Buy bitcoin with credit card

[AniviaBtc]

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.
 

It is a risky idea if you try to do it now, although it is an investment and you're not certain that you can pay it easily. When we talk about the difference in crypto exchange with crypto wallet is that the exchange is the switch from a certain currency to another currency. For example, the bitcoin, you can exchange it in to dollar. While the crypto wallet is you personal digital wallet that you can use in many transactions. It contains your address so that during transactions, money will be directed to your wallet and not in another wallet.

[Linkkoin]

It is a risky idea if you try to do it now, although it is an investment and you're not certain that you can pay it easily.

Hence the golden rule of investing "do not risk the money you cannot afford to lose". Anyway - beside pre-paid cards, most of the cards are (especially in the Western hemisphere) often referred in general as credit cards.

[mersal]

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. It's somehow frustrating, but the fact is that you don't have any money or fund to purchase something like buying bitcoin to make profit. And back in the case of bills being charged, they don't allow it because you're trying to be in dual risk. Even though you might think you're just using it to have the chance to invest in something to get the money out of the credit card and pay it later. If you have a credit card, I think the best way is to apply for a cashback offer. Then use the cash to purchase bitcoin.

But there is an advantage of bitcoin with credit cards when your country completely accepted and regulated the crypto trading.If you got into any scam exchanges and used credit cared to buy then you can actually take this into legal side and never needed to pay the scammed amount to the credit card companies they can claim it via insurance but this will not be applicable once you bought bitcoins and store them into your wallet IMHO.

[RealMalatesta]

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

There are a number of exchanges and websites where you can buy bitcoins with credit card but buying bitcoins with credit cards might be fatal to start trading. Credit cards charge you a percentage of fees for making any purchases and few peoples might find if beneficial because you can make higher profits by trading with bitcoins and can easy pay off those interest charged by the credit card companies but this is what might make you land into loss.

You really need to be a experienced trader in order to make fixed profits and buying bitcoins with a credit card is actually a risk for all the peoples who newly start trading because price change might also land you in loss and you might not even be able to pay the interest along with the principle which you borrowed from the credit card facility.

[gleisson05]

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.

Agree on Atomic, it's one of the best crypto wallets I've tried for now.

What concerns Coinbase, their fees are enormously high. You can always find a better option depending on your location/citizenship/coins you trade

[nutella_11]

You can buy bitcoin with your credit or debit card on https://buycoinnow.com/. Fees are okay, I would say that this is quite basic website for all traders. It's okay to me and I can recommend it.

[redsun114]

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. It's somehow frustrating, but the fact is that you don't have any money or fund to purchase something like buying bitcoin to make profit. And back in the case of bills being charged, they don't allow it because you're trying to be in dual risk. Even though you might think you're just using it to have the chance to invest in something to get the money out of the credit card and pay it later. If you have a credit card, I think the best way is to apply for a cashback offer. Then use the cash to purchase bitcoin.

But there is an advantage of bitcoin with credit cards when your country completely accepted and regulated the crypto trading.If you got into any scam exchanges and used credit cared to buy then you can actually take this into legal side and never needed to pay the scammed amount to the credit card companies they can claim it via insurance but this will not be applicable once you bought bitcoins and store them into your wallet IMHO.

There are a number of credit card frauds which do occur in the daily transactions. There are a number of hackers sitting on the internet just to steal your credit card details and use them for their personal purchases.

I have personally went through a number of such cases and hence I prefer not to use your credit card details on any unknown exchange where you can buy bitcoins. Also, buying bitcoins with credit card might be something which might block your card depending on your country of residence because in most of the countries trading with cryptocurrencies is yet treated illegal and in this case buying bitcoins with credit card might force your bank to block your card from further purchases.

[Mumbeeptind1963]

There are a number of exchanges and websites where you can buy bitcoins with credit card but buying bitcoins with credit cards might be fatal to start trading. Credit cards charge you a percentage of fees for making any purchases and few peoples might find if beneficial because you can make higher profits by trading with bitcoins and can easy pay off those interest charged by the credit card companies but this is what might make you land into loss.

