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This step-by-step guide walks you through the whole process of buying bitcoins with your card – screenshots are included. Your first purchase at buy.coingate.com may take up to an hour due to verification procedures. Consecutive purchases will not require you to verify phone number, email and ID again. Therefore, every time you buy Bitcoin, it gets simpler and quicker.
What you will need to buy Bitcoin with your credit or debit card for the first time:
Go to buy.coingate.com, enter your desired purchase amount in bitcoins or U.S. Dollars (minimum 50 USD, maximum 5000 USD), enter your Bitcoin wallet address (see this tutorial for setting up a wallet on Electrum), and Click to Continue.
You will now have to verify your email address and phone number. Check your inbox for an email confirmation link, and expect a text message with a 4-digit code that you will have to enter on-screen, or a phone call if you indicated a landline number. When you confirm your email address and phone number, the red X marks will turn into check marks, and you can proceed by clicking Continue.
Enter your card details here. Most of major credit and debit card brands are accepted (VISA, MasterCard, Maestro), as well as some prepaid and virtual cards. Make sure your card details match the billing address you entered in Step 2. Note that you will not be billed just yet – your card will be checked for the required purchase value, and you will then have to proceed to ID verification. Click Pay Now.
Selfie time. You will now have to upload a selfie of yourself holding the card you are using for payment. Your full name and the first and last four digits of your card number must be visible, but you can cover the 8 middle digits with your fingers.
Upload your ID document of choice: passport (double-page), national ID card (both sides), or driver’s licence(both sides). Upload each side of a document one by one. For increased chance of payment approval, consider uploading a second document, or even all three. Proceed when you have uploaded the documents.
You will be see a message indicating that your payment request is being processed. This will take a few minutes, and you will receive an email once your payment is approved or declined (some payments on very rare occasions may take up to 24 hours to process).
If all goes well, bitcoins will reach your wallet in 20 minutes or less. Depending on Bitcoin network congestion, the transaction may take up to an hour to be confirmed.