Bitcoin and other cryptocurrencies are essential components of any strong investment portfolio, but buying Bitcoin with a credit card safely can be a challenge. CoinFlip offers a safe and reliable cryptocurrency buying, selling, and trading resource through our online platform whenever you want to make a credit card transaction.
Although there are plenty of people who are willing to sell you cryptocurrency in person, the best, safest way to conduct a Bitcoin transaction is by using a verified online Money Services Business (MSB). Here are the top safest ways to buy Bitcoin with a credit card.
Before you acquire any type of cryptocurrency, you’ll need a Bitcoin wallet. You can download a free app for what’s known as a “hot wallet,” which is a cryptocurrency wallet that is internet-connected. Non-internet-connected (offline) cryptocurrency wallets are known as “cold wallets,” which can cost approximately $100, and only store certain cryptocurrencies. They are, however, considered more secure and less vulnerable to regulation than their free counterparts.
Bitcoin currency exchanges are online services that serve as cryptocurrency traders for buyers and sellers. The exchange platform connects buyers with sellers for the best market price. Buyers and sellers who use exchange services are charged transaction fees based upon the cryptocurrency transaction volume.
Before buying cryptocurrency of any kind, remember the following tips.
Be aware: If privacy is a serious concern for you, buying Bitcoin with a credit card may not be the best option, since credit cards are inherently less private transactions than cash purchases.
CoinFlip offers one of the top safest ways to purchase Bitcoin with a credit card. As a licensed MSB, CoinFlip delivers a foolproof resource for not only purchasing Bitcoin and other cryptocurrencies with a credit card or debit card, but with cash through one of our secure Bitcoin ATMs. To learn more about how to buy Bitcoin with a credit card or cash, visit CoinFlip’s FAQ page.