How to Buy Bitcoin with a Credit Card?

Buy Bitcoin with a Credit Card
Buy Bitcoin with a Credit Card

There are several ways to buy Bitcoin. How do you want to purchase them?

Buying Bitcoin with Credit Cards

  • Currently, just like other instruments and businesses, debit card and credit cards have not been blocked by major companies for being used for purchasing bitcoins. Several credit card companies block users from several countries from investing in gambling or Forex or similar industries in complying with laws of the country the trader resides.
  • Few countries are in the process of evaluating bitcoins and its usage; and after evaluating they have outrightly banned bitcoins from using them. This had made the traders in different parts of the world to use their credit cards freely to purchase Bitcoins in exchanges.
  • The user needs to open an account with an exchange and in turn, the exchange would offer them a BTC wallet. The trader needs to deposit their currency by using their credit card and they can fund their account, which can be used as one of the way to buy bitcoin from the exchange.
  • When the Bitcoin is purchased and stored in the wallet, the trader can either choose to sell it or at any point of time and when the Bitcoin is sold, they can proceed with the withdrawal process from the exchange which would be able to deposit back their funds to their credit card account.
  • Moreover, several exchanges offer the purchase of Bitcoin through credit cards. For those traders who are interested in purchasing Bitcoin and holding it for a longer time, exchanges are the best choice.
  • Several exchanges persist that the deposited amount would be deposited back only in their credit card account. This would help the companies to avoid chargeback by the trader; when it is done the balance funds can be sent back to the user in other methods that are used by the exchange for the withdrawal process.
  • As mentioned above, we can see that the process of purchasing and selling bitcoin by using credit cards is a very straightforward process. This is the best method preferred by many traders because of its speed and easy to use.
Buy Bitcoins With Credit Card
Buy Bitcoins With Credit Card

Is it considered safe to buy Bitcoin with Credit Card?

  • Concerning the legality of buying bitcoins by using a credit card, it is the same as using wire transfer or a similar payment method. The trader can use either wire transfer or credit card to buy bitcoin.
  • However, the traders should be very careful when they are using credit cards in Bitcoin exchanges and other trading platforms as they are easily hacked. Besides, the Bitcoin industry is very popular and it has gained a lot of scrutiny from several hackers because it offers anonymity and it is an industry where a lot of funds are not regulated.
  • Since the cryptocurrency industry is going leaps and bounds, and several new developers are entering the industry where it paves the way for vulnerability for hacking. The trader should be very careful to safeguard themselves when they are using credit cards to buy bitcoin. There are also possibilities that the bitcoins might be stolen along with the credit card information. Because of this, the trader should be very careful when purchasing bitcoin.

Credit or Debit Card

Credit, debit card are the most common ways to pay online. So, it’s really no surprise that many people want to buy Bitcoins or cryptocurrencies this way.

Pros and cons of Buying cryptocurrency by using a credit card

Below given are few pros and cons of purchasing cryptocurrency using a credit debit card –


  • To purchase bitcoin or a cryptocurrency by using a credit card is a straightforward process
  • The trader need not have the cash to buy cryptocurrency, even though they don’t have any cash
  • By using a credit debit card they don’t have to go through third party websites or verification process
  • The user gets the benefits and rewards which come along when they are spending the money through credit card. This applies by using a specific credit card that offers rewards.


  • By using a credit card to buy cryptocurrencies, the user tends to overspend their money
  • If the trader does not use a trustworthy exchange, they run into the risk of credit card information stolen by the hackers
  • The user might be at the risk of for purchasing Bitcoin or cryptocurrencies which are highly volatile and fluctuating in nature
  • By purchasing Bitcoin through credit card the user needs to pay transaction fees

Benefits of Purchasing Bitcoin with credit cards

Advantages of Bitcoin with Credit Cards
Advantages of Purchasing Bitcoin with Credit Cards
  • This method of buying Bitcoin or cryptocurrencies through credit card permits the investors to pay by using fiat currencies which are not allowed by a lot of exchanges. By using a credit card, it makes an easy and quicker option for first-time buyers or investors who want a speedier transaction to be completed without any delay or hassles of purchasing through Paypal or wire transfers.
  • Credit cards allow easy interface and because of this, platforms and exchanges offer this type of purchasing bitcoins which are very user-friendly. By using credit cards as payment it is very easy for beginners who do not want to deal with several confusing processes of buying crypto on several advanced exchange platforms.
  • Further, wire and bank transfers take around 3 to 8 working days to complete a transaction, which implies the cryptocurrency cannot be moved out of the exchange until it is complete. This is an inconvenience for the users and it could also be a potential security risk because of several hacks that are happening in the exchanges. The speed of buying with a credit debit card gives the users more security.

