How to Buy Bitcoin with a Credit or Debit Card

How to Buy Bitcoin with a Credit or Debit Card

Since the inception of the Bitcoin network in 2009, a new era of digital currency has been firmly established. There have been stories of both huge gains and massive losses in what has proved to be a volatile market. So what exactly is Bitcoin and how can you buy it?

Bitcoin is a decentralized digital currency that is run on Blockchain technology. There is no central bank that is responsible for the distribution of the currency; rather users carry out transactions on a peer-to-peer basis. Each transaction is verified and recorded on a public distributed ledger called the Blockchain. The currency itself can either be mined or exchanged for other cryptocurrencies or fiat currencies.

Buying Bitcoin is a process that is becoming ever more accessible. It’s possible to sign up with an exchange (a website that allows for trading) and make a purchase using either your county’s fiat currency or another cryptocurrency. Your coins can then be saved in a digital or physical wallet. Depending on the website you use, your options for buying Bitcoin or other digital currencies will be different. Some require a strict verification process before you can purchase with either a bank transfer or card transaction. Others require less stringent checks before you can make a purchase. In this article we’ll examine some key factors surrounding Bitcoin, as well as some of the most popular places you can purchase them with a credit or debit card.

Why Should You Buy Bitcoin?

If you’ve been keeping up with current affairs, you’ll no doubt have seen the meteoric rise of Bitcoin. Over the last few months of 2017, the currency went from strength to strength, peaking at over $17,000 per coin in December. Since then it’s been on rocky ground, but despite the madness and the fear of missing out, Bitcoin still presents an intriguing and innovative technology that will hopefully continue to grow. Is it too late to get involved? Absolutely not. There is a lot to be optimistic for, in cryptocurrencies in general but particularly in Bitcoin. It’s proven the doubters wrong time after time, even in the face of the fear, uncertainty and doubt that are often spread about it.

Although, as we’ve said, the cryptocurrency market is incredibly volatile, you should still add it to your investment portfolio. Bear in mind that that there are no guarantees Bitcoin will continue to grow at the rate it did during 2017. Don’t invest more than you can afford to lose, and be sure that your portfolio is diversified across more secure investments. If you’re committed to buying some Bitcoin, this guide should hopefully answer some of the most frequently asked questions on how and where to buy cryptocurrencies.

Can You Buy Bitcoin with a Credit Card with No Verification?

Many users get frustrated when they first try and buy Bitcoins or other currencies due to the often stringent checks websites require. Many users simply want to get started with the buying process, wanting to buy Bitcoin with a credit card with no verification. The good news is that it’s definitely possible. There are a number of sites that let users start purchasing as soon as they’ve signed up. We’ll talk about some of these sites further on, but it’s worth bearing in mind that there are often limits to how much you can buy or sell without first verifying your account. So, if you just want to invest a small amount to test the waters, it’s definitely possible. However, users who want to invest larger sums should definitely register completely first.

The reason why websites don’t want you to buy Bitcoin with a credit card with no verification is to protect their user base. It prevents fraudulent activity and means that users can be fully accountable for the money they invest. As frustrating as it can be, it’s for a good reason. Unfortunately many of the top websites are currently overwhelmed by the rush of new users. This means they have suspended new applications until they can meet with the demand to both new users and support tickets. It seems everyone wants to get involved with the cryptocurrency revolution.

Can You Buy Bitcoin with a Credit Card Anonymously?

As we’ve mentioned, the reason that most websites require you to verify your identify before you make a purchase is for safety reasons. It’s a way of preventing fraud and money laundering. However, there are certainly some legitimate reasons to want to buy Bitcoin with a credit card anonymously. Although it’s not as easy as with a verified account, there are definitely some ways you can do it.

Essentially, you have four options; local peer-to-peer trading, using a Bitcoin ATM, buying Bitcoin with a prepaid credit card, or trading other cryptocurrencies for Bitcoin. Each of these options presents a way by which you can buy Bitcoins without first providing your identity. However, there are usually caveats with each method. For example, some ATMs are monitored by security cameras or require the user to verify their identity before making a transaction. Despite this, buying Bitcoin with a credit card anonymously remains an option for virtually anyone.

The Best Places to Buy Bitcoins with a Credit Card Online

When you’re making your first purchases of Bitcoin or other cryptocurrencies such as Ethereum, Litecoin, or Ripple, you need to choose the website that best suits your needs. For example, some sites allow you to purchase Bitcoin with a credit card anonymously up to a certain limit, while others require you to verify your identity before you start trading.

