Best way to buy Bitcoin with Credit Card
Best way to buy Bitcoin with Credit Card

By Tokenhell.com | Tokenhell | 17 Feb 2020


Buy Bitcoin with Credit Card: Crypto fans and traders are always in search of reliable and credible ways to buy bitcoin with credit card instantly. There are a lot of scammers on the web who are in search of fraud and manipulate new babies in the crypto world. But here, you can find the most secure and reliable methods to buy bitcoins. We will hold your finger and assist you in the whole process of buying bitcoin with step by step guide.

Here we have 4 best ways to buy bitcoin with credit card

 

  • Coinmama
  • Bitpanda
  • Bitit
  • LocalBitcoins

How to buy bitcoin with credit card step by step walkthrough

Table of Contents

1: Buy Bitcoin with Credit Card on Coinmama


Coinmama came into existence in 2013 with native city Israel. It marked its brand among the famous brokerage service providers of the crypto universe and currently, there are almost one million users are active in 180 different countries of the world.

Coinmama is a broker exchange that offers its users to buy bitcoin with a credit card and charged up to 6% on the whole process of buying. However, the fees are comparatively higher than most of the broker platforms. It makes Coinmama special because the limitation on buying is very high as you can purchase bitcoin of worth $5,000 in one day and $20,000 in a month.

To buy bitcoin using the credit card on coinmama, you need to follow the procedure step by step given below.

Create your Coinmama Account

In the first step, you have to create your Coinmama account by filling the sign-up form. It is mandatory to paste your email and country of your residence.

In the second step, you need to verify your account by providing the necessary information such as passport, ID card number and photo ID.

Select your Payment Method

When going into the section of payment methods, there will be two options listed on the Coinmama: one is a credit card and the other one is a bank transfer. You will select the debit card way of paying for digital assets.

You will select the dashboard of purchasing bitcoin; here you will find the blue button where you can choose your preferred fiat currency. There are following fiat currencies available:

  • United States Dollar (USD)
  • Euro (EUR)
  • Great British Pound (GBP)
  • Canadian Dollar (CAD)
  • Australian Dollar (AUD)

Coinmama does not offer the facility of creating BTC a wallet,therefore, you need to encode your wallet address on which you want to receive your digital gold.

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Finally, you will need to provide the credit card information and place your order.

Buy Bitcoin with Credit Card on Coinmama

2: Buy Bitcoin with Credit Card on Bitpanda


Bitpanda company was founded in 2014 and started its operations in Australia. It is the best platform for buying and selling bitcoin and various other cryptocurrencies for European crypto traders and investors. If you are living in European countries then it is an excellent service provider to buy bitcoin with cheapest rates.

Firstly, you have to select the option “Buy Cryptocoin” where you will find the subsidiary 3 options:

Step 1: Select a Cryptocoin

In this section, you will select the button of “Bitcoin”

Step 2: Choose the payment provider

Now, it’s time to use the payment method by clicking on the Visa/MasterCard button.

Step 3: Choose amount to spend or receive

In this portion, you will choose the amount that how much you want to spend to buy digital gold.

This is a step of finalization, you should check the amount again and also other details such as current price, amount to pay, receive BTC, payout and payment provider. Bitpanda will give you only 60 seconds to confirm the exchange rate.

After confirming the deal, you need to verify the confirm trade either through SMS or call. This is additional confirmation on the part of Bitpanda that is very necessary for security purposes.

 

You will receive a code through SMS and then you will paste this received pin code in the verification box.

After a successful verification through SMS or call, you will get the notification of “Order Successful” and an email of confirmation will be sent to your email address.

You can now press the button of “Click here to start the payment process” to proceed further. You just have 10 minute time to make your order with the payment method of credit card otherwise your order will be automatically canceled.

You will provide the required data of the card utilizing the mPay24 as you can see in the given picture below. After filling the form, you can now click on “Bezahlen”.

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Congratulations, you have successfully made a trade using your credit card or debit card. You can check the history of a trade by clicking on the tab of “Trade History”.

Buy Bitcoin with Credit Card on bitpanda

3: Buy Bitcoin with Credit Card on Bitit


The fees charged by Bitit when buying cryptocurrency with credit cards can reach up to 6.99%; this fee structure is very handsome as compared to the other paying methods on Bitit. The platform has roots in more than 50 countries and it is an efficient platform for European users; customers from European countries have a wide range of payment methods.

There is a wide range of fiat currencies available on the platform that includes USD, NOK, SEK, TRY, HKD, SGD, EUR, GBP, JPY, CNY, KRW, AUD, CAD, and DKK.

Create Your Account

The first step to start your journey to get bitcoins is to register your account.

From the list of digital assets, select the “Bitcoin” and choose the credit card option as a payment method.

Complete all steps and you will get your BTC in the wallet.

Buy Bitcoin with Credit Card on Bitit

4 : Buy Bitcoin with Credit Card on LocalBitcoins


LocalBitcoins is a marketplace based on the peer-to-peer network that came into existence in 2012 by Nikolaus Kangas. LocalBitcoins charged its users for creating advertisements for trade but buying and selling of bitcoin is totally free on the marketplace. There is a wide range of payment methods listed on platform besides the credit card option.

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The limitation on buying varies and depends upon the verification level:

  • V1: Name+ country+ email+ phone number= €1,000/year
  • V2: V1+ physical address+ ID and KYC verification= €20,000/year
  • V3: V1+ proof of residence= €200,000/year
  • V4: V2+ extra ID verification= unlimited

The striking feature of LocalBitcoins is that it tracks the locality of sellers and buyers and helps its users and customers to make a deal within a particular region. It has access to more than 200 different countries but there is a restriction on the following countries due to some regulatory problems:

  • Indonesia
  • Syria
  • North Korea
  • China
  • United States

Create Your Account

To start with LocalBitcoins, you need to register your account as a new user by giving your Email and creating a strong password with a username that you want to display on LocalBitcoins.

There are four bars on the top menu of the site for amount, fiat currency, country, and payment method. Choose the “Credit card” from the list.

When you press the ‘Search’ tab, a list will appear where you can select your favorite deal that will suit you best.

Before making any decision to make a trade with any trader; you should check the trading volume, number of confirmed trades, feedback score and trust score of the seller.

Write down the amount in fiat currency how much you want to buy bitcoin and then click on “Send trade request” using the credit card.

Buy Bitcoin with Credit Card on Localbitcoins

 


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Tokenhell.com
Tokenhell.com

Tokehell is a Google News Approved Blockchain & Crypto News Agency Where You Can Discover News About Cryptocoins, Technical analysis, Blockchain Events, Coin Prices Marketcap And Detailed Reviews on ICOs, IEOs. STOs.


Tokenhell
Tokenhell

Tokehell is a Google News Approved Blockchain & Crypto News Agency Where You Can Discover News About Cryptocoins, Technical analysis, Blockchain Events, Coin Prices Marketcap And Detailed Reviews on ICOs, IEOs. STOs.

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