buy bitcoin with credit card

CoinMama Review (2020) | The BEST Way To Buy Bitcoin With Credit Card?

In this CoinMama review we are going to do a deep dive into a CoinMama and find out if it’s the best way to buy bitcoin with credit card. Are the fees high? Is it safe? What credit cards can I use to buy bitcoin (and other cryptocurrencies)? We are going to answer all of these questions and more in this review, stay tuned for the whole review! One of the most searched phrases right now on the internet is “How to buy bitcoin with credit card”, and for good reason. It’s the easiest way to buy bitcoin without having to share a lot personal information and having to wait 3-7 business days when verifying your bank account.

I also urge you to check out a recent article I wrote that details a handful of different ways (CoinMama included) to easily buy bitcoin if you’re new to the process and you want a no-nonsense and easy way to do this. You can find that HERE. Now, let’s get down to finding out why CoinMama was the easiest way for me to buy bitcoin with a credit card, and why I still use it today!

 

How Does It Work?

 

 

It’s a simple 3-step process to use this site and it took me less than 10 minutes to make my first purchase when I first used this service over 2 years ago. If you’re looking to purchase not only Bitcoin, but also ETH, LTC, BCH, ETC, XRP, QTUM, and ADA in a hassle-free way, then CoinMama is the way to go. First, you register your account with basic information and gain access to the account where you can customize your purchase. Second, you can choose how much information you want to add, depending how much you want to buy in one shot.

Level 1 verification allows you up to $15,000 USD worth of BTC (or any other coin) with only a government issued ID (which is required for KYC) and as soon as you upload it, you can start buying in less than 10 minutes. The 3rd and final step is purchase the coin and amounts you want after you confirm your basic verification and it’s delivered in under 10 minutes. This process is very easy and MUCH quicker than any other exchange I’ve personally used. (Don’t even get me started on Coinbase).

 

 

 

How Much Does It Cost? What Are The Fees?

 

 

You can use a bank transfer (if you choose) and it will cost you less, but it will also take longer. However, the real “instant” purchase and service you’re looking for is for debit and credit cards. The fees are as follows:

Since there is no central bank controlling the bitcoin rate, each website has its own bitcoin rate. The price you see on our website is Coinmama’s bitcoin rate and includes our fee of 5.90%.

For credit/debit card transactions, the payment processor charges 5.00% additional fee. Unlike credit/debit card transactions, if you pay by bank wire there is 0.00% processing fee. The card processing fee will be added after choosing your method of payment. Apart from our fees, your bank may incur their own. If you’re not sure, contact them before placing your order.

Don’t let this turn you off, as some of the competitors that offer a similar service as CoinMama, they charge ridiculous fees and can take up to 10 days to verify and deliver your cryptocurrency. There is a price to pay for very quick delivery and most credit card companies build that fee into the cost here to mitigate some of the risks of fraud and other factors as well.

Trust me when I say, if you want to use a debit or credit card to buy bitcoin, this is your best best. Especially if you need it now.

 

 

 

What Countries Are Supported?

 

I won’t list all supported countries here as there are over 188 countries supported. Yes, that many. That is why this is one of the most trusted services in the entire industry and has a very broad reach. If you want to verify if your country is supported, you can check it out HERE. Additionally, The US has some restrictions on states, but 45 out of the 50 states are included for support. Those specific states (if you’re concerned) can be found at the link HERE.

Again, I will say, this has a much wider reach in terms of countries supported than the likes of Paxful or Coinbase. I’ve done the research so you don’t have to!

 

 

 

What’s Their Reputation? Is It Safe To Use?

 

As mentioned above, this company has been around since 2013 and has a very well received reputation and track record. I have never once had an issue with using this service, nor have I had any indication that it was fraudulent in any way. CoinMama has been selling bitcoin via debit and credit cards longer than any other service to date and was first to market in this regard. I have used them personally about 6 or 7 times and have never once thought of using another service for using a credit or debit card to purchase my cryptocurrency.

 

What’s The Verification Process? How Long Does It Take?

 

 

There are multiple levels of verification depending on how high of a limit you need to purchase every month, but the standard Level 1 verification only takes about 10 minutes and allows up to $15,000 USD (as mentioned above). This really applies to 99% of people and I will leave a link below if you want to understand what else is required if you want to purchase more than 15k per month. Once you’ve completed verification your bitcoin is delivered to your specified address instantly!

For further verification requirements, you can refer to this link HERE

 

 

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CoinMama Review – Conclusion

 

Overall, if you need to get bitcoin fast and time is of the essence, then you can’t go wrong with CoinMama. Yes, if you have time to kill and you’re ok with waiting up to 10 business days and you want to provide your bank account, there are other solutions you can use, which I will link to in a future review update. But for most people that are skeptical of providing all their banking information just a save a few bucks, you won’t find better service or a better deal to buy bitcoin with a credit card than CoinMama.

There’s a reason myself and many others have used this service more than once and will continue to do so. In a world where new crypto companies are coming into existing, having a long standing track record really counts in this industry and I have no qualms about CoinMama. Yes, you can say I’m a fan, and if you decide to use this service, I am confident you will be too.

 

What do you think? Is there a better place to buy bitcoin with a credit card? Let me know your thoughts in the comments below!

 

Cheers,

 

The Crypto Renegade

 

 

NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.

 

 

The [#1] EASIEST Way To BUY BITCOIN RIGHT NOW (2020)

In this article I am going to provide you with the easiest way to buy bitcoin and also one way I personally earn free bitcoin by doing something I was already doing. This is a game changer! Within the last 24 hours, the Treasury Secretary of the United States, Steve Mnuchin, has made an announcement on regulating cryptocurrency and mentioned Bitcoin and Libra specifically. The recent tweet that was sent out by president Trump has been a bullish sign for many people. Not because he said it was “based on thin air” but, because no standing president has ever mentioned “bitcoin” or “cryptocurrency” at all, ever.

