Buying bitcoins via credit cards is one of the most popular and convenient ways to buy Bitcoin. On most exchanges, if a credit card is used, you will receive instant delivery of your Bitcoins. It’s perfect for buying quickly or buying bitcoin just before a big move. Payments by bank card are indeed much faster than payments by bank transfer. This speed comes at a price, as most cryptocurrency exchanges will charge around 4% for purchases by CB. If time is not a concern, consider buying your bitcoin cash price by bank transfer, as you will save around 3% in fees. Below we will compare and several cryptocurrency exchanges that allow buying Bitcoin by credit card.
Local Bitcoins works a little differently from other exchanges. Prices vary as anyone publishes what they are willing to sell their Bitcoins. Each seller on the page has a revision history, which gives you a good idea of the reliability of the transaction. In addition, the page marks the average response time taken for a supplier to fulfill your order. Overall, it’s a great peer-to-peer alternative to bitcoin cash price shopping than the other services listed above.
Local bitcoins charges a 1% fee for using its service, and depending on the price offered by a seller, you could technically pay a higher price. Local bitcoins is a more private way to buy Bitcoin, which goes for some, justifies the price.
I bought my Bitcoins, what should I do now?
The risk of leaving your bitcoin on a platform is that it is this platform that actually holds your cryptocurrency. Indeed, if the latter is hacked, you have a good chance of losing all your bitcoin (it has already happened many times). Transferring your bitcoin to a wallet is therefore recommended. To choose which wallet to choose, read our guide to the best bitcoin wallets.