How to buy Bitcoins with Credit Card: You want to buy bitcoins with credit card and you cant seem to find information about it? Some services will sell you Bitcoins by credit card, but you will have to prove your identity first. Continue reading for more information on how to buy bitcoins with a credit card.
So you are really strong headed and you don't want to earn free bitcoins nor do you want to do some bitcoin mining you want to buy bitcoins with credit card. How are we going to do this? There are a few options available to us. Firstly you must know, if you don't already, that Bitcoins are a decentralized digital crypto currency, which means no government can control its value, leaving it to the mercy of the demand and supply. It is also considered an untraceable currency, meaning that once a transaction is done, it should be impossible for anyone besides the 2 (or more) parties involved to know from whom it came from so it completely makes sense that you cant buy bitcoins with credit card unless you work with the people. You can however buy what we are going to call trade for bitcoins currencies with your credit card, and the convert that currency to an amount of bitcoins, which would actually be just like buying bitcoins with credit card, but with 1 more step involved.
To buy bitcoins with credit card, you will need to join trusted networks. If you don't mind paying a few extra bucks for your bitcoins, eBay is also a great spot to buy bitcoins with credit card.
Tips
1.The price of Bitcoin can be very volatile. Pay attention to the price you are paying
2.Many Bitcoin exchanges have daily transaction limits. You may need to provide identification or fill out additional paperwork to get these limits lifted.
3.If you store Bitcoin in your own wallet, if you lose your key, you lose your Bitcoins.
4.Be careful about storing too much cash or bitcoins at Bitcoin exchanges. Many of the most prominent bitcoin exchanges have been hacked.
To buy bitcoins with credit card, you will need to join trusted networks. If you don't mind paying a few extra bucks for your bitcoins, eBay is also a great spot to buy bitcoins with credit card.
Tips
1.The price of Bitcoin can be very volatile. Pay attention to the price you are paying
2.Many Bitcoin exchanges have daily transaction limits. You may need to provide identification or fill out additional paperwork to get these limits lifted.
3.If you store Bitcoin in your own wallet, if you lose your key, you lose your Bitcoins.
4.Be careful about storing too much cash or bitcoins at Bitcoin exchanges. Many of the most prominent bitcoin exchanges have been hacked.