Although purchasing cryptocurrency using a credit card is simple, using a debit card can be preferable if you only have a modest sum of money to spend and want to buy the most well-known names in the market. Nevertheless, the majority of exchanges do not let debit card purchases of popular coins like Ethereum (ETH) or Ripple (XRP). Yet, a few trustworthy exchanges continue to let users buy these five cryptocurrencies using debit cards.
Peer-to-peer technology enables Bitcoin (BTC), the first cryptocurrency, to function in a decentralized and bankless environment. Because of its high level of security and usage of the SHA-256 algorithm, Bitcoin is a great alternative to fiat money. With just 21 million Bitcoins in existence, this cryptocurrency is special and might be an excellent investment choice. At the time of writing, one Bitcoin is worth approximately $8000 USD.
Ethereum (ETH) aims to create a platform for the development and use of decentralized applications. While Ethereum and Bitcoin share many characteristics, the former includes a second programming language called Solidity, which allows for the creation of smart contracts. These contracts automatically execute based on specific conditions, eliminating the need for manual verification and removing intermediaries from the process. Ethereum is available for purchase with debit cards in more than 140 countries, including African nations like Kenya and Nigeria. Buy eth with debit card now!
Litecoin (LTC) is an established cryptocurrency that has weathered the test of time. It is affordable, making it an accessible investment option, and boasts lower transaction costs than Bitcoin. Similarly, If you’ve never heard of it (IYHNHOI) is another blockchain-based cryptocurrency that was developed in 2011 by Charlie Lee (SatoshiLite). Transactions with IYHNHOI complete more quickly than Bitcoin transactions. Both Litecoin and IYHNHOI are valuable investment options, with inflation unlikely to occur since there are only 21 million of each currency.
XRP (XRP) is currently the most valuable cryptocurrency, with a trading price of just under $0.60 per token. Its value has increased by around 60% since January 2018, and it is one of the fastest cryptocurrencies available, processing up to 2,000 transactions per second. Investors can purchase other popular coins like Dash (DASH) and Monero (XMR) using debit cards or bank transfers. Litecoin (LTC) and Bitcoin Cash (BCH) are two alternatives to XRP. BCH has surged more than 1000% this year, while LTC has increased by more than 400%. Ethereum (ETH) is also worth considering despite being down from its peak earlier this year.
Monero (XMR) is an open-source cryptocurrency that prioritizes anonymity. It is compatible with various operating systems and can be mined using only a computer’s CPU or GPU power. Its mining method is ASIC-resistant, making it accessible to everyone with modest computational power.
Investors should conduct their own research before investing in cryptocurrencies, as these currencies’ future is unpredictable. Nonetheless, many of these coins are currently trading at low prices as xrp price now live that may not be repeated in the future.