Are you looking to buy crypto with credit card? With the growing popularity of cryptocurrency, there are now more options than ever when it comes to buying digital currency. But as you might expect, purchasing cryptocurrencies also comes with its own set of unique challenges and considerations.
In this guide, we’ll walk you through everything you need to know how to buy crypto with credit card. From the different types of exchanges available to the various factors you should consider when making your purchase, we’ll cover it all.
How to Buy Crypto with Credit Card
For those seeking the quickest and most user-friendly way to buy Bitcoin, a credit card is your best bet. To take advantage of this payment method though, you must first create an account with a reputable cryptocurrency exchange that not only allows for credit card deposits but offers low transaction fees as well.
When it comes to buying from a cryptocurrency exchange with less risk and more accessible, is with credit cards. The top-of-the-line exchanges at the moment are Binance, Coinbase, eToro, Kraken, and Crypto.com.
Need to get your hands on some Bitcoin with a credit card? eToro is the overall best option, giving you the ease of access along with security. Crypto.com’s user-friendly app makes it great for buying crypto quickly, while Binance offers buyers over 80+ different cryptocurrencies! Coinbase is perfect for beginners looking to buy Bitcoin using their cards safely and securely. Finally, Kraken comes highly rated as this secure exchange allows users to purchase easily via credit cards.
If you’re looking for a simpler way to buy crypto with credit card, you may also want to consider alternative payment methods like e-Wallets. These services, such as Switcheo and Luno, allow users to buy cryptocurrencies directly from their digital wallet instead of having to go through an exchange first.
While this method is generally more convenient than using a traditional exchange, it does come with some drawbacks as well that you might want to consider – higher transaction fees and the risk of losing your crypto when your wallet provider goes out of business.
How to Buy Crypto with Credit Card – eToro
Looking for a fast guide to purchasing Crypto? Here is a quick way to use eToro:
Step 1: Open an eToro Account
To get started on eToro, simply hop onto the website, and create and confirm an account with your personal details including username and password. To finalize the process of verification, upload a copy of your passport or state ID.
Step 2: Deposit Funds
eToro provides a wide variety of reliable credit card options for your convenience. Deposit as little as $10 into your account depending on your confidence and trust – eToro never charges fees on USD deposits. All you need to do is select the appropriate payment option, enter the desired deposit amount, and provide secure credit card information.
Step 3: Buy Bitcoin
If you want to trade Bitcoin with US dollars in your eToro account, simply search Bitcoin and click ‘Trade’ when the results appear! It’s that easy. After entering your desired investment amount, click ‘Open Trade’ to instantly purchase Bitcoin with a credit card.
In the next section, let us compare the advantages, and disadvantages of each crypto exchange to filter out your taste.
Best Exchanges to Buy Crypto with Credit Card
With many crypto exchanges now allowing for instant Bitcoin purchases via a credit card, the end-to-end investing process can take as little as five minutes or less. Of course, it is still important to research what fees will be charged on these transactions and consider any minimum investment requirements. It’s also critical to consider user-friendliness and safety when selecting an exchange for this purpose.
When it comes to finding the best crypto exchanges for buying cryptocurrencies with credit cards, there are several factors to consider. These include transaction fees, buy/sell limits, availability of various cryptocurrencies and payment methods, customer support responsiveness, and reviews from other users. Below is a recap of some of the top options:
Beginning in 2021, the Coinbase crypto exchange has been providing customers with a more convenient way to purchase Bitcoin and other digital assets. With a debit card or bank account connected to PayPal, U.S.-based users can now conveniently access the world of cryptocurrency without having to add extra information about their banking details on Coinbase’s platform. What’s even better is that you can also pay directly from your PayPal balance, even your credit card.
Coinbase is a legitimate trading broker that not only allows users to deposit crypto, but also gives them access to products like staking, enabling clients to generate yields on their institutional crypto holdings.
With state-of-the-art advanced machine learning protection, Coinbase is a highly reliable platform that makes it easy for anyone to buy and sell Bitcoin. Not only does it offer low fees for all transactions, but also offers top-notch customer support. Whether you’re new to trading or experienced with cryptocurrency exchanges, Coinbase is a great choice that can help you buy and sell Bitcoin safely and securely.