You really need to be a experienced trader in order to make fixed profits and buying bitcoins with a credit card is actually a risk for all the peoples who newly start trading because price change might also land you in loss and you might not even be able to pay the interest along with the principle which you borrowed from the credit card facility.

Indeed , I think I saw that in kucoin or binance? I dont remember but I saw it, and I did not recommend it. We all know that having credit will make us miserable due to interest that we need to pag aside from the money that we lend. Instead of using credit card why not having a savings so that you may buy altcoins or bitcoin  from that.

[nydiacaskey01]

I know a lot of people already who used their credit card to buy Bitcoins. The interest is high when you buy Bitcoin, because aside from the charges that the Credit Card company will charge you, the exchanger also will add additional fees and charges for using Credit Cards. Before using your card to buy Bitcoins or altcoin, better make sure that returns of your investment is big enough to cover the fees.

[SquallLeonhart]

There are a number of exchanges and websites where you can buy bitcoins with credit card but buying bitcoins with credit cards might be fatal to start trading. Credit cards charge you a percentage of fees for making any purchases and few peoples might find if beneficial because you can make higher profits by trading with bitcoins and can easy pay off those interest charged by the credit card companies but this is what might make you land into loss.

You really need to be a experienced trader in order to make fixed profits and buying bitcoins with a credit card is actually a risk for all the peoples who newly start trading because price change might also land you in loss and you might not even be able to pay the interest along with the principle which you borrowed from the credit card facility.

Indeed , I think I saw that in kucoin or binance? I dont remember but I saw it, and I did not recommend it. We all know that having credit will make us miserable due to interest that we need to pag aside from the money that we lend. Instead of using credit card why not having a savings so that you may buy altcoins or bitcoin  from that.

Sometimes if you have to pay only the interest for using credit card to make a purchase of bitcoins can be profitable if there are no hidden charges as credit cards will charge you a fixed amount of interest which you can easily cover by trading with those bitcoins in a certain amount of time.

You have to be a pro-trader actually to cover up that amount of interest and start having you own profits on it. Credit card purchases can be beneficial as they might charge you on a yearly basis and might be their interest rate varies from 10% to 30% which is not that excess and we could manage to earn that amount of interest in 2 to 3 months of time so we can easily pay off that debts and for the rest of the months we could have profits for ourselves.

[Linkkoin]

Sometimes if you have to pay only the interest for using credit card to make a purchase of bitcoins can be profitable if there are no hidden charges as credit cards will charge you a fixed amount of interest which you can easily cover by trading with those bitcoins in a certain amount of time.

You have to be a pro-trader actually to cover up that amount of interest and start having you own profits on it. Credit card purchases can be beneficial as they might charge you on a yearly basis and might be their interest rate varies from 10% to 30% which is not that excess and we could manage to earn that amount of interest in 2 to 3 months of time so we can easily pay off that debts and for the rest of the months we could have profits for ourselves.

This is why it is always better to have a debit card.

[drlukacs]

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

Never do that if you don't want to lose a lot of fees. I tried to transact via Paypal and Visa to see how much the transaction fee and price of bitcoin differed from exchanges, one surprise was that the price of Bitcoin was more than $ 500. holy ..., I could not believe my eyes and I would recommend that you do not use credit cards. If possible, you should try trading at Huobi OTC, it will help you trade P2P and very quickly. The price will not be much different from the general price and extremely low fee.

[Linkkoin]

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

Never do that if you don't want to lose a lot of fees. I tried to transact via Paypal and Visa to see how much the transaction fee and price of bitcoin differed from exchanges, one surprise was that the price of Bitcoin was more than $ 500. holy ..., I could not believe my eyes and I would recommend that you do not use credit cards. If possible, you should try trading at Huobi OTC, it will help you trade P2P and very quickly. The price will not be much different from the general price and extremely low fee.

