Buying Bitcoin with prepaid cards is safer than debit cards and credit cards. This guide will explain where and how to buy Bitcoin with prepaid cards in 2023.
Where Can I Buy Bitcoin with Prepaid Cards?
You can buy Bitcoin with prepaid cards at eToro, Crypto.com, Coinbase, CEX, and Coinmama. Below you will find all the pros and cons of these prepaid card-accepting exchanges.
Buy Bitcoin with Prepaid Card in 4 Steps:
- Create an account at etoro – Open an account at eToro by going to the eToro website, filling in your personal details, setting a username and password for your account, and uploading a photo of your passport, driver’s license, or national ID card.
- Deposit funds – Log into your eToro account, go to ‘Deposit’, enter the amount you want to deposit, choose the payment method that matches the icon on your prepaid debit card (Visa or MasterCard), and confirm the transaction.
- Search for Bitcoin – Use the search bar to search for ‘Bitcoin’, click on it and then ‘Trade’.
- Buy Bitcoin – Fill in the amount of Bitcoin you want to buy and click ‘Open Trade’.
Buy Bitcoin with Prepaid Cards at eToro
Min Deposit: $50
Assets available: 4.8
Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.
Buy Bitcoin with Prepaid Cards at Crypto.com
Buy Bitcoin with Prepaid Cards at Coinbase
Buy Bitcoin with Prepaid Cards at CEX.io
Buy Bitcoin with Prepaid Cards at Coinmama
Why You Should Buy Bitcoin with Prepaid Cards
You should buy Bitcoin with prepaid cards because they are low-cost, convenient and secure, and allow you to buy Bitcoin instantly. Bitcoin and other cryptos are very volatile. Prepaid cards allow you to buy crypto fast, so you can get it at the desired price. Prepaid cards are easy to come by and you don’t need to apply for one. Another advantage of prepaid cards is that they are secure. If anyone hacks your card, they can only spend the money on the card. Most cryptocurrency exchanges charge a fee for depositing with prepaid cards, but eToro is an exception.
How to Buy Bitcoin with Prepaid Card at eToro
You buy Bitcoin with prepaid card at eToro by opening and verifying an eToro account, depositing funds into it, searching for Bitcoin in the search bar, and then placing a Bitcoin buy order.
- Opening eToro Account
Navigate to the eToro website, click ‘Sign Up’, set a username and password for your account, fill in your personal details, agree with the terms and conditions, and click ‘Create Account’.
- Verifying Your Account
Upload a photo of your passport, driver’s license, or national ID card and a photo of a recent utility bill or bank statement not older than three months containing your name and address to verify your account.
- Deposit Funds
Login to your eToro account, click ‘Deposit’, select ‘Credit/Debit Card’, enter the desired deposit amount, fill in the card details of your prepaid card, and click ‘Deposit’ again to fund your eToro account with your prepaid card.
- Buy Bitcoin
Use the search bar to search for ‘Bitcoin’, click ‘Trade’, enter how much Bitcoin you want to buy, set risk management tools like stop-loss and take-profit, and click ‘Buy’ again.
Buy Bitcoin with Prepaid Card on eToro
Buying Bitcoin with prepaid cards is a safe and easy way to get started with cryptocurrency. We recommend buying Bitcoin with prepaid cards at eToro because they don’t charge deposit fees, have multiple cryptocurrencies available, and allow you to copy professional traders’ traders via their copy trading platform.
Can I buy Bitcoin anonymously with prepaid cards?
No, you will still need to undergo KYC procedures at cryptocurrency exchanges and upload a photo of a government-issued ID when buying Bitcoin and other cryptocurrencies with prepaid cards.
Which exchanges accept prepaid card Bitcoin purchases?
eToro, Crypto.com, Coinmama, CEX.io, and Coinbase allow you to buy crypto with prepaid cards.
What happens after I buy Bitcoin with a prepaid card?
The funds on your prepaid card will deplete whilst the amount of Bitcoin bought will be added to your cryptocurrency wallet.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk. Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Crypto assets are unregulated& highly speculative. No consumer protection. Capital at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.