Bitcoin prepaid card has two meanings and there are different people who are looking for different answers. In this article, I will cover both the terms of bitcoin prepaid card so that you are satisfied with the information that you are looking for.
There is no doubt how insanely popular bitcoin got in just a few years. And it became one of the revolutions in the information technology globally. Today essentially every person wants to buy bitcoins and wants to invest in it. And thus there are various ways through which you can buy bitcoins, such as:
There also is another way through which you can buy bitcoins, that I will cover further on this topic.
As I mentioned earlier in this article, that there are two meanings to the term bitcoin prepaid card, and they are:
- Being able to buy bitcoins using a prepaid card
- Converting your bitcoins to a prepaid card and using it as a debit card to buy things.
If you came here looking for answers to one of the above terms. Then let me explain you in brief about what they are, how it’s done and how you can use it.
First, I will cover the things about how to buy bitcoins using a prepaid card. And then I will proceed towards converting your bitcoins to a prepaid card. If you want answers to the second term I recommend you skip the first pointer and read from the 2nd pointer, that is from “What is Bitcoin prepared card”
How to buy bitcoin with a prepaid card
Buying bitcoin with a prepaid card is now possible and very easy to complete the process. Prior it wasn’t possible to buy bitcoins using a prepaid card. You specifically needed to make use of debit/credit card. Today, a few top exchanges do accept a prepaid card to make purchases. Below is a list of the exchanges who accept a prepaid card.
5 exchanges to buy Bitcoin with a prepaid card
Coinmama is a reliable and stable name in the cryptocurrency world. It offers its services to over more than 188 countries with a low service fee. Coinamam accepts payment options which include prepaid card and debit/credit card. It is one of the widely popular exchanges which is trusted by over 1,250,000 people worldwide.
Coinbase is another most popular cryptocurrency exchange which allows payments through a prepaid card. It provides amazing security and protection features which help in keeping your bitcoin wallet safe. Coinbase has exchanged over more than $150B+ in cryptocurrency. It provides its services to 32 countries. And has an amazing list of 20M+ customers served. The service fee of coinbase is comparatively low.
Cex.io is one of the oldest exchange in the cryptocurrency sphere. It supports the purchase of multiple cryptocurrencies, meaning you can buy other altcoins and cryptocurrencies easily on Cex.io. The service fee is up to 3.5%. It Provides its services to almost all countries. And has an active traders list of over 2,632,816.
LocalBitcoins is a p2p website, a marketplace for buyers and sellers. If you have trouble buying bitcoins in any of the exchanges, then give a try for localbitcoins. There’s a high chance you’ll find a seller in your region.
It provides its support for 248 countries with various payment methods. This in itself is a plus point. The service fee is very minimal compared to other exchanges and provides reliable security features.
Paxful is similar to localbitcoins and is widely known and trusted in various countries. It provides with over 300 plus ways to pay for bitcoins and is growing fast in terms of served customers.
What is Bitcoin prepared card
Bitcoin prepaid cards have gained a lot of attention lately and are widely growing amongst most of the bitcoin enthusiasts. And why not, It bridges the gap of traditional finance and you can now easily be able to use your bitcoins to purchase the things you like from the market.
Obviously, you are not permitted to spend your bitcoins directly but you can top up a prepaid card and use it in the outlets. It’s just similar to a traditional debit card. Here you simply purchase a prepaid card and load it using your bitcoins. Once it’s successfully confirmed, you can then make any purchases out in the market
How to get bitcoin prepaid card
The process of getting bitcoin prepaid card is incredibly easy. Below are 4 prepaid card providers you can choose from.
SpectroCoin is one the best amongst bitcoin prepaid card. It provides some best features and security which makes it stand in the number 1 position. The prepaid card offered by SpectroCoin can easily be used in any ATM machine worldwide or any shopping outlets. SpectroCoin offers two types of card.
- Physical prepaid card
- Virtual prepaid card
Virtual cards are issued instantly and can easily be used online to make purchases. Physical ones are issued within 1 or 2 weeks and can be used online and physically in ATM’s and outlets etc.
The service provided by SpectroCoin is fast, you can instantly load your bitcoins in the card. The cards are available to various countries in 3 currency format, the dollar, Euro and Pound. You can also load another cryptocurrency apart from bitcoin in the card.
Uquid provides free access to above more than 80 cryptocurrencies, which is a plus point. They provide their services to over more than 180 countries. There’s no necessity of verification or identification required to get the prepaid card. You can use Uquid in the ATM machines, online and shopping outlets
Bitwala comes in both physical and virtual format and is priced less compared to other similar bitcoin prepaid card. You can use Bitwala prepaid cards online in ATM machines and in the shopping outlets as well.
4. Coinbase / Shift card – US residents
Coinbase shift card is one of the best-known cryptocurrency exchange. And they also have included the facility of prepaid cards. The only drawback of coinbase prepaid card is that it provides support to only US states.
In this article, I have explained the two different terms and meanings of bitcoin prepaid card. If you were looking to buy bitcoins with prepaid cards. Go with any of the exchanges that I’ve mentioned, or the best bet would be to use localbitcoins if other exchanges don’t support your country.
If you wish to buy a prepaid card to load bitcoins and use it in the ATM’s and online and other shopping outlets. Then, I would recommend you go for SpectroCoin, as its the best amongst prepaid cards for now. I’ll leave the choice up to you.
If you have any questions, feel free to ask in the comments section below.