Buying Bitcoin with a debit card has become more accessible in recent years. Today many brokers and cryptocurrency exchanges accept e.g. VISA, Mastercard, and Maestro debit cards as a payment method to buy Bitcoin easily. It’s essential to choose a regulated exchange with low fees; in this guide, we review the best place to buy Bitcoin with a debit card and cover each step with screenshots. On this Page:Contents [show] How to Buy Bitcoin with Debit Card Choose a Bitcoin exchange – we recommend eToro as it’s FCA, ASIC, and CySEC regulated Create an account Deposit funds into your account, selecting the debit card option Search ‘Bitcoin’ in the drop-down menu Click ‘Open Trade’ and select an amount of Bitcoin to buy Best Brokers to Buy Bitcoin with Debit Card in October 2023 Invertir Invest $ = Bitcoin Actualizar More Filters Close Filters Sort By Rating Price 1 Provider that matches your filters Providers that match your filters Payment methods Bank Transfer Credit Card Giropay Neteller Paypal Sepa Transfer Skrill Sofort Features Instant Verification For Beginners Wallet Service Mobile App Usability Very Good Good Average Bad Support Very Good Good Average Bad Rates 1or more Security 1or more Selection of Coins 1or more Classification 1or more Remove Filter Apply Filter No results found Trying adjusting the filter to see some results. Rating with $1000 you receive 0.0588 BTC What we like Easiest to deposit Most regulated Copytrade winning investors Rates Security Selection of Coins Features Payment methods with $1000 you receive 0.0588 BTC Read Reviews Visit Site Read Reviews 68% of retail CFD accounts lose money. The most regulated and well-known cryptocurrency exchanges that accept debit card deposits include eToro, Coinbase, and Binance. Before recommending brokerage platforms, we review and select brokerage platforms according to some guidelines before recommending them. First and foremost, we consider safety and whether the platform has solid regulations and privacy policy not to share your details with a third party. Our top recommended brokers are fully licensed and are regulated platforms by tier-1 authorities. Next, we review their pricing system, which includes what trading and non-trading fees the brokers charge. eToro, which heads our list, is one of the most well-known low-commission platforms. Plus, it does not charge any deposit fees and sets only a tiny $5 withdrawal fee. In contrast to most CFD trading platforms, Libertex does not take buy-and-sell spreads and charges small commission fees. Other platforms included in the list, by and large, charge reasonable fees. Another thing we took into account is the usability of the platforms. eToro, for instance, is best known for its social trading platform and tools and provides a suitable interface for beginners. In its turn, Coinbase has a very quick and simple-to-use platform for newbies and several trading tools for advanced traders. Binance is best known for its speedy verification of transactions and smooth user experience. How to Buy Bitcoin with Debit Card In this part of our guide, we will show you how to buy Bitcoin with a debit card with our recommended broker eToro. As previously mentioned, this is one of the best platforms for trading financial digital assets, as you can purchase Bitcoin outright and through CFDs. Any debit card receiving funds with a 3-digit CVV number can be used – VISA, Mastercard, Maestro, American Express (Amex), etc. 0% Commission can only be promoted when referring directly to real stocks/ETFs investments but will take only small spreads. Also, the broker does not charge deposit and conversion fees for USD contracts and has only a withdrawal fee of $5. You can enjoy its social trading platform and a few social tools to make more advanced trades. To get started, here’s what you need to do: Step 1. Open an Account To create an account on eToro, visit its website with the provided link and click on the “Get Started” button. A registration window will show up where you must fill in your email, username and create a password. Continuing your registration process, you must provide personal details, including your name, surname, and phone number, and answer some of eToro’s questions about your investment goals. Step 2. Verify Your Account As eToro is a heavily regulated platform by FinCEN, CySEC, FCA, and ASIC, it has strict rules for account verification. Still, the process is pretty quick if you do everything correctly. eToro requires two types of verification – a proof of ID, for which you must upload a copy of your passport or a driver’s license, and a proof of address which you can verify with a bank document or utility bill. eToro usually verifies accounts quickly, but even if it takes longer, you can use its demo account to get familiar with the platform and its trading tools. You can finally jump to the next