Crypto.com is a renowned crypto exchange that provides users with an extended selection of digital currencies, as well as blockchain-related products and services.
Not only will you find low trading fees when buying, selling, or exchanging multiple cryptocurrencies at Crypto.com but also, you can take advantage of their cryptocurrency credit cards, decentralized exchange, independent crypto wallet, and NFT marketplace; plus the opportunity to stake your coins for up to 14.5% interest!
Crypto.com offers its customers without any CRO staking a 0.4% trading fee for monthly transactions up to $25,000 – which is lower than the fees of some large competitors but not quite the least expensive option out there.
If you’re a high-volume trader, fees as low as 0.04% can be yours as a maker or taker without staking CRO! It gets even better – by holding at least 5,000 of the currency in your wallet, you’ll get discounts on trading fees up to $25,000 per month. Rates decrease even further when more is held at stake.
Crypto.com works hard to keep your account secure and private by utilizing Crypto.com 2FA app and withdrawals with address whitelisting technologies.
However, it’s equally essential that you also employ a robust password combined with good online security practices as an additional layer of protection for your account information. Additionally, bear in mind that cryptocurrency transactions are irreversible – so if ever breached, there is little chance of retrieving lost crypto assets or funds.
Boasting more daily trading volume than any other cryptocurrency exchange platform, Binance plays host to a whopping 1,000 markets. However, if you’re from the US, be sure to use their American counterpart as it features only 80 available digital assets.
Despite the massive popularity of this exchange, you can now buy Bitcoin with your credit card. In order to do so, you will need to sign up for an account and go through a swift KYC process. Be aware that Binance charges 4.5% when using a credit card plus an additional 0.5% instant buy fee – but it is worth noting that these fees are still competitive in comparison with other exchanges available on the market today.
With this platform, you will pay a total of 5% to purchase Bitcoin with your credit card – equating to a fee of $5 for each $100 deposited. In contrast, Binance has no fees for deposits via ACH and domestic bank wires – albeit its credit card costs remain high. Nonetheless, it does offer extremely low commissions.
After purchasing Bitcoin with a credit card on Binance, you may wish to transfer the tokens into Trust Wallet. Backed by Binance, this wallet not only enables you to store Bitcoin but also thousands of different digital assets. On the other hand, if you would prefer your coins remain secure right where they are – in the safe hands of Binance’s web wallet.
Opting for this storage option assures that your funds remain safe and secure with Binance authentication and other security measures such as IP whitelisting and device whitelisting. Binance further claims the majority of client tokens are held offline in cold storage, yet it is important to remember that no financial authorities regulate it – a factor that you should thoroughly consider before signing up.
Comparison Table of Top3 Exchanges
|Binance||The largest and most stable centralized exchange with added security and a smooth peer-to-peer feature.||0.1% transaction fee when you buy or sell crypto.|
|Crypto.com||Offers a variety of cryptocurrencies available and a platform designed to cater to customers in the United States.||Trading fees now start from 0.075% and 0.034% for the Spot and Derivatives markets.|
|Coinbase||Secured exchange for high-volume purchases and products typically utilized by organizations or businesses.||3.99% to buy; 2.5% to deposit USD.|
Methods to Buy Crypto with Credit Card
The advantages of buying Crypto using a Credit Card are endless, some of which include: the convenience of investing without cash on hand, beginner-friendly, prestigious rewards, and many more. Here are 3 methods on ‘how to buy crypto using a credit card in different exchanges.’
How to Buy Crypto Using Binance:
Credit cards offer convenience and speed when purchasing crypto with fiat currency, however, they come with some risks. Consumers must be aware of the potential drawbacks that come along with using this method to purchase cryptocurrency.
If you’re someone who values ease and speed, traditional methods of crypto purchase such as bank transfers or wallets can be quite slow. That’s why choosing a credit card is your best choice. At Binance, purchasing cryptocurrency with everyday fees through VISA or Mastercard has never been easier.
Step 1: To purchase cryptocurrency with your credit/debit card, log in to your Binance account and select [Buy Crypto], then [Credit/Debit Card]. Select the currency of your choice and type in how much you wish to purchase. Instantly, our system will showcase the exact amount of cryptocurrency that can be bought with it.
