How to Buy Crypto with Afterpay

Summary: Afterpay can facilitate cryptocurrency purchases indirectly through exchanges that accept the Afterpay Card, despite not handling crypto transactions itself. Bybit, renowned for its commitment to international standards, allows deposits via the debit card, giving access to a wide selection of over 1,000 cryptocurrencies in more than 150 countries.

To buy crypto, set up an account on Bybit, fund it using the Afterpay Card in currencies like USD, EUR, and AUD, and then acquire your desired cryptocurrency. Note the variation in fees across platforms, with Bybit providing a competitive edge through its low trading fee of 0.1%.

Can I Buy Crypto with Afterpay?

Yes, purchasing cryptocurrencies via Afterpay is possible, primarily through platforms that accept debit cards and mobile payments like Apple Pay or Google Pay. To buy crypto, find exchanges that support the Afterpay Card, and use it to directly purchase cryptocurrencies or to deposit traditional currencies like US Dollars, Euros, or Pounds into your trading account. While Afterpay itself doesn’t handle crypto transactions directly, it facilitates smooth purchases on exchanges that welcome their debit card

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How to Buy Crypto with Afterpay

Buying cryptocurrencies like Bitcoin, Ethereum and Solana through Afterpay is streamlined on platforms such as Bybit. Bybit stands out for its adherence to international standards and a user-centric interface, presenting an extensive array of over 1,000 cryptocurrencies. The Afterpay Card acts as a versatile payment option on Bybit, supporting transactions in multiple currencies like USD, EUR, and GBP.

Follow these steps to get started on Bybit:

1. Account Creation: Navigate to Bybit's website to sign up.
2. Fund your Account: Once logged in, select the Afterpay Card to add funds in your currency of choice.
3. Search for your Crypto: Move to the trading section to find the digital asset you want to buy.
4. Execute Purchase: Specify the amount you'd like to invest, and proceed with the instructions to finalize your crypto purchase

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What are the Fees?

When converting traditional currencies like USD, EUR, and GBP into cryptocurrencies through Afterpay, users may face a range of fees for deposits, trades, and withdrawals. These costs can vary significantly among different crypto exchanges, with trading fees typically between 0.1% and 0.5%.

A standout for its low fees, Bybit offers a uniform trading charge of only 0.1% on all transactions. This competitive rate, along with Bybit's notable liquidity, makes it an optimal platform for investors using Afterpay to switch from currencies like USD, EUR, or AUD into digital currencies, promoting an efficient and economical investment process.

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Will Afterpay Support Cryptocurrencies?

Currently, Afterpay does not support transactions in cryptocurrencies, including well-known ones like Bitcoin and Ethereum. This is primarily due to the evolving characteristics of digital currencies. While cryptocurrencies are gaining traction and becoming more integrated into the financial landscape, they are still relatively novel. The regulatory framework for cryptocurrencies is in flux, lacking the established clarity seen in traditional finance.

For services like Afterpay, committed to stringent regulatory adherence, the uncertain regulatory environment for cryptocurrencies is a pivotal concern. Until a clearer and more stable regulatory framework is in place, integrating digital currencies into their payment system remains a complex challenge.

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Bottom Line

In conclusion, using Afterpay to buy cryptocurrencies offers an accessible and innovative route for investors to expand their digital asset collections. Through collaboration with exchanges like Bybit, which allows Afterpay Card deposits, individuals can explore over 1,000 cryptocurrencies in a secure, intuitive platform. With Bybit's notably low trading fee of 0.1% and the ease of transacting in familiar currencies such as USD, EUR, and AUD, this approach highlights the effective blend of traditional financial practices with the dynamic cryptocurrency sector.