Nigeria: Buy Bitcoin With Credit Card Instantly - Top 5 Sites

Credit cards have become one of the most favorite methods of buying Bitcoin and other altcoins among investors. However, until recently, this was not a favorite payment method it involved lots of fraud. Today, many anti-fraud companies and brokerage firms make it possible to safely and easily buy Bitcoin using a credit card.

Due to this, several cryptocurrency trading platforms offer purchasing cryptos using bank cards.bet9ja.com So, what are the best platforms to buy Bitcoin with credit, how you’ll be able to do that, and what do you need to consider before starting? This guide will provide you with everything you need to know about this payment method and discuss all its advantages and disadvantages.


Best Brokers to Buy Bitcoin with Credit Card in September 2021As you will find plenty of cryptocurrency exchanges that allow you to buy Bitcoin with a credit card, you may be confused about which one to choose to get more efficient and safe trading. For this purpose, we have reviewed several brokerage platforms and introduced the top brokers below to purchase cryptocurrencies with bank credit cards.

eToro
Libertex
Capital.com
Coinbase
Plus500
Revolut
Changelly
Binance

In the above list, we review and suggest brokerage platforms considering some crucial factors. In the first place, we examine their security systems and website safety to recommend the most trustworthy and reliable brokers. Almost all the trading platforms we included in the list are regulated by top financial institutions and have strong privacy policies.


Secondly, we figure out their pricing systems, which includes what trading and non-trading fees the brokers charge. Some brokers and exchanges also apply hidden fees that they can include in the asset price, so you need to be careful with this too. As for trading fees, brokers basically charge either commission fee or spreads or, in some cases, both of them.


At last, if you plan to buy and sell assets frequently, you should choose a broker with lower fees. eToro, for instance, charges only spreads, which are very competitive. In contrast, Libertex does not take spreads but charges low commissions. We also examine their non-trading fees, such as withdrawal, conversion and deposit fees, management costs, and so on, as they can also eat your profits in the process.


How to Buy Bitcoin with Credit Card In this section of our guide, we’ll show you a step-by-step process of how to buy Bitcoin with a with one of our recommended brokers, eToro. Being one of the most popular brokerage platforms, eToro stands out with several features: a social trading platform with unique tools, excellent user experience, strong regulations, zero-commission for trading, etc.


eToro is also a CFD trading platform, meaning you can buy Bitcoin in the forms of CFDs, though it enables you to also buy Bitcoin outright. The platform offers a vast selection of assets and supports multiple payment methods to deposit and withdraw funds. To get started, here’s what you need to do.


Step 1. Open an AccountTo get started, you need to visit eToro’s website and register for an online account by clicking the "Join Now" button. It’s a rapid and straightforward process, as long as you need to fill in some details such as your username, provide an email and create a password. Then, you need to continue the registration process by providing more personal information - name, surname, phone number and answer eToro’s questions about your investment goals.


Step 2. Verify Your AccountDue to its heavy-regulatory systems, verifying your account on eToro is mandatory. There are two verification documents required by the broker - proof of identity and proof of address. For the first verification, you need to upload a photo of your driver’s license or passport, and for the second verification, you need to provide a bank document or utility bill. If you do all the steps appropriately, your account will be verified in relatively a short time.


Step 3. Deposit Funds via Credit CardIn this step, you can eventually transfer some funds to your brokerage account. eToro offers multiple payment methods - bank credit cards, wire transfers, and several e-wallets.bit.ly There are no deposit fees for all of these methods, but eToro takes low conversion fees for non-USD transfers. To deposit funds, click on the "Deposit Funds" button, choose the credit card option, fill in your card details and the amount you want to deposit.


Step 4. Buy BitcoinIf you have successfully completed the previous steps, you are now ready to buy Bitcoin with a credit card. To do that, you need to search BTC/Bitcoin in the search toolbar, fill in the amount you want to buy, and complete your purchase. eToro will immediately process your order and complete your purchase anytime you place the order as the cryptocurrency market is open 24/7.


Buying Bitcoins Instantly with Credit Card without Verification There are several methods to buy Bitcoin with a credit card without going through any verification processes. At first, though, we should mention that all of these options involve higher risks of data leaking and fraud - They are not as safe as trading with regulated brokers as long as top brokers provide strong safety with your information and funds.


