How to Buy Bitcoins with a Debit Card (2018 updated)

Last updated on May 1st, 2018 at 10:05 am

The following tutorial will explain how to buy Bitcoin with a debit card.

Note: If you’re looking to buy Bitcoins with a debit card for trading purposes only then perhaps you’re better off checking Plus500 or AvaTrade Bitcoin CFD trading. Keep in mind that when trading CFDs your capital is at risk. 

Buying Bitcoin with a debit card is pretty similar to buying it with a credit card. In this post I will cover the  most popular exchanges used today.

  • Bitcoin exchanges

  • Fees
  • Buying Limits
  • Available worldwide?
  • Reputation
  • Support
  • Overall grade
  • Additional info
  • Coinbase

  • coinbase
  • 3.75%
  • Up to $150 doesn't require verification$10,000/day
  • click this link to see what countries are available33 countries supported
  • This company is well known throughout the Bitcoin communityGood
  • Users have reported long waiting times for customer service responsePoor
  • A
  • Click to read
  • CoinMama

  • coinmama
  • 5%
  • Up to $150 doesn't require verification$5,000/day
  • Worldwide
  • This company is well known throughout the Bitcoin communityGood
  • Most users are happy with the customer support of the company Good
  • A
  • Click to read
  • Cex.io

  • cex
  • Average (actual number varies)
  • €300/day
  • US, Europe, S.America
  • This company is well known throughout the Bitcoin communityGood
  • Most users are happy with the customer support of the company Good
  • B+
  • Click to read
  • Coinhouse

  • coinhouse
  • 10%
  • For tier 2 verification€2000/day
  • France only
  • Average
  • Most users are happy with the customer support of the company Good
  • B+
  • Click to read
  • 247 Exchange

  • 247exchange
  • The fees are incorporated inside of the exchange rateUnclear
  • $100/daily
  • Worldwide
  • Average
  • Most users are happy with the customer support of the company Good
  • B+
  • Click to read
  • Virwox

  • virwox
  • High (actual number varies)
  • €900/month
  • Worldwide
  • This company's reputation varies in the Bitcoin communityAverage
  • Customer support is responsive but briefAverage
  • B
  • Click to read
  • IndaCoin

  • indacoin
  • The fees are incorporated inside of the exchange rateUnclear
  • $100/first buy
  • Worldwide
  • This company's reputation varies in the Bitcoin communityAverage
  • Most users are happy with the customer support of the company Good
  • B-
  • not available
  • Bitcoin.com

  • bitcoin
  • 2.5% service fee + 5% credit card processing fee7.5%
  • Unclear
  • Worldwide
  • Average
  • There seems to be no online support, only forum and a very cumbersome contact formPoor
  • B-
  • In progress

Buy Bitcoins with a debit card at Coinbase

Feb 2018 Update: Coinbase has cut off new credit card purchases for US customers. 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: A

Coinbase gives you the option the option to buy Bitcoins with a debit / credit card on their exchange.

To get started, sign in and visit the payments method page. Click “Add Credit / Debit Card” to add your card. You will now be able to use this card in order to make your next payment and receive your Bitcoins instantly.

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

Buy Bitcoins on Coinbase     Read our Coinabse review

 

Quick guide – how to buy Bitcoins with your debit card using 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


Buy Bitcoins with a debit card through Coinmama

(No verification needed up to $500, partial US support)

Pros: Good support, respectable company

Cons: Limited countries in the US , no sell option

Overall rating: A

If you’re looking to get Bitcoins quickly without any verification process you can try out CoinMama. CoinMama supplies an easy way to buy Bitcoins with a debit card while charging a premium for it. However, if you take into account the volatility of Bitcoin prices the premium shouldn’t affect the ROI in the long run.

Buy Bitcoins on Coinmama      Read our Coinmama review

You can read more about it here. The first step would be to choose the number of Bitcoins you want to buy. You can either enter your desired amount or just choose from the available packages on the homepage.

Coinmama homepage

After you choose your Bitcoin amount you will be requested to sign up to the site. The sign up process is pretty standard and at the end you will be asked to verify your identity. If you’re only looking to buy up to $500 in Bitcoin then you do not need to do this step. However if you’re looking to buy more then you will need to submit a government issued photo ID of yourself.

From my experience, the verification process took 90 minutes. The next step to enter your Bitcoin wallet address. You need your own Bitcoin wallet, since Coinmana doesn’t keep your Bitcoins for you (unlike other exchanges). This is actually a good thing in my opinion, since it forces you to take responsibility for your coins and not just leave them lying around in some exchange.