step when your account gets verified. Step 3. Deposit Funds via Debit Card At this point, you must charge your account with some funds to get started. eToro offers various payment methods, including bank cards, Skrill, PayPal, wire transfer, etc. To deposit funds with a debit card, select the credit/debit card method, fill in your card information, and the amount you want to fund. Step 4. Buy Bitcoin Now, what is left to do is to search for Bitcoin, which you can find under the ticker symbol BTC and enter how many coins you want to buy. eToro lets you buy Bitcoin with several fiat currencies, including USD, EUR, GDP, etc. You need to click the “Open Trade” button, and the broker will place the order in the market. Buying Bitcoins Instantly with Debit Card without Verification There are a handful of methods to buy Bitcoin without verification using your debit card. One of these methods is to buy Bitcoin from Bitcoin ATMs that you can find near your location. Still, it’s not a very popular method as you may not find a Bitcoin ATM at your site. Some P2P marketplaces allow you to buy Bitcoin directly from the seller without verifying your account. Plus, several crypto exchanges, like Binance and Paxful, will let you make purchases without ID verification or partial verification. With this in mind, you need to consider that although buying Bitcoin instantly without verification may seem attractive, it should be mentioned that this method is not the safest of all. In this case, you provide your card information to a platform without knowing how they will use it. With top brokers on our list, verification is mandatory as it’s a step toward more secure trading. Advantages and Disadvantages of Using a Debit Card for Buying Bitcoin Every payment method has privileges and drawbacks over others when referring to its speed, transaction fees, acceptance, etc. Let’s look at the advantages and disadvantages of using a debit card to buy Bitcoin. Advantages A debit card is becoming a trendy method of buying Bitcoin. With debit cards, you can instantly buy Bitcoin, so it’s a speedy way to make your purchase. Debit cards are accepted on many brokerage platforms and crypto exchanges. It’s a more convenient and simple-to-use payment method. When considering the advantage of profiting from BTC price movements, you can take debt if you don’t have cash. Disadvantages You need to provide more card information than in the case of using e-wallets. Transaction fees may be higher than average. Some platforms may limit the amount of BTC you can purchase with your debit card. It can somehow affect your credit scores. Withdrawing Bitcoin from a Brokerage Account Bitcoin is a decentralized asset, which means there’s less risk of losing your coins or being hacked. However, it’s not secure to leave your coins in your brokerage or exchange account as these are centralized, and if hackers hack your account, they can somehow access your bitcoins. You can create a Bitcoin wallet account and withdraw your BTC to avoid this risk. With this method, you get full access to your coins, and no third party is between you and your coins. There are various versions of building your BTC account, and CFD trading platforms are among the providers of such wallets. If you want more information about safely storing , visit our guide to learn How to Open Your Free BTC Account. Compare Bitcoin Exchanges Etoro-BTC-6 Visit Site 68% of retail CFD accounts lose money.... Libertex Visit Site 74% of retail investor accounts lose money when trading CFDs with this provider.... Bybit Visit Site The price and value of any investment in digital asset products can fluctuate.... KuCoin Visit Site The traded price of digital tokens can fluctuate greatly within a short period of time.... Bitfinex Visit Site Market prices for digital tokens can be volatile and highly unpredictable.... Binance Visit Site As with any asset, the values of digital currencies may fluctuate significantly.... Coinbase Visit Site The value of digital currencies can go up or down frequently.... AvaTrade Visit Site 71% of retail CFD accounts lose money.... Huobi Visit Site As prices of digital assets are highly volatile, users could lose all or a substantial portion of the value of any digital asset they purchase.... Rating55554.54.54.54.54 For Beginners Instant Verification Mobile App Wallet Service Coin Selection 0 0 0 0 0 0 0 0 0 Rates Trading fees SpreadsSpreads0.1%0.1%0.1%0.1%0.50%Spreads0.2% Deposit fees N/AN/AN/AN/AN/AN/AN/AN/AN/A Withdrawal fees $5N/A0.0005 BTCN/AN/AN/AN/AN/AN/A Additional features Regulated ASIC, CySEC, FCACySECN/AN/AN/AFCAFCACBI, MiFIDN/A Min.Deposit $50100 EURN/AN/A$10$10$2$100N/A Leverage N/AN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1 - 30x1-200x Latest prices by currency Bitcoin $27400$27400$27400$27400$27400$27400$27400$27400$27400 Ethereum $1640.24$1640.24$1640.24$1640.24$1640.24$1640.24$1640.24$1640.24$1640.24 XRP $0.530084$0.530084$0.530084$0.530084$0.530084$0.530084$0.530084$0.530084$0.530084 Tether $1$1$1$1$1$1$1$1$1 Litecoin $64.37$64.37$64.37$64.37$64.37$64.37$64.37$64.37$64.37 Bitcoin Cash $229.18$229.18$229.18$229.18$229.18$229.18$229.18$229.18$229.18 Chainlink $7.56$7.56$7.56$7.56$7.56$7.56$7.56$7.56$7.56 Cardano $0.256452$0.256452$0.256452$0.256452$0.256452$0.256452$0.256452$0.256452$0.256452 IOTA $0.150163$0.150163$0.150163$0.150163$0.150163$0.150163$0.150163$0.150163$0.150163 Binance Coin $211.64$211.64$211.64$211.64$211.64$211.64$211.64$211.64$211.64 Stellar $0.112613$0.112613$0.112613$0.112613$0.112613$0.112613$0.112613$0.112613$0.112613 Bitcoin SV $36.71$36.71$36.71$36.71$36.71$36.71$36.71$36.71$36.71 Payment methods Bank Transfer Credit Card Giropay Neteller Paypal Sepa Transfer Skrill Sofort Where to Buy Bitcoin with Debit Card in October 2023 To buy Bitcoin with a debit card, first, you must find a brokerage platform with the best terms and user experience. There are plenty of platforms to trade Bitcoin, but not all offer convenient and safe trading. Hence, in this part of the guide, we will introduce the best five brokers allowing you to buy Bitcoin online via debit card. 1. eToro – Buy Bitcoin with Debit Card 0% Commission can only be promoted when referring directly to real stocks/ETFs investments. From our investigation, eToro is the best broker to purchase Bitcoin using your debit card. It’s a heavily regulated brokerage platform that was founded in 2006 and has a well-established reputation. The platform boasts of having more than 20 million users from several countries worldwide, and it is well-known for its social trading platforms. The latter allows you to get in touch with other traders of eToro, and use such tools as CopyTrader to duplicate the trades of experienced users. One of the best things about eToro is that it offers a wide selection of assets without paying commission fees. Instead, there are low buy-and-sell spreads when you buy Bitcoin or other cryptocurrencies. As for eToro’s non-trading prices, they are pretty convenient. There are no deposit fees when you fund your eToro account with a debit card or other payment method. But, the only fee you need to consider is a small conversion fee charged when you fund your account with a currency other than USD. Withdrawal fees are also lower than average: eToro charges a $5 fee every time you withdraw your cash. The platform also has a minimum deposit of $200 which you must deposit to trade. The safety of eToro is guaranteed as FCA regulates it in the UK, FinCEN in the US, ASIC in Australia, and CySEC in Cyprus. Pros 0% Commission can only be promoted when referring directly to real stocks/ETFs investments. Strong regulations and privacy policy Multiple payment methods A wide selection of assets Well-established social trading platform Both CFD and outright trading are available eToro USA LLC does not offer CFDs; only tangible Crypto assets are available. Cons Lacks many advanced tools for experienced traders Small conversion fees for non-USD contracts Visit eToro This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, with no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. 2. OKX – Buy Bitcoin with Debit Card at No Cost Our second pick as the best place to buy Bitcoin with a debit card is OKX. OKX is the world’s fifth-biggest cryptocurrency exchange, maintaining a 24-trading volume of around $800 million. This platform has listed over 350 exchanges and supports everything from standard trading features like P2P trading to veteran-specific utilities like spot trading, derivatives trading, margin trading, and block trading. Like eToro, OKX also offers Copy Trading, allowing users to follow the trading signals created by the more successful traders of OKX. For people who want to have even an easier time trading, OKX offers trading bots as well. The trading fee on OKX is based on the maker/taker model, which can be reduced by holding OKB tokens. VIP traders whose assets are more than or equal to $100k in their trading account or whose 30-day trading volume is more than $10 million also enjoy a lower trading fee. In terms of security features, beyond standard security features, OKX has also implemented OKX Risk Shield, an asset-risk reserve holding a portion of a user’s assets. Till now, close to $700 million worth of assets are held in this reserve. Pros Supports multiple payment methods Offers over 350 cryptocurrencies Copy trading and trading bots are available Has implemented a reserve to keep a user’s assets secure Cons Not available in the US Visit OKX Your capital is at risk 3. Bybit Bybit is a smart, convenient, and intuitive cryptocurrency exchange platform offering options, including DeFi, Spot and Margin trading, and Derivatives trading. With over 5 million users, Bybit