You might want to know how to buy Ethereum with debit card. We all know that debit cards are very easy to use and most of us have one. This is why we want to get access to Ethereum (ETH) and gain exposure to this virtual currency. However, it is not clear how to buy Ethereum with debit card.
This guide aims at making it clear and easy for you to buy Ethereum with debit card. We do not promise you that you will do so in just three seconds, but it is relatively easy to do so. Moreover, if you are already a crypto enthusiast, things become even easier.
What is Ethereum (ETH)?
Ethereum is known for being one of the largest cryptocurrencies in the world. Indeed, it is the second-largest after Bitcoin (BTC). One of the things that we need to take into consideration is that Ethereum was one of the first blockchain networks that made it possible to create smart contracts.
Developers, companies and users can easily use Ethereum to deploy smart contracts, create decentralized applications (dApps), launch tokens and more. Indeed, the expansion of the decentralized finance (DeFi) market has been highly related to Ethereum and developers building on top of it.
At the same time, Ethereum can be used for many other things, including to store documentation, record data or even for elections in local communities, among other things. Everything can be done thanks to the execution of smart contracts on top of this network.
Ethereum is also faster and cheaper to use than Bitcoin (BTC) in normal conditions. This is because it has faster blocks. However, Ethereum developers are working in order to make it possible for Ethereum to be even faster and more efficient.
With the large number of apps and users that Ethereum onboarded in recent years, it is not possible for the network to offer efficient and reliable solutions. Sometimes, the network is congested and it can take time to send or receive a transfer.
Thus, Ethereum could move from a Proof of Work (PoW) network to a Proof of Stake (PoS) consensus algorithm. This would make it faster and easier for all the projects to run efficiently and reduce the fees users pay for a transaction. There might be other improvements to the Ethereum network in the future. With the guidance of Vitalik Buterin and other developers, Ethereum is certainly among the most powerful blockchain networks in the world.
What is ETH?
Now that we know what is Ethereum, we need to know what is ETH and how to buy Ethereum with debit card. As we mentioned before, Ethereum is a blockchain network that makes it possible to execute smart contracts in a fast and easy way. Because of this reason, several investors want to get access to ETH.
ETH is the virtual currency that powers the Ethereum blockchain. This happens in a similar way as Bitcoin. BTC is the cryptocurrency that runs on the Bitcoin blockchain. ETH can be used to pay for gas fees when we perform a transfer or when to pay for the execution of smart contracts.
A smart contract involves engaging with an application or a decentralized finance application, executing a trade on decentralized exchanges or securing documentation on this blockchain network. However, many other things can be done with Ethereum and the ETH virtual currency.
It is also worth noting that the ETH cryptocurrency can also be traded and used as a normal digital asset. For speculative reasons, investors can buy or sell ETH waiting for its price to grow or fall (if they opened a short position). At the same time, they can also stake ETH and get some rewards for being part of the network.
ETH has been growing around the world and it is now among the largest virtual currencies in the world. ETH is now being traded at around $2,600 and it has a market valuation of $304 billion. Over the last few months, ETH was able to reach a new all-time high close to $4,400.
If you want to know how to buy Ethereum with debit card, then the next sections will give you clarification about it.
Where to buy Ethereum (ETH)?
Users and investors can buy Ethereum on a wide range of platforms. Indeed, considering this is the second-largest cryptocurrency in the world, there are several platforms that have decided to offer it to investors.
The easiest and fastest way to buy Ethereum is by using crypto exchanges. These are platforms similar to forex or stock brokers that make it possible for you to deposit funds and buy the virtual currencies you want. Once on the platform, you can generally trade the coins for others.
By using cryptocurrency exchanges, users are able, in some cases to use debit cards, credit cards, bank transfers and even other virtual currencies. However, the easiest way to buy Ethereum is by using a debit card.
Furthermore, users can also buy Ethereum on P2P platforms. These are platforms that make it possible for you to get in contact with other people and buy ETH directly from them. This is not the easiest method but it is very useful in countries and jurisdictions where crypto exchanges are not available.
Finally, it is possible to buy Ethereum from other people even without using a P2P platform. In order to do so, you need to know a person that holds Ethereum and that would like to sell it. This can be done in Ethereum groups or meetups in your region where people talk and discuss the current status of the network. Rather than giving your information and data to a local crypto exchange or platform, it is sometimes more useful to buy Ethereum from other people. However, you should always be aware of scammers that could be ready to steal your funds.
How to Buy Ethereum with Debit Card?
There are several platforms that make it possible for you to buy Ethereum with debit card. We should now focus on which are these platforms and which are the benefits over other types of exchanges and options available in the crypto market.
If you want to buy Ethereum with debit card, you should always have a close look at which are the options available. These options include exchanges, cryptocurrency wallets and even other types of platforms.
