Mastercard for Crypto Deposits

Mastercard logo
Mastercard is one of the three most used fiat based deposit methods into crypto sites, next to Visa and cryptocurrencies. Among the debit cards, VISA and Mastercard are the two giants for buying Bitcoin, Ethereum or other crypto pairs.

You can easily experience the crypto world with Mastercard, the safe and easy way to pay for ETH, Solana, Bitcoin or any other cryptocurrency of your choice. Just select one of the top rated crypto exchanges, platforms and brokers below to get started.

Top 17 sites for buying, selling and trading crypto with Apple Pay

This is the toplist with the best sites to buy, sell or trade cryptocurrencies with Mastercard . To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button.

Coinbase Pro
A more complex crypto exchange for advanced users. Generally better exchange rates than the normal Coinbase app.
Paxful
Paxful got over 350 different deposit methods in order to get started with crypto investing.
Gemeni
Buy Bitcoin and crypto instantly with Gemini.
FTX
Trade With FTX Anywhere & Anytime.
KuCoin
One of the exchanges available in most places around the world, with among the lowest fees and among the best compatibility for transfers between various blockchains.
Local Bitcoins
Buy bitcoin locally, with almost any deposit method. Local Bitcoins make crypto investment easy.
Crypto.com App
Making crypto trading, staking and investing simple. Directly from an app.
Coinbase App
Buy and sell cryptocurrencies easily. Coinbase App is where you can go.
Bitget
One of the world’s largest cryptocurrency copy trading platforms.
Crypto.com Exchange
Trade over 200 crypto pairs from one of the leading exchanges. They also got their own debit card for all users.
Gate
Gate IO can be your gateway to everything related to crypto – with over 1400 cryptocurrencies to trade in a safe, quick and easy manner.
eToro
Get inspiration from the markets’ best traders for free! Discover the worlds’ best social crypto trading site, with or without CFDs.
Poloniex
A very professional crypto exchange more targeted to advanced traders. Good reputation and big variety of coins and tokens.
StormGain
Try a better crypto exchange. Discover StormGain, you too!
Binance
Largest on crypto. Over 200 cryptocurrencies to trade, both currency exchange with a wallet, CFD trading, staking and much more.
Skilling
Crypto CFD Trading, With or Without Leverage. Rapid Execution & The Lowest Spread.
AvaTrade
A reliable CFD crypto broker that’s been around for 15 years and is regulated in 5 continents.

We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.

Summary

Mastercard is an American-based company that plays an important role in the global financial industry. The company is popular for providing services such as payment processing in banks using debit and credit cards. All cards carry the brand name “MasterCard-,” making them eligible for all transactions and services from the company.

Advantages of Mastercard

+Mastercard is one of few highly acceptable forms of payment globally.
+It offers contactless payment options such as the Mastercard-PayPass.
+Mastercard offer instant deposits.
+Most crypto brokers, exchanges and platforms offer this secure payment channel.

Disadvantages of Mastercard

-There might be a 3% transaction fees from some banks that provides Mastercard.
-High-interest charges when using their credit card.
-All countries don’t support crypto deposits with Mastercard.

What is Mastercard?

It is an international payment technology that allows consumers, organizations, and businesses to make payments electronically. It offers debit, credit, prepaid and commercial cards to users. It accepts more than 150 currencies and is available in more than 200 countries worldwide.
The company provides different payment products to card issuers, such as banks that create and approve account holders, accept deposits, and make pricing decisions. After approval, the cardholders can use these products to make payments in stores that accept paperless payments.
The company’s main function is to authorize and clear payments made using debit and credit cards. Its main source of revenue comes from the fees charged during transactions made using the cards.

Mastercard crypto deposits

One can use the Mastercard payment options on almost any cryptocurrency site that accepts card payments. Here is a systematic guide on how to make online crypto payments with Mastercard:
1. Select Mastercard on the list of deposit methods.
2. Type the 16 number digit located on the front part of your card.
3. Enter the Expiry date for the card.
4. Locate the four-digit CVV number at the back of the card that authorizes the use of the card.
5. Finalize the transaction with the most preferred verification method, such as biometrics or pin code on your mobile device.

Costs with Mastercard

The cost involved when using a Mastercard deposit depends on the agreement between the cardholder and the issuer. Deposits made through the Mastercard-network go through five main participants: Mastercard-, bank, merchant, cardholder, and the acquirer.
The charges depend on the agreement between the merchant and the cardholder. The company imposes a switching fee to the bank, which determines the amount incurred by the cardholder and what the card issuer earns. The issuer plays an important role in authorizing the payment and making deposits to the merchant’s bank account.
Mastercard-holders incur three main types of fees that include annual membership fee and foreign currency charges.

Transaction Speed for Mastercard

The company claims to own a payment network that handles an average of 5000 transactions per second. Transactions made using Mastercard- happen within seconds, and payments reflect on the receiver’s account in less than one minute.

Despite the numerous benefits offered by Mastercard-, most people prefer using it due to the fast transaction speeds. It provides a reliable and safe way to make deposits within the shortest period. The payment processor deducts the required amount of money approved by the cardholder.

Which are the Main Countries where Mastercard is used?

It is accepted in most countries around the globe. Australia, Brazil, Estonia, Finland, Germany, Nigeria, Ukraine, United Kingdom and U.S and are some of the most popular countries. People living in India cannot use the card after the recent ban. The Indian government claimed that the company did not comply with the data storage rules that require foreign payment networks to keep data within the country.

Can you use Mastercard for withdrawals as well?

Most electronic payment systems are applicable only for deposits. For one to withdraw, they may need to convert the money to crypto or use other methods such as bank transfers. The card holders can withdraw money from the ATM, but rarely from crypto sites. More common methods for withdrawals include taking out the money in crypto or by doing a withdrawal to your bank account.

Reputation of Mastercard

According to the company, there are more than 1.46 billion users globally. Due to its popularity, the number is likely to increase in the next few years. Despite not being a Mastercard-user, most of my close friends use Mastercard- as their most preferred payment network. Several other alternatives exist in the market, such as Visa and American Express.

FAQ

Here are some of the most frequently asked questions about Mastercard usage on cryptocurrency sites.

Is it safe to use Mastercard for cryptocurrencies?
It offers a secure platform for making deposits and payments. However, one may face huge risks by using the card to make payments on untrustworthy sites. You can find secure crypto sites that accept Mastercard at cryptolist.com.

How do I set up Mastercard?
Mastercard Inc does not play the role of issuing debit and credit cards. Financial institutions such as banks allow account holders to apply for a the card from the bank. Go to your bank and ask for a Mastercard, and they will likely give it to you.

Is Mastercard Instant?
The card provides a quick and easy form of make deposits into crypto sites. Payments made using the card tend to take a few seconds to complete.

When was Mastercard founded?
The company was established in 1966 after a group of financial companies merged to produce Mastercard to compete with BankAmericard.

Where is the Mother Company Based?
Mastercard’s- parent company is located in California in the United States.

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