Cryptocurrency like Bitcoin has been a trendy investment since 2021. Every day, more people want to buy crypto, but they have questions. One question asked the most is: Can one buy BTC with a credit card? The answer is yes, but there are some things to know beforehand.
Does the Card Issuer Allow BTC Purchases?
Although buying cryptocurrency with a credit card is allowed, not every card issuer is on board. Investors who want to use their credit cards to make purchases should check with their card issuer first.
Choose a Platform
Not all exchanges accept credit card payments either. Do some research and find exchanges or Bitcoin ATMs that allow credit card transactions.
Consider the Location
Even if an exchange allows credit card purchases, it might not apply to investors from certain countries. For example, some platforms allow credit card purchases in Europe and the United Kingdom. Yet, these same platforms don’t allow credit card purchases for U.S. purchasers.
What Are the Fees?
Most people who want to use a credit card to purchase BTC can find a platform or ATM that allows this purchase. However, some people find the transaction fees for using credit to be too high. Transaction fees are in addition to market fees and commissions. In some cases, the card issuer might also charge a purchase fee.
The bottom line is, yes, one can buy BTC with a credit card. Yet, investors want to consider the fees and find the right platform. To buy with a credit card, visit RockItCoin now.