Few tips on Buying Bitcoins Online by using a Credit Card

  • The trader should make sure that they need to deposit only that amount where they can afford to lose
  • The trader should not deposit their life savings by using a credit card
  • They need to ensure that they pay their credit card dues every month
  • The trader should carefully research and analyze the exchange and they should make sure that it offers good security for their funds
  • The user should not disclose their credit card details to any person from the exchange or if any person who calls and ask for certain information

Why buy Bitcoin with a Credit card?

Credit cards are convenient and familiar payment methods. Credit cards allow instant delivery of Bitcoins after initial verification. A few places to purchase Bitcoin online with a credit card are:

Coinbase- USA, Canada, Singapore, and Europe

Coinmama- Global

CEX.IO- Global

BitPanda- Europe

A complete guide on how to buy Bitcoin through Credit Card:

1. Buy Bitcoin with a Credit Card through Coinmama

Buying Bitcoin With Credit Card through Coinmama
Buying Bitcoin With Credit Card through Coinmama
  • Coinmama is an authentic exchange that offers fast services and reliability.
  • You can purchase any number of Bitcoins through a credit card.
  • The company levies premium fees for the exceptional services and once you give the purchase confirmation, you will receive Bitcoins or cryptocurrency immediately.
  • They offer great customer support.
  • Get a Bitcoin wallet.
  • Choose the number of Bitcoins you want to buy from Coinmama’s homepage, Enter the price either in BTC, USD, or EUR. There are many packages that you can select from.
  • Click Buy BTC, and you’ll be directed to the sign-up page.
  • Do additional verification by submitting a photo Id. It takes an hour or 2 to complete verification. Verification makes you eligible to buy $5,000/day and up to $30,000/month.
  • The user-friendly interface allows you to transact easily using a credit card. Using Visa MasterCard is the fastest option.
  • After this, you need to input your Bitcoin address.
  • Enter your payment details and place your order.

2. Buy Bitcoin with a credit card through eToro:

  • EToro is a user-friendly platform that allows you to buy Bitcoin and cryptocurrencies with credit cards at low fees.
  • EToro offers different cryptocurrencies services such as a wallet, CFD services and also a regulated exchange.
  • You cannot actually withdraw coins here, it only allows price speculation. This means you can buy and sell Bitcoins for fiat currency only (USD, EUR, etc).

3. Buy Bitcoin with a credit card through CEX.IO

How To Buy Bitcoin With Credit Card using CEX.IO
How To Buy Bitcoin With Credit Card using CEX.IO
  • It is a well-known company that offers high buying limits.
  • You can get higher exchange rates as compared to the market.
  • CEX.IO is a cryptocurrency exchange that was established in 2013 and is a cryptocurrency exchange that is trusted by over 2 million users. CEX.IO works in the United States, Europe, and some countries in South America.
  • The site offers an extensive trading platform as well as a brokerage services for cryptocurrencies.
  • You need to first open a CEX.IO account.
  • Click on Finance and Deposit next to the requested currency.
  • You have the option to either wire transfer the money or use your credit card to buy Bitcoin or cryptocurrencies instantly.
  • You can choose the credit card option for instant withdrawals of USD, EUR, GBP, and RUB to payment cards, you can deposit and withdraw funds in and from your payment cards after linking them to your CEX.IO profile. You can conveniently access your funds on Visa and MasterCard anytime.

4. Buy Bitcoin with a credit card through Bitpanda

  • It is a cryptocurrency trading platform that offers multiple payment options at relatively low fees.
  • Bitpanda is an Austrian startup company that was founded in October 2014.
  • Here, you can buy Bitcoin and a variety of other cryptocurrencies with a credit card as well as with wire transfers, Neteller, Skrill, SEPA, and more.
  • Bitpanda is only accessible to European countries.

