Buying Bitcoin with a credit card from the comfort of your own home has never been easier. The Internet is not only full of online brokers that regulate key bodies such as the FCA – but you can also invest in a range of everyday payment methods.
As such, if you want to buy a Bitcoin credit card – you’re in luck. In this regard, not all network brokers should be considered. For example, while they may have the necessary license to accept credit card payments from UK residents, basic fees can make a purchase too expensive.
We would therefore suggest that you read our detailed guide. Not only do we explain the simplest way to buy bitcoin with a credit card, but we also show you the best online brokers you can do it with.
Buying bitcoin by credit card – basics
If you want to buy Bitcoin with a credit card, you will need to use a network broker. These are independent platforms that allow you to invest in a range of resources from your comfort. On top of cryptocurrencies like Bitcoin, Ethereum , and Ripple – this can also include traditional stocks and stocks, commodities and indices. However, no matter which broker you choose to use, the process remains largely the same.
For example, you will need to open an account initially. This requires some basic personal information and rarely takes more than a few minutes to complete. You will then need to verify your identity. Most brokers allow you to do this automatically by posting a copy of your passport or driver’s license. As such, there is no need to wait for days for the human rights service to review your documents.
So, if you were to buy Bitcoin, you would have to earn at least 1% profit just to achieve equalization. In other words, if you bought Bitcoin and then sold it right away, you would do so with a 1% loss. As such, the larger the range, the more indirectly it costs you to trade.
Therefore, we recommend only brokers that offer extremely heavy spreads.
Withdrawal of Bitcoin investments
Although we have so far focused our guide on the buying process, you must also consider cashing in on your investment. In the end, we assume that you are buying Bitcoin because you think it will increase in value in the long run.