One of the biggest challenges for people who want to invest money in cryptocurrency, and perhaps especially Bitcoin, is how to proceed to buy it . It can often feel like there is a big difference between people who want to invest some money and those who actually understand how cryptocurrency works, but this difference is only getting smaller and smaller. Today, it is actually very easy to get started investing in Bitcoin or another cryptocurrency, and it is actually possible to buy cryptocurrency with a bank card.
The largest and safest website for buying cryptocurrency with bank cards is a website called Coinbase . This company typically sells cryptocurrencies for over one billion US dollars per day, and is considered one of the safest players in the cryptocurrency community.
At Coinbase, you can easily create a user account to get started. Once this is done, you have to confirm your identity, and sometimes it can be a bit of a wait to get this done before you can buy cryptocurrency. However, it is usually ready within a few days, and then you only need to use a bank card to pay for the cryptocurrency you want to buy. You can only buy a little over 20 different cryptocurrencies on Coinbase, but fortunately they have all the major cryptocurrencies available. So you can easily buy Bitcoin, Ethereum, EOS, Litecoin or Bitcoin Cash there with your bank card.
There is no doubt that Coinbase is the safest way to buy cryptocurrencies with bank cards because of how well known and widely used they are, but there are also other options that are becoming increasingly popular. It may well be that you find a better price or lower fees at another player, but remember to check how well printed they are before you give away the card information, as like the rest of the internet there are many who try to scam money in the cryptocurrency community.
Buy cryptocurrency with bank transfer
Another alternative to Coinbase is a website called Localbitcoins . Here you can not trade cryptocurrency directly with your bank card, but instead use bank transfers to buy Bitcoin.
- Copy experts
- Low fees, secure and popular crypto exchange.
- Offers social trading - follow the trades to your favorites.
- You can open an account and make your first trade in minutes.
Trading cryptocurrency involves a high risk and you can lose all your money. Be aware of current regulations and risks before you trade.
Localbitcoins works a little differently than Coinbase, and is more like a kind of marketplace where individuals can buy and sell Bitcoin and other cryptocurrencies to each other. You must therefore create an account and start a trade with a seller on the website. It is easy to see how much positive feedback each seller has, so one can go for one with a good reputation to be assured of a fast and safe trade.
A trade on Localbitcoins typically works by opening an inquiry to a seller with information about how much you want to buy, then you get an answer with a name and bank account to transfer money to. Then all you have to do is transfer the money, and you will get the cryptocurrency when the money arrives in the account of the other party.
You can not buy all cryptocurrencies with a bank card
As mentioned, it is far from all cryptocurrencies that are sold directly with bank cards, it is sometimes more difficult than depositing money at new casinos , but if you use the bank card to buy Bitcoin you can use another player to trade other cryptocurrencies with these Bitcoins. The largest marketplace for trading less used cryptocurrencies is Binance, but there are also many other players offering this. It is unlikely that you will be able to buy unknown cryptocurrencies with bank cards in the near future, so you might as well get used to taking the detour with Bitcoin to trade these.