How to buy Bitcoin, Etherium, BCH, USDT, TRX, OKB, ALGO, DAI, BAT, eGLD, and other trending coins using your credit card?
In order to buy Crypto, you will need two things:
1. Some kind of Crypto wallet
2. Some kind of Crypto Exchange platform
A crypto wallet is a place where you can securely keep your crypto. There are many different types of crypto wallets, but the most popular ones have hosted wallets, non-custodial wallets, and hardware wallets. So first step is to install Exodus application (mobile app, desktop app or both of them).
If you have problems with wallet installation, here is a video with a step-by-step explanation
When you are done with the installation, the next step is to choose the Crypto you want to buy, and you will get your Crypto address. You will use this address when you are buying the cryptocurrency of your choice.
Crypto Exchange Platform
My choice is Mercuryo , its easy, fast and they accept credit cards from almost all countries. Before you start the verification process on Mercuryo, make sure you have prepared clear document images (photos).
You can also take document photos while you are going through the verification process, but that can be a little buggy, document scanning sometimes throw errors, so it’s easier to have them prepared before you start with verification.
Here is the video with all the steps you need:
The process for purchasing bitcoin or any other crypto currency is slightly more complicated than the process to buy regular equity or stock. This is mainly because the cryptocurrency ecosystem and infrastructure are not as well developed as those of mainstream trading.
As we can see, the bitcoin purchase process consists of four steps: selecting a service or venue for the purchase, connecting with a payment method, placing an order, and ensuring safe storage for your purchased cryptocurrency.