How to Buy Bitcoin with Credit Card

With the beginning of 2017, buying bitcoins with your credit card has become even easier than you’d have thought. The only problem is locating an appropriate source to buy them. Below we highlight some of the best places to buy bitcoin, either with an exchange or more favourably with a CFD provider.

How to Buy Bitcoin with Credit Card

Buy Bitcoin in 5 Quick Steps

  1. Register free with eToro to open a trading account.
  2. Try a demo account before you hit the Deposit button.
  3. Choose a payment method (Paypal, credit card etc) & deposit into your account.
  4. In the ‘Trade Markets‘ section on the left, select Crypto and then Bitcoin.
  5. Hit trade, a ticket will open, choose your risk preferences and then click ‘Open Trade‘.

Buy Bitcoin with eToro

eToro is the leading CFD provider when it comes to cryptocurrencies and buying Bitcoin. They were one of the first to launch Bitcoin on their trading platform and continue to be a market leader in the cryptocurrency space. If you’re looking to buy Bitcoin, then look no further than eToro, see below our 3 step process to getting started!

Step 1: Registration

eToro is free to sign up and has a demo account that you can use to practice before buying bitcoin for real. To sign up, click the button below and fill out the form; name, email, phone and then you’ll need to create a password. Next you’ll be required to verify your account by clicking the link in your confirmation email.

Step 2: Deposit

Once you’re account is verified, you’ll need to deposit funds into your account to make it live. We recommend starting with the minimum of $250, start small to get used to it and then begin to add more over time. Choose your payment method, eToro offers several options, pick your favoured and then fill out your details and click submit.

Step 3: Buy Bitcoin

Once you have funded your account, it’s time to buy bitcoin. eToros platform is easy to use, to find Bitcoin, click ‘Trade Markets’ on the left, then you’ll see ‘Crypto’ at the top. Once in this section, you will see eToros full list of cryptocurrencies. Hit Bitcoin and then ‘Trade’. A ticket will open, manage your risk and then ‘Open Trade’.

Buy with Investous

Highly rated and new CFD provider, Investous, has burst onto the market and established itself with a solid reputation. It’s smooth and streamlined platform makes trading easy for any beginner looking to take the dive into the world of cryptocurrencies. It offers over 270 different assets and a great range of coins.

Step 1: Registration

Signing up is simple, click the link below and once on their homepage, hit the ‘Sign Up’ button in the top right. Add your name, email and phone number, choose the account type and then click ‘Start Trading’. You’ll receive an email to verify your account before you can deposit into your account.

Step 2: Deposit

Once you have created an account, you will login and be required to fill out a questionnaire. Once complete you will be asked to choose how much you want to deposit and the payment method you intend to use. We always recommend sticking with the minimum amount before adding more once you get used to the platform.

Step 3: Buy Your Cryptocurrency Now

Now you have deposited, to buy bitcoin you will see the list of assets Investous offers on the left. Use the filter option and choose ‘Cryptocurrencies’, you will then find Bitcoin. Click and you will have the option to buy and sell. Decide how much you want to risk, click buy and then ‘Trade’.

Buy with 24 Option

Well known CFD provider, 24 Option, has extended its cryptocurrency offering, with the additions of Bitcoin Gold and Monero plus the standard collective of bitcoin, ethereum etc. The platform is suited for beginners because it simplifies the process of finding your cryptocurrency and in turn purchasing it.

Step 1: Registration

Signing up is easy and free. Fill out the relevant fields and hit ‘open account’. You’ll then receive an email to verify your identity and then will be asked to fill out a questionnaire to get an understanding of your experience.

Step 2: Deposit

There are various ways you can fund your 24 Option trading account, VISA, MasterCard, Astropay, Moneta, plus many more options. To get started pick the payment method of choice and the amount you want to deposit (we’d recommend the minimum of $200)

Step 3: Buy Cryptocurrency

Once your account is all set up and funded, you can search using the filter on the left to find your cryptocurrency of choice. The asset you choose will be available on the right where you can manage your risk before pressing buy and then ‘trade’.

Buy with Binance

Binance is one of the largest cryptocurrency exchanges on the planet. It grew quickly after its launch in 2017 and now even has it’s own token, Binance Coin. It is one of the best places to buy and trade some of the more obscure altcoins, they have a huge range that is always changing with new coins being added and old ones being removed. For security reasons, we would always prefer to buy using a CFD provider like eToro.

Step 1: Registration

To get started you need to go to the homepage and click ‘Register’. You’ll be taken to a sign up page where you need to fill out the fields; email and password. You’ll be sent a verification email, click the link to activate your account. It’s also advised to set up 2FA.

