How To Buy Bitcoin With A Credit Card – 6 Instant & Safe Ways (2021)

Using a credit or debit card to buy Bitcoin is a simple, safe and fast method for people that don't have the option of a bank transfer due to local regulations, or, just want to buy Bitcoins instantly with a bank card. A few of the most trustworthy, safe and reputable trading exchanges to obtain Bitcoin instantly using a bank card are:

In this guide, we will provide an overview of each exchange that accepts Mastercard and VISA bank cards to buy Bitcoin with its advantages and disadvantages.

How To Buy Bitcoin With A Credit Card

To buy Bitcoin with a credit card or debit card, follow these steps:

  1. Register an account with a Bitcoin exchange such as Coinbase
  2. Complete the signup registration process and verification process  
  3. Select Bitcoin (BTC) from the cryptocurrency list 
  4. Enter the amount of Bitcoin to buy
  5. Choose credit card or debit card as the payment method  
  6. Enter in transaction details and complete Bitcoin purchase

Remember, when purchasing Bitcoin, it is highly recommended to use a hardware wallet such as the Ledger Nano X to transfer it off the exchange. Read our guide on the best Bitcoin hardware wallets for more information.

Using A Credit Card To Buy Bitcoin

Finding a banking institution that accepts credit card transactions to acquire Bitcoin can be tricky. Not all banks allow it depending on the country. There are a few select third party providers such as Simplex that integrate with cryptocurrency exchanges to accept credit card payments. The advantages of using a credit card to buy Bitcoins include:

  • Fast and instant
  • Safe and secure
  • Convenient
  • Supported worldwide

There are also downsides with using credit cards to obtain cryptocurrencies. The biggest drawback is the service surcharge, which can range from 0% to up to 5% per transaction. This cost is in addition to the exchange trading fee, making it one of the more expensive payment methods.

Using A Debit Card To Buy Bitcoin

Similar to credit cards, using a debit card for Bitcoin transactions carries the same benefits. It is fast, reliable and convenient for investors all around the world with access to basic banking. This method usually carries lower fees than a credit card purchase.

The only disadvantage with this method is that not all banks will support using a debit card to acquire Bitcoin from an exchange. Several countries have regulations that prohibit the use of a debit card for investment or trading activities.

Best Credit/Debit Card Bitcoin Exchanges

The following cryptocurrency exchanges are available worldwide and supported multiple fiat currencies using a credit card or debit card. For more information, read the overview on each exchange below or click the Exchange Review link for a detailed assessment. 

Exchange

Trading Fee

Card Fee

Rating

Our Review

Website

binance

Binance

0.1%

2.5%

4.8/5

coinbase

Coinbase

0.5%

3.99%

4.7/5

etoro

eToro

Spread only

0% (USD only)

4.6/5

crypto.com

Crypto.com

0.5% - 1.5%

3.5%

4.1/5

cex.io

CEX.IO

0.5% - 1.5%

2.99%

4.1/5

changelly

Changelly

0.5% - 1.5%

4%

4.1/5

Exchanges To Buy Bitcoin With Credit Card

Here is our summary of the top Bitcoin & cryptocurrency websites that offer credit card/debit card purchases. For in-depth coverage and the pros and cons of each exchange, click on the exchange review links below.

Binance

Binance is the largest digital currency exchange service in the world that provides a platform for trading more than 200 different cryptocurrencies. The platform has seen a meteoric rise since being founded in 2017. Binance is the biggest cryptocurrency exchange trading at 1.2 Billion daily volume and 1.4 Million transactions per second. 

Binance accepts VISA card Bitcoin transactions using local fiat currencies such as the USD, GBP and the Euro. The exchange regularly offers promotions for zero-fees to buy crypto with a credit card.

binance

Features:

  • Leading Bitcoin exchange in the world
  • Over 100 cryptocurrency assets
  • Multiple trading pairs against fiat, altcoins and stablecoins
  • Competitive trading fees between 0% and 0.1%
  • Future, margin and options crypto trading available
  • Earn interest on Bitcoin funds with a Binance savings account

Ease of use

Reputation

Deposit methods

Fees

Coinbase

Coinbase is widely known as a safe and reputable Bitcoin exchange that is trusted by thousands of customers worldwide. The exchange is popular for buying and selling cryptocurrency, managing a portfolio, recurring buys, mobile app to monitor the market, earning crypto for learning and a secure wallet to store assets purchased on the platform.

Coinbase is one of the best exchanges to buy Bitcoin with a credit card as it supports multiple fiat currencies to an account. The platform provides access for individuals to enter the cryptocurrency market using their local currency via credit/debit cards and also bank transfers, SEPA payments and a wire transfer.

coinbase

Features:

  • Designed for beginners with a simple to use platform
  • Insurance protection and secure wallet
  • Buy, trade and sell Bitcoin and other popular coins
  • Buy crypto with a debit card or bank transfer
  • Supports staking of cryptocurrencies
  • Allows users to earn free crypto rewards with Coinbase Earn

Ease of use

Reputation

Deposit methods

Fees

eToro

eToro is suited for beginners that want to invest in Bitcoin using a powerful and user-friendly trading platform. The platform provides a simple platform to trade the digital currencies and altcoins with leverage, or practice crypto trading using a virtual portfolio.

eToro charge a spread cost to purchase Bitcoin using USD which can vary slightly depending on market conditions. Investors that decide to use eToro will not incur additional surcharges for using a credit card. eToro is one of the cheapest ways to buy Bitcoin with a credit card.

etoro

Features:

  • Regulated provider in the US to buy the real Bitcoin asset and CFD's on popular digital currencies and traditional markets
  • Fund account using credit card, bank transfer and PayPal
  • User friendly interface and intuitive mobile trading app
  • Copy-trade profitable crypto traders all around the world
  • Invest in successful cryptocurrency portfolios of top traders

Ease of use

Reputation

Deposit methods

Fees

Crypto.com

With over 1 million customers worldwide, Crypto.com is a premium exchange that features an all-in-one platform to buy, sell, trade, spend, store, earn, loan cash and even pay bills with crypto. 