Below we’ve reviewed some of the most popular cryptocurrency exchanges available. For each we’ve covered their basic information, the coins you can trade, how to start using the site, whether you can buy anonymously, the pros and cons, and our final verdict. Hopefully you can find one that meets your requirements.

Coinbase

Coinbase is one of the biggest names in the cryptocurrency market today. They have a huge user base that has been established since the company launched back in 2012. We’ve written about them in greater detail in our full review, so for now we’ll just cover the basics.

  • Currencies

    Coinbase support the major cryptocurrencies that are bought and traded. This includes Bitcoin, Litecoin, Ethereum, and Bitcoin Cash. All of these can be bought, sold, deposited and withdrawn from both Coinbase and GDAX, their trading platform.

  • Can You Buy Bitcoin Anonymously?

    Currently it’s not possible to use Coinbase without having first verified your identity. They are one of the most thorough websites when it comes to confirming users’ data, due to the strict financial regulations imposed upon them. It’s therefore impossible to anonymously buy Bitcoin on the Coinbase platform.

  • How to Start Using Coinbase

    On their website, Coinbase outlines three simple steps to getting verified. Firstly you have to sign up for an account. Next, you must add a bank account or payment method and go through the verification. The third step is to start buying and selling. This seems simple, but the verification method is not particularly streamlined. Many users have reported verification processing taking months.

  • Pros

    – It’s an established site that has a good reputation for security.
    – Their fees are low compared to many similar competitors.

  • Cons

    – Verification is a nightmare. If you’re looking for a quick place to make a purchase, this isn’t it.
    – You can’t make a purchase without first verifying your identity. This means you can’t buy Bitcoin with a credit card anonymously.

Verdict

Coinbase is a great platform for users who are looking for a steady and secure place to trade their cryptocurrencies. They’ve established themselves as one of the market leaders. However, if you want to buy Bitcoin with a credit card with no verification, this isn’t the platform for you.

Coinmama

Coinmama is another company that we’ve covered in an in-depth review. Since their inception in 2013, they provided users with a really great platform for buying and selling cryptocurrency. They were one of the first companies to accept payments for Bitcoin via credit card, and their interface is really easy to use.

  • Currencies

    Payments in fiat currency can only be made in either USD or Euro, and the only currencies currently available on the platform are Bitcoin and Ethereum. This is fine if you only want to trade in those digital options, but not ideal if you’re looking for an expanded portfolio.

  • Can You Buy Bitcoin Anonymously?

    Coinmama is a great location for those looking to buy Bitcoin with a credit card with no verification. Users are allowed to make purchases of up to $150 without having to register. If you use a pre-payed credit card, then the transaction will be pretty much untraceable. However, for larger amounts you must register an account and get verified.

  • How to Start Using Coinmama

    Making a purchase with Coinmama is easy. First you need to open an account with them. From here you can choose to buy Bitcoins. Next, choose your payment method and enter your Bitcoin wallet address. If your purchase is above $150 dollars, you will need to verify your identity, if not you just have to wait for them to clear your payment.

  • Pros

    – Their entire system is easy to use, and if you’re only buying small amounts it’s really easy to do without a long verification process.
    – Their fees are relatively low. Although not as low as Coinbase, they’re still competitive.

  • Cons

    – You can’t sell your Bitcoins via Coinmama, only buy them. This isn’t ideal for some margin traders.
    – If you do want to buy over $150 worth of coins, the verification lead times are fairly long (at the time of writing).

Verdict

For those looking to buy Bitcoin with a credit card anonymously, Coinmama is a good option. The only thing to bear in mind is that you can only buy really small amounts. If you want to make a big investment anonymously, you’re better trying other methods.

Cex.io

CEX.io is another company that has been around since the early days of cryptocurrency exchanges. We wrote a full review on them, which you can read to find out more information. They have a wide range of currencies available, and users often praise their wide range of payment and buying options. It’s possible to buy using both credit card and bank transfer, and many regions are supported.

  • Currencies

    One of the main attractions of CEX.io is their range of currencies. Their offering includes many of the most widespread cryptocurrencies such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and Dash. This is far stronger than many similar websites and gives serious investors access to a good amount of options. One slight criticism is that their transaction fees seem a lot higher than sites such as Coinbase and Coinmama.

  • Can You Buy Bitcoin Anonymously?

