No doubt buying Bitcoin using a credit card is a little hard and confusing way. But we have no reason to worry; fortunately, some online platforms like Coinbase, CEX.IO, Etoro, Coinmama, and Bitlt have made this difficult task of mine much more accessible. As a result, you can buy Bitcoin instantly via your smartphone anytime, anywhere at home. Here, we will try to explain to you in detail what you need to know about Bitcoin exchange to buy Bitcoin instantly. Even if you’re interested in more detailed or straightforward information, you’ll find a guide on how to buy Bitcoin with a credit card. Which will ensure maximum security in your Bitcoin buying method? You’ll be glad to know that millions of customers who purchase Bitcoin using credit will discuss the tight security, low fees, fast processing, and excellent reputation of those exchanges. Let’s discuss in detail the exchange facilities and processing methods of those leading online platform.
Summary of buying Bitcoin with the credit card method
You can purchase Bitcoin by using your credit card credit directly from your bank account. The advantage of buying coins with a credit card is its fast processing speed and high-security system. However, there are some disadvantages to the long-term identity verification method and high fees. The following are some of the guidelines that are required to purchase Bitcoin using any platform credit card.
- Fist, go to the Bitcoin marketplaces through which you are interested in buying Bitcoin and create an account.
- The second step is to verify the account with your legal information.
- In the third step, you attach your credit card, through which you will pay.
- Last you go to “Bitcoin” and choose to buy the Bitcoin you need. And meanwhile, you can get Bitcoin directly in the wallet of the Bitcoin marketplaces on which you have created an account.
Purchase way of Bitcoin from CEX.io
CEX.io is a top-rated Bitcoin purchasing service around the world. This cryptocurrency exchange service has been in operation since 2013 and still serves 2 million people with fidelity. The site provides a brokerage service and a complete trading platform. CEX.io provides cable services to many countries worldwide, including South America, the United States, Europe, and several countries in Asia.
Pros: Experienced company, high purchase limits
Cons: towering exchange rates than the competition; confirmation can be gradual.
Purchase way of Bitcoin from Coinmama
Coinmama is the most popular and secure way to buy Bitcoin via credit card. It has been going through the specialization service of buying Bitcoins via credit card since 2013. You can purchase $1 million worth of Bitcoin by paying a premium fee from a verified Coinmama account. Their most significant advantage is that your purchased Bitcoin is delivered to your account instantly and provides high security.
Pros: Good facilitation, honorable company, rapidly service
Cons: confined in the United States
Purchase way of Bitcoin from eToro
eToro offers a variety of cryptocurrency services for low fees, among other Bitcoin buying services. Its cryptocurrency service is regulated exchange, wallet, and CFD services. You can buy through eToro using only filial currency i.e., EUR, USD, etc. However, you will not get the benefit of withdrawing actual coins from eToro.
Pros: fewer fees, user amicable
Cons: can’t get the advantage of withdrawing actual coins.
Purchase way of Bitcoin from Bitpanda
The Bitpanda company was founded in October 2014, located in Austria. With Bitpanda, you can buy Bitcoin using a credit card for 3-4% fees. Through this company, you can be using a credit card, SEPA, Skrill, Neteller, etc. However, Bitpanda only provides services in European countries.
Pros: comparatively low fees, various payment method
Cons: only use in European countries.