Buy Bitcoin with Credit Card
One of the best ways to purchase Bitcoin today would be through your Credit Card. This is because a Credit Card is very flexible when it comes to paying for things. There are a ton of payment methods that you can choose from in order to pay for Bitcoin but at the end of the day, it all comes down to convenience, and your Credit Card gives that to you. But using a Credit Card to purchase Bitcoin comes with a price, both literally and figuratively.
Credit Card for Bitcoin Websites
The websites that are listed above are exchange websites that sell Bitcoin for any payment method you can choose from, specifically they also sell Bitcoins for the use of your Credit Card.
Advantages in using your Credit Card to purchase Bitcoin
The biggest advantage in using a Credit Card to buy Bitcoin would only be the convenience in doing so. Everyone has a Credit Card nowadays, meaning everyone can purchase Bitcoin anytime they want! This is also one reason why exchange websites out there today make it their goal to add Credit Card payments as one of the options.
Using a Credit Card can be easy and really fast as long as you know how to do it. In order to make a Credit Card payment in buying Bitcoin, you must first register your card with the website that you want to purchase Bitcoin with. In choosing the right website, make sure that reputation would be the first on your checklist. The last thing we want is to register your card with a fraudulent website.
Disadvantages of using your Credit Card
Of course, we would always have disadvantages when it comes to using our Credit Card to buy Bitcoin. First would be the fact that it is far from being anonymous! You would need to share your Credit Card information over the internet just to purchase Bitcoin with it. If you are a person that likes to keep everything decentralized, you wouldn’t be reading this article today. If you are a person that doesn’t know that and wants to keep it “decentralized”? Then I advise you to stop using your Credit Card now.
The second reason to stay away would be high fees. In using a Credit Card, you would be charged from 3%-10% depending on the website that you want to purchase from. Lastly, some websites do not show how much you are paying for exactly but instead would show you the price per Bitcoin, inclusive of the fees.
- Fast Transactions
- Easy to use
- Low Privacy
- High Fees
If you want to purchase Bitcoins using your Credit Card, you need to make sure that you have spent a couple of days researching about the website that you want to transact with. Imagine the horror if you found out that your credit card company has charged you for something that you didn’t buy. I mean, you can dispute that charge but the feeling of being safe when shopping online doesn’t easily come back after an issue like that. Always know which websites can be trusted when it comes to using your Credit Card in buying Bitcoins.
And don’t forget, always have a wallet that you can store your Bitcoin in!