Purchasing Bitcoin with Debit Cards

Buying Bitcoin and other cryptocurrencies with a debit card can have both advantages and disadvantages that need to be weighed individually for every person.  Although it may not be for everyone, in a day and age where a great number people have turned to debit cards in both their everyday in person and online life, at the very least, exploring options for buying Bitcoin with debit cards might prove to be more useful than imagined.

Even though the act of buying Bitcoin with debit cards is convenient and can be used to get some crypto in a pinch, this method also comes with much higher fees than often come with other means such as bank account transfer.  In addition, in regards to buying Bitcoin with debit cards on the majority of exchanges, a KYC (know your customer) verification is usually necessary.  This entails a combination of entering private data about yourself such as full legal name, age, and living address with an uploaded official government ID to verify your online account identity with that of your real world presence.

Where to Buy Bitcoin Right Now With a Debit Card

For anyone who has been in this space for a while, I’m sure it’s no surprise that with ongoing regulatory pressures facing many exchanges in various jurisdictions around the world that things are constantly changing, and often quite quickly.  It’s not uncommon for exchanges offering various means of purchasing Bitcoin do an occasional u-turn on a previously accepted local payment method.  In fact, with many exchanges being quite globalized, one power house economy such as the USA can sway things for all other parts of the world.  For the most part, exchanges aim to comply with the governmental regime where they exist or have a strong customer base, so its not always easy to find a place allowing the buying of Bitcoin with debit card American resident friendly platforms or exchanges. Beyond this however, for those looking into buying Bitcoin with debit cards, it is often the case that exchanges that accept credit card payments will also process funds via debit card transfer.  It’s possible that some of these exchanges will limit the ability to buy Bitcoin withe Visa debit cards or other mainstream options, but in the end for those that are really set on this method of Bitcoin purchasing, options do exist.  Although not a complete list, following are the main exchanges and platforms which debit card payments for Bitcoin and other cryptocurrencies are accepted and how to go about the process of purchasing said crypto.


Coinbase is a digital asset exchange company headquartered in San Francisco, California. It operates exchanges of BitcoinEthereum and additional digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.  Coinbase, is the $1.6-billion-valued company behind what is arguably the world’s best-known exchange for converting fiat into crypto” (Everipedia).

Coinbase allows users multiple options to purchase Bitcoin and other cryptocurrencies by linking debit & credit cards, attaching bank accounts, and even using PayPal.  For a relatively quick but very complete rundown, the following video tutorial will get you on your way.  Those prefer a step-by-step print based tutorial should check out Coinbase Buying Tutorial (Credit Card/Debit Card) as well.



Bitpanda is a PSD2 service provider license compliant cryptocurrency enabled brokerage service headquartered in Vienna, Austria. Established in 2014, it has now grown to a major trading platform with more than 1 million users worldwide.  Bitpanda “offers simple and fast access to buying, selling, swapping or sending digital assets [and] accepts Euro, Swiss Franc, British Pound Sterling and US Dollar support as well as a wide range of payment and payout providers” for users to trade 20 different digital currencies including Bitcoin, Bitcoin Cash, Ethereum, and EOS.

“Bitpanda is open to all users worldwide however… buying cryptocurrencies is currently only available for EU residents that are within the SEPA [i.e. most of the EU members plus Iceland, Liechtenstein, Norway, Switzerland and Monaco]… Users outside the EU can use their account to store and send crypto [and] sell cryptocurrency or receive payouts via Neteller.” In addition, due to AML compliancy, the limits for unverified users are extremely low.  For verified users however, and dependent upon the payment method, “users can withdraw over €500K a day via a SEPA transfer” (Source: 99 Bitcoins Bitpanda Review and Comparison).

For an easy to follow step-by-step guide on how to setup your Bitpanda account to enable debit card purchases (for European users only), please see Bitpanda Tutorial (Credit Card/Debit Card) on Zendesk.  Please note, that previous to this process one first must register for a Bitpanda and verify it with proof of identity submission.


Coinmama, one of the world’s oldest Bitcoin Broker, has its headquarters located in Slovakia. It is owned by NBV International (daughter company of New Bit Ventures Ltd). Even though Coinmama exchange is not officially registered with any legislative board, itsparent company New Bit Ventures has been registered as an MSB (Money Service Business) with FinCEN. It accepts members from almost all countries in the world” including those from some US states.  Those wishing to use Coinmama must undergo verification through the submission of proper documentation, but once verified the brokerage exchange is really simple and allows users to instantly purchase Bitcoin with Visa or Master cards (source).


