How to Buy SATS with a Credit or Debit Card

SATS serve as fundamental units of account (1 SAT = 0.00000001 BTC) within the Bitcoin protocol. Their primary role is to allow enthusiasts, who can not afford the whole BTC, to participate in the Bitcoin ecosystem. 

The significant price appreciation of the largest cryptocurrency by market capitalization has rendered everyday transactions using whole BTC units impractical. 

To address this limitation, SATS enables the efficient transfer of smaller value denominations on the blockchain, by facilitating microtransactions and enhancing the overall functionality of the Bitcoin network.

In addition, SATS are used in decentralized finance (DeFi) and near-instant payment channels of Bicoin’s Lightning Network. 

Curious participants can obtain SATS on CEX.IO, a well-respected crypto exchange that allows eligible users to buy digital currency with various payment gateways. In this article, we explore how to buy SATS with a credit or debit card instantly on CEX.IO. 

How to buy SATS on CEX.IO: A step- by-step guide 

Once registered and verified, customers receive a complimentary crypto wallet. This allows them to buy, sell, store, and trade SATS, as well as other 200+ vetted assets.

There are multiple ways to acquire SATS on CEX.IO. One way is through Spot Trading, where eligible enthusiasts can trade the smallest unit of BTC against USD and USDT. However, those looking to avoid the complexities of analyzing price charts can utilize Instant Buy. 

Obtaining SATS through Instant Buy is effortless and requires only a few simple steps: 

1. Navigate to Instant Buy from the dashboard or locate this feature under the Products menu. 
2. Select the fiat currency you wish to use for purchasing SATS. You can choose between EUR, USD, and GBP. 
3. Choose SATS from the list of available cryptocurrencies and click Buy Crypto Instantly. 
4. Enter the amount of fiat you wish to spend or elect from predefined allotments. 
5. Select credit/debit card as the preferred payment gateway. 
6. Enter your card details, including the card number and expiration date. 
7. Review all transaction details and proceed with the purchase. 
8. Confirm your SATS purchase following the on-screen instructions. 

Payment methods to purchase SATS

CEX.IO offers multiple avenues for those looking to obtain cryptocurrencies, including SATS, beyond bank cards. Eligible customers can obtain SATS with: 

• Google Pay
• Apple Pay
• Skrill 
• Neteller
• Bank Transfer
• Other cryptocurrencies

Disclaimer: Please note that due to regulatory restrictions, some payment methods for Instant Buy might not be available in your jurisdiction. Additionally, the availability of cryptocurrencies for purchase can vary by location. We encourage our users to conduct their own research on regulations and supported cryptocurrencies before attempting an Instant Buy purchase.

Where can I buy SATS crypto?

Interested parties can obtain SATS on various exchanges, both centralized (CEX) and decentralized (DEX). DEXs offer anonymity but can also come with a steeper learning curve and potentially lower liquidity for some cryptocurrencies.

On the other hand, centralized exchanges like CEX.IO offer a user-friendly interface and customer support, making them particularly handy for beginners. Additionally, our platform provides reliable liquidity for popular cryptocurrencies like Bitcoin (BTC) (of which SATS are a unit), ensuring a smooth transacting experience for eligible participants.

Overall, the choice between a CEX and a DEX depends on users' individual needs and priorities. We always recommend conducting thorough research before selecting a platform to buy SATS.

FAQ

Can I buy SATS in the U.S.?

For U.S.-based customers, current regulations restrict the direct purchase of SATS on our platform. However, CEX.IO offers a comprehensive selection of over 30+ crypto assets compliant with U.S. regulations and may be available for purchase depending on user specific state regulations. We encourage U.S.-based participants to visit our platform and explore our list of supported assets.

What are the fees to buy SATS?

Acquiring SATS involves two main fee considerations: exchange fees and network fees. Exchange fees vary by platform and encompass trading fees and deposit/withdrawal fees (e.g., credit card deposits might incur a premium compared to bank transfers). On the other hand, network fees, paid to miners for processing transactions on the blockchain, fluctuate based on network congestion. To ensure the best deal, be sure to research and compare fees across different platforms before purchasing SATS. 

How to get SATS?

As mentioned above, curious participants can acquire SATS through Instant Buy and Spot Trading. Alternatively, customers can download our dedicated iOS and Android apps, which allow them to pay for digital assets and also perform crypto payments for on-the-go cryptocurrency enthusiasts.

How to create a SATS wallet?

Establishing a secure SATS wallet with CEX.IO is a streamlined process. Register for a free account and complete verification (KYC/AML) to unlock a comprehensive crypto wallet supporting all our vetted assets, including SATS. Our user-friendly platform empowers users to seamlessly buy, sell, store, and trade various cryptocurrencies. Beyond secure storage, verified customers gain access to a valuable suite of features: consolidated crypto portfolio management, diverse trading opportunities, and (for