Crypto.com Exchange offers a platform with deep liquidity and low fees to trade crypto coins against fiat and stable coin pairs using a highly intuitive and sleek user-interface on desktop. Crypto.com often has a promotion to buy Bitcoin with zero credit card fees.

crypto.com

Features:

  • Beginner-friendly user interface with advanced tools
  • High liquidity order-book with low spreads
  • Easiest way to buy Bitcoin using a credit card app
  • Margin platform to trade crypto CFD's
  • Zero trading fees for the first 90 days for new users

Ease of use

Reputation

Deposit methods

Fees

CEX.IO

CEX.IO is a popular exchange to buy Bitcoins instantly using a credit or debit card. The platform is considered to be one of the best fiat-to-crypto exchanges in the world that accepts fiat currencies such as USD, GBP, EUR and RUB. The exchange is available on mobile iOS and Android devices and offers the option to sell Bitcoin instantly and withdraw profits to a credit card (e.g. VISA or Mastercard) which is unique to CEX.IO.

CEX.io

Features:

  • Quick and easy way to purchase Bitcoin
  • Residents in the US can buy Bitcoin with a credit card
  • Highly suitable for beginners and astute investors
  • Margin platform to trade crypto CFD's
  • Supported in multiple countries worldwide
  • Staking to increase holdings by storing coins 

Ease of use

Reputation

Deposit methods

Fees

Changelly

Changelly is a fiat to crypto exchange that allows customers to buy crypto with credit/debit cards. The platform is also highly regarded as one of the best cryptocurrency swap websites to convert Bitcoin to another crypto using the best available rates. The exchange provides a simple interface for beginners and advanced investors to buy and swap crypto assets quickly and sent directly to a hardware wallet for maximum security.

changelly website

Features:

  • Most trusted and reputable crypto swap platform in the world
  • Quick and easy to register an account
  • A beginner-friendly user interface to swap crypto assets fast
  • Competitive trading fees to swap crypto assets
  • Buy Bitcoin using credit and debit cards
  • Send purchased digital currency directly to a hardware wallet

Ease of use

Reputation

Deposit methods

Fees

Frequently Asked Questions

Is It Risky Buying Bitcoin With Credit Cards?

Obtaining Bitcoin with a credit card is one of the safest ways to invest in the cryptocurrency. Exchanges will usually have several checks and balances in place to ensure personnel information and cardholder details are kept safe and secure. It is recommended to use a reputable and trusted fiat to Bitcoin exchange.

How Long Does It Take To Buy Bitcoin With A Credit Card?

Using a credit card to obtain Bitcoin from a cryptocurrency exchange is near instant. Once the cardholder information has been entered, the Bitcoin purchase will be completed instantly and the asset is sent to the user's exchange wallet immediately.

Can You Sell Bitcoin To A Credit Card Or Debit Card?

Investors can cash out of their Bitcoins to a credit/debit card using a cryptocurrency exchange such as CEX.IO. The platform allows its users to instantly sell Bitcoin and withdraw fiat to a credit or debit card.

Can You Buy Bitcoin Anonymously With A Credit Card?

Using a cryptocurrency exchange to obtain Bitcoin anonymously without ID is becoming increasingly difficult. The vast majority of Bitcoin exchanges will mandate users to provide full identity verification before completing a transaction using a credit or debit card. This is due to strict anti-fraudulent security measures and regulations imposed by local governments. 

There are a few peer-to-peer crypto platforms such as Paxful that do offer a way to buy Bitcoin anonymously using a bank card, however the fees can be quite high.

Which Exchange Has The Lowest Fees To Buy Bitcoin Using A Credit Card?

eToro does not incur any credit card fees when depositing US Dollars to the platform to buy Bitcoin. It is the cheapest fee exchange using a credit card to buy Bitcoin or other cryptocurrencies. Binance has a competitive credit card surcharge cost of 2.5% and often have promotions for 50% off credit card costs.

Where Can You Buy Bitcoin Using A Credit Card Without Fees?

Trading platforms such as eToro do not charge a credit card fee to buy Bitcoin using a bank card when using US Dollars. Other Bitcoin exchanges such as Binance and Crypto.com often have promotions that allow its users to buy Bitcoin with 0% credit card fees.

crypto.com app

Conclusion

Buying with a credit card or debit card is one of the easiest and safest ways to acquire Bitcoin instantly. The benefits of using a bank card allow investors all over the world the opportunity to buy digital currencies without using a traditional bank transfer which can take several business days to complete.

User's that want to buy Bitcoin should begin by comparing and assessing the fees and features of cryptocurrency trading exchanges that offer credit/debit card payment methods.

While we aim to provide you with accurate and the latest information in this guide, we strongly suggest that you visit each exchange website to do your own research and keep updated with any changes that may occur afterward.

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Further suggested readings:

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Kevin
Kevin is the founder of hedgewithcrypto and is passionate about blockchain technology. He has been involved with Bitcoin since 2016 after discovering it's potential as an alternative to fiat currency. He is also a trader with over 8 years of experience and is now trading crypto using various platforms. Now, he is focussed on helping others learn about cryptocurrencies via hedgewithcrypto.