Many payment methods that were not previously accepted while bitcoin was in its infancy are now accepted in 2022, making it easier than ever to buy cryptocurrency. Credit card payments are preferred by many investors because of their high level of security and ease of use.
This post will show you how to use a credit card to buy cryptocurrency and get started investing right now.
How To Buy Crypto With Credit Card – Step by Step
Buy Bitcoin and more than 20,000 other cryptocurrencies with your credit card on the eToro exchange. Binance and crypto.com are two more places to acquire cryptocurrency. On eToro, you may purchase cryptocurrency with a credit card by following these steps:
Step 1 Sign up for an eToro account.
Step 2 Fill up your personal information or connect your Facebook or Google account.
Step 3 Verify your account
Step 4 An official government-issued ID, such as a passport or driving license, is required for this step.
Use your deposited cash to buy your first cryptocurrency. Click “Open Trade” or “Set Order” once you’ve entered the coin’s name and the amount you’d want to spend.
Also Read: Crypto investment guide
Which Platform is Good to Buy Crypto with Credit Card
Here is the list of top platforms to buy Crypto with credit cards.
With the Crypto.com Visa card, you may use your wallet-held crypto to withdraw money from ATMs and Visa merchants throughout the world. A total of five levels of rewards and CRO stakes are available on the Visa card.
CRO awards may be earned by staking up to $400,000 USD worth of CRO.
Merchants may accept cryptocurrency payments using the service. Instant crypto loans of up to 50% of a user’s crypto holdings are also available. Additionally, on the platform, you may trade crypto on the spot and derivative markets, with margins as high as 10x your order capital.
Additionally, Coinmama is a crypto broker that accepts debit card transactions in addition to credit card transactions. More than 800,000 people from 190 different countries have signed up since its inception in 2013.
Bitcoin may be purchased using a credit or debit card up to a maximum of $15,000 USD each month once the account and card have been verified. If you have a validated credit card and an account, your daily maximum is 5000 USD. Level 1 verification, which needs a government ID and a selfie, has these restrictions.
A utility bill is required for level 2 verification, whereas a brief form is required for level 3. Coinbase, Bitstamp, and Binance all have lower fees than this exchange.
There are three major drawbacks to using this exchange to purchase Bitcoin using a credit card: it does not offer a hosted wallet; as a result, you will have to establish a wallet using a different platform.
Also Read: Top 5 Cryptocurrency under $1
A trading platform for cryptocurrencies, Binance was founded in 2013. Bitcoin, Ether, and other altcoins may be bought and sold on this platform. In addition to iOS and Android, the platform is compatible with a wide range of other devices.
It’s deposited into your Binance wallet after the transaction is complete. It’s an easy and secure way to keep track of your cryptocurrency.
An early adopter of digital asset trading, eToro was one of the first organizations to do so. Back in 2013, it started selling Cryptocurrency.
Because of its long history in the crypto sphere, it has established a solid reputation as a reliable platform. To celebrate reaching the milestone of 20 million users, eToro has been approved by the FCA, ASIC, and CySEC and admits traders from all around the globe, including the United States and the United Kingdom. eToro is governed by these three organizations.
The site provides an easy method to invest. Traders have access to the “Crypto” area of their accounts under the “Discover” section. At the time of this writing, there are 39 coins available for trade. The current price and movement of the coin in the previous 24 hours are shown in each coin listing.
To date, Coinbase has expanded to around 36 different nations throughout the globe, having launched in the United States in 2012. This exchange has a lot of liquidity, which is a big perk. According to internet evaluations, Coinbase users found the UI simple to use.
Coinbase supports debit card purchases of Bitcoin and other cryptocurrencies, but not credit card purchases. Because it is regulated, it is a popular choice for novice cryptocurrency traders in the United States.