How To Buy Bitcoin With A Debit Card (Quick Start Guide 2021)

[Shiftal]

Besides being the largest cryptocurrency by market cap, Bitcoin also enjoys the most popularity in the market. Most of the newbies as well as experienced investors want to get a chunk of the Bitcoin bumps that come very frequently and end up making people rich. But, did you know how to buy bitcoin with a debit card in India?

Most of the crypto exchanges in India that allow users to buy/sell Bitcoin only allow payments via credit card or direct bank transfer. But, there are also a couple of exchanges where you can buy Bitcoin easily & securely using your debit card.

Why buy bitcoin with a debit card

Buying bitcoin using your bank debit card is not only convenient but also affordable, as there is usually no bank charge levied on debit card transactions. Credit card companies, on the other hand, charge a hefty fee in the range of 2-10% from the user.

Also, by using a debit card you can only spend money that you have in your bank account, which will ensure you are not overspending or investing money that you don’t own (credit card debt, loans, etc.). When investing in cryptocurrencies, it’s very crucial that you remember the first rule of investing, which is Do Not Invest What You Cannot Afford To Lose.

In India, where the number of people using debit cards (~85 crore) is over 14 times the number of people using credit cards (~6 crore), most of the new crypto buyers would likely prefer to use a debit card to buy their first Bitcoin.

Shiftal is one of the leading P2P crypto exchanges in India that now also supports the debit cards of all Indian banks. So, if you are looking for the best & easiest and secure way to buy Bitcoin using a debit card in India, this is it.

How To Buy Bitcoin (BTC) With a Debit Card on Shiftal Platform

Shiftal is a first-of-its-kind P2P crypto exchange that currently allows users to buy Bitcoin and ETH directly from other users on the platforms. So, when you want to buy Bitcoin, the platform will simply connect you with a potential seller, who you can trade with directly.

One of the best things about the Shiftal crypto exchange is that it supports over 75 payment methods, including popular options like credit cards, debit cards, bank transfer, UPI, digital wallet, and others.

If you are searching for how to buy bitcoin with a debit card, here you go.



The Step-by-Step Process to Buy Bitcoin using a Debit Card

Step 1: Visit Shiftal.com and Register

To get started, visit the website www.shiftal.com and click on the ‘Sign up’ button to register a new account. If you already have an account on the Shiftal website, do proceed to log in.

After you have verified your email account, you can log in to your Shiftal dashboard.

Step 2: Choose ‘debit card’ in payment methods

After logging in to your Shiftal account, the first thing you need to do is choose your location and then your preferred payment method, debit card in this case. This will ensure you only see buy/sell advertisements that are available for your location and accept debit cards.

Step 3: Create a new trading advertisement or choose an existing one

If you find the right advertisement where the seller has set the price you want and also accepts a debit card for payment, just click the Buy button to start trading. This will redirect you to the trade page, where you can chat directly with the potential seller to finalize the trade terms.

In case if there is no right advertisement available that matches your requirements & budget, you can proceed to create a new buy advertisement by using the ‘Post Trade’ option available at the top.

Make sure to mention your requirements in detail, including your preferred payment method (debit card) on the page. Publish the ad and wait for a potential seller to approach you.

Step 4: Complete the trade

Once you manage to find the perfect offer or seller to buy Bitcoin from Shiftal, finalize the trade terms and complete the trade before the offer runs out.

If you need help during a trade, use the Callback Request option to get immediate assistance from our 24×7 support team.

Use your debit card to pay directly to the seller as per their preferred option. Once you have made the payment, the platform (Shiftal Escrow) will verify it. Upon successful verification of payment, the purchased coins will be instantly transferred to your wallet.

Shiftal is the only crypto exchange in India that has the callback request feature to provide instant assistance to traders in between a trade. To use the option, a trader only has to click the ‘Request a Callback’ button and the team will call him instantly to provide a quick resolution of the dispute.

Shiftal is a highly secure, reliable and low-cost way of buying Bitcoin & ETH in India. Registering, buying and selling Bitcoin and Ethereum on Shiftal is completely free. The only time a user has to pay a fee (1% of the trade value) is when they create a new advertisement and complete a trade through it.

[UNBANK]

Purchasing Bitcoin with a debit card has become increasingly convenient. To ensure a secure transaction, consider using reputable platforms like UNBANK. They offer a user-friendly experience and a network of Bitcoin ATMs that make buying Bitcoin with a debit card a breeze. UNBANK prioritizes security, so you can trust that your transactions will be protected. With the flexibility of online services and the accessibility of Bitcoin ATMs, UNBANK makes it easy to buy Bitcoin with your debit card and start your cryptocurrency journey with peace of mind.