5. Buy Bitcoins with a credit card through Coinbase

Coinbase – How To Buy Bitcoins With Credit Card

Coinbase – How To Buy Bitcoins With Credit Card
  • It offers a user-friendly interface at low fees for trading cryptocurrencies.
  • It is the largest Bitcoin and cryptocurrencies broker worldwide with millions of customers around the world.
  • You have to pay a convenience fee of 3.99% for all credit card transactions.
  • Coinbase is open to 103 countries around the world.
  • It offers you an additional 10% bonus when you buy more than $100.
  • You need to first open a Coinbase account.
  • Go to Settings, then Payment Methods, and then click Add Payment Method.
  • Click the Credit Card Option.
  • Input your card’s information.
  • Once the card is confirmed, you can buy your Bitcoins.
  • You will receive your Bitcoins in your Coinbase wallet.
  • If you purchase Bitcoins or cryptocurrencies from your credit card, you will be charged a 3.99% processing fee.
  • You also have to verify your identity by uploading a government-issued ID.
  • They also accept Visa and Mastercard

6. Buy Bitcoins with a credit card through Binance

  • The company has built a reputation and is available worldwide.
  • It is a cryptocurrency-only exchange.
  • Binance has a partnership with Simplex.
  • Binance is an extensive trading platform with increasing popularity.
  • They also accept Visa and Mastercard
  • All rights reserved by the platform for its features and functionalities.

7. Buy Bitcoin with a credit card through Local Bitcoins

Buy Bitcoins With Credit Card
Buy Bitcoins With Credit Card
  • Local Bitcoins has an easy-to-use interface with a large number of sellers.
  • The sellers levy high fees for credit card purchases.
  • Local Bitcoins is a peer-to-peer marketplace for selling and buying Bitcoins.
  • While using the Local Bitcoins platform, you have to be very selective about the sellers to prevent any scam.
  • Firstly you have to Sign up to Local Bitcoins.
  • Then search for a seller who accepts credit cards.
  • Verify the seller before trading with him.
  • Enter the amount you want to buy.
  • Click on send trade request.
  • Follow any other request by the seller.
  • All rights reserved by the platform for its features and functionalities.

8. Buy Bitcoin with a credit card through Bitstamp

  • Bitstamp is a reputed cryptocurrencies trading platform with multiple payment options.
  • It accepts customers worldwide at average fees.
  • It is one of the most reputable Bitcoin exchanges out there.
  • This exchange is fully licensed by the Luxembourg ministry of finance.
  • The company accepts credit card purchases via Simplex.
  • First, you have to click on Deposit.
  • Choose Credit Card as your payment option.
  • Deposit the required amount.
  • After the deposit is cleared, click on Buy/Sell.
  • Choose the option ‘buy Bitcoins.’
  • Input the amount you want to buy.
  • Click on Buy BTC.
  • You need to use a 3D secure credit card.
  • They also accept Visa and Mastercard
  • All rights reserved by the platform for its features and functionalities.

9. Buy Bitcoins with a credit card through Coinhouse

Buying Bitcoin With Credit Card through Coinhouse
Buying Bitcoin With Credit Card through Coinhouse
  • Coinhouse is a famous company that offers high buying limits.
  • It is available in limited countries.
  • It is the house of Bitcoin in Paris.
  • Here, you can buy Bitcoins by credit cards like Visa, MasterCard or with cash, or with a Neosurf prepaid card, which is available in most European countries.

10. Buy Bitcoins with a credit card through IndaCoin

  • It offers good support across the world.
  • It is a UK based exchange that offers high fees.
  • It allows users worldwide to buy Bitcoin with a credit card.
  • The minimum amount is $5, and the limit for the first month is $500. After 40 days, your monthly limit will be increased to $3,000.
  • For using your credit card, you have to verify your phone number and your five-digit code which is on your credit card statement.

