fbpx
Connect with us
Apply Now

Diversity & Inclusion

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.

Continue Reading


Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Opinions expressed by Disrupt Contributors are their own. Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.


Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. 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. Disrupt Magazine was designed to give the world a taste of that.