How to use prepaid cards to buy cryptocurrency

Prepaid cards are a simple and convenient way of paying for goods and services with the money you actually own.

It’s now possible to use prepaid cards to buy cryptocurrency at many of the major exchanges. The fees charged tend to be higher than for bank transfers, but there are several reasons why some people are turning to prepaid cards.

If you’re thinking of buying Bitcoin, Ethereum, or another digital currency with a prepaid card, read on to discover the steps you need to go through.

What is a prepaid card?

Prepaid cards, also known as everyday cards, work in a similar way to a pay-as-you-go mobile phone. You load them with cash when you first buy them and top them up when the cash starts to run out.

Unlike a credit card, a major advantage of a prepaid card is you can’t run up debts on them. They only allow you to buy goods or services with the money you actually own. This makes them a useful budgeting tool and it means you don’t have to go through a credit checking process…