How to buy Bitcoin with a debit card

In the past few years, buying Bitcoin with a debit card has become more convenient. Today, many brokers and cryptocurrency exchanges accept VISA, MasterCard, and Maestro debit cards as a payment method for buying Bitcoin.

Choosing an exchange that is regulated and has low fees is important; in this guide, we’ll review the best places to buy Bitcoin with a debit card, with screenshots for each step.

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How to Buy Bitcoin with a Debit Card
Choose a Bitcoin exchange or broker – OKX, Coinbase, and Binance are all good options.
Create an account
Select the debit card option to deposit funds
Search for "Bitcoin" in the drop-down menu
Click "Open Trade" and select the amount of Bitcoin you want to buy
Best Brokers to Buy Bitcoin with Debit Cards in December 2023
The most regulated and well-known cryptocurrency exchanges that accept debit card deposits include OKX, Coinbase, and Binance.

We review and select brokerage platforms based on a number of criteria before recommending them. First, we consider security and whether the platform has solid regulations and a privacy policy that does not share your details with third parties.

Next, we review their pricing systems, including the transaction and non-transaction fees charged by the broker, as well as their ease of use for both beginners and experienced investors.

How to Buy Bitcoin with a Debit Card
In this section of our guide, we’ll show you how to buy Bitcoin with a debit card using our recommended exchange, OKX, although the process is similar for most centralized exchanges and brokers.

Step 1 – Open an account
OKX is free to use as a mobile app or through its website – download the app or create a new account.

Step 2 – Verify your account
Users are required to enter and verify an email address and phone number to proceed, and create a strong password. Verification also requires users to handle compliance issues by going through the Know Your Customer (KYC) step.

This will include valid identification, such as a driver's licence or passport, and completing a live image check – some users may need to provide proof of address.

Step 3 – Deposit funds via debit card
Once an account is opened and verified, users can deposit fiat currency funds via debit card.

Other methods including bank transfers and e-wallets are also available.

Step 4 – Buy Bitcoin
To buy Bitcoin with a debit card on OKX, select "Trade" on the dashboard and search for Bitcoin/BTC. Once found, select "Buy" and enter the amount you want to spend (the minimum purchase amount is $30).

Then, choose the desired broker to make the purchase – they are all trusted partners including Wert and Moonpay. Then continue the process until the transaction is completed.

Visit OKX

Buy Bitcoin Instantly with a Debit Card Without Verification
There are several ways to buy Bitcoin using a debit card without verification. One of these methods is to buy Bitcoin from a Bitcoin ATM near where you are located. However, this is not a very popular method as you may not be able to find a Bitcoin ATM near you.

Some P2P marketplaces allow you to buy Bitcoin directly from sellers without verifying your account. In addition, several cryptocurrency exchanges, such as Binance and Paxful, also allow you to make purchases with no or partial identity verification.

It is important to note that although it may seem attractive to buy Bitcoin immediately without verification, it should be noted that this method is not the safest. In this case, you provide your card information without knowing how the platform will use it. Verification is mandatory at the top brokers in our list, as it is a step towards safer trading.

Pros and Cons of Buying Bitcoin with a Debit Card
Each payment method has its advantages and disadvantages in terms of speed, transaction fees, acceptance, etc. Let’s look at the pros and cons of buying Bitcoin with a debit card.

advantage
Debit cards are becoming a popular method for purchasing Bitcoin.
With a debit card you can buy Bitcoin instantly, so it is a quick way to make purchases.
Debit cards are accepted on many brokerage platforms and cryptocurrency exchanges.
This is a more convenient and easy payment method.
Considering the advantages of profiting from Bitcoin price fluctuations, if you don’t have cash, you can go into debt.
shortcoming
You will need to provide more card information than when using an e-wallet.
Transaction fees may be higher than average.
Some platforms may limit the amount of Bitcoin you can buy with a debit card.
It may affect your credit score to some extent.

