How to Buy Bitcoin with a Credit Card

How to Buy Bitcoin with a Credit Card

It goes without a doubt that buying bitcoins through the use of a credit card can tend to be confusing. To make it simple, buying bitcoin through credit card requires a middle person who specializes in the business. The only dilemma that erupts is who is legit and who is not. So as to help you buy bitcoin with a credit card without having to worry, here are some fast and easy ways to exchange that you should consider.

Coinbase

Coinbase is a bitcoin broker, considered the largest, and it operates in countries such as the United States, United Kingdom, Canada, Australia, Europe, and Singapore. Through this broker, you can purchase $150 of bitcoin each week. That is through the use of a credit card.

Coinbase will charge you when using your credit card to make bitcoin purchases. The charge is usually a flat rate of 3.75%. All you need to do is create an account with Coinbase and then on your account’s profile you add your credit card details. You will then need to do a verification of your ID with Coinbase. Once these steps are done, your account is ready to purchase bitcoin.

Coinmama

This is another type of middle-party that facilitates to buy bitcoin with a credit card. They tend to take a premium fee of about 6% as a consideration of the risks of dealing with credit card payments. They offer high limits of bitcoin that you can purchase in a day, about $5,000. The limit per month is $20,000.

Once you sign up with Coinmama and get your account verified, you can now make a purchase using your credit card and within a few minutes, you will have received your bitcoins. It is not a must that you verify your account but you need to know that accounts that are not verified have lower limits of bitcoin to purchase in a day or month.

CEX.IO

Another exchange you can use to buy bitcoin is the use of CEX.IO. It will allow you to purchase bitcoin through the use of a credit card. It is considered to be one of the oldest forms of bitcoin exchanges. CEX.IO operates in the United States, some South American countries and in Europe. The platform contains an extensive verification process that can take roughly half an hour to complete. Once verified, buying your bitcoin becomes instantaneous.

BitPanda

This is another bitcoin broker that is found in Austria and is limited to use by Europe residents only. BitPanda does not display the fees charged when using a credit card in public but it will appear in your account before you make your purchase. The range is normally 3-4%.

These are some of the best and legit methods you can use to buy bitcoin with a credit card. Stick to these exchanges but if you wish to use any other, make sure to de critical research. Most exchanges are typically a fraud trying to get access to your credit card details. You should also consider having a bitcoin wallet as most exchanges will need you to have one.