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How Prepaid Cards Work?Prepaid cards are debit cards that are loaded with cash by a card holder in advance. Many prepaid cards are Visa or Mastercard and they look like a typical debit or credit card. However, prepaid cards are not connected to a bank account like debit cards. Prepaid cards are convenient because you can seamlessly buy it online or in a physical store. Customers are usually not required to show their ID or Social Security Number (SSN) when they are purchasing a prepaid card. Prepaid cards have a relatively small maximum available balance, typically limited to $500.
There are two types of prepaid cards — reloadable and non-reloadable. Non-reloadable prepaid cards can be loaded only once, at the time of purchase. When customers are purchasing reloadable prepaid cards, they can load more money into the card, within the predetermined maximum balance. Governments often use prepaid cards as a convenient way to distribute cash payments. Cash App, for example, supports most government-enabled prepaid cards. We also accept some prepaid cards and our customers can instantly buy Bitcoin with a prepaid card on our website.
Prepaid gift card as a payment method is convenient because your payment transactions are secured by financial institutions and typically processed immediately. As a result, you can receive your Bitcoin in minutes, if you buy Bitcoin with a prepaid card. This is not the case when you are using bank wire transfers and some other payment methods to purchase Bitcoin.
Where to Buy Bitcoin with a Prepaid Card?
Some cryptocurrency exchanges allow their users to use prepaid cards as a payment method. However, regulators all over the world require stricter regulations of crypto exchanges, crypto wallets, and other crypto related businesses. Therefore, such companies are forced to be compliant with financial regulations and implement more rigorous and time consuming Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.
At the same time, we observe a growing demand for online fiat-to-crypto services that can improve customer experience and make Bitcoin purchase process faster and easier. Such Fintech companies as MoonPay and Simplexuse a simplified KYC process and allow their customers to buy Bitcoin with certain prepaid cards instantly. We partner with MoonPay and our customers can seamlessly buy Bitcoin with some prepaid cards, including VISA and Mastercard.
You can learn more about Bitcoin investment products and strategies here.
Legal Disclosure: The information contained in this article is the property of Digital Finance LLC and cannot be republished without our prior permission.
Digital Finance is a Washington, DC, financial company that specializes exclusively in the Bitcoin market. We provide easy and compliant exposure to digital assets and help our customers from all over the world to instantly buy Bitcoin and earn up to 6% annually on their Bitcoin holdings.
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The Bitcoin prepaid cards are an easy, fast and secure way to buy Bitcoin. The Cryptovoucher Prepaid Cards are available in various Euro amounts and can be redeemed on the Cryptovoucher.io website. The Crypto prepaid cards guarantee a fast, secure transaction with instant transfer of your newly acquired crypto currency to your wallet. Bitcoin exchange rates are updated every 15 seconds ... Prepaid cards are convenient because you can seamlessly buy it online or in a physical store. Customers are usually not required to show their ID or Social Security Number (SSN) when they are ... Use your Mastercard, Visa, or other prepaid debit cards to buy Bitcoin on Paxful safely and instantly. Browse our list of offers and start trading! Prepaid cards on the other hand only allow you to buy goods or services with money you actually have. You may wonder why people use them in the first place, but consider this man who decided to take out an equity loan on his house to buy around 191 Bitcoin last year. If it wasn’t clear before, it should be now – buying cryptocurrency on ... Prepaid cards, also known as everyday cards, work in a similar way to a pay-as-you-go mobile phone. You load them with cash when you first buy them and top them up when the cash starts to run out. Unlike a credit card, a major advantage of a prepaid card is you can’t run up debts on them. They only allow you to buy goods or services with the money you actually own. This makes them a useful ...
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Buying Bitcoin with credit card from traditional exchanges is as easy as ABC, but if you want to make more profit you might want to buy your bitcoins from a ... How to buy bitcoins with debit card? Read here: https://medium.com/@atmachchristiz/ho... There are a number of options on the market already called prepaid bitcoin ... This video is a simple tutorial on how to purchase bitcoin with your debit card on Coinbase. If the video was helpful please rate & subscribe to my channel a... How to turn your BITCOIN into spendable CASH Best bitcoin debit cards - Duration: 23:56. ... Best Prepaid / Debit Travel Cards Compared UK 2019 - Duration: 11:44. Jamie Brown 51,254 views. 11:44 ... If you are looking to Buy Bitcoin Anonymously With Your Debit Card, Credit Card and even gift cards such as Amazon gift cards on paxful, itunes gift cards on...