Posted in:

A Guide on How to Buy Bitcoin With a Credit Card

© by Photo courtesy of Flickr

Nowadays, you can buy bitcoin with a credit card or directly from your bank account using your debit card. Buying crypto has never been more accessible, and more platforms are coming up each day to help you buy and sell bitcoin. Bitcoin has been around for almost 12 years now. Its value has been growing at a high rate during that period.

If you have been looking for ways or a guide on how to buy and send bitcoin, then you are in the right place. Here, we will discuss tips and steps on how to purchase bitcoin or any other crypto coin you may be interested in.

How to Buy Bitcoin With a Credit Card

Before you buy bitcoin with a credit card, you will need an exchange account. There are plenty of exchange platforms or websites on the internet. Peruse through each looking at the modes of payments it supports.

These days, most exchange platforms allow you to buy btc online with a credit card. Once you settle on one that ticks all of your boxes, you can sign up for an account. You will need an email address for the signup procedure. After creating the account, the next step is verifying your account.

You will need to upload a copy of your ID or driver’s license to start buying bitcoin after the account is verified and set up for your mode of payment. You can choose to purchase crypto with a credit card or buy bitcoin using visa.

Once you’ve set your preferred mode of payment, you are now good to go. You can start buying bitcoin straight from your bank account using your credit or visa card. The exchange platform will typically charge you a small percentage to cover the transaction charges.

If you are looking for a trustworthy exchange account, then look no further than Nakitcoins. This platform allows you to buy bitcoin with a credit card. Aside from that, you can use it as a crypto wallet to store your bitcoins or any other type of crypto you buy.

Peer-to-Peer Platforms

P2P platforms are somewhat similar to exchange accounts. However, when signing up on a P2P platform, you don’t need to verify your account. As such, your presence is anonymous and your transactions are a secret.

Peer-to-peer platforms will allow you to buy cryptocurrency instantly. The platform connects crypto buyers and sellers. Once you get matched with a seller, you can proceed and pay for the bitcoins and have them sent to your electronic wallet. The transactions are typically much faster since the system doesn’t spend time verifying them.

One point worth noting is to do your due diligence before signing up on any P2P websites. Nowadays, a lot of scammers are setting up crypto trading websites promising heaven on earth deals.

Bitcoin ATMs

Bitcoin ATMs have been an emerging trend in most major towns and cities worldwide. In fact, there are even bitcoin ATM locator tools on the internet that can help you find machines close to you.

The bitcoin ATM is connected directly to your electronic wallet, and it can allow you to buy bitcoin with a credit card or using fiat currency. Once the purchase is complete, the bitcoins are sent to your private electronic wallet.

If you’re struggling to find the right platform, be sure to check in on online crypto forums. Decentralized currencies -which bitcoin is part of- are the future. These days, most businesses are taking bitcoin payments. Crypto transactions are faster and cheaper compared to the current money systems.