Each of these options has different services, works in different locations and might not be 100% suitable to you. Everything depends on the type of solutions you are looking for. The easiest way to do so is usually through a cryptocurrency exchange. If this option is not available in your region, then a crypto wallet that operates where you are located could be another option.
In the next sections, you can find a wide range of platforms that could be useful for you to start engaging with the crypto market and that would definitely let you buy Ethereum with debit card.
Paybis is a platform that makes it very easy for you to get access to the virtual currencies you want in a fast and easy way. Compared to other solutions, Paybis promotes its business as a platform that allows you to buy Ethereum with debit card or credit card instantly and send the funds to the wallet you want.
The company has been found by a team of passionate blockchain enthusiasts that want to make it possible for individuals from all over the world to get access to cryptocurrencies, including Ethereum. Indeed, they claim that they have developed a platform that allows users to buy and sell their favourite digital currencies using a variety (and often unusual) of payment methods.
One of the positive things about Paybis is that they include a wide range of virtual currencies rather than just the most popular ones. At the same time, they have a passionate customer support team that is ready to answer all the questions investors could have and that would help them handle the coins they want to acquire.
If you want to get easy access to ETH and to buy Ethereum using debit card, then Paybis is a very good option. Although this is not a traditional crypto trading platform, you would get access to unique solutions that would make it easy for you to purchase the coins you want.
Binance is perhaps one of the largest cryptocurrency exchanges in the world (if not the most popular). This platform has been growing over the last years thanks to the services that it offers to its clients. Users can buy Ethereum with debit card and get also access to a wide variety of virtual currencies.
The customer experience of Binance is among the best selling points of this platform. It makes it very easy and comfortable for users to get access to a wide range of virtual currencies and services in the crypto market.
For example, you can trade futures contracts using Binance. You can also exchange digital assets for fiat currencies or even stablecoins. At the same time, Binance has added some more features such as the launchpad for Initial Exchange Offerings (IEOs), borrowing funds and lending digital assets for rewards.
Moreover, Binance offers a wide range of promotions on a regular basis. Indeed, you can trade and earn rewards, participate in different promotions and get access to exclusive digital assets or discounts.
Binance main benefit is that allows users to buy and sell cryptocurrencies with debit cards and even bank transfers. If you want to get easy access to virtual currencies, then Binance is the right way to go.
Trust Wallet is one of the most recognized and downloaded wallets in the cryptocurrency market. Indeed, if you are just starting with digital assets, Trust Wallet could be the right wallet to use considering it has a wide range of services and solutions.
While wallets in the past allowed you to only hold some BTC and ETH or send and receive payments, Trust Wallet is now making it possible for users to enjoy different services. For example, users can buy Bitcoin and Ethereum with debit card in under five minutes. This is lightning fast!
Users would not only be able to hold their virtual currencies, but they have the possibility to collect Art and non-fungible tokens (NFTs) in just one place. Furthermore, users will also be able to exchange cryptocurrencies without leaving the application. That means that this wallet became more like a virtual currency exchange with a focus on security and custody.
Trust Wallet is one of the best ways to buy Ethereum with debit card if you do not want to have two different platforms (an exchange and a wallet). Everything can be done in just a few minutes and without leaving the Trust Wallet application that is available for both Android and iOS users.
Let’s now get to CEX.io as a virtual currency exchange that allows you to buy Etheruem with debit card. This exchange is now one of the fastest-growing in the market thanks to the wide range of solutions that it is currently offering.
They have a large selection of coins available making it easy for users to get access to the most popular digital assets in the market. Not only you will be able to buy Etheruem with debit card, but you will also get access to some of the most useful virtual currencies in the industry.
At the same time, CEX.io offers users the possibility to buy USDT and other stablecoins using a debit or a credit card. In this way, it becomes very useful for users to purchase the coins they want and engage in different platforms in the crypto space.
Furthermore, in a similar way as Binance, CEX.oi makes it also possible for users to withdraw their funds once they have purchased them. If you bought Ethereum with a debit card, then you want to make sure it is held in a secure hardware or software wallet for which you have the private keys.
Although exchanges are very useful and make it possible for us to purchase virtual currencies, we should also know that holding our coins outside an exchange is one of the best things we can do.
There are several platforms that make it possible for users to buy Ethereum with a debit card. The good thing is that there are many solutions with different services that meet the needs of most crypto users from all over the world.
If one of the platforms is not available in your region, then you can certainly try one of the other ones. Furthermore, if you want to make sure you hold your coins in a safe place, the best thing to do after purchasing Ethereum or any other coin is to withdraw them to a safe and secure wallet.
Hardware wallets such as Ledger are usually the best option to hold Ethereum but there are other software wallets that give you full control of your private keys. The platform you use depends on the needs you have.