Buy Bitcoin with a Credit Card
You can buy BTC for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via our partner Mercuryo with a few simple steps right on this page. You can also look at Bitcoin price dynamics and history, get some answers to your questions, and find some useful links to read more on what is BTC.
Bitcoin Live Price Chart
BTC price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
Bitcoin is the first cryptocurrency ever created that was meant to become an innovative payment network and a new form of money. Bitcoin protocol implements highly available, public and decentralized ledger. In order to update the ledger users have to prove that they control an entry in the ledger. No one can control Bitcoin, but anyone can participate in it. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
The creation of Bitcoin is described in a paper published in 2008 by Satoshi Nakamoto, who developed the concept, designed the software and launched the Bitcoin network. Satoshi Nakamoto is believed to be a pseudonym of the user or a group of users, whose real identity is remaining unknown. The Bitcoin network was launched in 2009. The software and network have undergone several updates and improvements since then, but the basic principles and design laid out in the original white paper have remained largely unchanged.
The main advantage of Bitcoin is that it’s a peer-to-peer cryptocurrency that is supposed to allow users to transfer the value between each other without an intermediary. Bitcoin utilizes a Proof-of-Work consensus mechanism that requires users’ computers to solve complex equations. The fastest computer to do that is getting rewarded with the freshly minted Bitcoins.
Bitcoin mining is the process of creating new bitcoins. Miners obtain bitcoin addresses and keys through an online computer algorithm. They then use those digital tools to generate bitcoin addresses and keys. Afterward, they ship those digital materials to other participants in the Bitcoin network. Through this process, miners create new bitcoins and also verify existing transactions on the blockchain. Once confirmed, these transactions are broadcast to all nodes on the Bitcoin network and recorded on the blockchain. All transactions are broadcast to the network and usually start to be confirmed within 10-20 minutes.
Each block in the blockchain contains a number of transactions, and once a block is added to the blockchain it cannot be altered. This ensures the integrity and chronological order of the transaction record. Bitcoin transactions are anonymous and are not linked to any personal information, but they can be tracked through the blockchain.
Bitcoin wallets, which are used to store and manage bitcoins, have a public address and a private key. The public address can be shared with others to receive payments, while the private key must be kept secret and is used to authorize transactions.
In summary, Bitcoin works by allowing users to make transactions directly with each other, without the need for a third party intermediary, and by utilizing the blockchain to record and verify those transactions.
Bitcoin wallets keep a piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued.
A bitcoin token is a digital unit of the Bitcoin currency. One bitcoin is divisible into 100 million smaller units called satoshis. Tokenomics refers to the economic principles and mechanisms that govern the issuance, distribution, and circulation of tokens within a blockchain network.
When Bitcoin was first launched at the beginning of 2009, the genesis block was minted and 50 BTC entered the circulation at a price of $0.00. Bitcoin continued to enter circulation every block (that was added each 10 minutes), which lasted till the first halving event that happened in November 2012. The halving happens automatically with the number of new blocks entering circulation halving each 210000 blocks.
The users can buy Bitcoin online through most of the crypto platforms such as Binance, Coinbase, Kraken, Bitstamp, Gemini, Bittrex, etc. The most popular way to buy Bitcoin online with bank account is through the Binance platform, which allows depositing funds in your wallet directly from the bank card. You can also look at the options for buying BTC (including Binance and others) right here, where we gathered them for your convenience.
How to Buy BTC on SwapSpace
On this page, we put USD in the “You send” and BTC in the “You get” section in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button: at the moment, we just have one partner for buying crypto, but we plan to expand the pool in the future.
Fill in the “Enter the recipient address” field with the destination Bitcoin address. Check the information carefully and click the “Next” button. After reading special terms and conditions in the next window, click “Next” again.
The Mercuryo widget will appear in the window at that point, asking you to complete the steps necessary for all the fiat-crypto exchanges and transfer the funds from your card. Follow the instructions on the screen. You can also read our detailed tutorial here.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
