About Bitcoin Credit Card Platforms
Investing has taken a whole new shape and look in the modern world. Formerly, any investment would be worthy of that lofty appellation if it involves stocks and real estate alone. However, cryptocurrency introduced a whole new perspective to investment.
What is Bitcoin?
Bitcoin is a cryptocurrency. It is accepted as a form of payment around the world by some business owners. Some would require payment to be in the regular form of money such as Euro, Dollar, Pound etc. Bitcoin is as much a form of exchange an any fiat currency.
One of the most amazing things about bitcoin is that it is controlled by no one. It works electronically. Unlike the regular “money” that is controlled, minted and distributed by a Central Bank, bitcoins are not controlled by a single regulating body. They are mined by various individuals.
What are the best credit card platforms for bitcoins?
In order to aid the ease of transacting with bitcoins, some platforms provide credit card options that make transactions easier. In essence, you may not need to go to a bank in order to wire money. There are no more bank restrictions and the incessant trips to a bank are reduced, thanks to these platforms.
The best of the best credit card platforms will be highlighted below. The rationale for this choice include their ease of use, how low their fees are and their accessibility.
COINBASE
Coinbase allows a person to purchase an much as $150 or €150 of bitcoin per week. However, it has restrictions to the countries which it allows. Thus, a subscriber must be from either; the United Kingdom, the United States, Canada, Singapore, Australia or Europe.
The platform is among the cheapest of all credit card platforms. It charges a token of 3.99% an fee on all purchases. Unlike some platforms, it does not increase its rate based on the quantity of purchase.
A good thing about Coinbase is that, it’s level of security is quite high in comparison to some other platforms. Coinbase utilises a two-way verification system. A bitcoin transaction would have to be verified by two persons before it is sent. This ensures that your bitcoin is safe from whoever would want to steal them.
LUNO
Another great platform for bitcoin transaction is Luno. Luno’s services are very much similar to that of Coinbase. The major difference between both is that Luno has a wider coverage than Coinbase. Luno does not have a limitation of countries. It allows subscribers from over 43 countries of the world. This is its major advantage.
However, Luno is not as secure and Coinbase. Its security system is not a vault as in Coinbase. This means that access to an account is one way, there’s no verification from a second person if the transaction. Thus, bitcoins can be stolen by an individual who is has your details.
CEX.IO
This is another platform for bitcoin transaction that allows an individual to use a credit card. It allows the use of Visa or Mastercard. Transactions incur a 3.5% + $0.25 fee. This fee is among the lowest charged. It asp requires a two-way verification pattern. Its security is stronger, compared to Luno.
Conclusion
In order to have a smooth transaction with bitcoins, it is important to have a stable exchange platform where you can transact in any form whatsoever that you choose. Even though bank wires may seem cheaper, the ease and comfort cannot be compared to using credit card platforms.