How to buy Bitcoin (BTC) with a credit or debit card?
To buy Bitcoin (BTC) on Zengo using your credit or debit card, follow these steps:
- Choose the “Buy” option.
- Enter the amount you want to purchase.
- Select credit/debit card as your payment method.
- Complete the transaction.
Once the payment is processed, your Bitcoin (BTC) will be deposited into your Zengo wallet. Please note that accepted cards are:
- Mastercard credit card
- Visa credit card
- Maestro debit card
How long does it take to buy Bitcoin (BTC) on Zengo with a credit or debit card?
Buying Bitcoin (BTC) on Zengo with a credit/debit card usually takes a few minutes. The exact time may vary based on network congestion, payment processing time, and exchange partner. Zengo will notify you once the transaction is complete and your BTC will be available in your wallet.
Can I buy Bitcoin (BTC) with a Visa gift card?
You cannot purchase Bitcoin (BTC) using a Visa gift card, or any other gift card on Zengo; the supported payment methods are limited to those listed above.
Can I buy Bitcoin (BTC) with a credit card without verification?
Buying Bitcoin (BTC) anonymously on Zengo is not an option. Zengo works with regulated platforms that adhere to anti-money laundering (AML) and know-your-customer (KYC) regulations. Before purchasing Bitcoin (BTC) or any other cryptocurrency, Zengo’s purchasing partners mandate identity verification and the provision of some personal information.
Can I buy Bitcoin (BTC) with a credit card under 18?
Zengo works with purchasing partners who are regulated and compliant and follow the AML and KYC rules. You must be at least 18 years old and provide a valid ID to verify your identity and age before you can buy Bitcoin (BTC) or any other crypto assets.
What are the fees involved in buying Bitcoin (BTC) with a credit/debit card?
Zengo is a self-custodial wallet for cryptocurrency that is free to use. However, you will have to pay a fee when you buy, sell, or trade cryptocurrency. These fees include:
- Network fees (not paid to Zengo)
- Exchange fees
- Service fees (paid only to the providers.
Zengo does not apply any hidden fees or markups on the exchange rate. The fee amount may vary depending on the payment method, currency, and operator. Before you confirm your payment, Zengo provides you with a clear breakdown of all applicable fees.
Note: Zengo service fee is only applicable to Zengo Pro users.
Below is a breakdown of the fees associated with buying Bitcoin (BTC) with a credit/debit card using the Zengo wallet.
Payment Method | Provider | Spread | Processing Fee | Gateway Fee | Local Currency Conversion Fee | Network Fee | Minimum |
Credit/Debit Card | Banxa | 3.75% | Included in spread | 1.99% | No | Yes | 50 USD/EUR or equivalent |
Credit/Debit Card | Moonpay | 1.5% – 3.0% | 4.0% (min. 3.99) | 1.99% | Yes (non-USD/CAD/AUD/EUR/GBP) | Yes | 30 USD (approx.) |
Please note: Zengo fees may vary by country. For specifics, visit the Zengo Fees webpage
Is Bitcoin (BTC) safe?
Bitcoin (BTC) operates on a decentralized blockchain network, ensuring secure transactions are verified by nodes and recorded in an unalterable ledger. Despite being more secure than traditional payment systems, BTC has risks such as market volatility, hacking, theft, and human error. The safety of Bitcoin as an investment varies based on individual perspectives. While the technology is relatively secure, it is not anonymous, relying on passwords and publicly available wallet addresses.
The security of your Bitcoin (BTC) is tied to the chosen wallet; Zengo, using MPC (Multi-Party Computation), bolsters safety by replacing traditional private keys with independently created mathematical shares stored on both the device and Zengo server. Despite its advantages, Bitcoin faces inherent risks, including market, regulatory, and cybersecurity threats. To ensure Bitcoin safety, wise storage choices are crucial, with Zengo’s MPC technology contributing to enhanced wallet security
Is Buying Bitcoin (BTC) on Zengo with a credit card safe?
Yes, Zengo is a wallet that lets you buy Bitcoin (BTC) easily and securely using your credit card. You don’t need a key to use Zengo. Your face and cloud backup keep your assets safe. Zengo also has advanced features like threshold signatures, MPC security, and 3FA. Zengo’s Web3 Firewall guards your assets from online threats and warns you about risky transactions. Zengo has many happy users and is more secure than other wallets. You can buy Bitcoin (BTC) on Zengo with a credit card and be sure that your security and privacy are respected as Zengo partners with platforms that follow the rules for AML and KYC.
Can I buy Bitcoin (BTC) with a credit card in my country?
Yes, Zengo is available in over 188 countries worldwide and allows users to purchase Bitcoin (BTC) with a credit card, including in the US, UK, Canada, Australia, and most of Europe. However, due to local regulations, the app or its complete functionality is unavailable in a handful of countries like China, Cuba, and Iran. Here is a comprehensive list of supported countries for Zengo. Even if your country is not on the list, you can still use Zengo for storing, sending, and swapping Bitcoin (BTC) and other crypto assets.
What other payment methods can I use to buy Bitcoin (BTC)?
- Bank account (transfer)
- Apple Pay
- Google Pay
- SEPA
- CashApp
- Cash – Zengo currently does not allow buying Bitcoin (BTC) using cash.
How to sell/swap Bitcoin (BTC)?
You can also sell, and swap Bitcoin (BTC) on Zengo.
To sell Bitcoin (BTC), you can choose the sell option on the app and enter the amount of Bitcoin (BTC) you want to sell. You will see the exchange rate and the fees before you confirm the transaction. You will receive the fiat money in your bank account or your preferred payment method.
To swap Bitcoin (BTC), you can choose the swap option on the app and select the crypto asset you want to swap with Bitcoin (BTC) or any other asset. You will see the exchange rate and the fees before you confirm the transaction. You will receive the swapped crypto asset in your Zengo wallet.
