How To Get Bitcoin With Credit Or Debit Card

HOW TO GET BITCOINS WITH CREDIT OR DEBIT CARD

Purchasing bitcoin with Credit or debit card is quite easy. It’s a wonderful way to acquire small quantities of bitcoin and it is equally fast. The process has been made more so by Companies such as Coinbase (USA, Europe & UK), CoinMama (worldwide), and BitPanda (Europe).

Nevertheless acquiring BTC with a credit/debit card, however, comes with higher charges due to the high risk of fraud and higher processing fees.

We’ve compiled a list of companies that allows you acquire bitcoin with a debit card or credit card. However the availability of these services may depend on your location.
1)COINBASE
This is the world’s largest Bitcoin broker. At Coinbase you can purchase up to $150 or €150 of bitcoin at once per week with a credit or debit card if you are in the United States, Canada, Europe, United Kingdom, Australia, and Singapore. Coinbase requires a flat 3.99% fee on all purchases made through your credit or debit card. The 3.99% fee charged on these purchases is actually one of the lowest among Bitcoin brokers operating in Europe and the United States.

This guide will further show you the guidelines on how to purchase bitcoins on Coinbase with a credit card or debit card.
BENEFITS
1)It has high liquidity and buying limits
2)It is a simple way for new subscribers to acquire bitcoins.
3)Prompt purchases available with credit card or debit card

CONS
Purchases made with a bank transfer can take up to 5 days before it is completed.

Coinbase is simple to use. It has low privacy, an average speed, and average charges. It’s limits are high and it trusted.

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2)COINMAMA
This is a bitcoin broker that is primarily concerned in enabling you acquire bit coin with a debit card or a Credit card. There is a 10% charge due to the risks and processing fees that accompanies credit card payments. You can purchase up to $5,000 worth of bitcoin per day, and as much as $20,000 per month. When your account has been verified and a purchase is made you will get your bitcoin within a few minutes.
BENEFITS
1)It’s available in almost all countries
2)Highest limits for acquiring bitcoins with a credit card
3)It is a reliable and trusted broker

CONS
It charges one of the highest fees among credit/debit card bitcoin brokers

It is simple to use, comes with low privacy and has a fast speed. It’s limits are high, has high charges. As regards reputation it could be said to be just average.

3)BITPANDA
This Bitcoin broker is found in Austria. You can buy coins with a credit/debit card for 3-4% fees. Be aware that the fees are not shown publically but shown in your buy price when completing your purchase.
BENEFIT
it’s one of the brokers that charges the lowest fees for buying bitcoins with credit/debit card

CONS
In Bitpanda, fees are not shown publically on website but instead included in buy price

It is easy to use but has a low privacy rate. In terms of speed it is quite fast and has low charges. It’s limits are high and it is trusted.

4)COINHOUSE
Coinbase subscribers in Europe can purchase bitcoin with a 3D secure credit or debit card. The fees charged ranges between 6-10% depending on your total buy volume. Coinhouse is a well known choice as a result of it’s high limits.
BENEFIT
It’s high limits makes it easier to buy large amounts of bitcoins instantly.

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CONS
Coinhouse has charges one of the highest fees among trusted exchanges that accept credit/debit cards

It is quite simple to use, although it has low privacy rate. It is fast but is accompanied by high charges. It has high limits and a trusted reputation.

5)CEX.io
CEX.io allows you to acquire bitcoin with a credit or debit card, and your bitcoin will instantly made available. CEX.io operates in the United States, Europe, and some countries in South America as well.
BENEFIT
It’s available in many countries and also has decent fees
CONS
It’s verification process is extensive and demands a lot of information and takes a long time.

The ease of use is average and can be learnt by anyone. However it’s privacy rate is quite low. The speed is equally average and can’t be said to be too fast. Importantly it has a very good and trusted reputation and the limits are average.

So if you want to make purchases for your bitcoin through your debit or credit card using any of the brokers listed above, below are guidelines for you.

PURCHASE BITCOINS WITH CREDIT CARD AT COINBASE.

1) CREATE AN ACCOUNT ON COINBASE.

When you’ve created an account, confirm your personal details and login. After which you may be required to upload a scan of ID. Then you move to the next step.

2) MOVE TO ACCOUNT SETTINGS.
Move to the top right corner and click on your name. There should be a drop-down menu displayed, where you can click “Settings”. After which you then click on “Payment Methods”.Click on “Add Payment Method” in the right corner.

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3) Next you click on “Credit/Debit Card”

4)Then enter your Credit/Debit Card Information

Note however that Coinbase only accepts Visa and Mastercard credit/debit cards currently.

5)CONFIRMATION
You should see a confirmation and once you’ve seen that,your credit/debit card has been successfully added.
6)GET BITCOINS
Navigate to the buy page and there displayed should be a widget. Then enter the amount you want to purchase and click on “Buy Bitcoin Instantly”. You will then receive your coins in your Coinbase wallet. Congratulations!

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