    It’s not currently possible to buy Bitcoin with your credit card anonymously on Cex.io. In order to make a purchase with your card, you will first need to provide photo verification. This means you must submit a picture of you holding the card you’re making the purchase with. Once this has been verified, the payment itself will be. Again, this is as much to protect the user base as anything.

  • How to Start Using CEX.io

    As with most sites, you must first set up an account with Cex.io. It requires your basic details and an email address for verification. Once you’re signed up, you can start buying Bitcoin with your credit card with relative ease. As we mentioned, you’ll have to verify your identity with a photo before you can purchase, but the process is reasonably fast.

  • Pros

    – They’re an established and well-trusted site, and they seem to take customer security very seriously.
    – Their range of cryptocurrencies on offer is excellent.

  • Cons

    – You can’t buy Bitcoin with your credit card with no verification.
    – Some users have noted the customer support service struggles to deliver.

Verdict

As an established and trusted exchange with a wide choice of digital currencies to buy, Cex.io is a great option to handle your cryptocurrency investment portfolio. It’s not so ideal if you want anonymity however.


Changelly

The final site in this list that we’ve already reviewed in detailed is Changelly. This is a slightly different way to buy Bitcoin, as it’s only possible to purchase it using existing cryptocurrencies, not in fiat. However, the great advantage of this is that you can trade anonymously. It was founded in 2015 and uses an automated system that makes bids after checking respective exchanges to suggest the best available rates on trading pairs.

  • Currencies

    The currencies on offer are perhaps the most attractive feature of using Changelly. They accept trades in and for almost every available cryptocurrency. There are too many to list fully, but certainly all the major coins such as Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin and Dash can be purchased.

  • Can You Buy Bitcoin Anonymously?

    It’s definitely possible to make anonymous transactions using Changelly. Part of their ethos is giving users the freedom to exchange currencies without having to verify. However, seeing as you can only make a transaction using your existing digital currency, it’s not possible to buy Bitcoin with a credit card anonymously.

  • How to Start Using Changelly

    It’s really simple to get started with Changelly. Once you have an account, you simply select the currencies you want to exchange (e.g. Litecoin for Bitcoin) and check the transaction rates they offer. You then input the receiving address of your wallet and confirm the transaction. It is then made in the currency that you originally choose.

  • Pros

    – Unrivalled selection of trading pairs. It’s possible to trade nearly any coin for any other.
    – Simple to use without a long verification process. It’s a great site for cryptocurrency owners looking to make discreet transactions.

  • Cons

    – It’s not possible to purchase any of the currencies using fiat. That means you can’t purchase Bitcoin using just your credit card or bank account.

Verdict

Changelly is a good platform for users who want to make transactions with their existing crypto coins. It’s a fairly new site, but the large user base shows a good degree of trust and safety. It’s one of the most popular places to switch currencies, with nearly all of the major ones being present and many, many more.

Bitstamp

Luxemburg-based Bitstamp have been around since 2011, making them one of the most established companies on our list. Their service is seen to be safe and trustworthy, and they’re always at the forefront of new and secure ways to protect their users. The Bitstamp site has excellent features for those looking to buy and trade in cryptocurrencies. These includes instant orders at the best bid or asking price, as well as placing limit orders, stop loss, and trailing stop orders. The company has created a mobile app that has equally good functionality and means you can buy and sell wherever you are.

  • Currencies

    Payments can be made in both USD and Euros, and customers are able to buy the main currencies on the market. This includes Bitcoin, Litecoin, Ripple and Ethereum. In terms of payment methods, you can purchase via bank transfer or credit card, however the fees on the latter are a lot higher than similar competitor sites.

  • Can You Buy Bitcoin Anonymously?

    Unfortunately it’s not currently possible to trade anonymously on the Bitstamp platform. Because the company takes their security so seriously, new users must go through a verification process. Due to the recent surge in interest in cryptocurrencies, Bitstamp have experienced a lot of new member requests. As such, their verification times have increased drastically.

  • How to Start Using Bitstamp

    Buying Bitcoin is actually fairly easy with Bitstamp. First you must create an account with them and get it verified. Although this used to be reasonably fast, as we’ve mentioned above they have been experiencing delays. However, once you’re verified you only need to deposit money into your account. Once this is verified you can start buying Bitcoin. All you need to do is place an instant buy order, and then you will automatically buy Bitcoin at the lowest price offered on the market.

  • Pros

    – The company has developed a good reputation thanks to their approach to customer safety. Their cold-storage wallets are a fantastic way to secure your purchases.
    – They’re committed to providing good customer service, keeping users in the loop about any issues the platform encounters.

