If you’re looking for help on how to buy Bitcoin with a crypto debit card or prepaid card you’re come to the right place. Here at Tap Global we’re in the business of assisting traders in navigating the markets with confidence and surety. Welcome to the Tap community. Let’s get started.
How To Buy Bitcoin With A Crypto Debit Card Or Prepaid Card
First things first, you’re going to need to download the Tap App. Head to the Apple Store or Google Play Store and locate and download the app. Then create an account by entering your email address. Once you’ve completed these, go to Step 1.
Step 1: Complete Your KYC
KYC is a necessary step when buying Bitcoin on all reputable platforms. It stands for Know Your Customer and involves verifying your identity. It is an international practice that protects both the exchange and the user from fraud and anti money laundering activities.
To complete your KYC, select the blue Add Money option on the homescreen. You’ll be presented with the KYC verification process which you will need to complete before engaging in any buy, sell or trade activities.
You will need to submit the following information/documents:
- Proof of Identity
- Proof of Permanent Address
The process is simple and easy to follow. Each step is clearly explained and all you need to do is submit the information requested. Once complete you will receive an email with a confirmation that your KYC verification has been received as well as a tracking number. While you wait for KYC approval, you can stay up to date with the process by entering the tracking number in the settings section. Once approved, you’ll receive another email and officially have access to all the features.
Step 2: Load Your Tap Wallet With Money
Under Assets you’ll see that you have three sections – Card, Cash and Crypto. The Card section refers to your Tap Prepaid Crypto Card, while the Cash stores Euros, US dollars and British Pounds you’ve onboarded. The Crypto wallet then stores any Bitcoin, Litecoin, Ethereum, XTP and Huobi Token that you’ve accumulated and on boarded onto the platform. In order to buy Bitcoin, you’re going to need to load up your cash wallet with either Euros or Pounds (to make things easier we’ll continue the guide selecting Euros). Select the blue Add Money button again, and then whichever currency you wish to on board.
You will need to add funds via bank transfer, so either deposit from your crypto debit card or prepaid card’s account.
Step 3: Send Euros
Once you’ve selected the Bank Transfer option you will receive the Tap banking details. Make the transfer with as many Euros as you need to buy the amount of BTC you’re after. Once the funds have cleared, you will receive a notification and the money will be visible in your Euro wallet under the Cash wallet.
Step 4: Buy Bitcoin With Tap
Now that your Cash wallet is loaded, let’s do the same for your Bitcoin wallet! Select Buy Bitcoin from the Add Money option and enter the amount of BTC that you’d like to purchase. You can toggle between entering a Euro amount or BTC amount, but both prices will be indicated under the summary. The smart trade technology will scan exchanges and order books across the globe to find you the best rate. Once you’ve settled on an amount, select Buy.
Step 5: Use Your Bitcoin
After the transaction has cleared you will receive a notification that your Bitcoin is in your wallet. Head to the homescreen and under Assets select Crypto. From here you will be able to see your Bitcoin balance, and the world at your fingertips.
Tap Into The Future
Congratulations on completing this guide on how to buy Bitcoin with a crypto debit card or prepaid card. The process is as smooth, simple and as secure as can be. Tap into the future with the Tap app and crypto!