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Numerous ways exist to purchase bitcoins and each way to purchase bitcoins comes with its pros and cons. Some methods are faster than others but more costly, while some methods keep your identity safe but at the cost of processing speed or security of the transaction. When we look at the most frequently used method of purchasing bitcoins then we can see that most people prefer to use their credit or debit cards to purchase bitcoins.<br><br>
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HOW TO BUY BITCOIN WITH DEBIT CARD INSTANTLY
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PROS CONS Since credit and debit cards are connected with your bank, they are the safest way to make a transaction but this also means that your transaction data will be shared with the regulatory authorities. The biggest advantage that cards have over other methods of purchasing bitcoins is that of processing speed. You can purchase bitcoins almost instantly through cards.
Buy And Sell Limits These limits vary from one website to another and users may find different based on a ranking system on a single platform. limits
How Bitcoins With A Debit Card PRE-REQUISITES To Purchase BITCOIN WALLETS COME IN MANY DIFFERENT FORMS, YOU CAN GET AN ONLINE WALLET, DESKTOP WALLET, PAPER OR HARDWARE WALLET SELECT A PAYMENT METHOD GO OVER TO THE PAYMENTS SECTION AND SELECT YOUR DEBIT CARD AS YOUR PAYMENT METHOD THEN GO TO THE TRANSACTION PAGE, SELECT THE NUMBER OF BITCOINS THAT YOU WANT TO PURCHASE.
There are a few things to keep in mind before purchasing bitcoins. Check up with your local laws and regulations first. Although bitcoin has been around since 2006, countries have been slow to embrace it completely. Before choosing an exchange, carry out your own due diligence first. The rate of bitcoin offered by each exchange will be different because bitcoin doesn`t have a single set rate.