Purchase Bitcoins with Credit Card
Buying Bitcoins with credit card is an easy option compared to bank transfers or paying in cash. Credit card payments for crypto purchase are considered risky and hence not all exchanges and trading platforms accept it. Luckily, some of the trading platforms like Finex.me, Coinbase, Coinmama have made it easy for the buyers to purchase Bitcoins using their credit cards. But, considering the risk, there is still an upper limit to the credit card transaction amount for the cyptocurrency investment.
In order to buy Bitcoins from credit card, you need to filter trading platforms that offer services at your location. For example- Finex.me is a well known trading platform for Middle East and Coinbase offers its services in US, UK, Canada etc. Thus, choose a trading platform that is available, reliable and economic in terms of transaction charges. Crypto Exchanges like Kraken do not accept credit card payments, so do your research before setting up your trading account.
Coming to the process-
– You can open an account on a trading platform or exchange that has a good reputation, offers services in your area, and accepts Credit card payments.
– Link your card to your exchange account and directly place an order for purchasing the required amount of Bitcoins. But, do keep in mind that the transaction amount must not exceed the upper limit for Credit card transaction for the corresponding exchange or Bank.
-Transaction charges for credit card payments are higher compared to the other modes of payment for example- Coinbase charges 3.99% while Coinmama deducts around 6% on every Bitcoin purchase with Credit card.