Stimulus Checks 2021: How to Buy Bitcoin With Your EIP Prepaid Debit Card
On Thursday March 11th, President Joe Biden signed into law the American Rescue Plan Act of 2021. This bill will provide all taxpayers (and their dependents) with $1,400. For many, these funds will be received by way of a direct deposit into their bank account. However, like the two previous stimulus bills, millions of Americans who are not eligible for direct deposit will receive an Economic Impact Payment Prepaid Card (EIP Card) in the mail.
For those who have received it, many will be wondering: how do I buy Bitcoin with the funds on this card? Because the EIP card is a prepaid card, it will not be accepted by traditional services that allow purchase of Bitcoin by credit and debit card. And that’s where CardCoins comes in!
We’d be more than happy to help you convert your EIP card into Bitcoin! The process is effectively identical to an order with a traditional gift card on our...
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