Bitcoin received great attention in the field of investment, but still, some people don’t know, how to buy cryptocurrency Bitcoin. Some people even don’t know what is cryptocurrency.
Here is a quick definition of cryptocurrency
“A cryptocurrency is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of the computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.”
Bitcoin isn’t available in physical form and not issued by any authority cryptocurrency uses decentralized controls.
Now, after knowing the cryptocurrency next question arises in our minds, how to buy Bitcoin intently. Buying a bitcoin is very easy it is a simple as the sign-up for a mobile app. Here is a quick guide to buy Bitcoins.
Following is the step by step guide to buying Bitcoin with a credit card or bank account.
- The first step is that you are required to download a bitcoin wallet, where you can save your bitcoins and use them for more spending or trading purposes.
- You can buy bitcoin with a credit card or using a traditional payment method like a bank transfer. Now you can send your bitcoins to your digital wallet. It’s a very simple process.
As it is a digital platform to exchange money into bitcoins, so everyone wants to control the money transfer on their own and want to transfer money whenever they want so the most convenient and easy way is to buy Bitcoin with a credit card or debit card intently.
It is an era of speed and fast working, people don’t have much time to stand in bank lanes and to follow traditional boring bank transfer details which required a visit and a lot of time. Buy Bitcoin with credit card reduced the time taken to the process and hence allows you to buy bitcoins instantly.
Another advantage to buying bitcoins with credit cards is it provides you the ultimate security. Anyhow to buy Bitcoins with a credit card charges you more.
Here we are going to provide you a quick guide about buying Bitcoin with a credit card instantly or using a debit card to buy cryptocurrency.
First of all, you are required to choose a bank that is bitcoin-friendly and allows you to buy bitcoins with a credit card or debit card instantly.
- ALLY BANK
- SIMPLE BANK
- GOLDMAN SACHS
Here is the list of 10 digital currency exchanges that allows you to buy bitcoins with a credit card instantly and most securely.
- On PAYBIS
Here we are going to guide you on how to use the CoinBase platform and how to exchange money by providing the complete guide and process.
CoinBase is the most trusted and secure platform which is beginner-friendly. Million of customers worldwide used this platform. A mobile app for android and iOS is also available for the convenience of users. Coinbase is the dominant bitcoin exchange platform in the U.S.
Following are the simple steps for buying bitcoins with a credit cards instantly using the coin base money exchange platform.
- First of all, you are required to create an account with coinbase
- 2ndstep is to verify your account
- Choose your debit or credit card for payment
- Select the amount you want to buy
- Bitcoins are automatically transferred to your digital wallet.
Congratulations you have learned the most instant way of buying a cryptocurrency.
Pros of Using CoinBase
- Secure payments and wallet
- Famous and widely used around the world
- Easy to Use interface
- High liquidity
- Can purchase a large amount of cryptocurrencies
Cons of Using CoinBase
- Due to the large userbase, the customer is slow to respond
- Bank transfers take time.