Buying crypto with a credit card is a fast and easy way to dive into the crypto space. However, you need meaningful insights into the process, possible fees, and security to ensure your crypto is safe. In the steps that follow, we will guide you on how to purchase cryptocurrency with relative ease:

Choose the Exchange

This is the first step. Choose an exchange that provides you with reputable services and accepts orders with a credit card. Some popular crypto exchanges that allow you to buy crypto with credit card are Binance, Coinbase, and Crypto.com. Make sure the exchange is secure, complies with regulations, and offers quality services to users.

Create an Account

Make an account and complete your customer Identity verification. This involves providing personal information, including your name, email, and phone number, and verifying your identity with a government-issued ID. This step is part of the know your customer (KYC) regulations.

Add Your Credit Card

Just go to where you make the payment or deposit on the platform. Click on the credit card addition option and fill in your details. Additional verifications such as 3D secure or one-time password could also be required depending on the exchange.

Select the Cryptocurrency

Select the Cryptocurrency You Want to Purchase.

Examples are: Bitcoin (BTC), Ethereum(ETH) and Ripple(XRP). Then indicate the amount of fiat you want to spend on the purchase.

Confirm Your Purchase

Check out the transaction info, amount of crypto you are going to get and the commission fees. Fees for credit card transactions are commonly more expensive than fees assessed on bank transfers or other forms of payment by 2% to 5%. If you are satisfied with all the info just click on buy to complete the transaction.

Conclusion

After buying, it’s advisable to transfer your crypto to a secure wallet as the exchange you are using could go under or be hacked at any time. By following these steps, you can buy crypto conveniently and securely with your credit card.