How to Buy Bitcoin (BTC) with Debit Card Instantly

A complete beginner’s guide on how to buy Bitcoin with Debit card instantly. We also tell you where to buy Bitcoin with debit card, including the best brokers and exchanges; and why you could opt for debit cards over other secure payment methods.

Author: Edith Reads Last updated: 11/06/2022
How to Buy Bitcoin (BTC) in with Debit Card Instantly

Introduction

This article will explain how to buy Bitcoin (BTC) instantly in 2022.  You’ve probably heard about cryptocurrency – even if you don’t fully understand what it is, or how it works. In a world that’s in a rush to go paperless, and break free from the shackles of banks, government, and other third parties in its monetary transactions, cryptocurrency has been embraced, to a reasonable degree.

One of the top digital currencies out there is Bitcoin. It’s had its place in the hall of fame a couple of times, hitting its all-time high even in the highly volatile market. In this article, we’re going to show you how to purchase your very own Bitcoins using your debit card. But we’ll start with the basics. So, what is Bitcoin? Which are the best Bitcoin exchange and brokers to buy the coin with a debit card instantly? We have the answers to these questions, and more.

Top 5 Exchanges to Buy Bitcoin (BTC) with a Debit Card Instantly in 2022

  • Min Deposit: $200
  • Number of Coins: 20+
  • Supports Multiple Languages
  • Regulated by FCA, ASIC & CySEC
  • Paypal, Debit & Credit Card Accepted
Card CashBankGiro PayMastercardNetellerPayPalSkrillUnionPayVisaWire CardYandex
Visit eToro

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  • Min Deposit: 20 $£€
  • Number of Coins: 12+
  • Regulated by FCA & CySEC
  • Place Buy & Sell CFDs Orders
  • Low Minimum Deposit
MastercardNetellerPayPalSkrillUnionPayVisaWire Card
Visit Capital.com

79.17% of retail cfd accounts lose money

  • Min Deposit: 5 $£€
  • Number of Coins: 60+
  • Private key encryption and 2FA
  • User-Friendly
  • Privacy protection
Card CashBankMastercardPayPalVisa
Visit uphold

Capital At Risk

  • Min Deposit: 1 $£€
  • Number of Coins: 50+
  • Regulated by SEC, & FinCEN
  • Place Buy & Sell CFDs Orders
  • Low Minimum Deposit
Giro PayMastercardNetellerSkrillUnionPayVisaYandex
Visit Coinbase

Capital At Risk

  • Min Deposit: 1 $£€
  • Number of Coins: 1500+
  • High Number of Coins
  • Accepts Fiat Deposits
  • Trade on Spot and Futures
Card CashMastercardSkrillWire Card
Visit Binance

Capital At Risk

How to Buy Bitcoin (BTC) Instantly With a Debit Card in Three Quick Steps

Step 1:  Create an account with your favorite broker/ exchange:

Choose a platform. Read reviews from people who have used their service before and make sure they are legitimate by looking at their country of origin, registration information as well as any positive or negative user feedback on review websites.

Proceed to open an account. You will be asked to fill in a form where you enter basic details such as your email, username, and password. This process can sometimes take a while due to the number of people signing up for these sites, but this is highly unlikely.

Step 2: Fund account

Once your account is open, you’ll be able to log in and link your card. You will need to scan a copy of the front and back of your card by using your platform’s upload feature. Once that goes through successfully, proceed to fund your account.

Step 3:  Buy Bitcoin (BTC) with a Debit Card

Once your money has been deposited into your account then you’re ready to go! Click on the section that says “Buy/Sell” and choose how much money you want to use to purchase Bitcoin. If this is your first time buying any cryptocurrencies then follow the instructions provided by the site.

Step One
Open A Free Account
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Step Two
Deposit Funds
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Step Three
Buy Cryptocurrency
Buy Now

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A Quick Intro into Bitcoin (BTC)

Bitcoin is a cryptocurrency, which means it is private money that can be used to purchase items anonymously. Transactions are carried out by being sent between users through encrypted messages without having to be processed by third parties such as banks or clearinghouses. Bitcoin works based on public-private key cryptography, which involves the use of two codes – a public and private key – to transact.

Deceptively simple and incredibly powerful, bitcoin is a distributed peer-to-peer payment system with no central authority or middlemen. Bitcoin transactions are final and non-refundable so only invest what you can afford to lose.

Bitcoin and other cryptocurrencies do not exist in physical form and there is no authority like the Federal Government or the FED that regulates them. This means Bitcoins can be sent instantly and anonymously, which has made Bitcoin popular for online purchases and for transferring money to anonymous addresses.

