How to buy Crypto with Visa
The best and most secure way to buy cryptocurrency in Australia is by using eToro. eToro offers instantaneous Australian Dollar (AUD) deposits via Visa credit and debit cards to trade thousands of assets, including cryptocurrencies like Bitcoin and Ethereum.
Start trading cryptocurrencies with Visa by following this guide:
- Open a free account on eToro and complete the verification process.
- Tap the 'Deposit Funds' button on the bottom left of your screen.
- Click 'AUD', pick ‘Credit/Debit card’ as your payment method, and deposit funds.
- Go to the search bar, find your desired asset, and execute your trade.
Buying Cryptocurrency Fees
When purchasing cryptocurrencies or any asset on an exchange, you should always consider the fees involved. Most platforms will charge a fee when depositing Australian dollars, and a trading fee will be incurred when buying or selling a cryptocurrency. eToro charges a 1% fee to buy and sell digital assets but offers commission-free trading on other assets, such as stocks and ETFs.
Does Visa allow Crypto Purchases?
Visa allows customers to deposit funds with a VISA credit or debit card through exchanges licensed by the Australian Transaction Reports and Analysis Centre (AUSTRAC). Many digital asset trading platforms also offer cryptocurrency cards powered by VISA that allow users to spend their cryptos on real-life purchases, such as rent, bills, utilities, shopping, and more.
Additionally, VISA has developed its own blockchain-based payment system called VISA B2B Connect, enabling customers to securely transact using digital currency with business partners. Ultimately, VISA's approach towards cryptocurrencies reflects its commitment to providing secure, convenient, and innovative payment solutions.
Visa Inc. is a globally recognised financial services corporation based in the United States and operating in over 200 countries worldwide, specialising in electronic fund transfers through its branded credit cards, debit cards, and prepaid cards. Founded in 1958, it became a global powerhouse, simplifying and enabling digital payments for consumers, businesses, banks, and governments.
The company does not issue cards or extend credit directly but rather provides the technology for banks and merchants to process card transactions. It stands as one of the two largest card networks alongside Mastercard. Its vast digital payment network, secure infrastructure, and continued innovations, such as contactless payments and digital wallets, position Visa as a leading force in the FinTech industry.
To sum up, Visa offers a convenient and secure way for clients to buy cryptocurrencies via regulated platforms like eToro, the best exchange in Australia. eToro, authorised by AUSTRAC and ASIC, provides instant AUD deposits through Visa credit and debit cards and an extensive portfolio of assets for trading, including digital currencies and traditional financial instruments.
The procedure for trading cryptocurrencies with Visa is straightforward, and fees on eToro are competitive. Furthermore, Visa's foray into blockchain technology with its VISA B2B Connect and its support for crypto cards exhibits its progressive stance towards digital currencies.