How to Purchase Bitcoins with Credit Cards and PayPal
Bitcoin is one of the best-known crypto-currency, which does not involve any third party in power, any physical mode of payment, etc. Therefore, it is independent to make financial transactions on your own. Since 2009, it has been known as one of the best crypto-currency. Many crypto-currencies have been able to develop after the growing trend of bitcoin. The competitors are either trying to replace the bitcoins or bring trade coins to the market and set them as much as bitcoins.
Why Bitcoin has value?
Well, bitcoin has value for some key reasons and here they are-
i) Some people can rely on this process and find it helpful to store and exchange value.
ii) Majority of the people have accepted its value.
iii) This is an easy method of transferring, mining, selling, or trading any amount you want.
Also, you can divide the bitcoins into million pieces; it is easily divisible. The reason why bitcoins are so trendy and reliable these days is that it is to send any amount of money to anyone with safety through this process. The next question arises about how to sell and buy bitcoins. Sending a bitcoin is as easy as just choosing the address and amount to be sent, and receiving it is just providing the sender your address. Also, on the other hand, issues can occur with bitcoin as a hacker enters and breaks into different accounts.
How to Purchase Bitcoins with Credit Card and PayPal
Finding a crypto app or platform for selling or buying bitcoins is difficult. This is because most platforms carry brokerages of about 7%. In this blog, we will mention some top places from where you can easily buy or sell bitcoins with a debit or credit card. Also, we can use an app, PayPal, to make transactions. The steps to invest or complete a transaction with PayPal are as follows.
- Open the PayPal app login and select Cryptocurrency
- Select the option ‘bitcoin’.
- Click on the ‘buy’ option.
- Choose the amount you want to buy
- Select the desired payment method
- Lastly, click on the “hit” button.
The first question which arises in a person’s mind not having any app through which they can trade on crypto is can we buy a bitcoin with a debit or credit card? The answer to this question is a big yes; crypto exchanges have now allowed you to buy and sell bitcoins by connecting your debit or credit card with your online profile. All you have to do is verify your id with the online app and give the asked details, and then you can proceed with your transaction processes. The next thing we should remember is that the transaction process through a debit card may take 2-3 days as the bank needs to verify that there is no fraud in your account or transaction. Several people in the bank cross-check the transaction process to provide smooth transactions to the customer. Also, debit or credit cards are safe to use as it is checked thoroughly by the banning staff before any transaction process is complete.
But on the other hand, before making a transaction from the site, you need to be sure that there is no kind of fraud or hacking on that site. Reliable platforms such as Coinbase and Wirex accept transactions through credit cards. To make transactions through a credit card, follow these steps: –
- Open the site where you want to make the transaction and sign up
- Link the credit or debit card to your online account
- Lastly, enter the amount you want to invest or buy and wait till confirmation from the respective bank comes.
Both the PayPal and Credit card investments are reliable and safe, but in the case of credit cards, we need to thoroughly research or go through the site where we are linking our credit cards too. If there is a fraud or hacking case, we must surely inform it or report it to the site as soon as we get to know about it.
With a solid foundation in technology, backed by a BIT degree, Lucas Noah has carved a niche for himself in the world of content creation and digital storytelling. Currently lending his expertise to Creative Outrank LLC and Oceana Express LLC, Lucas has become a... Read more