6 Ways to Buy Bitcoin with a Debit Card

Last updated: 9/3/18

Buying Bitcoin with a debit card has become relatively easy in the past few years with the introduction of anti fraud systems for Bitcoin exchanges. However, these systems are quite expensive to operate and therefore exchanges will usually charge a premium for buy Bitcoin with a debit card.

Post summary

  1. Visit Coinmama
  2. Decide on a deposit amount
  3. Complete the id verification process
  4. Enter your Bitcoin address
  5. Complete the payment with your debit card

If you’re looking for additional options here’s a complete list of exchanges that allow Bitcoin purchases with a debit card.

Coinmama
Supported countries:
Worldwide
Fees:
Low
Buying limits:
Low
Overall rating:
4.5 Star Rating
CEX.io
Supported countries:
Worldwide
Fees:
Low
Buying limits:
High
Overall rating:
4.5 Star Rating
Bitpanda
Supported countries:
Eurozone
Fees:
Low
Buying limits:
High
Overall rating:
4.5 Star Rating
Coinbase
Supported countries:
33 Countries
Fees:
Low
Buying limits:
Low
Overall rating:
4 Star Rating
Bitstamp
Supported countries:
Worldwide
Fees:
Very low
Buying limits:
Low
Overall rating:
4 Star Rating
Virwox
Supported countries:
Worldwide
Fees:
High
Buying limits:
Medium
Overall rating:
3.5 Star Rating

Buy Bitcoins with a debit card through Coinmama

Pros: Good support, fast turnaround, respectable company

Cons: Limited countries in the US,

Overall rating: 4.5 stars

Coinmama supplies an easy way to buy Bitcoins with a debit card while charging a premium. The company has been around since 2013 and supplies a wide variety of cryptocurrencies aside from Bitcoin. Recently the company has improved its customer support substantially and has one of the fastest turnarounds for buying Bitcoins in the industry.

Visit Coinmama     Read our review     Step by step guide

Buy Bitcoins with a debit card through Cex.io

Pros: Reputable company, high buying limits

Cons: Limited countries available, relatively high exchange rate

Overall rating: 4.5 Stars

Cex.io has both trading services and brokerage services (i.e. buying Bitcoins for you). If you’re just starting out you may want to use the brokerage service and pay a higher fee. However, if you know your way around exchanges you can always just deposit money through your debit card and then buy Bitcoin on the company’s trading platform with a much lower fee.

Visit Cex.io     Read our  review    Step by step guide

Buy Bitcoin with a Debit Card at Bitpanda

Pros: Low fees, intuitive interface, multiple payment options

Cons: Limited to the Eurozone

Overall rating: 4.5 Stars

Bitpanda was founded in October 2014 and it allows residents of the EU to buy Bitcoins and other cryptocurrencies through a variety of payment methods (Neteller, Skrill, SEPA etc.).

The daily limit for verified accounts is €2,500 (€75,000 monthly) for credit card purchases. For other payment options, the daily limit is  €10,000 (€300,000 monthly).

Visit Bitpanda     Read our review    Step by step guide

Buy Bitcoins with a debit card at Coinbase

Feb 2018 Update: Coinbase has cut off new credit card purchases for US customers. However, debit cards are still an option on Coinbase.

Pros: User friendly interface, Relatively low fees, Established reputation

Cons: Not available worldwide, Support takes time to respond

Overall rating: 4 Stars

Coinbase is a well known Bitcoin broker that gives you the option the option to buy Bitcoins with a debit card on their exchange.

Buying Bitcoins with your debit card is free of charge (credit cards have a 3.75% fee applied). Keep in mind you will need to upload a government issued id in order to prove your identity before being able to buy the coins.

Visit Coinbase     Read our review     Step by step guide

Buy Bitcoin with a Debit Card at Bitstamp

Pros: multiple payment options, one of the oldest exchanges around

Cons: Not very user friendly, verification process can take a while, limited to US and EU

Overall rating: 4 Stars

Bitstamp is a fully licensed Bitcoin exchange that has been around since 2011. The website provides mainly trading services however they do have a brokerage option to sell you Bitcoins directly when buying with your debit card.

To finish your order you have to use 3D Secure. Some banks may consider your credit card deposit as a cash advance. If that is the case, your bank or debit card provider may charge extra fees.

Visit Bitstamp     Read our review    Step by step guide

Buy Bitcoins with a debit card through Virwox

Pros: No verification needed, available worldwide

Cons: High fees, poor support, low buying limits

Overall rating: 3 Stars

Virwox is the oldest exchange allowing you to buy Bitcoins via a debit card. The exchange doesn’t sell you Bitcoins directly – you will need to fund your account with your debit card, buy Second Life Lindens (SLL) and then exchange the SLL to Bitcoins. Due to the multiple exchanges occurring on the way fees can add up.