“Bitstamp is a bitcoin exchange based in Luxembourg. It allows trading between USD currency and bitcoin cryptocurrency. It allows USD, EUR, Bitcoin, Litecoin, Ethereum, Ripple or Bitcoin cash deposits and withdrawals… While the company trades in US dollars, it accepts fiat money deposits for free only via the European Union’s Single Euro Payments Area, a mechanism for transferring money between European bank accounts. Deposits via credit cards or wires incur a fee” (Everipedia).  In April of 2019 Bitstamp was also granted a virtual currency license giving it the ability to operate in the US, and in particular the state of New York.  Bitstamp’s BitLicense “allows customers the ability to buy and sell Bitcoin, along with select virtual currencies for U.S. dollars and vice versa” (source).

In order to purchase Bitcoin with a debit card or credit card on Bitstamp, you must be from an EU 28 country or another country on the Bitstamp service area list.  A one time verification of Visa and Master Card debit and credit card details is necessary previous to the purchase, but beyond that the process of buying with either is relatively straight forward.  Simply go to the deposit page, choose credit card on the side menu, type in the preferred spending amount, enter card details, and press submit.  Purchases made by debit and credit card on Bitstamp are up to 5,000 USD or EUR daily, and up to 20,000 USD or EUR monthly (source).


Paxful offers a peer-to-peer Bitcoin exchange allowing users from almost any country around the world to buy Bitcoins with over 300 different payment options, including the ability to use a variety of debit and credit cards.

In order to use Paxful, first navigate to the homepage and login.  If you do not have an account you will have to create one by filling out the relevant details


Upon filling out the above form verify your account via email, you can then navigate back to the Paxful homepage and login.  Before you proceed it’s likely best to ramp up your security with 2FA (2 Factor Authentication) and add a phone number, but these steps are not necessary if you choose to opt out – although this is not recommended.  From there simply search for sellers in your area that accept your preferred method of payment.  If you are specifically interested in buying Bitcoin with debit card, select ‘ANY credit/debit card’ from the payment menu and then proceed with defining whatever other parameters suit your purchasing desires.

After clicking the search button scroll down the page and a list of users offering to sell based on your previous information will be presented.  In general, most transactions will proceed in the same manner from this point.  To help you understand the process and what to look for in a seller, the following official ‘How to Buy Bitcoin Instantly on Paxful video is highly recommended.


LocalBitcoins is a bitcoin startup company based in Helsinki, Finland.Its service facilitates over-the-counter trading of local currency for bitcoins. Users post advertisements on the website, where they state exchange rates and payment methods for buying or selling bitcoins.  Other users reply to these advertisements and agree to meet the person to buy bitcoins with cash or pay with online banking.  LocalBitcoins has a reputation and feedback mechanism for users and an escrow and conflict-resolution service” (Everipedia). LocalBitcoins offers a plethora of options for OTC trading including debit and credit card purchases.  In order to see these options simply select ‘Credit Card’ from the payment methods tab and fill in the amount, currency, and country to your personal preferences.  Also please remember when using this service, or that of Paxful above, that you are in negotiation with private individuals and not an exchange.  Always check the information and rating on the seller and be sure to read each step of the process carefully as different sellers will have different conditions they may wish to be met. 

For more on how to buy Bitcoins with LocalBitcoins please check the following guide: https://localbitcoins.com/guides/how-to-buy-bitcoins


CEX.IO is registered as a Money Services Business within FinCEN (USA) [as well as with ICO (Information Commissioner’s Office) in the UK where they are based]. The exchange possesses a PCI DSS certificate (Level 2) proving that the exchange shows a required level of security and due diligence for storage, processing and transmission of payment card data. CEX.IO applies Anti Money Laundering and Know Your Customer policy to all clients.  Two-Factor Authentication via Google Authenticator or SMS/phone call is available for account security measures.

Recently, CEX.IO has experienced an influx of negative feedback from the users complaining about long verification and transaction processing. The exchange representatives explain this issue by the increased users inflow and work on strengthening customers’ security” (Everipedia).  CEX is however one of the few exchanges that allows for both to and from debit card and credit card deposits and withdrawals by linking a card to your account.  

For more on how to register, submit verification documents, complete 2FA, and set-up and use cards with your CEX.IO account, the official youtube channel offers a variety of easy to follow tutorials well worth checking out.  These can be found at https://www.youtube.com/user/CEXIOLTD/videos.


If you haven’t heard of Simplex I certainly won’t hold it against you, as they are a bit of a rogue on this list.  Unlike other exchanges and brokers covered above, Simplex does not allow for the buying and selling of Bitcoin and other cryptocurrencies directly.  Simplex is actually a company which allows for merchants and marketplaces dealing in the cryptocurrency space to accept diverse payment methods including the ability for partners to process debit card and credit card payments.  Essentially what Simplex offers their exchange partners is a fiat to crypto onramp allowing users to deposit funds via a secure third party processed debit or credit card payment option.  Utilizing the Simplex service, major exchanges such as BinanceKuCoinChangellyeToro, and Huobi have once again begun to offer card based payments for their users.  Not only can users buy Bitcoin, but allow users to partake in other purchases in many cases such as the ability to buy Bitcoin Cash with debit card instantly.  Simplex integration into these exchanges allows for the Other notable partnerships include CoinTelegraph enabling onsite crypto purchases, as well as Mycelium and Xapo for in wallet purchase integrations.

