If you’re looking to buy crypto for the first time, purchasing Bitcoin (BTC) may be at the top of your mind because it’s the original cryptocurrency and due to its widespread adoption. And what better, easier way to jumpstart your journey to owning BTC than by using a credit card? In this article, we’ll explain how to buy Bitcoin with a credit card.
We’ll also give you a glimpse into how to buy cryptocurrency for beginners while exploring user-friendly crypto coins like JetBolt (JBOLT). This zero-gas altcoin enables users to transact without paying any gas fees.
Let’s break down the process of buying Bitcoin and why JetBolt is also attracting growing interest and attention from the crypto market.
A Quick Look at Bitcoin (BTC)
Bitcoin (BTC) is the pioneer cryptocurrency, launched in 2009. It allows users to transact directly with one another without relying on banks to process the transfer. Like fiat currencies, BTC can be used to purchase goods and services—provided the merchant accepts Bitcoin as a payment method.
Things to Consider Before Buying Bitcoin with a Credit Card
Purchasing Bitcoin with a credit card is relatively simple. But before you proceed, here are some important things to consider:
- Supported Credit Cards
Not all credit cards allow Bitcoin purchases but major providers like American Express, Visa, and Mastercard do support them. However, while they allow cryptocurrency purchases, many banks that issue these cards do not. Conduct your own research before using a credit card to buy Bitcoin.
- Crypto Exchange
An exchange is an online platform for buying or trading cryptocurrencies like Bitcoin. Some exchanges allow Bitcoin purchases using credit cards, while others do not support this payment method. Binance, Coinbase, and Kucoin are some of the popular platforms for purchasing Bitcoin via credit card. However, choosing your own exchange is vital, and you need to do your own research before you select one.
- Fees
Keep in mind that each card issuer may charge different fees, such as cash advance fees, while exchanges may also apply their own transaction or service fees.
- Storage Method
After purchasing Bitcoin, you’ll need a secure place to store it. Most cryptocurrencies are kept in a crypto wallet, but storage options depend on where you buy your Bitcoin. If you buy through an exchange, you can choose between a hot wallet (online storage for easy access) or a cold wallet (offline storage for enhanced security) amongst some of the possible options. Some buyers opt to keep their Bitcoin on centralised crypto exchanges, but before you do this, please understand that all the ramifications pertaining to keeping your crypto on an exchange.
How to Buy Bitcoin with a Credit Card
Here’s a step-by-step process to buying Bitcoin with a credit card:
- Create an Account: First, sign up for a crypto exchange that supports credit card purchases. You may need to complete the Know Your Customer (KYC) process by verifying your identity with personal information.
- Link the Credit Card: Once your account is verified, link your credit card by entering your full name and card details.
- Buy Bitcoin: Go to the purchase section of the exchange, select Bitcoin, enter the amount you want to buy, and select credit card as your payment method.
- Complete Your Purchase: You’ll be redirected to your bank’s one-time password (OTP) verification page. Follow the instructions to complete the verification. Once approved, your Bitcoin will be deposited into your crypto wallet.
How to Buy Cryptocurrency for Beginners
Now that you know how to buy Bitcoin with a credit card, the process is more or less the same when purchasing other cryptocurrencies. While Bitcoin is the most well-known, it’s just one of many options in the crypto space.
If you’re looking to buy other cryptocurrencies, here’s a simple step-by-step guide to get started:
- Choose a Crypto Provider: Start by creating an account on a platform that supports crypto purchases, such as a crypto exchange, a crypto ramp, or a payment app.
- Fund Your Account: After verifying your identity on a crypto exchange or other platform, the next step is to fund your account. Crypto exchanges may require a minimum deposit, which users must add to their accounts before making a purchase.
- Buy Crypto: Once your account is funded, log in, choose the cryptocurrency you wish to purchase, enter the amount you want to buy, select a payment method, and confirm the transaction details.
Explore JetBolt (JBOLT): An innovative new Crypto
Buyers are increasingly looking for newer and next generation cryptocurrencies that showcase distinct innovations. JetBolt (JBOLT) is amongst the next-generation cryptocurrencies with revolutionary features. This new altcoin is packed with zero-gas technology, which eliminates gas fees—something that often confuses or discourages crypto users.
For those curious about crypto-staking and earning crypto rewards via staking, JetBolt makes it fun and engaging with its easy-to-use design. JetBolt’s crypto-staking platform allows stakers to earn additional rewards when they stake their tokens and also engage on the platform at the same time.
Aside from that, JetBolt offers a user-friendly integrated Web3 wallet. While other crypto wallets may be complex for crypto beginners, users can easily buy JetBolt tokens using a credit card thanks to its features like face ID authentication.
JetBolt is currently in presale, and buyers are rushing to get their JBOLT tokens during this period. Plus, presale buyers can enjoy discounts when they purchase Alpha Boxes or JBOLT tokens in batches. Since JetBolt is in the presale phase and not yet listed on exchanges, buyers can acquire JBOLT tokens by visiting the official website.
Getting Started with Cryptocurrencies
Bitcoin is the world’s first cryptocurrency, which is why it’s no surprise that many crypto purchasers want a piece of this crypto asset. However, for those who like to delve into cryptocurrencies beyond Bitcoin, JetBolt is amongst the young innovators that has been gaining popularity. With its features and explosive presale, JetBolt has achieved a remarkable milestone of 340 million tokens sold.
Get the full scoop on JetBolt’s by checking out the official JetBolt website today.
Please be aware and understand that this write-up does not provide financial advice. All cryptocurrencies can be risky and volatile, including Bitcoin and any and all coins and tokens discussed here. Always conduct due diligence and thorough research before acquiring any crypto asset.
