Transfer money into Bitpanda using Visa or Mastercard

Transfer money into Bitpanda using Visa or Mastercard

If I want to buy some Bitcoin, from within the UK, quickly from Bitpanda, I must use my credit or debit card.

Bitpanda accepts British pounds directly, as well as euros, so you can avoid the pounds-to-euros exchange charge this way.

If you do use a credit card, as opposed to a debit card, be warned! Credit card companies can class this payment as a ‘cash payment’, so might charge you an additional fee, and charge interest straight away. The best thing to do is pay off what you spend immediately to avoid added interest. Bitpanda also charge a small deposit fee (1.5%) using the credit card method too.

Add funds using VISA or Mastercard into Bitpanda nutshell

Step-by-step

Say I want to buy £25 of Bitcoin, I would have to:
  1. Log into Bitpanda.
  2. Click Deposit.
#

3. Select VISA or Mastercard.

#

4. Type in the amount want to deposit.

#

5. Agree to the two statements and click Deposit.

#

6. At this point, Bitpanda will send an authorisation PIN to my phone; this needs to be entered into the box and click Verify.

#

7. Click Go to payment, and a new tab opens up.

#

8. Fill in the details (*are optional details), and click Pay now.

#

9. Next a confirmation page appears showing £24.62 in your British Pounds Sterling ‘Fiat’ wallet.

#

10. This opens in the previous browser tab.

#

11. Once I have my funds in Bitpanda, I can buy Bitcoin or other cryptocurrencies by following this guide.

Related Posts

Leave a comment