There are many things to know before investing in cryptocurrencies,
There are many things to know before investing in cryptocurrencies, for example, which one to invest in, or even how to go about it. One of the best choices for investment is Bitcoins, which is one of the most widely accepted. You might need a guide to buy bitcoins, but now the procedures are becoming more and more user-friendly and straightforward. There are a host of websites that allow their users to purchase bitcoins using their debit cards, making the transaction possible within an instant, by following a series of reasonably uncomplicated steps. Some of the best websites to buy bitcoins, with ones debit card is as follows.
1.Coinmama
In order to buy Bitcoins from Coinmama, all one needs is a registered account. After signing up, users have to select the amount of bitcoin they want to buy. This is followed by a verification of the user’s id. This site, however, does not provide a Bitcoin wallet, so, after the id verification, users will have supply Coinbase with the address of their wallets and fill in their debit card details to complete the transaction.
It has the highest limit of Bitcoin transaction, but it has the highest fee among credit or debit card bitcoin brokers.
2. Coinbase
Coinbase, which is one of the top 5 cryptocurrency exchanges is an excellent site for buying bitcoins instantly with debit cards. Though it only for USA based users, it is simple to use, and hassle-free. It, however, requires a government-issued ID for users to proceed. To buy Bitcoins, the users need to go to “settings,” and to “payment methods” from there. After that, the debit card needs to be added and confirmed, after which users can go to “buy/sell” to select the number of Bitcoins they wish to buy.
Coinbase has a user-friendly interface with low fees. It also has a high buying limit and liquidity and is suitable for new users. However, Coinbase on occasions tracks a user’s transactions which may not be an ideal privacy setting, and its support takes time to respond.
3. Cex.io
Cex.io does not have a complicated procedure to create an account, and email verification is all that is required. The steps to buying Bitcoins on this site are also quite simple. After signing up, users will have to go to “Finance,” and onto “Deposits,” where users will be required to select their currency. Following this, the account needs to be funded through the debit card. It takes a maximum of 2 to 3 days to verify the card, and other details, and then the user will have to select the “buy/sell” option to input the amount he/she wants to buy and buy bitcoins immediately.
4.BitStamp
Bitstamp also allows its users to easily buy bitcoins, instantly. After signing up, users will have to go to “deposit” and choose “Credit Card” as the payment option. This works for debit cards as well. After this, funds have to be deposited from the debit cards, after the clarification of which, users have to go to “Buy/Sell” and select Bitcoins as the cryptocurrency they want to buy. Post this, the amount needs to be entered, and the user can then click on to “Buy BTC.”
BitStamp has an easy process, with multiple payment options. It is one of the oldest exchanges, and works for every country. However, it takes some time to complete its transactions
5.Bitpanda
Bitpanda is also a site, which makes sit very easy and cheap to buy bitcoins with debit cards. Users, need to sign up and choose the cryptocurrency they want to buy (in this case, Bitcoins) and then choose the “Visa/Mastercard” payment provider. After this, they have to enter the amount they wish to buy and click on “next step” in order to confirm their order.
Bitpanda levies a fee of only 3 to 5 per cent and is very reliable and trustworthy. It is fast, with multiple payment options and also has higher limits than other websites. However, it is restricted to only EU countries, and its privacy security is a little low.
If you are wondering if it is better to mine or purchase cryptocurrencies, know that mining crypto requires separate hardware and extensive technical knowledge, whereas, purchasing crypto can be done by any layman who wishes to. This has been further made easy with debit cards.