12 Ways to Buy Bitcoin with a Credit Card
By: Ofir Beigel | Last updated: 2/26/24
Buying Bitcoin with a credit card is now easier than it’s ever been. These days, a majority of major crypto exchanges and wallets provide the option to purchase Bitcoin with a credit card, either directly or through a third-party payment provider.
In this post, I’ll review the most popular methods for buying Bitcoin with a credit card.
Buying Bitcoin with a Credit Card Summary
The easiest way to buy Bitcoin with a credit card would probably be CEX.IO. Here are the steps:
- Visit CEX.IO and create an account
- Choose the amount you want to buy
- You may be asked to complete KYC
- Enter your Bitcoin address
- Enter your credit card details
- The coins will be sent to your wallet
If you want to read in-depth about additional exchanges that accept credit cards, keep on reading. Here’s what I’ll cover:
- Frequently Asked Questions
Pros: Veteran company, high buying limits
Cons: Support can be slow, higher exchange rates than the competition
Established in 2013, CEX.IO is a cryptocurrency exchange trusted by over 4 million users. CEX.IO works in most countries across the world, with very few exceptions. Currently, 34 states in the US are also supported. 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,” then “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 Bitcoin instantly.
CEX.IO also offers instant withdrawals of USD, EUR, and GBP 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.
Pros: Good support, respectable company, fast service
Cons: Limited states in the United States
Coinmama has specialized in Bitcoin purchases through a credit card since 2013. They charge a premium fee for their services, and you can buy up to $20,000 worth of Bitcoin per day with a fully verified Coinmama account. They provide a fast and reliable service with receiving Bitcoin instantly after your purchase confirmation. Coinmama support is typically pretty responsive.
For regulatory compliance, some countries and US states are served by a third party, while a handful are not supported at all.Visit Coinmama Read review
How to Use Coinmama
1. Get a Bitcoin wallet, as Coinmama doesn’t hold the Bitcoin for you after your purchase.
2. From Coinmama’s homepage, choose how much Bitcoin you’d like to buy. Enter the price either in BTC, USD, EUR, GBP, CAD, or AUD.
3. Click “Buy,” and you will be taken to the sign-up page.
4. After signing up, confirm the amount you’d like to purchase and click “Continue.”
5. You’ll be prompted to fill in your receiving wallet’s details. Then click “Continue.”
6. You’ll be asked to fill in your credit card information before completing the purchase.
Pros: Available worldwide, good reputation
Cons: Service availability varies by country
Kraken is a veteran US-based cryptocurrency exchange known for its focus on security and its recent expansion across Europe. The exchange offers an advanced trading platform (Kraken Pro) with features like staking, spot trading, margin and futures trading, and OTC options.
Users can purchase Bitcoin and other cryptocurrencies with a credit card through Kraken’s website or mobile app. There is a minimum purchase of €10.00/£8.00 and a seven-day rolling purchase limit of €5,000/£4,000.
Credit card purchases are not available to US residents.Visit Kraken Read review
How to Use Kraken
- Visit Kraken and sign up for a free account
- Provide your email address and country of residence
- Click “Buy crypto” in the top right corner
- In the pop-up window, click “Add payment method”
- Then click “Add a payment card”
- Once your card is verified, you’ll be able to select it from the Pay with options.
Pros: Multiple payment options, relatively low fees
Cons: Not available worldwide
Bitpanda is an Austrian startup company that was founded in October 2014. The company allows you to buy Bitcoin and a variety of other assets, including altcoins, stocks, commodities, ETFs, and metals, with a credit card. Additional payment options include wire transfers, Neteller, Skrill, SEPA, and more. Bitpanda supplies its services to Europe and only a handful of other countries at a relatively low fee.
You can deposit nine major fiat currencies at Bitpanda: the Euro, US dollar, Swiss franc, British pound, Swedish krona, Hungarian forint, Czech koruna, Polish zloty, and Danish krone.
There are no fees for depositing Swedish krona (SEK) via Visa or Mastercard.
The minimum deposit and withdrawal amount is 10 EUR.Visit Bitpanda Read review
How to Use Bitpanda
1. Visit Bitpanda and sign up
2. Verify your identity
3. Choose a cryptocurrency (e.g., Bitcoin) and click “Buy”
4. Choose the “Visa/Mastercard” payment method
5. Enter the amount you wish to buy
6. Click “Next step”
7. Confirm your order
Pros: User-friendly interface, relatively low fees, established reputation
Cons: Not available worldwide, inferior support
Note: Credit card purchases through Coinbase are not available to US users.
Coinbase is the largest and most popular cryptocurrency exchange in the US. Coinbase no longer discloses a standard credit card transaction fee; however, you can double-check the fee being charged before completing a purchase. The exchange is open to 100+ countries around the world.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.”
3. Click “Credit/Debit Card.”
4. Enter your card’s information.
5. Once the card is confirmed, you can go to Buy/Sell and buy your Bitcoin.
6. The Bitcoin will be sent to your Coinbase wallet.
In order to connect your card, you’ll need to verify your identity by uploading a government-issued ID.
