How To Buy Bitcoin With Credit Card?
Best CryptoCurrency Exchanges To Buy Bitcoin (BTC) With A Credit or Debit Card
Various cryptocurrencies including Bitcoin can be bought or sold using different methods. Even the cryptocurrency exchanges facilitate the bitcoin trade and here we will discuss the best cryptocurrency exchanges from where you can buy and sell bitcoin using a credit and/or a debit card.
COINMAMA
CoinMama is one of the first U.S.-based cryptocurrency exchanges offering flexible means to buy bitcoin. It offers easier payment options for its customers. It offers Bitcoin purchase via the Western Union apart from credit and debit cards. It enables the buying of Bitcoin in high volumes. Every month, the unverified accounts can purchase up to $150 worth of BTC while the verified accounts can purchase up to $20,000.
PROS
CONS
It is one of the oldest and reputable companies
It offers limited service and is only available to the U.S. residents as of now
It offers speedy services along with simple verification process It offers un-definable customer support
COINBASE
Coinbase is the world’s largest Bitcoin (BTC) broker. It comes with very stringent security protocols. It holds all of its Bitcoins along with the other cryptocurrencies in a truly offline vault requiring their staff to physically go and tap for the daily transactions on the platform. Currently, it accepts payments for BTC from 33 countries. It allows the registered buyers to make an instant purchase of $150 each week and after full verification the buyers can buy bitcoin up to $1000 each week using credit cards..
PROS
CONS
It offers user-friendly interface suitable for all types of buyers
It offers limited service and is only available to 33 countries
It offers lowest fees
It is not that efficient in resolving customer complaints especially with the suspended accounts
It bears a huge reputation
BITPANDA
It is an Australian-based startup offering a wide range of the payment options apart from credit or debit card such as Skrill, SEPA and Neteller. They offer mid-ranged fees owing to an array of the accepted chargeback modes, while the fees for the credit cards is usually less than the other options. It charges 2% region of a credit card transaction. The amount of bitcoin you buy depends on the level of verification you choose. It varies from 50 Euros to 600 Euros per month (for low level verified customers) and upto 75,000 Euros a month for the completely verified ones.
PROS
CONS
It is a highly reputable and reliable broker
The Bitpanda fees are not displayed separately but remains hidden within the bitcoin price
It offers lowest fees on the Credit and/or Debit Cards
It offers limited service and is only available to European citizens as of now
It offers on-time and uber customer service
CEX.IO
CEX.io is a bitcoin broker initially started as a cloud mining startup. It accepts high risky payment options like the credit cards and undergoes a rigid verification of each customer before they can transact freely on the platform. The purchased bitcoins instantly gets transferred to the buyer’s wallet. There is no extra hidden charge and promises to deliver the agreed upon bitcoins to its customers.
PROS
CONS
It offers its services to a wide variety of countries unlike many other crypto exchanges
The fee levied is very high
It is one of the oldest companies and holds the best reputation in the industry It offers pretty high buying limits for bitcoin while the corporate accounts can purchase unlimited Bitcoins
BITSTAMP
It is a Luxembourg-based cryptocurrency exchange and extends its services worldwide. The users will need to have extra patience as its registration and verification takes a little longer owing to the worldwide service offering. It processes the credit and debit card payments via Simplex, the similar service that CoinMama uses.
PROS
CONS
It accepts credit card payments along with several other payment options
The fee levied is very high
It holds the best reputation in the industry
Verification process is much slower than usual and can be tedious
It is serviceable to customers located all over the world
The platform is not that userfriendly
247EXCHANGE
247Exchange is a worldwide cryptocurrency exchange offering brilliant customer support. It offers a very low amount on the user’s accounts before they start buying bitcoin.
PROS
CONS
It offers worldwide service
The fee levied is very high
It provides prompt customer support and considered one of the best in the industry
Verification process is much slower than usual, glitch-full and is tedious
LOCALBITCOINS
LocalBitcoins is a peer-to-peer (P2P) cryptocurrency exchange and aids people to buy bitcoin easily online. It accepts credit card payment along with other wide range of payment methods such as PayPal. Wire transfers, gift cards and local bank deposits. It keeps the transactions anonymous and would not ask you your personal information.
PROS
CONS
It maintains strong verification of all the payment methods including credit cards
The users need to opt for escrow as there are high risks of fraud
It lays out very attractive prices
The procedure could be a little tedious
It is serviceable to customers located all over the world
Thus, it is clear that there are a lot of various ways with which you can buy or sell bitcoins. It is completely up to you which way you must go to acquire your Bitcoin or sell your bitcoin. You must choose the best way comparing the pros and cons of the crypto exchanges before trading bitcoin. It is also recommended that you adopt extra care while entering your credit card or debit card details online. You must in no time stop any transaction in case you are suspicious about anything, else you could be defrauded and would be hard to retrieve the stolen cryptocurrencies.
