•Step by step guide to how to buy bitcoin with a debit card
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Link your debit card account and transfer Funds. …

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Buy bitcoin on eToro –Since its creation in 2009, Bitcoin has continued to dominate both headlines and the general cryptocurrency market. It is the largest cryptocurrency by market capitalisation and shows no sign of giving up this position any time soon.

 

If you’re looking to diversify your portfolio with cryptoassets, and are considering allocating a percentage of your capital to bitcoin, you’ll need to know exactly how to buy bitcoin and how to keep it safe.

 

There are several different ways to buy bitcoin. Most commonly, however, bitcoin is bought through a cryptocurrency exchange. Crypto exchanges are versatile platforms that offer a range of features, enabling investors to buy, sell or hold cryptocurrencies and other cryptoassets.

 

There are two different types of crypto exchange: centralised and decentralised. The former utilises “Know Your Customer” (KYC) checks and validates the identity of its users, whereas the latter encourages anonymity and does not require personal information.To purchase bitcoin, you will first need to create an account, the process of which will vary depending on your chosen exchange. Most exchanges will then allow you to connect your bank account directly, or you can choose to use a debit card.

Tip: Despite being legal in many countries, cryptocurrency is still a widely mistrusted asset. As a result, not all financial institutions will accept deposits to crypto-related sites. Make sure to check your bank’s position on cryptocurrencies before creating an account with a crypto exchange or trading platform.

Exchanges enable you to buy smaller denominations of bitcoin. You can usually spend fiat currency — and receive a proportionate amount of bitcoin in return — or purchase a set amount of bitcoin, using fiat currencies. There is no difference in price or value, so this comes down to preference.