How to Buy Bitcoin With a Credit Card – Bitcoin Magazine – Bitcoin Magazine

Introduction

Surprisingly, the first time the term “credit card” was used to describe a card for spending was back in 1887, mentioned several times in the utopian science fiction novel “Looking Backward” by Edward Bellamy.

Although, in the beginning, the concept was slightly different from today’s and did not include debt in terms of borrowing money from authorities, credit cards have been around for nearly 150 years and won’t go away easily.

People use it for convenience but often go beyond their means, buying goods and services they could not afford without falling into debt. Over the long term, those who don’t have good money management skills could get into financial trouble if they don’t repay their debts in time, as interest rates can be excessive.