Who Can Buy Bitcoin (BTC) with a Debit Card?

Anyone with access to a debit card! As long as you have an account with an exchange or brokerage that accepts debit cards as a payment method, then there should be no reason for you not to be able to buy Bitcoin with a debit card.

Unfortunately, users from some countries still can’t access BTC due to the restrictions put in place by the specific authorities. Such countries include; Afghanistan, Bosnia and Herzegovina, Yemen, Macedonia, Belarus, Tunisia, Iran, Guinea, Morocco, Syria, Iraq, Ethiopia, Sudan.

What are the Pros and Cons of Buying Bitcoin (BTC) with a Debit Card?

Pros:

  • More anonymity: Debit cards are tied to your bank account, which makes it easier for people to steal your money. If you’re using a decentralized currency like Bitcoin, no one will be able to take your funds without having access to your wallet and decryption keys.
  • Payment is instant:  You won’t have to wait for any lengthy transactions to process and you’ll receive your Bitcoins quickly.
  • Many exchanges offer debit card purchases:  You can use your Debit card to purchase bitcoin from a variety of different exchanges.  Most reputable platforms accept Debit cards as payment methods.
  • Very easy: Purchasing Bitcoin using a debit card exchange is usually not rocket science, and requires little to no time.  All that you have to do is transfer the funds from your bank account into your exchange’s wallet and then trade for bitcoin.
  • Convenient:  You can use your debit card to purchase Bitcoin at any time of the day or night, at the comfort of your couch, and it will be deposited into your exchange wallet instantly.

Cons:

  • Lengthy verification process – The process of identity verification can take a long time. Some exchanges let you buy bitcoins before you’ve finished the verification, but they will limit what you can do with your bitcoins until you verify.
  • Higher fees – Most platforms tend to charge higher fees of up to 4% to buy BTC with a debit card.

What Do You Need Before You Can Start Buying Bitcoin (BTC) with a Debit Card?

An account with a broker/ exchange that accepts debit card payments

Very few people buy bitcoins directly from other people. Most of us will go through an exchange or broker, usually online. Here you register with the service, tell it where you want your bitcoin sent (your ‘wallet address’) and how much you want to spend, then make payment through the methods available on their site.

Storage

You will need to keep your Bitcoins somewhere secure after you buy them. You might need a wallet to store your Bitcoins after you get them into your account. Some exchanges will have this option, while others won’t so do some research on the company before transferring all of your money.

Investment capital

The last step is to deposit money into your exchange’s account. Whether you are trading bitcoins for profit or buying bitcoin as a long-term investment, it is recommended to start with small amounts of money and increase the capital gradually.

How Much Do You Need to Start Buying Bitcoin (BTC) with a Debit Card?

Well, this depends on your broker/ exchange. We would always recommend checking out their website for more information about the fees associated with using your debit card to buy Bitcoins.

Because Bitcoins are a digital currency, their price can vary throughout the day and week. At the time of writing, 1 Bitcoin is $65,148.06 on CoinMarketCap. You’ll be able to see the current value on the exchange’s website when you go to purchase your Bitcoins. Each exchange has a different price, so it’s best to shop around and find the best deal before making your purchase. The most important part is to keep in mind that the fee charged by the exchange platform will be different for each person depending on how much they purchase.  Currently, Coinbase charges a flat rate of 4% when you are using your Debit Card to purchase Bitcoins, but if you are looking to buy less than $150 worth it might be worth it for you to check out another platform.  For those who plan on purchasing a high amount of Bitcoins, say over $300+ it might make sense for you to buy from Binance since they charge a 1% fee and has a user-friendly interface.

Please note that each broker/exchange has a minimum amount you can start with when buying Bitcoin. Shop around and pick one that conforms to your financial capabilities.

Where Can You Buy Bitcoin (BTC) with a Debit Card Instantly Today?

There are many different exchanges and brokers that you can use to purchase Bitcoins with your debit card. Well, it’s pretty simple, to be honest.  The only thing you have to keep in mind is that most exchanges will take a few days before you can use your Bitcoins so don’t put all of your money into Bitcoin and expect it to give you fair liquidity for trading properly.  Also, make sure you get yourself a good wallet so you can store your Bitcoins.

Most of the time, cryptocurrencies are available in two forms:  coins or tokens.  Coins can be transferred between accounts and traded on exchanges while tokens must remain within the platform they were created for. BTC crypto is available in the following forms;

  • Coins: The most widely known form of Bitcoin is in coins.
  • CFDs: Some exchanges will have Bitcoin available via CFD.  We would always recommend staying away from these types of platforms unless you are experienced with trading binary options or any other type of option for that matter.
  • Futures: You can also use Bitcoin futures to trade Bitcoin, but only if the exchange offers this type of trading for cryptocurrencies.
  • Trusts: There are a few different types of trusts that you could purchase, which invest in Bitcoin. These can be much more difficult to handle than just buying the cryptocurrency outright.
  • ETFs: If your broker offers an ETF that is based on BTC then you may be able to use this method, but we would highly recommend staying away from these types of products whenever possible.