has built a strong network of traders ranging from novices to experts, who benefit from the platform’s diverse portfolio of over a hundred digital assets and contracts. It has one of the highest trading volumes in the industry, bringing in new users regularly- a possible reason for this would be its easy registration process, which eliminates the need for a KYC. Although established in 2018, it is a relatively new platform, and the trading fees are one of the most competitive in the market. Bybit charges a maker-taker fee of 0.025%-0.075%, respectively. This figure is reasonable compared to the industry average of 0.063% for takers and 0.25% for makers. The platform accepts various payment methods, most prominently debit/credit cards. The platform offers up to 100x leveraged trading on perpetual futures contracts. It uses the MetaTrader 4 and its Dual Price Mechanism (Mark Price and Last Traded Price) system, making the platform intuitive. The platform offers flexible staking options for 9% APY, bonuses crossing over $3000 USD, and the attractive offer of Dual Asset Mining, with the opportunity to earn up to 400% APY. Additional features that set ByBit exchange apart are its Smart Trading System with charting tools and market information, 100K TPS Matching Engine, HD Cold Wallet, and its high-powered system functionality. The platform does not demand any minimum deposit amount or charge any deposit fees. Bybit encourages potential users to sign up with welcome rewards of up to 600 USD and other incentives such as earnings from referral programs. Visit Bybit 4. Huobi Huobi is one of the most impressive exchange platforms in the cryptocurrency market today. Since its launch in 2013, it has only grown more popular. With its unique features, like the Huobi Wallet and its alternative Huobi Autonomous Digital Asset Exchange (HADAX) market that supports altcoins and tokens, users can benefit from Huobi Global’s state-of-the-art user interface and functionality. Besides having its own native Huobi Token (HT), Huobi has over 400 cryptocurrency assets, 1000 trading pairs and is regulations-compliant in economies worldwide. The platform charges a trading fee of 0.2%, and there are no deposit fees when buying P2P. Additionally, the platform, with the launch of Huobi Lite, has enabled commission-free trading, including crypto-to-crypto swaps with zero fees, providing users with a competitive edge. The minimum deposit amount is 100 USD. It is helpful for new investors to know that Visa card is acceptable for cardholders in most European countries and Australia, whereas, MasterCard is acceptable for cardholders in the United Kingdom, Gibraltar, and Poland. It is a good bet to invest in Huobi as the platform is constantly reinventing itself; apart from its novel Huobi DeFi Wallet and free Trading Bot, some of its recent innovations include: A card discount program for all platform users, valid for a period of 3 years A Star Atlas, a proprietary on-chain analytics tool to monitor on-chain cryptocurrency transactions for illicit activities The launch of perpetual swaps, a derivative product that enables users to hedge risk better and create leveraged arbitrage opportunities in volatile market conditions Pros Accepts both VISA and Mastercard Reliable 24/7 support 0% fees when buying P2P Cons It doesn’t support Paypal unlike eToro Account registration involves a lengthy procedure Visit Huobi 5. Crypto.com Crypto.com, a platform launched in 2016, is fast rising to be one of the most coveted cryptocurrencies and digital assets exchange for all. The platform supports over 250 cryptocurrencies, making it one of the most extensive collections in the market. It also allows cryptocurrency trading, staking, swapping, and a distinct NFT trading platform. Crypto.com charges a competitive trading fee of 0.4%, which can be further reduced with increasing discounts and CRO bonuses. An exciting feature of Crypto.com is its distinct incentives- wherein trading fees decline by 10% upon staking a minimum amount of 5000 Crypto.com coins (CROs). Crypto.com Earn allows users to earn a high-yield interest of 8.5%-14.5% on stablecoins over a flexible period. Crypto.com does not charge new users any debit/credit card fee for the first 30 days of accessing the platform’s benefits or while making any transactions. Another draw for users who want to make payments via debit/credit cards is Crypto.com’s offer of earning up to 8% cashback on purchases with a Crypto.com Visa Card. Users can use five prepaid Visa Cards; for example, the Obsidian Card pays a cashback of 8%, the Midnight Blue Card gives a cashback of 2%, and the Ruby Steel Card a rate of 1%. The platform is also affordable, with a debit/credit card fee of 2.99%, as there is no hidden charge or separate fees to exchange crypto-to-crypto or deposit cryptocurrency assets in the mobile app (which