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 expenses was back in 1887, mentioned several times in the utopian science fiction novel “Looking Backward” by Edward Bellamy.

Although the concept at the beginning was a little different than today and did not include debt when it comes to borrowing money from the government, credit cards have been around for almost 150 years and will not go away easily.

People use it for convenience, but often go overboard, buying goods and services they couldn’t afford without going into debt. In the long run, those who don’t have good money management skills can get into financial trouble if they don’t repay the debt on time, as the interest rates can be too high.