Cryptocurrency has taken headline after headline, after Bitcoin’s value spiked and Elon Musk tweeted about Dogecoin.
It has led to many people wanting to get started in the new, interesting world of cryptocurrency. However, some can’t figure out the first step of cryptocurrency — how to buy it.
Luckily, it’s easy to learn how to buy crypto with credit card services. If you have a bank account, or really any kind of money, you can invest in most major coins easily.
Keep reading below to learn how!
Research How to Buy Crypto With Credit Card Services
If you’re thinking about getting started with cryptocurrency, the first step is the most crucial — research.
You need to get a sense of as many different kinds of coins as you can and learn about the communities behind them. You should also try to learn a little about the technology behind cryptocurrency, the blockchain.
Blockchain is one of the most innovative and impactful technologies in the world. In a sense, it acts as an infinite registry recording all the transactions and communications between computers.
It guarantees that the information that a computer receives is legitimate.
In a world where information and truth are constantly under duress, it’s an invaluable kind of technology. And from it, many communities have been built on social media.
These communities create value — the more members of a community that uses a coin, the more it’s worth investing in.
Learn All Your Options Before Making a Decision
Ever since Blockchain technology was developed, thousands of coins have launched.
Some have gained national and international attention after celebrities endorsed them or they reach mind-boggling values. For example, Bitcoin’s spike helped make some early investors overnight billionaires.
The potential is there for your cryptocurrency journey to be successful. However, you need to do research before making any moves. And, conducting research on cryptocurrency isn’t just about looking at spreadsheets and estimating future values.
It’s also about talking with some of the people who actually use the coin and learning about the community. If the community seems unstable or fragile, then the coin is the same.
By investing in a coin, you’re investing in a community and you need to make sure you can be a part of it.
Popular Payment Services Usually Have Crypto Features
Along with the development of new cryptocurrencies came the development of new exchanges. Many early exchanges have grown into full-fledged companies, with some expected to be traded publically soon.
However, these larger exchanges also usually charge some of the highest fees.
That’s why smaller exchanges have been developed, trying to save new investors money. Your profits and wallet value is what should go sky-high, not the fees you need to pay to invest in open currencies.
For example, this site offers new investors low fees and fast transfers.
Once you purchase the cryptocurrency you want to invest in, you don’t need to keep your coins on the exchange. Instead, you can transfer them to a wallet on another service. Or, you can set up a wallet on your own, using your own personal devices.
All you need is a credit card to get started!
Use Paypal? You Can Buy Bitcoin
Even financial institutions that once shunned Bitcoin and cryptocurrencies have gotten aboard.
Paypal, perhaps the biggest financial service and one of the most recognizable, now offers Bitcoin services. If you have a Paypal account, you can purchase Bitcoin and get started with one of the most known cryptocurrencies out there.
However, most big names only allow people to purchase major cryptocurrencies. In essence, it prevents new communities from growing with money from new investors.
Worst of all, it prevents new investors from enjoying the overnight success other investors did.
That’s why more and more people are using exchanges specifically designed for cryptocurrency investors. With more options and coins to invest in, there are more chances for success.
Since Paypal offers credit card services, you can use your card to fill your bitcoin wallet!
Get Out of the House and Find a Bitcoin ATM!
As cryptocurrency became more and more acceptable in the world, more ways to purchase major coins were developed.
One of the new ways to buy coins is meant for people uncomfortable with technology — Bitcoin ATMs. With these, you can purchase Bitcoin in the same way that you would withdraw money.
All you need to do is find a Bitcoin ATM near you and grab your real-life wallet. Then, you can use your debit or credit card to fill your virtual wallet.
With just a short drive out of the house, you can be the proud owner of a whole new kind of currency.
These Are the Simplest Ways to Fund Your Digital Wallet
The best part about using Bitcoin ATMs is their sheer simplicity. Many people can be confused by the requirements of exchanges, such as with processing fees and Blockchain technology. These ATMs remove all that complicated jargon from the equation.
If you know how to use an ATM, you know how to buy Bitcoin. All you need to do is find an ATM near you.
Expect Fees From Credit Card Providers for Buying Cryptocurrency
Purchasing cryptocurrency with a credit card could, unfortunately, lead to some fees from your credit card agency.
Many may consider the transaction as a cash advance, which usually comes with a one-time fee of up to 5%. You may notice a higher account balance than expected by using a credit card.
However, many coins experience such quick growth that you do not need to worry about the fees. Just time the market right and cash out what you need to pay it off, and you will be left with some amount of cryptocurrency you can grow.
Getting Started With Cryptocurrency Is Easy
It’s easy to learn how to buy crypto with credit card services, but that’s just the start of the journey.
Once you get your coins and fill your wallet, you have a whole new list of things to learn. You need to watch the market for extreme fluctuations and talk with the community about how to respond to them.
By investing in a cryptocurrency, you’re committing to learning a lot more about how technology and the internet works.
Luckily, there are people who can help you. Just keep reading our website for help with investing in crypto.