How To Buy Ethereum With A Credit Card?

Do you want to buy Ethereum with a debit card but don’t know where to start? Then this article is definitely for you. Today, we will tell you what ETH is, why, and how to buy it using your credit or debit card. We will even reveal the secret of how to do it completely anonymously. Stay with us, and you won’t miss the main points!

Can You Buy Ethereum With A Credit Card?

Ethereum (ETH) is the second largest crypto by market capitalization, and we can observe high demand for its acquisition. Nowadays, when developers have released next-level updates, Ethereum is not only a way to invest assets profitably but also a promising platform for developing smart contracts and DApps. And, yes, you can buy Ethereum with a credit card. However, this process can present some challenges. For example, in some countries, government authorities have not yet legalized cryptocurrency trading. It can lead banks to block transactions with ETH. Therefore, investors and crypto enthusiasts have to look for other ways. We will discuss them in more detail below, as well as present you with a detailed guide on buying Ethereum via a crypto wallet on Cryptomus.

If you are unable to buy cryptocurrency with a debit card, be sure to contact customer support. They will inform you of the transaction status and guide you on further actions. As a payment system, we recommend using Visa or MasterCard, as they are the least likely to be blocked in Ethereum transactions.

Where To Buy Ethereum With A Credit Card?

Today, there are many ways to acquire cryptocurrency using a debit card. For example, we have already told you how to buy BTC, and in the case of Ethereum, they are almost identical.

• Centralized Exchanges (CEX) and P2P Platforms

The most legal and common method is centralized exchanges. CEX strictly regulates user processes, so before making large transactions, you will need to undergo verification. Find a platform with a good reputation; this is the most important thing. This way, you will ensure the safety of your personal data and protect your funds from the hands of fraudsters.

P2P exchanges are part of a centralized crypto ecosystem, so it is also safe to make purchases through them. For example, you can purchase ETH through Cryptomus P2P exchange. To do this, you need to register on the platform and get a trading list using filters. The site’s algorithms will select the most suitable offers for you. Make sure that the merchant's payment method matches yours, i.e., a credit card.

How To Buy Ethereum With A Credit Card Anonymously?

Before we talk about anonymous ways to purchase Ethereum, a disclaimer: you are responsible for your personal information and funds. We strongly recommend using payment methods with identity verification (KYC).

• Crypto Exchanges Without Verification

A few years ago, it was easy to find an exchange where you didn’t need to undergo KYC. Currently, the policy of exchanges is maximum cooperation with regulators. Now, the rules are becoming increasingly strict, but you can buy ETH without verification. For example, utilize anonymous crypto wallets.

• Bots in Telegram

To save time, you can use bots in the popular messenger, Telegram, as it does not require verification. On the other hand, for the same reason, you may come across fraudsters. Use only verified services that cooperate with reputable exchange platforms or P2P ones.

Things To Consider When Buying Ethereum With A Credit Card

Well, here you have chosen a suitable purchase option, but do not hurry to enter a card number. Before that, we need to tell you about some nuances of buying ETH.

• Fees

First of all, there are fees. Nobody likes to spend extra money on this matter. On average, when buying ETH via a debit card, the commissions range from 1 to 5%. The cheapest way to buy ETH is through exchanges integrated into crypto wallets. Also, pay attention to additional fees that may be added at the payment processing stage. For example, spread tax.

• Limits

Platforms impose limits on cryptocurrency transactions, and Ethereum is among them, too. This helps to control user spending and revenue and not overload the network. Usually, at the initial stage, the minimum limit is $20-50, while the maximum varies from $500 to $1000 without verification. Newbies can later apply for a limit increase.

• Transaction Speed

The last, but one of the essential indicators, is the transaction speed. The fastest way to buy ETH is through exchanges integrated into crypto wallets. With their help, a crypto operation is completed in 10-30 minutes. The slowest is P2P, as the purchase process involves negotiations and agreement on terms, which sometimes takes considerable time. The process can take anywhere from a few minutes to several days.

So, we have told you about all the details, and, finally, you know enough to make a purchase. Also, for your convenience, we have prepared a detailed guide on acquiring Ethereum.

A Step-By-Step Guide To Buying Ethereum With A Credit Card

This guide is focused on purchasing ETH within Cryptomus wallet. Therefore, we advise you to register before reading. It will take just five minutes. Also, use a password generator for enhanced security.

• Step 1. After registration, go through 2FA. The second step in the form of a code will increase the safety of your data from the hands of scammers.

• Step 2. Go through the KYC procedure. We will dwell here in more detail. Follow next steps:

1. Find the icon of your account in the top right corner and click on it.

2. In the third line, you will see personal settings; choose it.

3. You will see “KYC Verification” on the opening page. Click there as well.

4. Now comes the most responsible part. Take a photo of your passport, then take a selfie and send all the media. Wait a few minutes for confirmation. This way, you will pass the verification procedure, and the full functionality of the platform will be available to you.

• Step 3. Find “Personal” and click “Receive”.

• Step 4. Choose ETH as the desired cryptocurrency to buy, and next select the network. Since you are buying with a card, press “Fiat”. Then click on “Receive via Mercuryo”.

• Step 5. Enter the amount of money you would like to spend in fiat. The site’s algorithms will automatically calculate the equivalent in ETH.

• Step 6. Enter your personal email to receive the confirmation code, then enter it. Fill in your debit card details for the payment to go through successfully.

Everything is done! Now, you are the owner of Ethereum, the second largest coin by market capitalization. Congratulations!

Did you manage to buy ETH? Write in the comments below.