The leader of cryptocurrencies, Bitcoin (BTC) which has been driving the crypto market since its launch in 2009 has become a must hold for all crypto users today.
Whatever money you own in your wallet, you can still buy one of the costliest cryptocurrencies, which on last 11 November traded for $67,566 per BTC and is today trading at around $29,033 per BTC.
Bitcoin has seen many market crashes and recovered with flying colors; it has provided millions with financial freedom, as Bitcoin is inflation-proof.
As it is limited in supply, with only 21 million BTC available, of which over 19 million BTC is already in circulation, only 2 million BTC is yet to be mined that has become more expensive to mine and required specialized equipment to do so. Mining also requires huge energy costs and many countries have even banned Bitcoin mining citing environmental concerns.
Today, Bitcoin is owned by many institutional users across the world, some of the biggest Bitcoin holders are the US-based business intelligence, mobile software and cloud-based services company MicroStrategy which owns over 114,042 bitcoins, followed by Tesla holding 48,000 BTC, Galaxy Digital with 14,402 BTC, where Jack Dorsey company, Square holds 8027 BTC, Marathon Digital Holdings owning 4813 BTC, Hut 8 Mining 4724 BTC and Coinbase holding around 4483 BTC, according to QZ.com.
Now let’s come back to our topic on how users can buy Bitcoin with a credit card in India.
To buy Bitcoin, a user needs to download the Klever Wallet application from Google Play Store or Apple’s iStore for free.
Once the application is downloaded, run it, save your 12 SEED words, and set up your six-digit security pin.
When that is done, the user is now ready to make their first purchase of Bitcoin using a credit card.
Open your Klever Wallet, you will see the portfolio page, click on Bitcoin.
As soon as you click on Bitcoin you will see five options:
- send– to send Bitcoin to your friends or any other user;
- receive– to get Bitcoin from other users;
- scan – to pay through Bitcoin using QR code;
- charge– to check how much charge the user will pay for buying or selling Bitcoin on Klever Wallet;
- and lastly buy– to buy Bitcoin through credit & debit cards or through a wire transfer of bank accounts.
Click on Buy, and enter the amount that you want to buy Bitcoin. For example, let us use $1000 for buying Bitcoin. Once you put the amount, automatically below the USD, you will see the Bitcoin you will get for that amount. Click on Next to proceed further.
Once you click on next, you will see the Bitcoin address, where the Bitcoin will show after the purchase, now click on Proceed to checkout.
Once you click on it, it will take you to the banking partner page, Simplex, click on I agree, and then it will take you to the payment gateway page.
Choose the payment method as Credit/Debit card and click continue.
Fill in the details like card number, expiry date, and name on the card, and agree to terms and conditions. Click on next and fill in your personal details and then, click Pay Now to confirm the amount.
For security reasons, you have to upload the ID document and complete the KYC process by uploading your image from the mobile camera or selecting from the gallery.
Once your payment is approved, your order will be processed and within a few minutes, you will get the BTC in your Klever Wallet.
Why buy Bitcoin using Klever Wallet
Today, over 3.5 million users are using Klever App globally, of which 150,000 are daily active users.
Klever allows users not only to buy tokens of 22 blockchain platforms from Ethereum (ETH), Tron (TRX), Binance (BSC), Reef (REEF), Syscoin (SYS), Litecoin (LTC), Polkadot (DOT), Kusama (KSM), Ripple (XRP), DigiByte (DGB), Polygon (MATIC), Internet Computers (ICP), Moonriver (MOVR), Bitcoin Cash (BCH), Dash (DASH), Dogecoin (DOGE) and others but also to trade for over 300+ crypto from their Klever Swap service.
The Klever Wallet can store over 10,000 plus tokens of various platforms making it one of the best wallets of all time. It is a simple, powerful, and secure self-custody crypto wallet and is also looking to launch its own hardware wallet, which is expected to be in the market in the coming months.
As you have now learned how to buy Bitcoin, you can now make your first purchase from your credit card using the Klever Wallet app in India.