SECTIONS

 — Sponsored by Ghost Hunter Apps

 

Buying Bitcoin with Your Credit Card

Elisa Ortiz, 02/27/2019

Bitcoin and other cryptocurrency value can fluctuate. If you time it right, you can make a lot of money trading cryptocurrency.  

If you’ve been paying close attention to digital currency, then you’ve probably heard about how high the value of Bitcoin was. In 2018, the value of a single Bitcoin reached almost $20,000. That value has since gone down, but it still hovers around the $3,000 mark making Bitcoin one of the most valuable cryptocurrencies in the world.

Bitcoin and other cryptocurrency value can fluctuate. If you time it right, you can make a lot of money trading cryptocurrency.

What is Cryptocurrency?

Cryptocurrency isn’t easy to explain, but we’ll give it a shot. Basically, it’s a form of digital currency. Bitcoin is the most well-known one but there are lots of other ones.

In order to work, cryptocurrency uses cryptography to make sure that the transactions are secure. Cryptography is the process of converting ordinary text into unintelligible text, which is how it stays secure.

A Small History of Cryptocurrency

There have been lots of attempts to create digital currencies. In 2009 an anonymous programmer-or a group of anonymous programmers-known as Satoshi Nakamoto came up with Bitcoin. Satoshi Nakamoto said that Bitcoin was invented to be a “peer-to-peer electronic cash system.”

Cryptocurrency is decentralized. This means that there are no centralized servers involved. There is no controlling body or authority such as government to regulate it. This is one of the main reasons why Bitcoin has become so popular and is being touted as the currency of the future. It may be the first global currency.

Cryptocurrencies make use of Blockchain technology where every participant has access to the public ledger that records all the transactions within the network. If you were to buy or sell cryptocurrency today, you would be assigned a digital wallet where that currency is held. It also gives you a public and private key you can use to authorize transactions.

To complete a transaction, you input your private key. All the details of the transaction, except your private key, are available in a public ledger that can be accessed by everyone in the network.

In short, cryptocurrency allows you to trade online without third party involvement. It can be as anonymous as you want it to be.

Can You Buy Bitcoin with a Credit Card?

Yes, you can buy Bitcoin with a credit card, although it’s not as simple as providing your credit card information to the website. You have to go through a platform called an exchange where your real-world money is exchanged for Bitcoins. The problem is that many exchanges are just scams that are meant to steal your credit card information. That’s why it’s important to only use an exchange platform that you have thoroughly researched.

To use any one of these exchanges, you have to create a virtual wallet in the form of a Bitcoin address. It’s very similar to your PayPal address or your virtual bank account where your purchased Bitcoins will be sent. Here are the steps to purchasing Bitcoin with your credit card:

· Visit the chosen cryptocurrency exchange.

· Choose the amount you want to spend on cryptocurrency or amount you want to buy.

· Input your ID for verification.

· Create your virtual wallet.

· Input your credit card details.

· Wait for cryptocurrency to be sent to your wallet.

The Pros and Cons of Buying Cryptocurrency Using a Credit Card

Here are some advantages and disadvantages to buying cryptocurrency with a credit card:

Pros of Buying Cryptocurrency with a Credit Card:

· It’s pretty straightforward.

· You can buy cryptocurrency even when you don’t have cash.

· You don’t have to go through other third-party sites.

· You get to enjoy the rewards and benefits that come with spending money through your credit card-this only applies to your specific credit card and what rewards it offers.

Cons of Buying Bitcoin with Credit Card:

· You can overspend.

· You run the risk of your credit card information being stolen if you don’t use a trustworthy exchange.

· You may go into debt for buying Bitcoins that have a highly fluctuating value.

· You may have to pay a transaction fee.

Buying and selling cryptocurrency with a credit card can be a good way of making money. If you don’t max out your credit card, and are strategic, then you’ll also enjoy the rewards that come with purchasing it with a credit card.

