How to buy Bitcoin with a Debit or Credit Card
Bitcoin is continuing to surge, with predictions the cryptocurrency could reach $100,000 or more in the coming year or two. The cryptocurrency is becoming a go-to way to invest either small or large amount of extra money, and with little loss predicted, it could be one of the best investments in decades. If you want to make that significant investment with a debit or credit card in Bitcoin, you’re in luck.
The problem with Bitcoin, LiteCoin, Ethereum or other cryptocurrencies is: how do you buy the coins? There are various exchanges out there, but the one I’ve since early 2013 is Coinbase. The exchange is one of the easiest and safest ways to buy and sell Bitcoin. Coinbase has been around since 2012 and is insured. Their fiat currency (USD) is FDIC insured, and their cryptocurrency insured through a third-party insurance agency. This means even if something to Coinbase would happen; your investment shielded from a total loss.
Coinbase lets you buy through bank accounts, credit and debit cards, and wire transfers
Coinbase works in 32 countries, including the United States. In the U.S., Coinbase verifies users through government issues ID cards including driver licesnses, passports, and other IDs. Once confirmed you’re able to connect your bank account, link a debit or credit card, or add your PayPal to your account. Then you’re ready to buy with a wire transfer or bank account when you’re making substantial investments, up to $10,000. If you’re willing to make a smaller investment, you’re able to buy up to $750 with a debit or credit card.
I’ve invested in Bitcoin, Litecoin, and Ehtereum all through Coinbase. There are fees included on the exchange, but their minimal for a convenience that you won’t find on other, smaller exchanges. I haven’t had a problem buying or selling, and their support is always there to help you resolve any issues quickly.
Let me know if you have invested in Bitcoin. If you have any questions, ask me in the comments below!