Introduction – How to buy Bitcoin with Credit Card
In this article, we’ll discuss the three main methods that will help you to buy Bitcoin with credit cards. All the techniques are rapid, easy and simple to use. Bitcoin is a kind of virtual currency.
You can easily buy Bitcoins using a credit card. You can buy Bitcoin with credit cards from many methods such as Binance, Bitfinex, and Cex.io.
Summary of all the Methods
Bitcoin is a form of digital money that gives people full control of their funds. Bitcoins can be sent quickly anywhere in the world. Computers create Bitcoins by solving complex mathematical equations.
Using cash to buy Bitcoin is the most secure and fastest way. But for purchase Bitcoin using cash or debit/credit cards, you need to create a wallet for Bitcoins to store them. A desktop wallet is the best to store Bitcoins. A desktop wallet is very secured and user-friendly.
You can buy five more cryptocurrencies other than the Bitcoins using debit and credit cards through Binance. It was established in 2017. The name Binance is made up of ‘binary’ and ‘finance’. Though Binance is new in the market. It has excellent customer service and a fantastic UI. It provides users with all the latest trades and courses.
It is one of the largest cryptocurrency exchanges around the world. The US traders love to trade on Binance. The company has an excellent reputation in the market. You can purchase Bitcoin very easily using Binance. It is one of the fastest trade exchanges in the world. You need to upload a picture of your ID that is issued by the government, for verification purposes.
After the verification gets done, you can buy instantly purchase the Bitcoin. The fee for buying Bitcoins through credit cards is the lowest amongst all the other methods. The fee for buying Bitcoins via MasterCard and visa is only 2.5%.
- It has a great trading interface.
- The company has a great reputation.
- It is very safe to use Binance.
- It has high liquidity.
- It charges low fees from its users.
- It is very fast and simple
- It has excellent customer service.
- It is not easy to access for beginners.
- It does not have diversity in cryptocurrencies.
- It is not available in some countries.
- It can cause delays in the withdrawal of Bitcoins.
The company was established in 2013. Though it is available in some countries, only it has over 2 million users. You can easily and safely purchase Bitcoins from Cex.io, using credit or debit cards. The company has high liquidity, and it provides great security to its users. You can trade through the mobile app also.
It charges a 3.9% fee on debit and credit card transactions. You get your Bitcoins instantly after your purchase, in your Bitcoin wallet. But before the purchase, you need to verify your ID that is issued by the government. The payment option of a credit card is the most popular on Cex.io.
It is a registered company and has a good reputation in the trade market. The process of buying Bitcoins here is very easy and quick. You can buy many other cryptocurrencies on Cex.io. The withdrawal of Bitcoin is also very simple. It is available in many countries like Saudi Arabia, Vietnam, Libya, Nigeria, Qatar, Pakistan, and many more.
Pros & Cons of Cex.io
- It is easy, quick, and simple.
- It maintains high security.
- The company has created a mobile app for its users.
- There is no limit on withdrawals.
- The company has a good reputation in the marketplace.
- It has a high trading volume.
- It has a great customer support service.
- It charges comparatively high fees.
- There is no diversity in cryptocurrencies.
- It requires verification of ID.
- It is not available in all countries of the world.
It is the best option for those traders who have advanced knowledge in trading. The company charges very low trading fees from its customers. It was established in 2012. You can directly purchase Bitcoins on Bitfinex using debit or credit cards. You can buy many other cryptocurrencies, other than Bitcoins. It provides high security and privacy to its users.
It is recommended for those who are advanced traders. You need to verify your ID for trading purposes. For buying Bitcoins, you need to have a Bitcoin wallet to store than Bitcoin. It is a Hong-Kong based company. It has high liquidity. It offers advance trading features to its users.
It also accepts fiat currency. It is available in all the countries of the world, except the United States of America, Bangladesh, Kyrgyzstan, Bolivia, and Ecuador. It provides Knowledge-based customer support to its users. It has more advanced trading features in comparison to other exchanges.
Pros & Cons of Bitfinex
- It charges very low fees.
- You can trade in many cryptocurrencies.
- It is an advanced trading platform..
- It maintains high security.
- It has very limited payment options.
- The process of verification is very lengthy here.
- It is not available in all countries across the world.
Conclusion – How to buy Bitcoin with Credit Card
These days, with the upgraded technology, you can buy Bitcoin quickly anytime. It is hard to decide which method to use as the selection of each method solely depends on your suitability. Keep in mind that the transactions done in virtual currencies are subjected to market risks like, changing price trends, so it is only recommended to those who are prepared to take risks.
While selecting any method for buying Bitcoin with credit cards, make sure that the selected method has a good reputation in the market. The methods, as mentioned above, have an excellent reputation and are safe and secure for its users.