Deposit bitcoin with credit card
There can be couple of options to load the funds to your account at a bitcoin trading platform besides credit cards including bank wire transfers, alternative payment providers and cryptocurrency funding.
These options can be time consuming, expensive or difficult for beginners. Paying by credit card makes the account funding a piece of cake even in terms of bitcoin trading. Other branches are less popular. You can even use a bitcoin debit card, like Wirex, Xapo or Cryptopay card to load the funds to your account directly.
Bitcoin debit cards work like an ordinary bank card where you can spend the prefunded amount anywhere and anytime. The cards support a fiat currency and you can convert the balance into bitcoin directly. You can also fund your bitcoin trading account with bitcoin from these bitcoin debit cards. Paying with credit card is one of the quickest solution to fund your bitcoin trading account.
Once the money is on your account, you can start trading right away as the amount appears as deposit just after you hit pay. Withdrawals works the same way. After adding the details of your card, the platform sends the proceeds from the trading directly to the card. This again happens quickly without the need to wait days for the bank wire transfers, so the profit you have gained from bitcoin trading can be used immediately. Users must be aware of the fees that are associated with paying with credit cards.
The bitcoin trading sites namely charge users certain fees for depositing money using credit cards. Couple of bitcoin broker applies minimum payment threshold for paying with credit cards. If you want to trade anonymously, you have to find another method to fund your account. As when using your credit card the details of the card holders are shared with the platform. The only exception to this is if you are using an anonymous bitcoin debit card, which still allows you enough privacy.
Moreover, deposits in Russian Rubles are only allowed through credit cards. They do not apply mininum threshold for credit card payments, but they do suggest some minimums.
The deposit costs 3. All major credit card branches are accepted at SimpleFX. Visit Coinbase Website Read our Coinbase. You can withdraw funds even to their own Avatrade Mastercard. Accepting credit card at Bitcoin trading site makes the deposit funding a quick and easy process There can be couple of options to load the funds to your account at a bitcoin trading platform besides credit cards including bank wire transfers, alternative payment providers and cryptocurrency funding.
Advantages of Accepting Credit Card Paying with credit card is one of the quickest solution to fund your bitcoin trading account. Disadvantages of Accepting Credit Card Users must be aware of the fees that are associated with paying with credit cards.