How To Buy Crypto With Prepaid Cards in 2024? [& TWO Platforms To AVOID] (2024)

Finding flexible and convenient ways to transact is paramount. Whether you’re a seasoned investor or a crypto newbie, understanding how to buy Bitcoin with a prepaid card can significantly streamline your investment process.

This guide will walk you through the ins and outs of purchasing Bitcoin and other cryptocurrencies using prepaid cards, including prepaid Visa and prepaid debit cards.

We’ll delve into the nuances of buying Bitcoin with a prepaid card, a method that offers a unique blend of convenience and accessibility. We’ll also explore how to buy Bitcoin with a prepaid debit card, a popular option that bridges the gap between traditional banking and the digital currency world.

So, whether you’re wondering how to buy Bitcoin with a prepaid card or looking to buy Bitcoin with a prepaid Visa, this guide has got you covered. Let’s dive in and demystify the process of buying crypto with prepaid cards.

Off we go!

Buy Bitcoin with a prepaid debit card

Let’s first have a quick look at the 3 best platforms where you can buy Bitcoin with a prepaid credit card after that, we will go through each of them in detail and some of their main competitors (like Paybis).

What are prepaid cards?

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 card 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.

Exchanges that allow buying crypto with prepaid cards (VISA or MasterCad)

CoinMama – easiest way to buy bitcoin with prepaid Visa/Mastercard

Since its inception in 2013, CoinMama has been among the first exchanges to allow digital currency purchases 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 another cryptocurrency with a prepaid card or other coins like Ethereum, Ripple, and altcoins like Qtumand 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 digital 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

CEX

Since its inception in 2013, CEX’s headquarters have been 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 for crypto enthusiasts. Aside from 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 of Cex.io?

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

Visit Cex.io now.

Kucoin P2P

KucoinP2P is a rapidly growing marketplace that is gaining popularity among crypto users even though KuCoin is yet to put more emphasis on promoting and improving it.

KuCoin’sP2P marketplace allows users to purchase and sell cryptos, including BTC, ETH, LTC, and more. Just like other P2P exchanges, KuCoin P2P also accepts a wide variety of payment methods.Using fiat currencies like USD, EUR, GBP CAD, IDR, AUD, etc., customers can acquire crypto on the platform from other users.There are a bunch of payment options to choose from, includingPayPalandPayoneer, as well as bank transfer and other options.

It works just like other P2P markets where the buyer places an order on the KuCoin P2P platform, and the seller’s crypto gets frozen temporarily by KuCoin. The buyer needs to send the fiat currencies to the seller’s chosen payment method, and once done, the crypto held will be released to the buyer’s KuCoin Main Account.

In order to use Kucoin P2P marketplace, you need to bind a phone number and do a KYC process.

Visit Kucoin P2P now.

Paybis

If you are looking for a crypto exchange that is highly trusted and provides 24/7 customer support, Paybis is the answer. The other side of the coin is that the transaction fee on fiat transactions for certain currencies could be excessive when purchasing Bitcoin.

Visit Paybis Now

Is it safe to buy bitcoins using prepaid debit cards?

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 crypto wallet once you purchase them. Before you buy crypto with a prepaid card, 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.

Conclusion of how to buy crypto with prepaid card

You now have more than a few options where you can utilize your prepaid payment cards and get some bitcoins. The above options are a glimpse of what to expect and 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.

It would be better to transfer your coins to yourcrypto wallet.

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!!

FAQs

Read also:

• How to buy Bitcoin anonymously
• Can you buy a fraction of bitcoin? Is it worth buying a fraction of BTC?
• Buy Bitcoin with iTunes Gift Card