Now Buy Bitcoins Using Prepaid Cards: Here Is How

Buy bitcoin with Prepaid card

Want to buy Bitcoin with prepaid cards?

Read on…

We all know Bitcoin wasn’t as popular back in 2011-2012, but now, since the crypto madness has caught everyone, everyone wants to know about Bitcoin and also wants to own a piece of it if not one whole Bitcoin.

The best part is, it has become effortless to buy BTC compared to the initial days.

Now you can buy Bitcoin for cash, for a bank transfer, for gift cards, via credit/debit cards and also with prepaid cards.

And to your surprise and mine, many people want to buy BTCs with prepaid cards.

That’s why for those of you who don’t know what a prepaid card is, here is a simple explanation:

A prepaid card is very different from a bank account debit card. A bank account debit card is linked to your checking account. A prepaid card is not linked to a checking account. Instead, you are spending money you loaded onto the prepaid card in advance.

There are quite a few services that lets one buy Bitcoins with prepaid cards. Some of them are listed below. Take a look:

Where You Can Buy Bitcoin With Prepaid Card

1. Coinmama

Coinmama

Coinmama is a digital financial service company operating in the cryptosphere ever since 2013 from Israel but is originally a venture of NBV International registered in Slovakia. It allows investors to buy popular coins such as ETH, BCH, ADA, LTC, etc., including BTC. Prepaid cards are also supported by Coinmama for buying BTC and other currencies.

  • Fees: Simplex, Coinmama’s credit/debit card processor, charges a 5% additional fee (with a minimum cap of USD 10) on each transaction. Only Visa/MasterCard are supported.
  • Countries Supported: They operated in over 180 countries.
  • Additional Comments: Reliable and trusted service.

2. Coinbase

Coinbase

Coinbase is a popular name in the world of cryptocurrencies and is a digital currency exchange based in the US since 2012. It is a broker exchange which serves 32 countries with four digital currencies including BTC.

  • Fees: 3.99%
  • Countries Supported: Serves 32 countries.
  • Additional Comments: Reliable and trusted.

3. CEX.io

CEX.io

CEX.io is an old cryptocurrency exchange service operational since 2013, from London, UK. The list of cryptocurrencies available on the platform includes Bitcoin, Ether, Ripple, XLM, Bitcoin Cash, Dash, Zcash, and Bitcoin Gold. And the good news is that it supports VISA & Mastercard powered cards including prepaid cards.

  • Fees: Up to 3.5%
  • Countries Supported: All countries, except a few. (Deposits/Withdrawals)
  • Additional Comments: Reliable and trusted.

4. LocalBitcoins

LocalBitcoins

LocalBitcoin is a popular Bitcoin start-up that facilitates over the counter buying/selling of bitcoins for a nominal fee since 2012. The company, based out of Finland, has a network of Bitcoin buyers & sellers around the world. The good thing is, you will find many buyers and seller dealing in BTC via prepaid debit cards from across the globe.

LocalBitcoins Portal
  • Fees: Buyer/Sellers who create ads are charged 1% fee for every completed trade.
  • Countries Supported: All countries.
  • Additional Comments: Reliable and trusted.

5. Bitpanda

bitpanda

Bitpanda is a famous crypto exchange in Europe and is based in Vienna, Austria, where it was founded in 2014. It supports multiple payment options while buying Bitcoin, one of them being prepaid cards.

  • Fees: 3-5%
  • Countries Supported: European countries can buy; seller can be anyone.
  • Additional Comments: Relatively unknown and less traction here.

Also, read: BitPanda review

6. Paxful

Paxful

Paxful is a peer-to-peer Bitcoin marketplace connecting buyers with sellers just like eBay for Bitcoin. You need to select your preferred payment method and type in how many bitcoins you need.

  • Fees: Seller pays 1%, the buyer pays nothing.
  • Countries Supported: All countries.
  • Additional Comments: Relatively unknown, less traction here.

Note: The volume remains low on this exchange, but still you can go ahead and purchase BTC with the prepaid card via Paxful.

Conclusion: How To Buy Bitcoin With Prepaid Card

One needs to go through a complete KYC check and registration of their cards before buying bitcoins on either of the exchanges mentioned above. An exception to this is a service like LocalBitcoins which is peer-to-peer.

Apart from that, it is always advised to never to use these services’ wallets as your permanent wallet because they all provide hosted wallets where you don’t control your private keys. Some good self-hosted wallets are listed below for your safety:

Here, Coinmama is an exception because Coinmama doesn’t provide an inbuilt wallet for buying BTC, a good security measure.

So what are you waiting for?

Go ahead and buy your first BTC if you haven’t bought it yet because in the long term its value is only expected to increase.

Lastly, if you have questions or doubts about the listed services, feel free to shoot them in the comment section below 🙂

Here are a few other articles for you to read next:

4 thoughts on “Now Buy Bitcoins Using Prepaid Cards: Here Is How”

  1. Going through with the KYC process is convenient in countries wherin the banks recognise the use of cryptocurrencies whereas I’m from India and now residing in Dubai so how can I buy digital currency as I can’t go thru with kyc both in india or Dubai

  2. Really Bitcoin was not popular in 2012, but now,crypto madness has caught everyone, everyone wants to know about Bitcoin and also wants to own a piece of it if not one whole Bitcoin.The best part is, it has become effortless to buy.One of the world’s first non-custodial Cryptocurrency Trading Platform is BBOD Trading.

  3. Hi there! Thanks for the article! I can recommend you to visit linkkoin.com, very low fees, quick verification, and fast payment using credit card. Just visit the website and check it for yourself.

  4. Coinbase does not let you buy anything on their wallet with a visa prepaid debit gift card. I just tried it does not work.

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Howdy, Welcome to the popular cryptocurrency blog CoinSutra. Here at CoinSutra, we write about Bitcoin, wallet management, online security, making money from Bitcoin & various aspects of cryptocurrencies. You can read more about CoinSutra on the “About” page.
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