Pros: Good reputation, available worldwide
Cons: Slow verification process, slow support
Binance has grown to become the biggest crypto exchange in terms of popularity and trading volume. Previously a crypto-only exchange, Binance now accepts credit card purchases of crypto, both through themselves and third parties (such as the popular payments processor Simplex).Visit Binance Read review
Pros: Wide variety of sellers, easy-to-use interface
Cons: Higher fees for credit card purchases, limited coin options
LocalCoinSwap is a peer-to-peer crypto exchange that shares its profits with the community via its native LCS token. Although not as popular as some of its more established competitors like Paxful, LocalCoinSwap does not enforce user verification and supports a wide range of payment methods, including credit cards.Visit LocalCoinSwap Read review
How to Use LocalCoinSwap
1. Register at LocalCoinSwap
2. Under “Payment Method,” search for a seller who accepts credit cards.
3. View the options, choose a seller, and verify their reputation and feedback.
4. Be sure to read the “Trade terms and conditions.”
5. Enter the amount you’d like to buy and click “Buy Bitcoin.”
6. Make sure you read the on-screen warnings about protecting yourself.
7. You will be redirected to the trade status area, where you can communicate with the seller and complete the transaction.
Pros: Great reputation, multiple payment options, accepts customers from most countries
Cons: Average fees, the 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 currently holds 51 licenses and registrations globally. Bitstamp fees for credit card purchases are 4% plus a standard trading fee. Its service is open to over 80 countries globally, including Europe and the USA (most states), plus a selection of Asian and South American countries.Visit Bitstamp Read review
How to Use Bitstamp
1. Visit Bitstamp and click “Get started” to create an account.
2. Go to the deposit page and choose card purchase from the side menu
3. Choose which cryptocurrency you want to buy
4. Select a currency to pay with
5. Choose how much currency you would like to purchase
6. Enter your card details
7. Confirm your purchase
To finish your order, you’ll need to use a 3D Secure credit card. Also, some banks may consider your credit card purchase as a cash advance. If that’s the case, your bank or credit card provider may charge extra fees.
Pros: Reputable company, high buying limits
Cons: Limited countries available, high exchange rates
Coinhouse began as La Maison Du Bitcoin (The House of Bitcoin) in 2014 and is headquartered in Paris. You can buy as little as €50 worth of Bitcoin by Visa or Mastercard. Although the credit card fees are low, the exchange rates themselves may be high.Visit Coinhouse Read review
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. You can buy Bitcoin with as little as £10. CoinCorner also has a mobile app that allows you to send and receive Bitcoin from your account using your mobile phone.Visit CoinCorner Review coming soon
Pros: Very quick turnaround for purchases, 24/7 support
Cons: Limited cryptocurrency selection
Xcoins is a Malta-based cryptocurrency exchange platform that has been around since 2016.
Users of the service can purchase BTC as well as LTC, ETH, XRP, BCH, and DOGE using any one of several fiat currencies via Visa or Mastercard.
Xcoins takes the speed of its service very seriously; The exchange actually promises to send your coins within 15 minutes of payment approval. This makes Xcoins a good choice if you want to get your hands on some bitcoin quickly.
The minimum purchase amount is 50 USD for ETH and BTC, 40 USD for XRP, and 30 USD for DOGE, LTC, and BCH. Users can buy up to 150 USD in crypto without verification.Visit Xcoins Review coming soon
Pros: Doesn’t require KYC or registration; no limits
Cons: No iOS app; no advanced features
StealthEX is a cryptocurrency platform that offers asset swaps and direct purchases via debit and credit cards. The platform stands out among others like it for its anonymous approach. Unlike many exchanges and brokers, StealthEX doesn’t require users to register or sign up and has no KYC requirements.
There are over 1,400 coins available for swapping, and StealthEX accepts Visa, Mastercard, Google Pay, and Apple Pay for direct crypto purchases.
Furthermore, StealthEX is also a custody-free exchange – they don’t store user funds on the platform. When arranging a crypto swap, StealthEX identifies the best deal and performs the transaction between wallets for you. There are no extra or hidden fees, but users must cover the network transaction fee for each swap.
How to Use StealthEX
1. Visit StealthEX and click the “Buy” tab on the homepage
2. Select your fiat currency and choose “BTC” from the dropdown menu
3. Enter your chosen fiat/BTC amounts
4. Click “Start Exchange”
5. Choose the provider offer that suits you best
6. Enter the recipient’s BTC wallet address, click “Next”
7. Complete the transaction
It’s important to note that payment providers Mercuryo and Simplex will require KYC if the amount exceeds an equivalent of $700 per user.
The vast majority of Bitcoin ATMs accept only cash or debit cards as payment for Bitcoin (due to chargeback issues). You will not be able to pay with your credit card at a Bitcoin ATM.
All of the exchanges listed on this page accept Visa cards as a form of payment.
Most exchanges accept Visa and Mastercard. However, some exchanges like Paxful accept Discover Cards as well.
It can be kind of hard to decide which exchange is the best for buying your Bitcoin 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.