Buy bitcoin with credit card

[Linkkoin]

What's the difference between buying Bitcoin from a crypto exchange and from a crypto wallet (except fees)?

If you can buy crypto - it is always exchange/market. Depending from exchange, you might have your own wallet address assigned to you only, or shared with some other users. On some exchanges as well you may be allowed to receive crypto transfers from other wallets (just like on a typical wallet), while on other exchanges you can just buy Bitcoin online and send it to another wallet.
 

[Linkkoin]

Thank you! In terms of security, I guess it's safer when that wallet address is assigned to me only. Am I right?

It is not actually about the safety itself but the fact, that with some cryptocurrencies in such cases there is needed an additional transaction ID to identify your funds.

If a person sending you crypto will not add it, either someone else sharing that wallet might get this crypto (instead of you), or it will be unallocated and you will need to contact support to get your crypto back, what in worst scenario can last for whole weeks.

Safety is more related to the website itself, hackers are hunting for all the types of wallets, especially online ones...

This is why we as a crypto exchange always tell all of our customers - once you buy crypto with us, make use of it as soon as possible after purchase (like sending to your own cold/hardware wallet), not to store it anywhere online for longer than necessary.
As well this is the reason why exchanges themselves do not store most of their funds online but in safe offline wallets or use advanced safety systems to avoid losing their customer and own funds.

Everyone learnt their lesson from 2014 Mt Gox hack.

[atjiat]

It is not actually about the safety itself but the fact, that with some cryptocurrencies in such cases there is needed an additional transaction ID to identify your funds.
If a person sending you crypto will not add it, either someone else sharing that wallet might get this crypto (instead of you), or it will be unallocated and you will need to contact support to get your crypto back, what in worst scenario can last for whole weeks.
Safety is more related to the website itself, hackers are hunting for all the types of wallets, especially online ones...
This is why we as a crypto exchange always tell all of our customers - once you buy crypto with us, make use of it as soon as possible after purchase (like sending to your own cold/hardware wallet), not to store it anywhere online for longer than necessary.
As well this is the reason why exchanges themselves do not store most of their funds online but in safe offline wallets or use advanced safety systems to avoid losing their customer and own funds.
Everyone learnt their lesson from 2014 Mt Gox hack.

Is it really a matter of large volumes of bitcoin, then of course, hackers will hunt for the owner of this wallet and use any opportunities to gain access to funds.  But in other situations, when buying small volumes of Bitcoin, as well as other cryptocurrencies using my credit card, when using certain exchange resources, I don’t see much danger if the user protects his online wallet well.  The main thing is that this wallet should be, for example, on the blockchain info, and not in the account of some exchange.

[Darooghe]

hi,
is someone accept credit card as payment option for trading, I will like to buy bitcoin

When using mainstream exchanges like Coinbase you can be rest assured your funds are safe. However, they do have some restrictions and KYC sometimes takes ages. Even with a verified account they will hold your funds for 30 days and your value will drop most likely. whoever suggests coinbase isn't experienced. Thus, i think the easiest and safest way is just to use Binance, which takes Visa and Mastercard, and only 10–30 minutes to get your BTC once purchased.

[bitbunnny]

hi,
is someone accept credit card as payment option for trading, I will like to buy bitcoin

When using mainstream exchanges like Coinbase you can be rest assured your funds are safe. However, they do have some restrictions and KYC sometimes takes ages. Even with a verified account they will hold your funds for 30 days and your value will drop most likely. whoever suggests coinbase isn't experienced. Thus, i think the easiest and safest way is just to use Binance, which takes Visa and Mastercard, and only 10–30 minutes to get your BTC once purchased.

But besides Coinbase there are other options.
Wirex is also offering to buy Bitcoin with credit card. Yes, they also require KYC but it doesn't take that long and it's safe and convenient. Of course, buying Bitcoin with credit card is more expensive than some other methods but crediting and convenience hss its price you need to pay.

[CarnagexD]

What's the difference between buying Bitcoin from a crypto exchange and from a crypto wallet (except fees)?

What basically differs an exchange to an e-wallet when buying bitcoin is that exchange offers you another pair on your bitcoin after buying it and that enters the trading while e-wallet just stores the value of your bitcoin when you buy it but some wallet offers another method to spend your bitcoin. Thr market is very volatile but I assume conversion rate on e-wallet is much higher than the exchanges.

[tungaqhd]

hi,
is someone accept credit card as payment option for trading, I will like to buy bitcoin

Coinmama and Coinbase are the most popular exchange that allow you to purchase Bitcoin with credit card. However my favourite exchange is Remitano (available in VietNam and more) because it is very fast and secured.

[katherrinecox]

I tried buying BTC with card, but the complication was too much.

[rijaljun]

Guys, I think it is pointless to continue this discussion since OP has left the thread (also the forum) few hours after he created this thread. Please don't bump this thread anymore to give more visibility to other active threads.

Unless you are a spammer, then go ahead and you'll pay for it.

[AmirMasoud]

Hi. we can buy bitcoin or any other cryptocurrencies on binance using our credit cards, but you need to be verified first.
And it's not just binance, almost all of the applications and OTC exchanges do the authorization procedures (in order to prevent money laundering and dirty money).

