Buy bitcoin with credit card - page 4.

CarnagexD

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Quote from: ?? on ??

What's the difference between buying Bitcoin from a crypto exchange and from a crypto wallet (except fees)? Huh

What basically differs an exchange to an e-wallet when buying bitcoin is that exchange offers you another pair on your bitcoin after buying it and that enters the trading while e-wallet just stores the value of your bitcoin when you buy it but some wallet offers another method to spend your bitcoin. Thr market is very volatile but I assume conversion rate on e-wallet is much higher than the exchanges.

bitbunnny

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Quote from: Darooghe on December 15, 2019, 10:47:58 AM

Quote from: OneHappyIgloo on May 09, 2019, 03:40:08 PM

hi,
is someone accept credit card as payment option for trading, I will like to buy bitcoin

When using mainstream exchanges like Coinbase you can be rest assured your funds are safe. However, they do have some restrictions and KYC sometimes takes ages. Even with a verified account they will hold your funds for 30 days and your value will drop most likely. whoever suggests coinbase isn't experienced. Thus, i think the easiest and safest way is just to use Binance, which takes Visa and Mastercard, and only 10–30 minutes to get your BTC once purchased.

But besides Coinbase there are other options.
Wirex is also offering to buy Bitcoin with credit card. Yes, they also require KYC but it doesn't take that long and it's safe and convenient. Of course, buying Bitcoin with credit card is more expensive than some other methods but crediting and convenience hss its price you need to pay.

Darooghe

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Quote from: OneHappyIgloo on May 09, 2019, 03:40:08 PM

hi,
is someone accept credit card as payment option for trading, I will like to buy bitcoin

When using mainstream exchanges like Coinbase you can be rest assured your funds are safe. However, they do have some restrictions and KYC sometimes takes ages. Even with a verified account they will hold your funds for 30 days and your value will drop most likely. whoever suggests coinbase isn't experienced. Thus, i think the easiest and safest way is just to use Binance, which takes Visa and Mastercard, and only 10–30 minutes to get your BTC once purchased.

atjiat

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Quote from: Linkkoin on December 13, 2019, 09:12:07 AM

It is not actually about the safety itself but the fact, that with some cryptocurrencies in such cases there is needed an additional transaction ID to identify your funds.
If a person sending you crypto will not add it, either someone else sharing that wallet might get this crypto (instead of you), or it will be unallocated and you will need to contact support to get your crypto back, what in worst scenario can last for whole weeks.
Safety is more related to the website itself, hackers are hunting for all the types of wallets, especially online ones...
This is why we as a crypto exchange always tell all of our customers - once you buy crypto with us, make use of it as soon as possible after purchase (like sending to your own cold/hardware wallet), not to store it anywhere online for longer than necessary.
As well this is the reason why exchanges themselves do not store most of their funds online but in safe offline wallets or use advanced safety systems to avoid losing their customer and own funds.
Everyone learnt their lesson from 2014 Mt Gox hack.

Is it really a matter of large volumes of bitcoin, then of course, hackers will hunt for the owner of this wallet and use any opportunities to gain access to funds. But in other situations, when buying small volumes of Bitcoin, as well as other cryptocurrencies using my credit card, when using certain exchange resources, I don’t see much danger if the user protects his online wallet well. The main thing is that this wallet should be, for example, on the blockchain info, and not in the account of some exchange.

Linkkoin

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Thank you! In terms of security, I guess it's safer when that wallet address is assigned to me only. Am I right?

It is not actually about the safety itself but the fact, that with some cryptocurrencies in such cases there is needed an additional transaction ID to identify your funds.

If a person sending you crypto will not add it, either someone else sharing that wallet might get this crypto (instead of you), or it will be unallocated and you will need to contact support to get your crypto back, what in worst scenario can last for whole weeks.

Safety is more related to the website itself, hackers are hunting for all the types of wallets, especially online ones...

This is why we as a crypto exchange always tell all of our customers - once you buy crypto with us, make use of it as soon as possible after purchase (like sending to your own cold/hardware wallet), not to store it anywhere online for longer than necessary.
As well this is the reason why exchanges themselves do not store most of their funds online but in safe offline wallets or use advanced safety systems to avoid losing their customer and own funds.

