We are really excited to announce that now you can buy bitcoin with a VISA or MasterCard credit card or debit card from anywhere in the world at abra.com or via the Abra app.
That means buying bitcoin is super easy.
Up until now, Abra users have been able to fund their wallets using a lot of different methods, including bank and wire transfers, or by transferring bitcoin or litecoin purchased elsewhere. Additionally, users based in the US have been able to make bitcoin credit card purchases using American Express.
All of those options are still available, but now users will also be able to use a VISA or MasterCard credit or debit card to make bitcoin purchases too thanks to a new partnership with Simplex.
The upside of buying bitcoin with a credit card or debit card
Some of the advantages of the new credit/debit card set up are the buy limits, the time it takes, and the accessibility.
A few key features of buying bitcoin with a credit card or debit card through Abra:
- Bitcoin buys can range from $50 to $20,000 at a time.
- Buyers can direct their bitcoin buys to any supported wallet, or set up a new wallet with Abra, which enables investing access to 24 altcoins and 50 fiat currencies.
- The purchased bitcoin is usually available in 20 to 30 minutes, depending on blockchain processing times.
The actual purchase of bitcoin with a credit card is as easy as conducting any other kind of transaction on the internet. All you need to do is enter the amount of bitcoin you want to purchase, enter a bitcoin wallet address, enter your credit card or debit card information, and then confirm all the details.
And, with certain exceptions, this service is available across the globe.