To illustrate just how easy the process is, here is a generalized step-by-step guide from the Binance Blog post How to Buy Bitcoin: A Binance Guide.

Further Options for Buying Bitcoin with Debit Cards:

Of course, there are many other exchanges to buy Bitcoin with prepaid or regular debit cards that are not listed above.  Before jumping head into any method of purchasing Bitcoin whether listed here or otherwise it’s important to do your research and to the best of your ability decipher which are safe and offer the best combination of convenience and fee structure.  That said, there are some other notable options I came across in my research worth mentioning that I won’t go into full detail as they are kind of niche compared to the ones above.

  • Wirex offers account top up to the online app with debit and credit card payments which can then be used to purchase crypto to hold or fund the prepaid card.

  • LibertyX partnerships with Genmega and DesertATM allows the purchase of Bitcoin through more than 100,000 regular ATM’s enabled with this service (source).  Meanwhile in Canada, Coinsquare announced the acquisition of software to provide a similar service to already existent traditional ATM’s (source).

  • How to buy Bitcoins in Nigeria with Debit Card or Pega account tutorial by the BitPeso team outlines the necessary steps on BFX exchange giving an example in print and pictures on how to buy Bitcoin with a Naira debit card.

What to do with all that Bitcoin?

Upon buying Bitcoin or another digital asset with debit card, credit card, or by any other means, as I mentioned in The Importance of Learning How to Create Bitcoin Wallet Private and Public Keys, it is strongly advised that you move that Bitcoin off the exchange and into a wallet where only you control the private keys.  If you are unfamiliar with a wallet to help you do this, in my previous piece How to Send Bitcoin: The Basics, I covered a great deal of wallets which have somewhat of good track record with the community that can be utilized to get Bitcoin out of the hands of the exchanges that you traded on and into lockdown in your own personal possession.  As the saying goes, ‘not your keys, not your keys’, so please do bear this in mind when purchasing crypto from any exchange.  It’s far better in these things to be over cautious and not need to than to be lax and loose your investment.

And with that then I shall wrap it up.  Although not my personal favorite way to purchase Bitcoin or other cryptocurrencies, it may come to pass someday that the desire to purchase Bitcoin with debit cards is there and this post is of use.  As always, thanks so much for dropping on in and giving it a gander.  Until that time when once again we have the pleasure, please do enjoy and take care in all you embark upon in crypto and beyond.

Jimmy D


Interested in some of my other pieces on Bitcoin, Blockchain, and Cryptocurrencies?  If so, be sure to check out How to Get BitcoinsWhere to Trade CryptocurrencyBest Places for Trading Bitcoin and CryptocurrenciesHow to Trade Bitcoin: A Not So Brief Nor Overtly Technical OverviewLedger Nano S Cryptocurrency Hardware WalletHow to Purchase Ripple XRPHow To Buy NEOHow to Buy Ethereum Decentralized and So Much MoreBitcoin Machine Near Me?!?Should I Invest in Bitcoin?!? Past & Probable Future Conversations with MyselfJimmy D’s Answers to Bitcoin FAQ’s Especially For You: What Can Be Done With Bitcoin?!?,  How To Pay With BitcoinHow to Send Bitcoin: The BasicsThe Importance of Learning How to Create Bitcoin Wallet Private and Public Keys, and BTC Numericalized: How Many Bitcoins Are There?

  • Please note: Although I have to the best of my ability done my due diligence in researching this piece, I am not a financial advisor and assume no responsibility for any losses incurred on the readers part for any investments or products supported obtained from this post.  Please understand that it is the readers responsibility to look after and maintain their own finances and perform all due diligence on their own part for their personal and financial well being and safety and not rely on myself or others in this space to keep them safe. In addition, although I have done my best to only include what appear to be legitimate sources and projects, due to the sheer volume and scope of projects in this post, unfortunately I have not personally had either the time or the resources available to verify the validity of all the projects mentioned, so please do be sure the do your due diligence before embarking on using or sending money to any of the above projects or companies.
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Jimmy D [Uplift.Art l The Uplift World]
Jimmy D [Uplift.Art l The Uplift World]

Philosopher, historian, educator, permaculturalist, writer, podcast and video host, and crypto/blockchain enthusiast.

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Jimmy D Presents: Window to Crypto

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