For new people entered the market of electronic money, finding a deposit method quick and simple is a top priority. Buy coin by visa is the answer, bring convenience like online shopping more often. This article will guide you step by step details to ownership of the coin is the first Visa cards on the major exchanges, at the same time analyzes the pros and cons so you can choose the most optimal.
Can buy crypto directly with visa no?
The answer is yes. Buying crypto using international payment cards, such as Visa or Mastercard have become incredibly popular. Most of the trading floor to electronic money and prestige in the world all support this method. This process is not fundamentally different from what your use of the Visa card to purchase an item online.
You only need to provide card information, transaction authentication and electronic money will be transferred straight into your wallet on the floor. The top exchanges support this method include:
- Binance: the trading Floor, the world's largest, user-friendly interface and simple process.
- OKX: A large floor to another with fast processing speed and supports many types of currency.
- KuCoin: Famous for listing more the co-altcoinalso allows the purchase directly with credit card.
- Coinbase: Very popular in the market of European, American, famous about the compliance and security.
4 step guide to buy coin by visa on the floor
The process of buying a coin by Visa card on most of the floors were similar. Here are the 4 most basic steps, for example on the floor Binance:
| Step | Details |
|---|---|
| 1. Preparation | Ensure you already have an account on floor and have completed identity verification (KYC). The name on the account, the floor must match the name on your Visa card. |
| 2. Visit the Buy Crypto | On the home or apps, find to the Purchase Crypto or Buy Crypto, and then select the method credit Card or debit. |
| 3. Enter transaction information | Select the currency you want to pay and type of coin you want to receive. Enter the amount of money, the system will display the amount of coin you will receive. Then, add the information of your Visa card. |
| 4. Confirm and complete | Check out the information and click Continue. You may be asked to enter the OTP code from the bank. After confirmation, the coin will be in for immediate Delivery (Spot Wallet) of you. |
Pros and cons when buying coin by visa
The method also has two sides. Understanding the pros and cons will help you decide when it should and should not use the Visa card.
This method is great for convenience and speed, but not the most optimal option in terms of cost.
| Advantages | Cons |
|---|---|
| Fast: transactions are processed almost immediately, the money in your account in just a few minutes. | Transaction fees high: Typically range from 2% to 4% of the total transaction value, much higher than with other methods. |
| Convenience: processes familiar as shopping online, no need to manipulate money transfer complex. | Banks can refuse: A number of banks in Vietnam have policies to restrict or block the transactions related to electronic money. |
| Easy for beginners: A simple approach to owning crypto that don't need to know about P2P or transfer complex. | Transaction limits, lower: Limit buy through cards is often lower than recharge via P2P or bank transfer. |
Compare fast transaction fees: visa card and p2p
To clearly see the difference, let's compare the cost when you want to buy 1,000 USDT using two methods the most common in Vietnam.
- Buy Visa card: You will probably have to pay a fee of around 2 to 3%, equivalent to 20 to 30 USD. Your total cost will be 1,020 to 1,030 USD.
- Buy by transactions, P2P: You use USD to buy USDT from other sellers on the floor. Transaction fees P2P on Binance is 0%. You just need to pay the correct amount of VND corresponding to the exchange rate at that time, usually very close to the market price.
Obviously, P2P is more economical options very much, especially with the transaction value. You should consider using a Visa card for small transactions, and emergency switch to P2P when already familiar with the taps on the floor.
The security note and important legal
To ensure the safety of assets and personal information when you buy coin using visa, please always comply with the following principles:
- Only trading on the floor prestige has been verified. Absolutely not enter the card information Visa on the sites or through links from unknown sources.
- Always activate a full layer of security for your account. Two-factor authentication (2FA) using Google Authenticator is required almost mandatory to protect the property.
- Check the privacy policy of the bank that issued the card. Some banks may limit the transactions related to electronic money, leading to the declined payment.
- Name card holder Visa must coincide completely with the name have verified the identity on account of the floor. Any other wrong which will also cause the transaction to fail.
Buy coin by Visa is a great option for the quick and convenient, especially suitable when you're getting started or need to buy a small amount of instant-instant. However, please always consider the cost factor. When are more familiar, the switch transactions P2P will help you save significantly. To explore more methods and investment knowledge useful, please visit Blog Meme Coin.
