How to Buy Crypto with a Debit Card

Can I Buy Bitcoin with a Debit Card?

Yes, you can purchase Bitcoin, Ethereum, and Tether using a debit card by funding your account on regulated crypto exchanges in the UK, USA, Asia, Europe, and Australia. It’s essential to select a platform that complies with your local laws for regulatory compliance. Debit cards are a popular option due to their convenience and instant access to digital currencies.

‍

How to Buy Crypto with a Debit Card

Investors who want to purchase cryptocurrencies using a debit card should use Bybit as it facilitates deposits in 65 fiat currencies, including USD, EUR, GBP, SGD and AUD. Bybit is accessible in over 160 countries, offering a multilingual interface in 24 languages and is globally regulated. The platform provides access to more than 1,300 digital currencies to trade.

Start your crypto investment journey with a debit card by following these steps:

1. Register: Visit the Bybit website and sign up for a new account. Complete the registration by providing your details and verifying your identity.
2. Select Payment Method: Once your account is verified, navigate to the 'Buy Crypto' section. Choose your deposit currency and select a debit card as your payment method.
3. Choose Your Crypto: Browse the platform to select the crypto you want to purchase.
4. Complete Purchase: Enter the amount you wish to invest, review your order details, and execute your trade.

‍

What are the Fees?

When using a debit card to buy cryptocurrencies on an exchange, you'll encounter several types of fees, including those for depositing and withdrawing funds and trading tokens. On most digital asset platforms, trading fees typically range between 1% and 2%.

Bybit offers a competitive fee structure for users purchasing crypto with a debit card. The platform charges a 0.1% fee for spot trading and even lower costs for futures trading, with 0.02% for makers and 0.06% for takers. Additionally, Bybit does not impose extra fees for debit card deposits, making it an affordable choice.

‍

What is a Crypto Debit Card?

‍A crypto debit card lets users spend cryptocurrency directly from their digital wallets, converting it to fiat currency instantly at the point of sale. The Bybit Card, a Mastercard debit card, is a prime example. It supports more than 1,300 cryptocurrencies, works at over 90 million Mastercard merchants globally, and offers benefits like no annual fees, instant crypto-to-fiat conversion, and loyalty rewards. 

‍

Bottom Line

In conclusion, purchasing crypto with a debit card is a secure way to enter the digital asset market, offering instant transfers and compliance with local regulations. Bybit is a top choice, supporting 65+ fiat currencies for deposits and over 1,300 cryptocurrencies, with competitive fees and robust trading options. As a global exchange, it can be used in 25 languages.