Bitcoin has been around for a while, but it has only lately acquired widespread notice. There are a couple reasons for this, the first being the tremendous growth in value over the last few years, and the second being the growing number of retailers that are beginning to accept bitcoin as payment. Furthermore, the emergence of NFT and the Metaverse has contributed to the media frenzy.
Buying bitcoin can be perplexing for people who are new to the game, but the most frequent approach is through a bitcoin exchange. This post will explain how to buy bitcoin with a debit card, as well as give a list of the top exchanges to utilize.
So, let’s get this party started!
What’s The Best Way to Buy Bitcoin in UK?
It’s always recommended to buy bitcoin with debit card as it disciplines you and at the same time you don’t get addicted to the process.
Follow these steps to get started:
- Narrow down on a bitcoin broker – There are several brokers to pick from, so do your homework to locate the best one for you.
- Create an account – Before you can begin trading, you must supply some personal information and verify your identity.
- Invest – Most brokers will allow deposits into your account through bank transfer, credit or debit card, or cryptocurrency such as Bitcoin or Ethereum.
- Trade – After funding your account, you may purchase Bitcoin (or any other cryptocurrency) at the current market price. Following that, you must keep them in a safe digital wallet. You may sell your Bitcoin or other cryptocurrencies at any moment via the broker’s site.
Which Platforms Should You Trust?
If you want to buy Bitcoin using your debit card in the UK quickly and easily, Revolut is the platform for you. Revolut is a London-based FinTech firm that offers a mobile banking app and prepaid debit card. It was founded in 2015. The software lets you save and trade up to 26 currencies and the card is accepted in over 130 countries.
After you have confirmed your identification and enrolled for the service, Revolut will issue you a debit card. The card may be used to make in-store and online purchases, as well as withdraw cash from ATMs. You can also use the app to keep track of your spending, create budgets, and receive reminders when you exceed a spending restriction.
You can purchase Bitcoin quickly with your debit card using Revolut. The process is simple as entering the amount of Bitcoin you wish to buy and click “buy.” Within minutes, your Bitcoin will be handed to your Revolut wallet.
Finally, when you buy Bitcoin with a debit card, Revolut imposes a 2.5 % fee. In comparison to other sites, this is a comparatively cheap cost.
When it comes to the Monolith Visa card, there are no particular cash-back benefits to consider. This, however, should not be seen as a deal-breaker. After all, many of the most lucrative cryptocurrency cards, such as the Crypto.com Visa card, rely on their clients’ willingness to speculate on the price of a proprietary token linked to the card.
While Monolith has its own token, TKN, using Monolith’s services is not required.
More than 1.3 million people have joined up for the service, and more than 134 thousand C.Pay cards have been distributed. Every month, the company handles over 50k transactions and provides services not only to EU nationals but also to persons from all around the world.
The C.pay card allows you to pay for services using your cryptocurrencies in the same manner that you would with cash. This card is accepted anyplace Visa cards are accepted, so you should have no problem finding a location to use it, albeit you can only order it if you live in Europe.
The C.pay card also includes certain fees that aren’t quite minimal. The card is typically purchased for 15 euros, with a monthly maintenance fee of 1 euro, a 1% fee to load or unload your card, and a 2.5 % domestic and 3.5 % international ATM fee.