How to buy Bitcoin with your credit card with no hassles
Here’s everything you need about buying Bitcoin with your credit card without any issues.
Have you wanted to buy Bitcoin with credit card but don’t know where to start? This article has got you covered.
Buying Bitcoin with a credit card was not a piece of cake before. But with growing exchanges like Coinswitch, this process has become extremely smooth.
Before we get into the process, here’s what you need to have beforehand.
- A Bitcoin wallet. Most exchanges require you to have a Bitcoin wallet so this step is essential.
- Exchanges that allow you to buy BTC with your credit card
1. CoinSwitch
This large cryptocurrency exchange allows you to purchase BTC with your credit card with no hidden fees and has a pretty easy verification process. All you need to get started is a Bitcoin address. If you don’t have one, CoinSwitch will redirect you to its recommended wallet for different crypto coins to help you set it up.
Pros
- Works in most countries
- No hidden fees
- 24×7 online support
Con
- You can only purchase 4 crypto coins including BTC with your credit card.
2. Coinmama
This Bitcoin broker allows you to purchase Bitcoin with a credit card or a debit card. You may be charged a 6% fee of the rest and processing fee that happens with credit card payments. Coinmama allows you to purchase $5000 worth of Bitcoin per day and $20,000 of Bitcoin per month. You will only be allowed to make a purchase once your account is verified. Coinmama is only available in certain US states.
Pros
- Works in most countries
- Highest purchase limits with credit card
- Reliable and trusted
Con
- Processing fee is very high
3. Luno
Luno allows European users to purchase Bitcoin with credit card. Luno offers very low fees compared to Coinmama.
Pros
- Trusted exchange
- Free deposit
- Low withdrawal fees
Con
- Luno’s wallet service is not recommended
Process of buying the Bitcoin with your credit card
The process of buying Bitcoin is produced straight forward and similar in almost all exchanges.
STEP 1: …
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