11 Ways to Buy Bitcoin with a Credit Card

By: Ofir Beigel | Last updated: 11/12/19

These days it’s getting much easier to purchase Bitcoin with a credit card. The problem of chargebacks has been mitigated through anti-fraud companies, and more and more exchanges allow credit cards as a valid payment option. In this post I’ll review the most popular methods for buying Bitcoin with a credit card.

Buying Bitcoins with a Credit Card Summary

The easiest way to buy Bitcoins with a credit card would probably be Coinmama. Here are the steps:

  1. Visit Coinmama.
  2. Choose the amount you want to buy.
  3. Submit your ID for verification.
  4. Enter your Bitcoin address.
  5. Enter your credit card details.
  6. The coins will be sent to your wallet.
Coinmama
Supported countries:
Worldwide
Overall rating:
4.5 Star Rating
eToro
Supported countries:
Worldwide*
Overall rating:
4.5 Star Rating
CEX.io
Supported countries:
Worldwide
Overall rating:
4.5 Star Rating
Bitpanda
Supported countries:
Eurozone
Overall rating:
4.5 Star Rating
Coinbase
Supported countries:
103 Countries
Overall rating:
4.5 Star Rating
Binance
Supported countries:
Worldwide
Overall rating:
4.5 Star Rating
LocalBitcoins
Supported countries:
Worldwide
Overall rating:
4 Star Rating
Bitstamp
Supported countries:
Worldwide
Overall rating:
4 Star Rating
Coinhouse
Supported countries:
Eurozone only
Overall rating:
4 Star Rating
Indacoin
Supported countries:
Worldwide
Overall rating:
3.5 Star Rating
CoinCorner
Supported countries:
>Multiple locations
Overall rating:
3.5 Star Rating
To be reviewed

*eToro users: 75% of retail CFD accounts lose money.

If you want to read in depth about additional exchanges that accept credit cards keep on reading. Here’s what I’ll cover:

  1. Coinmama
  2. eToro
  3. CEX.io
  4. Bitpanda
  5. Coinbase
  6. Binance
  7. LocalBitcoins
  8. Bitstamp
  9. Coinhouse
  10. Indacoin
  11. CoinCorner
  12. Frequently Asked Questions
  13. Conclusion

1. Buy Bitcoin with a Credit Card through Coinmama

Pros: Good support, respectable company, fast service

Cons: Limited states in the United States

Coinmama specializes in Bitcoin purchases through a credit card since 2013. They take a premium fee for their services, and they do not limit you to a maximum amount of bitcoins that you can buy. They provide fast and reliable service. Bitcoins are received instantly after your purchase confirmation, and support is pretty responsive.

Visit Coinmama     Read review    

How to Use Coinmama

1. Get a Bitcoin wallet, as Coinmama doesn’t hold the bitcoins for you.

2. From Coinmama’s homepage, choose how many bitcoins you’d like to buy. Enter the price either in BTC, USD, or EUR. Alternatively, you can choose one of the offered packages.

Coinmama homepage

3. Click Buy BTC, and you will be taken to the sign-up page.

4. After you fill out your initial details, you’ll need to go through an additional verification by submitting a photo ID. Verification is usually pretty quick (it took me 1.5 hours to get verified). You can also buy up to $500 without completing the verification process. With verification, you can buy $5,000/day and up to $30,000/month.

5. Once you’re verified, you can buy bitcoins pretty easily with your credit card through the friendly interface. I suggest you use Visa or Mastercard since it’s the fastest option.

6. Next you’ll need to enter your own Bitcoin address.

Coinmama wallet address7. Finally, enter your payment details and place your order.

Coinmama payment


2. Buy Bitcoin with a credit card through eToro

Pros: Low fees, user friendly

Cons: Can’t withdraw actual coins (price speculation only)

eToro supplies different cryptocurrency services such as a wallet, CFD services and also a regulated exchange. You can speculate on Bitcoin’s price through eToro using your credit card with relatively low fees. This means you can buy and sell Bitcoins for fiat currency only (USD, EUR, etc.). You won’t be withdraw the actual coins.

Visit eToro Read review

75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


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

Pros: Veteran company, high buying limits

Cons: Support can be slow, Higher exchange rates than competition

Established in 2013, CEX.IO is a cryptocurrency exchange trusted by over 2 million users. CEX.io works in the United States, Europe, and some countries in South America. The site supplies a complete trading platform as well as a brokerage service.