Image result for trump bitcoin tweet

 

This is bringing more mainstream awareness and people who are uneducated may take that as a sign that they should stay away from it, because Trump said so. Most people however, are taking this as a sign that they should buy some bitcoin, just in case.

No matter where you stand, the big question many people ask that are completely new to cryptocurrencies is “What Is The Easiest Way To Buy Bitcoin?“. Luckily for you, I am an expert in this field and I will provide you the TWO easiest, fastest, and simplest ways to obtain your first bitcoin or fraction of a bitcoin. As an added bonus, I will provide you at the end of the article with a free tool that will allow you to EARN FREE BITCOIN, by doing something you are already doing every single day. This is a “YUUUUGGGGEEE” (as Trump would say) bonus, as there are very few legitimate ways to obtain bitcoin for free.

Let’s get right to it!

 

#1 Cash App

 

This is a free app (you may have already heard of) that is similar to Venmo. It’s designed for sending and receiving money easily between users and can connect your debit card, credit card, or bank account to facilitate these transactions. It’s super easy to use and I use it to pay people for splitting dinner tabs and splitting costs on various things and works flawlessly. Unlike Venmo, they have also setup a way to buy bitcoin directly through the app, and you can even set up a purchasing schedule if you so choose, but this is BY FAR the easiest way to buy it once you set up the app.

cash app buy bitcoin

 

The steps are extremely easy to do this:

 

1.) Download the Cash App HERE. When you use this link, we both get $5 for free. Pretty Neat.

2.) Create your account and add either your debit card, credit card, or link your bank details if you’re so inclined.

3.) Click the Profile Icon in the upper left hand corner and scroll down and click on “Bitcoin”

4.) Click “Buy” (you can also sell at any time you want as well)

5.) Type in the dollar amount you want to buy and click “Confirm”

6.) You’re done! Your bitcoin will show up in your account within a few minutes. So simple.

 

 

How To Buy Bitcoin With Credit Card

 

#2 CoinMama

 

coinmama

 

This is a tried and true method I’ve used to buy bitcoin for both personal reasons and business reasons, with great success. This is one of the highest rated companies that you can buy bitcoin with a debit card or credit card with no limit. Now, in order to use a credit card there are some additional fees (not unlike Coinbase), but it will process and give you access to your coins in less than an hour instead of days. This is a good method if you want to buy them quickly and easily and do not want to use cash app or any other services.

This is the most trusted provider and the reviews are excellent. When I was originally looking for how to buy my first bitcoin, this was one of several options that came up, and back then, there were not many “trusted” options as there was many companies that did not have a good track record or many positive reviews, except this one.

This ultimately led me to use this service and not only was it quick and efficient, it was delivered within 20 minutes, and Coinbase was the only other option in the U.S. at the time and quoted a 10-day “verification” period just to activate an account. This didn’t even include the amount of time to let me buy my bitcoin, which would take another 3-7 business days. Not acceptable in my eyes.

If you want an easy and TRUSTED way to buy bitcoin with credit or debit card, then Coinmama is the way to go!

 

 

#3 Paxful

paxful review

 

This is another service that is VERY interesting and is unlike CoinMama above in a few different ways. Although Paxful is a pretty well-known way you can purchase bitcoin with a credit card, the reason I am giving it a mention here is because of the other ways and payment methods you can use to obtain bitcoin (or other altcoins if you want). With Paxful, you can trade gift cards (Visa, Wal-Mart, Amazon, eBay, and Starbucks) just to name a few.

Additionally, you can also use Zelle (a money changing app similar to Venmo and other direct payment services that many banks use), SWIFT, MoneyGram, Alipay, WeChat Pay, and hundreds of other gift cards as well. It’s also worth mentioning that you can directy trade other altcoins in for bitcoin and vice-versa. So not only is it a fiat-to-crypto exchange, bult it can also be used as a crypto-to-crypto direct exchange (not unlike ShapeShift).

All this to say, it’s now become easier and easier with these services to BUY BITCOIN. Whether you trade you existing gift cards, other altcoins, or even CASH, it’s not easier than ever to get your hands on bitcoin. When I first tested this service, I received a $100 Amazon gift card for Christmas and I didn’t really want to use it for anything, so when I discovered I could trade it in for $100 worth of bitcoin, I was pretty excited to say the least. I will leave a list of all the hundreds of gift cards you can use to trade for crypto HERE.

I will have an in-depth review out for Paxful shortly. Stay Tuned!

 

 

 

Easiest Way To Buy Bitcoin – Conclusion

 

Overall, there are multiple ways to buy bitcoin (some easier than others) but the two main methods I’ve listed above are BY FAR the quickest and easiest ways to get it fast. The price is always fluctuating, so some people may be hesitant to buy right now in fear that it could go down in the future. Here’s the deal. In the grand scheme of things, hind-sight is 20/20 and over the next 3-5 years, I can almost guarantee that the price will be higher than the point is at right now, which is approx. $10,900 at the time of the writing.

This is one of the most important and unique inventions since the internet itself and will continue to bring forth different use cases and provide value to every single person on the planet. This is part of a much larger revolution where the people are now going to take back their financial power from the government and authorities, and there is NOTHING they can do to stop it.

That is powerful.

Bottom line, if you don’t currently have any bitcoin, you can start accumulating it in small amounts (as low as $10) at a time and it will start to grow very easily. You will be glad you did it when you look back, even in 6 months to a year from now. Mark my words!

 

What do you think? Are there easier ways to buy bitcoin right now? Let me know in the comments!

 

Cheers,

 

The Crypto Renegade

 

NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.

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