How to buy Bitcoin or Crypto with a Debit Card

As mentioned above, the easiest method to buy Cryptocurrencies with a debit card on over 120 countries is through Uphold. Their platform offers the ability to buy, sell and stake over 300 cryptocurrencies in a trusted and regulated environment. The fee to deposit fiat with a debit card is 3.99% - which is line with industry standards with competitors like Coinbase or eToro.

That said, their fees are cheaper once your funds or on the platform and start at 0.5%. This is significantly higher than Coinbase who charge 2% or eToro who charge over 1% per trade.

You can get started on their platform with this simple guide:

  1. Sign up to Uphold with your email address and complete the verification requirements.
  2. Select 'My Cards' to connect your Debit Card and deposit any amount you would like.
  3. Select the fiat currency you want to deposit (USD, EUR, GBP, AUD + 30 more).
  4. Find the crypto on the platform you want to buy and execute your trade.
Buy Crypto with Debit Card
Buy Crypto with a Debit Card.

Is it safe to buy Crypto with a Debit Card?

Yes, it is safe to buy cryptocurrency with a debit card. However, you should be aware of the risks associated with using electronic payment methods and always make sure to use reputable exchanges and brokers when buying crypto. It’s also important to keep your debit card information secure and never share it with anyone else.

Finally, you may also want to consider buying cryptocurrency from an established broker or marketplace that offers secure transactions and customer support. With the right tools and precautions in place, buying cryptocurrency with a debit card can be a safe and convenient way to invest in crypto.

What are alternative exchanges for Debit Card deposits?

For investors looking to do deeper due-diligence outside of our recommended pick, these are our next 5 favourite exchanges to invest in crypto with a Debit Card. All platforms are also licensed and regulated:

  1. Coinbase - US & Europe
  2. eToro - US & UK (plus 11 other countries)
  3. Binance - Global
  4. Kraken - US, Canada, EU & Japan
  5. Bitstamp - EU & North America.

What are alternative methods to invest in Crypto?

Using Debit Cards as a deposit method is one of the most expensive ways to get started investing. The most popular alternative is a bank transfer, which is typically capped at a $10 deposit fee, or can be free in countries like the USA, UK, Europe, Australia and more.  

You can also use a wire transfer to deposit funds, with most brokers offering no-fee deposits (Uphold again is an example of this). Finally, you can purchase cryptocurrency directly from the exchange using cash. This method is available on platforms like LocalBitcoins and Paxful.

Final Thoughts

Investing in cryptocurrency with a Debit Card is a safe and convenient way to get started. Make sure that you select an exchange or broker that is licensed and regulated, as well as offering secure transactions, customer support and convenient deposit methods. Uphold is our top pick for buying crypto with a debit card due to their low fees and trusted platform. However, if you are located in the USA or Europe, Coinbase is also a great option.

Remember that investing in cryptocurrency carries risk and always make sure to do your own research before opening an account.  Once you’ve found a suitable platform, buying crypto with Debit Card should be easy and straightforward.