Step 2: To make a payment, select the [Add new card] option and enter your valid credit card details that are associated with you. Please be aware of this requirement before making any payments. To complete your purchase, kindly enter in your billing address and select “Add Card.” Pause to take a moment and review your payment details one last time before confirming the order.
Step 6: Once you click “Verify,” your bank’s OTP Transaction Page will appear. After that, simply follow the easy-to-understand steps on the web page to confirm payment.
How to Buy Crypto Using Bitget (Fast and Easy!):
Step 1: Sign up via the Bitget Register Page, and Verify Your Account.
Step 2: Log in to your Bitget account and click [Buy crypto] – [Third-party Payment] from the top navigation bar. then select your preferred payment currency (USD, EUR, GBP, Etc.) Select the Payment option “Credit Card or VISA”, then fill in the required information to proceed with the transaction.
Step 3: Read the Order Details carefully then proceed and wait for the estimated arrival time. Complete 3D security authorization and input the security code sent from your bank and Payment provider.
How to Buy Crypto Using Coinbase:
Step 1: After signing in to your account, navigate to the Payment Methods page for continued use. Select Add a Credit/Debit Card at the top of the page.
Step 2: Please enter your card details below. Note that the billing address must match the one registered to this payment method. If needed, add a billing address for the card.
Step 3: Now you should be able to locate a window that states ‘Credit Card Added’ along with the choice to ‘Buy Digital Currency. Get your hands on digital currency anytime you like with the Buy/Sell Digital Currency page with the use of a Credit Card.
To Proceed Using the 3DS Process:
If your credit or debit card is 3D Secure enabled, then you are able to purchase cryptocurrency without pre-funding an account. This means that the buying process can be quick and easy – a bank transfer that normally takes days isn’t even necessary. Crypto enthusiasts can now invest in digital currency instantly with just their cards at hand.
To know if your payment card is compatible with 3D Secure, you can call up the provider or attempt to add it to Coinbase. Should the card not be supported, you will receive an error message right away. On occasion, a few banks may require additional safety steps for authorization when using 3D Secure; these could encompass text messages sent by them, security questions, and more.
The following steps will get you started:
- Step 1: Go to the Buy/Sell Digital Currency page, and pick your desired amount
- Step 2: Choose the card payment option from the drop-down menu. Ensure that your order is accurate and click “Complete Buy” to finish the purchase.
- Step 3: Depending on your bank, you will be redirected to their respective website for the next steps of the process.
Why should I Buy Crypto with Credit Card?
It all boils down to the crypto exchange and your credit card issuer when it comes to purchasing cryptocurrency with a credit card- it may be an option, but nothing is set in stone.
If you’re looking to buy cryptocurrency with credit card, some exchanges such as Coinmama, CEX.io, and Paxful accept credit card payments – but be aware that the terms and fees vary widely among them.
For instance, with Coinmama there’s an additional 5% fee on top of your transaction cost when using a credit card; at Binance they charge 2%, plus any extra charges from your credit provider. Not all crypto exchanges do allow for this payment option though – Coinbase and Gemini (which NextAdvisor ranks highly) are two examples of those who don’t offer it directly.
That being said, there are some advantages to using a credit card to buy cryptocurrency. For one, it’s a quick and convenient payment method that allows you to buy the crypto you want without having to go through the hassle of linking your bank account or navigating complicated wire transfers.
Additionally, if your credit provider has security measures in place (such as 3D Secure), such as MasterCard SecureCode or Verified by Visa, you can add an extra layer of security for peace of mind when purchasing cryptocurrencies with your card.
Ultimately, whether it levels up to buy crypto with credit card will depend on a number of factors – what kind of exchange you’re using, what fees they charge, how secure your payment method is, and so on, these are the factors we need to check on before using a Credit card.
Advantages of Buy Crypto with Credit Card
However, if you wish to buy Crypto with credit card as your preferred payment method, here are the advantages:
- The key advantage of purchasing crypto with a credit card is convenience. Trying to remember bank credentials such as account and routing numbers for ACH transfers can be tedious – which makes having your credit card readily available in your wallet much simpler than authorizing a bank transfer.
