Buy Bitcoin With Prepaid Card Reddit
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Getting started buying Bitcoin with a prepaid debit card (or any other crypto) is easy, and takes just a few minutes. You have the option of buying from the BitPay Wallet app or online through the BitPay buying widget. Both offer the opportunity to buy 60+ top cryptocurrencies and send to any of your self-custody wallets.
Enter your prepaid debit card details when prompted, and check the BitPay app to be sure your remaining card balance is enough to cover the purchase. You can also buy crypto with a credit card, Apple Pay, Google Pay, or local banking transfers (where applicable).
This will vary by BitPay partner and card issuer. The most popular prepaid cards used to buy Bitcoin are Visa gift cards, Vanilla gift cards and Mastercard prepaid debit cards. American Express (AMEX) and Discover prepaid cards, gift cards or virtual debit cards are rarely supported.
You can also spend your holdings right from the app, either by connecting your wallet to a merchant that accepts crypto payments or buying gift cards with crypto from some of your favorite brands. Check out our Merchant Directory for a searchable list of businesses that accept crypto payments through BitPay.
Hi, I have a stack of small value virtual prepaid visa gift cards. They are esseentially like credit cards. Where can I buy bitcoin with them I have really been struggling as places I have found either:
In terms of payment options, Rarible is one of the few NFT marketplaces to offer crypto and fiat transactions. Users can choose from six Ethereum-compatible wallets or pay with fiat currencies via Apple Pay or credit/debit cards. This option is especially convenient for users who do not mind going through the KYC-verification process and paying an extra 4% exchange provider fees.
Note that the CryptoSnoo NFT card will be the Avatar on your profile, and your comments and posts on Reddit will have your CryptoSnoo avatar with a glow animation. Although some may dismiss this Utility as Reddit NFTs being glorified avatars, the trend is catching on.
It is possible to buy Bitcoins, Litecoin, and other altcoins with a Visa gift card. In order to do this, you will need to go to your nearest store that sells Visa gift cards and buy the amount you wish to convert into cryptocurrency. You then need to find a crypto marketplace (exchange or a marketplace) that accepts gift cards as a payment method.
Otherwise, an in-person cash trade or an online trade using a P2P trading exchange may possibly be your next best option. You might find sellers who are willing to accept payment with a prepaid card (VISA gift card), though the fees will be very high.
With a prepaid card, you can purchase cryptocurrency with a card without having to worry about going over your budget and not being able to pay it back. With a prepaid card is that you cannot get into debt.
Users on the platform are also encouraged to do their due diligence on the person they are carrying out an exchange with. That is highly recommended. Users can check the number of trades the person they want to transact with has had on the platform if their account is verified with an ID card (inclusive of average payment and release times) and other indicators that your counterparty is a legit seller/buyer and not a fraudster.
In most cases, when you purchase your VISA gift card, there is no requirement to provide the merchant with any identification. In this sense, you can purchase the card anonymously. However, when you try to convert that card into cryptocurrency, it gets tricky as LocalBitcoins and Paxful have very low limits an unverified user can trade on their platform before their mandatory KYC process triggers; meaning that you can buy bitcoin anonymously using a VISA gift card but only in very small amounts.
Regardless of the reason for payment, the scam follows a certain formula: The victim receives a call instilling panic and urgency to make a payment by purchasing Apple Gift Cards, App Store & iTunes Gift Cards, or Apple Store Gift Cards from the nearest retailer (convenience store, electronics retailer, etc.). After the cards have been purchased, the victim is asked to pay by sharing the code(s) on the back of the card with the caller over the phone.
Binance is one of the best platforms for trading more than 150 cryptocurrencies which includes Bitcoin. It allows you to buy bitcoin with credit card with no verification. It also provides an API that helps you to integrate your current trading application.
Another way to buy Bitcoin by staying anonymous is to use a prepaid credit card that you can get from any bank. You can use this prepaid card to buy Bitcoins through sellers without any identification from LocalBitcoin, Paxful, etc.
