How to buy Ethereum with credit card
If you are trying to buy Ethereum for the first time, you may struggle discovering a place that allow for credit card based sales of Ethereum.
Many companies won’t let you to buying Ethereum on credit card in light of complex regulation and government approval where they are based. But, there are still some of companies offering you to buy Ethereum on credit card.
Step #1 – Buying Ethereum with credit card:
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Step 2 – Option #1 – Buying Ethereum with credit card with Cex.io:
The first site for buying Ethereum on credit card is Cex.io
Cex.io are a high-quality service located in England. They are one of the few companies that support credit card purchases of Ethereum.
I recommended them because it is the only services that allow buying Ethereum on credit card and that are certified by both the United States Money Service Licensing Authority and the United Kingdom’s financial authority meaning they are the most secure possible choice for your Ethereum purchase.
Pros for buying Ethereum on Cex.io:
- Cex.io has a free cryptocurrency wallet to store Ethereum and 6 other cryptocurrencies.
- Cex.io includes their own cryptocurrency exchange letting you trade and sell your Ethereum as well.
- Cex.io has been around since 2013 and is one of the oldest and safest places to buy Ethereum using credit card.
- Bonus 1% free on all eligible deposits (limited time!)
Cons to buying Ethereum on Cex.io:
- In cryptocurrency buying on credit card usually results in slightly higher fees than other payment methods
Step 2 – Option #2 – Buying Ethereum with credit card on eToro:
A slightly different company that lets you use credit card for buying Ethereum is eToro.
eToro is different than other exchanges. eToro enables you to buy both cryptocurrency and stocks within the same account. They also let’s you access copy trading which are automated portfolios set up by trading experts. This allows you to set how much you want to invest every month and purchase the right cryptocurrencies even if you are new to cryptocurrency.
eToro also offers a free $100 bonus with your first eligible purchase.
Pros to buying Ethereum with credit card on eToro:
- Up to $100 Ethereum free bonus on first eligible purchase.
- Copyfunds to follow expert traders.
- You can purchase traditional stocks as well.
- You can sell Ethereum back on the exchange as well at any time.
Cons to buying Ethereum with credit card on eToro:
- eToro is limited to investing because of this you can’t withdraw your cryptocurrency from eToro. However, this means your Ethereum being very secure. You can sell your cryptocurrency at any time on the platform and we are told that withdrawal methods might be available soon.
Step #3 – Get a Ethereum credit card to earn free Ethereum when banking!
Wirex is an awesome service from the UK. Their service is a credit card and wallet that allows you to use cryptocurrency at any store as well as earn a 0.5% rebate in crypto even on purchases made in fiat currency.
Right now the majority of people simply use it the same way you would use a normal credit card, they choose not to use their crypto when using the card on purchase and pay the balance via fiat in online banking. This allows them to collect cryptocurrency on their regular purchases without needing to spend any.
Think of how great it would be if back in 2013 you earned 0.5% of every purchase as Bitcoin. Each time you bought food or when made payments to your bills you earned some Bitcoin. If that were the case you would now very well off!
It isn’t too late for that! crypto are still a great investment! And, Wirex’s card is still a fantastic product which I encourage all cryptocurrency investors to consider.
Pros of using the Wirex Cryptocurrency Credit Card:
- Use your Bitcoin or cryptocurrency as a payment method (if needed) without needing to pay high exchange withdraw fees and waiting weeks for fiat to arrive.
- Earn 0.5% cash back in cryptocurrency.
- Earn a bonus 0.5% when you buy cryptocurrency with your card.
Cons of using the Wirex Cryptocurrency Credit Card:
- N/A – it’s great all around!
Step #4 – Consider automated bundle funds from CoinBundle:
CoinBundle is another site that we highly recommend new users to use.
Unlike other services CoinBundle is the only site that lets you buy crypto bundles. These bundles work like mutual funds and ETFs. How it works is you are buying a 1 cryptocurrency token that is a share in a pool of cryptocurrencies. In example, if I purchase one bundle token of “Conservative 2” then I actually get my money split up between Bitcoin, Litecoin and Ethereum. This bundle investment results in my portfolio auto re-balancing to match the holding and it also means I only paying one purchase fee instead of three.
These bundle tokens are also real cryptocurrency tokens themselves. This means you can withdraw them and sell them on other sites without withdrawing the underlying coins.
CoinBundle includes several bundles to start but in the future you are able to create your own custom bundle. If you design a custom bundle you will earn commission if others make a purchase of your bundle.
Finally, token bundles offer a great way for you to have a diverse portfolio without needing to be a full-time trader. You can simply follow the top funds.
Pros of trading on CoinBundle:
- $10 in free cryptocurrency during beta! (Limited Time!)
- Low fees.
- Build a diversified portfolio.
- Earn commission from making your own portfolio.
- Only portfolio tool that you can withdraw from.
Cons of trading on CoinBundle:
- Not available in the US.
Step #5 – Monitor your portfolio (and taxes) with CoinTracking
Perhaps the most important step when you buy Ethereum on credit card is managing your portfolio.
Managing your cryptocurrency holdings is hard because:
- It is likely your cryptocurrency is spread out over multiple exchanges, as exchanges don’t carry all cryptocurrencies.
- Tax are challenging because you must record every trade across all the exchanges you use.
CoinTracking makes that a breeze by tracking all your transactions across every exchange you use and building automated reports for your portfolio changes and simple tax reports.
Pros to using CoinTracking:
- Automated portfolio overview.
- Free $10 off discount!
- Monitor your coins across multiple exchanges.
- Easy tax reporting to save you hundreds of dollars a year.
Cons to using CoinTracking:
- N/A we recommend this to everyone.