fbpx
Connect with us

Diversity in Tech

Here’s How You Can Buy Bitcoin Using a Credit or Debit Card

While the volatility of cryptocurrency is inherent in its nature, the market is still open to the digital currency economy. The past year has attracted many finance gurus who have gone all-in with their crypto trading. In addition, big-name brands such as Burger King and GameStop who are adopting the new wave of finance are also helping make Bitcoin (BTC) and other cryptos a mainstream payment method. There has never been a better time to learn  how you can get your hands on some freshly mined coins. Brandon Mintz, Founder, President, and CEO of Bitcoin Depot, has created momentum in making BTC readily available to the masses while also making the process easier than ever.

 

Bitcoin Depot offers cash-to-crypto services, available through their crypto ATMs. The company has advocated for the Digital to Physical™ method of cryptocurrency. However, some people still prefer to buy their crypto using the traditional methods, such as through a credit or debit card. 

 

“People who can’t visit our ATMs can easily buy their crypto using cards through a safe and fast transaction,” says Mintz. Bitcoin Depot currently offers an online buying service and OTC Desk trading. Mintz shares how a new user can effortlessly buy Bitcoin using a card as well as some things to watch out for when you purchase them online. 

 

Buy Bitcoin Using a Credit or Debit Card 

 

“At Bitcoin Depot, we’ve made it easy to buy Bitcoin online with your credit and debit card. You can use either a Visa or a Mastercard for your purchase,” explains Mintz. To get started, make sure you have a crypto wallet that will store your purchased crypto coins, and this wallet is only accessible to you. The crypto company requires you to make a minimum purchase of $50 worth of cryptocurrency to initiate a transaction. 

 

The current value of one Bitcoin stands at $46,507.57 USD (as of August 19, 2021). You don’t necessarily have to buy an entire coin. You can also buy fractions, with the smallest fraction being 100-millionth of a Bitcoin. “This fraction is called Satoshi as named after the Bitcoin,” adds Mintz. 

 

The platform will ask you to enter the amount of BTC you want to purchase, and a currency will be displayed automatically based on your location. Now, you’re ready to provide the wallet address and receive your Bitcoin within minutes. 

 

Secured with Simplex 

 

Bitcoin Depot also offers its users the choice of different cryptos such as Litecoin and Ethereum. “Since we don’t have any ownership of your crypto, your transactions are more secure than ever and you are free to choose the exact crypto wallet you want. The company has partnered with Simplex for a speedy transaction that is completely automated. The algorithms are such that it eliminates fraud and the A.I. supports secure payments,” adds Mintz. 

 

Expert Tips

 

Mintz recommends that users keep an eye on their digital wallets and diversify their purchases into different wallets, which will mitigate the chances of theft. He also recommends that new users be highly diligent while creating a password, as these should be unique and tough to crack. However, such complex passwords can be forgotten easily, so rather than endangering your security by keeping a virtual note of them, keep them safe on a hard copy document that only you can access.

Josue Arteaga is a 22 yr old Branding Consultant and Venture Capitalist. As the Vice President of Disrupt Media, his aim is to disrupt how branding is done through marketing tools such as Social Media, Press, and podcasts in a unique way. Josue has worked with clients worth over $100m, celebs, and the world's biggest entrepreneur influencers like Ed Mylett, Julius Dien, and more.

Advertisement Become A Crypto Expert

Join Disrupt Magazine

Become A Disrupt Contributor

Most Disruptive

Entrepreneurship7 months ago

Navy Veteran Davis Chris Takes the Music Industry by storm

In life, you need to break down anything that might be holding you back and change course if need be...

Entrepreneurship8 months ago

5 Disruptive Leaders Paving the Way in 2021

Where there is uncertainty, lies a whirlwind of opportunity. 2020 was the year that had entrepreneurs learn a great deal...

Politics1 year ago

Brock Pierce Wants To Disrupt The Two Party System And Be Your Next President

We don’t usually cover politics much here at Disrupt, but when Crypto billionaire and friend of the show, Brock Pierce...

Business1 year ago

John Mcafee – Predictions For The Future

John McAfee is a world-famous tech CEO, computer scientist, civil disobedience activist, privacy advocate, and pioneer of the commercial anti-virus...

Finance1 year ago

Gaby Wall Street – Teaching Latinas to Thrive During The Crisis

It’s no secret we are facing one of the most challenging financial times of the last few decades as we...

Entrepreneurship1 year ago

Tony Delgado – The #1 Entrepreneurship Movement In Puerto Rico

Puerto Rican online market is in constant progress. With many entrepreneurs who are coming here to start a business, it...

Entrepreneurship2 years ago

Elena Cardone – The 10X Ladies Conference Is Declaring 2020 The Decade For Women

The next ten years are meant for women to continue growing their potential and succeeding in multiple areas, including business....

Marketing2 years ago

How Josh Elizetxe Built Snow Into a $40 Million Dollar Business

There is nothing quite like an entrepreneur’s determination when starting a business. That’s my original quote by the way (pun...

Entrepreneurship2 years ago

How Jason Capital Became A Self Made Millionaire By 24

Have you ever wanted to earn the respect of everyone who ever looked down on you at some point in...

Entrepreneurship2 years ago

Sam Bakhtiar On His Way To A Quarter Billion

Dr. Saman Bakhtiar, who prefers being referred as Sam, lives in an 8200 square foot $5.2 million house, Sam is...

Trending

Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. This Podcast was designed to give them a taste of that.