How Can I Buy Bitcoins With A Credit Card – How to buy Bitcoin (BTC) with a credit card? February 2, 2018 · 14:26 UTC | Updated Nov 18, 2019 · 21:39 UTC by Andy Watson · 17 min read
Since Bitcoin has become so popular, it is very important to know where and how to buy this magical token. See below for an analysis of how this can be done.
How Can I Buy Bitcoins With A Credit Card
Bitcoin, the main currency of dark web markets, seems to be a fringe idea, viewed with disbelief and disdain by the public. Times have changed quickly for Bitcoin and 2017 was the biggest year in its 8-year history.
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This year is important because Bitcoin has reached 7 times its price since the beginning of the year and has overcome some of its toughest challenges, one of which is the Chinese government. abuse a few months ago. Investors and entrepreneurs flocked to Bitcoin, and the cryptocurrency industry’s boom this year has been fueled by investors’ desire to find the next Bitcoin.
With the rapid adoption of Bitcoin from high net worth investors to everyday people and small businesses (who see it as a way to get paid for their services), there are also ways to keep it. Gone are the days when you had to struggle to get this precious item. There has been a lot of interest in the easiest and fastest ways to buy Bitcoin, with credit/debit card purchases leading the way.
Due to the unreliability of transactions, the acceptance of Bitcoin through the credit card purchase option is very slow. Many exchanges and merchants fear that credit card information can easily be stolen and misused by criminals without the owners’ knowledge. Chargebacks often occur when property owners file complaints with their financial institutions. But the demand for Bitcoin will change, forcing cryptocurrency traders to develop secure methods of buying Bitcoin using credit or debit cards.
One of the first exchanges to provide easy payment methods for Bitcoin is CoinMama. This US-based payment has changed its business to provide a flexible payment option for its customers. Before accepting credit and debit cards, CoinMama was one of the few exchanges that allowed users to buy Bitcoin via Western Union. Now that they accept credit and debit cards, shopping just got easier
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CoinMama is a very reliable company with a great track record, which makes it one of the most popular places to buy Bitcoins, especially with a credit or debit card.
When it comes to buying Bitcoin with credit cards, CoinMama is an expert in the field. Their services are very attractive to customers because of the large amount of Bitcoin that you can buy using this payment tool. Unverified accounts can sell up to $150 in Bitcoin and verified customers can sell up to $20,000 in Bitcoin per month!
No list of ways to buy Bitcoin using a credit card or other means would be complete without including Coinbase, the largest Bitcoin exchange in the world. It is one of the most popular stock exchanges in the world with the strongest security measures followed throughout the industry.
For example, Coinbase stores all of their bitcoins and other cryptocurrencies in a completely offline location, requiring their employees to physically visit and process daily transactions on the platform. Coinbase is very popular because they host more countries than most US exchanges. Bitcoin payments are currently accepted by 33 countries, with more information to follow. A registered customer can make instant purchases of $150 per week, and once approved, this amount can be increased to $1,000 per week using credit cards.
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For those who are brand new to the cryptocurrency world but still looking to buy their first Bitcoin, Coinbase is highly recommended due to the ease of the process that allows the customer to complete the purchase. A 3.75% fee is charged per credit card transaction.
If you’re in the Eurozone and looking for one of the easiest ways to buy Bitcoin, then you should check out Bitpanda. This Austrian startup started offering businesses a wide range of payment options in 2014, such as Neteller, Skrill, SEPA and directly using your credit or debit card.
Bitpanda prices are not uniform, as the price you choose determines how much you will be paid. But overall, their prices are pretty average due to the many return methods they accept. Using your credit card is cheaper than using other options like Skrill, as Bitpanda typically charges you in the region of 2 percent for credit card transactions, compared to 3.77 percent for most other payment methods.
Bitpanda is innovative in its authorization process and the amount of Bitcoin you are allowed to purchase depends on the authorization level you choose. The minimum level, which requires your phone number, allows you to buy 50 euros worth of bitcoins and a total of 600 euros per month.
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For verified accounts and government-issued ID cards, the user will have more control over daily and monthly sales volumes. A verified account can buy €2,500 worth of bitcoins every 24 hours, up to €75,000 per month using only a credit card to purchase.
The Bitpanda platform is very intuitive and easily managed by people who are well versed in the cryptocurrency industry. He has a very good attitude towards customer service. For a company that has been around for less than three years, Bitpanda seems to have a reputation that other companies that have been around for a long time could not.
The Bitcoin broker started in 2013 as a cloud mining startup, but has since become one of the most popular cryptocurrency exchanges in the world, offering easy payment options to its users. One of the oldest in the business, CEX.IO has extensive experience and has nearly half a million registered users on its platform.
Due to its openness to accepting high-risk payment options such as credit cards, CEX.IO takes additional measures to verify the customer’s identity before issuing a free transaction on the transition board. Once the user is verified, the process will be quick, as the customer will receive the Bitcoin immediately. Unlike other exchanges like Bitsamp, CEX.IO maintains its end of the trade by continuing to offer what is approved in Bitcoin trading. For example, if a customer wants to buy 3 bitcoins for $500 per bitcoin and the price is constant, that is what they will get at the end of the transaction, regardless of market volatility.
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It also has one of the best transaction volumes available at any price point. An unverified account can sell up to $500 of Bitcoin per day and $2000 per month. Certified accounts can trade up to $100,000 per month. The daily transaction volume is set at $10,000. If you want unlimited transaction power, verified accounts and corporate accounts are also available.
On the other hand, one of the biggest sources of pain for CEX.IO users is its trading fees and costs. CEX.IO sometimes charges 7% of the total amount you pay as a transaction fee. So if you buy $1,000 of Bitcoin, the amount you receive is equivalent to $930 in fiat currency.
It is one of the first exchanges to enter the cryptocurrency business registered in Luxembourg. Very popular among Bitcoin buyers who are restricted from other major exchanges due to their location, Bitsamp provides services worldwide. Bitsamp is a big name in the cryptocurrency exchange community because it has more experience in most aspects of market behavior.
Since Bitsamp accepts clients from different countries, the registration and verification process requires more patience from the user. To send a large number of transactions, checking accounts takes too long, the user interface can try.