Many of the cryptocurrency exchanges that support buying Bitcoin with a credit card without verification are not regulated. So, you need to be very careful not to provide your card details to a susceptive platform.

There are also peer-to-peer marketplaces where you buy cryptocurrencies directly from the seller. On these platforms, you browse around to find the best seller for you, get in touch, and they will directly send it to your Bitcoin wallet. With this in mind, you can also face situations when you send the money but won’t get your cryptos. Hence, you had better select such a P2P marketplace that provides an escrow mechanism.


Another option is to buy BTC from a Bitcoin ATM. You can take a look at the BTC ATMs map to find out if there is an ATM machine near your location and buy Bitcoin with a credit card. But this method also has its drawbacks, most notably high fees and availability.


Advantages and Disadvantages of Using a Credit Card for Buying BitcoinObviously, there is no perfect payment method in all senses - some take longer to transfer funds, others require higher trading fees, and so on. So, you need to select the one that best suits your requirements. With this in mind, before you get started, below you can find the advantages and disadvantages of buying Bitcoin via credit card.


Advantages


Credit cards allow you to buy Bitcoin instantly compared to wire transfers when the purchase may take several days. Several heavily regulated brokers. Crypto exchanges approve credit cards as a payment option. It’s a more user-friendly. Straightforward method of purchasing cryptocurrencies.
Because of being quicker than other payment methods, credit cards give more security in these terms.
With credit cards, there may be some limitations on the amount you can buy to help you invest with caution.


Disadvantages


It may negatively affect your credit score.
Crypto trading platforms may apply higher fees for credit cards.
Some Brokers and exchanges may also limit how much BTC you can buy with a credit card.


Withdrawing Bitcoin from a Brokerage Account After getting your Bitcoin, you can create a personal Bitcoin account and withdraw your cryptos to store them on a Bitcoin wallet more safely. But whether you can do this or not depends on how you made your purchase. If you trade BTC through Contracts for Differences, you actually don’t own the asset, and simply speculate on the price of the asset. Therefore, in this case, you cannot withdraw Bitcoin and send it to a personal wallet.


In contrast to this, buying Bitcoin outright on a crypto exchange will give you the opportunity to transfer your coins to a more secure private wallet. Firstly, you need to find a platform that provides a BTC wallet account, create an account, and complete the transfer. You can find more information on this topic in our guide How to Open Your Free BTC Account.

Best Choice to Buy Bitcoin with Credit Card in the U.S.

- 15+ Cryptos + Wallet Available
- Debit and Credit Card Available
- $200 Minimum Deposit
- Social Trading Platform & Copy Trading
- CySEC & FCA regulated


Where to Buy Bitcoin with Credit Card in September 2021Nowadays, it is crucial to select a trustworthy broker when you buy Bitcoin with a credit card. This is because you not only trust valuable information about your identity but also you provide your credit card details. And if someone could hack your brokerage account, they can also get access to your credit card and all the checking accounts linked to it.

With that in mind, below we will provide a list of the safest brokers to buy Bitcoin with a credit card. These brokers stand out with their excellent regulations, pricing systems, and some other essential features.


eToro - Zero-Commission Broker to Buy Bitcoin with a Credit Card According to the research we have done, eToro is the best choice to buy Bitcoin with a credit card. It was launched in 2006 and has gained a tremendous reputation among investors, especially beginners who want to get access to a user-friendly and easy-to-use trading platform.bit.ly Today, eToro has 20 million registered users that particularly like this broker due to its social trading platform, the low commissions, and the great trading tools it offers. This includes social trading tools called CopyTrader and CopyPortfolios, which you can use to mirror the trades or portfolio of any professional trader you would like to follow.


eToro’s pricing system is also pretty convenient. To buy Bitcoin with a credit card, you don’t need to pay any commission fees. Instead, eToro charges small bid-and-ask spreads, which is 0.75% for Bitcoin. To start trading on eToro, you need to have a minimum deposit of $200 on your brokerage account. There are no extra deposit fees, though you need to take into account a $5 withdrawal fee every time you withdraw your cash.


At last, eToro is a fully licensed legal broker that is regulated by such top institutions as FinCEN in the US, FCA in the UK, ASIC in Australia, and CySEC in Cyprus. This means eToro guarantees your safety of funds, making it one of the most reliable brokers worldwide.