Fintech News | Fintech Zoom
Buy Bitcoin with Credit Card

Buy Bitcoin with Credit Card

Buy Bitcoin with Credit Card. Buying bitcoins via credit cards is the most popular, fastest and convenient way to get your hands on bitcoin.

As we know that from the last few years, Bitcoin (also known as BTC) has become one of the most prominent methods to purchase/exchange goods/value across the web because a simple swipe of a card is enough for you to buy your favorite sweater on the web, pay for your daily coffee, start any subscription service, and do pretty much anything else that comes to mind.

On top of that, buying Bitcoin with credit card is the most secure and fastest way to purchase. All you need is your bitcoin wallet for storing bitcoin and a reliable and secure exchange where you can buy bitcoin with credit card.

 

Coinbase – Buy Bitcoin with Credit Card

Coinbase is the world’s largest Bitcoin broker.

At Coinbase you can buy up to $150 or €150 of bitcoin per week instantly with a debit card (not credit card) in:

  • United States
  • Canada
  • Europe
  • United Kingdom
  • Australia

Coinbase charges a flat 3.99% fee on all purchases via debit card, which is among the lowest for European and US customers.

A quick step-by-step guide on how to buy bitcoins with debit card on Coinbase:

  1. Create account. Open your account on Coinbase.
  2. Connect debit card. Add your debit card to your Coinbase profile
  3. Verify ID. Verify your ID with Coinbase.
  4. Buy bitcoins! Buy bitcoins using your debit card.

We may receive compensation when you use Coinbase. Please visit Coinbase for its exact pricing terms.

PROS
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • “Instant Buy” option available with debit card
CONS
  • Purchases made with bank transfer can take up to 5 days to complete
  • Coinbase may track how and where you spend your bitcoins

Coinmama – Buy Bitcoin with Credit Card

Coinmama is a bitcoin broker that specializes in letting you purchase bitcoin with a debit or credit card.

You’ll be charged a ~6% fee due to the risks and processing fees that come with credit card payments.

Coinmama offers high limits. You can buy up to:

  • $5,000 worth of bitcoin per day
  • $20,000 worth of bitcoins per month

After your account is verified and a purchase is made you will receive your bitcoin within a few minutes.

Coinmama is only available in some US states.

We may receive compensation when you use Coinmama. Please visit Coinmama for its exact pricing terms.

PROS
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
CONS
  • Some of the highest fees among credit/debit card bitcoin brokers

Luno

Luno allows users in Europe to purchase bitcoins with a credit card or debit card. The company offers very low fees.

We may receive compensation when you use Luno. Please visit Luno for its exact pricing terms.

PROS
  • Trusted exchange that has been around for a long time
  • Free deposits and low withdrawal fees
CONS
  • Users should not store bitcoins in Luno’s wallet service

Bitpanda – Buy Bitcoin with Credit Card

Bitpanda is a Bitcoin broker located in Austria. You can purchase coins with a credit/debit card for 3-4% fees. Only residents of Europe can use Bitpanda.

Note that the fees are not displayed publically but displayed in your buy price when completing your purchase.

We may receive compensation when you use Bitpanda. Please visit Bitpanda for its exact pricing terms.

PROS
  • Some of the lowest fees for buying bitcoins with credit/debit card
  • Reliable and trusted broker
CONS
  • Fees aren’t shown openly on the site but instead included in the buying price

CEX.io

CEX.io lets you buy bitcoin with a credit or debit card

CEX.io is one of the oldest Bitcoin exchanges and works in the United States, Europe, and some countries in South America.

CEX.io’s verification process is extensive and can take up to 30 minutes to complete.

US residents: CEX is only available in some US states.

We may receive compensation when you use CEX.io. Please visit CEX.io for its exact pricing terms.

PROS
  • Support for many countries and regions
  • Low 0.2% trading fee
  • Established and trusted exchange
CONS
  • Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
  • GBP market lacks liquidity

LocalBitcoins

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.

PROS

  • Wide variety of sellers
  • easy-to-use interface

CONS

  • Sellers will usually take higher fees for credit card purchases
  • possibility of scam

 

 

Read About: