This easy-to-understand guide will walk you through on how to buy bitcoins with credit card in the Philippines.
Step 1: Find A BTC Exchanges Website that Accepts Credit Card. In buying bitcoin, check first if the platform accepts credit card as payment. A list of platforms that agrees with this mode of payment can be reviewed here.
Step 2: Factors to Note. The following are things you need to check before buying bitcoin using your credit card: (a) Cards accepted – carefully check if the platform accepts the type of card you have; (b) Transfer limits – the limit may be different when you’re buying BTC; (c) Credit card surcharges – usually, you’ll pay 1-2 percent on top of other fees; there should be no shocking to the conscience surcharges because that is against the law; (d) Currency exchange fees – take note that you might be paying in the currency conversion rate; and (e) How exactly it works – this could be through a linked card or one-time payment.
If you have decided to continue in investing to bitcoin in the Philippines, read the next guide on how to invest in bitcoin which will give you wise and concise ‘how to’.