How to deposit with a VISA, MasterCard or Bank Wire through online exchanges. In this article, we will show you step by step how easy it is to deposit with a VISA or MasterCard or other payment systems through cryptocurrency using online exchanges. In the modern world, it is very easy to exchange funds from Card and buy or sell Cryptocurrencies, even to those customers who do not understand this at all.
You do not need to download additional software or register and create crypto wallets somewhere, all this is already configured for you in our MT 7 trading platform.
Any client from any country can make a deposit and withdraw funds using a VISA, MasterCard, Bank transfer, E-wallets and different cryptocurrencies to transfer funds using online exchanges.
All Exchanges are made with a minimum commission expense.
The exchange operation can be completed in a few minutes, in contrast to the return of funds to the card in the usual processing environment, which can take several business days.
The principle of operation of these exchanges is slightly different from the methods you are used to, but this is why it is better and simpler and faster.
You can change any type of currency or cryptocurrency back and forth very quickly.
The scheme resembles an exchange between different persons without the participation of centralized systems.
You send funds to a specified account or public address, and you receive funds from a completely different person or organization to the details that you specify.
For some transactions, you do not need to register at all in the exchange and go through document verification, if you do not exceed the established limits, which greatly simplifies these exchanges.
«So what is the simplicity of which scheme?» you ask.
Open a trading account in the Personal Area in the base cryptocurrency BTC (Bitcoin). A personal public Bitcoin address will be linked to this trading account to which you can immediately transfer funds. This address can be specified as the recipient of the cryptocurrency when exchanging funds.
Acceptance of funds and trading in Cryptocurrencies work around the clock in automatic mode.
To see this address, you need to go to the Deposit funds tab, select the Bitcoin payment system and click the Proceed button.
You can copy this address and use it as a recipient of Bitcoin in the future.
If you want to use the built-in links to online exchanges, you will see the same public address for receiving Bitcoin.
In our platform, in the Deposits and Withdrawals section, links are already built-in and there is a short description of 5 popular exchanges, but you can use any other without any restrictions.
You can choose any exchange you trust or like with their exchange rates. We recommend choosing exchanges from the rating of exchanges, where you can choose the best exchange rate or read real reviews about the exchange.
The most popular rating is
In the Give column, you choose what you want to give for the exchange, and in the Get column what currency you will receive after the exchange and you are shown a list of exchange sites and the current exchange rates.
In our example, you can choose to exchange Visa / MasterCard USA for Bitcoin (BTC) and you will see a table of exchanges with the current exchange rates and minimum amounts to be exchanged.
Exchange sites have different designs, but they all share the same principle and scheme.
Select Bank Cards for payment and Bitcoin for receiving funds.
Specify the amount to be exchanged and you will immediately be shown the amount in Bitcoin that you will receive.
After clicking on the Exchange button, you will be offered a standard quick registration on the site for further control of the transaction and, perhaps, you will need to go through verification.
Confirm your email address and phone number and upload the required documents if necessary.
Please Note! In the wallet to receive field, specify the public address of the Bitcoin wallet that is linked to your trading account. You can find this public address in the Personal Area of the trading platform MT 7. Be sure to double-check the receiving address, because, in the event of an error, the transaction cannot be cancelled or refunded
Make an exchange.
You can check the transaction in the blockchain system on different sites, this information is publicly available. Enter a public address in the search field and you will see all transactions associated with this address. You can use these or other sites:
Wait for at least 3 confirmations of your transaction on the blockchain network. After that, go to the Personal area in the trading platform in the Deposit funds section, select the deposit Bitcoin, your trading account and click on the Check transaction button.
Your transaction should appear in this table and the funds will be credited to your account. After that, you can already open orders.
If it is more convenient for you to see the balance and profit in another account currency, then you can independently transfer funds between your accounts.
To transfer funds from your BTC account to your other account in a different currency, such as USD, go to the Transfer Funds section.
Select the account from which you will transfer funds, select the account to which you want to transfer funds, write the amount to transfer. For convenience, you can make a preliminary calculation of the transfer.
Click the Make Transfer button and the funds will be automatically transferred at market rates without commission. Now you can trade on an account in USD base currency.
That's all you need to do to make a successful deposit.
To withdraw funds, you can use the same scheme, but only in this case, you will need to make a transfer from the account in the base currency to the account in the base cryptocurrency and withdraw funds to the public address of the online exchange. You can exchange your funds for any bank cards, bank accounts and other payment systems that accounts belong to you or belong to another person without any additional verification.
You can argue, because the rate of cryptocurrencies is constantly changing, how to ensure the stability of funds so as not to lose anything if the rate falls? I will try to calm you down. The current rate of cryptocurrencies does not matter to you if you use a trading account in a regular base currency for trading, and not in a cryptocurrency. Cryptocurrencies are used as a convenient method of transferring funds.
Let me give you an example.
Let's say the current rate is 50,000 for 1 Bitcoin. You are using a bank card with a balance of 50,000 USD. You transfer 50,000 USD to the online exchange and exchange them for 1 Bitcoin. The online exchange transfers 1 Bitcoin to your trading account in the base cryptocurrency BTC (Bitcoin). In the platform, you can transfer funds between your accounts without commissions at market rates. You transfer 1 BTC to a trading account in the base currency USD and your account balance becomes equal to 50,000 USD. Then you trade for several days and earn some amount. During this time, the Bitcoin rate falls and becomes equal to 25,000 for 1 BTC. Then you decide to withdraw 50,000 USD from your trading account. To do this, you transfer funds in the platform from an account in USD to a trading account in the base cryptocurrency BTC at the current rate and the balance of this account becomes 2 BTC. You transfer 2 BTC to the exchange and get 50,000 USD on the card.
You see, the rate of cryptocurrencies does not matter for the client.