Buy/Sell BTC and Other Cryptocurrencies Using MyVanilla Prepaid Card -Full Guide

MyVanilla Prepaid Card is a reloadable debit card that can be used anywhere Visa is accepted. The card’s benefits are geared towards the Millennial generation, who are looking for easy access to their money at all times.

Although, you can’t directly buy BTC using this MyVanilla Prepaid Card at the moment, we have explained an indirect method. If you want to buy BTC with MyVanilla Prepaid Card, you can do so by using some P2P market such as Paxful.

Step 1:

First of all, you need to create an account on Paxful. The account creation process is pretty simple. All you need is to signup using your email address and a new password.

Step 2:

Verify your account by using your ID card or Passport. This is a good step that is required to reduce spam and scams. Verifying your ID doesn’t take much time, the process is automated so it’s completed in a few minutes for most of the cases.

Step 3:

After creating and verifying the account, you need to buy BTC using MyVanilla Prepaid Card. For that, you need to click on “Buy” button and on the next screen:

Select cryptocurrency as BTC
Select Payment Method as MyVanilla Prepaid Card
Select your currency and input amount you want to invest
Click on Find offers

Now you’ll be able to see a lot of offers, it’s time to find the best offer and click on buy.

A chatroom will be opened for you where you can trade with the seller. Important Tip: You can chat a little with the seller to confirm if he is online, then ask for their payment account details. You can send the money and click on the “Paid” button. This will ensure Paxful that you have paid the seller. Now you need to wait for a few seconds or minutes until the seller verifies the payment. After verification, the seller will instruct Paxful to release your BTC. In the next instant, BTC will be available in your Paxful wallet. That’s all…

The same way you can withdraw/Sell BTC to MyVanilla Prepaid Card
For selling BTC in exchange to MyVanilla Prepaid Card, you need to click on sell button in Paxful and see the available options. You can sell to the suitable seller. If you have BTC that are outside Paxful, you can deposit them easily to Paxful. After depositing, you can sell to hundreds of sellers that are avaialbe online.
If you want to explore other P2P exchanges as well, please click “Crypto Exchanges” section in our site’s menu and you can find other P2P exchanges.

We hope that this article has helped you in buying BTC online using MyVanilla Prepaid Card. Happy Trading!