It is only a question of time when cryptocurrencies will be adopted as part of the mainstream payment methods. Even an online giant such as Facebook (that has been very much against cryptocurrencies) is developing a crypto project and stable coin for its’ users. We have already discussed which coins are the most popular ones for purchasing goods and have the highest likelihood to be adopted as a legitimate form of payment globally. Today we want to look at the most popular ways how you can buy cryptocurrencies of your choice. Let’s go!
SEPA
SEPA stands for Single Euro Payments Area, which comprises 34 European countries, where payments in Euros are done under the same conditions for every member country of the area. Money is transferred within banks 5 times per day and there is a 3 pm (GMT) cut-off time for the same day transfer processing. Requests received after this time will be processed the following Banking Day. The key point when you consider using SEPA is that you can buy the most popular coins quickly, in large quantities, and at the lowest rates. There is no cheaper and safer alternative type of payment in the world when we speak about bank transfer as a payment option.
What we see and feel is that there is a stereotype about bank transfer taking ages to get paid for something or pay yourself — but webelieve that this is one of the most underestimated methods of payment.
Credit/Debit card
Buying crypto with a Debit/Credit card used to be very tricky as mainstream banking is very much against the crypto community and wants to retain a monopoly over the finance sector and keep fiat currencies one and only method of purchasing/paying for things. This is changing slowly, but surely. Money is not going to last forever, remember our word!
The fees and the limits vary among various crypto exchanges/brokers for the operations using bank cards. The advantage of the method is that the purchases are done instantly and the user gets his desired cryptocurrency without having to wait for a few hours or days.
Skrill
Skrill is one of the payment options coming next on our pipeline — simply because it creates an excellent opportunity to buy: Bitcoin, Bitcoin Cash, Ether, Ethereum Classic, Litecoin, XLM, XRP and 0xBitcoin, Bitcoin Cash, Ether, Ethereum Classic, Litecoin, XLM, and XRP instantly with over 40 fiat currencies. The background of Skrill in simple words is that there is specific software that uses money from your bank account (The same as SEPA or credit card account) and that software facilitates payment authorization between different banks. As an example: Elastum is an EU company and user from the US wants to buy Bitcoin, so if they will use a regular bank transfer (SWIFT) this will take 3–5 days and via Skrill, it will take minutes. The important thing is that both users and Elastum should have Skrill accounts. The cost of transfer varies from 3%-5%. The good news is that the more transactions you make the better chances are you can become a Skrill VIP and gain a lot of benefits the status offers you. The minimum transaction amount is 10 Euros, the maximum depends on the transaction limits of your account. A transaction takes place instantly and you have your desired coin.
Neteller
In the same fashion as Skrill, Neteller offers you to buy the most popular cryptocurrencies: Bitcoin, Bitcoin Cash, Ether, Ethereum Classic, Litecoin, XLM, XRP, and 0x instantly. The principle is the same as with Skrill, they have integrated software that facilitates payment authorization between banks and you can make fast deposits from your bank account to your Neteller account and then, purchase a cryptocurrency of your choice. Neteller has slightly fewer fiat currencies to trade cryptos with (28). After the transaction is complete (in a matter of seconds), the purchased crypto is instantly added to your Neteller wallet.
