Buying Bitcoin using a debit card used to be extremely tricky at one point. However, you can complete your purchase within a couple of minutes. Security is obviously a concern when you are buying cryptocurrency from a Bitcoin exchange or broker.
Where should you look for purchasing Bitcoin with a debit card?
To ensure a secure and successful Bitcoin purchase, you must find trustworthy brokers and Bitcoin exchanges. Several brokers support debit cards from multiple countries, including the US, Canada, and Australia. Almost all of them require buyers to create an account before they can purchase Bitcoin.
A majority of the Bitcoin exchanges have a fee that depends on the buyer’s location. If you are in the US, find Bitcoin brokers that offer the lowest exchange rates for your area. Searching “how to buy Bitcoin instantly with debit card” on Google will lead you to the most popular Bitcoin exchanges that offer purchases via debit card for nominal fees.
- The Bitcoin exchange you choose should have high liquidity and scalable buying limits.
- Navigating the site or app should be easy for newcomers.
- The options should be straightforward, and even the newcomers should be able to purchase Bitcoin using a debit card.
- “Instant buy” should be an always-available option for all potential buyers on the site.
Buying cryptocurrency with a debit card should not be a challenging feat. You should be able to buy any level of cryptocurrency using your bank debit card any day, every day. The transactions should not take longer than 10 to 30 minutes, and in the event of unforeseen delays, you should be able to reach the customer support of these Bitcoin exchange sites readily.
Is it safe to save your debit card details?
Every Bitcoin exchange site will require you to include your debit card details. You will need to enter your name, card number, expiry date, CVC number, and ZIP code. These are sensitive details that you should only provide to sites you trust. Therefore, before you select an exchanger, ensure that their backend is secure and well protected against data breaches. Whenever possible, do not save the details. Choose to manually input the card details even if you have to transact multiple times per day.
What should the Bitcoin buying page look like?
The buying page has widgets that bear the currency options, amount, debit card details, deposit options, and fee details. You can choose to repeat your transaction daily, weekly, or monthly with some of the scheduling options some Bitcoin exchangers provide. Peruse the Bitcoin exchanger buyer widget/page carefully, to complete the purchase successfully.
Why is buying Bitcoin with a debit card more profitable than using a credit card?
When purchasing crypto with credit cards, you may have to pay a higher fee. That is due to more risks and a higher processing fee that come with payments via credit cards. On the other hand, purchasing via debit card is much cheaper, and you can receive the Bitcoin in your account within a couple of minutes. To find more information on how to buy Bitcoin instantly with debit card, visit this link.