To buy Bitcoin with credit/debit cards is nowadays been considered as one of the most popular methods if you decide and request to make purchases on Bitcoin. More is not known about this method because most people don’t consider it or even how it does operate. So, therefore, if you decide to buy Bitcoin with credit/debit cards, it’s better than you for you to know the different kinds of cryptocurrency exchanges to consider for storing your Bitcoin.
The reason why it’s advisable to buy Bitcoin with credit/debit cards is the consideration of its fast rate. Obtaining the cryptocurrency is been done very fast compared to the normal bank account exchange, which takes a while and inconvenient. Although, irrespective of the fact that Bitcoin purchase with credit/debit cards is quite cool, it does have its downfall. One major disadvantage is the high fees associated with the purchasing process.
What are the Procedures involved to Buy Bitcoin with Credit/Debit Cards?
Upon your sign up, you still have the chance to send in your ID to the cryptocurrency exchange you’re operating on as it is regulated by the government. But you need to be extra careful and that you’re sending your information to the right source so that your data will not be breached by another source.
Prior to the amount of Bitcoin you tend to receive, you’ll have to be aware because sometimes you might be hindered with exchange fees associated with the price of the Bitcoin depending on the type cryptocurrency you’re using. If you decide to sell your Bitcoin, you need to go to the right page where you can be able to make adequate transactions.
Types of Cryptocurrency Exchange Service for your Bitcoin Purchase
We will now have to state for you the several cryptocurrency exchanges which you can able to use to buy Bitcoin with credit/debit cards. So read further below and see how each of them is being used.
Bitpanda makes it very easy for users who recently signed up to make a purchase on the currency prior to the site. The cryptocurrency site offers different payment methods. The service fee for each exchange made using this cryptocurrency exchange ranges between 3-4% rates, and the time limit depends on the transactions were made.
You can visit the site by clicking here>>> Bitpanda
With the use of Bitstamp, your purchase is been done with just a low price compared to the other cryptocurrency services. So if you’re based in Europe, you don’t only have to make use of credit and debit card for your purchases, but you also have to purchase via a bank transfer and equally cash out your balance in gold. The service fee involved in this credit card processing of Bitstamp is about 5% and above. Depending on your verification level, you will be able to purchase different amounts of cryptocurrency.
Just click on this site >>> www.bitstamp.net and get started.
CEX.io is another cryptocurrency exchange that can be purchased with the use of a credit and debit cards. This service equally has a mobile app, and also a trading platform which you can be able to see when you visit the site. This service equally comes with a service fee of around 2.9%.
Just click here to follow the link >>> CEX.io
This is considered as one of the most popular Bitcoin exchanges in the world. If you want to sign up for this service as a starter, there is an easy and quick way for you to navigate to the interface. One other thing about your sign up process is that you’ll be required to upload your picture ID for confirmation of your account. But if you’re based in the US, you can only make use of the debit card for your purchases without the credit card. The fee rate of the purchase of this service is low at about 3.99%.
If you want to join this service, just click here >>> Coinbase
This cryptocurrency service is based in Israel but also active in some countries of the world and in some states of the US. One thing you need to bear in mind about this service is that you won’t be provided with a wallet where you could be able to store your purchased cryptocurrency. The only thing the service can do is to allow you provide your own wallet so as to send you the currency been purchased. The service rate of Coinmana is about 5% for credit and debit purchases.
You can be part of this service by clicking here>>> Coinmama
LocalBitcoins is considered as a very nice peer-to-peer alternative for your purchases on Bitcoin. Unlike other services, once you want to make any transaction on LocalBitcoin, the prices have been charged will depend on your willingness to sell your Bitcoins on a specified amount. So, therefore, irrespective of the fact that its service rate is just 1% fee, there is the probability of you paying a higher fee depending on the price on the part of the seller.
You can follow the official link by clicking here >>> LocalBitcoins
You can leave a Comment in the box below.