Buying bitcoins with a credit card used to be a rather confusing process. Not anymore. In this step-by-step guide, we’ll show you how to buy bitcoin with a credit card without verification in 7 easy steps.
Let’s first take a quick look at everything you need before starting the buying process.
Here’s a list of what you’ll need before buying bitcoin with a credit card:
There exist several great bitcoin wallets out there. But, your choice will depend on the security features of the wallet, the type of device you carry, its operating system, the fee that each wallet charges per deposit and withdrawal, and whether the wallet is available as an app.
At Bitcaribe, we have recently launched a new wallet with excellent features. These include high security, the possibility to deposit funds for free and store over 15 different cryptocurrencies, and a competitive withdrawal fee. Opening your Bitcaribe wallet will only take a few moments. Sign up to your Bitcaribe wallet here.
For this step just make sure that your credit card is active, and have your credit card with you. Your credit card should be either Visa or MasterCard. If you don’t have your credit card with you, just make sure you have the card payment details; full name as it appears on your card, card number, expiry date, and security code.
Establishing how much money you will spend to buy bitcoin with a credit card will be of importance for the identity verification process requirements.
Using Bitcaribe, there will be no required verification process for purchases below $150 a month.
To buy bitcoin with a credit card without verification, follow these 7 steps:
After following these 7 steps to buy bitcoin with a credit card, you should receive the funds in your wallet in approximately 15 minutes.
If you’re using your Bitcaribe wallet to store your bitcoins, remember to open your wallet, click on “deposit” under the Bitcoin tab, thereafter click on “proceed”, and then use the wallet address or QR code as destination wallet when buying your bitcoins.
If you want to buy bitcoin with a credit card and you would like to have the freedom to exceed $150 per month, then you must verify your identity. The purpose of verifying your identity is to help prevent fraud and ensure that no one, except you, is able to use your payment information to buy bitcoin with a credit card.
In order to verify your identity using Bitcaribe, please read our step-by-step guide in this article.
Once you have successfully verified your identity, you’ll be able to buy bitcoin with a credit card with broader buying limits. On Bitcaribe, the daily limit is $5,000 and the monthly limit is $20,000.