Bitcoin ATMs are a quick and easy way to buy bitcoins and they’re also private. However, not all Bitcoin ATMs allow you to buy bitcoins with a debit card.
Some require you to have a Bitcoin wallet already set up on your phone or laptop in order to use the ATM. Others only allow you to buy bitcoin with cash.
To find a Bitcoin ATM that allows you to buy bitcoin with a debit card, you can use Coin ATM Radar. Just select “Debit Card” as your payment method and enter your location.
If you don’t have a Bitcoin wallet yet, you can create one for free on Coinbase. Once you have a wallet, you can use it to buy bitcoins on a Bitcoin exchange or from individuals selling bitcoins.
While buying bitcoins with a debit card is convenient, it’s also more expensive than buying with a bank transfer. The reason for this is that when you buy with a debit card, the transaction is processed as a cash advance, which comes with higher fees.
If you want to avoid paying these higher fees, you can buy bitcoins with a bank transfer on an exchange like Coinbase Pro or Kraken. These exchanges don’t charge any extra fees for bank transfers.
So, can you use a debit card at a Bitcoin ATM? While some ATMs do allow you to buy bitcoin with a debit card, it’s generally more expensive than other methods and may not be available at all locations. To find the most convenient option for buying bitcoin, check out Coin ATM Radar or an exchange like Coinbase Pro.