buy Bitcoins with a debit card through Cex.io

Pros: Reputable company, high buying thresholds

Cons: Limited countries available, higher exchange rates

Cex.io permits you to lightly add funds to your account with any type of payment card (debit or credit). The exchange has both trading services and brokerage services (i.e. buying Bitcoins for you). If you buy Bitcoins via CEX.io you will pay an average of 7% te fees which will already be included into the exchange rate.

Buy Bitcoin with a Debit Card at Coinhouse

Pros: Reputable company, high buying thresholds

Cons: Limited countries available, higher exchange rates

Coinhouse permit you to buy bitcoins via your debit card and its service is available te most European countries.

You will need to confirm your account and afterwards you will be able to buy up to Two,000 euros te bitcoin a day, to a maximum of Ten,000 euros vanaf month. Bitcoins are sent instantly to your wallet once payment is confirmed.

Buy Bitcoins with a debit card through Virwox

(no verification needed, limited to €80 worldwide)

Pros: No verification needed, available worldwide

Cons: High fees, poor support

Virwox is the oldest exchange permitting you to buy Bitcoins via a debit card. The exchange doesn’t sell you Bitcoins directly – you will need to fund your account with your debit card, buy 2nd Life Lindens (SLL) with your dollars, and then exchange thesis SLLs to Bitcoins. Due to the numerous exchanges occurring on the way fees can add up.

Wij will start the process by visiting VirWox which is a virtual world exchange and will help us to buy Bitcoins with a debit card. The reason that it’s so hard to Buy Bitcoins with a debit card is because of chargeback issues.

Debit cards suggest you the chance to create a chargeback on a transaction whereas Bitcoin doesn’t. Virwox permits us to by pass this since wij will very first buy 2nd Life Lindens (another virtual currency) and only then exchange them to Bitcoins. Keep te mind that fresh users to VirWox will have a maximum deposit limit. The following table is updated for April 30th 2015:

Also VirWox will take a toverfee for each step of exchanging and depositing money. This can come up to almost 10% of your deposit but is sometimes worth the charge because of the time it saves on buying Bitcoins with your debit card.

Once you arrive at VirWox click the “Not Registered Yet ?” verbinding and create a fresh account. You do not need to come in anything other then a username and an email address. Since Virwox is linked to 2nd life it will also ask you for an “Avatar name” but since wij are not going to actually connect to 2nd life you can just leave it at “No Avatar”.

After creating the VirWox account you will get an email with you initial password. Make sure to loom into your account and switch that password for added security.

Once you’re logged te you need to go to “Deposit” and look for “Credit Cards/Debit Cards”. Come in the amount of money you want to deposit and finish the process. Deposits are carried out through Skrill which is a well known vendor for digital payments.

Once the money is ter your account you will want to purchase 2nd Life Lindens. Go to the SLL/USD exchange and purchase your SLL. You will then see them at the top left te your account summary. Next step is to exchange your Lindens to Bitcoins.

Go to the BTC/SLL exchange and trade your 2nd Life Lindens for Bitcoins. Keep te mind that fresh users to Virwox will have to wait up to 48 hours for this transaction to be accomplish. Once the Bitcoins are te your account (again you can see it at the top left of the screen) you can just go to “Withdraw” and stir them into your Bitcoin wallet. Make sure to stir them into your own wallet and not just keep them at Virwox for security reasons. That’s it, you just got your fresh Bitcions.

Buy Bitcoins with a debit card with 24/7Exchage

Pros: Good support, available worldwide

Cons: Requires verification, high exchange rates

247excahnge are relatively fresh ter the market but have already managed to build up a pretty substantial user base. The accept credit and debit cards from all overheen the world and their exchange rate seems to be pretty fair considering other credit card accepting exchanges.

They do have a verification process and also you will need to wait up to Three business days te order to receive your funds. The superb thing about 247exchange is that they display you all the fees upfront so you are not astonished by the final charge.

However recently I have attempted to purchase some coins through the exchange using my credit card and have found it utterly difficult to finish the process. I’ve noticed other users complaining about this spil well. This is not to say that the business isn’t legit, it’s just going to take some time to finish the process.

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