How to Buy a Prepaid Card with Bitcoin?

How to Buy a Prepaid Card with Bitcoin?

Recently, I wrote an article on “How to buy bitcoin with prepaid cards”. Today, I will show you how to buy prepaid cards with Bitcoin. There could be many reasons why you want to buy prepaid cards with Bitcoin. It could be to cash-out bitcoin anonymously or to shop online/offline with Bitcoin. Whichever your goal is, buying a prepaid card with Bitcoin is quite simple.

How to Buy a Prepaid Card with Bitcoin?

egifter - buy prepaid cards with bitcoinThe easiest way to buy a prepaid card with Bitcoin is using Egifter. Be aware that prepaid cards you buy from Egifter are virtual and will only work in the US. As of now, there are 3 options, $25, $50, and $100. You do not need to sign up to buy from Egifter. Checkout as a guest if you do not like to give your information.

You can pay with Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Dash. Egiter processes your payment via BitPay payment gateway. Please be aware that not all cryptocurrency wallets will be able to process Bitcoin payment through BitPay. Only Payment Protocol-compatible wallets will be able to send Bitcoin. These wallets are the compatible ones:

  • BitPay Wallet
  • Copay Wallet
  • BTC.com Wallet
  • Mycelium Wallet

The entire list of compatible wallets here.

After you pay with cryptocurrency, your virtual prepaid card will be sent to your chosen email. You can use this card online anywhere in the U.S. There is no fee when you spend this card. Only an activation fee of $3.95. And the funds will never expire. If your prepaid card expires, you can always contact customer support for a replacement card.

As you know, using virtual prepaid cards aren’t the best solution if you are a regular user. Eventually, you will run out of funds. Then you will have to buy a new prepaid card with bitcoin. Of course, then you have to pay the activation fee again. If you shop online regularly, using prepaid cards is a bad idea. A better solution would be to use a Bitcoin debit card.

What is a Bitcoin debit card?

A bitcoin debit card is very simple and self-explanatory. You top up the card with Bitcoin and spend it just like any other debit card. When you purchase something online or in store, money is taken from your bitcoin balance. Yes! there is a small fee associated with it.

Bitcoin is not an accepted payment option in many stores. But, having a bitcoin debit card means you can almost buy from any store.

How to get a Bitcoin debit card?

Cryptopay

cryptopayIf you are located in Russia, the UK or Europe, you can use Cryptopay. Cryptopay is a wallet service that also provides bitcoin debit cards. They provide physical cards as well as virtual cards.

If you opt into a physical card, you can get it for $15.00. It is delivered to you free of charge. They do have a monthly service fee of $1.00,
a loading fee of 1% and domestic/international ATM fees.

Their virtual card is quite similar in fee structure. This card is available in 3 currencies: USD, EUR, and RUB. You can check it out here. If you sign up through this link, you will get 25% off.

You can reload your Cryptopay card with BTC, ETH, LTC, or XRP.

Note: A virtual debit card bought from Cryptopay is quite similar to a virtual prepaid card bought from Egifter. The only difference is that you can reload the virtual debit card.

Spectrocoin

spectrocoin - bitcoin debit cardsSpectrocoin is another service that offers bitcoin debit cards. Spectrocoin functions as a wallet, an exchange, a payment processor, and a bitcoin debit card provider. Spectrocoin is supported in 150+ countries. 30+ currencies are supported including Bitcoin, Ethereum, Dash, and XEM.

You can use their bitcoin debit card to withdraw money from almost any ATM. Fees and limits vary by country. You can use Spectrocoin unverified, but verifying will increase your buying and selling limits. Get a Spectrocoin debit card here.

Reloadable Cards

reload-prepaid-card-with-bitcoinReloadable cards are very similar to traditional debit cards. You load funds on the card and spend it just like any other debit card. Most traditional reloadable cards can only be loaded with fiat currency. This is usually done by going to a post office or by a bank transfer. Your reloadable card has a bank account connected to it. If someone transfers money from their bank account to your reloadable card’s bank account, your card will be reloaded.

There is an indirect way to load this card with Bitcoin. You can use LocalBitcoins for that. LocalBitcoins is a peer to peer exchange. In simple terms, you buy/sell directly from other users.

In LocalBitcoins, search for buyers that accept bitcoin in exchange for bank transfers. You can do this easily by clicking on “Quick Sell” and selecting “national bank transfer” as the payment method to view all the available offers.

Be aware that you are selling your Bitcoin in exchange for fiat money. When the buyer asks for your bank account and BSB, give your reloadable card’s bank account number and BSB. Buyer will transfer money from his bank account to your card. This is an indirect way to reload your card with Bitcoin.

Paxful is another peer to peer exchange that can be used to reload your card with Bitcoin in a similar way to LocalBitcoins. Give your card’s account details and buyers will send money directly to your card.

Reloadable cards can be bought from a post office or a supermarket. In Australia, “load & go” cards are a type of reloadable cards. In the US, Greendot reloadable card is popular.

Be aware that prepaid cards are different from reloadable cards. Prepaid cards are usable until your funds last. Then you throw away. Virtual cards bought from Egifter are a type of prepaid card. As the name suggests reloadable cards, on the other hand, can be reloaded multiple times till the card expires.

Conclusion

As you know, there are 3 types of cards that can be topped up with Bitcoin. They are the virtual prepaid card, bitcoin debit card, and the reloadable card. If you are a regular shopper that likes to spend bitcoin instead of fiat, use a bitcoin debit card or a reloadable card. If you are in the US and wants to spend bitcoin for a single purchase, use a virtual prepaid card.

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