One of the oldest questions connected with cryptocurrencies is “How can I buy them❓”. In this post, we will tell you everything you need to know in order to buy crypto with a credit card 💳. Spend two minutes of your time, and you’ll be ready to get your first (or not?) tokens. After all, the whole procedure is relatively simple…
In general, if you’re familiar with how your local bank 🏦 transfers work, then you’re already halfway there, and buying bitcoin will be just a little more complicated for you. The options we will look at are bitcoin exchanges and trading services that let you buy cryptocurrencies with a credit card. We won’t publish a list of services like CoinBase (one of the oldest crypto platforms on the internet) eToro or LocalBitcoins, as they can be easily found on the internet, but we will focus on another side of this question: “How to choose one service amongst all these platforms?”.
The first step here is to consider what type of service you’re looking for. There are peer-to-peer exchanges, bitcoin brokers, and open exchanges, and each has its own pros ➕ and cons ➖. You can easily find a number of various services, which will correspond to your needs. But what you really have to keep in mind, when choosing a service for crypto purchasing is:
Transfer limits. You might find yourself with low transfer limits initially, rising over time as you make more transactions;
Credit card surcharges. A 1-2% credit card surcharge on top of any other fees and commissions is considered to be normal in these services, look into it;
Currency exchange fees. Always double check, how much you will be charged for credit card currency conversion rates;
The whole process. Generally, it’s a good idea to read FAQ or watch explanation video. When you understand how the service works, it’s getting much simpler to use, right?
So after all, it might be worth shopping around and checking the fees at different cryptocurrency services, as well as to look for a 0% foreign fee credit card, that might be useful for cutting costs. Buying cryptocurrency with a credit card can sometimes be complicated, but as we know, it’s worth it.
And don’t forget that crypto world nowadays is a rapidly changing market. Therefore, it’s so important to learn from experiences of true professionals in that space. Don’t miss your chance to hear from the famous experts sharing their experience, get your ticket to CRAC 2018 now!