What to Look for in a Bitcoin Trading Platform Accepting Debit Card Payments

When choosing a bitcoin trading platform, there are main factors that you should consider:

  • Transaction fees – find out the platform’s withdrawal fees (there may be some hidden ones), deposit fees, and commissions.
  • Supported payment methods – Another factor to consider is which payment methods are supported by the trading platform. This will be important if you want to fund your account using debit cards only, so look for one that accepts your preferred choice of deposit.
  • Beginner friendliness – If you’re just starting with bitcoin and trading, then look for a beginner-friendly trading platform. This will allow you to easily navigate the platform and access your funds when you need them without any complications.
  • Reputation – Bitcoin trading platforms vary in how they handle regulation and their openness on presenting who is on the team behind the platform. Using the platform, you should look for a ‘Regulated’ sign which means that the platform follows all KYC and AML rules.
  • Customer service – The quality of customer service through email or live chats is important if anything goes wrong during the transaction process. Look for a trading platform that has live chat support with agents available 24/7.

1. eToro – Best for Social Trading

Available Coins: 20+
Margin Trading: YES
Minimum Deposit: $200
Visit eToro

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eToro is one of the best choices for using your debit card to purchase Bitcoins. Their fees are some of the lowest in the industry but they do not offer as many different coins as other exchanges do.

To the uninitiated, eToro is one of the world’s largest social trading platforms with more than 23.2 million registered users on the platform. Being part of their community grants you access to their SIF (social investment fund).

How to Buy Bitcoin (BTC) Instantly at eToro

eToro features over 20 popular digital assets that users can trade. They include; Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Bitcoin Cash (BCH), Chainlink (LINK), Uniswap (UNI), Stellar Lumens (XLM), Ethereum Classic (ETC), Iota (MIOTA), Dash (DASH), EOS (EOS), Neo (NEO), Binance Coin (BNB), Tron (TRX), Tezos (XTZ), Maker (MKR), Compound (COMP), Dogecoin (DOGE), Algorand (ALGO), Aave (AAVE), Decentraland (MANA), Yearn. Finance (YFI), Shiba Inu (SHIB), Spark (FLR), Polygon (MATIC), Basic Attention Token (BAT), and Enjin (ENJ).

eToro is a global investment platform that has been around since 2007. They have a solid reputation and are one of the exchanges with low fees, making them a good choice for people who want to buy Bitcoin with their Debit Card. eToro is not only an exchange where you can purchase bitcoin, but it is also a social trading platform where you can trade cryptos and also share your portfolio with others. eToro does not charge to buy BTC with a debit card.

You can find more information about eToro, including the step-by-step process of opening an account in our detailed eToro guide.

Pros and Cons of Buying Bitcoin (BTC) with Debit Card on eToro

Pros:

  • It features a user-friendly interface for both beginners and experienced traders
  • Features faster transactions compared to other sites
  • eToro has low fees when it comes to buying Bitcoin with a debit card

Cons:

  • It is not possible to withdraw funds from eToro using a debit card

2. Capital.com – Best for CFD Trading

Available Coins: 12+
Margin Trading: YES
Minimum Deposit: 20 $£€
Visit Capital.com

79.17% of retail cfd accounts lose money

Capital.com is another one of the best Bitcoin exchanges that allow people to buy bitcoin directly from their debit cards. This is a very good platform for beginners because they offer simple and easy-to-follow tutorials so you can learn what you need to know when it comes to buying Bitcoin and other cryptocurrencies. Capital.com has been around since 2016, so they have a strong community of people that are using the platform daily.

How to Buy Bitcoin (BTC) Instantly at Capital.com

The London-based broker features over 3000 tradable assets, including cryptocurrencies such as Bitcoin which you can easily buy with a debit card. The platform also offers CFDs on shares, indices, commodities, and currencies; making it a good choice if you are looking to invest in several different types of cryptocurrencies. Capital.com does not charge to buy BTC with a debit card. Our comprehensive Capital.com review has more information on the broker and a practical guide on how to open an account.

Pros and cons of buying Bitcoin (BTC) with Debit Card on Capital.com

Pros:

  • The fees are very low when you purchase BTC using a debit card

Cons:

  • Some countries cannot use the services of this company.