Buying Bitcoin with Your Credit Card

 
HEADLINES
IN THE NEWS

Story of Jesus Christ was a HOAX designed to control the people, Biblical scholar claims
The 'peaceful' Messiah story was invented, a scholar has sensationally claimed...
— S. Rogan (strangeradiocentral.com)

NASA Eyes Wild Space Tech Ideas to Mine the Moon and Asteroids
Two far-off NASA concepts could quickly survey lunar craters for astronauts and help identify mining...
— A. Leaf (strangeradiocentral.com)

The mystery of the 100 ton ‘boxes’ at the Serapeum of Saqqara
Ancient precision at its best...
— Finn Sawyer (strangeradiocentral.com)

Yellowstone volcano: Why are THOUSANDS of animals leaving the active supervolcano?
THOUSANDS of Yellowstone animals are migrating away from the active supervolcano, scientists announc...
— Finn Sawyer (strangeradiocentral.com)

Noah's Ark Christian Theme Park is suing its insurance company for Rain Damage.
Heavy rains begin to fall, inundating the earth around it. So they sued....
— S. Rogan (strangeradiocentral.com)

Security camera captures bizarre scene in Colorado Springs
No one seems to know "what the heck" was wandering around her neighborhood......
— A. Leaf (strangeradiocentral.com)

MORE NEWS

The ‘sex slave’ scandal that exposed pedophile billionaire Jeffrey Epstein -TRUMP, CLINTON, PRINCE ANDREW
“I’ve known Jeff for 15 years,” Donald Trump said. “Terrific guy. He’s a lot of fun to be with."...
— S. Rogan (strangeradiocentral.com)

Trump - The God Doctrine
How evangelical Christians are guiding Trump’s foreign policy....
— A. Leaf (strangeradiocentral.com)

Putin jokes about Jews and money during visit to Crimea
Russian president suggests Netanyahu should be invited to unveiling of new synagogue in region...
— Finn Sawyer (strangeradiocentral.com)

Religion in US ‘worth more than Google and Apple combined’
Faith is worth $1.2tn a year - more than combined revenues of 10 biggest tech firms in America...
— S. Rogan (strangeradiocentral.com)

ALL FISH FROM PACIFIC TEST POSITIVE FOR RADIATION FROM FUKUSHIMA
“No cause for concern” … nothing to see here. Do you really believe that?...
— A. Leaf (strangeradiocentral.com)

Exorcists are back and people are getting hurt
The rise of exorcism in Catholic and evangelical churches is like a new Inquisition. But there are w...
— A. Leaf (strangeradiocentral.com)

A Giant Severed Wolf Head From 40,000 Years Ago Has Been Unearthed in Siberia
Preserved since the last Ice Age...
— Finn Sawyer (strangeradiocentral.com)

Bitcoin Threatens To 'Take Power' From The U.S. Federal Reserve
Despite the volatile crypto markets, we’re seeing governments and businesses adopting blockchain tec...
— S. Rogan (strangeradiocentral.com)

Hypersonic Weapons Are Almost Here
And They Will Change War Forever...
— Finn Sawyer (strangeradiocentral.com)

How the Jews Invented God, and Made Him Great
It took a traumatic crisis to make him into the all-powerful creator of the world...
— A. Leaf (strangeradiocentral.com)

'Holy sh*t, what is that?' When Top Gun Pilots Tangled with a Baffling Tic-Tac-Shaped UFO
Fighter pilots and radar operators from the USS Nimitz describe their terrifying—and still inexplica...
— S. Rogan (strangeradiocentral.com)

Senators receive classified briefing on UFO sightings
US senators and the Senate Intelligence committee received a classified briefing about reported enco...
— A. Leaf (strangeradiocentral.com)

PLEASE SUBSCRIBE AND FOLLOW US ON SOCIAL MEDIA
SPREAKER |  TWITTER |  FACEBOOK |  SOUNDCLOUD |  YOUTUBE

STRANGERADIOCENTRAL.com
"Quality Internet Radio and Podcast Production."
© Copyright - AO2 IT CORP. - 2019. All Rights Reserved.
Privacy Policy

 
StrangeRadioCentral.com