Buy bitcoin with vanilla mastercard

Our site may contain affiliate links and as an Amazon Associate we earn from qualifying purchases. The fees associated with this method are higher than a credit or debit card, but it certainly is possible. Once the account has been verified, just link your debit card and make purchases as desired. As stated above, Coinbase does not allow US customers to use credit cards to purchase Bitcoin anymore. If you were to use your bank account, exchanges will make you wait days to receive your cryptocurrency, making you unable to move it off the exchange. They are working on increasing the number of supported US states by obtaining additional Money Transferring Licenses.

Introduction to Buying

In this post, I am not only going to show you how to buy Bitcoin with gift cards, but I will also walk you through the exchanges where you can do. Unlike in the early years of Bitcoin, it has become remarkably easy to buy this maatercard cryptocurrency ; all thanks to the various exchanges available these days. At the end of this post, you buy bitcoin with vanilla mastercard learn how to buy Bitcoin with gift cards in Nigeria and the exchanges bitxoin you can do. Gift Cards are prepaid debit cards that contain a specific amount of money available to be used for a variety of purchases within particular stores or related businesses. These cards also known as Gift Vouchers are usually given out by organizations, stores, or employers as gifts or rewards vanillw example, HealthPlus gift card, Jumia gift card, Spar gift card. Some of them can be bought too from a gift card shop for example, iTunes gift card, Disney gift card,e.

Summary of Best Ways to Buy Bitcoin With Bitcoins

We do research on every exchange we list and are very careful not to include scam exchanges on our site. Coinbase charges a flat 3. Want to buy on Coinbase? This guide will show you step-by-step in more detail how to use Coinbase. We may receive compensation when you use Coinbase.

Where You Can Buy Bitcoin With Prepaid Card

In this post, I am not only going to show you how to buy Bitcoin with gift cards, but I will also walk you through the exchanges where you can do. Unlike in the early years of Bitcoin, it has become remarkably easy to buy this pioneer cryptocurrency ; all thanks to the various exchanges available these days. At the end of this post, you will learn how to buy Bitcoin with gift cards in Nigeria and the exchanges where you can do. Gift Cards are prepaid debit cards that contain a specific amount of money available to be used wjth a variety of purchases within particular stores or related businesses.

These cards also known as Gift Vouchers are usually given out by organizations, vznilla, or employers as gifts or rewards for example, HealthPlus buy bitcoin with vanilla mastercard card, Jumia gift card, Spar gift card. Some of them can be bought too from a gift card shop for example, iTunes gift card, Disney gift card,e. They can also be issued by marketers and retailers as part of a promotion strategy. Bky is to entice the recipient to return to the store for more purchases.

For example, a gift card issued by Jumia cannot be taken to the bank to cash out the money neither can it be used to purchase on Amazon. You can only use it to purchase from Jumia. A general feature of these cards is that they are generally anonymous and are disposed of when the value stored on them are exhausted. C ashback marketing strategiesas the name mastercadr, means money paid back to customers in cash after making a purchase; sort of a reward for patronizing a particular retailer.

The money paid back cashback is gotten from a percentage of the amount a customer spends on an bitclin. However, if a company has several different stores, it can issue a card that can be used at any of its affiliated stores.

With the growth in the crypto space came the evolution of many exchanges where Bitcoin and other altcoins can be bitcoon. Some of them specialize in peer-to-peer masterxardothers stick with just providing trading platforms for buyers and sellers while the rest are mainly brokers. Some even combine the services! The exchanges also provide various payment options for its users. The exchanges that allow its users to buy Bitcoin with gift cards are:. You can watch the 8 mins video or skip to read.

There is something to learn from the video and the text. Paxful is a peer-to-peer exchange founded by Ray Youssef in This exchange which supports only Bitcoin is based in the USA and has about 2 million customer base.

This is because the prices are set by the sellers themselves. But when you want to sell Bitcoin, buy bitcoin with vanilla mastercard exchange charges you some percentage for its services. The fees charged vary depending on the method of payment the seller accepts. Here is a —mins video explaining the steps on how to matsercard Bitcoin with gift cards on Paxful. Your account will be created immediately with your wallet.

You can then go ahead and fund your wallet. Also, a link to verify your email is sent to you. Click on it to verify your account and inputting all the necessary details. On Account Verification, everyone is encouraged to verify their accounts but however, Paxful requires mandatory ID verification for the following:. And for those who choose not to participate, they can continue to use Paxful services but there will be a trade and wallet limit in place for those who have not verified themselves.

If at any point, you start feeling uncomfortable with the vendor, please, feel free to cancel the trade. CoinCola exchange is based in Hong Kong and was founded in In a bid to live out its mission statement that says: Connecting you to the future of financeCoincola has more than payment options which include:. The fees charged by CoinCola can be found on its fees page. Read more: CoinCola Review Before I conclude with this post, I want to leave you with a few tips that will aid ensure a smooth transaction:.

The options that I have mentioned above may be few, but you cannot overlook its usefulness because some of us just have these gift cards lying. Armed with this information, you can go on these exchanges and trade it for Bitcoin, the money for the future. This site uses Akismet to reduce spam. Learn how your comment data is processed. Friend’s Email Address. Your Name. Your Email Address. Generally, we have 2 types of gift cards and both can be used in person or online. They are:.

For example, Gap Inc. Its cards can be used interchangeably at any of its affiliate stores: Gap, Athleta, Old Navy, and the Banana Republic.

Since these cards are not reloadable, they are of no further use once the balance on them is spent. Closed-loop gift cards are mostly offered by many stores as a bonus for signing up and by individuals as gifts for occasions like weddings. Though physical vanillla gift cards still dominate the market, there is increased growth in digital cards eGift Cards.

Now that I have explained what Gift Cards are, I will go ahead to list out the exchanges where you can use gift cards to buy Bitcoin in Nigeria. Tweet Pin LinkedIn Email. About Latest Posts. Follow me. Chiamaka Atueyi. Content writer at Nigeria Bitcoin Community. Whether as a member of my high school Press club or part of the Scriptwriters in my community, I’ve been on a writing path from the start. The reason? I like keeping people informed. Leave a Reply Cancel reply. Share this Article Like this article?

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Credit/Debit Card Bitcoin Exchanges

Debit card purchases, like with most services, require identity verification. Sadly, most of us deem them unnecessary and fail to check them while initiating a transaction. Make sure to see if your state is supported. Coinbase does not let you buy anything on their wallet with a visa prepaid debit gift card. There is no added extra fee for the purchase of Bitcoin gift cards. We will be going over the places that sell buy bitcoin with vanilla mastercard Bitcoin gift cards at the lowest of prices. They are touted to be the next big revolution in the world, and as of now, they are certainly performing as per expectations. As stated above, we recommend Coinbase, Coinmama, and Bitpanda. We want to help the average joe trade, buy, sell and use cryptocurrencies. However, there is one substantial risk associated with this alternative you must keep in mind. The great part is that gift cards from almost all retailers work for the exchange. One major flexibility that you as the buyer have your hands on is the power to cancel the transaction at any given time.