You can now buy BTC, ETH and LTC with Credit Card on Kucoin

in #crypto5 years ago (edited)

Kucoin has just implemented a new function at their exchange, and it is a great one. As of today (November 28th), you can buy Bitcoin, Ethereum, and Litecoin directly on the exchagne using your Credit Card.

kucoin credit card.jpg

This is a function much needed in the crypto-world. Until now, Coinbase has been the number one place for people to purchase cryptos with their credit cards, but now Kucoin is following in their footsteps. This new function is a part of their cooperation with Simplex, the company actually processing the payments.

Unfortunately, there is a quite heavy fee on such purchases, meaning that you should only use it if you are in a hurry. At the moment, the fee for buying cryptos with your Credit Card is 5%. That is actually higher than the Coinbase fee which is 3,95%. But, when the bullmarket gets started, people will be in a hurry to purchase their favorites cryptos, and thus this will for sure turn popular, even if the fees are extreme.

If you purchase BTC, LTC, or ETH for less than 200 USD/200 Euro, you will not pay 5%, but instead a one time fee of 10 USD/10 Euro.

If you want to give it a try, visit the Kucoin website. You can then find this function as you select Assets, click Deposts, and then select either BTC, ETH, or LTC. If you have done that, you will see a picture like the one beneath, with the "Buy with Credit Card option" in the upper right corner.

buy crypto with credit card.jpg

You can purchase Bitcoin, Ethereum, and Litecoin using this function almost all across the world, with a few exceptions.

This function is not supported in the following states in the USA:

  • New York (NY)
  • Georgia (GA)
  • Connecticut (CT)
  • New Mexico (NM)
  • Washington (WA)
  • Hawaii (HI)

The function is not supported in the following countries:

  • Afghanistan
  • Bosnia and Herzegovina
  • Cuba
  • Ethiopia
  • Iran
  • Iraq
  • Korea, Democratic People’s Republic of
  • Lao People’s Democratic Republic
  • Sri Lanka
  • Sudan
  • Syrian Arab Republic
  • Trinidad and Tobago
  • Tunisia
  • Uganda
  • Vanuatu
  • Yemen
  • Lebanon
  • Serbia
  • Algeria
  • Bangladesh
  • Bolivia
  • Cambodia
  • China
  • Ecuador
  • Jordan
  • Kyrgyztan
  • Macedonia
  • Nepal
  • Nigeria
  • Taiwan
  • Thailand

Want to give it a try? Visit the Kucoin website and sign up for an account (if you haven't done so yet).

Thank you for reading, and do not forget to follow @unbiasedwriter on Steemit for even more crypto related news and articles (in addition to a whole lot of articles about movies and TV series)!

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That was a nice thing to know :) Just fixed it!

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