How to buy cryptocurrency? This is the most popular
question for those unfamiliar with the crypto industry. Crypto is getting very
popular, people invest in it, purchase, sell, spend, and stock it, depending on
their goals. But what to do first? How to purchase Bitcoin with a bank card and
later exchange it to Ethereum? All the answers are right here!
Let us tell you how to buy cryptocurrency with credit card,
debit card or prepaid card. After reading this article, you’ll have a detailed
guide and a checklist of things you need to buy, sell or exchange Bitcoins.
How to Buy Cryptocurrency with Credit Card or Debit Card
There are 5 main
things needed for a successful transaction:
-
- A wallet
A safe place where you store your accumulated crypto. It can be an app, a website, a device, even a piece of paper with a QR code on it. You will need the address to the wallet in order to work with your assets. The shorter version of the public key is the address, but there’s also a private key. The latter is your signature and anyone else shouldn’t know about it.
- A wallet
-
- Credit or debit card
Unless you plan to use cash or bank transfers, a card is necessary to pay for the amount of crypto you’ll need. This will allow you to buy and exchange online with minimum data provided. It doesn’t matter whether you have the credit, prepaid or debit type, so use whatever is more convenient for you.
- Credit or debit card
-
- Safe Internet connection
Access only secured networks, avoid public Wi-Fi networks as it may be not safe enough and your data can be tracked. Hackers are keen on attacking crypto users, and you don’t want them to know the time or location of your transactions, let alone the keys.
- Safe Internet connection
-
- An exchanger
You need a reliable service that will help you make the transfer, just like Switchere.com. Fast onboarding, free of custody services, seamless user workflow and no hidden fees. You get exactly what you expect.
- An exchanger
Speaking of
control, ‘how to buy cryptocurrency?’
is the next most popular search we’ll cover. Nowadays, buying crypto is as easy
as a mobile top-up. Here’s a handy step-by-step guide:
-
- Create an account on Switchere.com;
-
- Complete initial verification and pass Auto ID verification;
-
- Once verified, you are welcome to use the exchange services either by using the online order form on the main page or by pressing the “Buy / Sell Crypto” button;
-
- Select the cryptocurrency you want to buy, enter amount, choose the preferred payment option and enter your wallet address;
-
- Click “Buy”, double-check the input data and proceed to a payment page;
-
- You’ll be redirected to the secure payment page. Enter your bank card details and press “Pay Now;”
-
- Once the payment has been received, you will get crypto to your provided wallet address;
-
- A full list of your transactions can be viewed in the “Transactions” tab.
This is how to buy cryptocurrency with debit card or
credit card using an exchanger. This is as easy as a shopping tour. After the
first transaction, you’ll have no ‘how to get my BTC?’ questions left. It will
take several minutes of your time with a steady Internet connection.
Now buying crypto
is not a problem at all.
What I Need to Know to Buy Cryptocurrency: Safety Tips
‘Tell me what I need to know to buy cryptocurrency’
is another popular search. Here are some useful tips on working with
cryptocurrency:
-
- Always check whether the wallet address, the
amount needed, etc. are correct. You can’t reverse blockchain transactions,
so it’s crucial that every number and letter is correct;
- Always check whether the wallet address, the
-
- Check
if your card has the online payments feature (3D Secure) active;
- Check
-
- Check
the limit of the online payments and request to increase it if needed;
- Check
-
- Sometimes scammers mask as the bank to get your
data. Don’t provide any passwords and personal information to unknown
‘operators’ or third-parties.
- Sometimes scammers mask as the bank to get your
With the
popularity of cryptocurrency increases the risk, but with enough knowledge and
trustworthy exchange services, you’ll be fine and your sensitive data will
remain secure no matter what.
Best Way to Buy Cryptocurrency: Only Card and Crypto Wallet Needed
‘The best way to buy cryptocurrency’ is the final one in the TOP 3 of most popular searches about crypto. The easiest and most efficient way is using your credit or debit card and a quick, trusted exchanger. It’s convenient because:
-
- Minimum information is needed to create an account;
-
- Trusted online banking;
-
- You do everything via the Internet;
-
- Creating an account allows you to keep track of all operations made through the service;
-
- The process is fast; You pay off the service and get your ordered crypto instead;
-
- A good exchanger should be easy to understand even for newbies.
Finding a suitable
exchange service provider will make it very easy to operate your crypto. Speed
and efficiency are the proof that the best way
to buy cryptocurrency with credit card is through a reliable website.
Everything you
have to do for that is to register an account and have the needed data handy.
Anything involving your finances needs caution, of course, so make sure your
exchanger has safety guarantees, a friendly interface, an informative FAQ
section, among others.
A Summary
Cryptocurrency is
about to make a big comeback in 2020, so we all may need a crypto wallet pretty
soon. To buy or exchange crypto, just be sure you have everything necessary.
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