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How to buy Bitcoin with a credit card

Using a credit card to buy Bitcoin isn't cost-effective or a good idea, but it can be done.

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Although it's possible to buy cryptos like Bitcoin with a credit card, you should think very carefully before you do.

While a credit card might seem like a convenient payment option, there are some serious downsides you need to consider, including additional fees and the risk of your payment being blocked. And, it can be tricky to find a crypto trading platform that accepts credit card payments.

How to buy Bitcoin with credit card

If you've thoroughly researched the fees and risks and decided to buy Bitcoin with credit card, here are the general steps you'll need to take.

  1. Choose a platform that accepts credit cards
    First you will need to find a platform that actually accepts credit card payments. There are a small number of platforms including crypto exchanges, investment apps and brokers that may let you pay by card.
  2. Create an account
    Regardless of which service you use to buy Bitcoin with a credit card, you will need to create an account. At a minimum, this requires you to sign up with an email and password. Additionally, most exchanges will require you to pass a Know Your Customer (KYC) process which involves photo ID.
  3. Make your purchase
    The next step is to actually purchase Bitcoin with your credit card. This requires you to provide your full credit card details. Depending on the service provider, they will also ask for billing details such as the associated address, along with the name on the card. Once the details of the credit card have been entered, then you can choose the amount of Bitcoin you would like to purchase. Remember – you can purchase less than 1 whole BTC.
  4. Store your crypto
    Trading platforms typically offer an in-built wallet to hold your Bitcoin on your behalf. If you don't plan on trading frequently, it's a good idea to consider transferring most of your funds to a personal crypto wallet for added security.

Purchasing Bitcoin with a credit card might seem convenient but it carries a lot more risk than using funds in your bank account. Using a credit card means you are taking on debt which is going to compound rapidly if you don't pay it off immediately. Taking on debt to invest in anything – especially a volatile asset like Bitcoin – is particularly ill-advised because you could wind up losing more than your initial investment.

Where to buy crypto with credit card in the US

Use the table to compare platforms that let you purchase Bitcoin with a credit card in the US. Compare fees, supported currencies and special offers.

1 - 5 of 8
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Finder Award
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT, ACH online banking
USD, EUR, CAD, AUD, GBP, CHF, JPY, AED

230
cryptocurrencies

OFFER
Uphold - Digital Asset Platform
Bank transfer, Credit card, Debit card, Bank transfer (SEPA), Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

236
cryptocurrencies

Refer a friend to earn US$20 — $10 for you and $10 for the person you refer. T&Cs apply.
Changelly Crypto-to-Crypto Exchange
Credit card, Debit card
USD, GBP, EUR, CAD, MXN, HKD, RUB, NZD, SGD, JPY & 40+ more

391
cryptocurrencies

US residents: US-based users can not use Changelly.
OFFER
KuCoin Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P, Zelle
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND

780
cryptocurrencies

Sign up and get up to US$10 in rewards. Make trades to get up to US$500 in rewards. T&Cs apply.
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

390
cryptocurrencies

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Best places to buy Bitcoin with a credit card

There are several places to buy Bitcoin with a credit card, including:

  • Cryptocurrency trading platforms. Exchanges and brokers that accept credit card typically require identity verification before purchase.
  • Bitcoin ATMs. Some Bitcoin ATMs accept credit card payments, allowing users to purchase Bitcoin in person.
  • Peer-to-peer marketplaces. P2P platforms such as Paxful connect crypto buyers and sellers, some of whom may accept credit card payments.

How much does it cost to buy Bitcoin with a credit card?

While buying crypto with credit is generally straightforward, it can also be quite expensive. This is because there are several fees that can contribute to the cost of your transaction, not only from the crypto broker but also from your card issuer. These charges can include:

Cash advance fee Many card issuers treat a cryptocurrency purchase as a cash advance. This means your purchase will usually incur a cash advance fee and will also attract higher interest rates than normal purchases.
Exchange/broker fee The platform you use to buy Bitcoin or another cryptocurrency will impose its own transaction fee. These tend to range from 4–5%, but are higher in some cases.
Credit card surcharge You may also be asked to pay a credit card surcharge on top of any other fees and commissions being charged.
Currency exchange fee If you're using a local credit card on an overseas exchange, you might wind up paying foreign currency conversion fees.
Higher interest rates Credit card providers often charge fees upwards of 10% p.a on credit loans. Double-check the loan and repayment information with your card provider and remember to account for interest rates when calculating your repayments.

Pros and cons of buying Bitcoin with a credit card

Pros
  • Speed. Transactions made with a credit card are usually processed quickly, allowing you to buy Bitcoin and have it in your wallet in a matter of minutes.
  • Earn rewards. Some credit cards offer rewards or cashback for purchases made on the card, which could help offset the cost of buying Bitcoin.
Cons
  • High fees. Buying Bitcoin with a credit card can be more expensive than other methods due to the fees charged by the credit card company and the platform used to make the purchase. Exchanges typically apply a surcharge of between 1.5% and 5%.
  • Debt. Using a credit card to purchase Bitcoin means you are going into debt. If the price of Bitcoin drops, you will still need to repay your debt in full, plus any interest.
  • Interest. If you don't pay off your credit card balance in full each month, you will be charged interest on the purchase, which can add significant costs over time and increase your debt.
  • Payment blocks. Credit card issuers have been known to freeze the accounts of customers who use their cards to buy crypto, so it's a good idea to check if your bank is crypto-friendly before making a purchase.
  • Credit card fraud. As with any online purchase, there is a risk of credit card fraud when buying Bitcoin with a credit card. It's important to only buy from reputable platforms and to take steps to secure your credit card information.

