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Buy Ethereum via credit card

How to Buy Ethereum with Debit/Credit Card

19 Mar, 2020
4 min read

Ethereum is the second largest cryptocurrency in terms of capitalization, and also probably have the biggest demand among other digital assets. It was released in 2013 by Vitalik Buterin, but the first block was only founded in 2015. Today, it is not only a cryptocurrency, but a platform for developing smart contracts and dapps.

Table 1. Ethereum key points

Ticker

ETH

Current rate

$127

Market capitalization

$13.94 B

Trade Volume (24h)

$9.6 B

All time highest price

$1,432

Block time

17.2 seconds

Github stars

25,106

Just like with other cryptocurrencies, there is one big problem: buying Ethereum with a debit card is a complex task. Governmental authorities of most countries do not recognize cryptocurrencies legally, so banks cannot provide direct transactions. That is why crypto lovers have to find other ways to do this.

How to Buy Ethereum with a Debit Card Instantly

Everyone hates waiting, especially with money. We want to get it as fast as possible. Cryptocurrency transactions can take days to process if the blockchain is overloaded. We know how transactions are confirmed. Thus, it is very difficult to influence the speed of a transaction. Nevertheless, everyone wants to know the easiest way to instantly buy Ethereum with a debit card. Today, we have a small guide for you.

Step by Step Guide

The most comfortable way to buy Ethereum is by using online exchanges. 

  • Step 3. If you don’t have an account then choose “I don’t have an account” and register there using only your e-mail.
  • Step 4. Find Ethereum in the list of available assets and click “Deposit” link.

  • Step 5. Press “Deposit” and then choose “Buy ETH using credit or debit card” option

  • Step 6. Enter the amount of money you’d like to use for purchase.
  • Step 7. You’ll be forwarded to the payment system gateway. where you’ll need to enter your card details.

  • Step 8. Click “Pay now” and you’ll get the appropriate amount of Ethereum on your StormGain wallet.

The last point is about the complexity of the Ethereum blockchain. You might have to wait for a few days or you might receive your cryptocurrency within 10 minutes. 

Some crypto users do not recommend exchangers, because many of them can be fraud. In our example, we used Coinswitch because it is time-tested. If you don’t like it, you can look for other services. However, be careful and check comments. Just remember one thing: it’s all about your money.

Can I Buy Ethereum with a Credit Card?

We see many different messages from newbies in cryptocurrency. Many of them are along the lines of “Can I buy Ethereum with a credit card (or any other crypto)?”. Yes, you can! 

Blockchains don’t care about the method of payment. Some platforms even let you buy Ethereum with gold.

We told you about one of the most convenient ways to buy Ethereum with a debit card. This also applies to credit cards too, and the procedure is the same. However, there are two more ways to buy ETH.

The first and most popular method is using exchanges. Go to CEX, Coingate, Binance or any other platform with a good reputation. Create an account and verify your identity. Then go to ‘Wallets’, find ETH and press ‘Deposit’. Choose a credit card as a payment method and enter the necessary information. Confirm the payment via message or e-mail and wait.

Why do I have to find an exchange with a good reputation? The biggest problem with exchanges is security. Many hackers want to steal money from such platforms, so they attack them every day. The more reliable the platform you choose, the safer your funds will be. Moreover, exchanges collect data about their users (it is about KYC and AML policies). If the service is not secure, hackers may get your personal information and use it for private purposes.

How long should I wait? As usual, you have to wait around 10 minutes for Ethereum transactions. However, exchanges give you crypto from their own reserves, so you have to wait for the result from the bank. 

The other way is to find a person who sells Ethereum. It can be your friend or any person familiar to you. If you know somebody with Ethereum, it is the better way to buy crypto using a credit card. Why? Simply because you know this person.

If none of these methods appeal to you, go to forums that are related to cryptocurrency. Very often, people create topics about selling or buying crypto. Try to find users who wants to sell Ethereum for fiat currency. Connect with them, discuss terms and make a deal.

It is a very risky method because there is no guarantee about the honesty of such sellers. We cannot provide you with a guide on how to find an honest user on crypto forums. You’ll have to act at your own risk.

However, you will get some advantages. Firstly, you won’t need to pay any fees. Secondly, you’ll be able to get the most comfortable terms of a deal. Lastly, you won’t need to divulge any information about your personality.

Where to Buy Ethereum with a Credit Card

There are hundreds of services where you can buy Ethereum with a credit card, so we made a short list of the best platforms.

CEX. This exchange was founded in 2013, and today, provides opportunities for traders all over the world. CEX is very strict to its users, so you have to pass the verification process before making big transactions. However, all the data on CEX is highly secured, so you don’t have to worry about your personal or payment data. Moreover, this exchange provides low fees for credit card transactions.

CoinbaseOne of the oldest exchanges that has existed since 2012. Many people use it for trading, buying crypto or simply storing their assets. Coinbase has its own mobile application, so you can manage your assets and buy Ethereum anytime, anywhere.

Buy Ethereum with Debit/Credit Card

BinanceIt was only founded in 2017, but today, Binance is the third exchange in the world, in terms of liquidity. Traders love this service for its high level of security and good user interface. Binance provides many ways of buying cryptocurrency, including using credit and debit cards. This exchange has one of the lowest fees for transactions.

How to Buy Ethereum with Debit/Credit Card

Now you have completed guide to buying Ethereum via credit and debit cards. If you have any other preferences about other services, let us know in the comments. Maybe we’ll add some of them in our top-list.

 

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