How to Buy Bitcoin With Credit Card in 2019?
Despite a recent security breach, Binance continues to be among the leading cryptocurrency exchanges. The exchange enjoys a good user base and dozens of listed cryptocurrencies. To buy Bitcoin using a credit, Binance has partnered with payment processor Simplex to assist clients in purchasing crypto with a credit or debit card. According to Binance, this move is part of a larger initiative to increase mass adoption of cryptocurrencies.
To get started, you need to create an account with Binance by visiting the website or the mobile application available for Android and iOS devices. You will need to provide your email address and use a strong password. Agree with the terms and click on Register. You will then verify your account by entering a six-number code sent to your email address. Note that Binance does not require the KYC process provided you are withdrawing less than 2 Bitcoins. However, you will provide additional private information when purchasing Bitcoin with credit or debit card through Binance.
You will then log into your account and click on “Funds” section from the Binance toolbar, and choose the “Buy with Credit Card” option. Select the crypto you wish to buy; in this case, it is Bitcoin. In the next phase, Binance will display the total amount that you will be charged, with fees included. Buying Bitcoin via credit card will cost you a fee of 3,5% or $10. You can buy Bitcoin using either USD or EUR. By press time, the minimum and maximum purchases are equivalent to $50 and $20,000, respectively. If you are using this service for the first time, you should start small to be on the safe side. Note that Binance allows you to buy any amount of Bitcoin using a credit card. You can toggle the base currency of your credit card between USD or EUR.
You will need to confirm your order in the next stage. Always read the disclaimer displayed to learn more about the purchase process. Then go to “Go to Payment”. From here, you will proceed to Simplex. To navigate Simplex, provide your details by filling in the necessary fields and agreeing to the terms and conditions. In the next phase, verify your phone number by entering the 4-digit code sent by Simplex. You will also check your email address. Once done with the verification process, enter details of your Mastercard or Visa card to complete the order. Binance will then complete your cryptocurrency order.
Coinbase is the world’s largest Bitcoin broker.
At Coinbase you can buy up to $150 or €150 of bitcoin per week instantly with a debit card (not credit card) in:
- the United States
- United Kingdom
Coinbase charges a flat 3.99% fee on all purchases via debit card, which is among the lowest for European and US customers.
Get $10 or €10 worth of free bitcoin when you buy more than $100 or €100 worth through this link.
A quick step-by-step guide on how to buy bitcoins with debit card on Coinbase:
- Create account. Open your account on Coinbase.
- Connect debit card. Add your debit card to your Coinbase profile
- Verify ID. Verify your ID with Coinbase.
- Buy bitcoins! Buy bitcoins using your debit card.
We may receive compensation when you use Coinbase. Please visit Coinbase for its exact pricing terms.PROS
- High liquidity and buying limits
- Easy way for newcomers to get bitcoins
- “Instant Buy” option available with debit card
- Purchases made with bank transfer can take up to 5 days to complete
- Coinbase may track how and where you spend your bitcoins
Coinmama is a bitcoin broker that specializes in letting you purchase bitcoin with a debit or credit card.
You’ll be charged a ~6% fee due to the risks and processing fees that come with credit card payments.
Coinmama offers high limits. You can buy up to:
- $5,000 worth of bitcoin per day
- $20,000 worth of bitcoins per month
After your account is verified and a purchase is made you will receive your bitcoin within a few minutes.