Everyone learnt their lesson from 2014 Mt Gox hack.

Linkkoin

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Quote from: ?? on ??

What's the difference between buying Bitcoin from a crypto exchange and from a crypto wallet (except fees)? Huh

If you can buy crypto - it is always exchange/market. Depending from exchange, you might have your own wallet address assigned to you only, or shared with some other users. On some exchanges as well you may be allowed to receive crypto transfers from other wallets (just like on a typical wallet), while on other exchanges you can just buy Bitcoin online and send it to another wallet.

nutella_11

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You can buy Bitcoin with credit or debit card on BuyCoinNow. Their fees are quite okay, it's not a cryptocurrency exchange but the online cantor. Registration is needed there.

Spaffin

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Quote from: ice098 on December 09, 2019, 05:48:43 PM

Quote from: michellee on November 26, 2019, 06:19:01 AM

I will not use a credit card to buy bitcoin because I cannot imagine how if the bad thing happens after I finish the transaction. I suggest you search your local seller in your city so you can use transfer by ATM machine to buy bitcoin. You can feel safe if you know the seller because you don't have to worry if that seller will scam you. I never tried to use a credit card to buy crypto because I know the risk if another party steals the credit card data.

Yes, we dont know what will happen in our next trade, whether we lose or we win we doesnt know. We need to not use it, because we all know that credit card interest is increasing once we cannot pay our debt. We should use other source but not this once, I highly dont recommend this one.

Today, there are a lot of opportunities to buy Bitcoin using your bank card, since even many new projects are developing cryptocurrency exchanges, with the possibility of linking a bank account. But I use old and already proven methods, where there is a real intermediary and surety, where there is confidence that the nurse will pass without any fraud. I use the very famous Bestchange resource, which provides reputable exchangers for exchanging various cryptocurrencies for any currency.

ice098

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Quote from: michellee on November 26, 2019, 06:19:01 AM

I will not use a credit card to buy bitcoin because I cannot imagine how if the bad thing happens after I finish the transaction. I suggest you search your local seller in your city so you can use transfer by ATM machine to buy bitcoin. You can feel safe if you know the seller because you don't have to worry if that seller will scam you. I never tried to use a credit card to buy crypto because I know the risk if another party steals the credit card data.

Yes, we dont know what will happen in our next trade, whether we lose or we win we doesnt know. We need to not use it, because we all know that credit card interest is increasing once we cannot pay our debt. We should use other source but not this once, I highly dont recommend this one.

pajak666

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Fee is totally affordable for retail investors. Considering it is one time thing and not a way to be moving money regularly.. Both Binance and Poloniex worked fine for me but make sure to check out both listed fee% and actual spread that is being taken into account Cheesy

Most of places like hitbtc just use simplex and add their own fee on top

Iceblast

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I've heard if binance and some other exchanges accept Bitcoin purchases using a credit card. right now I think maybe you can check there and make a bitcoin purchase according to the amount you want

iram3130

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Depending on which country you are living the fees structure will be there. I think buying with credit card will be costly for you as their fees and conversion rates will be higher than usual. If there is a P2P exchange then its best to buy bitcoin from it.

JessicaVL

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Quote from: OneHappyIgloo on May 09, 2019, 03:40:08 PM

hi,
is someone accept credit card as payment option for trading, I will like to buy bitcoin

Hi! There are a lot of marketplaces and exchanges that will accept credit card payments. Firstly, you need to think about how much Bitcoin you want to buy, and what kind of trader you'll be. Are you going to HODl (hold on for dear life)? Always remember to do as much of your own research as possible - into different coins and trading styles. I would say that for a first time trader, buying off of a marketplace like Vertex.market is ideal. There's no KYC (know your customer) process, and you can buy offerings from other traders with much more payment options than on traditional exchanges. Best of luck! Hope this helped.

Linkkoin

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Quote from: ice098 on November 27, 2019, 05:45:48 PM

Quote from: cryptoblazter on July 27, 2019, 05:43:20 AM

Quote from: OneHappyIgloo on May 09, 2019, 03:40:08 PM

hi,
is someone accept credit card as payment option for trading, I will like to buy bitcoin

You can try some of the exchange that accepting credit card like Binance, Coinmama, Coinbase,
Localbitcoins, Cex.io, Kraken, and 24option, also City index. These are the exchange platform who
are accepting payment using credit card.

