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Best Places To Buy Bitcoin With A Credit Card
Buying bitcoins with a credit card used to be a challenge. Gratefully, that’s no longer the case. Spil more and more BTC exchanges open for business and contest to attract customers, the process has become lighter than everzwijn. If you have a Visa or MasterCard, regardless of whether it’s a debit or credit card, you can lightly purchase bitcoins and other cryptocurrencies.
Which BTC exchanges are reputable? Which ones are the most promising when it comes to buying bitcoins with a credit card?
Update – Credit Cards Blocking Crypto Purchases February 2018
Actually they are treating them like metselspecie advances with Fat fees and daily accruing rente.
Effectively killing credit card purchases…
If you are still undeterred, and your credit card permits it here’s a quick glance at the “best te class” ‘bitcoin credit card brokers’ where you can use credit to buy bitcoin.
Wij’ll voorkant them te detail below. I’ll highlight the pros and cons of each service, and point out what to look for when you test drive them.
Before wij get there, however, let’s talk about how to select a credit card-friendly bitcoin exchange. The factors wij’ll voorkant ter the following section are the ones that’ll prove to be the most meaningful when you’re ready to buy bitcoins with a Visa or MasterCard.
How To Choose A Credit Card-Friendly Bitcoin Exchange
Just because a BTC marketplace accepts credit cards doesn’t mean you should buy bitcoins there.
Some exchanges have lax security measures, which means your bitcoins and individual information will be at greater risk.
Others fight with liquidity problems. At thesis sites, it’s not uncommon to wait for days before your purchase orders are packed and your bitcoins are delivered.
Still others offerande little to no customer support. And when you DO receive a response from a support rep, it’s often unhelpful.
You don’t need to lodge. There are several terrific, credit card-friendly BTC exchanges that excel te all of the crucial areas. I’ve made it effortless for you by profiling the best of the veelzijdig below. But you should still be casero with the attributes that represent a legitimate bitcoin exchange.
Have you everzwijn seen news headlines claiming that “Bitcoin wasgoed hacked”? Thesis type of headlines are very misleading. While Bitcoin is frágil to cyberattacks ter theory, its exposure is minimal thanks to how the blockchain works (a topic for another time).
What actually happens is that BTC exchanges are periodically targeted and hacked. Ter fact, the thickest exchanges te the world are subject to daily attacks. This is the reason security is so critical.
At the very least, you want to see 2-factor authentication (2FA). It’s also a good sign if the exchange can vertoning evidence that it keeps a large portion of BTC ter cold storage.
If the exchange has a history of leaks, run the other way and don’t look back.
Before you commit yourself to an exchange, take a look at its order book. Look closely at the volume of buys and sells. The greater the volume, the greater the liquidity.
Why should you care about liquidity? Because it influences the speed at which your trades are packed. That means it affects how quickly you can obtain the bitcoins you want to purchase.
Moreover, greater liquidity means lower price volatility ter response to trades. It’s like purchasing 1,000 shares of Amazon’s stock. Your purchase won’t affect the stock’s price. But attempt purchasing 1,000 shares of a thinly-traded stock of some puny, unknown company. You’ll see the price rise te response.
That’s a liquidity problem.
Each of the six BTC exchanges profiled below boast a loterijlot of volume, and thus slew of liquidity.
This proceeds to be one of the most overlooked aspects of choosing a reputable Bitcoin exchange that accepts credit cards. It’s effortless to dismiss the role of customer support te liking a positive practice buying bitcoins. It’s only when wij need questions answered or issues resolved that its importance becomes clear.
All legitimate BTC exchanges suggest responsive, helpful support. Their reps react quickly rather than making you wait several days for a response. And they help to streamline the process of purchasing bitcoins rather than just sending out futile, unhelpful form-letter responses.
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That’s significant because most exchanges have protocols ter place that red-flag accounts and freeze customers’ funds for various infractions. If your account is flagged, knowing that you can reach out to a support rep and get the matter resolved te a timely style is a major sperzieboon.
Ease Of Use
Stick to bitcoin exchanges that even a first-timer will find effortless to navigate. If a novice can negotiate the exchange’s webpagina, someone who is already accesible with buying bitcoins with credit cards is unlikely to have problems.
Keep te mind that just because an exchange is effortless to use doesn’t mean it’s light on advanced features. The best BTC exchanges package all of their features te a seamless, intuitive toneelpodium.
You have enough options today for buying bitcoins that there’s no reason to make things more difficult than necessary.
Fees And Commissions
All exchanges charge fees. That’s how they stay te business. So realize ahead of time that you’ll pay them whenever you buy bitcoins with a Visa or MasterCard.
The trick is finding reputable BTC exchanges that charge reasonable fees. (Don’t worry. I have this covered for you below.)
At most exchanges, the more you trade, the lower your fees will be. High-volume traders generally pay lower fees spil a percentage of each transaction than the occasional buyer. Keep te mind, the volume of trades you need to place to be eligible for lower fees is usually high. And trading, of course, comes with risks.
If you just want to buy bitcoins every now and then, it’s significant to find exchanges that won’t gouge you (see my list below).
Most people who are interested te cryptocurrencies buy them on a petite level. For example, they might buy 0.50 bitcoins every merienda ter a while (at today’s prices, that’s still auténtico money).
But let’s say you’re a big buyer, and want to purchase 20+ bitcoins at a time. At today’s prices, that’s overheen $80,000. Given that amount of money, you can understand why many BTC exchanges would balk at such transactions.
Most exchanges impose purchase boundaries on customers, especially upon those with fresh accounts. Some exchanges have frustratingly low thresholds. They’re especially cautious, and want to see a solid history of trades, along with ID verification, before they raise their customers’ boundaries.