This exchange should be used as a last resort only. On the bright side if you don’t want to go through a verification process this is the exchange for you. The process on this exchange is probably the most expensive one and should be avoided if possible.

Visit Virwox     Read our review   Step by step guide

Buying Bitcoin with debit card exchange guides

The following section contains step by step guides for specific exchanges listed on this page.

Quick guide – Buying Bitcoins with a debit card through Coinmama

  1. Visit Coinmama and choose the number of Bitcoins you want to buy
  2. Sign up on the site and verify your identity
  3. Get a Bitcoin wallet and an address (Coinmama does not hold Bitcoin for you)
  4. Supply Coinmama with your Bitcoin address
  5. Complete debit card information
  6. Coins will be sent instantly


Quick guide – Buying Bitcoins with a debit card through CEX.io

  1. Visit CEX.io and sign up
  2. Go to “Finance” -> “Deposit” (make sure to select your own currency)
  3. Use your debit card to fund your account
  4. If you want to use the easy but expensive brokerage service go to “buy/sell”
  5. If you want to use the complex but cheap service go to “trade” and choose BTC/USD (or any other currency)


Quick guide – Buying Bitcoins with a debit card through Coinbase

  1. Create a Coinbase account
  2. Go to “settings” – “payment methods” and click “add payment method”
  3. Add you debit card
  4. Confirm your debit card
  5. Go to “buy/sell” and select the amount of Bitcoins you want to buy


Quick guide – Buying Bitcoins with a debit card through Bitpanda

  1. Visit Bitpanda and sign up
  2. Choose a cryptocurrency you want to buy (e.g. Bitcoin)
  3. Choose the “Visa/Mastercard” payment provider
  4. Enter the amount your wish to buy
  5. Click on “Next step”
  6. Confirm your order


Quick guide – Buying Bitcoins with a debit card through Bitstamp

  1. Visit Bitstamp and sign up
  2. Got “Deposit”
  3. Choose “Credit Card” as your payment option (this will work with a debit card as well)
  4. Deposit funds from your debit card
  5. After deposit is cleared go to on “Buy/Sell” and choose “Buy BTC”
  6. Enter the amount you want to buy and click on “Buy BTC”


Quick guide – Buying Bitcoins with a debit card through Virwox

  1. Visit Virwox and sign up
  2. Go to “deposit” and choose “credit/debit card”
  3. Fund your account with your debit card
  4. Go to USD/SLL (or EUR/SLL depending on your currency) and exchange USD for SLL
  5. Go to SLL/BTC and exchange SLL for BTC (new users can be delayed up to 48 hours)
  6. Go to “withdraw” and send your newly acquired Bitcoins to your Bitcoin wallet


Conclusion – Convenience at a price

Using your debit card to buy Bitcoins may be convenient but it’s also more expensive. If you’re buying a relatively large amount of coins and you have the option I suggest always using a bank transfer. However if the amount is that big sometimes paying the extra 3%-5% is worth the time saved. If you have any questions feel free to leave them in the comment section below.

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Kibet Elkana
Member
Member
Kibet Elkana

I am attempting to purchase Bitcoins with a Global Cash debit card through Coinbase and Coinmama however, neither will accept my valid card, why

Ruffin
Guest
Ruffin

I want to trade in MORE than just Bitcoin, for ex.: Ripple, Ethrum, Polymath, and there are hundreds to choose from. Which is the best exchange to do that from?

charles000
Member
charles000

I tried setting up my account on Coinbase, but was a bit surprised at the labyrinthian series of steps I had to repeat, as in multiple times sending in various photos of my drivers license, multiple different selfi photos, and so on. This was attempted on 2 different computers, in both cases with Chrome. I was finally able to link a debt card to my account, but then discovered I have a “0 dollar” limit (???). So now, I’ve been told to wait several business days for their tech support to resolve this . . .

Ehson
Guest
Ehson

Coinmama is crap. Don’t recommend using them at all. Support gave me zero help and basically told me to go somewhere else? Okay.

bccd
Guest
bccd

coinmama asks for verification no matter the amount you buy

Jon
Guest
Jon

Cex does not support New York. I just tried and it didn’t go through.

Joe
Guest
Joe

If you use a dedit card for trading with Coinbase the limit is only Eur 500 for the first 40 days. Not $10,000!

Rendy
Guest
Rendy

The Platform is currently working in demo-mode, as explained in this post. Sorry for inconvenience! If you register an account, we’ll update you as soon as we start orders processing, we plan to do it in March.
We’re sure you won’t regret the waiting

Drake
Guest
Drake

I have a coinbase account, but every time I try the verifification process it never completes, just runs and runs. I use a Kenyan Passport but I am in the US. Is that the problem? Also, as a side question, what page of the passport is front and which is back?

zander
Guest
zander

I thought this was a reputable site…. are you really promoting avatrader??
you should do research before promoting a company.