  • Cons

    – It’s not possible to purchase anonymously, which coupled with the long verification time may put off users looking to trade privately.
    – Their UI is not the most straightforward, which may confuse newcomers.
    – Credit card fees are quite high.

Verdict

Ultimately, Bitstamp offers a safe platform for buying and selling Bitcoin. Credit cards are accepted, although it comes at a price higher than other sites such as Coinbase or BitPanda.

BitPanda

BitPanda is another site that has a strong reputation and is fairly well established. The founders noticed how difficult it was to buy and sell Bitcoin in Europe, and endeavoured to make it a lot easier. After a long development process, examining in detail and gathering knowledge about the industry, the site launched in 2014 and quickly became the most popular exchange in Europe. They’ve established a good reputation due to their easy to use interface, wide choice of payment options, and fully automated platform. However, a complaint that is often heard (not just about BitPanda) is that their fees are not separated out when you make a purchase. Instead, it’s included in the final rate. Many users are frustrated by this as transparency is otherwise expected.

  • Currencies

    BitPanda have all the main players in the cryptocurrency market. This includes Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, and Ripple/XRP. It’s currently only possible to make purchases in Euros however, as the platform is not available to customers in the USA.

  • Can You Buy Bitcoin Anonymously?

    You cannot make a purchase on BitPanda without first verifying your identity. There are three levels of authentication you must go through, and to buy with a credit card you must first verify your identity via a video chat. This includes producing your ID, such as your Passport. Although it’s very useful to be able to make large purchases with your credit card, it’s only possible to do so once you’ve been through the process. Thankfully, it doesn’t take too long to become verified with the platform, even amidst the high demand.

  • How to Start Using BitPanda

    It’s easy to use the BitPanda platform to start buying and selling cryptocurrencies. As we mentioned above, you must first sign up for an account and get it verified. You can then start purchasing, selecting one of the many payment options on offer. You’ll need your mobile number in order to verify each stage of the process, but once you’ve determined how much of the digital currency you want to buy, or how much fiat you want to spend, the process is quick and straightforward. You can either withdraw your currency to an offline wallet, or store it on one of the digital ones that BitPanda provide.

  • Pros

    – They are a well-trusted site that is established as a reliable place to buy digital currencies in Europe. Their customer support level is good, and customers generally tend to have positive things to say about them.
    – You can make transactions in multiple different currencies, covering all of the major ones such as Bitcoin, Ethereum, Ripple and Litecoin. In terms of transaction fees, they’re relatively low compared to some of their direct competitors.

  • Cons

    – One major complaint is the transaction fees; they’re not very transparent. It can sometimes appear worse than other sites, but in reality the rates just include the transaction fee.
    – U.S. and Canadian customers can’t buy via BitPanda, as it’s only available to European markets. Therefore, transactions are only offered in Euro.
    – You have to verify your account in order to make any purchases on the site, which means you can’t buy Bitcoin with a credit card anonymously.

Verdict

BitPanda offers a really great service to their European customer base. Despite the verification process and lack of transparency with fees, customers can buy Bitcoin with confidence using a wide variety of payment methods.

Bitcoin.com

Bitcoin.com took ownership of their fantastically-branded domain in 2014. Although you may think this makes them the most authoritative name in cryptocurrency, this isn’t necessarily the case. Since their inception they’ve offered a variety of different services centering on Bitcoin and Bitcoin Cash (not without controversy). Due to the strength of their domain, they have long been a source of information and services for newcomers to cryptocurrencies. Although it’s sometimes difficult to obtain any degree of anonymity, it is possible to make purchases with your credit or debit card.

  • Currencies

    Although there are other services available, there are only two pairings available to buy on Bitcoin.com. Going to buy.bitcoin.com gives you both USD-BTC and USD-BTH pairings. This does limit your options somewhat, but this is counterbalanced by the fact you can easily buy both using your credit card. The service itself isn’t actually powered by Bitcoin.com, instead it uses a framework from Simplex. 

  • Can You Buy Bitcoin Anonymously?

    Because the Bitcoin.com platform is powered by Simplex, it makes the question of anonymity somewhat difficult to answer. On their website, Bitcoin.com claims that the process is as simple as entering your credit card details and Bitcoin wallet address. You will also have to verify the standard details associated with your credit card. However, they do also note that for some transactions, additional verification will be required with Simplex. Further details of this are vague on their website, so be prepared to provide extra information when making a purchase.

