The best place to buy cryptocurrencies with a credit card
Where to buy cryptocurrencies with a credit card

The best place to buy cryptocurrencies with a credit card

By Savastano | TheBestCryptoBlog | 14 May 2020


Where to buy cryptocurrencies with a credit card?

Let's do a small experiment. For example, I will use the Chainlink purchase preview. Purchase of exactly 100 Links on 3 popular brands.

3. Coinbase

Coinbase is a digital currency exchange platform (more like an exchange office, not like an exchange / market on which you sell crypto to others).
I used it once to buy some Chainlink.

App: Yes.

Fee, when you buy a crypto with a credit card: 3.99%.

Cryptocurrencies (how many different coins/tokens You can buy via Credit Card): 19. 

Purchase of 100 Links (Coinbase)

As we can see in the above screenshot - with a quick purchase of 100 Links (Chainlink) we will pay a fee of 13.68 EUR (~15USD).


2. Binance

Binance is one of the largest cryptocurrency exchanges. However, when I used it quite often there was no option to buy using a credit card.

App: Yes.

Fee: 2.5%

Cryptocurrencies: 17.

Unfortunately, there will be no screenshot from Binance, because when I tried to preview the purchase I encountered 2 problems. The first is that you can't buy Chainlink cryptocurrency with your credit card there. As you can see, buying crypto using a credit card is still at an early stage on Binance. Having the information about the fee we would have to pay - with a possible purchase of Chainlink
= 100 Links ($ 371) we would have to pay a fee of $ 9.27.

 

1. Crypto.com

Crypto.com was founded in 2016 and build a robust crypto ecosystem included exchange, payment and Defi, now they have 2 million users with its platform. One of their mission on payment is to empower users to do their daily transaction using cryptocurrencies via MCO Visa Card and mobile application, and it is indeed quite handy to buy crypto with credit card on Crypto.com.

App: Yes.

Fee: 0%

Cryptocurrencies: 65.

Purchase of 100 Links (Crypto.com app)

Currently, you can buy cryptocurrencies (e.g., as on screenshot: 100 Link) with credit card via their mobile app. Crypto.com also has its own cryptocurrency exchange and transfer your crypto to the exchange to trade is just a few buttons click. You can also keep your crypto in the application and earn on it (e.g.: flexible staking - you can withdraw crypto whenever you want, earn more if you stake longer).

In recent months I often buy crypto using my credit card with Crypto.com.
Why? It just simple, they are doing a 0% credit card fee waiver promotion for crypto purchase (until end of June 2020) together with two other great promotions (10% cashback on selected brands purchase and 2X gift cards reward).

More information about this promotion can be found here:
https://blog.crypto.com/crypto-com-waives-3-5-credit-card-fee-for-crypto-purchases/

I have been in the world of cryptocurrency for several years and I must admit that buying crypto has never been easier. Buying crypto using the crypto.com application is intuitive, fast and secure. 

Crypto.com mobile app can be download via below:

iOS : https://apps.apple.com/us/app/id1262148500

Android: https://play.google.com/store/apps/details?id=co.mona.android

In conclusion: Crypto.com mobile app is user friendly with bundle of other functions, not just trading but also earn, pay, card, credit, track and etc. Crypto.com is not only a place where You can buy crypto, but is more like a first crypto bank. Crypto bank which now have really good promotion, thanks to which you can buy many different cryptocurrencies with a credit card (with no fees). 

Greetings and remember - great things are coming.


Savastano
Savastano

Slavomir. Part of the year in Poland. Part of the year in the Philippines.


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