Buy Bitcoin with Credit Card 2021 | In 10 Minutes - Fast & Secure
Even though the Bitcoin price experienced a slump of 80 percent in 2018, there are now new forecasts so that it could go up again - the 20,000 US dollar mark, which was almost cracked towards the end of 2017, could already fall soon.
But how can you invest in the digital currency? One option, which is extremely simple, is to buy with a credit card. Currently, there is hardly a safer and faster way to exchange your euros for bitcoin.
Buy Bitcoin with credit card: Step by step guide for eToro
Before you can buy Bitcoin, you first need to create an account with a trading platform that supports the currency. Our choice falls on eToro. Here, opening an account is particularly easy and does not even require verification for trades up to €2,000. In addition, the provider is state-regulated and therefore subject to deposit protection.
Step 1: Create an account with eToro
The premium partner of Eintracht Frankfurt and sponsor of many other companies is the regulated and licensed trading platform eToro. This well-known provider is ideal for buying Bitcoin CFDs. Furthermore, eToro offers a nice additional feature with social trading.
Our buttons will take you to eToro's platform, which you may need to switch. Then click on "Register now" to enter your personal data in the next window. Use a secure password and finally accept the terms and conditions to create an account with eToro.
Go to the registration form
67% of retail investor accounts lose money when trading CFDs from this provider.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
Step 2: Deposit money
You will be taken to eToro's home page. From here, select the "Deposit money" option - you can deposit up to €2,000 without verification. However, sooner or later you should still verify yourself in order to be able to use all functions to the full extent.
Now all you have to do is select your preferred method of payment (we choose credit card, of course) and make the payment afterwards. After that your money should be available.
Step 3: Buy Bitcoin with credit card
After you have successfully deposited money, you can start buying Bitcoin with credit card at eToro. Click on "Markets" in the navigation menu and then on "Crypto". Here you will be shown a number of cryptocurrencies and all the necessary details about each one.
To buy the desired Bitcoin, you need to click on "Buy" and then on "Open Trade".
Now the desired adjustments can be made in the buy field.
Here, it is also determined for how many euros one would like to buy Bitcoin.
After clicking on the "Open Trade" button, you automatically buy your desired amount of Bitcoin.
The bitcoin is immediately available in your account.
Congratulations, you have bought your first Bitcoin on eToro. We wish you every success with it!
After the purchase: Store Bitcoin securely
If you have decided to buy real Bitcoins, you need to find a way to store them safely after the purchase. The best way to do this is to transfer the coins to your own Bitcoin wallet. One of the most secure options is the hardware wallet. Here are two of the most popular options:
Ledger Nano S
When is the right time to buy Bitcoin?
Due to the fact that Bitcoin follows the concept of decentralisation and can also be used anonymously, it is probably no big secret that it may well be that Bitcoin will one day become the currency of the future.
There is indeed the possibility that the financial system, as we have known it for decades, will soon be supplemented - and perhaps even replaced - by a new type of possibility.
If one looks at the predictions for the future, it is probably advisable to invest in Bitcoin today. If you wait, you may have to pay a large sum of money to acquire a single coin. If one assumes that the forecasts are correct and that the price of the Bitcoin will soon shoot up, one should therefore put one's money into the cryptocurrency as soon as possible.
After the bitcoin experienced a correction in 2018, it may very well be a good time to invest money in the cryptocurrency now. The probability of a new crash, sometimes even a total loss, is - at the current time - low.
The advantages of eToro when buying Bitcoin with a credit card
If you want to buy Bitcoin CFDs with your credit card, you will find that there are only a few providers that offer this option. For this reason, it is advisable to carry out a comparison in advance - in doing so, you should deal with the topics of security, fees, conditions as well as the general offer. The provider eToro is particularly recommendable.
1. the registration
The registration process can be started on the eToro homepage.
Registration only takes a few moments and does not present any major difficulties even for those users who have never had anything to do with the matter before.
eToro seems to have eliminated any challenges that might have arisen in advance.
2. the user menu
Once you have logged in, you can access eToro's user menu. The interface is available, but you can switch to another language at any time. The menu is clearly laid out and intuitive. It is also possible to switch to the demo account at any time with just one click.
3. the deposit
If you click on the menu item "Deposit", various deposit options will appear. If you choose credit card, the money is immediately available.
The customer must now enter his credit card details. This includes the card number, the expiry date and the three-digit number on the back of the card (CVV). After a few moments the money is available.
4. low minimum deposit
The minimum deposit amount depends on the chosen payment method and starts at 250 euros. The minimum amount is especially appealing to beginners who do not want to invest large amounts yet.
5. the conditions
There are some providers who make customers dig deep into their pockets when it comes to trading cryptocurrencies or CFDs. Hardly calculable as wide spreads are often just as much a part of the fee model as additional commissions. The goal of such providers? To take money out of the pockets of customers who want to be part of the crypto success story - because those who have never dealt with the matter beforehand and have also focused on the wrong positions (if they have done so at all) when making comparisons will sometimes pay high fees.
With eToro, things look quite different.
The trading conditions are extremely customer-friendly. The costs are transparent and are based on the spreads, so that you know in advance what expenses you can expect.
6. free demo account
Another point in favour of eToro: the demo account offered here is free of charge and you can test the functions and strategies at your leisure. So if you are unsure, you can still try out the demo account in advance.
7. also number 1 in the area of security
eToro has a licence under EU law. This means that the customer does not have to worry when it comes to security - eToro is a reputable provider that can be trusted 100 percent.
The advantages of eToro at a glance:
Bitcoin purchase with credit card possible!
State regulations & deposit protection
No Bitcoin wallet necessary
Trading with leverage possible
Several other deposit and withdrawal options
Mobile trading: Apps for Android & iOs available
Free demo account available
Buy Bitcoin via Paypal: eToro
If you want to buy Bitcoin quickly and easily with Paypal, we recommend the broker eToro to start with. Besides a clear user interface, government regulation and the copy trading function, the big advantage of the platform is that eToro offers Bitcoin CFDs as well as real Bitcoin.
Broker and wallet in one
Deposit with PayPal, credit card, SOFORT transfer and more
Over 14 other cryptos tradable
67% of private investors' accounts lose money when trading CFDs from this provider.
A Bitcoin credit card is actually a normal credit card that supports the cryptocurrency. You can load your credit card with Bitcoin and use it in everyday life to pay wherever Bitcoin is accepted.
In the meantime, two types of Bitcoin credit cards have become established. On the one hand, there are Bitcoin credit cards in prepaid format. On the other hand, there are Bitcoin wallet credit cards.
With a Bitcoin prepaid credit card, you can actually pay anywhere where you can also pay the bill with a normal credit card. This is because the credit card is loaded with Bitcoins, but the Bitcoins are directly converted into real currency at the current exchange rate, so you can pay anywhere without any problems. With Bitcoin wallet credit cards, however, you can only pay with Bitcoin by credit card if the payment with Bitcoin is also accepted at this location.
First of all, you should make sure that the provider is a reputable company. Then you should choose a card type that is accepted almost everywhere, such as Visa or MasterCard. Then you should also pay attention to the costs and fees.