Bitcoins are a type of currency that was invented in 2009. This type of currency allows individuals to move and exchange funds without the need for a bank, which means no bank fees. For many years, there has been a great amount of confusion over how to purchase bitcoins. Thankfully, there are now more options than ever before. With this information, individuals will understand how to buy bitcoin with credit card so they can make their purchase with ease.
It is now easier than ever for a person to purchase bitcoins with their credit card but before doing so, it is imperative a person knows the bitcoin site they are dealing with so they can make sure they are making a sound purchase. Once a person has carefully researched a site, they will need to take these steps to ensure they make their purchase with their credit card:
- The first step a person needs to make is to create an account on a bitcoin site that allows for credit cards. While many sites do not, more and more are adding this payment option. Some bitcoin sites make users wait a period before receiving their bitcoins when they are paying with a credit card. It is important a person reads the policy of the site so they can be sure they will be able to instantly receive their bitcoins.
- Sites like XCoins allows users to purchase bitcoins with their credit card or with PayPal. All a user needs to do is select credit card as their payment option. After entering the details of the credit card, including the number and expiration date, the user simply needs to enter the amount of bitcoins they wish to purchase in the exchange.
- The bitcoins are deposited in the user’s wallet instantly. On XCoins, the user can even give their bitcoins back if they find a better exchange rate or decide they no longer need the full amount of bitcoins they purchased.
Taking these steps will allow individuals to purchase bitcoins using their preferred credit card. The steps are easy and the entire process only takes a few minutes and then the bitcoins can be used as needed.