is available on both Google Play and the App Store). Pros Up to 14.5% per year interest on stablecoins, 8.5% on Bitcoin Bitcoin debit card for use at retailers DeFi wallet and farming Bitcoin debit card and wallet – card comes with many benefits Cons US investors are partially restricted Charges high spread fees Visit Crypto.com 6. Libertex – Buy Bitcoin with No Spreads Libertex is one of the oldest CFD trading platforms that is best known for forex trading for professional traders. But, the broker supports the MetaTrader4 trading platform, where you can buy other assets and cryptocurrencies, including Bitcoin. The difference between Libertex and other CFD platforms is that Libertex does not charge any spreads when you buy or sell assets. Instead, it sets competitive commission fees every time you make a trade. To buy Bitcoin with a debit card on Libertex, you must pay a small transaction fee of 1 EUR, which is very low, especially when you trade high amounts of BTC. As mentioned, Libertex offers two trading platforms – an in-house built platform designed for beginners and experts and the well-known MetaTrader4 trading platform. Regarding your safety, Libertex is regulated by two top authorities, so your trades will stay secure. Pros Zero-spreads CFD trading platform A well-established broker that has operated for 24 years Accepts various payment methods Supports MetaTrader4 platform Good regulatory systems Cons Offers only CFD trading BTC is available only via MetaTrader4 Visit Libertex 7. Uphold – Easy Web & App Trading Trusted by 7 million users across 184 countries, the Uphold exchange platform, app, and debit card are a fast and convenient way to buy Bitcoin. Alongside their website, they also have an app on Google Play and the App Store for Android and iOS users. Uphold charges a spread of 0.85% when buying Bitcoin and 1% when selling. Some other popular assets you can invest in with Uphold include Apple stock, Amazon, AT&T, Tesla, Gold, Silver, Platinum, Palladium, and more. Their motto is ‘anything to anything’ trading. They also open investing to anyone through fractional stock trading – you can invest as little as $1 in companies like Google. Unlike some online stockbrokers, you must accumulate much capital to get started. Pros No deposit or withdrawal fees Debit card pays 2% cashback for using crypto Also, buy and trade stocks, metals, fiat currencies Cons Paypal not yet supported Fewer crypto assets are supported than larger exchanges Visit Uphold 8. Capital.com – Buy Bitcoin with Debit Card on an AI-based Platform Capital.com is a relatively new CFD and Forex broker, with over a million registered users from 50 countries. It was founded in 2016 and has offices in London, Gibraltar, and Cyprus. Also, it is among the first brokers to incorporate AI technologies to provide its users with tips and ideas for trading. Capital.com is strongly regulated by four tier-1 companies, including FCA, ASIC, CySEC, and the National Bank of the Republic of Belarus (NBRB). As for its trading fees, the broker does not set commission fees, but there are rollover fees when the position is held open overnight. Capital.com also charges tight spreads that are relatively low compared to other CFD brokers. Apart from debit cards, you can also use wire transfers, credit cards, and many e-wallets to charge your account. At last, there are no inactivity fees on the platform, and the broker does not charge any annual management fees. Pros Competitive trading fees Many payment options Simple and easy-to-use trading platform Offers Standard, Plus, Premier, and Invest account types Small deposits of $20 to start trading No inactivity fees An AI-based trading platform Cons Bitcoin is available only through CFDs Deposits are higher for more advanced accounts Visit Capital 9. Coinbase – Buy Bitcoin with the Largest Crypto Exchange in the US Coinbase is a cryptocurrency exchange platform supporting over 50 crypto assets and is considered one of the market’s most user-friendly crypto trading platforms. It was founded in 2012 in San Francisco and has attracted more than 68 million users worldwide. This is mainly because Coinbase stands out with its good reputation and is considered the largest cryptocurrency exchange in the US in terms of liquidity market. You may be a bit confused by the exchange’s pricing system. Overall, the platform charges relatively higher fees, but it compensates users with the excellent user experience that the platform provides. Trading fees on Coinbase can vary from $0.99-$2.99, depending on the BTC you buy. Plus, it charges a commission fee of $3.99 when you fund your account with a debit card. Coinbase offers two trading accounts – a standard account adapted for newbies and more experienced traders. And it provides an alternative for professional active traders – Coinbase Pro, which stands out with lower