There are also some countries such as Iran, which you cannot use PayPal, Western Union or MoneyGram (because of sanctions). In these countries people must use their local currencies (IRR in iran) and credit cards to buy crypto from local exchanges.

https://rabex.io/ is one of these exchanges which is fast and secure. If you want to buy BTC bitcoin (BTC) from this online website, you will need to verify your Identity first, as well as other exchanges. In order to do so, You need to provide your identity documents and a selfie with your ID card and e handwriting. In the handwriting you accept the company polices and promise not to give your account to anyone, and to use the website only for yourself.

[gleisson05]

I tried buying BTC with card, but the complication was too much.

I bought some a couple of days ago for the first time. I used my cryptowallet, they offer such an option. Seriously, I did think it would be way more complicated and too slow, but it wasn't!

[Jiyens3]

hi,
is someone accept credit card as payment option for trading, I will like to buy bitcoin

i know in few exchange accept credit card. so you can take advantage    from this.  in my opinion it is good thing to buy bitcoin with credit card because you can pay your credit card  every month with profit from bitcoin...... example that exchange accept credit card is local exchange in my county

[Linkkoin]

Is it really a matter of large volumes of bitcoin, then of course, hackers will hunt for the owner of this wallet and use any opportunities to gain access to funds.  But in other situations, when buying small volumes of Bitcoin, as well as other cryptocurrencies using my credit card, when using certain exchange resources, I don’t see much danger if the user protects his online wallet well.  The main thing is that this wallet should be, for example, on the blockchain info, and not in the account of some exchange.

Of course the smaller the amount the lower the risk and for single $50 transaction buying a hardware wallet may not be the best idea, but for $1000+ (unless you use it for immediate payment/you are a daily trader) this is possibly the best available solution.

[Assface16678]

Is it really a matter of large volumes of bitcoin, then of course, hackers will hunt for the owner of this wallet and use any opportunities to gain access to funds.  But in other situations, when buying small volumes of Bitcoin, as well as other cryptocurrencies using my credit card, when using certain exchange resources, I don’t see much danger if the user protects his online wallet well.  The main thing is that this wallet should be, for example, on the blockchain info, and not in the account of some exchange.

Of course the smaller the amount the lower the risk and for single $50 transaction buying a hardware wallet may not be the best idea, but for $1000+ (unless you use it for immediate payment/you are a daily trader) this is possibly the best available solution.

One of the excellent improvements today of the websites and application is now they are supporting the use of bitcoin as payment but many people asking is credit card can use to buy bitcoin. The answer yes it is because of today most of the bank and platform now are supporting buying of bitcoin through credit card one this is the coinmama and the coinbase but the problem is it causes of higher transaction fee but still this is your decision if you want to buy using credit.

[giltc148]

If you need the exchange that accepts credit cards as means of payment for buying Bitcoin, I would advise you to take a closer look at such exchanges like Coinbase, or CEX - https://cex.io/buysell. Talking about CEX.IO, it also allows using wires for buying BTC.

[atjiat]

Is it really a matter of large volumes of bitcoin, then of course, hackers will hunt for the owner of this wallet and use any opportunities to gain access to funds.  But in other situations, when buying small volumes of Bitcoin, as well as other cryptocurrencies using my credit card, when using certain exchange resources, I don’t see much danger if the user protects his online wallet well.  The main thing is that this wallet should be, for example, on the blockchain info, and not in the account of some exchange.

Of course the smaller the amount the lower the risk and for single $50 transaction buying a hardware wallet may not be the best idea, but for $1000+ (unless you use it for immediate payment/you are a daily trader) this is possibly the best available solution.

I believe that a hardware wallet for storing cryptocurrency will not protect your funds if you use this resource to use some resource to sell or buy cryptocurrency.  I believe that security in this case will depend more on the credibility of the resource with which you will make the exchange.  Although I completely agree with you that the options for further actions of cryptocurrency users will primarily depend on the amount of cryptocurrency funds that he owns, because it may not always be rational for someone to use a hardware wallet.

[old fart]

If you need an exchange where you can buy with credit cards try coinbase.
If you need a wallet where you can buy crypto with credit card use atomic wallet. Atomic wallet is in partnership with simplex to offer this particular services. Comes with a 2% fee and have varieties of coins you can buy with card.
Another is trust wallet,really don't know much about trust because I haven't tried it yet.

[ubercool]

The top exchange right now is binance which has its footprints in most of the countries, buying it with credit card might be expensive so suggested method would be doing P2P and then use the usdt or something to buy Bitcoin.

[Linkkoin]

Technically, you should not use a credit card to pay bills because you pay a credit from another credit instrument, such as a credit card.

Quite often there is a misnaming the product - often debit cards are called credit cards as well (as credit cards came to existence before debit ones), so then for the sake of convenience, many people use the same name. Anyway, for the purpose of making transaction itself, there is no real difference for both user and company receiving payment.

[gocryptowise]

Coinbase is definitely one of the better options, but there are many others that I would also trust. For example Bitpanda, CEX or Changelly are a few https://gocryptowise.com/blog/best-sites-to-buy-cryptos-with-a-bank-card/ Find more there