Are you wondering if you can purchase bitcoins with your prepaid cards? If yes, then this post is for you. Various sites are now accepting credit cards for you to acquire cryptocurrency. Even though there is a difference between a debit card and prepaid cards, many banks offer overdraft facilities to use debit cards as credit cards.

Getting bitcoin these days has never been easier given the high number of exchanges that allow all kinds of payment methods, including prepaid cards. Here, you are getting an overview of the exchanges you can use to get your bitcoins through prepaid cards.

Off we go!

They are most commonly gifts for special occasions like your birthday, wedding or any other event. You can top them up with any amount of money you want and can use them just like a regular debit or credit card. Mastercard and Visa are ubiquitous providers of these types of cards.

You can spend the money as you wish with prepaid cards, but they usually have lower limits on spending in comparison to regular cards. Most importantly, there are enough crypto exchanges that accept prepaid cards as a method of payment for bitcoins or other cryptocurrencies.

Since its inception in 2013, CoinMama is among the first exchanges to allow digital currency purchase via credit and debit cards. If you have a prepaid card that is Mastercard/Visa enabled, it’s easy to buy bitcoin at CoinMama. Not only bitcoins, but you also can buy other coins like Ethereum, Ripple, and altcoins like Qtum and Cardano.

You also enjoy faster transactions when you use prepaid cards as opposed to bank transfers. Your digital currency will be sent immediately to your wallet as Coinmama doesn’t store coins on their servers at all, for expediency and safety reasons. So, what are the other benefits and drawbacks of using prepaid cards at CoinMama to purchase bitcoins?

Here is a full Coinmama review.

Visit Coinmama now.

Coinbase has built its reputation in the crypto sphere since 2012. It’s highly regulated, but they present excellent payment options for you. Compared with CoinMama, they have lower fees, especially if you want to make regular purchases. Coinbase is expanding its cryptocurrency reach, with Basic Attention Token and ZeroX being the latest additions.

Read our Coinbase review here.

Visit Coinbase now.

Since its inception in 2013, CEX’s headquarters are in the financial capital of the world, London. It’s one of the most affordable crypto exchanges, especially when making card payments. You can trade Bitcoins, Ethereum, Zcash, Stellar, Ripple and 40+ other altcoins. The lower card fees are a magnet to crypto enthusiasts. Aside of that, Cex.io added other services like margin trading, staking as a service, crypto loans, mining etc.

However, you can only operate using dollars, euros, ponds, and Rubbles. This implies you must pay additional fees for currency conversions. What are the advantages and drawbacks Cex.io?

Here is a complete Cex.io review and guide on how to use it.

Visit Cex.io now.

This is a highly popular p2p marketplace that has by far the widest plethora of payment methods, including PayPal, Western Union, Amazon gift cards, iDeal, and a host of others. If you are concerned about security, you would have to stick to prepaid cards because serial numbers are transferred electronically.

Always start small before you learn the ropes of the platform and get more comfortable with the transaction process. LocalBitcoins also has an escrow service for buyers and sellers in case of a dispute.

Click here to learn more about Localbitcoins.

Visit Localbitcoins now.

You can trade your bitcoins on Paxful because it’s a p2p marketplace. Get connected with buyers and sellers and enjoy a host of payment options, including prepaid cards (Google Play Gift, PlayStation Network Gift, eBay Gift Card). Paxful enjoys a broader reach and allows you to trade in your local currency.

Currently, Paxful only supports Bitcoin

Read more about Paxful by clicking here.

Visit Paxful now.

If you are using a trusted exchange to buy bitcoins through prepaid cards, you are safe. However, it would be best if you move your bitcoins to a wallet once you purchase them. Remember that if you are using your debit card for convenience, the transaction might turn out to be expensive. Transferring a larger amount always requires a bank transfer as it costs no fees. Learn here how you can cash out a large amount of crypto for cheap.

You now have more than a few options where you can utilize your prepaid cards and get some bitcoins. The above options are a glimpse of what to expect, where to trade and sell, but other options also abound. The prepaid card option for buying cryptocurrency may not be the cheapest, but it gives you a chance to own that cryptocurrency you want.

If you are in a country with limited payment options, using cards is the most convenient choice. On the other hand, you can save a lot if you register with a local exchange and fund your account through a bank transfer. So, if you have that prepaid card, it’s time to own some bitcoins!!

Read also:

The post How To Buy Bitcoin & Crypto With Prepaid Cards [2021] appeared first on CaptainAltcoin.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

253 +