Companies which allow you to buy via paypal increase their fees to the level covering chargebacks which are pretty easy to succeed for selling digital goods (you can see number of complaints regarding world of warcraft or cs:go accounts) because the seller is unable to give physical proof of shipment of goods.

[LeGaulois]

...

Companies and individuals aren't allowed to sell or buy digital currencies according to Paypal's terms. And an individual can't dispute a payment.
When a person opens a dispute with Paypal he doesn't say 'I bought BTC and didn't receive anything' because he knows it won't work and the account will be closed.
Instead, he contacts Paypal and says 'i got hacked, this transaction hasn't be done by me'

[FanEagle]

I know a lot of people already who used their credit card to buy Bitcoins. The interest is high when you buy Bitcoin, because aside from the charges that the Credit Card company will charge you, the exchanger also will add additional fees and charges for using Credit Cards. Before using your card to buy Bitcoins or altcoin, better make sure that returns of your investment is big enough to cover the fees.

That's the most important factor. Even I used my credit card to make a purchase of bitcoin but it was never been on a profitable side. As the card  used charged me a heavy transaction cost along with the interest rate which was around 13% plus I was been charged by the exchange where I bought bitcoin with credit card because of International transaction.

I was unaware about such heavy charges and hence has to make a loss just in order to gain some experience. After that time, each time anyone asks a platform where they could purchase bitcoin with credit cards, I strictly inform them never to do so because I personally only had loss in such transaction.

[OmegaStarScream]

That's the most important factor. Even I used my credit card to make a purchase of bitcoin but it was never been on a profitable side. As the card  used charged me a heavy transaction cost along with the interest rate which was around 13% plus I was been charged by the exchange where I bought bitcoin with credit card because of International transaction.

I was unaware about such heavy charges and hence has to make a loss just in order to gain some experience. After that time, each time anyone asks a platform where they could purchase bitcoin with credit cards, I strictly inform them never to do so because I personally only had loss in such transaction.

Which exchange are you using? if you are using any platform that uses Simplex to process the payments, stop doing that. Go with Coinbase or CEX.io for example.

Or, what I find to be best is order a Neteller card and deal with individuals, that way, you'll avoid any paying third-party fees.

[tbterryboy]

Lol, I was laughing when I read your question? Don’t even try to do business with anyone that tells you that they are accepting credit/debit card as payment option unless you want to get yourself into serious problem, only scammers will agree to do that.

If you want to buy Bitcoin with your credit card you should be looking for a legit exchange like Coinbase, Binance, Luno, and others that are legit, depending on which one is available in your country. Your credit card shouldn’t be something you mess around with because if it should get to the wrong hands they are going to use it to deal seriously with you.

[atjiat]

Lol, I was laughing when I read your question? Don’t even try to do business with anyone that tells you that they are accepting credit/debit card as payment option unless you want to get yourself into serious problem, only scammers will agree to do that.

If you want to buy Bitcoin with your credit card you should be looking for a legit exchange like Coinbase, Binance, Luno, and others that are legit, depending on which one is available in your country. Your credit card shouldn’t be something you mess around with because if it should get to the wrong hands they are going to use it to deal seriously with you.

Today, there are a lot of resources that provide services for exchanging cryptocurrencies into any fiat currency with a transfer to a credit card, as well as in the opposite direction.  All these resources are still very young and I personally have no confidence until I personally try and witness a successful exchange.  But I want to tell you that you are advertising the Bastchange resource with your signature code, which I constantly use to exchange cryptocurrencies using a bank card.  Perhaps there is something better, but I have not yet done such research.

[mrBTCman]

Cex certainly accepts credit cards. And you can buy bitcoin there. Check their infobot (telegram-based https://t.me/CexIoInfoBot) or the site itself. There should be more exchanges that accept credit cards, so you have a possibility to chose.

[Sadlife]

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

Crypto exchanges only accepts P2P transactions but what you can do is buy in third party providers like localbitcoins  although i've been hearing about its reputation going down and coinbase. This is all up to you, if you want to use these sites provided.