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- Select a cryptocurrency exchange — The crypto exchange market has become quite competitive, meaning there are dozens of options accepting Bitcoin. However, not all of them are good for you, which is why we took the liberty of selecting the best ones and featuring them in this article. Feel free to read more about them below and pick the exchange that meets your needs.
- Open an account — All exchanges that accept debit cards are centralized platforms, meaning they're operated by a centralized organization that has to be compliant with various regulations. Because of that, it's necessary to become a registered member and even provide additional details as a way for platforms to prevent money laundering and other illegal practices. In addition to standard credentials, you might be required to go through KYC and provide your proof of residence, ID, or other personal documents.
- Deposit using a debit card — Registered members need to find the Deposit option on the exchange and pick a debit card. After that, the process is similar to purchasing anything online with a card. You need to enter your card number, expiration date, and security number located at the back of your card. Finally, you'll have to confirm your payment by entering the random number that you have received from your bank via phone messages into the form.
- Buy Bitcoin — Once your deposit is through, you need to buy BTC. Find the option to buy bitcoins with fiat money and enter the amount you'd like to purchase. Once your order is set, place it, and the exchange will quickly execute it.
- Withdraw BTC to your Bitcoin wallet — Crypto wallets store your cryptocurrencies safely. They can even be used as a payment method to make purchases in online shops that accept crypto. Once you obtain a wallet, you'll get to withdraw your BTC from the exchange. Use your wallet address in the designated field in the exchange and confirm your withdrawal.
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