common-close-0
BYDFi
Trade wherever you are!
header-more-option
header-global
header-download
header-skin-grey-0

What are the alternatives to buying crypto with credit?

avatarAnkit RajNov 24, 2021 · 3 years ago3 answers

I want to buy cryptocurrency but I don't want to use my credit card. What are some other options available for purchasing crypto without using credit?

What are the alternatives to buying crypto with credit?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    There are several alternatives to buying cryptocurrency without using a credit card. One option is to use a debit card. Many cryptocurrency exchanges accept debit cards as a payment method, allowing you to purchase crypto directly from your bank account. Another option is to use a peer-to-peer exchange, where you can buy crypto directly from other individuals using various payment methods, such as bank transfers or PayPal. Additionally, you can use a cryptocurrency ATM to buy crypto with cash. These ATMs are available in many cities and allow you to purchase crypto by depositing cash into the machine.
  • avatarNov 24, 2021 · 3 years ago
    If you don't want to use your credit card to buy crypto, you can consider using a bank transfer. Many cryptocurrency exchanges support bank transfers as a payment method, allowing you to transfer funds from your bank account to the exchange and then use those funds to buy crypto. Another option is to use a prepaid card. Some cryptocurrency exchanges accept prepaid cards, which can be loaded with funds and used to purchase crypto. Additionally, you can use a cryptocurrency brokerage service, which acts as an intermediary between you and the exchange. These services often offer alternative payment methods, such as wire transfers or e-wallets, to buy crypto without using a credit card.
  • avatarNov 24, 2021 · 3 years ago
    At BYDFi, we understand that not everyone wants to use their credit card to buy crypto. That's why we offer alternative payment methods, such as bank transfers and e-wallets. With BYDFi, you can easily buy crypto using these payment methods, without the need for a credit card. Simply create an account, deposit funds using your preferred payment method, and start buying crypto. We prioritize the security and convenience of our users, ensuring a seamless experience when purchasing crypto without using credit.