Bitcoin is a payment system using digital currency. It’s essentially a decentralised peer-to-peer payment network with no central authority. So the system isn’t controlled by any government or banking institutions. Bitcoin is controlled by a vast network of computers set up by users around the world.
Founded in 2008, Bitcoin uses consensus in a massive peer-to-peer network to verify transactions.
Getting access to bitcoin has never been easier.
By simply registering in an exchange site like Coinmama you can get access to as much bitcoin as you need.
Coinmama is an exchange site that offers “the easiest way to buy virtual currency”.
How do you buy bitcoins online with credit cards?
You can buy bitcoins online via Simplex, which allows you to pay online and receive your coins quicker.
You can pay with a credit card by creating an order and choosing “Visa, MasterCard” option as the method of payment.
You credit card details are not passed on.
You can then go on to inserting your Bitcoin Wallet address and clicking on “complete payment”.
Enter your credit card details and personal information.
Your payment will be verified.
Once the payment is approved, the coins will be sent automatically to the Bitcoin address you provided.
Coinbase is one of the most popular wallet apps in the world. It lets you buy Bitcoin directly with your credit card. There is no verification but your card needs to use 3D Secure.
There is a growing demand for buying Bitcoin with credit cards anonymously, due to the ever increasing government regulations. As more people want to use Bitcoin to transact freely, they are coming across various stumbling blocks in terms of regulations.
Tips for buying bitcoins online with credit cards:
Create an account with a secure exchange site
Make sure you use a wallet for buying and storing your bitcoin