Step 2: Deposit

Binance now allows you to buy bitcoin with credit card, a relatively new feature. Other coins available by credit card are Ripple, Ethereum, Litecoin and Bitcoin Cash. Once you’ve bought one of these you can then exchange for any other coin on the platform

Step 3: Buy Your Coins

Depending on your experience level you have the choice of the basic or advanced exchange. If you’re unfamiliar with the Binance platform then we’d recommend using the basic version. click on Bitcoin and then fill out the ticket to make the exchange.

eToro
Key Features
Accepts customers from the USA
Award-winning Cryptocurrency trading platform
Wide variety of crypto assets
One of the fastest growing brokers in the world
Min Deposit
$50
United States
Key Features
Accepts customers from the USA
Award-winning Cryptocurrency trading platform
Wide variety of crypto assets
One of the fastest growing brokers in the world
Top Coins
Payment Methods
Wire Transfer, Bank Transfer
eToro is a social trading platform based in Cyprus. The company has revolutionised the online trading industry by introducing innovative ways for traders to capitalise from the financial markets.
Cryptoassets are highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.
PaxForex
Key Features
Low minimum deposit
Founded in 2010
Spreads from 0.3 pips
Min Deposit
$200
United States
Key Features
Low minimum deposit
Founded in 2010
Spreads from 0.3 pips
Top Coins
Payment Methods
Credit Card, Debit Card, Wire Transfer, Bitcoin, Ethereum, Neteller, Perfect Money, QIWI, Skrill, UPayCard, WebMoney
You are unlikely to find a more comfortable broker than PaxForex. Our company provides customers the best possible conditions for successful Forex\Cryptocurrencies, Spot metal\Stocks trading. We have offers for both beginners and experienced traders. The main engines of our progress at the financial trading t are spotless reputation; focus on customers and innovative approach to business development. Our achievements have been confirmed by the successes of every one of our traders. Today we are a well-known lowest spread broker trusted by hundreds of thousands of customers worldwide. We assure you that working with PaxForex ensures the highest level of service, strict compliance with all the terms of trading, and reliability provided by the most advanced technologies.
CEX
Key Features
Margin Trading
Legal compliance
Advanced Reporting
Various Payment options
Min Deposit
$20
United States
Key Features
Margin Trading
Legal compliance
Advanced Reporting
Various Payment options
Top Coins
Payment Methods
Credit Card, Debit Card, Wire Transfer, Cryptocurrencies
Cex.io offers exchange of fiat currency for Bitcoin and Ethereum, as well as Bitcoin/Ethereum trading against the USD.
Coinmama
Key Features
Safe & Secure cryptocurrency exchange
Easy Intuitive interface
Impressive limits
Liquidity Accepted in over 200 countries
Min Deposit
$60
United States
Key Features
Safe & Secure cryptocurrency exchange
Easy Intuitive interface
Impressive limits
Liquidity Accepted in over 200 countries
Top Coins
Payment Methods
Debit Card
Coinmama is a bitcoin broker based in Israel. They specialize in selling bitcoins for credit card to nearly anyone in the world.
Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
$
United States
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Top Coins
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Best Place to Buy Bitcoin using Credit Cards

When buying bitcoin with a credit card, you must decide if you want to actually own the asset or if you want to buy it using leverage. We tend to recommend buying it using leverage because you will be buying it through a regulated provider. Cryptocurrency exchanges have no regulation and so open you up to counterparty risk.

Providers like eToro also have a very simple and easy process to buying bitcoin using credit cards. It is very user friendly and makes life for first time traders considerably easier. Once you have signed up it is very easy to fund your account. Not only will it show you how to buy using a credit card but it also highlights some of the various advantages to using providers like eToro compared to crypto exchanges.

Exchanges, Credit cards, Bitcoin – who has our vote?

Before we move ahead, let’s inform you of the reason why some companies don’t facilitate credit card payments. The reason is the chargeback issue that some companies simply don’t like to face, therefore they tend to avoid customers with credit cards.

Remember, Bitcoins are expensive, don’t leave them on any merchant’s website after buying them. Instead, get them moved into your electronic wallet instantly. If you have not created your e-wallet, create it now. It’s important!

Sources to consider buying Bitcoin with Credit Card.

1) eToro – The most secure place to buy Bitcoin with Credit Card

Pros Cons
Regulated by the FCA and CySEC

Low fees

Not available in the US

eToro

eToro is the largest retail broker in the world and was one of the first to start allowing it’s users to buy bitcoin on their platform, making it one of the first brokers to brave the step into the crypto space. This has enabled thousands of it’s users to profit from the huge volatility bitcoin and other cryptocurrencies have seen.