fees but supports fewer cryptos. Coinbase also has an advanced mobile app for Android and iOS users. Pros A wide selection of cryptocurrencies Well-designed mobile app Simple-to-use trading platform Good security systems Low minimum trades Offers cryptocurrency wallet Cons Higher than average trading fees Provides email support for customers Visit Coinbase Everything to Bear in Mind When Buying Bitcoin with Debit Cards In this section of our guide, we will sum up everything you need to consider before buying bitcoin with a debit card. Debit Card: The first thing to do in the process is to issue a debit card if you still don’t have one. If you already have debit cards, make sure that brokerage platforms accept the type of debit card you own. Find a good broker: A good broker can indirectly help you get more returns. The first things to consider when you select a platform are their reputation, fees, user experience, and whether they accept payments through debit cards. Trading fees: The pricing system is the next thing that plays a significant role in your trading process and capital gain. Also, pay attention if there are any extra fees for debit card transactions. Transaction speed: Another crucial thing to consider is how long it takes to complete a transaction with a debit card. In this sense, debit cards usually have privileges over other payment methods as they are faster and simpler, but, once again, this may differ depending on the brokerage platform. Safety: Safety is among the most vital things you must consider. The problem is that you provide your card details to a platform without knowing how they will use it later. So, you need to select a trustworthy broker that won’t use your data illegally. Bitcoin wallet: When you get your bitcoins, you must find a safer place to store them. Bitcoin wallets are designed for this purpose – an excellent method of keeping your coins decentralized and away from any third party. Taxation: You will also be taxed for your earnings when you trade Bitcoin. So, you must examine how Bitcoin is taxed and inform the appropriate government body to pay the taxes. Safety and Security When Buying Bitcoin with a Debit Card Safety is one of the most crucial factors you need to consider when buying Bitcoin with your bank cards. Essentially, you provide vital information about your card details, personal data, etc. So, there are two things you need to worry about – how will the brokerage platform protect your data, and how secure is it to trade on the platform? With all this in mind, you need to select a broker with a high security and privacy policy. Finding a broker with heavy regulations and strong security can solve all these problems and significantly lower the risks of information leakage. Security is a key factor when recommending a broker, so we always select brokers with rules and strong regulations to protect your privacy. Apart from not sharing your details with a third party, our top brokers also use SSL encryptions to ensure that nobody other than you can access your account or debit card. Reviewing the brokers we offer, you can be sure that all of them are regulated by top authorities and use two-factor authentication or other security systems to provide safe trading. Buying Bitcoin with Prepaid Debit Cards Several brokerage platforms allow you to buy Bitcoin with prepaid cards with privileges over other payment options. Prepaid cards are becoming a more and more popular method for purchasing cryptocurrencies. First and foremost, these cards are more secure because you provide fewer card details than debit cards. The next great thing is that you can use only the balance you deposited on your card. It means that when you deplete your funds on your prepaid cards, you cannot take any debts, which lowers the risk of investing more than you can afford. Plus, your checking accounts are not connected to your prepaid card. Hence, if someone could hack and get your card details, they could not access your other accounts. To learn more about this payment option, visit our Buy Bitcoin with Prepaid Card guide. How to Store Bitcoin on a Digital Wallet When you buy Bitcoin with a debit card, you keep them in your brokerage account, which is a centralized platform. So, if you aim to keep your coins for a long time, you must find a more secure 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 private keys only accessible to you. Bitcoin wallets can be of two kinds – hot and cold storage wallets. Cold storage wallets are considered the most secure medium to store your cryptocurrencies. These hardware devices you purchase can offline protect your 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. Buying Bitcoin Anonymously with Debit Cards You can also buy Bitcoin anonymously with a debit card using a peer-to-peer marketplace, where you contact the sellers and purchase directly