Most apps and websites today want you to purchase bitcoin by using bank accounts. Well, the thing with bank accounts is that some of us feel uncomfortable with providing our bank information to several different companies. Especially, the new companies that haven’t made a name for themselves yet. I remember the days of Mt. Gox and how everyone was comfortable with exchanging crypto on their site and the rest is history.
Today I’m going to fill you in on what I’ve discovered and that’s a way of purchasing bitcoin without the need to provide bank information to a company and easily transfer your money to the wallet or exchange of your choice. Using the Spot Bitcoin Wallet app you can use a credit card to make your purchase with ease. The benefit of using a credit card over a bank account or debit card is that by using a bank account or debit card your money is not insured. They can take your money and it will be a pain to recoup the money that you lost. When you use a credit card it is protected from fraud and you can easily recoup the funds that were stolen even though the perpetrator may have gotten away with it.
First off you must download the Spot Bitcoin Wallet app and if you haven’t downloaded it yet, you can get it here. Once you’ve downloaded the app, it will bring you main screen, and this is where you will sign up or log in. Once logged in you’ll see the home screen with the current bitcoin price. On the bottom of the app you’ll see tabs that give you the options home, invest, send, market and earn. The invest tab is the tab that will give you the option to purchase bitcoin via credit card. If your interested in sending bitcoin or earning some then you can use the other tabs at the bottom. This is by far one of the most user friendly ways that was seamless and easy to use to purchse bitcoin. If you are uncomfortable with giving out bank account info or even using P2P marketplaces then this is by far the best app that I have found to make purchases via credit card.