Guide To Withdrawing Crypto To Credit Card
Buy usdt tether with credit card in 2022 is now simple thanks to the acceptance of several payment methods previously unavailable.
Withdrawing cryptocurrency to a credit card is an easy and convenient way to convert and use your digital assets into traditional currency that can be easily transacted in markets for everyday expenses.
Many investors prefer credit card payments since they’re secure and easy. If you want to purchase crypto using a credit card, this article is for you.
WHY BUY BTC WITH CARDS?
Best crypto exchanges provide several payment ways. This includes ACH, domestic bank transfers, crypto, and in certain situations, Paypal.
Below, we explain why you may want to purchase Bitcoin using a credit card.
- Instant Bitcoin
Buying Bitcoin using a credit card is often instantaneous. Credit cards enable you to purchase Bitcoin and other cryptocurrencies quickly.
Notably, before buying Bitcoin using a credit card, you must first open an account with the exchange in question and pass a KYC check.
Nonetheless, once authenticated, you may use your credit card to deposit money and then purchase Bitcoin.
Using a standard bank wire or ACH transfer might take 1-3 business days. Nonetheless, the Crypto.com app offers quick ACH deposits, so this is one option.
- Beginner-friendly
First-time bitcoin buyers must pay in US dollars. Credit cards are the easiest method to do this.
Using a beginner-friendly exchange like eToro can assist you through the credit card deposit procedure. Using a credit card to purchase Bitcoin for the first time shouldn’t be difficult.
- Minimal Deposits
We noticed that the top Bitcoin exchanges allow minor credit card deposits.
The minimum deposit for US consumers to purchase Bitcoin using a credit card is $10. Due to processing expenses, conventional bank transfers demand a larger deposit requirement.
- Credit card payments are now fee-free
Crypto exchanges’ hefty credit card fees sometimes deter investors. The usual credit card fee is 3-5 percent. Even at the low end, you’ll pay $3 for every $100 invested. Eliminates credit card deposit costs completely. The exchange accepts fee-free US dollar credit card deposits.
- Mobile-Friendly
Many crypto investors choose to purchase and sell Bitcoin using mobile apps. To your delight, the greatest crypto applications on this market accept credit card payments.
This allows you to trade Bitcoin on the go, wherever you are. Unlike ACH or domestic bank wire deposits, crypto app deposits need external transfers.
- Secure
Credit card use at a trustworthy exchange, like the ones reviewed, is safe. Yes, you must input your credit card information straight onto the exchange’s website.
To accept credit card payments, the five companies covered here utilize encryption techniques. This prevents the exchange from seeing your credit card details. It is thus safe to purchase Bitcoin using a credit card, provided the site is credible.
- Withdrawals
Buying Bitcoin using a credit card also allows for easy withdrawals. You’re probably investing in Bitcoin to earn money. Only by selling Bitcoin for cash can you realize potential benefits. eToro and Crypto.com let you withdraw US dollars to the same credit card you used to deposit.
Top 5 Bitcoin Exchanges for Credit Cards
Consider the five venues below to purchase Bitcoin with a credit card right now.
- Trastra – Most Trusted Place to buy Ethereum with SEPA.
- Crypto.com: Buy Bitcoin with Credit Card through App
- Binance allows credit card purchases of Bitcoin and 80+ other cryptocurrencies.
- Coinbase – A Beginner’s Guide to Buying Bitcoin
- Kraken – Trusted Bitcoin Exchange Accepting Credit Cards
Conclusion
Before you attempt to withdraw cryptocurrency to your credit card, make sure that the platform you are using, supports this function and that your credit card is compatible with the platform.
