How to buy Crypto & Bitcoin with Discover Card

If you're looking to instantly buy crypto, it's good to know that CEX.IO supports purchases with Discover Card. Among a number of convenient methods like PayPal, Skrill, Apple Pay, Neteller, Google Pay and  Bank Account, our platform also supports credit cards issued by Discover. 

CEX.IO provides multiple avenues for acquiring Bitcoin and other cryptocurrencies utilizing a Discover Card. This guide will focus on the Instant Buy feature, recognized as the most expedient and user-friendly method for both novice and experienced cryptocurrency enthusiasts.

Step-by-Step Guide: How to Buy Crypto & Bitcoin with Discover Card

Instant Buy is the most intuitive way to obtain crypto on CEX.IO. This functionality allows users to seamlessly link their Discover Cards with the free CEX.IO wallet. To begin, participants must register and verify their accounts to comply with KYC/AML requirements. 

Following successful verification, qualified customers can utilize Instant Buy to effortlessly acquire their chosen cryptocurrency through a streamlined multi-step process, as follows: 

1. Log in using established credentials. 
2. Navigate to Instant Buy from the dashboard. 
3. Choose your preferred cryptocurrency from the list of available assets. 
4. Select the fiat currency you want to use to acquire crypto. 
5. Specify the amount of fiat you wish to allocate for the purchase. 
6. Elect credit/debit cards as your preferred payment method. 
7. Enter your Discover Card details as instructed on the page. 
8. Follow the on-screen guidance to complete the transaction. 

Disclaimer: The availability of Discover Card as a payment method for cryptocurrency purchases may vary depending on jurisdictional regulations. Users are advised to verify the acceptance of the Discover Card and any associated terms and conditions prior to initiating a transaction.

Requirements

Applicants generally need to meet several requirements to receive a Discover Card. They must be at least 18 years old (or 21 in some states without a stable income) and U.S. citizens or permanent residents with a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). 

Unfortunately, due to Discover's limitations, residents outside the U.S. cannot currently use Discover Cards on CEX.IO, similar to how PayPal restricts access in some regions. Thus, we encourage our customers outside of the U.S. to explore payment methods available in their respective jurisdictions. 

Other Discover Card Requirements:

• A good credit score (typically 670+) is preferred but not always necessary.
• Stable income, low debt, and positive credit history.
• Personal and financial information, including income, employment, and housing.
• Credit check and agreement to terms and conditions.
• Secured cards may require a security deposit.
• No delinquent or closed Discover accounts.

FAQs

Is it safe to buy crypto with a Discover card?

Yes, it is safe to buy crypto with a Discover Card. It is known for robust security measures, including Zero Liability Protection, SSL, Protect Buy, and Fraud Monitoring features.  

Can I buy Bitcoin with a Discover card?

Yes, CEX.IO allows qualified users to directly purchase Bitcoin and over 200 other approved cryptocurrencies using their Discover Card. This provides a convenient entry point for those interested in exploring the crypto market.

What is the CEX.IO Crypto Debit Card? 

The CEX.IO Crypto Debit Card is a free Mastercard that lets residents of the European Economic Area (EEA) spend their cryptocurrencies (including Bitcoin and Euro) like cash at any merchant that accepts Mastercard (over 30 million globally). It has no annual, spending, or foreign exchange fees and allows participants to top it up commission-free with bank transfers. Moreover, cardholders can even connect their cards to Apple/Google Pay for even more seamless spending.