How to Buy Crypto with Prepaid Card? A Simplified Guide

Learn how to buy crypto with a prepaid card in this simplified guide for an easy crypto purchase

Buying Cryptocurrency with a prepaid card is a relatively straightforward process. A safe and simple option to buy crypto is using prepaid debit card. There are a number of convenient and flexible options for adding to your crypto holdings using prepaid debit cards and gift cards.

If you are preferring to maintain privacy and don’t have access to traditional banking methods, buying crypto with prepaid card can be a convenient option. Getting started with this, you will need to sign up with crypto brokerages such as eToro, Binance, Coinbase etc that are widely trusted multi-asset investing platform with over 70 cryptocurrencies and unique features like crypto trading etc. These platforms cut across brokerages, cryptocurrency exchanges, and peer transaction platforms. Unlike credit cards, prepaid cards require to load money onto the card first. Here is a simplified guide on how to purchase crypto using a prepaid card:

 1.Choose a cryptocurrency exchange

The first step to purchase crypto is to select a suitable Cryptocurrency exchange that supports prepaid card purchases.

2.Sign up for an Account

Create an account on the platform using email, name, number and a strong password.

3.Verify your account

For the verification process, user need to submit identification documents like passport or driver’s license and sometimes proof of address.

4.Select the prepaid card payment option

Choose for the payment option ‘Pdepaid Card’. Link by entering the card details to facilitate the transaction.

5.Choose Cryptocurrency

Decide which Cryptocurrency you want to purchase with your prepaid card.

6.Enter purchase details

Enter the amount of cryptocurrency you wish to buy. Some exchanges aks to specify the amount in either crypto units or currency equivalent.

7.Provide card details

After entering the amount,give card details like CVV code to cover the purchase.

8.Confirm the Transaction

Before finalizing the transaction, first review and confirm the transaction.

9.Complete the purcahse

Once confirmed, the exchange will process your payment. Crypto is deposited in your exchange account.

10.Transfer to a secure wallet

After the purchase is complete, transfer the crypto to personal wallet for enhanced security.