Want to jump straight to the answer? According to our experts, Bitcoin (BTC) is a good investment with an investment grade rating of 4.2/5 based on the user behavior, developer activity and market maturity factors that trying to assess the overall health, applicability and probability of growth of the project.
You can Buy Bitcoin with Credit Card or Debit Card in 3 easy steps:
In the following sections, we will explain the process to buy Bitcoin (BTC) with credit card or debit card in greater detail.
Please note that Cryptocurrency investments are high-risk investments. Any investment decision is under the responsibility of the individual.
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Bitcoin was the first-ever cryptocurrency to be launched globally since it was first introduced back in 2008. What is intriguing is that so many years after its creation, nobody is still certain about who actually was Bitcoin’s original creator, since that person is still only known under the pseudonym Satoshi Nakamoto.
As a pioneering endeavour, aspiring to offer a true alternative for fiat currencies, Bitcoin is a digital currency based on a distributed ledger technology named blockchain. Being both fully decentralized and fully digital, Bitcoin eliminates the need for centralized intermediaries like banks and credit card companies when Bitcoin transactions occur.
The creation of Bitcoin per se was also seen as an ideological statement since the vision was to enable the separation of monetary policies from national states and national governments and provide people with the freedom to transact independently. Bitcoin creators were critical of bad monetary policies, which they felt could lead the world into disaster. To provide people with a viable and trusted alternative to fiat currencies, which are issued and controlled by governments, Bitcoin was created based on sound financial principles and ensuring both transparency and privacy, in order to safeguard Bitcoin’s value and use.
|Widespread institutional involvement making it a store of value and fiat hedge||High transaction fees|
|First mover advantage/name recognition = head start on real world adoption||Scalability issues = slow transaction times|
|Deflationary fully decentralised tokenomics||Huge environmental cost due to proof-of-work concept|
The primary reason why BTC is comfortably among the top 10 cryptocurrencies in the world, is that it is the oldest around and thus the most proven and most established one. Consequently and naturally, it boasts the biggest community of developers and investors backing it for further growth and pushing for it to become even stronger and more popular.
As it is supported by all the top exchanges and e-wallets, purchasing Bitcoin is very easy and accessible, even for absolute beginners.
Bitcoin is rapidly becoming mainstream and is being adopted and accepted as an alternative means of payment by an increasing number of vendors and for an increasing number of transactions for buying goods and services.
As its usage increases, Bitcoin seems to be having a hard time scaling up, primarily due to very slow transaction speeds. It is not uncommon for a Bitcoin transaction to take more than 10 minutes to get through, since its network can only process about 7 transactions per second.
In addition, the all-important activity of mining, which is crucial for any cryptocurrency, has become highly energy-intensive in the case of Bitcoin, due to the fact that it requires very powerful hardware which is both very expensive and energy-intensive, needing a lot of electricity.
Moreover, and especially when compared to newer cryptos, Bitcoin comes with relatively high transaction fees which render it less attractive.
The historical performance of BTC reflects its success since, while in 2010, you could get 1 Bitcoin (BTC) for less than a dollar in December 2017, the price of one BTC reached a record high of $17,900. In fact, BTC grew by almost 2000% in 2017 alone. Though like other cryptos BTC did see a huge dip in early 2018 and though fluctuations are commonplace, spurred by the pandemic it has recently hit new highs.
BTC’s market capitalization of is estimated around $163 billion and its market share is around 36% of the total cryptos volume. Since it was the first crypto to be launched and has the longest track record it is also undoubtedly still the most popular cryptocurrency in the world.
* The prediction figures outline some of the Potential high and low of Bitcoin (BTC) price prediction forecasts for the years 2021, 2022, and 2025 based on the data collected from various sources meant strictly for educational purposes only and not taken as investment advice.
By the end of the year 2021, using forecast and algorithmic analysis, our price prediction forecasts suggest that one Bitcoin will reach an average price of $85.5, which will be an impressive 0% growth from it's current market price.
By the end of the year 2022, our price prediction forecasts suggest that one Bitcoin will reach an average price of $160.5, which will be an impressive 0% growth from it's current market price.
By the end of the year 2025, our price prediction forecast suggests that one Bitcoin will reach an average price of $417.5, which will be an impressive 1% growth from it's current market price.
There are several online sites and platforms where people from across the globe can buy Bitcoin at good exchange rates and with low or no transaction fees. To aid your quest we have comprised a list of some of the most popular methods and platforms to buy Bitcoin from and your strongly advised to consult this list before making your first purchase of or investment in Bitcoin.
It only takes a few easy steps to buy Bitcoin with credit card instantly. Speed matters - get instant confirmation, minimal registration & KYC verification!
To the dilemma of whether to invest in BTC or not, the answer is pretty simple: a Bitcoin investment is worth it most of the time in the long term. Most challenges emerge from bearish market conditions or regulatory issues since those are often raised in order to prevent digital currencies from truly becoming mainstream and threatening the dominance of fiat currencies. However, as time goes by we see a growing number of institutional investors buying crypto, which can be seen as a clear sign as to where things are heading.
BTC is perhaps the easiest virtual currency to purchase, as it is always a reference pair against most other coins in exchanges all over the world. Moreover, it is also the bridge and gateway for investing into other, newer, or less popular cryptos, which fiat pairing is not available on exchange platforms. A recent trend also reveals that Bitcoin is becoming a store of value, similarly to gold, and once its volatility stabilizes chances are that this will materialize.
The biggest risk with investing in Bitcoin is that it often experiences huge price fluctuations, with its price literally going up or down thousands of dollars in a matter of few days. If such fluctuations are not your cup of tea and stress you out, then perhaps you should avoid heavily investing in Bitcoin. However, if you are not completely risk-averse and may afford to tolerate such fluctuations, then a Bitcoin investment may well be just the type of smart long-term investment that you are looking for.
There is no guarantee that you will make a profit when you invest in Bitcoin. However, to give yourself the best chance possible we have hand-picked the three most valuable such strategies, which you can find below:
In this guide, the aim wasn’t only to answer simple questions like “how to buy Bitcoin?” or “where to buy Bitcoin?”. Instead, the goal was to equip you with the relevant knowledge and insight to be able to see and understand the bigger picture as well as make your Bitcoin investment journey as successful and as profitable as possible!
However, Binance isn’t exactly a beginner friendly way to buy Bitcoin (BTC). Let's just get straight to the point:
|Provider||Payment Method||Fees (Approx.)|
|Kraken||UK Bank Transfer||< 1%|
|Wirex||Debit Card Fees||2.5%|
|Crypto.com||Debit Card Fees||2.99%|
|Coinbase||Debit Card Fees||4%|
|Cryptopay||Debit Card Fees||4%|
More information on legal and regulatory status of crypto assets in the UK can be found on our latest publication on How to buy Bitcoin in the United Kingdom
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