Coinitix is one of the most secure and faster cryptocurrency exchanges for buying bitcoins using a credit card. As a matter of fact, some of the other features like reasonable exchange rates, faster payouts, best commissions, etc., make it an ideal platform for purchasing bitcoins.
Salient features of Coinitix
Highly Regulated Crypto Exchange: Coinitix is a highly regulated platform and holds a virtual currency service license granted by the Ministry of Economic Affairs of Estonia.
Best Commissions: The site features one of the best commission rates making it easier to buy bitcoins at a reasonable price.
Payouts Are Much Faster: Compared to other platforms that take days to process payouts, Coinitix is known for immediate payouts with literally no wait time.
No Complex Verification Process: Unlike other sites, Coinitix does not have a lengthy verification process. It means that users can buy bitcoins once they have successfully registered with Coinitix.
Better Customer Support: Users can reach the customer support team 24/7 either via live chat or email. In fact, the platform offers multilingual customer support, while the time taken to resolve user concerns is also fast when compared to other platforms.
Buying Bitcoin using a Credit Card
Bitcoin today is more valuable than gold. As a matter of fact, the demand for bitcoin is at an all-time high. As the most trending commodity, most people are trying to capitalize on bitcoin by investing, trading, or simply owning it. Large and medium enterprises are using bitcoin as the new currency for exchanging goods and services in emerging markets.
With the ever-rising popularity of the first-ever cryptocurrency, bitcoin, one can confidently assume that bitcoins are here to say. In fact, the demand for Bitcoin is unprecedented, making it a household term. Moreover, financial analysts and experts believe that now is the time to capitalize on bitcoin, the first digital currency.
What are Bitcoins?
Bitcoin is a cryptocurrency or virtual currency. Unlike the fiat currency, bitcoin is not controlled by any central bank or governing authority, which makes it a decentralized currency. While there are hundreds of cryptocurrencies, it is bitcoin that is valued on par with traditional or fiat currencies. Also, blockchain technology, which is the driving force of bitcoin, makes it the most popular cryptocurrency.
Invented in 2008 by a person or group of people under the pseudonym Satoshi Nakamoto, Bitcoin was released as an open-source software in 2009. Simply put, bitcoin cryptocurrency is exchanged on a peer-to-peer bitcoin network. All the transactions involving bitcoins are protected via cryptography and verified by network nodes. Also, all the transactions are recorded in a public ledger called blockchain, where there is no scope for manipulating the records.
Over the years, the value of bitcoin has only increased from nothing to the highest recorded value, $19,850.11 as of 30th November 2020. Bitcoins are widely used for online purchases of goods and services. As a matter of fact, there are more than 5500 bitcoins ATMs around the world, emphasizing the growing popularity of bitcoins.
Buying Bitcoins
Unlike the fiat currency, there are only 21 million bitcoins that could be mined. Bitcoin mining is the process of introducing new bitcoins into circulation. With the limited number of bitcoins that can be mined, the demand for the cryptocurrency naturally increases. Thus, owning bitcoins or investing in them is subject to a very high ROI. It is for this reason; many people are keen to buy bitcoins as low as the smallest unit of bitcoin, which is a Satoshi (1 BTC or bitcoin equals 1,000 mBTC or millibitcoins, and 1,000,000 μBTC or microbitcoins equals 100,000,000 satoshis.)
Bitcoin trading involves buying bitcoins for a low price and selling the same for a higher value. While this may seem straightforward, buying bitcoins is not as simple as it sounds. So, what are the steps involved in buying bitcoins?
To buy bitcoins, one must first download a suitable bitcoin wallet. Most of the bitcoin wallets enable you to buy bitcoins using various payment methods like bank transfer, PayPal, Neteller, etc. While this may be true, not many allow users to buy bitcoins with credit cards. In fact, there are very limited cryptocurrency exchanges that support the buying of bitcoins using credit cards. Coinitix is one such cryptocurrency exchange that enables users to buy bitcoins using their credit card.
Conclusion
With the widespread adoption of bitcoins globally, new means to buy them using credit cards are gradually emerging. Coinitix is a secure and safe site to buy bitcoins using credit cards. The site features faster payouts and competitive exchange rates and supports a wide array of credit cards like Maestro, Visa, Mastercard, etc.
