Bitcoin is one of the fastest-growing cryptocurrencies in the world and is currently trending in finance. Every day thousands of people hear about Bitcoin and are new investors to the cryptocurrency world.
But the question is what exactly is Bitcoin and how can you buy it with your credit card. Bitcoin is a cryptocurrency that was created in 2009 by Satoshi Nakomoto, it is an electronic peer-to-peer currency that doesn’t operate using a bank or a centralized body. Your Bitcoin wallet is yours and can’t be shut down for any reason.
How to buy Bitcoin with credit?
To buy Bitcoin with a credit card, you would need a Bitcoin wallet, a PayBis.com account, and an ID card to verify your Identity.
Here is a step-by-step guide to buying Bitcoin with a credit card
1. create an account
Go to PayBis.com, click the menu and click sign up.
On the signup page, you will have to fill in your email and password. and also confirm your email accounts.
2. Buy Bitcoin
The next step is to buy Bitcoin with your credit, after confirming your email go to your home page and select the amount of Bitcoin you want to purchase, and click buy Now.
3. Verify your Identity
The KYC process doesn’t take time, you would have to upload a copy of your Driver’s license or Passport, or ID card any of this can be uploaded. Once you upload your KYC details you would be verified in few minutes.
4. Get a Bitcoin wallet.
You would need a Bitcoin wallet to receive your Bitcoin, your Bitcoin wallet can be used to store your Bitcoin, send and receive Bitcoin from anyone. I recommend you go to your Apple store and search for a Coinbase wallet. Register an account with the wallet.
5. Make your Purchase
After your KYC is verified and you have to make payment using your credit card, insert your credit card details. One of your USD has been received your Bitcoin directly to your wallet. Congratulations you now own Bitcoin.
What is a Bitcoin wallet?
A Bitcoin wallet is software that is used to store Bitcoin, receive and send Bitcoin. A Bitcoin wallet comprises two things the Private Key and The public address.
What is a Bitcoin address?
A Bitcoin address is a 25-35 digit mixed with alphabet and number. A Bitcoin address can be used to receive Bitcoin from a sender.