The decision is made and you are going to buy Bitcoin and expect for its tremendous growth and popularity.
That is just a no-brainer that you should be ready to start the purchase with a credit card that goes easy and takes only a couple of minutes.
The Internet space offers a great number of websites convincing crypto enthusiasts to invest in Bitcoin using their resources.
However, at least for the very beginning, we advise newcomers to purchase crypto currency in the trusted platforms.
As an example, we provide you with a description how to buy Bitcoin with credit card on Coinbase.
1. Create a personal account.
Coinbase requires the regular procedure of registration with personal data. It is necessary to pass Identity Verification; otherwise, your account will be restricted. Make sure that your name is the same as on your ID!
2. Go to account settings.
Click on your name in the top right corner and select ‘Settings’ in a drop-down menu. After that at the top of the menu choose ‘Payment Methods’ and proceed with the button ‘Add Payment Method’.
3. Choose an option ‘Credit/Debit Card’.
In the list, you see three possible ways to make your purchase; these are via PayPal Account, Bank Account and Credit/Debit Card. If you’ve made up your mind to buy Bitcoin with credit card, here you go!
4. Enter card details.
The next step is to enter your credit card information that includes name on card, card number, expires, CVC number and ZIP code. Wait for the confirmation and be ready to buy crypto coins! Mind the fee (as it might be helpful to compare with other platforms).
5. Buy Bitcoins.
The card is successfully added and now you go to the buy page to make the purchase. Choose the currency and desired amount, (to be sure pay attention to the equivalent in fiat money) and click on ‘Buy Bitcoin Instantly’. Coins are fast delivered to your digital wallet!
When we talk about digital money, there is a lot of issues to be considered especially concerning trust and reliability. It is protected by insurance and the vast majority of the digital assets are stored in secure offline storage.
Coinbase is the world’s hugest Bitcoin broker, also offers services of an exchange and a wallet. What’s essential is that it is backed by trusted investors. They state that the crypto exchange has never been hacked. You buy Bitcoin with credit card easily using Coinbase!
The Binance platform follows in Coinbase’s footsteps. This crypto exchange has received a great recognition in the digital world as well. It does not require verification unless a withdrawal is less than two Bitcoins a day. The exchange offers higher trading limits than Coinbase.
Another advantage is a small fee; the platform charges 0,1% for all trades and there is no fee for deposit. Speaking about security, both platforms use two-factor authentication to protect your account. And if you want to buy Bitcoin with credit card, you get such an option at once on Binance as well!
Crypto enthusiasts are usually aware of all the traps and pitfalls in the world of digital currencies. It’s not that complicated to buy Bitcoin, but the profound question is what to do with it afterwards. And the only holder knows the proper answer for him.
Storing, trading, spending, donating…
Bitcoin is a new era in the financial world and the responsibility of its usage belongs to the very holder. Nevertheless, there’s one way to get the most comprehensible answers. That is learn more about Bitcoin!