Credit cards eToro accepts:

Visa – Mastercard – Maestro

5 Quick Steps to Buy Bitcoin

  • Create a new Etoro account – it only takes 3 minutes!
  • Make a £200 minimum deposit – Paypal is accepted
  • Buy your Bitcoins
  • Set Stop Loss and Take Profit Levels
  • Withdraw Profits

2) PaxForex great provider for US clients

Pros Cons
Web based platform and MT4 integration

Tight cryptocurrency spreads

Unregulated

paxforex

PaxForex is great for US clients and comes backed by professional traders backed by investors. PaxForex is owned by professionals with extensive knowledge of the Forex, cryptocurrency and other financial markets. The platform easy to use for beginners and more experienced traders alike.

5 Quick Steps to Buy Cryptocurrency

  • Create a new PaxForex account
  • Make a $100 minimum deposit
  • Buy your Cryptocurrency

3)  Coinbase – An Exchange to Buy Bitcoin With Credit Card

Pros Cons
Coinbase has a user-friendly operating interface, charges a low fee and is well reputed Unavailable in some countries, Less responsive support team

Coinbase Logo

Coinbase is the world’s largest broker to deal with Bitcoins. Customers can buy Bitcoin with Credit Card up to $150/week. It has a 3.75% transaction fee charges in place for every transaction made through credit card. The company offers its services in around 33 countries of the world.

Credit cards Coinbase accepts:

Visa – Mastercard – Maestro

To buy Bitcoin with Credit Card, customers need to follow the steps given below.

  • Open an account with Coinbase.
  • Click “Setting” then add a payment method by clicking the payment method tab.
  • Select your card – Debit/Credit.
  • Fill in the details of your card.
  • Click ‘continue’ to proceed.
  • Once you buy Bitcoin with Credit Card, transfer them to your e-wallet account.

4)  Buy Bitcoin with Credit Card At Coinhouse

Pros Cons
Great Customer Support and well-respected company Available in limited countries and has higher exchange rates

Coinhouse Logo

 

Coinhouse is based in Paris and is sometimes referred to as the ‘home of Bitcoins’. It does allow you to buy Bitcoin with Credit Card, however only Mastercard or Visa. Coinhouse also offers you to buy Bitcoins on a cash basis.

At Coinhouse, once your account is confirmed, you can buy Bitcoin online with Credit Card up to 2000 euros worth daily. Once you’ve purchased bitcoin, you can have them transferred to your bitcoin e-wallet account instantly. Remember, Coinhouse allows a maximum of 10,000 euros worth Bitcoin in a month.

5)  Buy Bitcoin with Credit Card At BitPanda

Pros Cons
It has various payment options, its charges are relatively low Sometimes asks for additional hidden charges, Available for EU citizens only

BitPanda Logo

BitPanda was founded in 2014 and allows its customer to buy bitcoin with Credit Card. Customers can also buy Bitcoins via wire transfers, Paypal, Skrill, Neteller, plus many more. The services of the company are available only for EU citizens.

As highlighted, BitPanda offers plenty of different payment options when it comes to buying a cryptocurrency, however if you are looking to buy bitcoin with AMEX or a discover card, you will come a cropper. BitPanda only allows you to buy bitcoin with Visa or Mastercard.

With a verified account, you can buy a maximum of 2,500€ worth bitcoins daily and 75000€ worth bitcoins monthly via your credit card. For other options such as debit card payments, cash, Skrill, or Neteller the limit is 10,000€ daily and 300,000€ monthly.

Bitcoin credit cards? Bitcoin prepaid cards?

Bitcoin now is arguably a power house in the financial sector now, maybe not up with the dollar or some banks, but its current market cap exceeds $100 billion. That is not something to turn your nose up at.

It is unsurprising that people are talking about getting bitcoin prepaid cards and even bitcoin credit cards. Although those may be a while away yet, with the growth we have seen and the uptake of retailers allowing you to purchase their goods using bitcoin, it surely must not be too long away.

Avenues to Buy Bitcoin with Credit Card

As I am sure you are aware of, there are multiple different credit cards on the market:

  • Visa
  • Mastercard
  • American Express
  • Discover card

The list could continue, but how can each card affect the transaction when it comes to purchasing bitcoin with it?

No, is the simple answer, although there are differences between these credit cards, they all offer similar purchasing practices. The difference comes when you are buying bitcoin with American Express or a more peculiar card. Lots of crypto exchanges only accept Visa or Mastercard, which can put a spanner in the works.

As we go over some exchanges that offer good services when it comes to purchasing bitcoin using credit card, we will highlight the various cards they do and do not accept.

 

Final Words

The exchanges mentioned above are some of the best places to buy Bitcoin with Credit Card as well as other methods of payments. Your credit card information is not only safe, but you also receive the best price

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