Buying cryptocurrency is now easy in 2022 thanks to the availability of many types of now accepted payment options that weren’t before when crypto was in its infancy. Many investors prefer the proven credit card payment method, as it offers high security and transparent purchases.
If you’re thinking of signing up for online crypto exchanges and starting to invest, this guide is for you – we’ll cover how to buy crypto with a credit card.
How to Buy Cryptocurrency With a Credit Card – Quick Steps
On eToro you can buy cryptocurrencies with a credit card, including Bitcoin and over 50 other cryptocurrencies. Here is a quick guide on how to buy crypto with a credit card on eToro:
Step 1: Open an account with eToro
Create an account on eToro website. Fill in your details or link your Facebook or Google account.
Step 2: Verify account
This step requires uploading a government-issued ID, such as a passport or driver’s license. Legal documents containing your address line are also taken into account.
Step 3: Deposit
After verification, eToro will send you an email confirming that you are ready to start trading. Then make a deposit with your credit card and choose to link your card if you plan to use the same payment method regularly.
Step 4: Buy cryptos
Buy your first crypto using your deposited funds. Simply type in the coin you want to buy, enter the amount and click “Open Trade” or “Set Order”.
Where to buy crypto with a credit card
Below, we’ll take a closer look at the best cryptocurrency platforms to buy crypto with a credit card and review each one.
eToro
Early to spot the huge opportunity in crypto, eToro is one of the first companies to allow digital asset trading. It started offering Bitcoin in 2013.
This long exposure in the space is a big plus as it has managed to make a name for itself as a trusted crypto platform over the years. Recently reaching the milestone of 20 million users, eToro is regulated by the FCA, ASIC and CySEC, and accepts traders from most countries around the world, including the US and UK.
The site offers a very easy way to invest. In the “Discover” section of each account, traders can access the “Crypto” section where coins are featured. As of this writing, it offers 39 coins available for trading. Each coin listing contains direct and valuable information such as current price and movement in the last 24 hours.
eToro also has a CopyTrader function, where you can easily copy the movements of the experts. At the bottom of this crypto section is a list of expert crypto traders, their stats, and their individual return percentage for the day. This tool is a lifesaver for newcomers and traders who don’t have the luxury of doing technical analysis every day.
It charges 1.0% on every crypto transaction paid through Visa, Mastercard, and Maestro credit cards. This is well below the industry average of up to 4% (e.g. Coinbase when buying crypto with a card). Additionally, it has a minimum deposit of just $10 in the US and UK and $200 to use the CopyTrader feature.
Buy Crypto with Credit Card on eToro.
Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.
Crypto.com
If you plan to buy Bitcoin with a credit card, Crypto.com is another site you should check out. Investing in cryptocurrency involves many price movements. This means that traders buy and sell their coins faster than stocks and other assets.
This is precisely why many traders prefer this platform over others. It offers one of the lowest trading fees in the market, especially for holders of its native coin, Cronos (CRO). High volume traders are charged as little as 0.04% as makers and 0.1% as takers. You can barely feel the fees in each transaction.
Over 250 cryptocurrencies are available for trading on its platform, with a daily withdrawal limit of $100,000. He also popular NFT like Alienworlds.
Buy Crypto with Credit Card at Crypto.com.
Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.
Binance
Due to its geographic availability and advanced trading options, most traders around the world use Binance to trade cryptocurrencies. It is available in over 140 countries, including 43 US states. It also supports various trades including limit orders, market orders, stop-limit orders, and peer-to-peer (P2P) trading.
Binance is known as the “home of altcoins,” a term it got since it offers over 500 cryptocurrencies for trading. It also serves as a breeding ground for initial coin offerings and encourages existing users to participate in ICO projects. Traders have the opportunity to earn through staking over the life of a crypto project. Additionally, the exchange runs a variety of rewards mechanisms where investors can increase their holdings without the need to trade directly.
Binance caters to all types of users, beginners or not, as it offers different trading view options. The classic view attracts new market entrants who are still learning their style. While the advanced view is for intermediate to expert investors with a better understanding of the market.
Buy crypto with a credit card on Binance.
Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.
Why buy cryptos with a credit card?
For those who see themselves taking long-term crypto investing seriously, it shouldn’t just be about how to buy crypto with a credit card. It should also be a question of why you should do it.
There are plenty of reasons why you should. To the great benefit of merchants, card payments have proven to be secure, hassle-free and straightforward. You can also make a purchase via cash advance when using a credit card, which is rarely available on other online payment platforms.
Cash advance
Credit cards allow you to borrow money from the issuer when making a purchase. This is a convenient option if you are planning to make a big deal but don’t have the financial capacity. However, remember to exercise caution as digital assets are highly volatile and you could lose big instantly.
Proven security
Credit card payment is one of the fundamental means of payment on crypto exchanges. He had proven to be a safe choice long before other transfer options became available. Only verified accounts are allowed to make transactions, which are then protected by high security features such as multi-factor authentication.
Instant purchase
On average, buying crypto with a credit card only takes five to ten minutes. It then becomes instantaneous once you have linked your card details to your trading account after the first purchase.
How to buy cryptos with a credit card on eToro – Tutorial
Now that you’ve decided to start investing in crypto, here’s how to buy crypto with a credit card using the FCA-regulated platform eToro.
Step 1: Create an account
First visit the eToro official website. Enter your username, email address and password in the space provided on the registration page. You can also link your Google or Facebook account.
Step 2: Verify account
eToro asks new users to confirm their email address or mobile number before proceeding. It uses a strict verification protocol to prevent fraud from occurring. After confirmation, you will be automatically redirected to the platform. Click “Verify Account” on the dashboard and present government-issued IDs such as a passport and driver’s license to continue.
Step 3: Deposit funds using a credit card
After verification, eToro will send you an email confirming your account accreditation to trade and can now start depositing. For your convenience, you can also choose to link your credit card at this stage if you plan to use the same payment method regularly.
Step 4: Buy your first crypto
To buy your first crypto using your credit card, simply type the coin you want to buy in the search bar, enter the amount and click “Open Trade” or “Set Order”. Here’s how to buy crypto with a credit card, hassle-free for beginners.
Buy Crypto with Credit Card on eToro.
Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.
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Disclaimer: Content Produced by CryptoPR
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