Buy Bitcoin with Debit Card

When you are purchasing products or services online, it is a convenient option to use your credit or debit card. In some cases, you can buy bitcoin with debit card.

Bitcoin users are always looking for fast and easy ways to buy virtual currency. Aside from Virtual World Exchange, they have a list of options.

Skrill

You can use your debit card through Skrill ( former Moneybookers ) to buy cryptocurrency. However, there is a limitation on the amount of money you can transfer a day or a month.

Exchange websites

There are secure, reputable websites where you can buy bitcoin with debit card. In Europe, it will be Exmo, an online exchange which allows you to buy bitcoin with debit card or credit card, Visa and Mastercard.

Peer-to-Peer Trading Marketplaces

Peer-to-peer trading marketplaces like Brawker or Purse give you an option to buy bitcoins with debit card or credit card, if indirectly. These sites are intermediaries between you and individuals who want to buy products from different websites, using their bitcoins. Several sites do not support digital currencies, so the bitcoin owners (sellers) have to find people (buyers) who are willing to trade bitcoin for fiat currency like USD, EUR or GBP. The seller sends the price of the item to the P2P marketplace, along with the discount they want, which is usually about 25 percent. You, the buyer, seek for the website that sells the product, and you order the product for the bitcoin seller. You pay for the product with fiat currency through the P2P marketplace. When you pay, the site will post the product to the address of the bitcoin seller. Once the bitcoin seller receives the product, they will signal to the marketplace that the purchase is completed. The marketplace will transfer your money to your bitcoin wallet. You have to pay a high fee for this transaction, and the process is complicated.

CoinCorner and Bittylicious

In Great Britain, you can find a couple of exchanges that accept direct payment from debit card or credit card for virtual currency; however, it is a rarity.

A British exchange, CoinCorner, enables users to buy bitcoin with debit card or credit card. They also provide you options to buy other cryptocurrencies with your debit or credit card.

Bittylicious also offers this option.

CoinCorner accepts 3D secure credit and debit cards; they have implemented these security measures to prevent frauds. They also accept a debit card in case the bank that issued the card takes liability and ignores 3D security.

CoinCorner supports bitcoin, Dogecoin and litecoin. CoinCorner also has a mobile wallet option.

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