Ethereum is the second most popular cryptocurrency based on Blockchain software. There is no denying that 2019 has proved to be a great year for Ethereum. From the beginning of the year, Ethereum has witnessed a major growth by 1800 per cent. One of the most sought-after and reliable Altcoins on the market is Ethereum. That being said, cryptocurrency enthusiasts love to add Ether Token to their crypto wallets.
Today, people no longer buy BTC coins and convert them into Ethereum. After all, no one is ready to wait for days for the conversion process to complete so that they can get Ether coins in their crypto wallet. In 2014, buying Ethereum was not an easy task. Only a small number of platforms enabled Ethereum purchasing options. Luckily, the scenario has changed today. Many platforms allow users to buy Ethereum with a credit card and bank transfers. Your job is to search for the best and most reliable crypto exchange platform and that’s it! The overall purchasing process takes a few hours to complete.
Buying Ethereum With Credit Cards
First things first, the process of buying Ethereum online may differ from websites to websites. As said above, many Ethereum exchange platforms enable cryptocurrency trading. You only need to register with the site, fill your credit card details, select a suitable Ethereum plan, and hit the purchase button.
But, that’s not the case with every platform. Depending on the crypto platform you choose, the requirements and process can take more time and information. Let’s see the common steps you need to follow to buy Ethereum.
●Register on the Cryptocurrency Platform
The first step to buying Ethereum is registration. Once you have selected the platform for Ethereum transactions, you can create an account with the service providers and get yourself registered on the platform. The registration process should ask for the basic yet mandatory details such as your name, contact details, or address.
●Check Payment Options
Once you complete the registration process, you can check the available payment options and choose credit/debit card payment. You can immediately integrate your credit card into the platform. You can add the credit card information to the blank columns.
Try to configure the card in the crypto platform during the registration process. This is because card verification takes up to 24-48 hours. You might also need to upload a picture with your credit card to complete the verification process.
●Verify your Identity
Another important step to completing the transaction is verification of your identity. Basically, it is not mandatory for crypto users to verify their identity in order to buy Ethereum coins. However, you cannot reap the maximum benefits of your crypto account until you confirm the account registration by submitting the ID proof. The website may ask you to submit any government-issued license or ID proof to proceed with the registration.
That’s it! You can even buy Bitcoin with credit card following these steps. Once the registration and verification part is done, you can initiate the transaction.
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