Gemini announced on its official Twitter page that users will now be able to use debit cards for purchasing crypto on Gemini.
— Gemini (@Gemini) September 24, 2020
Use of Debit Card for Buying Crypto
To avail of this new facility, all you need to do is log in to your account on Gemini through the website or their mobile app and then add the debit card. After that, you will be able to use the debit card for purchasing crypto using any of the fiat currencies that it supports, such as GBP (Pound Sterling), USD (US Dollar), HKD (Hong Kong Dollar), AUD (Australian Dollar), and CAD (Canadian Dollar).
Gemini has mentioned that they will be accepting all Mastercard and Visa debit cards. But, prepaid cards and credit cards are not accepted at the moment.
Other Options to Fund the Account
Apart from debit cards, users are also allowed to fund their account using wire transfer and ACH bank transfers.
In a blog post on their website, Gemini has mentioned that the integration of debit cards will advance their goal to make Gemini more reliable, simple, and secure to use. In the blog post, they added that they would continue working towards building a better experience for their users in their crypto journey.
More About Gemini
Gemini is a secure and simple platform that users can utilize for building their crypto portfolio. Also, the platform makes it easy for users to sell, buy, and store their cryptocurrency. Gemini is now licensed in UK and users here will be able to buy and sell crypto in GBP. You can go through our Gemini crypto review to get more insights about Gemini exchange.