Buy Bitcoin with a credit card
Do you want to buy Bitcoin with a credit card?
The first step is knowing where you can find the best companies who provide this services. You also need to know the reputation of the platform.
You should have other questions like What's the exchange rate? How many fees will I have to pay? How long am I going to have the funds in my wallet? Is it secure?
Buy Bitcoin with a credit card on CoinMama
CoinMama: With this website, you can use your credit card to buy Bitcoin and Ethereum. This exchange has over 200,000 satisfied customers. The platform accepts Visa and Mastercard, the most popular on the market.
The fee for Coinmama is 7.85% and the processor of the transaction add another 5%. You need to think if you want to pay around 13% fees with your credit card.
Furthermore, the minimum you can buy is 60$ USD on this platform.
On the website BitTrust, the score is 2.48% for Coinmama.
Buy Bitcoin with a credit card on CEX
CEX: You can buy up to 500$ with your MasterCard of Visa with the basic account. The transaction will cost you 3.5% + 0.25$ USD in fees, don't forget you need to get your account verified.
When you create your account, you can activate the 2-factor authentification with Authenticator. You need to be at least 18 years old to validate your credit card. You first need to take a selfie picture with your credit card. Then, a picture of your driver license, or any other card with your face on it, and your credit card.
The website explains in detail how to get validated before you can buy cryptocurrency with your credit card. What is cool, you can buy Bitcoin and Ethereum.
My credit card got confirmed in less than 1 hour. I deposited 20$ USD into the platform. I bought some BTC on the market with 0.20% transaction fee.
When you create a new account, you need to wait 48 hours to transfer what you bought.
Before you can submit your fund to your wallet. You have to validate it as well. You have to provide your driver license or passport and enter your personal information like your name, and residence proof. Also, need to submit a selfie with your driver license, and a photo of both sides of your driver license.
The validation process can take over 24 hours, be patient.
My account is verified, now I can buy Bitcoin with my credit card. Last one thing you need to know, the transaction fee cost 0.0005BTC.
I did the transfer to my wallet, and the server sends the BTC in less than 5 minutes.
On the website BitTrust, the score is 3.08% for CEX.