![]() The minimum amount you can receive following a sale on Bitcoin of America using your prepaid card is $25.00 and a maximum of $1999.00.Īnother method is that you can receive the proceeds of selling your bitcoin or litecoin to your PayPal account on the Bitcoin of America exchange. In summary, the benefit of prepaid cards is that it’s a great option if you are looking for a quick, easy, and straightforward way of selling your bitcoin or litecoin without the hassle of using your bank account to wire money. Another benefit of a card which only holds the money you have, because it’s not tied to your bank, is that if you fall victim to a scam, you only lose the money on your prepaid card. In other words, with prepaid cards you credit the card with cash in order to use them, and add more cash when the credit on the card is low.Įach time you sell bitcoin the card transaction increases your cash balance, but unlike a normal debit card, a prepaid card is not connected to a bank account. If you aren’t already familiar with how prepaid cards work, they function in pretty much the same way that a pay-as-you-go mobile phone does, when you top up the phone with cash. Simply sell your bitcoin or litecoin using Bitcoin of America’s online exchange, and you will receive a prepaid debit card for the amount sold for use immediately online you can also obtain a physical card in the mail. Want to spend your crypto at any location across the globe that accepts debit cards, to make purchases of goods and services? ![]() Most commonly, bank transfers are used to transfer bitcoin, but using popular fiat gateways like PayPal and Prepaid debit cards can make it easy to spend Bitcoin and Litecoin anywhere that accepts USD. Read the guides below to find the method that’s best for you. Bitcoin of America offers a number of convenient ways to transfer your bitcoin or litecoin to commonly used USD payment gateways like prepaid debit cards or a PayPal account.
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