What is the most secure payment method for buying bitcoin?

Bitcoin Questions and AnswersCategory: QuestionsWhat is the most secure payment method for buying bitcoin?
Cameron Chung asked 5 months ago

Hi there,

I’m curious what the most secure payment method is for buying bitcoin?

My initial assumption is that a credit card would be best rather than using anything directly linked to my checking account (like a debit card). What is your recommendation?

1 Answers
Ofir Beigel answered 5 months ago

Hey Cameron, 
I don’t really understand your question. Security of the payment method has nothing to do with Bitcoin. I mean as long as the site you’re paying to is legit it doesn’t matter if you’re using a credit card, bank transfer or cash.
The important thing is to verify that the site is not a scam. If you use a credit card for your payment though you get a chargeback protection from the credit company. So if indeed you fall victim to a scam you can request your transaction to be reversed. 
Hope this answered your question, if not, let me know.

Ofir Beigel replied 5 months ago

It’s hard for me to give you a short answer for this, however I will soon post a video on the site explaining exactly what security issues you should be worried about when it comes to Bitcoin. Stay tuned!

Cameron Chung replied 5 months ago

Thanks Ofir!

I guess my real concern around investing is I know hacking can be an issue with Bitcoin so I want to protect my information as much as possible. That’s really the root of the question.

Your Answer
6 + 1 =