  • How to Start Using Bitcoin

    The core user interface of buy.Bitcoin.com is fairly straightforward. It asks you to create a Bitcoin wallet first, if you don’t already have one, and then asks you to enter the amount of Bitcoin you wish to purchase, as well as your wallet address. Be aware that the site defaults to Bitcoin Cash purchases, which is not the same as Bitcoin (or Core Bitcoin as they refer to it). From here you simply have to enter your credit card details and wait for the transaction to complete and the Bitcoins to be sent to your wallet. This can take 1-24 hours depending. As mentioned above, you may also be asked to provide additional details to complete your transaction.

  • Pros

    – The straightforward user interface is easy to use. Buying Bitcoin with your credit card is a straightforward process that can be done quickly.
    – There are many other services and a lot of information available on the Bitcoin.com website.

  • Cons

    – The emphasis on Bitcoin Cash can and has confused new users. Newcomers should be wary of what they’re purchasing.
    – The fees associated with a purchase can be fairly high. Bitcoin.com takes 2.5% and Simplex take 5% for credit card purchasing, with a minimum amount of $10.

Verdict

Overall, Bitcoin.com presents a fairly easy way of purchasing Bitcoin, but there are certainly issues that hold it back from being a top exchange. The site has long provided a wealth of information about Bitcoin, but their recent trend towards Bitcoin Cash and their aggressive promotion thereof has drawn criticism from many. As a way of buying Bitcoin with your credit card, it is certainly functional, however their fairly high fees will be off-putting for a good many customers.

IQ Option

Since 2013 IQ Option has been rapidly growing their user base and their trading volume. They now boast over 25 million users and very much focus on delivering a responsive customer experience. One of their unique selling points is the fact that 68% of their withdrawal transactions are completed instantly, with an average wait time of only one day.

  • Currencies

    IQ Option presents a wide range of investing and trading options, not limited to cryptocurrencies. In terms of digital currencies, twelve of the top ones are listed to trade, including Bitcoin, Ethereum, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA, and Dash. You can also trade Contracts for Difference (CFDs) on stocks, Exchange Traded Funds (ETFs), Forex, and a range of various digital options.

  • Can You Buy Bitcoin Anonymously?

    It’s not possible to buy anonymously via IQ Option, as the verification process requires detailed personal information. You are able to sign up relatively easily and start trading with a demo account to practice your skills, but to trade with fiat currency you first have to verify your identity. If you wish to deposit more than $3000 you are eligible for a VIP account, which gives access to wider features and your own account manager.

  • How to Start Using IQ Option

    Firstly, you’ll need to sign up for an account, which you can do via Facebook or Google, as well as with your email address. Once this is complete, you can immediately start using your practice account, which is a great way to familiarize yourself with how the platform works. If you wish to start trading for real, you will usually need to verify your phone number, personal information, your trading experience, as well as uploading photo identification. This may differ by country however. Once you’re verified, you can start trading, either on the mobile app or desktop site. Deposits to your account can be made using a variety of methods, including debit and credit cards.

  • Pros

    – IQ Option offers a great range of trading pairs across a number of different formats. Registering is reasonably straightforward, so you can start trading right away.
    – You can make purchases with your debit or credit card and can rest assured that you will have access to high-quality customer service should anything go wrong.

  • Cons

    – You can’t make purchases anonymously as there is a high level of verification you need to go through first.
    – As the platform is quite advanced, it may struggle to run correctly on old or slow devices.

Verdict

IQ Option is an intriguing prospect for those serious about trading in Bitcoin. The practice account is a really useful way to adjust to the industry if you’re a newcomer, and the trading options really are magnificent. Their level of customer service is also of the highest quality, meaning you can trade with confidence. Although you can purchase Bitcoin with your credit card, you cannot do so anonymously.

Alternative Methods

LocalBitcoins

Above we mentioned how one of the best ways to buy Bitcoin anonymously is with a peer-to-peer service. This is where you buy directly from another individual. LocalBitcoins offers this exact service and acts as an in-between or escrow service. The site was founded back in 2012 and is a trusted way for individuals to exchange Bitcoin for cash with minimum hassle.

  • Currencies

    Although only Bitcoins are available to buy, users are able to purchase them in almost any currency. Not only can you pay in your local currency, you can use things like gift cards, or cash in person. The user who is selling posts an ad that specifies the rate and how they want to be paid. You can search for an ad in your country, and specify how you want to make the purchase.

