How to Buy Bitcoin with Credit Card on Koinal.io?
If you consider that purchasing bitcoin is a long-term investment for your retirement or future plans, then you are in the right place; however, how and where to buy bitcoin is a question that every crypto enthusiast asks.
In this article, we will be showing you how to buy bitcoin with a credit card on Koinal.io because, at Koinal, we believe in fast and easy cryptocurrency exchange.
But unlike other long-term investments like life insurance or mutual funds, bitcoin currency lacks physical form.
Thus, to secure cryptocurrency, there is a separate wallet that is not only password-protected, it is also encrypted.
This allows us, at Koinal, to only approve access to the cryptocurrency to users if they have all the required credentials.
So, now that we have established the foundation, it’s time to jump right into answering your question.
Excited? Then let’s get started.
What are the Steps?
Step 1: The Wallet
Primarily, you need to ascertain that you have a digital wallet for your bitcoin. You must be wondering why right? Because, in any cryptocurrency exchange platform, you will be required to provide a bitcoin address, which you get from a bitcoin wallet.
You can obtain this wallet either in the form of a mobile app or desktop software. Additionally, at Koinal, we provide online wallets so you can store and access your cryptocurrencies.
Step 2: Create an Account
Now, you have to procure your wallet by going through the account registration channel at Koinal. For that, our experts will take you through a verification process where you would need to provide an email and password.
Don’t forget to follow the 2-step verification process for intensified security. Once your account or wallet is created, you will be provided with a public and a private key.
Step 3: Buying Time
You are now ready to interchange your local currency for bitcoin. The optimum way to do that is via Koinal. Because at Koinal, you can buy bitcoin through your debit or credit card.
Not only that, you can purchase other cryptocurrencies, including Ethereum, Litecoin, and Ripple.
Pretty amazing, right?
Step 4: The Finale
Are you excited about your preliminary purchase? So are we! You can now sell or buy bitcoin on heterogenous online exchange platforms.
With bitcoin, the international transaction will be a piece of cake.
Since the worth of cryptocurrencies oscillates within seconds, exploiting the Koinal platform is much more commodious because we lock the initial value for 20 mins during your transaction process.
So, what are you waiting for? Head to Koinal and take advantage of our services!
Koinal Partners with Binance
Binance, pioneer blockchain ecosystem, and global cryptocurrency exchange have joined hands with Koinal.
This partnership has allowed Binance to offer more cryptocurrency purchases.
With the combined efforts, Binance users can purchase bitcoin directly from Koinal using their preferred payment method, i.e. through debit or credit card.
But wait, there is more!
To increase the accessibility and adoption of crypto, Binance users can also use Visa and Mastercard to purchase bitcoin from Koinal!
Buying Bitcoin Through Exchange Partners
The collaborative association with Binance and Okex, Koinal has opened doors to unlimited opportunities. You can buy bitcoin with your debit or credit card on Koinal through our exchange partners.
- Since you have created your wallet, for the transaction to take place, just visit our website or our partners’ website (Okex or Binance).
- Before you begin, we will show you current rates for exchange. This will enable you to understand how much loca currency you need in order to execute the transaction.
- Then all you have to do is to confirm the transaction with your required payment method, in this case, credit card.
- That’s it! Once you have received confirmation of your transaction, you will instantly obtain your bitcoin.
One thing to comprehend is that the transaction is irreversible. So, in case you make a mistake, the transaction will still proceed.
Now that you have been acquainted with how to buy bitcoin with a credit card on Koinal, you can purchase to your heart’s content!
So, what are you waiting for? Head on to our website and take advantage of our services!