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How to Buy Bitcoins with Credit Card (, LocalBitcoins, Coinbase, CoinMama, BitPanda)

How to Buy Bitcoins with Credit Card (Cex.io, LocalBitcoins, Coinbase, CoinMama, BitPanda)

Buy Bitcoins with Credit Card: Bitcoins have been around for fairly some time now, but even today not everyone has “trusted” solutions to ordinary questions like How to buy Bitcoins with credit card.

Hence that’s what I’m aiming to solve across this chunk. I’ll walk you through some of the best platforms to buy Bitcoins with credit card without the least bit of risks involved.

These days more than Ten+ trusted markets which accepting debit or credit card for buy bitcoins but mostly have some powerless points and high fee. Here I am presenting only those bitcoin trading markets which have low fee, good support, and high security.

Most Using Methods:

So without striking around the thicket, let’s get down to the point and finish review of mention five best bitcoin markets which accepting credit card for buy bitcoin.

1). Cex.io

Since 2013, CEX.io has proven itself to be one of the most trusted cryptocurrency platforms on the web. There are numerous reasons why I’m listing it here as the #1 platform to buy Bitcoins using a credit card.

  • Giant country support. (Almost all the countries including twenty four USA states!)
  • Extensive reports for every activity. (Trading, transaction history, real-time balance).
  • Instant Processing: You do not have to wait, at all, in order for the Bitcoins to be reflected in your wallet.
  • Quick account approval.
  • Quick Customer Support (365*24*7), Live Talk also available.
  • Fee Deposit(Three.25%+$0.25), Withdraw(Trio.80%)

Steps to buy Bitcoins with credit card on cex.io

Signup at Cex.io using any of the available options. (Using Facebook login is rapid, but I’d advise against it for added security)

Click on Buy/Sell button on the top.

Specify the amount of Bitcoins you wish to purchase. You can either directly click on a pre-set amount, or specify a custom-built amount.

A popup would come up asking you to fund your account. So just click on fund account.

Click on add a fresh card option.

Inject your card information and click on proceed.

Once you make the payment, the Bitcoins get added to your Cex.io instantly!

WARNING:

Leaving your Bitcoins on an exchange (no matter how secure and reputed) is the worst possible Bitcoin strategy you can ever have. So budge your Bitcoins instantly to your wallet. Not sure which one? Check out list of Best Bitcoin Wallets here!

Two). Local Bitcoins

Local Bitcoin pops up on almost all of our discussions over here, that’s just the aura that the platform has built for itself. Recently we did a lump on How to buy Bitcoins using Paypal and LocalBitcoins was our #1 contender on the list.

  • Feedback and reputation powered: You only deal with traders with good, established reputation and history. No scams there.
  • Seller trust-level can be lightly and deeply verified.
  • Low-fee.
  • Numerous options for payment.
  • Escrow service ensures ensure and protection.
  • Can find your local traders in your area for best deals.

Steps to buy Bitcoins with credit card on LocalBitcoins:

Head over to LocalBitcoins, inject the amount of your local currency you’re willing to spend, and select your country.

Set “National Bank Transfer” as the payment method.

A list would pop up listing all the sellers who’re accepting that payment methods. Choose the most trusted seller you see. (Not sure how to do that? Our article on How to buy Bitcoins using Paypal consists of a section dedicated to spotting the most trusted seller from a list on Local Bitcoins, do check it out!)

Specify the amount of Bitcoins you wish to purchase, include a note/message (optiona), and click on Send Trade Request.

Wait for the seller to acknowledge your message. Once he does, he’d send you the bank details where he/she wishes to receive the payment. Just go after the rules specified by him (if any), and make the transaction.

You can use your Credit/Debit card or direct wire-transfer to send the amount to the seller. I just used my credit card to send the amount to his bank directly.

Mark the invoice as “paid” once you’ve paid the amount.

Once they receive the amount, Local Bitcoins’ escrow would automatically dispatch the Bitcoins to you.

Bonus Method:

The best thing about Local Bitcoins is that there’s a plethora of payments to choose from. So just choose any other option if National Bank Transfer thing isn’t working for you, like Ideal Money per say, add funds to your Ideal Money account using your credit card, and then send those PM funds to your seller.

The same can be applied with any other method on Local Bitcoins.

Trio). Coinbase

Coinbase is one of the most reputed brands in the Bitcoin industry. So the trust factor doesn’t exactly need a fresh introduction. The 6.6Million user-base clearly reflects its capabilities and reputation.