Withdrawing Bitcoin from a Brokerage Account
Bitcoin is a decentralized asset, which means there is less risk of your Bitcoin being stolen or hacked. However, leaving your Bitcoin in a brokerage or exchange account is not safe because these accounts are centralized and if a hacker attacks your account, they may be able to access your Bitcoin in some way.

You can avoid this risk by creating a Bitcoin wallet account and withdrawing your Bitcoins. This way you have full control over your Bitcoins and there is no third party involved. There are various versions of how to set up a Bitcoin account, and CFD trading platforms are one of the providers of such wallets. If you want to learn more about storing Bitcoins safely, visit our guide on how to open a free Bitcoin account.

Best Places to Buy Bitcoin with a Debit Card in December 2023
To buy Bitcoin with a debit card, first you must find a brokerage platform with the best conditions and user experience. There are many platforms where you can trade Bitcoin, but not all offer convenient and secure transactions.

Therefore, in this section of the guide, we will look at five of the best brokers that allow you to buy Bitcoin online with a debit card.

1. OKX – Buy Bitcoin with a Debit Card at Zero Fees
Our second pick as the best place to buy Bitcoin with a debit card is OKX.

OKX is the fifth largest cryptocurrency exchange in the world, with a daily trading volume of approximately $800 million. The platform has listed more than 350 exchanges and supports everything from standard trading features such as P2P trading to practical tools for professional traders such as spot trading, derivatives trading, margin trading, and block trading.

OKX offers copy trading, which allows users to follow the trading signals created by OKX's more successful traders. For those who want to trade more easily, OKX also offers trading robots.

OKX's trading fees are based on a market maker/taker model, and holding OKB tokens can reduce trading fees. VIP traders with assets greater than or equal to $100,000 in their trading accounts or a 30-day trading volume of more than $10 million also enjoy lower trading fees.

In terms of security features, in addition to standard security features, OKX has also implemented OKX Risk Protection, an asset risk reserve that stores a portion of user assets. So far, assets worth close to $700 million are stored in this reserve.

advantage
Support multiple payment methods
Over 350 cryptocurrencies available
Provides copy trading and trading robots
Reserves have been implemented to keep user assets safe
shortcoming
Not available in the United States
Visit OKX
Your capital is at risk

2. Bybit – Excellent Exchange
Bybit is a smart, convenient and intuitive cryptocurrency exchange platform that offers a variety of options such as DeFi, spot trading, margin trading and derivatives trading. With over 5 million users, Bybit has built a strong network of traders from novice to expert who benefit from a diverse portfolio of over 100 digital assets and contracts on the platform.

Bybit’s trading volume ranks high in the industry and it regularly attracts new users – this is likely due to its simplified registration process, which does not require KYC. Although it is a relatively new platform, founded in 2018, its trading fees are among the most competitive in the market. Bybit charges a market maker/taker fee of 0.025%-0.075%.

This number is reasonable when compared to the industry average of 0.063% (for takers) and 0.25% (for market makers). The platform accepts various payment methods, the most prominent of which are debit/credit cards.

The platform offers up to 100x leverage trading on perpetual futures contracts. It uses MetaTrader 4 and its dual price mechanism (market price and last traded price) system, making the platform intuitive and easy to use.

The platform offers flexible staking options with an annualized yield of 9%, over $3,000 in bonuses, and attractive opportunities for dual-asset mining, which can earn an annualized yield of up to 4,00%.

Other features that make ByBit exchange unique include an expert advisor with charting tools and market information, a 100,000 TPS matching engine, HD cold wallets, and high-powered system capabilities. The platform does not require a minimum deposit amount and does not charge any deposit fees.

Bybit encourages potential users to sign up through a welcome bonus of up to $600, as well as other incentives such as earnings from the referral program.

Visit Bybit

3.
Huobi – Popular exchange with a large number of assets
Huobi is one of the most impressive exchange platforms in the cryptocurrency market today. Since its launch in 2013, it has become increasingly popular.

With unique features such as the Huobi Wallet and its Huobi Autonomous Digital Asset Exchange (HADAX) marketplace that supports altcoins and tokens, users can benefit from Huobi Global’s advanced user interface and functionality.

