Buy Bitcoins with Credit Card Instantly
- August 10, 2017
Learn how to buy bitcoins with credit card instantly
Bitcoin is one popular cryptocurrency which was introduced around 2009. In this few years’ time, this digital currency is successful enough in gaining the trust of millions of users. It is a peer to peer transaction system that helps you to send or receive money from any corner of the globe at a meager cost. This concept was invented after years of thorough research by a software developer. This concept is not backed by any tangible commodity such as gold or silver; many portals are coming up where you can trade it with ease. It is an open source product which is accessible by any user. All you need is an Internet connection, an email address and money to get started.
Where does it come from?
Bitcoin is mined on a distributed network of users running on specialized software. The network solves certain mathematical systems and searches for certain data sequences which produce a pattern when the algorithm is applied to it. Each match produces a Bitcoin. This process is complex, and it needs enough energy and time. In total there are 21 million Bitcoins to be mined, and accordingly to experts, the last Bitcoin will be mined around 2050. The network validates all transactions using the new concept of cryptography.
How does Bitcoin work?
It is a digital currency which is transferred from one account to another via the internet. To access these currencies, you don’t need a bank account. This new concept is also named as online currency which is distributed globally using the internet. Users can buy it with cash, debit or credit cards. To store digital currencies, you need to have wallets. These digital currencies can be used anywhere in the globe, and it can help you to buy any particular product or services.
Buying Bitcoins with Credit card
There are numerous ways of buying Bitcoins; it is important to select options that are best for your purpose. Many individuals are seen preferring hard cash, but credit and debit cards can also be used. Popular web portals are available where you can buy Bitcoin using credit or debit card. SpectroCoin is one popular online exchange where you can acquire $50 or less Bitcoin within ten minutes time. With time as you prove to be a reliable customer the limits are raised to $250 in 4 days and $500 in 7 days’ time.
Important things to consider
Buying Bitcoin using credit or debit card is easy, and it takes few minutes time, but these services can incur higher fees. It is important to compare the facilities with reliable service providers. The main reason behind such high fees is a higher risk of fraud and processing fees. Many users around the globe prefer this mode of payment, and it helps them to get equivalent digital currencies transferred to your wallet in few minutes time. There are hundreds of ways to buy Bitcoins; it is important for users to compare and check every detail before purchasing to get the best of deals.