Ethlend EthlendICON

How to Buy Ethlend with Credit Card and Debit Card

There is currently only one method of buying Ethlend with a credit or debit card: convert currency into Bitcoin, then convert Bitcoin into Ethlend on a crypto to crypto exchange like Binance.

How to Buy Ethlend with Bank Transfer

The best method of buying Ethlend with a bank transfer or wire is to buy Bitcoin through a bank transfer, then trade Bitcoin for Ethlend on an exchange like Binance.

Method 1 - USD/EUR -> BTC -> Ethlend

Step 1: Buy Bitcoin

There are several exchanges through which you can buy Bitcoin.

Coinbase, Coinmama, or BitPanda are the easiest to use.

Coinbase is a very beginner friendly US based exchange, that sells cryptocurrency to most countries and all US states. To see if Coinbase supports your country, check this link!

Coinmama handles credit or debit card purchases. Coinmama is great because they have higher credit or debit card purchasing limits than Coinbase, as well as fast delivery of your funds. Bitpanda. Bitpanda is an exchange that processes credit or debit card purchases. Their fees are slightly lower, but ONLY sells Bitcoin to residents of European Union (EU) countries.

Coinbase is the most beginner friendly while Coinmama is great for credit or debit transactions as it has higher purchase limits and quick delivery. BitPanda is great (but it only works in Europe) and has a 5% fee on credit or debit purchases.

We will use Coinbase in this example. Also, if you purchase over $100 of Bitcoin through the following link, you will receive an extra $10 BTC for FREE! Create an account on Coinbase if you don’t have one already and then add your payment method.

After creating your Coinbase account, you need to add a payment method. If you are going for the route with the lowest fees, it is best to use a bank transfer. If timing is more important, use a credit or debit card, as this is much faster!

The Coinbase signup process takes time, but this is to ensure security for customers. Click the Buy/Sell tab on the top/middle of your screen. From this page, you can easily purchase Bitcoin, Litecoin, or Ethereum. All of these cryptocurrencies can be converted into Ethlend on exchanges such as Binance, but for this tutorial we will use Bitcoin.

Fiat to Bitcoin Exchanges

Exchange Countries Fees
Coinbase USA 1.49% - Bank
Coinmama Mostly Everywhere 5.5% Credit/Debit
Bitpanda Europe ONLY 5% - Credit/Debit

Coinbasehome Coinbasehome

After hitting Confirm Buy, you are finished with this step! Next will be transferring the Bitcoin to an Ethlend exchange. Also, at this point, we strongly suggest setting up two-factor authentication (2FA) on all exchanges. Two factor authentication combines two different verification methods to ensure the real user is trying to access the account.

Bitcoin to Ethlend Exchanges

Exchange Countries Fees
Binance Everywhere .05%
Kucoin Everywhere .1%

Step 2: Transfer your Bitcoin

Once you have Bitcoin, you will need to move it to an exchange that has BTC/LEND pairs.

Binance is hugely popular due to its intuitive interface and solid customer support. Click the send button on Coinbase as seen in red highlight in the picture below. You will be asked for the recipient’s wallet address. Enter your Binance Bitcoin address, which you can find by going to the “Funds” tab on the Binance navigation bar, then clicking “Balances”. Once on this screen, you will see a list of coins. Scroll down to Bitcoin, and hit the “Deposit” button. Copy the address that appears and paste into Coinbase. Click send on Coinbase, and wait about 30 minutes for your BTC to arrive.

Depending on the traffic on the Bitcoin network, your transfer may take 20 minutes to an hour, sometimes longer. This can be stressful but do not worry!

Coinbasehome binance Binance Coinbasehome Coinbasehome

Step 3: Buy Ethlend

Once your Bitcoin arrives, you will have a balance with which to purchase Ethlend. Go to the LEND/BTC page and you will see a box that says Buy Ethlend. In the box, enter a price with which you are comfortable. You can look at the order book to get a sense of the current rates. After your order is processed, you will see it in your Ethlend wallet balance in Binance!

BuyEthlend

How to Buy Ethlend with PayPal

Due to Paypal’s chargeback feature, buying Ethlend with Paypal requires one extra step. The exchange VirWoX allows you to convert paypal balance into Bitcoin. Read our tutorial on this conversion. Once you have Bitcoin, you can send it to Binance like in the example above.

Can I Buy Ethlend on Coinbase?

Currently, Coinbase does not sell Ethlend. If you want to buy Ethlend, please follow the tutorial above. You can easily trade Bitcoin for Ethlend on Binance. If you don’t have Bitcoin yet, use Coinbase to get started!

Step 4: How to securely store Ethlend

Ethlend is an ERC20 coin that runs on the Ethereum Blockchain, which means that it can be stored on myEtherWallet.