If you’re looking for an easy and convenient way to kup bitcoin, using a credit card is one option. But, it’s important to know the pros and cons of buying crypto with a credit card before you make any purchase.
Several major credit card issuers have banned cardholders from using their cards to purchase cryptocurrency. This is due to the volatility of cryptocurrencies and fraud risk.
1. Cryptocurrency exchange Coinbase
If you’re looking to buy bitcoin with credit card, Coinbase is a great choice. It’s a popular exchange, it’s easy to use and it’s regulated.
It also offers a range of features that make it easier for newbies to understand the platform and its functionality. It also has a strong support team that’s available 24/7 via live phone calls.
Once you’ve signed up and verified your identity, you can link a bank account or credit card to your Coinbase account. Then you can access a digital wallet that stores your crypto.
2. Cryptocurrency exchange BitPanda
BitPanda, formerly known as Coinimal, is a popular exchange that allows users to buy cryptocurrencies using credit and debit cards. It has a wide selection of cryptocurrencies and offers an easy-to-use interface and competitive fees.
However, its user verification process can be long and confusing for some traders. Furthermore, it only accepts European residents and requires them to complete the Know Your Customer (KYC) process.
In addition to cryptocurrencies, BitPanda also allows customers to invest in precious metals such as gold and silver. These physical assets are physically held in secure storage in Switzerland at no additional cost.
3. Cryptocurrency exchange Bybit
Bybit https://www.bybit.com/en-US/ is the world’s largest crypto exchange, and it offers a wide range of payment options. This includes credit card purchases, but some card issuers and payment networks block these transactions.
Users also have the option of buying crypto with a bank transfer or e-wallet. These methods typically incur lower fees than credit cards, but they are slower and less convenient.
Fortunately,Bybit lets users buy crypto instantly with debit or credit cards without any fees. To do this, sign up or login to your account and choose the crypto you want to purchase.
4. Cryptocurrency exchange Bittrex
If you’re looking to buy bitcoin quickly, Bittrex is a great place to do it. Its Instant Buy feature makes it possible to buy a wide range of leading cryptos using credit card or money already in your account.
It also offers a good range of order types, including ladder limit orders, which let you buy or sell multiple coins at once. These orders stay active until cancelled by the user or Bittrex.
In addition to this, Bittrex offers a number of security features to protect its users’ assets. These include cold storage and digital asset insurance policies. It also has options for two-factor authentication and profile verification.
5. Cryptocurrency exchange Coinmama
If you want to buy bitcoin with credit card, Coinmama is one of the best options. The exchange offers a simple transaction process and has high security standards.
The exchange allows customers to buy crypto using credit cards, debit cards and bank transfers. It also supports Apple Pay and Google Pay thanks to its collaboration with those gateways.
However, Coinmama charges a fee of up to 3.9% for buy transactions and up to 0.9% for sell transactions. The fees are reset on a cyclical basis, based on the customer’s preferred payment method and the level of verification.
The exchange also offers high spending limits, which make it easier to purchase large amounts of crypto. In addition, its safety features close the gaps between buyers and sellers, making the platform less susceptible to hacking.