Yes! Ive seen a lot of exchanges that offers to trade your credit card money to bitcoin, but I dont want to use credit card, it has a limit and also an interest every month. If you have a money invest it do not use credit card. I think in order for you to register your cc to the exchanges you need a fully verified account.

Depends from the exchange, for us (Linkkoin) card verification is an element of verification procedure as well.
Moreover, we ask our customers to cover CCV code on the back and part of the card number itself. As well it is often spoken about credit cards in general - but in fact, debit cards work exactly the same as credit cards when speaking of using them online.

ice098

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Quote from: cryptoblazter on July 27, 2019, 05:43:20 AM

Quote from: OneHappyIgloo on May 09, 2019, 03:40:08 PM

hi,
is someone accept credit card as payment option for trading, I will like to buy bitcoin

You can try some of the exchange that accepting credit card like Binance, Coinmama, Coinbase,
Localbitcoins, Cex.io, Kraken, and 24option, also City index. These are the exchange platform who
are accepting payment using credit card.

Yes! Ive seen a lot of exchanges that offers to trade your credit card money to bitcoin, but I dont want to use credit card, it has a limit and also an interest every month. If you have a money invest it do not use credit card. I think in order for you to register your cc to the exchanges you need a fully verified account.

fullhdpixel

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If you want to buy Bitcoin with your credit card I will advise you to make use of a trusted exchanger and not just any random exchanger or person you see, unless you want to be taking risks. If your credit card should fall into the wrong hands you're going to be facing a huge problem.

You can make use of old and trusted cryptocurrency exchanges like Coinbase and Binance, Luno, or even Blockchain. If you're making use of Blockchain wallet (if you don't have one you can download it from Play Store or App Store) click on the toggle at the top left hand side on your wallet or just swipe right and you will see an option to buy and sell. Blockchain partners with Coinify and you can buy and sell Bitcoin or any of the accepted cryptos using your credit card or bank account.

drlukacs

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Quote from: OneHappyIgloo on May 09, 2019, 03:40:08 PM

hi,
is someone accept credit card as payment option for trading, I will like to buy bitcoin

I think credit card transactions would be bad for traders. because this is a decentralized market and if you trade through crypto and the bank finds that you make a lot of money then the tax authorities will probably make it difficult for you and you have to pay higher taxes.
Besides, transactions between credit cards like Visa or Mastercard cost more and it can be up to 3%. so you should go to the black market deals for better prices and faster transactions.

Williams_Leo

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Quote from: michellee on November 26, 2019, 06:19:01 AM

I will not use a credit card to buy bitcoin because I cannot imagine how if the bad thing happens after I finish the transaction. I suggest you search your local seller in your city so you can use transfer by ATM machine to buy bitcoin. You can feel safe if you know the seller because you don't have to worry if that seller will scam you. I never tried to use a credit card to buy crypto because I know the risk if another party steals the credit card data.

I think that if we make transactions and buy bitcoin at reputable exchanges, the data theft is impossible because these exchanges always enhance the safety of customers as a common slogan of them but another risk that I feel more clearly is the observation from the government when the credit card system is under their control. So as you say, we should look for sellers in our area, lots of reputable groups and websites are providing us with these services, just register and click.

imstillthebest

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Quote from: michellee on November 26, 2019, 06:19:01 AM

I will not use a credit card to buy bitcoin because I cannot imagine how if the bad thing happens after I finish the transaction.

what do you mean ? are you conscious about your privacy or what if someone will trace and stalk you ? or you are just afraid of being scammed and hack ? well you can still transact on a reputed and more trusted sites . there are alot of them because btc is not new anymore . legit sites wont do any malicious thing to you or on your credit card , just be brave and put your trust on them and everything will be fine . trust me many people do this before and up to this date but they are still okay .

michellee

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I will not use a credit card to buy bitcoin because I cannot imagine how if the bad thing happens after I finish the transaction. I suggest you search your local seller in your city so you can use transfer by ATM machine to buy bitcoin. You can feel safe if you know the seller because you don't have to worry if that seller will scam you. I never tried to use a credit card to buy crypto because I know the risk if another party steals the credit card data.

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