If you are googling: “where to buy bitcoins with a debit card” or credit card, you are in the right place.
First, let’s make a quick overview of the crypto to get a grasp of its characteristics.
Bitcoin is the first cryptocurrency in the market that emerged in 2008. The fact that no one knows who invented it did not make it less popular.
On the contrary, BTC is always in high demand and is one of the most popular currencies worldwide.
In essence, BTC is a decentralized coin or currency that is not governed by any governmental authority such as central banks.
Its decentralized nature, along with a limited number of Bitcoins and a high demand, drove its price higher and higher.
At the time of writing this post, the Bitcoin price is 1 BTC = $48,950.
People who bought Bitcoin in its early stages are now millionaires. The BTC price rose from 1 BTC = $0.10 in its early stages to a whooping 1 BTC = $48,950 as of today.
The Bitcoin maximum price reached of all time is 1 BTC = $63,729 in April 2021.
Today, we will discuss a place where you can buy, sell, and trade bitcoins on a peer-to-peer basis and with ease.
Where To Buy Bitcoins With A Debit Card :
Buying Bitcoin with a bank card might seem like a challenging task for some.
Fortunately, this isn’t true as many BTC buy and sell service providers are out there that provide such a service.
You can also find peer-to-peer BTC exchange platforms where you can exchange the crypto coin easily and fast.
The best of them, bar none, is Localbitcoins.com.
Using Localbitcoins.com, you can easily and quickly buy the needed amount of BTCs with ease and quickly using your debit card.
1- Sign Up To LocalBitcoins.com:
Signing up to Localbitcoins.com is very easy and straightforward.
First, go ahead and sign up using this quick form here: LocalBitoins.com Registration.
The steps here are apparent. You just need to choose your username, email address, password (twice).
Also, tick the “This is a company account” for business use. For individuals, please leave it blank.
Last is to verify yourself as a real human being using the ” I am not a robot” captcha.
2- Basic Verification Procedure For Localbitcoins.com
Go to your email and click the link.
By now, you will be on the profile information page. You have to put your full name, country code, phone number, country, and estimated trading volume.
At the bottom, tick the box that says that you are not a politically exposed person (only if genuine).
Then, click submit.
After that, you will be on the SMS verification page, which is also super easy to do.
3- Tier 1 & Tier 2 Verification On Localbitcoins.com:
Now that you have verified your email and phone number go to the top right corner and click the dropdown, then settings.
Go to verification, here you will see four verification tiers. Most probably, you will have tier 0 almost complete.
Just follow the steps to complete tier 0 and tier 1 verification.
You will have to take a selfie from a link sent to you by SMS in addition to uploading a valid identification document.
The ID document can be a photo of any of the following choices:
- valid passport.
- Driving License.
- Government ID.
- More options may be available.
After completing Tier 1, you will have a yearly trading turnover of Up to 20,000€/year trade and transaction volume.
4- Buy BTC With Credit Or Debit Card:
Here comes the best part of your LocalBitcoins experience.
To buy BTC with your debit or credit card, go to the top left corner and click “Buy Bitcoins.”
In the search bar, input the following info:
- In amount: input the desired BTC value you wish to buy. For example: $600, $1000, $20,000, $50,000 etc.
- In Currency: Select your local currency or any other currency you wish to use. Widely used are USD and EUR.
- Country: Select your country of residence.
- All Online Offers: click the dropdown menu and select “Credit Card” or any other payment form you find convenient.
- Search: Click the search button.
You will now see a list of BTC sellers offering their services using debit or credit cards.
5- Seller Selection Procedure & Mindset:
Now that you have a list of many sellers, the Localbitcoins systems will show you the offers from the best lowest BTC price to the Highest.
A word of advice, do not select a trader just because he has the lowest BTC price to USD.
Your mindset here should focus on finding the most trusted trader.
The system will show you the trader name, the number of trades performed, the trust score, and the minimum / maximum transaction limits.
Always seek a trader with high trading volume and a trust score above 95%.
6- Placing A Buy Trade On Localbitcoins.com:
Now that you have chosen the trader, go to the right and click the BUY button.
A new page will open, read all the trade information correctly to avoid any mistakes or misunderstanding.
In the middle, input an amount of your choice. The amount should be within the trader’s minimum/maximum limits.
Next, you can write a message to the trader and click the “Accept terms and send trade request” button.
At this point, a new page will open with the details of the trade.
Here, you will get a message from the seller asking you for information (these may vary from one trader to another).
Usually, once you provide all the needed info, the BTC seller will send you a purchase link to complete the purchase with your card.
7- Finalizing The Trade:
At this stage, the BTCs required are in escrow, waiting for your payment confirmation.
Once your Debit card payment goes through, go back to the trade page and click the ” I have paid” button.
The system will notify the seller that you have paid and release the Bitcoin amount as agreed.
Your BTC will be directly added to your LocalBitcoins wallet.
Easy, Fast, Secure & Reliable
With more than ten years of market presence, LocalBitcoins.com has proven to be a leader in the cryptocurrency’s peer-to-peer trading market.
Bitcoin has always been and will always be an exciting crypto coin.
Its peer-to-peer nature makes it the fastest and the most reliable easy form of BTC purchase.
As long as you select traders with high trading volume and high trust scores, you have nothing to worry about.
Additionally, you can always file a dispute in case of any problems, and Localbitcoins.com will investigate further and resolve the issue.
You can sign up for a FREE account here: LocalBitoins.com
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