Investors who have decided to get into Bitcoin know the challenges that come with purchasing their first coin. Getting money into the cryptocurrency ecosystem isn’t nearly as easy as one would think it is. We have been spoiled by the presence of quick transfers into our brokerage account and don’t realize how helpful this infrastructure is.

Crypto exchanges are the most common ways that cryptocurrency is bought by first-time investors. Local options like LocalBitcoins work fine, but require a lot more effort. You literally need to get out of your comfort zone and go meet people. Users are looking for an option that is simple and lets them test the waters with ease. And as anyone who shops daily - whether online or in-store - knows, credit cards are the easiest payment method to use. So, where can you buy Bitcoin with a credit card safely? And how much will it cost you in fees? Let’s look into it in this article.

Most User-Friendly Method

The fact is that we all use credit cards for almost everything now. The combination of not having to pay for something at this immediate moment and earning some sort of rewards on your spending is enough to incentivize all of us to move our spendings to credit cards. Years ago, there was skepticism about the risks of credit cards, but now it is clear that if you are prudent about paying it down in short order, everything will work out fine.

It is the most user-friendly method of paying for things because of the amount of trust the general population has in the system. They don’t necessarily have to trust the vendor they are purchasing from, they just need to trust the provider of the credit card they are using. The provider takes on all of the risks on the transactions, which makes it easier for users to spend freely.

Who Accepts Credit Cards?

There are numerous ways to buy cryptocurrencies, but most people don’t realize this. To start off, Coinbase, CEX.IO, and Coinmama all permit the purchase of Bitcoin using credit cards. These three exchanges are all major players in the cryptocurrency space, which should help you trust them enough to use them. There are many other exchanges that permit the use of credit cards, but this is subject to change as they gain legitimacy and establish deals with the merchant providers.

One of the reasons why credit cards aren’t offered on all exchanges is licensing. To process a credit or debit card transaction, the exchange should be certified by appropriate authorities. For instance, the above mentioned CEX.IO can boast of owning a certificate of compliance with PCI DSS, the international security standards for businesses that process and store credit card data. This makes the company trustworthy and reliable in the eyes of the customers and assures of ultimate service security. Here is why you won’t see some of the smaller exchanges offer credit cards as a payment option.

What are the General Fees