In addition to its own Huobi Token (HT), Huobi has over 400 crypto assets, 1,000 trading pairs, and is compliant with regulations around the world. The platform charges a trading fee of 0.2% and no deposit fee when buying P2P.

Additionally, the platform offers users a competitive edge by launching Huobi Lite, which enables commission-free trading, including fee-free cryptocurrency swaps. The minimum deposit amount is $100.

For new investors, it is important to understand that Visa cards are acceptable to cardholders in most European countries and Australia, while MasterCard is acceptable to cardholders in the United Kingdom, Gibraltar and Poland.

Investing in Huobi is a good choice because the platform is constantly innovating; in addition to its novel Huobi DeFi wallet and free trading bot, some of its recent innovations include:
Card discount program for all platform users, valid for 3 years
Star Chart, a proprietary on-chain analytics tool for monitoring on-chain cryptocurrency transactions for illegal activity
Launch of perpetual swaps, a derivative product that enables users to better hedge risk and create leveraged arbitrage opportunities in volatile market conditions

advantage
Accepts VISA and Mastercard
Reliable 24/7 support
No 0% fee is charged when purchasing P2P
shortcoming
Long account registration process
Visit Huobi

4. Crypto.com – Trusted US Cryptocurrency Exchange
Crypto.com is a platform that was launched in 2016 and it quickly became one of the most desired cryptocurrency and digital asset exchanges by all. The platform supports over 250 cryptocurrencies, making it one of the most comprehensive collections on the market.

It also allows cryptocurrency trading, staking, redemption, and a unique NFT trading platform. Crypto.com charges a competitive transaction fee of 0.4%, which can be further reduced with the increase of discounts and CRO bonuses.

An exciting feature of Crypto.com is its unique incentive – a 10% reduction in transaction fees after staking a minimum of 5,000 Crypto.com Coins (CRO). Crypto.com Earn allows users to earn high yields on stablecoins for a flexible period (8.5%-14.5%).

Crypto.com does not charge any debit/credit card fees to new users upon initial access to the platform, nor does it charge any transaction fees. For users who wish to pay via debit/credit card, the Crypto.com Visa Card offers the opportunity to receive up to 8% cashback on purchases.

Users can use five prepaid Visa cards, for example, the Obsidian card offers a cash rebate of 8%, the Midnight Blue card offers a cash rebate of 2%, and the Ruby Steel card offers a rebate rate of 1%. In addition, the platform is affordable, with a debit/credit card fee of 2.99%, as there are no hidden fees or separate fees to exchange cryptocurrencies or deposit crypto assets in the mobile application (available for Google Play and App Store).

advantage
Stablecoins can earn up to 14.5% per year, and Bitcoin can earn 8.5%
Bitcoin debit cards available at retailers
DeFi Wallets and Farms
Bitcoin Debit Cards and Wallets – Cards Come With Many Advantages
shortcoming
Some restrictions on U.S. investors
Higher spread fees
Visit Crypto.com

5. Libertex – Buy Bitcoin with No Difference
Libertex is one of the oldest CFD trading platforms and is best known for offering Forex trading to professional traders. However, the broker supports the MetaTrader4 trading platform, where you can buy other assets and cryptocurrencies, including Bitcoin.

What sets Libertex apart from other CFD platforms is that it does not charge any spreads when buying or selling an asset. Instead, it charges a competitive commission fee when you make a trade.

To buy Bitcoin on Libertex using a debit card, you have to pay a small transaction fee of 1€, which is very cheap, especially when you are trading high amounts of Bitcoin.

As mentioned earlier, Libertex offers two trading platforms – an in-house platform designed for beginners and experts, and the well-known MetaTrader 4 trading platform. As far as your security is concerned, Libertex is regulated by two top agencies, so your transactions will remain safe.

advantage
Zero spread CFD trading platform
A long-established broker with 24 years of operation
Accept various payment methods
Support MetaTrader4 platform
Good regulatory system
shortcoming
Only CFD trading is available
Bitcoin is only available through MetaTrader4
Visit Libertex

6. Uphold – Simple Web and App Transactions
The Uphold exchange platform, app, and debit card are the fast and convenient way to buy Bitcoin, trusted by 7 million users in 184 countries around the world.