Visit Cex.io     Read review

How to Use CEX.io

1. Open a CEX.IO account.

2. Click on Finance and Deposit next to the requested currency.

3. You’ll then have the option to either wire transfer the money or use your credit card to buy bitcoins instantly.

cex deposit

CEX.IO also offers instant withdrawals of USD, EUR, GBP, and RUB to payment cards, meaning you can deposit and withdraw funds in and from your payment cards once they’re linked to your CEX.IO profile.

Withdrawal requests are processed automatically right after their placement, and they do not require you to log in to any third-party services. In most cases, withdrawals are processed instantly, enabling you to gain convenient access to the funds on your Visa or Mastercard right away.


4. Buy Bitcoin with a credit card through Bitpanda

Pros: Multiple payment options, relatively low fees

Cons: EU citizens only

Bitpanda is an Austrian startup company that was founded in October 2014. The company allows you to buy bitcoins and a variety of other cryptocurrencies with a credit card as well as with wire transfers, Neteller, Skrill, SEPA, and more. The company supplies its services to European countries only at a relatively low fee.

Visit Bitpanda     Read review

How to Use Bitpanda


5. Buy Bitcoin with a credit card through Coinbase

Pros: User-friendly interface, relatively low fees, established reputation

Cons: Not available worldwide, horrible support

Coinbase is the largest Bitcoin broker worldwide. It has over 20 million customers around the world. Coinbase charges a 3.99% convenience fee on all credit card transactions and is open to 103 countries around the world. When buying more than $100 worth of bitcoins, you will receive an additional $10 bitcoin bonus.

Visit Coinbase     Read review    

How to Use Coinbase

1. Create a Coinbase account.

2. Go to Settings, then Payment Methods, and then click Add Payment Method.

coinbase credit card

3. Click Credit/Debit Card.

Coinbase credit / debit option4. Enter your card’s information.

5. Once the card is confirmed, you can go to Buy/Sell and buy your bitcoins.

6. The bitcoins will be sent to your Coinbase wallet.

Credit card purchases of Bitcoin are charged an additional 3.99% processing fee. In order to connect your card, you’ll need to verify your identity by uploading a government-issued ID.


6. Buy Bitcoin with a credit card through Binance

Pros: Good reputation, available worldwide

Cons: Slow verification process, slow support

Binance is a crypto only exchange. However, you can buy Bitcoins with a credit card on Binance thanks to a partnership they have with Simplex. Even though it is considered a relatively young exchange, Binance has surpassed most veteran exchanges in its popularity and trading volumes.

Visit Binance     Read review    

7. Buy Bitcoin with a credit card through LocalBitcoins

Pros: Wide variety of sellers, easy-to-use interface

Cons: Sellers will usually take higher fees for credit card purchases, possibility of scam

LocalBitcoins is a peer-to-peer marketplace for buying and selling bitcoins. You can think of it as eBay for Bitcoin. The site offers a wide variety of sellers that accept various payment methods, including credit cards. The main issue when using LocalBitcoins is that you have to filter sellers wisely so that you won’t get scammed. One thing to keep in mind is that if you’re new to LocalBitcoins, not a lot of sellers will want to do business with you since they’re likely afraid of scammers as well.

Visit LocalBitcoins     Read review    

How to Use LocalBitcoins

1. Sign up to LocalBitcoins.

2. Search for a seller who accepts credit cards (unfortunately, there’s no “worldwide” search, so you’ll need to sift through different countries to find all sellers).

localbitcoins search

3. Verify that the seller has enough of a reputation, and read the terms of the trade.

4. Enter the amount you’d like to buy, and click Send trade request.

localbitcoins guide

5. Follow any additional requests as required by the seller.


8. Buy Bitcoins with a credit card through Bitstamp

Pros: Great reputation, multiple payment options, accepts customers worldwide

Cons: Average fees, verification process can take a long time, not very user friendly

Established in 2011, Bitstamp is one of the oldest and most reputable Bitcoin exchanges out there. The exchange is fully licensed by the Luxembourg ministry of finance. Bistamp accepts credit card purchases via Simplex. At the moment, this service is open to most European and US citizens.

