The crypto industry has experienced a notable rise with the emergence of in-game tokens as a captivating and innovative asset class. These tokens, often associated with blockchain-based gaming platforms, have captured the attention of gaming enthusiasts and investors. They often serve for rewarding players for in-game achievements and can be used for buying items during the playing process. An excellent example is the Axie Infinity coin (AXS), which has garnered widespread acclaim for its unique utility. AXS is used for governance, allowing its owners to part take in the game’s development. It also can be staked for rewards, and it gives players access to unique in-game features.
As the demand for in-game crypto continues to rise, investors are eager to find convenient ways to participate in this captivating digital economy. Among the various payment methods available, buying crypto with credit card has become an increasingly popular choice. Purchasing tokens such as AXS with a credit card provides a seamless and accessible entry point into the world of blockchain gaming and investments.
Today, we will explain the step-by-step process of purchasing crypto with a credit card, with a primary focus on AXS.
Can I Buy Cryptocurrency With a Credit Card?
The opportunity to buy crypto with credit card is available on centralized exchanges, that adhere to regulations and implement KYC and AML mechanisms. Here is the guide:
- Research and select a platform. Pick exchanges that allow for credit card payments and boast a solid reputation for security, user experience, and customer support.
- Sign up and complete verification. Provide the required information, including your email address, username, and come up with a secure password. For enhanced transaction security, most exchanges will ask you to pass KYC.
- Add and verify your credit card. Pick the option to add a credit card. Enter your card details accurately and double-check for any errors. Keep in mind that some exchanges may also require an extra step for card verification to ensure added security.
- Fund your account. Decide the amount you want to invest in AXS or any other asset like BTC or ETH. Enter the desired amount and proceed to make the payment using your card.
- Navigate to the trading section and look for the asset you need. Many exchanges have a user-friendly interface that simplifies the process of finding and purchasing the desired crypto.
- There are two primary types of orders: market and limit orders. A market order will be executed instantly at the current price. A limit order is applied if you need to buy assets at a specific price. Select the order type that aligns with your preferences and click “Buy”.
The platform will charge trading fees and AXS will be credited to your account. Don’t forget about bank commissions when you use credit card to buy Bitcoin, AXS, or any other digital asset.
Buying cryptocurrencies with a credit card has become a popular and convenient method for investors and gaming enthusiasts looking to participate in the digital economy of blockchain-based gaming platforms. As the demand for in-game tokens like AXS continues to rise, reputable centralized exchanges offer a seamless and regulated entry point into this captivating market. By following the step-by-step guide outlined above, users can research, sign up, verify their identity, add and verify their credit card, fund their account, and purchase AXS or other digital assets with ease. However, it is important to be aware of trading fees and potential bank commissions associated with credit card transactions.