In addition to the website, they also launched apps on Google Play and App Store for Android and iOS users.

Uphold charges a spread of 0.85% when buying Bitcoin and 1% when selling.

You can also use Uphold to buy other popular assets including Apple stock, Amazon, AT&T, Tesla, gold, silver, platinum, palladium, etc. Their motto is "From Anything to Anything".

They also open investing to anyone through fractional stock trading – you can invest $1 in companies like Google. Unlike some online stock brokers, you don’t have to accumulate a lot of capital to start trading.

advantage
No deposit or withdrawal fees
2% cashback for debit card payments using cryptocurrency
Also buy and trade stocks, metals and fiat currencies
shortcoming
Paypal is not currently supported
Supports fewer cryptocurrency assets than larger exchanges
Visit Uphold

7. Capital.com – Buy Bitcoin with a Debit Card on an AI-Based Platform
Capital.com is a relatively new CFD and Forex broker with over 1 million registered users from 50 countries. It was founded in 2016 and is headquartered in London, Gibraltar, and Cyprus.

In addition, it is one of the first brokers to adopt artificial intelligence technology to provide users with trading tips and trading ideas. Capital.com is strictly regulated by four top-notch companies, including FCA, ASIC, CySEC and the National Bank of the Republic of Belarus (NBRB).

As for trading fees, the broker does not set commission fees, but does charge a deferral fee when holding positions overnight. Capital.com also charges relatively low spreads, which are relatively low compared to other spread brokers.

In addition to debit cards, you can also top up your account using wire transfers, credit cards, and many e-wallets. Finally, the platform has no inactivity fees, and the broker does not charge any annual management fees.

advantage
Competitive transaction fees
Multiple payment methods
Easy-to-use trading platform
Provides Standard, Plus, Premier and Invest account types
Small deposits for trading from $20
No inactivity fees
AI-based trading platform
shortcoming
Bitcoin is only available via CFDs
Higher tier accounts require higher deposits
Visit Capital

8. Coinbase – Buy Bitcoin on the largest cryptocurrency exchange in the United States
Coinbase is a cryptocurrency exchange that supports more than 50 cryptocurrencies and is considered one of the most user-friendly cryptocurrency exchanges on the market. It was founded in San Francisco in 2012 and has attracted more than 68 million users worldwide.

This is mainly because Coinbase stands out for its good reputation and is considered the largest cryptocurrency exchange in the US market for liquidity.

You may be a little confused about the pricing system of this exchange. In general, the trading fees charged by the platform are relatively high, but it compensates users by providing an excellent user experience. Coinbase's trading fees may range from $0.99 to $2.99, depending on the amount of Bitcoin you purchase. In addition, it charges a commission fee of $3.99 when you top up your account using a debit card.

Coinbase offers two trading accounts – one designed for new and experienced traders, and an alternative for professional active traders – Coinbase Pro, which has lower trading fees but supports fewer cryptocurrencies. Coinbase also offers advanced mobile apps for Android and iOS users.

advantage
Wide selection of cryptocurrencies
Well-designed mobile app
Easy-to-use trading platform
Good security system
Lower minimum transaction amount
Cryptocurrency wallets available
shortcoming
Transaction fees are above average
Provide email support to customers
Visit Coinbase

Things to note when buying Bitcoin with a debit card
In this section of the guide, we’ll summarize everything you need to consider before buying Bitcoin with a debit card.

Debit Card:
The first thing to do in this process is to get a debit card if you don’t already have one. If you already have a debit card, make sure the brokerage platform accepts the type of debit card you have.

Find a good broker:
A good broker can indirectly help you get higher returns. When choosing a platform, the first things to consider are their reputation, fees, user experience, and whether they accept debit card payments.

Transaction Fees:
The pricing system is an important factor in your trading process and capital gains. Also, be aware of whether there are additional fees for debit card transactions.

