Bitcoin Payment

What is Bitcoin?

While much of the world is still busy playing around with physical money, there is a new currency on the web called bit coin that has become a popular alternative to other forms of currency. The bit coin payment process is easy. It is also extremely secure. Paying with bit coin allows for people to engage in truly private transactions on the web. Forget needing to make payments through middle men. It’s not even necessary to involve one’s bank to make a bit coin transaction happen. Aside from being a type of Internet currency, bit coin is not vulnerable to the usual bank practices of currency manipulation. Rather, specialized coding procedures are used to ensure the stability of bit coin and prevent these manipulations from occurring. Now anyone can use this decentralized currency. All that a person needs to get started is a computer or similar smart device that can access the Internet.

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Register online or via their mobile apps and create a Bitcoin wallet with : Coinbase or Circle, etc

Go to your account settings and add payment method (Credit/Debit card, Bank Account, PayPal) and buy coins.   Convert your checkout amount to Bitcoins, then send bitcoins to the wallet address provided on checkout. Share a visible screenshot of the transaction page with us via email once bitcoins are sent.

       Follow the instructions below to purchase bitcoins.

Coinbase lets you buy bitcoins instantly with a credit card or debit card. Here are step-by-step instructions to help make the buying process easier for you.

1. Create an Account on Coinbase

Once you create an account, confirm your personal details and login. You may be asked to upload a scan of ID. Once you’ve logged in, continue to the next step.

2. Navigate to account settings

Navigate to the top right corner and click on your name. There should be a drop-down menu where you can click “Settings”. Then click “Payment Methods” on the menu at the top and you should see something that looks like this:

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Click on “Add Payment Method” in the right corner.

3. Click “Credit/Debit Card”

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4. Enter your Credit/Debit Card Information

Note that Coinbase only accepts Visa and Mastercard credit/debit cards at this time.

5. Confirmation

You should see a confirmation like the one below. If so, your credit/debit card has been successfully added!

6. Buy Bitcoins!

Go to the buy page and you should see a widget that looks like the image below

:

Enter the amount you want to buy, and click “Buy Bitcoin Instantly”. Your coins will then be delivered to your Coinbase wallet!

CoinMama Buying Tutorial (Credit Card/Debit Card)

This section will show you how to buy using CoinMama.

Open an Account on CoinMama

Once you create your account and verify your email address, you can begin following the steps below:

1. Login to Your Account

Once you login, go to “My Account” in the top navigation bar and you should see a page like this:

Enter all of your personal details in the fields above and save them.

2. Click “Buy Bitcoins” in the Navigation Bar at the top

You should now be brought to a page that lets you choose how many bitcoins you want to buy. You can choose one of the set amounts-0.5, 1, 1.2, or 2 bitcoins-or scroll down a bit more to select your own amount.

The field to select your own amount looks like this:

Once you’ve chosen your amount click the green “Buy Bitcoins” button to advance.

3. Select Credit/Debit Card as payment method

GET A WALLET!

You NEED a Bitcoin wallet for the next step.

If you don’t have a wallet yet, learn how to get a Bitcoin wallet now.

We’ll wait for you here 😉

4. Enter your Bitcoin Wallet Address

This is the address where the bitcoins you’re buying will be delivered to once your payment is confirmed. Paste your address into the empty field.

5. Enter your Billing Information and Address

7. Verify Your Phone Number and Email

You’ll receive a 4-digit SMS pin and an email confirmation. Once you’ve confirmed these forms of contact, you should see this:

8. Upload ID Verification

Most people will not need to upload a selfie. Just skip step 8 if CoinMama does not request this from you.

Upload a selfie with you holding your credit card towards the camera. Make sure your name, expiration date, and the first four and last four numbers on the card are visible.

9. Wait for Verification

CoinMama needs to verify that your credit card payment went through successfully.

10. Confirmation Email

If your credit card payment went through, you should receive an email that looks like this:

coinbase

Long process, yes!

But that’s it. Wait 20-30 minutes for the bitcoins to arrive in the address you provided in step four.

BitPanda Tutorial (Credit Card/Debit Card)

This section will show you how to buy using BitPanda.

Open an Account on BitPanda

Once you create your account and verify your email address, you can begin following the steps below:

Login to Your Account

Log in to your account and click “Buy” in the top menu bar. You will now see a page like below. Select “Visa/Mastercard” since you want to buy with your credit or debit card. Also, enter the amount of euro you want to spend or amount of BTC you want to buy:

bitpanda

Now confirm that you want to buy with credit/debit. (Note that only 3d-Secure Mastercard and Verified by Visa cards are allowed. If you don’t have one of these try CoinMama or Coinbase).

bitpanda

Now you need to confirm that the amount you entered before is indeed the amount you want to buy. Also, you confirm that you agree to BitPanda’s exchange rate. In the “the Current Price” field you can also see the exchange rate you are getting. It will likely be 3-4% above the market rate since BitPanda’s fees are included in the exchange rate.

Note, you only have 60 seconds to lock in your exchange rate and confirm!

bitpanda

Now you will have to verify via SMS or a phone call:

bitpanda

Enter the PIN code you received via SMS or phone call:

bitpanda

If you verified successfully, you can now click “Click here to start the payment process”. Make sure you note the 10 minute time–you have this amount of time to complete your order.

bitpanda

On this page you enter your credit card details through mPAY24. One you enter your card information press “Bezahlen”:

bitpanda

That’s it! Now in your BitPanda account, you can check your “History” tab to view the trade details.

bitpanda

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