3. Uphold – Best for Product Diversity

Available Coins: 60+
Margin Trading: YES
Minimum Deposit: 5 $£€
Visit uphold

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Uphold is another popular platform that is well known for allowing users to buy Bitcoin with their debit cards. Since Uphold has been around since 2015, they have developed a large community of investors that are using the platform daily.  Uphold is very similar to Coinbase because they are both platforms that are well known for being user-friendly.  Like most platforms, Uphold has high fees when you buy BTC with your debit card.

How to Buy Bitcoin (BTC) with Debit Card Instantly at Uphold

The platform features 35+ cryptocurrencies, including BTC, XRP, and smaller names like Digibyte and Chainlink. Uphold charges clients $3.99 in addition to whatever fees are charged by your bank for using this exchange’s website.

Pros and cons of buying Bitcoin (BTC) with Debit Card on Uphold

Pros:

  • This platform has low fees when it comes to using your debit card for transactions
  • You can buy Bitcoin directly from your debit card·

Cons:

  • There are  specific countries that cannot access the services

4. Coinbase – Best for Beginners

Available Coins: 50+
Margin Trading: No
Minimum Deposit: 1 $£€
Visit Coinbase

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Coinbase is one of the largest exchanges in the world when it comes to buying Bitcoin with a debit card.  This exchange is well known because they have been around since 2012, and they also allow users to add their debit cards to their accounts.  This means that you can directly buy bitcoin with your debit card whenever you want, which is a very good feature for people who are trying to make fast transactions.

How to Buy Bitcoin (BTC) with Debit Card Instantly at Coinbase

Based in San Fransisco, California, the exchange 50+ digital currencies and tokens including; Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Bitcoin Cash (BCH), Ethereum Classic (ETC) and Cardno (ADA).

The trading fees on Coinbase vary depending on different factors. You’ll part with a 3.99% debit card fee in Coinbase. Check out our comprehensive review for all information about the exchange, the step-by-step process of opening an account, and how to buy bitcoin with a debit card on Coinbase.

Pros and cons of buying Bitcoin (BTC) with Debit Card on Coinbase

Pros:

  • Coinbase is one of the most popular ways to buy bitcoin with a debit card
  • You can use your credit or debit card to deposit funds into your account
  • Coinbase has good customer service

Cons:

  • The fees are very high when you buy BTC with a debit card   (up to 4%)

5. Binance – Best for Low Fees

Available Coins: 1500+
Margin Trading: YES
Minimum Deposit: 1 $£€
Visit Binance

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Binance is a popular investment platform that allows users to buy and sell multiple types of cryptocurrencies. This company is well known for allowing its clients to directly use their credit or debit cards to make purchases, which is very useful if you ever want to make an emergency purchase. Binance has grown rapidly since it first opened its doors in 2017; they now have a large community of people that are using their platform for all types of trades.

How to Buy Bitcoin (BTC) with Debit Card Instantly at Binance

Binance supports 50+ cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), Cardano (ADA), Binance Coin (BNB), Solana(SOL), Polygon (MATIC), Chainlink (LINK), and Uniswap (UNI).

The broker features competitive fees and commissions, charging 1.8% for debit card purchases. Our comprehensive Binance review has all the information you need to get started with the broker. Check it out.

Pros and cons of buying Bitcoin (BTC) with Debit Card on Binance

Pros:

  • Binance has very low fees when you use a credit or debit card to make deposits
  • ·You can directly buy BTC with your card on this platform.

Cons:

  • There are only some countries that can use this service (the US is blocked)

What are the Expected Fees for Buying Bitcoin (BTC) with Debit Cards

When you buy Bitcoin with a debit card, there are some fees that you need to keep in mind.  Most of these fees stem directly from your bank or card issuer rather than any platform that provides cryptocurrency. For example, when you take out money from an ATM, your bank is going to charge you a fee. This fee depends on the rules of your bank but it will always be higher than if you were simply using your debit card for purchases or withdrawals.

The fees for buying BTC with a debit card are different depending on which platform you use. Some of the platforms mentioned in this article have very low fees, while others charge much more for the same transaction. The reason behind these price discrepancies is simple –  competition between companies. Bitcoin debit card purchases are not regulated by any authority or central bank, so it is up to the company to decide what their fee structure will be.

The fees for buying BTC with your debit card are not going to be as high as the fees you would have if you were using a wire transfer, for instance.  Most exchanges do not charge anything for buying Bitcoin, so these extra fees that come from your bank or card issuer are going to be the only fees that you will have to pay during this process. This means that you can buy Bitcoin instantly with your debit card without spending more than 1% of the actual value of the currency itself.

