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Buy Bitcoin (BTC) with a Credit Card
Suprisingly, when it comes to cryptocurrency one of the biggest questions I receive is where can I buy it with a credit/debit card? The reason is, most places where you can purchase bitcoin or altcoins require you to connect your bank account to make purchases, causing timely delays. Now let’s be honest here, most of us are not comfortable connecting our bank account to purchase cryptocurrency or anything else! Wouldn’t you rather use a Credit/Debit card? Good news: we have the answer. For those of you that are wondering WHAT IS BITCOIN? Start Here.
Where Can I Buy Bitcoin, Litecoin and Ethereum with a Credit Card?
There are a lot of places you can buy cryptocurrency online and we have tried many of them over the years. Coinbase is our recommendation for securely and conveniently purchasing Bitcoin, Litecoin and Ethereum. You can buy and sell cryptocurrency on their website, iOS app, and android app, with the ability to choose between a Credit Card, Debit Card, or connecting your bank account. Click Here to Signup for Coinbase and get $10 FREE! Coinbase is a Cryptocurrency wallet, making it quick and easy to buy and sell your coins whenever you choose.
How to Purchase Bitcoin Safely
Taking steps to ensure you purchase cryptocurrencies safely is a critical part of the process. Here are some recommendations to safely making your purchases:
- Avoid sharing about it on social media or telling all your friends about it. Treat your cryptocurrency like cash, only you need to know about it.
- Make a new email for your Bitcoin wallet account. Use strong credentials (Write down your email/password if needed and put this in a very secure place).
- Use a strong (different) password for your Bitcoin wallet (Again, write down your username/password if needed and put this in a very secure place).
- Utilize virus and malware protection on any device you use. While you may think your computer is working just fine and you are doing everything you are supposed to do; viruses, malware and adware can be crawling undetected on your devices, potentially exposing you. Virus protection is necessary to defend you from these situations.
- After purchasing Bitcoin from Coinbase you could also consider storing your BTC on a hardware wallet, desktop wallet, or mobile wallet. This takes time to understand and setup, but is also a very secure option, especially for long term investors. (More On This Below)
Hardware Wallets vs. Desktop Wallets vs. Mobile Wallets vs. Paper Wallets
For a technically inclined individual there are an array of options for storing your Bitcoins. While, there are many viably safe options, I would like to focus on a particularly secure method: cold storage. Cold storage simply means that your coins are stored offline, usually in the form of a Hardware or Paper wallet.
One of the best break out options for cold storage of your BTC is Hardware wallets. A Hardware wallet simply means your BTC private keys are stored on a secure hardware device, usually with a small display for transaction authenitcation. The Ledger Nano S is widely acclaimed as the best option on the market for storing an array of different Cryptocurrencies securely, offline and most importantly: conveniently. They have a supreme user interface that is toppling everything else in the market and is truly a must-have for serious cryptocurrency investors. Click Here To Buy The Ledger Nano S!
Paper Wallets are another popular option that I would recommend to a very tech savvy person. While the other options mentioned are rather easy to comprehend and figure out, paper wallets are a little bit more complicated, but also A LOT more secure. Essentially a paper wallet is creating a new cryptocurrency public address and private key with a simple program. The program will produce QR codes for your public address and private key that you can print out or write it down.
In a nut shell, you can store your cryptocurrency in a “paper wallet,” and store multiple copies in very safe places (Think: Bank safe deposit box). This will eliminate the possibility of anyone using viruses or malware to attempt to tamper with your coins (so long as you don’t expose your private key in any way).
WalletGenerator is one Paper Wallet solution for BTC and many other cryptocurrencies that will assist you in the process of creating your paper wallet. In our opinion, paper wallets are the most secure method of storing your cryptocurrency long term if done correctly. Do extensive research before creating your paper wallet, so you know the process, security tips and best solution for your specific needs. Please also keep in mind a paper wallet is just like cash: if you lose your private keys than you lose your coins. Paper tears, ink bleeds and anything could happen like a natural disaster or fire. Use your best judgement on how to protect yourself from every possibility, just like you would cash.
Mobile and Desktop wallets are inherently online, so while they are just fine for many intents and purposes, they do pose the risk of being exposed to viruses and malware that could end up on your device. The only exception to this is a Desktop/Laptop/Mobile device that is kept offline 24-7, which in reality is hard to accomplish and, in most scenarios, unlikely.
We only recommend Desktop/Mobile wallets for small cryptocurrency amounts or when being utilized for day to day trading and/or purchases. A damaged mobile device or desktop could also pose a risk of losing your cryptocurrency, so there are typically backup files/phrases/passcodes for situations like this. Be sure to back these up to multiple secure locations to protect yourself.