Other exchanges have higher boundaries, even for fresh accounts.
If you’re buying petite amounts of bitcoins every now and then, the thresholds are unlikely to be a problem for you. Even so, you still want to see them rise overheen time if your account remains ter good standing.
The more payment options, the better. After all, who doesn’t like plasticity when it comes to buying bitcoins?
There’s a fair bit of variance inbetween BTC exchanges te this area. Most of them welcome the use of major credit cards. You can even use a debit card spil long spil it displays the Visa or MasterCard emblem.
The upside of using a credit card to buy bitcoins is that trades are ended quickly – usually spil soon spil verification and delivery of funds have gone through. Having said that, there are downsides. For example, it’s difficult to remain anonymous when you use a credit card with your name fastened to the account.
Several of the top BTC exchanges accept canap transfers, Paypal payments, and even specie. But for the majority of folks, credit cards represent the simplest and most convenient method for purchasing bitcoins.
There’s no justifiable reason to buy bitcoins with a credit card from disreputable or untested exchanges. Doing so imposes too much risk. Recall, you can just spil lightly purchase bitcoins from legitimate exchanges that have bot around for years.
How do you find out the reputation of a given BTC marketplace? Read reviews. I’ve included comprehensive reviews of the top bitcoin exchanges.
Don’t just assume a given exchange is trustworthy. The sad fact is, there are a lotsbestemming of scams out there. I’ve reviewed the best exchanges to save you the trouble and heartache.
Top 6 BTC Exchanges To Buy Bitcoins With A Credit Card
You now know what to look for ter an established, reliable bitcoin exchange. The factors above are the ones that’ll determine your practice buying bitcoins – positive or otherwise.
The good news is that I’ve done strenuous lifting for you. You don’t have to spend time vetting each exchange you find. If you intend to buy bitcoins with a credit card, I recommend that you stick to the following six services.
#1 – CoinMama.com
At CoinMama, you can lightly buy bitcoins with Visa and MasterCard, or metselspecie. They specialize te facilitating trades with credit cards, but you can use services like Película del Oeste Union if you choose.
I like CoinMama because transactions are finished quickly, they suggest high boundaries (with ID verification), and provide solid support. On the downside, their fees are a bit high (6.75%) and they don’t conduct business ter select states te the U.S. (albeit they DO conduct business te overheen 220 countries).
#Two – CEX.io
I love CEX. Not only are they a superb toneelpodium for buying bitcoins with credit cards, but they suggest a ton of liquidity, impose reasonable fees (Trio.5% + $ 0.25), and process purchase orders instantly. They also offerande 24/7 support and high boundaries for verified accounts.
CEX has bot around for years, having launched te 2013. It certainly has a history, and a solid reputation.
#Three – BitPanda.com
If you use a credit card to buy bitcoins at BitPanda, you’ll find that the fees are minuscule (they’re higher if you’re using an e-wallet like Neteller). But it’s significant to realize that the efectivo toverfee is actually contained te the purchase price.
The user interface at BitPanda is slick. You’ll have no trouble finding your way around the webpagina. And you’re unlikely to have problems buying bitcoins with a credit card. Ter the event you don’t want to use a credit card, you can use several other options.
The downside, at least for mij, is that BitPanda doesn’t operate ter the U.S. But if you live ter the UK or EU, certainly check them out.
Read my total BitPanda.com review here.
#Four – Xcoins.io
Using a Visa or MasterCard to buy bitcoins is elementary and effortless at Xcoins. You can also use Paypal if you choose (tho’ there are some risks associated with that route).
One of the many things I like about Xcoins is that transactions are ended almost instantly. This is possible thanks to the exchange’s secured lending podium. Moreover, lenders challenge for your business via low fees and nimble terms.
There wasgoed some controversy several months ago when it wasgoed reported that Xcoins had bot hacked. But all monies were returned to customers. Additionally, the hack wasgoed a wakeup call for Xcoins, who undoubtedly strengthened their security protocols to prevent such breaches te the future.
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Read my utter Xcoins.io review here.
#Five – SpectroCoin.com
If you have a credit card, you’re te business at SpectroCoin. You can lightly buy bitcoins after a elementary, quick account registration and verification process.
One of the distinguishing features of SpectroCoin is that you can get a prepaid debit card to use at the point of sale at millions of merchants around the world. You can also use this card to withdraw contant from millions of ATMs. (Note, the debit card isn’t available to U.S. customers).
SpectroCoin’s toverfee structure is a little high (Five.5% for credit card transactions). But they operate around the world, and suggest a number of customer support options (including a phone number!).
#6 – Coinbase.com
Of all the credit card-friendly bitcoin exchanges out there, Coinbase has one of the best reputations. They’ve bot around for a long time (2012), and have legions of pleased customers.
Coinbase charges relatively low fees (Trio.99% on credit card transactions), and boasts a user interface that’s elementary even for beginners. They also opoffering U.S. customers a debit card. It’s called the Shift card, and can be used anywhere VISA is accepted. That means you can use it to withdraw specie instantly at millions of ATMs. (Note, the Shift card isn’t available ter a few states due to regulatory issues.)
One of the downsides of using Coinbase is that they impose low boundaries on fresh accounts. But it’s often possible to get them to raise those boundaries, particularly if your account has a bit of history. And you’d be hard pressed to find a BTC exchange with a better reputation.
Spil noted earlier, it has never bot lighter to buy bitcoins with a credit card. Just make sure you stick to reputable exchanges that have bot meticulously vetted. To that end, I can confidently recommend the six BTC exchanges I’ve profiled above. They boast ems of thousands of sated customers who have bot buying bitcoins without problems for years.