Can I buy Bitcoin with a Netspend Card?
Yes, you can buy crypto with a Netspend card by using a cryptocurrency exchange that accepts debit card payment. Some popular exchanges that support this include eToro, Coinbase, Bitstamp, and CEX.io. However, it's important to keep in mind that using a debit card to buy cryptocurrency can come with higher fees compared to other payment methods and that not all exchanges accept Netspend cards.
How to buy Crypto with a Netspend Card
As outlined above, the best way to buy cryptocurrencies with a Netspend Card in the United States is with a regulated platform that accepts debit card payments. Our top pick for investors is eToro because it offers significantly cheaper fees than popular alternatives like Coinbase. In addition to this, eToto also allows investors to buy crypto-related stocks & ETFs, unlike Coinbase which only offers crypto assets.
You can follow this simple guide below to get started:
- Register to the eToro platform and complete your identity verification.
- Select 'Deposit Funds' and select 'Debit Card' and 'USD'.
- Input your Netspend Debit Card details and the amount you want to deposit.
- Deposit USD and buy Crypto on the eToro platform.
Netspend Cryptocurrency Policy
The Netspend Company does not prohibit their customers from engaging with cryptocurrency trading platforms in the US that are licensed. This means you are safe to deposit USD from Netspend to exchanges like eToro to buy Bitcoin and other digital assets.
Netspend is a leading provider of prepaid debit cards in the United States. It offers a wide range of products and services, including prepaid debit cards, reloadable cards, mobile check deposits, online bill pay, and more. Netspend is licensed and regulated by the financial authorities in the US.
Fees for buying Crypto with Netspend
There are two main fees you need to consider when buying Crypto with a Netspend Account, or Netspend Card.
- Deposit Fees: The fees you pay to deposit USD to an exchange
- Trading Fees: The fee charged to buy Bitcoin with USD
With the eToro platform, both the deposit fees from a Netspend Bank account are completely free. Also - the trading fees once you have USD on the platform are completely free. You can learn more about their fees in our extended eToro Review.
In conclusion, buying cryptocurrency with a Netspend card is a viable option for investors looking to invest in the crypto market. Our top recommendation for buying crypto with a Netspend card is through eToro, a licensed and regulated platform with low deposit and trading fees. By following the simple guide outlined in this post, investors can easily deposit USD with their Netspend card and trade a variety of digital assets on the eToro platform. Before making any investments, it's important to keep in mind that using a debit card to buy cryptocurrency can come with higher fees compared to other payment methods, and to carefully review all the fees and policies involved.