  • Can You Buy Bitcoin Anonymously?

    One of the main attractions of using LocalBitcoins is the fact that users only need an email address to create an account. There is no mandatory verification required. This means if you want to buy Bitcoin using a credit or debit card, you don’t have to go through a lengthy process to confirm your identity beforehand. However, some users who post ads will require the buyer to verify their credentials before they are willing to trade. This is to protect their investment against any potential fraud, something that has been an issue in the past. Despite this, there are still plenty of ads that can be made anonymously. However, the number of countries that LocalBitcoins is available in is somewhat limited and you often can’t make a payment with your credit card directly into the platform.

  • How to Start Using LocalBitcoins

    After registering with LocalBitcoins, you will be given your own secure wallet. On the main search page you can specify how much you want to buy, where you want to buy it, and what currency and payment method you want to use. You can then choose a trader who has a good reputation and who meets your requirements. Pressing the ‘buy’ button will show you further information about the seller and the buying requirements. If you’re happy with this, you can contact the seller to request a trade. Enter your payment details, and once they’re verified, the Bitcoin will be deposited in your wallet.

  • Pros

    – It presents a private and anonymous way for users to buy and sell Bitcoin. For many customers this is the only valid way for them to purchase the cryptocurrency in their local area.
    – It’s easy to create an account and make a purchase. There is a large user base that actively uses the website, so the chances are you can find a seller who matches your requirements.
    – Because you can use almost any payment method, you have plenty of options no matter how you prefer to pay.

  • Cons

    – Only Bitcoin is available to buy. You can trade using other cryptocurrencies, but you can’t purchase them there.
    – There have been safety concerns in the past; many users have reported potential scams being used on the platform.
    – Their fees can be quite high compared to other exchanges, particularly when buying in cash. This is due to the fact that many users enjoy the privacy that the anonymous transactions present.

Verdict

Overall, LocalBitcoins is an ideal option for those looking to buy Bitcoin with a credit card with no verification. Due to the fact that it’s a P2P network, you’re (usually) buying from real individuals. Therefore a certain amount of trust is built up. They’ve been around since 2012 so they know the market well, and have been serving customers throughout the volatile history of Bitcoin.

Wall of Coins

Wall of Coins is another P2P exchange where users can trade Bitcoin directly. It uses a fairly unique SMS system to guide users through the buying process, meaning that new users can soon make their first transaction. Sellers are free to specify how they want to be paid, making it possible to pay in various different ways. It’s a really great website for those looking to make a Bitcoin purchase anonymously.

  • Currencies

    Currently there are only two currencies that are available to purchase through Wall of Coins. These are Bitcoin and Dash. In terms of payment currencies, as we mentioned above this really depends on the seller. There are numerous countries that offer support for the platform, including: United States, United Kingdom, Argentina, Australia, Brazil, Canada, and Germany.

  • Can You Buy Bitcoin Anonymously?

    The verification process for Wall of Coins only requires the user to input their phone number. You will also be asked for your postal code if you plan on making a payment via cash deposit, so that you can find the nearest applicable bank to your location. It’s possible to deposit the cash in over 120,000 locations, which is a real bonus. With all this in mind, it’s definitely possible to buy Bitcoin privately without verifying your details. However, it’s not possible to make a purchase using your credit card.

  • How to Start Using Wall of Coins

    It’s really easy to get started using the website. First you register for an account and have to provide your mobile number and postal code. From here you can select ‘Buy’ in order to find a bank near you that accepts deposits. You can then search for a seller who matches your requirements, follow the instructions, and then make your deposit.

  • Pros

    – You can buy as much or as little as you like, providing it’s over $5 worth. This makes it a great choice of platform for those looking to invest a lot in the digital currency.
    – It’s quick and easy to register and make a payment; you don’t need to verify anything other than your phone number so you can be reasonably discreet.
    – Once a payment is made and verified, it usually only takes around 15 minutes.

  • Cons

    – It’s not possible to buy direct from Wall of Coins using a credit card. However, the systems they do have in place are quite convenient.
    – Fees are not separated out from the buying price. Although they’re generally low, it’s hard to make a direct comparison.

Verdict

Overall Wall of Coins offers a good option for those wanting to buy Bitcoin anonymously. There’s a strong user base across a wide range of countries, and there are thousands of locations that you can deposit the cash to make your purchase. The privacy level is excellent, but unfortunately credit card payments are not accepted.

Leave a Reply

Your email address will not be published.