Even a novice to the cryptocurrency world can use credit card as a head start into the trading world. The demand for Bitcoins is topping its own charts time and again. It is giving endless opportunities for platforms to emerge and evolve. Every platform has only one goal to achieve, ‘EASE and SPEED’
The platforms hence offer various payment methods and exchange methods to attract users. Below are some of the best ways you can buy Bitcoins through your debit or credit card.
Switchere
It is one of the top and most recommended platforms for the trading and buying of not only bitcoins but also other altcoins. Switchere enables payments only through debit and credit cards. The platform is highly secure and stable.
This platform also uses the intuitive user interface which makes it easier for the novice users to get used to trade bitcoins easily. There are a lot of advanced features for regular traders to give them a total control over their process. The access is excellent. The platform is free of charge, that means, it does not charge any additional fee.
Switchere uses a 2FA and SSL/TLS encryption which is military grade. It is the best online protection that a site could offer. The algorithm used by this device is SHA-256 hash which is cryptographic. It acts as an extra protection for your device.
If you are not a verified user, then you can make purchases up to $110 Bitcoins. But if you become a verified user then your purchase limit will be raised to $550. Once you have verified your Bank details an other documents, you can push your purchase limits to $1100.
Coinbase
Coinbase has been titled as the largest bitcoin trading platform. It comes with the option of various payment methods and also supports the purchase of bitcoins through debit card and credit cards.
Its security arrangements are, no doubt, very advanced. Coinbase also uses an intuitive user interface. The site is very easy to use for novice traders and is one of the most advanced platforms for professional investors.
Coinbase charges 1.49% – 3.99% as fees. If you are purchasing through a credit card, then the fee will be increased to 3.75%.
The site will allow you to use its features only if you are a verified user. Proper ID verification is a must. Coinbase uses AES-256 encryption for all its routing.
CoinMama
Coinmama only permits transactions through Credit cards. However, there are no limits to the purchases. The investor can purchase coins without any verification. The daily purchase limit is 5000 dollars.
Coinmama does not charge a deposit fee. But a regular fee of 6.75% on the overall transactions is charged to and by the bank. Another additional charge of using credit card (5%) is charged. Simplex is used to process all the card transactions on this site. The fee will be chared directly to your bank account.
The purchasing limits will be decided on how verified the user is. once you update your phone number, ZIP code and city, you will be able to push your purchase level to $150. If you update photos proving the transaction then your purchasing power will go to $10,000.
CEX.IO
CEX.IO is not only a trading exchange but also a platform where you could mine coins. It offers a variety of cryptocurrency. The user interface is smooth and uses effortless and straightforward verification process.
The fee charged by CEX.IO is slightly expensive when compared to other sites. There are various options for the purchasing and selling limits. There are basic, verified, verified plus and corporate accounts. The payment methods include VISA and MASTERCARD. While paying with credit card, the user will have to verify your card, and identity along with your CVV number.
While withdrawing funds, verification is an important factor that the site needs green signals from. SSL security technology is used by the site along with a two factor authorization.
Coinhouse
Developed in Paris, the site is a bitcoin platform. The platform can be accessed all over Europe. It offers instant transactions with credit cards. The interface is made for new users. The transaction of bitcoins can be purchased up to 10,000 EUR per month.
Coinhouse exchange uses the KYC method to verify your identity. The user will have to update its phone number and address proof to ensure security and privacy.
Even though users feel the risk while buying bitcoins, it cannot be ignored that huge rewards will involve huge risks. Blockchain and bitcoin technology is used extensively. The competition of sites and platforms are increasing day by day introducing complex as well as easy methods to buy bitcoins.