Today, cryptocurrencies are often viewed as assets rather than legitimately. People have invested in them due to the volatile market, which appeals to traders.
Like many investments, cryptocurrencies are comparable to traditional stock markets where the involved high risk could potentially yield exceptional rewards to some. The pioneer batch of people who purchased Bitcoin, instead of mining them, were investors who are willing to speculate in this volatile market.
It has been over a decade since Bitcoin’s inception, and the market volatility has since attracted both institutional and everyday retail investors. The total market capitalization has also grown over the years, which inevitably result in higher liquidity for people who are throwing a significant sum of money into Bitcoin and other cryptocurrencies. Additionally, 2020’s pandemic crisis is also a blessing in disguise for the cryptocurrency market as more people have spent their free time researching the market, looking to own a piece of the revolutionary digital currency of the future.
The prospect of cryptocurrency investing has reached out to the mainstream market as experts from renowned financial institutions even mentioned that everyone should dedicate as much as five percent of their investment portfolios to cryptocurrencies. This fact is fuelled by the growing adoption from multinational companies such as Starbucks, Microsoft, and PayPal, who accept Bitcoin as an alternative form of payment.
After all, the price fluctuation of Bitcoin and other cryptocurrency values could also make you a considerable amount of profit over time, if done correctly. Hence, if you have decided to diversify their portfolios by investing in cryptocurrencies, you will be interested to explore various options that could have you onboarded in no time! Thankfully, 2020 has been good for the cryptocurrency market, as more financial institutions have started accepting cryptocurrency trade, or reversed its decision to ban cryptocurrencies. It is now possible to buy Bitcoin with a credit card easily through several platforms that facilitate cryptocurrencies.
It is possible to buy Bitcoin with credit card today?
The cryptocurrency market has met numerous hurdles before reaching the stage that we are seeing today. Those who bought cryptocurrencies back in the early 2010s faced a lot of difficulties acquiring them. To buy Bitcoin with a credit card back then is almost impossible, since major payment processors like Visa and Mastercard have deemed such transactions as illegal. Those who managed to buy Bitcoin with a credit card would normally have their transactions reversed. Merchants and sellers of Bitcoins were aware of the problem and refused to accept any trade with those who wished to buy Bitcoin with a credit card since completed Bitcoin transactions are irreversible.
These days, payment processors like Visa and Mastercard have acknowledged the use of Bitcoin and it is getting much easier to buy Bitcoin with a credit card. In order to obtain your first Bitcoin or cryptocurrencies, you may go through several online means which accept the notion to “Buy Bitcoin with Credit Card”. Later in this article, we will be sharing a handful of methods for you to buy Bitcoin with a credit card safely and securely.
What is the minimum amount that I can buy Bitcoin with credit card?
It is possible to buy even 10$ worth of Bitcoin on any platform. Unlike fiat currencies, each Bitcoin is divisible to the 8th decimal place. Thus, you can purchase anywhere from 0.00000001 BTC (or 1 Satoshi) if the platform allows. But given our experience, almost every platform requires you to make a minimum level of purchase as they do charge a minimal fee to each Bitcoin transaction.
So, if you are ready to buy Bitcoin with a credit card, read on as CrypTalker sums up two methods to fulfill your first buy order of your Bitcoin.
Buy Bitcoin with credit card on exchanges
Bitcoin.org has compiled a list of trusted Bitcoin exchanges where you can buy BTC from your country of residence. Of which, we are recommending Binance, Coinbase, and Bittrex as the go-to exchange to buy Bitcoin with a credit card.
Binance is the leading global cryptocurrency exchange, with one of the highest liquidity in the market. Users of Binance can simply buy Bitcoin with a credit card in the exchange through Simplex, a fully licensed and regulated electronic money institution in the EU that has offered fiat-to-crypto payment processing services to over 130 cryptocurrency ecosystem leaders. Once you have bought your BTC, you can exchange to hundreds of other cryptocurrencies listed on the platform.
Meanwhile, Bittrex is one of the oldest and most reputable cryptocurrency exchange which is known to be one of the few exchanges which has taken a stance against accepting payments for the listing of a token. Instead, tokens are listed based on the merit and quality of the project. This is an important fact to know especially if you do intend to invest in high-risk cryptocurrencies (or Altcoins). Similar to Binance, you can exchange your BTC to hundreds of other cryptocurrencies on Bittrex.
Backed by trusted investors, Coinbase is the world’s largest BTC broker and its exchange also allows you to buy bitcoin with a credit card.