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Thursday, March 23, 2023


Simplex Buy Bitcoin Procedure

Lately, the news is filled with success stories of people who invested in crypto coins a couple of years ago. More people are now showing interest in investing in cryptocurrencies. Bitcoin and Ethereum top the list of the best performing crypto coins. Bitcoin was launched back in 2009. Over the past years, other types of crypto coins have been established on the market.

There are a couple of ways of buying bitcoins on various exchange platforms. For instance, Nakitcoins supports the simplex buy bitcoin process using your credit card. Overall, these processes are meant to help you invest in crypto coins without too much hassle.

In this article, we look at the various methods you can use to purchase bitcoin on crypto exchange platforms. We will also delve deeper into simplex bitcoin purchase procedures including the transaction fees.

Buying Bitcoin Using Credit Card

These days, most exchange platforms allow you to buy crypto coins using your credit card. The process is supported by the simplex buy bitcoin service. On Nakitcoins, for instance, Simplex assists in handling the card purchase.

The prices as pretty competitive, so you will most certainly get value for your money. Most exchange platforms also use third-party service providers such as Simplex to handle the transactions. The third-party services ensure that the transactions are secure and your details are kept anonymous.

During the simplex bitcoin purchase process, you may need to go through the Know Your Client, also known as the KYC, during checkout. At this point, you may be required to upload a copy of your identity card to complete the transaction.

Simplex Buy Bitcoin Terms and Conditions

When using a Nakitcoins exchange account, simplex helps to buy bitcoin. At the moment, you can only buy Bitcoins, Ethereum, or Litecoin using your credit card. However, plans are underway to support the purchase of other crypto coins.

You can use your credit card to buy bitcoin or any other crypto coin of your choice. However, only credit cards issued by VISA or MasterCard are supported or rather accepted. However, you cannot use your credit card to load fiat currency such as USD or Euros to your crypto exchange account.

The simplex visa card and simplex debit card support options will oversee your transaction from start to finish. The type of fiat currency you use to buy your crypto does not matter. However, your bank may charge you a fee for currency conversion in case you are not using a USD account.

Bottom Line

It is never too late to start investing in crypto. Financial experts say that Bitcoin and Ethereum have a high ceiling, and the value of Bitcoin can even reach the $1,000,000 USD mark. As of now, the value of one bitcoin is ranging between the $50-60000 USD mark.

Keep in mind that cryptos are very volatile and their value can rise or fall at any time. Therefore, ensure you do adequate research before investing your money. The best time to buy is during the dip when the prices are low.

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Synthia Rozario
Synthia Rozario
An editorial staff member at The Eastern Herald. Formerly, correspondent of The Eastern Express, Hong Kong.

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