Buy Bitcoin with Prepaid Cards

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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 2022. 

Buy Bitcoin with Prepaid Cards

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:

  1. 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.
  1. 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.
  1. Search for Bitcoin – Use the search bar to search for ‘Bitcoin’, click on it and then ‘Trade’.
  1. Buy Bitcoin – Fill in the amount of Bitcoin you want to buy and click ‘Open Trade’. 

Buy Bitcoin with Prepaid Cards at eToro

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At eToro you can buy Bitcoin and other cryptocurrencies with prepaid cards without paying any commission. Apart from prepaid cards you can use PayPal, credit cards, and bank transfers to buy Bitcoin on eToro. eToro is CySEC-regulated, has over 27 million clients, and offers copy trading.


Buy Bitcoin with Prepaid Cards at Crypto.com

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Crypto.com is an alternative to eToro where you can buy over 250 cryptocurrencies and Tether (USDT) with prepaid cards. Crypto.com offers staking services, has an NFT marketplace and it’s own metal prepaid Visa card.


Buy Bitcoin with Prepaid Cards at Coinbase

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Coinbase is the best cryptocurrency exchange for people from the US to buy Bitcoin with prepaid cards. It has 89 million clients, over 100 tradable cryptocurrencies, and offers technical analysis tools for experienced traders via Coinbase Pro. To buy Bitcoin with prepaid cards at Coinbase you will have to complete KYC procedures.


Buy Bitcoin with Prepaid Cards at CEX.io

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CEX.io is a cryptocurrency exchange where you can buy Bitcoin with prepaid cards and participate in staking. It operates in 200 countries, offers over 100 tradable cryptocurrencies, and charges low deposit fees.


Buy Bitcoin with Prepaid Cards at Coinmama

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You can buy Bitcoin with prepaid cards at Coinmama by paying a 5% transaction fee. Coinmama is founded in 2013, has fast customer support, doesn’t share your information with any third parties, and has multiple cryptocurrencies available you can buy.


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.

  1. 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’.
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  1. 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. 
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  1. 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.
  1. 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.
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Buy Bitcoin with Prepaid Card on eToro

Bottom Line

Buying Bitcoin with prepaid cards is a safe and easy way to get started with cryptocurrency. We recommend to buy 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. 

FAQ

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.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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