If you haven’t opened a Bitcoin wallet here’s a short explanation on how to do so. If you already have your Bitcoin address then just enter it on the next screen.

Coinmama wallet address

Once you’ve entered your Bitcoin address all that’s left is to complete the payment information and you’ll receive your Bitcoin instantly.

Coinmama payment


Buy Bitcoins with a debit card through Cex.io

Pros: Reputable company, high buying limits

Cons: Limited countries available, higher exchange rates

Overall rating: B+

Cex.io allows you to easily add funds to your account with any type of payment card (debit or credit). The exchange has both trading services and brokerage services (i.e. buying Bitcoins for you). If you buy Bitcoins via CEX.io you will pay an average of 7% in fees which will already be included into the exchange rate.

Buy Bitcoins on Cex.io      Read our Cex.io review

 

 


Buy Bitcoin with a Debit Card at Coinhouse

Pros: Reputable company, high buying limits

Cons: Limited countries available, higher exchange rates

Overall rating: B+

Coinhouse allow you to buy bitcoins via your debit card and its service is available in most European countries.

You will need to confirm your account and afterwards you will be able to buy up to 2,000 euros in bitcoin a day, to a maximum of 10,000 euros per month. Bitcoins are sent immediately to your wallet once payment is confirmed.

Buy Bitcoins on Coinhouse     Coinhouse review coming soon

coinhouse bitcoin debit card


Buy Bitcoins with a debit card through Virwox

(no verification needed, limited to €80 worldwide)

Pros: No verification needed, available worldwide

Cons: High fees, poor support

Overall rating: B

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) with your dollars, and then exchange these SLLs to Bitcoins. Due to the multiple exchanges occurring on the way fees can add up.

Buy Bitcoins on Virwox      Read our Virwox review

 


We will begin the process by visiting VirWox which is a virtual world exchange and will help us to buy Bitcoins with a debit card. The reason that it’s so hard to Buy Bitcoins with a debit card is because of chargeback issues.

Debit cards offer you the opportunity to create a chargeback on a transaction whereas Bitcoin doesn’t. Virwox allows us to by pass this since we will first buy Second Life Lindens (another virtual currency) and only then exchange them to Bitcoins. Keep in mind that new users to VirWox will have a maximum deposit limit. The following table is updated for April 30th 2015:

virwox limitations

Also VirWox will take a fee for each step of exchanging and depositing money. This can come up to almost 10% of your deposit but is sometimes worth the charge because of the time it saves on buying Bitcoins with your debit card.

Once you arrive at VirWox click the “Not Registered Yet ?” link and create a new account. You do not need to enter anything other then a username and an email address. Since Virwox is linked to second life it will also ask you for an “Avatar name” but since we are not going to actually connect to second life you can just leave it at “No Avatar”.

Virwox registration process

After creating the VirWox account you will get an email with you initial password. Make sure to log into your account and change that password for added security.

Once you’re logged in you need to go to “Deposit” and look for “Credit Cards/Debit Cards”. Enter the amount of money you want to deposit and complete the process. Deposits are carried out through Skrill which is a well known vendor for digital payments.

 deposit money with a debit card Once the money is in your account you will want to purchase Second Life Lindens. Go to the SLL/USD exchange and purchase your SLL. You will then see them at the top left in your account summary. Next step is to exchange your Lindens to Bitcoins.

Go to the BTC/SLL exchange and trade your Second Life Lindens for Bitcoins. Keep in mind that new users to Virwox will have to wait up to 48 hours for this transaction to be complete. Buy Bitcoins with SLL Once the Bitcoins are in your account (again you can see it at the top left of the screen) you can just go to “Withdraw” and move them into your Bitcoin wallet. Make sure to move them into your own wallet and not just keep them at Virwox for security reasons. Withdraw the Bitcoins to your wallet That’s it, you just got your new Bitcions.


Buy Bitcoins with a debit card with 24/7Exchage

Pros: Good support, available worldwide

Cons: Requires verification, high exchange rates

Overall rating: B+

247excahnge are relatively new in the market but have already managed to gain a pretty substantial user base. The accept credit and debit cards from all over the world and their exchange rate seems to be pretty fair considering other credit card accepting exchanges.

They do have a verification process and also you will need to wait up to 3 business days in order to receive your funds. The great thing about 247exchange is that they show you all the fees upfront so you are not surprised by the final charge.

Buy Bitcoins on 247Exchange      Read our 247Exchange review

247exchange buy bitcoins

However recently I have tried to purchase some coins through the exchange using my credit card and have found it extremely difficult to complete the process. I’ve noticed other users complaining about this as well. This is not to say that the business isn’t legit, it’s just going to take some time to complete the process.

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