Is it Possible to Buy Bitcoin with Credit Card?

in #bitcoin7 years ago (edited)

As the popularity of Bitcoin and its cryptocurrency counterparts continues to surge, a growing number of people are scrambling to obtain their own morsels of the potential fortune. Many are finding this is a bit more difficult than simply visiting a website or making a trip to a nearby ATM. Considering some recently passed decisions among major credit card issuers, the process may have already gotten even more complicated; however, xCoins.io has set out to simplify the matter.

Who is xCoins.io?

Based in Santa Monica, California, xCoins.io is a privately held company committed to making bitcoin available to anyone interested in becoming a part of this thriving new industry. With high-level technology, originality and unrivaled dedication to security, the company strives to not only create a superior user experience, but continually remain on top of the latest advancements in the cryptocurrency realm.

How Do I Acquire Bitcoin?

Traditionally, those interested in bitcoin have been able to transfer this cryptocurrency into their digital wallets via exchanges. Though this is still a viable option, these sites are notoriously slow and complicated to use. Following long, drawn-out account creation processes, users still often have to wait several days for bitcoin to reach their possession.

More recently, peer-to-peer marketplaces entered the scene. These online platforms are designed to connect those who need a specific product with those who have it to offer. Dedicated to aiding users in the search for bitcoin, xCoins.io falls into the latter category and offers a number of innovations over the basic alternatives.

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What Sets xCoins.io Apart

Conventional bitcoin platforms hold in store a wide range of issues for users. For one, when going through the majority of peer-to-peer marketplaces, users must thoroughly scrutinize those with whom they’re interacting to ensure complete security, validity and authenticity. From there, users are required to carry out the bitcoin reception process manually. Users are additionally forced to provide support for other users on their own.

xCoins.io was the first to revolutionize this system, incorporating complete automation into its operations. As a result, users don’t need prior experience or in-depth understanding to use the xCoins.io platform. In addition to greater simplicity, this unique system is much faster than the norm. First-time users typically gain access bitcoin in an hour or less while established accountholders are able to do so instantly.

Recent Changes in the Bitcoin Reception Process

Since its introduction back in 2009, the public has been inquiring about how to get Bitcoin. Credit cards and bank accounts certainly do enter the picture, but certain financial institutions aren’t very enthusiastic about being part of the acquisition puzzle. Capital One and Discover were among the first to ban card holders from being able to buy bitcoin with credit card bearing their names. Earlier this year, Bank of America, Citigroup and JPMorgan followed suit. Despite these actions, all hope isn’t lost.

Using Credit Cards for Bitcoin via xCoins.io

All this brings us to the distinctive process of accessing bitcoin through xCoins.io. This begins with signing up for an xCoins account, which takes only a matter of minutes. Users then dictate their desired amount of bitcoin, and the xCoins.io system automatically brings up a list of matching available offers. After completing the acquisition process, specified quantities arrive in users’ wallets, which are created during the account-establishment process.

After creating an account and beginning to use xCoins.io, users on both ends of the industry have considerable options at their disposal. Those in search of bitcoin and offering this cryptocurrency alike may refer to the company’s FAQ section, anonymous discussion forum or dedicated online help desk for support at any time.

Unlike other platforms that have ceased to allow credit cards to enter the mix, xCoins.io continues to offer users this convenience. VISA 3D Secure and MasterCard SecureCode are among the alternatives currently supported. xCoins.io is also among only a handful of peer-to-peer marketplaces to extend users the option of using PayPal.

Is the xCoins.io Process Secure?

Bitcoin and other cryptocurrencies are based on the blockchain format, a groundbreaking platform touted for its unrivaled security. Online transactions of all types are likewise receiving ongoing upgrades as the risk of cybercrime continues to rise. Much like its progressive approach to connecting bitcoin seekers with current owners, xCoins.io has applied its innovations to ramping up security on its online platform.

First off, xCoins.io performs extensive automated vetting and fraud checks on all users prior to allowing them to interact with others. In response to the surging incidence of social engineering plaguing the online world, xCoins.io has additionally addressed this issue. The company recently expanded its security protocol to include an entire team of experts dedicated to social engineering prevention. As such, xCoins.io security has been deemed among the best in the cryptocurrency industry.

Bottom Line

For those asking how to buy bitcoin with credit card, the answer is simple: you don’t. Bitcoin can’t actually be bought or sold any more than traditional fiat currencies can. Through exchanges, users are able to swap other currencies for bitcoin and its counterparts. Peer-to-peer marketplaces allow those who want bitcoin to connect with those who have it to offer.

While xCoins.io is considered a peer-to-peer marketplace, the company stands out from others of its kind in a number of ways. As other platforms veer away from allowing the use of credit cards, xCoins.io proudly continues to stand firm in offering users this option. It’s also one of the few to include PayPal in its repertoire.

Accessing bitcoin through other means is notoriously complicated and time-consuming with the majority of the processes’ intricacies falling on users’ shoulders. Per xCoins.io tradition, the company has gone above and beyond the norm in this regard as well. Courtesy of a distinctive fully automated system, users can enjoy a simplified and more satisfactory experience.

In terms of security, xCoins.io is among an elite few to offer the highest level of protection for its users. Extensive background checks, automated security protocol and an entire team of experts in this field are only a few of the measures the company has incorporated in its system.

Those in search of bitcoin may visit https://xcoins.io for further information or to sign up for an xCoins.io account.

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