If you are planning to purchase crypto using a credit or debit card, there are several important things you should know. These include exchange fees, transaction processing and conversion charges, and bank policies and restrictions. By comparing prices, comparing exchanges, and checking out the bank’s policy, you can minimise unnecessary expenses when buying Bitcoin with a credit card.Source :theinvestorscentre.co.uk
The best way to buy Bitcoin in the UK is through an exchange. Cryptocurrency exchanges are centralised, regulated platforms that allow you to trade your fiat currency (like the British Pound Sterling) for Bitcoin or other crypto. They usually require a form of identification, like your passport or driving license number, to complete your purchase. In most cases, these exchanges also accept other payment methods.
How to Buy Bitcoin with a Credit Card in the UK – A Step-by-Step Guide
Among the best and most popular cryptocurrency exchanges that allow you to buy crypto with a credit card is Coinbase. Its easy-to-use platform offers an intuitive interface, a variety of payment methods, and security measures such as two-factor authentication. You can even make mobile purchases using the Coinbase app.
Another good option is Changelly, which aggregates offers from other exchanges and crypto selling services. It allows you to purchase cryptocurrencies through a Visa or Mastercard card and supports over 130 cryptos for trading. It also has low fees compared to other exchanges. Lastly, you can also deposit and buy Bitcoin with cash via ATMs or at brick-and-mortar stores that offer crypto payments.