February 26, 2021

How to buy Bitcoin with a credit card: The most popular exchanges

How to buy Bitcoin with a credit card: The most popular exchanges

Bitcoin is an attractive digital token for an average person, but people usually don’t know how to use it. A lot of methods of making a purchase of this digital token exist, but the most useful of them is using a card. What you need is to register on the special platform and perform transactions.

How to buy Bitcoin with a credit card: The most popular exchanges

Previously, this task wasn’t so easy. Now, services that allow changing widespread fiat money to Bitcoin propose different options. So, choosing the most suitable is possible for everyone who wants to use them.

First, you have to generate or buy a special wallet because some exchanges require it. After that, choose your exchange and get digital money.

Coinbase

How to buy Bitcoin with a credit card: The most popular exchanges

This is a very famous cryptocurrency exchange that has very big popularity in every part of our planet. Purchasing all popular cryptocurrencies is made possible here. The commission is about 4 percent. It looks like too much but compared with all existing exchanges this commission is very attractive.

What steps do you need to make if you want to purchase this cryptocurrency on this platform?

  1. Fill out a simple form to create an account.
  2. Connect the card to the account. It won’t take much time.
  3. Check your ID. Before you buy cryptocurrency, you need to confirm your account.
  4. Buy.

Follow these very easy steps to get your coins.

Let’s describe the advantages:

  1. It has high liquidity and operation limits.
  2. It is an easy method of buying Bitcoin even for people who have not done it before.
  3. You are able to purchase cryptocurrency instantly.

But this exchange also has some disadvantages:

  1. You need up to 5 days to perform a transaction.
  2. It isn’t an anonymous method.

Coinmama

This is a company that proposes an opportunity to buy Bitcoin using a card. The commission varies from 4,9% to 5,9%. This difference between commissions is caused by risks and commissions for performing payments with cards.

The limits are high enough – 5,000 dollars per day and 20,000 dollars a month can be spent on this coin.

The main disadvantages of this cryptocurrency broker are:

  1. It is available only in a limited number of states.
  2. It has significantly high commissions among Bitcoin brokers.

At the same time, this is a reliable organization that has the highest limits for purchasing cryptocurrency.

CEX.io

CEX.io can be called the most long-established exchanges known in whole the world. You will be pleasantly surprised by the commission that is only 0,2%. A lot of people trust this site. The reputation among traders and investors is really great. However, you need to pass verification. This is a very long and inconvenient process, but it guarantees that you won’t find a scammer.

Also, if you want to buy cryptocurrency with pounds, you should understand that this is an illiquid market.

Summary

You are able to choose every cryptocurrency that you want to buy. Not only Bitcoin has these advantages, though, so you’d better diversify your investment portfolio with different cryptocurrencies. Also, you can choose the cryptocurrency exchange that is really suitable for you.

You can buy different tokens, trade them, and get a great income. Also, the verification process isn’t very hard.

We advise you to withdraw some coins to your personal wallet. It is more anonymous and safe. The Coinbase wallet isn’t really yours. We can say the same about all other cryptocurrency exchanges. Your coins are your responsibility, always remember this.