As a quick summary,  Coinbase charges a 3.99% fee while Binance charges a 3.5% fee, eToro charges 0 while Uphold charges clients $3.99 in addition to whatever fees are charged by your bank for using this exchange’s website.

How to buy Bitcoin (BTC) Anonymously with Debit Card

The best way to buy Bitcoin anonymously would be to use a decentralized exchange. Decentralized exchanges are not controlled by a single company or person, and they offer more privacy for their clients when making trades.  However, decentralized exchanges tend to have a much smaller selection of cryptocurrencies in general which may be a problem if you want to use your debit card to buy Bitcoin in this way.

Coinbase is probably the most popular website in the world for buying Bitcoin with debit cards because they have so many different options, but their fees are also quite large.

Bitcoin ATMs have also made it much easier to buy BTC with your debit card.  They are available in most major cities and even some of the smaller cities.

Another option is to use a P2P service which allows you to use your Debit card to purchase BTC anonymously from a user that is willing to sell.

There are now a lot of online platforms where you can buy Bitcoins with your debit card anonymously. Please note that there is a small fee for this service, but it is still cheaper if compared to other traditional payment methods. You should also keep in mind that there are some platforms that you buy with bitcoin instantly but there is no way to buy the amount of bitcoin displayed using your card. You can still use these platforms if you want to start small and build up your bitcoins.

What do Reddit & Quora Users Say About Buying Bitcoin with Debit Card?

Reddit:

Generally, Bitcoin and cryptocurrency are a huge topic in most Reddit communities. From its legality to the best platforms to invest in and whether or not it’s a worthy investment, everyone seems to be having something to say, or a question they need to be answered. Most users want to know the most secure platforms to buy Bitcoin with debit cards. Others are also simply curious and would like to know if it’s possible the best service providers and the associated costs.

Buying Bitcoin with a Debit card reviews on Reddit

In one of the discussions that seemed to have gathered lots of comments, a user is asking how to buy bitcoin with a debit card. In his/her question, he/she also raises concerns about the safety measures involved.

Quora:

Just like in Reddit, Bitcoin and cryptocurrency is also a hot topic in Quora. Most discussions are about its legality, investment opportunities, and the best platforms. Most Quora users are asking how to buy BTC using debit cards, while others are asking whether or not it is a good idea.

Bottom line

Buying Bitcoin with a debit card is probably the most efficient way to get cryptocurrency. Using your bank account and making a wire transfer can take longer, and if you make any mistakes along the way it can lead to even more problems.

Buying Bitcoin with a Debit card reviews on Quora

However, this is not always true when using an exchange that provides instantaneous transactions.    There are some of these exchanges that have fees as high as 10%, but they also allow you to purchase BTC within a few minutes.  If you use a platform like this, it can be significantly easier to get your money from fiat into the cryptocurrency of your choice.

The growing interest of people towards bitcoin and other cryptocurrencies has led to the development of several platforms that allow for buying bitcoins instantly with your debit card. Some of the most popular ones include the ones mentioned above. Be sure to check them out.

Frequently Asked Questions (FAQs)

You can bitcoin with a debit card without verification in most Brokers and exchanges. eToro, Capital.com, Uphold, Coinbase, and Binance are among your best shot. We’ve discussed them in detail above. Bitcoin ATMs will also allow you to buy Bitcoin anonymously with your debit card. A peer-to-peer (P2P) service is also a viable option. 

The fastest way to buy Bitcoin is through brokers or exchanges, like the ones listed in this article, and pay using your debit card. Most of them list multiple tradable assets so you can explore other viable options. They also have user-friendly platforms so you have an easy time navigating through. 

Yes, you can use your debit card to buy bitcoin! There are lots of platforms that accept Debit cards as a payment method. Most brokers and exchanges, like the ones listed above, list debit cards as one of the payment methods. 

You’ll need an account with a broker or exchange, and a debit card with enough funds in your account to buy bitcoin with a Debit card in the UK. depending on your chosen platform, the process should be easy and straightforward. 

It is completely legal to buy bitcoin and other cryptocurrencies using a debit card  In fact, some websites only accept payments from cards because these transactions are much easier to process than bank transfers. As long as you’re in a region where Bitcoin is legal, you’ll be good to go.

All countries where Bitcoin is legal should support buying Bitcoin with debit cards. International websites are supported by debit card purchases. However, there are certain credit card limits.  For example, Coinbase will not allow you to make larger purchases with your credit card because they do not want you to overspend on your credit limit and then go into debt.

eToro and Uphold are two of the best websites for buying Bitcoin with a debit card.   They have great customer service, quick transactions, and low fees.

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