Visit Bitstamp     Read review

How to Use Bitstamp

1. Click on Deposit.

2. Choose Credit Card as your payment option.

bitstamp buy bitcoin

3. Deposit the required amount.

4. After the deposit is cleared, click on Buy/Sell.

5. Choose Buy BTC.

6. Enter the amount you want to buy and click on Buy BTC.

To finish your order, you’ll need to use a 3D Secure credit card. Also, some banks may consider your credit card deposit as a cash advance. If that’s the case, your bank or credit card provider may charge extra fees.


9. Buy Bitcoin with a credit card through Coinhouse

Pros: Reputable company, high buying limits

Cons: Limited countries available, high exchange rates

Coinhouse is the “House of Bitcoin” in Paris. You can buy bitcoins by Visa, MasterCard, with cash, or with a Neosurf prepaid card, which is available in most European countries.

Visit Coinhouse . Read review

10. Buy Bitcoin with a credit card through IndaCoin

Pros: Good support, available worldwide

Cons: High fees

Indacoin is a UK-based exchange that allows users worldwide to buy bitcoins 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.

In order to use your credit card, you’ll need to verify your phone number and your five-digit code which is on your credit card statement. The process is fairly simple, but I haven’t tried the exchange out myself, so I can’t vouch for it.

Even though the site states that it doesn’t charge any fees, its exchange rate is pretty high due to credit card processing.

Visit Indacoin     Review coming soon

11. Buy Bitcoin with a credit card through CoinCorner

Pros: Easy to use for beginners, supporting mobile app

Cons: High administration fees on deposits, not available worldwide

CoinCorner is a Bitcoin broker established in 2014, located in the Isle of Man. The exchange services several countries around the world. CoinCorner also has a supporting mobile app that allows you to send and receive bitcoins from your account using your mobile phone.

Visit CoinCorner     Review coming soon 

12. Frequently Asked Questions

Does a Bitcoin ATM accept Credit Cards?

Bitcoin ATMs accept only cash as payment for Bitcoin (due to chargeback issues). You will not be able to pay with your credit card at a Bitcoin ATM.

How can I buy Bitcoins with Visa?

All of the exchanges listed on this page accept Visa cards as a form of payment.

How can I buy Bitcoins with Discover Card?

Most exchanges accept Visa and Mastercard credit cards. However, some online reviews claim that exchanges like CEX.io accept Discover card as well.


13. Conclusion: How do I know which exchange to use?

It can be kind of hard to decide which exchange is the best platform for buying your bitcoins since there are so many of them. I suggest trying out each exchange with a small amount of money and moving on to larger funds only after you’re comfortable with the process.

Once you take the first step you’ll start to notice what you actually value in an exchange and adjust your choices accordingly. If you have any more questions or comments about the methods I just described, leave me a comment below.

Bitcoin Video Crash Course 

Dummy-proof explainer videos enjoyed by over 100,000 students. One email a day for 7 days, short and educational, guaranteed.

We hate spam as much as you do. You can unsubscribe with one click.

135
Leave a Reply

avatar
66 Comment threads
69 Thread replies
33 Followers
 
Most reacted comment
Hottest comment thread
82 Comment authors
Steven HaycantusecardsJiyeonwinall91Davide Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
cantusecards
Guest
cantusecards

Cant use visa or mastercard on any of the above… So this article is a joke…

Jiyeon
Guest
Jiyeon

Lumi Wallet just added Simplex, the process is much more simple and you can do it straight in-wallet

winall91
Guest
winall91

Can I use STP to put money in the PIF system ?????

Davide
Guest
Davide

great for buy and sell cryptocurrency with card fast safely and with low commisions.

Remm
Guest
Remm

I used Changenow for this. They really do not require registration, so it is much easier.

Carrie
Guest
Carrie

I use changenow.io, where I buy bitcoin and other cryptocurrencies using my credit card. I do this without registration and limits, buying coins for any amount. This is one of the easiest ways to buy cryptocurrency.

Lana
Guest
Lana

I can recommend IncoreX exchange. At this exchange there is an opportunity to replenish deposits and withdraw funds through payment bank cards, with minimal fees.

Trelo
Guest
Trelo

I can recommend for you linkkoin.com, low fees, fast verification and payment with credit card.

Badir
Guest
Badir

I use easybtc1.ca but you need to buy a prepaid visa or a flexepin voucher. I prefer the prepaid visa because almost every store has them and usually when I ask for flexepin the clerk just stands there with a dumb look on his face lol

ALT
Guest
ALT

For multiple payment option I use the Eewallet ***Link Removed*** Amazing online payment platform, you should try this.