What are credit cards?

A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts plus the other agreed charges. The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.

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A credit card is different from a charge card, which requires the balance to be repaid in full each month. In contrast, credit cards allow the consumers to build a continuing balance of debt, subject to interest being charged. A credit card also differs from a cash card, which can be used like currency by the owner of the card. A credit card differs from a charge card also in that a credit card typically involves a third-party entity that pays the seller and is reimbursed by the buyer, whereas a charge card simply defers payment by the buyer until a later date.

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Credit cards offer a line of interest-free credit (loan) that is usually billed once a month. Credit cards are usually not connected to a personal bank account, but another bank or financial institution that issues the card. Debit cards, by contrast are always linked to a bank account and money is withdrawn from the account when a transaction occurs. The most popular credit card networks are MasterCard, VISA and American Express.

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Buy Bitcoin with APPLE PAY

We now accept APPLE Pay as a form of payment to purchase any of the cryptocurrencies that we offer on our above platform.  Apple Pay is a mobile payment and digital wallet service by Apple Inc. that allows users to make payments in person, in iOS apps, and on the web using Safari. It is supported on the iPhone, Apple Watch, iPad, and Mac. It digitizes and can replace a credit or debit card chip and PIN transaction at a contactless-capable point-of-sale terminal. It does not require Apple Pay-specific contactless payment terminals; it works with any merchant that accepts contactless payments.[1] It adds two-factor authentication via Touch ID, Face ID, PIN, or passcode. Devices wirelessly communicate with point of sale systems using near field communication (NFC), with an embedded secure element (eSE) to securely store payment data and perform cryptographic functions, and Apple's Touch ID and Face ID for biometric authentication.

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What are debit cards?

A debit card (also known as a bank card, plastic card or check card) is a plastic payment card that can be used instead of cash when making purchases. It is similar to a credit card, but unlike a credit card, the money is immediately transferred directly from the cardholder's bank account when performing any transaction.

Some cards might carry a stored value with which a payment is made, while most relay a message to the cardholder's bank to withdraw funds from a payer's designated bank account. In some cases, the primary account number is assigned exclusively for use on the Internet and there is no physical card.

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Why do not all exchanges accept credit card payments?

Credit cards exhibit some risks for merchants. Credit card payments can easily be disputed and charged-back which may result in a lot of hassle for the merchant. Furthermore, payments take up to a few days to settle during which the exchange or broker needs to prepay the cryptocurrency purchase with own funds or bank overdrafts.  We offer the lowest fees in the industry when buying with Credit/Debit cards and settle our crypto transactions within a 20 minute window.  Your coins will be in your wallet within that 20 minute period after your transaction has been completed.

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Advantages of buying Bitcoin and cryptocurrencies with credit card?

In many cases, credit cards are the easiest and fastest way to buy Bitcoin, Ethereum and other cryptocurrencies. Exchanges and brokers transfer your coins to your account almost instantly after the payment was confirmed by Visa or Mastercard.

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Disadvantages of buying Bitcoin and cryptocurrencies with credit card?

While cryptocurrency transactions are generally irreversible, credit card payments allow for a reversal of funds to the customer if a transaction is disputed and a chargeback requested. Hence, cryptocurrency brokers offer credit card payments at a surcharge, we have teamed up with "Simplex" to bring you the lowest surcharges in the industry.  There are no other sites that offer a 5.5% fee when buying bitcoin or any other cryptocurrency with credit and/or debit cards.

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Is it safe to buy Bitcoin and crypto with a credit card or debit card?

Generally speaking, it’s perfectly safe to buy cryptocurrency with a credit card — provided you buy from a trusted and reputable exchange or broker.

Remember that your bank will protect you against any fraud.  We have teamed. up with "Simplex" the number one payment processing for cryptocurrencies in the world and have been able to negotiate the lowest fee in the market for our clients.  We, YCO Bitcoin will protect you as well as Simplex will protect you, your identity and all your transactions.

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Which cryptocurrencies can I buy with credit card?

With MasterCard and VISA you can buy the following cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, Monero and others. Please check our exchange and broker details above to learn more.

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Pros of buying Bitcoin and Cryptocurrencies with you credit or debit card

• Quick and easy.

• Our platform that allows bitcoin and crypto credit card purchases is very user-friendly.

• Fast way to buy bitcoin and other currencies.

• Buy crypto directly with USD and hundreds of other fiat currencies.

• Ideal for beginners.

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