11. Buy Bitcoin with credit card through CoinCorner

  • It is good for beginners.
  • It is mobile friendly.
  • CoinCorner is a Bitcoin broker established in 2014, located in the Isle of Man.
  • It offers services across various countries globally.
  • All rights reserved by the platform for its features and functionalities.

Disadvantages of Purchasing Bitcoin by using Credit card

  • Even though there are several advantages of purchasing Bitcoin through debit card and credit card, there are also a few disadvantages like some of the providers offering high transaction fees and verification process for the transactions.
  • For every credit card transaction, there will be a fee not less than 5% when the Bitcoin is purchased on an exchange. Because of this reason, the intraday traders stay away from this method of purchasing Bitcoin.
  • Other disadvantages are the purchase limit that is put on credit card when they are planning to buy cryptocurrencies. These limits are there because of the higher risk which are involved when they are purchasing by using an exchange, as the banks wanted to make sure the customer’s money is safe and secure.
  • One of the major disadvantages of buying bitcoins through credit cards is, it is not considered as a good option if the trader wants to trade anonymously. This is because a bank account should be linked to the credit card and a photo id has to be added on an exchange that supports debit card and credit card payments.

Alternatives to purchasing Bitcoin with a credit card

How To Buy Bitcoin With Credit Card?
How To Buy Bitcoin With Credit Card?

Some of the alternatives for purchasing a bitcoin with the credit card are discussed below –

  • If you are concerned with fees and security about buying Bitcoin by using a credit card from an exchange, then you can use any eWallet offered from regulated payments provider
  • The above-mentioned process takes a slightly longer period if you are going for direct purchase, yet it offers several benefits. You can also use your Visa MasterCard to deposit money into the wallet within a few minutes by avoiding the traditional wait that is involved with the banks.
  • If the trader connects their eWallet to the fiat to cryptocurrency exchange, they can use their fiat money to buy, sell, and store Bitcoin without any delays.

How to Buy Bitcoin with a Credit Card Instantly?

  • As already mentioned, the speed of the fund transfer is an advantage of using a credit card, which is one of the preferred methods adopted by several traders to buy bitcoin instantly. As we are all aware that the cryptocurrency industry is all about speed these days, the price of Bitcoin highly depends on volatility and fluctuations in the markets.
  • Because of the volatility, we can understand that speed is needed for buying and selling bitcoins; especially for those traders who would like to trade and make use of small and quick moments that are seen on the Bitcoin prices.
  • Few traders prefer to use their debit card or credit cards as it is a very easy method for depositing and withdrawing the funds. By using debit card or credit cards, it also helps them to accumulate more points based on the usage of the credit cards which is a double bonus.
  • If the traders are not purchasing bitcoins through Bitcoin exchange, one of the fastest way to buy Bitcoin by using a credit card is through CFD brokers.

Wrap up

To conclude, if you want to purchase bitcoins by using credit cards the market rate is 5% for every cryptocurrency transaction, which seems a bit higher transaction fees for regular transactions. If a trader uses a bank transfer which is a good cost-effective option but it is accompanied by a long delay. When the transaction is processed, it is more important than the trader should analyze and educate themselves about the several payment options that are available for them. You can buy bitcoin through credit cards on all the above platforms. It can be difficult to select the platform, so you can invest little through different platforms and understand their services and then you can move on with larger funds with the exchange that suits your need and comfortability.


1. Can I use a credit card to buy Bitcoin?

Yes, the trader can use a credit card as one of the way to buy Bitcoin and they need to be very careful when they are providing the credit card information on the website. They should go through the exchange where the fiat currency is exchanged for buying bitcoins.

2. How can I buy Bitcoin instantly?

For buying bitcoins instantly the trader needs to follow the below-given steps –

  • The trader should open an account with well-regulated Bitcoin exchange

  • The next step is the verification process to verify their identity by using a document upload or through video chat

  • They can buy bitcoin instantly by using a credit card or other instant payment methods like PayPal Skrill etc.

3. How do I purchase a Bitcoin?

To buy Bitcoin, the first step would be to download a bitcoin wallet, where the purchased bitcoins can be stored for spending or trading. Some of the traditional payment methods like a credit card, debit card, or bank transfer will permit the trader to buy bitcoin on exchanges, where the trader can send them to their wallet.


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