There are also some crypto debit cards on the market, including the Crypto.com Visa Card, the Robinhood Cash Card, the Binance Visa Card and the upcoming Coinbase Card. All of these cards allow you to spend your crypto at public merchants and earn crypto rewards on your expenditure. Many new products are likely to hit the market in the next few years, as Visa has partnered with over 60 platforms to work toward enabling crypto transactions worldwide.
*To qualify for the welcome bonus, you must open and fund a new Rewards Checking account and make 3 qualifying debit card transactions from your Rewards Checking account within 60 days of the date the Upgrade Card account is opened. To qualify, debit card transactions must have settled and exclude ATM transactions. Please refer to the applicable Upgrade VISA Debit Card Agreement and Disclosures for more information. Your Upgrade Card and Rewards Checking account must be open and in good standing to receive a bonus. If you have previously opened a Rewards Checking account or do not open one as part of this application process, you are not eligible for this welcome bonus offer. Welcome bonus offers cannot be combined, substituted, or applied retroactively. The bonus will be applied to your Rewards Checking account as a one-time payout credit within 60 days after the 3rd qualifying card purchase.
Understandably, many cardholders are upset by the news. Many took to Reddit to disparage the company, with many CRO holders purportedly planning to unstake their coins and sell. Aside from the rewards, the card's perks will not be changed.
I have used these websites to buy bitcoins using Debit card. They seem to be charging very high charges for the Card transactions. More or less the end prices are similar to those of Indian Exchanges. These websites also have options of International Wire Transfer options. But none of the Indian banks like ICICI, Axis, HDFC etc were ready to approve Wire Transfer for Bitcoin/Ether purchase.
Thank you for all the great info. My question is I am a US citizen living in Colombia, I have a US credit card, but I am having a problem getting verified. Colombia does not support bitcoin. Any help would be greatly appreciated.
The Joker Prepaid Card can be used wherever VISA and Mastercard cards are accepted. To use the card at a point-of-sale terminal, simply swipe the magstripe on the back of the card and sign the receipt. Each time the prepaid card is used, the purchase amount, including taxes and any other charges, is deducted from the available balance until that balance reaches zero. Once the entire card amount has been spent, it can no longer be used as a method of payment.
Yes, online, mail and telephone order merchants often require that personal information, including name, address, telephone number, and email address of the cardholder be verified with the card-issuing financial institution prior to purchase. If you wish to make online, mail, or telephone order purchases, you should go to jokercard.ca to register your card. Unless you register your card in advance, there may be no way an online, mail, or telephone order merchant can confirm your identity. Without such confirmation, the merchant might decline your purchase even if there are sufficient funds on the card.
You can check your balance online at jokercard.ca or by calling 1-855-288-0926. A merchant will not be able to tell you how much money you have remaining on the prepaid card. Knowing your balance before shopping will help ensure that the Joker Prepaid Card has enough funds available to pay for your purchases.
Yes, however, you should be aware that your Joker Prepaid Card may not be accepted at automated fuel pumps. You can pay for your fuel purchase with the station attendant rather than swiping your prepaid card at the pump. Your prepaid card should not be used for recurring transactions.
Some merchants, like hotels, restaurants, and mail-order companies factor in an automatic service charge or additional expenses when using a prepaid card. These merchants may require that the card have an available balance greater than the purchase amount to ensure sufficient funds for tips or incidental expenses. Should this occur, inform the cashier that you wish to deduct a specific amount from the Joker Prepaid Card and use another form of payment for the balance or tip.
Note: If you lose internet connectivity, you can enable Offline Mode to accept card payments on your mobile device and Square Reader for magstripe. You can also accept offline payments with Square Terminal or Square Register. When operating in Offline Mode, there is additional risk with any payments you accept.
The card has a set balance, or you can add money and use it to make purchases until it is depleted. Once the money runs out, you need to reload the card before making any more purchases. They work similarly to other cards, where you can swipe or insert them into a payment terminal to make a purchase and, sometimes, withdraw cash from an ATM.
Several Bitcoin exchanges accept prepaid cards when purchasing Bitcoin. (Some of these exchanges will be discussed in detail later in the article). So, make sure you choose an exchange that accepts prepaid cards first. In order to make