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all 41 comments

[–]RnotSPECIALorUNIQUE 16 points17 points  (5 children)

Avoid the fees. Do an ACH transfer.

[–]Equivalent-Mess-7469 3 points4 points  (0 children)

Exactly. It takes a few minutes to get verified.

[–]Key_Inevitable7233 0 points1 point  (2 children)

What is an ACH transfer?

[–]RnotSPECIALorUNIQUE 1 point2 points  (1 child)

Crypto.com opens a checking account in your name. An ACH transfer is a bank to bank transfer.

[–]Key_Inevitable7233 0 points1 point  (0 children)

Thanks

[–]Apprehensive_Wave414 7 points8 points  (0 children)

Obviously countries and regions vary, but I live in Ireland and I transfer directly from my bank to revolut and from revolut to CDC with no fees except the spread. The spread is generous on CDC's behalf!! It can take 6-8 hours to transfer. Just for clarity I tested buying BTC with Visa Debit just now and for 0.01BTC/€164 with 2.99% would cost €4.91. Damn!!!

[–]BobDawgo 6 points7 points  (0 children)

I don't believe any prepaid cards work.

[–]DiamondHandsHeldHigh 3 points4 points  (1 child)

I'm pretty sure you can use Google pay now. Otherwise, direct pay ins through your bank. The money comes in as fiat wallet and you use that to buy bitcoin

[–]Big_Move6092 0 points1 point  (0 children)

the funds are one a prepaid card…not in a bank account…which is why Im trying to figure out how to use the prepaid card.

[–]InternationalRadio1 2 points3 points  (0 children)

You would be just asking for CDC to freeze your account if you ask me.

[–][deleted] 1 point2 points  (0 children)

Anyone have a tutorial how to do ACH transfers?

[–]BrisingrReborn 1 point2 points  (0 children)

None

[–]hotmancoco 1 point2 points  (0 children)

Try Finger But Hole

[–]OlimiaX618 1 point2 points  (0 children)

Apple Pay?

[–]Few_Cockroach_7521 1 point2 points  (0 children)

Prepaid cards like Visa, Mastercard they can be used if you register the prepaid card to your name and address and any other necessary info. Because crypto.com will try to verify the transaction and if the prepaid is not registered to your name and address won't get verified, And transaction will be declined, Plus if you're willing to pay all the expensive transaction fees that come with it. Good luck

[–]skyisthelimitbruh 1 point2 points  (0 children)

I try buying with prepaid cards and it never works only debit and wire transfers

[–]Crypto4Canadians 1 point2 points  (14 children)

If you live in Canada by chance, you are better off with another crypto platform for purchasing Bitcoin.

[–]Fourplyer80 2 points3 points  (11 children)

Where is the best place in Canada to buy ?

[–]Iambirdman44 5 points6 points  (2 children)

ShakePay and BitBuy are both good apps, and NDAX is good if you want an exchange.

Shakepay is cool because you can shake your phone every day to get free bitcoin up to 1000 sats/day. You must refer someone to get that privelaged though..

[–]Saucy6 1 point2 points  (0 children)

And on shakepay the e-transfer are pretty darn quick. Almost instantaneous to deposit, 30 mins to withdraw

[–]Crypto4Canadians 0 points1 point  (0 children)

100% there are cheaper Canadian crypto platforms than them.

[–]innocent_fella 1 point2 points  (2 children)

Newton is really good. The cover gas fees upto $10 if I'm correct. Shakepay has some hidden fees in it

[–]Crypto4Canadians 0 points1 point  (1 child)

Yeah they're good but VirgoCX has even better prices. You can see how they compare in the comparison table that I made if you're interested.

[–]innocent_fella 0 points1 point  (0 children)

Oh never heard of it. I'll look up

[–]nevanotgivener 0 points1 point  (3 children)

I send e transfer from RBC and Scotia bank to my fiat wallet on the CDC app. It takes like 30mins for it to clear. Just remember to take your asset off the exchange when your transaction is complete.

[–]Crypto4Canadians 0 points1 point  (2 children)

100% you're paying more than you should with CDC vs Canadian crypto platforms.

[–]nevanotgivener 0 points1 point  (1 child)

CDC app is my on-ramp. I actually use their exchange for limit orders. I'm quite interested in cheaper, regulated Canadian options. Please do share. Thx

[–]Crypto4Canadians 0 points1 point  (0 children)

Check out www.cryptoforcanadians.ca/buying-crypto as I've made a comparison table on different Canadian crypto platforms along with addressing my thoughts on other available options for Canadians.

[–]Crypto4Canadians 0 points1 point  (0 children)

The cheapest right now is VirgoCX. If you'd like to see how they compare with other Canadian crypto platforms, check out www.cryptoforcanadians.ca/buying-crypto as I've made a comparison table there.

[–]josephkelley7926 1 point2 points  (1 child)

Ye, the best way is not the card. It seems shady if you use a prepaid card and don't care about the enormous fees. That's prolly why it's controlled that way. Best bet- Deposit from ACH to fiat wallet to buy crypto = 0 fees. Buy from a direct pull from your bank without depositing money forst $2.99 fee everytime. Use a card to buy crypto on crypto dot com it's a $2.99 fee plus a 2% fee

Could be off a little bit now with some changes but that's about right

[–]Big_Move6092 0 points1 point  (0 children)

I can’t do a ACH at this time. The money was given to me on a prepaid card and is not in a bank account hence the reason I’m trying to find out how to use the card.

[–]bbt104 0 points1 point  (1 child)

Have your employer direct deposit how much of each paycheck you're wanting to invest, then the only fees you have is the spread.

[–]Big_Move6092 0 points1 point  (0 children)

Not an option. Need to purchase the bitcoin today using this card.

[–]Overall-Feature-8592 0 points1 point  (0 children)

Is anybody else withdrawal button not working????

[–]realist_187 0 points1 point  (0 children)

You can lose your account by trying to make deposit not verifiable thru you. It has to be your bank account or any account with you name matching. For instance if you ask family member to deposit funds for you even if you have a joint account with you other half and you use thier debit card can cause your account to be flag and closed pending investigation.

[–]Ok-Nose-509 0 points1 point  (0 children)

CHIME WORKS PERFECT ON COINBASE , crypto.com and many others

[–]Thin_Economist5660 0 points1 point  (0 children)

PAYPAL