from them – no broker or other third party is involved. Still, we should note that this method of purchasing cryptocurrencies is not the safest. Still, if you want to buy Bitcoin anonymously and reduce the risks, you need to choose a marketplace that uses an escrow mechanism. This way, you can be sure you will get your coins after paying for them. Meanwhile, though top brokers require you to go through a verification process, they possess a privacy policy not to share your data with anyone else. Neither can they track how you will use your BTC afterward. Taxation on Bitcoin Earnings in the US Bitcoin and other virtual currencies are classified as property by the US Internal Revenue Service. So, if you gain any capital in trading bitcoin, you need to inform the government about your gains and be appropriately taxed. You will pay different taxes depending on how long you have held your BTC before you sell them and gain capital. So, there can be long-term and short-term capital gains where the percentage of earnings you must pay as taxes is different. We suggest you visit the IRS page for more information about how to inform your Bitcoin rewards and how you will be taxed. Conclusion Buying Bitcoin with a debit card has some privileges over other payment methods. One great thing is that transactions are faster than in the case of wire transfers and e-wallet options. It was too difficult to buy Bitcoin via a debit card in the past, but things have changed significantly. And now, several brokers and exchanges accept this method for purchasing Bitcoin and other altcoins. Still, there are certain things to consider before selecting a brokerage platform to start trading, the most important being privacy and pricing system. In this guide, we have reviewed and made a list of the best brokers for buying Bitcoin with a debit card. So, to start, you can select the broker that best suits your requirements and use our guide to start buying Bitcoin online with a debit card. Read more: 6 Best Bitcoin Credit and Debit Cards How to Buy Bitcoin with Credit Card Best Platform to Buy Bitcoin with Debit Card Our Rating Free Wallet for 120+ Cryptocurrencies and Staking Rewards Debit Card & Credit Card Deposits Accepted - VISA, Mastercard, Maestro, Amex Trusted by Millions of Users trading Crypto, Forex, Commodities, ETFs CySEC, ASIC & FCA regulated Visit eToro 81% of retail investor accounts lose money when trading CFDs with this provider. FAQ How to buy bitcoin with a debit card? To buy bitcoin with a debit card, in the first place, you need to open an account on a brokerage platform or a crypto exchange that accepts debit cards as a payment option. Secondly, you need to link it to your brokerage account and fund it. With a verified and funded account, you can then start buying bitcoin. Where to buy bitcoin with a debit card? In terms of security and pricing systems, brokers are the best platforms to buy bitcoin with a debit card. To start, you need to find the broker that best suits you and create an online account. How to buy bitcoin instantly with a debit card? The period of funding your account with a debit card depends on the trading platform you will use. With debit cards, you can charge your account more quickly compared to wire transfers. So, with the top brokers that we included in our list, it won’t be a problem to buy bitcoin instantly with a debit card. Where can I buy bitcoin online with a debit card? We have made a list of the top brokers that we mostly recommend to buy bitcoin with a debit card. Our top recommended broker is eToro, while Libertex, Coinbase, Capital, and Pus500 - which are all excellent platforms for purchasing bitcoin. How can I buy bitcoin anonymously with a debit card? You can buy bitcoin anonymously with a debit card on peer-to-peer exchange platforms. In these platforms, you directly communicate with the seller. First, you need to browse the platform to find the seller that suits your requirements, then you should contact them to plan the details of the contract. How long does it take to get my Bitcoins after using a debit card? Transactions are usually conducted faster with debit cards, but it also depends on the exchange you use. The best brokers mainly verify your purchase in a matter of minutes or hours. Are my debit card details stored on the Bitcoin exchange site? Your information is stored on the brokerage/exchange platform, but top brokers and exchanges usually have a policy not to provide your details with anyone else and protect your account so that no one can access it other than the user. Is it safe to buy Bitcoin with a debit card? It depends on the trading platform you choose. You can safely buy bitcoin with debit cards on top brokers with excellent regulatory systems and privacy policies. They use SSL protocols to protect your safety and don’t share your data with a third party.