As the price of Bitcoin (BTC) has more than doubled in the past 12 months, the cryptocurrency bull market is gaining momentum by the day. In the first quarter of 2023, three months before the next Bitcoin (BTC) halving, considering buying the first cryptocurrency could be a smart bet. The use of credit cards and digital payment systems remain the most common basic ways to obtain cryptocurrency.
As the price of Bitcoin (BTC) has more than doubled in the past 12 months, the cryptocurrency bull market is gaining momentum by the day. In the first quarter of 2023, three months before the next Bitcoin (BTC) halving, considering buying the first cryptocurrency could be a smart bet. The use of credit cards and digital payment systems remain the most common basic ways to obtain cryptocurrency.
Buy BTC with card in 2024: what you need to know
To purchase Bitcoin (BTC) with credit cards, customers of crypto-to-fiat conversion platforms must have a valid card with sufficient balance, an authorized account, and a Bitcoin (BTC) wallet: a public key pair (address) and a private key (known only to the user). The user transfers their money to a platform or peer (if using a P2P service) and receives Bitcoin (BTC) in their wallet.
The platform acts as an intermediary: it prevents buyer and seller from deceiving each other. Additionally, the platform could act as a counterparty on the exchanges themselves.
When choosing a cryptocurrency to fiat conversion platform, customers should be aware of scammers in this segment. Make sure you don’t forget to check the registration of a potential exchange service, its licenses, its legal status, exchange details (fees, time slots, list of supported payment methods), customer reviews, reputation, etc.
Users should avoid purchasing Bitcoin (BTC) on platforms that offer “discounts,” zero conversion fees for fiat currency, as well as on services registered in shady jurisdictions or with a low number of reviews.
How to buy BTC with Paybis: step by step manual
Active since 2014, Paybis is a modern cryptocurrency service designed to purchase BTC and various Bitcoins with credit card, bank transfers, Apple Pay, Google Pay and various other payment systems.
Paybis supports payments from accounts in certain jurisdictions: transfers from digital payment processors Skrill, Giropay, AstroPay and Neteller. With its on-ramp and off-ramp, newcomers and professionals alike can seamlessly purchase Bitcoin (BTC) with Euro, US Dollar, Canadian Dollar, British Pound, Swiss Franc, and many other currencies.
To purchase cryptocurrencies with Paybis, new users must create an account and validate it by undergoing KYC/AML checks.
Users are then invited to configure the transfer details: payment method, currency, exchange amount, destination cryptocurrency. In this step, users can see all applicable fees, both Paybis fees and transaction fees of the corresponding cryptocurrency networks.
Once the details are set up, the user must choose the wallet they wish to receive. At Paybis, verified users can use ready-made Bitcoin (BTC) wallets or request withdrawals to pre-generated third-party addresses.
After confirming the transaction, the user sets the payment details for the credit cards. Literally, with a few clicks, the operation is completed and the user receives Bitcoin (BTC) deposited to the chosen address.
For the rest of the cryptocurrencies, the procedure is quite similar. To purchase and transfer Ethereum-based ERC-20 tokens, for example, users must have an Ethereum (ETH) wallet. For TRC-20 tokens, a Tron wallet is required, and so on.
The history of all successful and pending transactions is displayed in the “Transactions” tab. The “Sell Crypto” mode allows users to exchange their Bitcoin (BTC) or altcoins for fiat currency. To choose the most profitable way to exchange cryptocurrencies for fiat, users can check the cryptocurrency price portal and calculator available in the top right corner of Paybis.
Paybis and its beginner-friendly instrument software has managed to gain the attention of traders around the world: with more than $2 billion processed, the exchange received 4.2 out of 5 on TrustScore, with more than 20,000 reviews posted by traders and real investors.
100% regulatory compliance and advanced security
Over nine years of operations, the platform achieved global coverage of more than 180 countries and 48 US states. In the US it is registered as a money services business with the Treasury Department of FinCEN under the number MSB registration 31000224635628. Additionally, Paybis is proud to have a VASP license to operate in the EU region in a fully compliant manner. Despite draconian regulation on cryptocurrencies, EU countries remain the most influential Web3 and cryptocurrency hubs globally.
In recent months, the Paybis team has invested significant resources in the technological development and fulfillment of its services. That is, it successfully activated cutting-edge anti-fraud software backed by artificial intelligence to prevent user assets from ending up in the wrong hands. Its strong and experienced compliance team is focused on maintaining security, along with more than 100 dedicated specialists capable of covering the sustainability of operations.