- Security could be another reason to consider using a card over a bank transfer. Anytime your information is compromised you can easily have your card reissued with a new number, which is much easier and less time-consuming than trying to update your bank account information. While rewards may be a potential benefit, unfortunately not many credit card providers allow you to gain points or cash back on cash advances. Moreover, the numerous transaction fees associated with funding crypto through a credit card will quickly eliminate any possible advantage you could acquire.
Simply put, the fastest and simplest way possible is to buy crypto with credit card. If you’re not terribly tech-savvy, no worries! Shopping online is common nowadays and the process to buy crypto with credit card is just like shopping any other way. You can instantly buy crypto with credit card without any cash on hand.
Where can I Buy Crypto with Credit Card?
There are many different platforms and exchanges where you can buy crypto with credit card. Popular options include Coinbase, Binance, Kraken, Bitfinex, and many others. Here are some to name a few of their unique features:
- Coinmama: With Coinmama, you can purchase Bitcoin using your credit card – but be aware that they charge a 5% fee for every transaction.
- CEX.io: On CEX.io, you have the option to purchase crypto using Visa or Mastercard credit cards. With a minimum $20 deposit, there are also fees attached that vary from both card networks: for example, Visa entails up to 3% service charge and an additional $1.20 plus a commission of $3.80 whereas Mastercard holds a 1.8% maximum fee with accompanying charges including$1.20 and %1.2+$3
- Paxful: With Paxful, you can effortlessly use your major credit cards to purchase cryptocurrency with a simple 1% fee when selling.
- CoinSmart: CoinSmart allows you to purchase crypto with your credit card, yet comes at a processing fee of up to 6%.
- Kraken: Kraken allows you to purchase crypto quickly and easily with a credit card. With this convenient method, there is an expense of 3.75% plus 25 cents for each transaction as well as another processing fee that could reach up to 1.5%.
Can I Buy Crypto with Credit Card
Yes, you can buy crypto with credit card. Some of the most popular cryptocurrency exchanges allow you to make purchases with credit cards when you set up your payment method in your account. However, it's important to be aware that you may incur additional fees and transaction costs when using a credit card, so do your research before making any final decisions.
How can I Buy Crypto with Credit Card Quickly and Easily?
There are many different ways to buy crypto with credit card, including through online exchanges or brokerages, peer-to-peer marketplaces, and more. The key is to choose an exchange that offers fast transactions and convenient payment methods, such as cryptocurrencies that can be purchased directly from your wallet using a bank transfer or other option. With the right tools and resources at your disposal, a way to buy crypto with credit card can be quick, seamless, and stress-free!
How Secure is it to Buy Crypto with Credit Card?
While using a credit card to buy crypto can be an easy and convenient way to get started in the world of digital currencies, it's important to note that there can be certain risks associated with this payment method. Many crypto exchanges require your personal details or banking information when setting up your account, so it's important to keep these details safe and secure at all times.
What are some factors I should consider to buy crypto with credit card?
There are several factors that you should take into account when deciding whether or not to buy crypto with a credit card. These include the type of exchange you're using, transaction fees and associated costs, the security of your payment method, and more. It's important to do your research and carefully weigh these factors before making any final decisions about how to buy crypto.
How can I Buy Crypto with a Credit Card?
According to Coinbase, these are the steps that will go you through buying crypto using a credit card:
1. When logged into your account, go to the Payment methods page. And select Add a Credit/Debit Card at the top of the page.
2. Enter your card information (The address must match the billing address for the card.) If needed, add a billing address for the card.
3. You should now see a window that says Credit Card Added and a Buy Digital Currency option. You can now buy digital currency using the Buy/Sell Digital Currency page anytime.
Is it Safe to Buy Crypto with a Credit Card?
There is no definitive answer to this question, as the safety of buying crypto with a credit card will depend on several factors. Some key considerations include the security of your payment method, the reputation and reliability of the exchange or platform you're using, what kind of verification requirements may be in place, and more. Ultimately, it is important to do your research and take steps to protect yourself against potential risks or scams when buying crypto with a credit card.