Cryptocurrency is a digital currency that can be used to buy goods services but rather uses an online ledger with string cryptography to secure online transactions. However, much of the interest in these unregulated currencies is to trade for so much profit.
What is Cryptocurrency?
This is a type of payment that can be exchanged online for goods and services. So many companies have issued their own currencies, often tokens, and these can be traded or exchanged specifically for the good or service that the company provides. The most popular cryptocurrency, Bitcoin has had volatile price movies this year, where it reaching almost $66,000 in April before losing nearly almost half its value in May.
Cryptocurrency is an amazing, incredibly, speculative and volatile buy. It is going mainstream and now becoming increasingly hard for investors to ignore.
Best Cryptocurrency by Market Capitalization
There are more than 10,000 different cryptocurrencies that are traded publicly, according to CoinMarketCap.com. Meanwhile, there are 10 biggest and largest trading cryptocurrencies by market capitalization as tracked by CoinMarketCap, a cryptocurrency data, and analytics provider.
Bitcoin– $70 billion
Etheruem– $315.4 billion
Tether– $62 billion
Binance Coin-$56.2 billion
Cardano-$ 44.4 billion
XRP– $33.9 billion
USD Coin– $27.5 billion
Dogecoin -$26.2 billion
Polkadot– $19.1 billion
Uniswap– $13.7 billion
Why is Crypto so Popular?
Cryptocurrencies appeal to their supporters for a different reason. Below are some of the best reasons why cryptocurrencies are well known. Bitcoin and other cryptos have been anything but very stable through much of their history.
Supporters see crypto such as Bitcoin as the currency of the future and are rushing to buy them now, probably before they become more costly
Also, some supporters like the fact that crypto get rid of central banks from managing the money supply since overtime bank try to reduce the value of money through inflation
Can I Buy Cryptocurrency With a Credit Card?
It is always good to check with a credit card issuer to find out if it allows cardholders to purchase any different type of cryptocurrency.
American Express at the moment allows such transactions with just a few strict terms. However, in addition to double-checking willing to accept credit cards for deposits or purchases.
Few only permit direct deposits from banks, cash deposits, or debit purchases.
Some other supporters like the technology behind cryptocurrencies, the blockchain, because it is decentralized processing and also a recording system and can be more secure than traditional payment systems.
Points to Consider before Using a Credit Card for Investing in Crypto
- Low privacy as cryptocurrencies with credit card transactions
- Low privacy as your crypto exchanges mostly needs verification
below are some of the crypto exchanges that are worth taking a very closer to look at if you consider purchasing cryptocurrencies with a credit card
Cryptocurrencies with Credit Card
- Buy bitcoin with a Credit card on Bitpanda
This is one of the best crypto exchanges for customers most especially in Europe. It is one of the lowest in the crypto industry and definitely worth checking out. So paying with a credit on Bitpandas site is quite very easy. You can decide to select or choose VISA or MasterCard. The Money is in your account immediately and then you can go ahead and buy bitcoin or any other of their 30+ crypto.
- Bitcoin with a Credit card on Coin mama
This is a very well-respected exchange and supports customers from more than 200 countries and they have the choice to purchase bitcoin. and also some other cryptocurrencies like Ethereum with credit cards. The fees on credit cards are just a bit on the high of the spectrum on Coinmama.
- Bitcoin with a Credit card on CEX
This is a very good place to also buy cryptocurrencies which have been existence since around 2013 and serve millions of users. They have a large range of cryptocurrencies as well as functionally to serve beginners but also the businesses and institutions
- Bitcoin with a Credit card on Coinbase
This is a very good choice for purchasing crypto with a credit card and also a debit card. It has a great user experience which makes it possible to deposit and purchase crypto in a very few simple steps. This is a top exchange for starting your crypto journey.