If you want to buy Bitcoin with a credit card, it takes less than five minutes. That very convenience makes it the most expensive buying route available in Germany. You do not pay one fee but two: the card surcharge of the trading venue, and a second surcharge from your own bank, which frequently does not book the purchase as a purchase at all. On €100 of card spending that adds up to €9.94 in the most expensive case and €1.80 in the cheapest. Paying in the same amount by SEPA transfer costs nothing at any of the large providers.
Bitcoin traded on Sunday at around €75,660, or $85,201, and was thereby 0.4 percent above the previous day. For the question of what the purchase costs, the price is irrelevant: the fees attach to the payment route, not to the price level. This article works through both items separately, shows how to recognise the expensive clause in your own card contract, and says when the card is nonetheless the right choice.
Buying Bitcoin with a credit card: these two fees are charged separately
The decisive point is overlooked in almost every guide. Two companies are involved in a card purchase of Bitcoin, and b...
English (US)