Transaction speed:
Another important consideration is the time it takes to complete a transaction using a debit card. In this regard, debit cards are generally faster and simpler than other payment methods, however, this can vary from broker to broker.

Security:
Security is one of the most important factors that you have to consider. The problem is that you provide your card details without knowing how the platform will use your data. Therefore, you need to choose a trustworthy broker who will not use your data illegally.

Bitcoin Wallet:
Once you have acquired Bitcoins, you must find a safer place to store them – a decentralized platform. Bitcoin wallets are designed for this purpose – a private key that protects your coins and only you have access to.

Bitcoin wallets can be divided into two types: hot wallets and cold wallets. Cold wallets are considered the safest way to store your cryptocurrencies. These hardware devices protect your access offline to the part of the blockchain where your BTC is stored. In our article "Best Bitcoin Wallets", you can find the best Bitcoin wallet providers and a complete guide on creating a wallet.

Buy Bitcoin with a Prepaid Debit Card
Several brokerage platforms allow you to buy Bitcoin using prepaid cards, which offer some advantages over other payment options. Prepaid cards are becoming increasingly popular for buying cryptocurrencies. First, these cards are safer because you have to provide fewer card details.

The next great thing is that you can only use the balance you put on your prepaid card. This means that you can’t go into debt when you run out of money on your prepaid card, which reduces the risk of investing more than you can afford. Also, your settlement account is not linked to your prepaid card. So if someone is able to hack in and get your card details, they won’t be able to access your other accounts.

To learn more about this payment option, visit our Buy Bitcoin with Prepaid Cards guide.

How to store Bitcoin in a digital wallet
When you buy Bitcoins with a debit card, you are keeping them in your brokerage account, which is a centralized platform. Therefore, if you plan to keep your Bitcoins for the long term, you must find a safer way to store them – a decentralized platform. In other words, you need to create a Bitcoin wallet, which enables you to store and protect your coins with a private key that only you can access.

Bitcoin wallets can be divided into two types: hot storage wallets and cold storage wallets. Cold storage wallets are considered the safest way to store your cryptocurrencies. These hardware devices that you purchase protect your offline access to the part of the blockchain where your BTC is stored. In our article "Best Bitcoin Wallets", you can find the best Bitcoin wallet providers and a complete guide on creating a wallet.

Buy Bitcoin anonymously with a debit card
You can also buy Bitcoin anonymously using a debit card on a peer-to-peer marketplace, which allows you to purchase directly from the seller – no brokers or other third parties are involved. However, we should note that this method of buying cryptocurrency is not the safest.

However, if you want to buy Bitcoin anonymously and reduce the risk, you need to choose a market that uses a guarantee mechanism. This way, you can be sure to get your Bitcoins after paying. At the same time, although top brokers require you to go through a verification process, they have a privacy policy that does not share your data. They also cannot track how you will use your Bitcoins afterwards.

Tax issues regarding bitcoin earnings in the U.S.
According to the classification of the U.S. Internal Revenue Service (IRS), Bitcoin and other virtual currencies are considered property. Therefore, if you gain any capital from trading Bitcoin, you need to report your gains to the government and pay the appropriate taxes.

The length of time you hold your Bitcoins before selling them will determine how you will be taxed. Therefore, there may be long-term and short-term capital gains, and you must pay taxes based on different percentages of gains. We recommend that you visit the U.S. Internal Revenue Service's webpage for more information on how to notify your Bitcoin rewards and how to pay taxes.

in conclusion
Using a debit card to buy Bitcoin has some advantages over other payment methods. One good thing is that the transaction time is shorter compared to wire transfers and e-wallet options.

In the past, it was very difficult to buy Bitcoin using a debit card, but the situation has changed significantly. Now, several brokers and exchanges accept this method to buy Bitcoin and other alternative currencies. However, there are some things to consider before choosing a brokerage platform to start trading, the most important of which are privacy and pricing systems.

In this guide, we have reviewed and listed the best brokers to buy Bitcoin with a debit card. So you can choose the broker that best suits your needs and use our guide to start buying Bitcoin online with a debit card.