There’s no better time than now to get yourself some BitCoin, whether its to gamble( →See our Top BitCoin Casinos List) or for investment purposes.
The most surveyed question from interested parties is “Can someone create a step by step guide on how to buy Bitcoin that everyone can understand, whether they are tech savvy or not, young or old?”
More and more people tend to shy away from buying BitCoin because they really don’t understand how it works and that it all seems overwhelming and complicated.
Because of the increase in our visitors using BitCoin, we have put together this Step by Step guide of how to buy bitcoin and how to get a bitcoin debit card that can be used to withdraw from any ATM in the world.
In the world of BitCoin, you will come across the terms BitCoin Wallet and BitCoin Exchange and we will start by letting you understand these two important terms.
What is a BitCoin Wallet and what is a BitCoin Exchange?
Most places online allow you to keep your BitCoin in a wallet, which can simply be explained as a Bank that stores your bitcoin, much the same way you save your money in a bank.
Once you have purchased some BitCoin, you can then go to a BitCoin Exchange, which is like your Bureau De Change to convert the BitCoin into the currency of your choice and withdraw it.
We have discovered an all in one solution that acts as BitCoin Wallet, BitCoin Exchange and also as a Bank because you get your very own VISA Card in up to three currencies (EUR, GBP, USD) which allows you to withdraw your money anywhere an ATM is available.
The Company that does all this is called CryptoPay.
What is CryptoPay?
CryptoPay is a UK Based company that was established in 2013 and allows you to keep and spend your money in BitCoin, Euros, US Dollars and British Pound Sterling.
CryptoPay has made the process of how to buy BitCoin extremely easy for anyone.
Matter of fact, if you have ever used a bank account, you will be able to easily open a CryptoPay account and transact in BitCoin.
Why use CryptoPay to buy, sell or send BitCoin?
You do not need to be verified to open an account, receive or send BitCoin.
CryptoPay allows you to have one account which you can hold BitCoin, Euros, US Dollars and Euros.
CryptoPay allows you to order VISA Debit Cards in all 3 currencies (EUR,USD,GBP) which can be used to withdrawal money at any ATM in the world.
CryptoPay allows you to buy BitCoin via bank transfer and bitcoin deposit effortlessly.
CryptoPay is a BitCoin Wallet and BitCoin Exchange all in one, allowing quick conversions between BitCoin and the three currencies available and vice versa.
Currently only SEPA Countries can buy BitCoin via Bank Transfer.
Currently only SEPA Countries can make withdraws via Bank Transfer.
USA and most African countries are restricted from CryptoPay.
1. Sign up at CryptoPay.me
2. Signing up at CryptoPay.me is very quick and will take you less than a minute.
3. After signing up you will need to verify your email and you can then access your account.
Your account will comprise of:
BitCoin Account: This account will have its own unique address which you can use when you want buy, sell, receive or send bitcoin.
Euro Account: This account contains a unique Euro Address and all bitcoin sent to this address will be automatically converted into Euros.
USD Account: This account contains a unique USD Address and all bitcoin sent to this address will be automatically converted into USD.
GBP Account: This account contains a unique USD Address and all bitcoin sent to this address will be automatically converted into USD.
4. The different accounts can be funded seamlessly as shown below.
So for example, if I want to convert BitCoins into Euros I can go to the “Transfers” Menus and make the conversions within seconds.
5. In order to be able to buy BitCoin using bank transfer (SEPA Countries only) you will need to get your account verified.
This can be done by going to the “SETTINGS” Menu.
6. Verification requires that you upload a copy of your I.D (passport, National ID Document or Drivers License) as well as a Proof of Address (Utility Bills, Bank Statements, Tax Invoices, Other government issued residential statements or certificates).
7. After you have been VERIFIED successfully, your account will be upgraded to what is called a FLEX Account then you can deposit money into your account by BTC Deposits or via Bank Deposit (SEPA Countries).
If you have chosen BTC deposit, scan the QR Code or copy the BitCoin Address to use as a destination.
8. If you choose Bank Deposit simply put in your Banking Details and your account will be credited within 1 working day.
1. After you have been verified, you can deposit some money via bank transfer.
Bank Transfer deposits usually take 1-3 working days to hit your account.
You can then go right ahead and order your BitCoin Debit Card which will be linked to your Account allowing you to withdraw your money at any ATM in the world.
You can order a USD, EUR or GBP card.
2. You can go straight to CryptoPay.me to purchase your BitCoin Debit Card.
3. You can order a Virtual Debit Card to make purchases online and you can also get a Plastic Debit Card.
Pick the Card Currency you prefer between GBP, EUR or USD.
4. Fill in the Billing and Shipping Information.
5. Put in your payment details and your Promo Code.
6. Withdrawals Fees when you make a withdrawal at an ATM are: € 2.25 / £1.75 / $2.50 per withdrawal.
As a VERIFIED CryptoPay Customer you get:
Maximum LifeTime Transactions: UNLIMITED
Up to 5 Withdrawals per day
Maximum Daily Withdrawal £/€/$1,600
Maximum Withdrawal £/€/$1,600
As an UNVERIFIED CryptoPay Customer you get:
Maximum LifeTime Transactions: €1,000/$1,000/£800
Up to 2 Withdrawals per 24 hours
Maximum Daily Withdrawal £160/€200/$200
Maximum Withdrawal £320/€400/$400