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One of the hot topics being discussed everywhere is the digital currencies. About two years ago, people used to laugh at the person who wanted to exchange Bitcoins for a few dollars. But now, almost every person wants to exchange their dollars with Bitcoin. All this is because of soaring prices of the digital currency. It has made the transactions quite easy by eliminating the role of third part or intermediary or bank. The transactions in crypto currency take place directly between the seller and the purchaser.

These transactions are recorded on a distributed digital ledger called blockchain. One of the gigantic problems that common people are facing, nowadays, is which is the best crypto currencywhich is the best place to buy it, and which is the best way bitcoin with credit card instant buy it.

Before answering this question, I would like to explain some basic concepts that may help you understand the realities behind crypto world.

Bitcoin is the most valuable and old digital currency that was made public in It is actually a digital currency in the form of a coin that is created after a lot of mathematical computations. Bitcoin is traded directly between the sellers and the buyers without any third party. All the transactions are recorded bitcoin with credit card instant an electronic ledger called blockchain. With the increasing use of virtual currencies, the number of websites selling these currencies has also increased.

Their number has increased from only 6 in to more than in With more than Bitcoin exchangespeople are worried about which is the best and trustworthy website to buy virtual currencies. After minute observation of various Bitcoin exchanges, we have come to the conclusion that Coinmama is the best and trustworthy exchange for purchasing or selling Bitcoins.

Coinmama bitcoin with credit card instant an Israel based crypto currency exchange that allows the users to buy Bitcoins through their Debit or Credit cards without any hassle of verification. This website keeps your transactions private to a great extent. Also, the website is so designed that the users can easily use it on their PC and mobile browsers as well. This is because this method allows you to buy coins from any trustworthy place in the world irrespective of where you are sitting.

Here, one thing worth mentioning is that most of the websites need verification for this process. Others require SMS or any other kind of bitcoin with credit card instant. Coinmama is the only exchange which offers its customers buy bitcoins without any verification.

Following are the steps in buying bitcoins bitcoin with credit card instant this exchange without verification. To buy, sell, or exchange bitcoins on any online exchange, you have to first sign bitcoin with credit card instant for that website or exchange.

This means you have to open an account on that website. During this account opening process, you have to verify your email address. Some personal information is required on this page and you have to fill these information and save them. After filling in all the personal information and saving, a new page will open.

This page will display various options. For example, you can enter amount of how many Bitcoins you want to buy. This may range between 0. This will take you to another page. Here, it is pertinent to mention that Bitcoins are always kept in wallets.

These may be either hard or soft wallets. This wallet is actually the address where those Bitcoins that you have purchased will be delivered. All this is done after the confirmation of payment.

This page requires billing information and address. You have to fill in all the required information on this page and click continue. You will be asked to bitcoin with credit card instant your Email and phone number. Most people will not need to upload a selfie. Just skip step 8 if CoinMama does not request this from you. There are two separate steps of verification. One is email and phone number verification and the other is ID picture uploading verification.

Do not log out of bitcoin with credit card instant account until Coinmama confirms your verification. After the completion of the process, Bitcoins will reach your wallet address in minutes.

Founder and Editor of RippleCoinNews. Passionate about how technology can empower people to create a more just and sustainable world. Don't like authorities that are ruled by international corporations.

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The company says that its approach to cryptocurrency transactions has not changed. Incidents like this pose several challenges for the cryptocurrency industry short-term, but also show just how scared the incumbents really are.

Currently, if you want to buy bitcoin, ethereum or any other alt-coin instantly, the only option is to use your debit or credit card. Transferring funds from your bank has lower fees, but takes several days. Coinbase has long accepted debit and credit cards for instant buys, however, passing on to the buyer the standard 4 percent credit card transaction fee. Now, it seems VISA issuers and Mastercard have quietly reclassified the way Coinbase credit card purchases are processed on their networks.

Even worse is that cash advances do not fall under the standard interest-free grace period that consumers expect for other credit card purchases.

The moment the Coinbase purchase goes through, the transaction accrues and compounds daily. For most people, losing 10 percent of your investment in fees means that the practice of using a credit card to buy cryptocurrency is effectively over.

It will become more difficult for investors to purchase bitcoin and other cryptocurrency on their terms. Transferring funds via ACH takes three to five business days. In a world where cryptocurrency prices can swing wildly in either direction, a week feels like a nail-biting eternity. This provides a consistent view of such purchases for both merchants and issuers. If anything, this change makes things more complicated in the short term.

By reclassifying Coinbase and presumably all other exchanges, as well , VISA and Mastercard are doing their best to make it harder, slower and more expensive for people to invest in cryptocurrency.

The rise of bitcoin and future cryptocurrency is tied to the eventual fall of financial middlemen like VISA and Mastercard. Maybe they just woke up to it. Acquirers and merchants are responsible for ensuring that all Visa transactions are properly coded in the Visa payment system, so that issuers can rely on accurate and consistent coding when making authorization decisions.

These codes have been in place for some time. Justin Mauldin is the founder of Salient PR and an investor in cryptocurrency. More posts by this contributor The Bank Of Facebook.