Metal MetalIcon

How to Buy Metal with Credit Card and Debit Card

There are currently two mains ways of obtaining Metal with a credit or debit card. You can use Changelly, and receive Metal for USD or EUR very quickly. The other way is to buy Bitcoin with your credit card or debit card then convert it into Metal on an exchange like Bittrex

How to Buy Metal with Bank Transfer

There are two ways to buy Metal with your bank account. The first involves buying Bitcoin and then converting Bitcoin into Metal. You can also use Changelly. See explanation below.

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

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 00000000000 on exchanges such as Binance, but for this tutorial we will use Bitcoin.

Fiat Currency 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 a 000000 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 Metal Exchanges

Exchange Countries Fees
Binance Everywhere .05%
Bittrex Everywhere .25%

Step 2: Transfer your Bitcoin

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

Coinbasehome Coinbasehome Coinbasehome Coinbasehome

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!

Step 3: Buy Metal!

After sending your bitcoin to Binance, go to the MTL/BTC trading page and 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 Metal wallet balance in Binance!

Coinbasehome

Method 2 - Changelly

How to Buy Metal with Changelly

Step 1: Create an account on Changelly. They have a relatively easy signup process and allow the use of Google, Twitter or Facebook logins to make the sign-up seamless.

Step 2: Upon creating an account, go to the main page as seen here, and use the conversion box to initiate an exchange. In this example, we are going to buy Metal with USD.

Coinbasehome Coinbasehome Coinbasehome Coinbasehome

Can I Buy Metal on Coinbase?

Coinbase does not currently sell Metal. If you want to buy Metal, please follow the above steps. You can trade Bitcoin for Metal on Binance. If you don’t have Bitcoin, use Coinbase to get started!

How to Buy Metal with PayPal

Due to Paypal’s chargeback feature, buying Metal with Paypal takes one more step. 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 as seen in the example above.

How to securely store Metal

Metal is an ERC20 coin that runs on the Ethereum blockchain, which means that it can be stored on myEtherWallet. Metal can also be stored securely on the highly popular hardware wallet Ledger Nano S!, but you will need to use MyEtherWallet as an interface to view the tokens. Check out this tutorial from Ledger on how to integrate myEtherWallet and the Ledger Nano here.