Is it safe to buy Bitcoin with a credit card?

There are a few things worth considering before you decide to purchase Bitcoin with a credit card.

Security of the platform. Make sure the platform you are using is reputable and has a good track record of protecting customer information. Check for security features such as 2-factor authentication and SSL encryption.

Fees and charges. Be aware of any fees or charges associated with buying Bitcoin with a credit card. Compare these to other purchasing options to ensure you get a fair deal.

Volatility of Bitcoin. The value of Bitcoin can be highly volatile, so be prepared for the possibility of significant price fluctuations after purchasing.

Legal and regulatory compliance. Some countries have regulations and laws that restrict or prohibit the buying and selling of Bitcoin. Be sure to check the laws and regulations in your country before making a purchase.

Wallet security. If you plan to store your Bitcoin in a wallet, make sure to choose a secure and reputable wallet provider.

Reputation of the company. Check the company's reputation, its regulatory compliance and if it has had any security breaches in the past.

Credit card debt. Buying Bitcoin on credit can easily lead to credit card debt if not managed properly, so it's essential only to spend what you can afford to repay.

Other ways to buy Bitcoin

Credit cards aren't the only way to purchase Bitcoin – or the best. There are several other ways to buy Bitcoin that are generally more cost effective.

  • Bank transfer. You can use a cryptocurrency exchange that accepts bank transfers as a payment method. Many major exchanges allow you to deposit funds via bank transfer and then use those funds to buy Bitcoin, usually with comparatively low to no fees attached.
  • PayPal. You can buy Bitcoin with PayPal which can then be used to make purchases on millions of online stores that accept PayPal as a payment method. Some crypto exchanges also support PayPal as a deposit method, allowing you to transfer funds from your PayPal onto the exchange, and then trade them for Bitcoin.
  • Cash. You can buy Bitcoin with cash through a variety of methods, including a Bitcoin ATM or via a peer-to-peer crypto marketplace.

It's important to remember that each of these methods has its own advantages and disadvantages. Research and compare the different ways to buy Bitcoin before making a decision, and always use reputable providers to ensure the safety and security of your funds.

Frequently asked questions about buying Bitcoin with a credit card

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
KuCoin Cryptocurrency Exchange
OFFER
KuCoin Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND

743
cryptocurrencies

Sign up and get up to US$10 in rewards. Make trades to get up to US$500 in rewards. T&Cs apply.
Binance Cryptocurrency Exchange (Not available to US users)
Bank transfer, Cryptocurrency

369
cryptocurrencies

eToro Cryptocurrency Trading
eToro Cryptocurrency Trading
Bank transfer, Credit card, Debit card, Neteller, Skrill
EUR, GBP, NZD, USD, AUD, HKD, SGD, CHF, NOK & 5+ more

78
cryptocurrencies

Disclaimer: Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P
USD, AUD, CAD, EUR, GBP, NZD, HKD, JPY, SGD, PHP

279
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Gate.io Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

1607
cryptocurrencies

Changelly Crypto-to-Crypto Exchange
Credit card, Debit card
USD, GBP, EUR, CAD, MXN, HKD, RUB, NZD, SGD, JPY & 40+ more

391
cryptocurrencies

US residents: US-based users can not use Changelly.
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
USD, EUR, CAD, AUD, GBP, CHF, JPY, AED

222
cryptocurrencies

OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP

338
cryptocurrencies

Uphold
Uphold
Bank transfer (ACH), Credit card, Debit card, Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

237
cryptocurrencies

Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

390
cryptocurrencies

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Finder Award
Bitstamp Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS)
USD, EUR, GBP

77
cryptocurrencies

Coinmama Cryptocurrency Marketplace
Credit card, Fedwire, SEPA, Google Pay, SWIFT, Bank card
USD, EUR, AUD, CAD, GBP, JPY

18
cryptocurrencies

OFFER
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT
USD, AUD, CAD, EUR, GBP, SGD, HKD, COP

140
cryptocurrencies

Finder Award
Crypto.com App
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Wire transfer, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, COP, CHF, HKD, SGD, AUD, CAD, KRW, SEK, CNY, TRY, RON, JPY, NOK, MYR, BRL, DKK, ZAR, BGN, THB, INR, TWD, PHP, IDR, MOP, MDL, SAR, MXN, CLP

311
cryptocurrencies

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Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Offers leverage and derivative trading
  • Supports EUR, GBP and CHF
  • Licensed to operate in all European countries
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.
OFFER

KuCoin Cryptocurrency Exchange

KuCoin Cryptocurrency Exchange logo
  • Buy, sell and trade over 700 crypto assets
  • Supports 10 Asian fiat currencies
  • Offers crypto futures trading
Go to site

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade over 200 crypto assets
  • Licensed to operate in 17 jurisdictions in Oceania
  • Supports AUD
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Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay enables users spend their crypto
  • Binance P2P supports multiple African fiat currencies
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Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay works with Credencial Payments to support crypto payments
  • Binance P2P supports five Latin American fiat currencies
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Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Supports leverage and derivative trading
  • Supports 300 spot trading pairs
  • Low-to-non-existent trading fees
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

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