  • Low Fee:- Three.75%
  • 33 Countries supported.
  • $Ten Bitcoin bonus on purchases worth $100+

Steps to buy Bitcoins with credit card with Coinbase:

Click on Accounts (on the sidebar) > payment methods (top bar).

On the next page, click on Add payment method.

Choose credit/debit card as the option.

Inject your Card information on the next page.

The card would require verification and you’d be asked to upload some kind of govt. issued ID which shouldn’t be a problem and is actually a security feature I’m glad about.

Anyway once the verification is finish, click on Buy/Sell on the left sidebar.

On the next page, simply inject the amount of Bitcoins you wish to purchase, choose your payment method and select where you wish the BTC to be deposited.

On the next page simply confirm the transaction.

And you’re done! The Bitcoin would arrive in the deposit wallet you specified.

Extra Information:

  • You can buy upto $150 USD worth of coins/week with a credit card on Coinbase. That’s the limit they’ve imposed to regulate funds and eliminate any fraud attempts which might arise.

Four). CoinMama

CoinMama is on this list for the plain reason that they take pride in being specialized in the art of buying Bitcoins with a credit card. Infact their tagline says “Buy Bitcoins with credit card or Cash”. So yeah they’re pretty serious about it.

  • No verification required upto a limit of $150.
  • High boundaries:- $5000/day and/or $20,000/month!
  • Fee 6.75%, For credit card 5% extra fee

Steps to buy Bitcoins with credit card on CoinMama:

On the homepage itself, just choose or specify the amount of coins you’re willing to buy.

Register on the next screen.

Login into your account and click on Buy Bitcoins.

Specify the amount of Bitcoins you wish to buy. (The very first time was just a demo kind of thing, a way to get to the registration page!)

Choose Debit/Credit card on the next screen. (That’s the only option over there anyway!)

On the next page, come in the Bitcoin wallet address where you wish to receive the coins, and click on proceed to payment button.

Verify that the address is correct on the popup which shows itself and again click on proceed to payment.

Come in your card details on the next page and click next.

The payment would go through Simplex, and your bank account. Anyway once it’s ended (which takes duo seconds at a maximum), the Bitcoins display up in your Bitcoin wallet instantly.

What I Didn’t Like:

  • The price that’s reflected on the website already has a fee of 6.75% included to itself. (Meaning the exchange rates are higher!)
  • In addition to that, there’s an added fee of 5% from Simplex (or any other payment processor they use) for each transaction.

Five). BitPanda

Just because Bitpanda is listed at #Five in this buy Bitcoins with credit card list doesn’t in any way mean it’s not worth it, or less than the other contenders in this list in any way.

Infact to be fair it has some pretty serious edges over most of the others in this list, including:

  • Low Fee:- 3-4%
  • Instant delivery
  • Established reputation
  • High buying thresholds.
  • Elementary steps
  • Minimum verification required.
  • Supports a wide-range of currencies including Bitcoin, LTC, Ethereum

Steps to buy Bitcoins with credit card on BitPanda:

Go to Bitpanda.com and click on Get Embarked.

Pack in the plain registration form and accomplish all the registration steps. (E-mail verification, setting up of a password etc.).

Click on the Buy button at the top-bar.

On the next page, select Bitcoin as the currency of your choice > Choose VISA / Mastercard as mode of payment > And specify the amount you wish to buy.

Again confirm that you’re going to use Visa/Mastercard as your payment method on the next page.

And eventually verify and confirm your order.

The next step requires a verification that you’re indeed the account possessor. An OTP sent via OTP is the easiest way, so just click on it. (Or you can opt for the call verification as well).

Confirm the OTP you received.

The page will then redirect you to your credit card payment page. Inject the card details and click pay.

And in about ten seconds, you get the confirmation that you’re transaction was successful and the Bitcoins arrive in your Bitpanda wallet.

Wrapping it Up:

So that’s all for today folks as far as this guide on “ How to buy Bitcoins with credit card ” is worried.

Do note that there are atleast fifty Bitcoin portals which let you buy Bitcoins with credit card, but we’ve listed only Five. Why? Well because these five are the most trusted, reputed and effortless to use Bitcoin portals on the planet.

All the methods have been personally tested and verified before being listed here, so not sure about the rest 45, but these Five? They surely will let you buy Bitcoins using a credit card in the next duo minutes.

Do let me know if this lump answered your questions, and if you’re still in doubt, just leave a comment and I’ll attempt my best to response your queries to the best of my skill.

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Deloitte Says Consortia Key To Blockchain

Consortia Key To Blockchain’s Success, Says Deloitte

Deloitte has been an early embracer of blockchain technology, and two thousand sixteen was a busy year for the consulting rock-hard in the space. Earlier this month, Deloitte exposed an investment in blockchain startup SETL, a U.K. rock-hard that uses distributed ledger technology for payments and settlement. It was Deloitte’s very first public investment in a blockchain startup, according to reports, but the company had already been working with SETL to develop contactless card solutions for Metro Bank.

Back in October, Deloitte announced Deloitte Catalyst, an incubator to support startups exploring disruptive technologies — and that, of course, includes blockchain. Clearly, the company has its faith set in distributed ledger technology, a technology that has mainly been focusing its disruption on the financial services space.

But a report released by Deloitte earlier this month aimed to highlight the fact that blockchain won’t stop at FinServ in its disruptive path. Indeed, the majority of executives at companies across verticals surveyed by Deloitte said they have at least some skill of blockchain technology. Consumer products and B2B manufacturing are at the forefront of embracing blockchain (aside from financial services), the report found, with thirty eight percent of executives in this space reporting that they have filed for a blockchain patent.

In years ahead, blockchain is likely to make its mark in sectors like media, telecoms and manufacturing.

“This diversity may be a testament to the versatility of the technology,” Managing Director David Schatsky said in a statement. “But it is likely also a reflection of the fact that, despite the hype, the influence that blockchain will likely have on businesses in various industries is not yet fully understood.”

In the years ahead, industries are sure to build up a clearer understanding of how blockchain will disrupt their markets. But for 2017, financial services proceeds to be the largest target of the technology.

“2017 has the potential to be a banner year for blockchain in the financial services space,” Eric Piscini, a principal with Deloitte Consulting LLP and global blockchain leader for financial services, told PYMNTS. “In a latest Deloitte survey of blockchain-knowledgeable executives, just twelve percent of financial services executives said their company has deployed blockchain in production. But they are aiming to pick up the tempo: twenty four percent say these companies plan to go live with blockchain in the coming year.”

According to Piscini, it will be crucial for the success of blockchain that a major trend seen in two thousand sixteen proceeds in the fresh year: blockchain consortia.

This year witnessed the rise in these groups of banks, technology conglomerates and FinTech players banding together to explore blockchain use cases and develop real-world solutions. Among the largest of these groups is the R3 consortium, which Deloitte will be eying closely in the year ahead.

“We will be tracking industry alliances, such as the thirty banks participating in the R3 consortium and adoption by major companies, which will likely result in fresh applications emerging,” Deloitte recently wrote.

Piscini echoed that concentrate on blockchain consortia to PYMNTS.

“Industry consortia will be critical to unlocking mass-scale value and keeping blockchain relevant in 2017,” he said. “With more than twenty consortia in place already, we are on our way to success.”

He added that the concept of collaboration brings fresh power to the exploration of blockchain.

“Smaller consortia are critical for one ordinary reason: If you are on your own in blockchain, the value is utterly limited,” Piscini continued. “They need to include a petite subset of key players at very first, what we call the ‘minimal viable ecosystem.’ These players need to represent all key functions and be represented by financial institutions, technology companies, regulators and consultancies to make them real.”

But, like any emerging technology, doubters persist in the blockchain sphere. Those doubts may grow in two thousand seventeen as R3 comes in the year with a bit of trouble: The group greatly missed its funding target this year when it raised $59 million from its members, despite hoping to raise $200 million. Making matters worse, some of its top members — Goldman Sachs, Santander, Morgan Stanley and the National Australian Bank — all determined to let their memberships in R3 lapse.

Faith in blockchain technology remains, however — with some even arguing that these fights will only clear a path for the true victors in the industry. For example, Chris Finan, cofounder of blockchain begin Manifold Technology, told PYMNTS this month that these troubles have a silver lining and can bring clarity to the ways blockchain will actually make an influence on global markets.

“When the glitter starts to fade away on some of the unrealized promise of the technology — that it was going to be a panacea for capital markets and help institutions fully offload risks — I think people are embarking to say, ‘OK, let’s think more practically about this,’” he said.

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