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How to Buy Bitcoin with your Credit Card
How to Buy Bitcoin with your Credit Card

How to Buy Bitcoin with your Credit Card

Let’s face it! Bitcoin is becoming more popular every day. So individuals are looking for a fast way to acquire it and profit from the price change. In the following guide, I will show you how to buy bitcoin with your credit card, PROs, and CONs and how to find the best exchange rate.

A few years ago, it used to be impossible to buy Bitcoin with a credit card or a debit card. The main issue of that was the possibility of a chargeback. Fraudsters purchased Bitcoin with stolen credit cards from exchange companies.

When the credit card owner disputed the transaction and asked the banks for a chargeback, the banks wanted to get the funds back from the exchange company.

As Bitcoin and all other cryptocurrencies are non-refundable, the fraudsters kept the bitcoin, and the exchangers had to return the funds and get the loss. But now, with advances in technology and companies redefining their platforms, it is becoming much easier, so exchangers are more confident in accepting credit card payments for Bitcoin.

Now that the history lesson is over let’s talk about getting some bitcoin.

Purchase Bitcoin with a Credit Card PROs and CONs

Before anything else, let’s talk about the advantages and disadvantages.

Here are the main PROs and CONs of purchasing Bitcoin and other cryptocurrencies with a credit card.

Check them carefully to have a complete understanding before proceeding:

Purchase Bitcoin with CC PROs

  • You can get bitcoin very fast, literally in minutes, while a bank transfer could take 4-5 days.
  • It’s a straightforward process, as most cryptocurrency exchangers are beginner-friendly.
  • Being fast, you can protect yourself from cryptocurrency volatility as the funds will not be locked.
  • You can take a loan or a cash advance on your credit card and invest it directly into crypto.

Purchase Bitcoin with a CC CONs

  • The fees associated are quite high, sometimes around 5-8%.
  • Most credit cards have low purchasing limits.
  • Some banks ban or make the purchase of cryptocurrencies difficult.
  • You can’t trade anonymously, as adding funds by CC requires Id verification.

Now that you have a clear picture of the PROs and CONs of purchasing bitcoin with your credit card, you can decide whether you want to do it or not. I did it many times, especially when I knew that a cryptocurrency price would rise soon, and I wanted to benefit from that.

How to purchase bitcoin with Credit Card?

On many cryptocurrency exchanges, you can purchase Bitcoin with your credit or debit card. Still, the process can be difficult for newbies due to the exchanges’ interface, commission structure, or financial infrastructure. In addition, most of them require extensive document verification. Also, some exchanges lack a lot of cryptocurrencies and rare crypto-tokens.

Many exchanges currently offer you cryptocurrencies if you pay with your credit card.

Below are several cryptocurrency exchangers that accept credit card payments:

After you check their fees and conditions, you should signup for an account, pass the KYC verification and add money with your credit card. But what if I tell you there is a way to check how to find the best rate you can get for purchasing bitcoin or other cryptocurrencies with your credit card?

Read on.

How to find the best rate?

The solution for finding the best rate for your cryptocurrency exchange fast is exchanger monitor services, such as

In short, is a directory of selected, trusted, and reliable cryptocurrency exchanges. You can find out where you can buy/sell/exchange dozens of popular cryptocurrencies and e-currencies or purchase those with debit or credit cards or various payment systems on their website.

Screenshot of the BestChange service
Screenshot of the BestChange service

How to use to exchange crypto/fiat/e-currencies

  • On the panel on the left, select the currency that you have and the currency you want to buy/exchange to;
  • The center of the page will show a list of reliable and trusted exchangers that work with this exchange direction. By default, the exchangers with the best rates are at the top of the list;
  • You can use the Calculator feature to check the exact amounts you will get after the conversion;
  • Choose an exchanger that suits you, click on it to go to its website, and follow the instructions to make an exchange.

You can easily find the best exchanger to purchase Bitcoin with your credit card by selecting Credit Card on Source and Bitcoin on the destination table in their cryptocurrencies.

As you can see in the picture above, there are some huge differences in the prices you have to pay for a Bitcoin on these exchanges. Check the reserve, the min amount, and select the best exchanger. Don’t forget to read the chosen exchange’s reviews to ensure it is reliable.


Can you buy and sell Bitcoin instantly?

Yes. There are cryptocurrency exchangers that allow buying Bitcoin and several other cryptocurrencies in minutes. All you have to do is get an account with your preferred exchange, verify your ID and place your order.

Is it risky giving up my ID to buy?

It depends on how much you trust the exchanges. Just like any information you give up online, there is always the risk that it can be hacked or stolen from the website you give it to. Bitcoin exchanges have to go for them because they are constantly under attack. They have some of the best security and protections in place to protect against hacking your personal info.

Can I buy bitcoin with a credit card anonymously?

Due to the risk of fraud, all the cryptocurrencies exchangers that allow purchasing with a credit card have extensive IDs verifications, so you will not buy bitcoin with a credit card anonymously.

What are the benefits and advantages of buying bitcoin with a credit card?

Purchasing bitcoin with a debit/credit card is one of the fastest ways of acquiring cryptocurrencies. Besides that, the process is straightforward. Since most people understand how to shop online using credit and debit cards, it may be easier for less technical buyers to use credit cards to purchase bitcoins.

How do I determine the best way to buy?

The best way to purchase bitcoin with a credit or debit card is to use an exchangers monitoring website and find the best fee. After that, read through each exchange’s description to ensure you can meet all their conditions. Make sure you find one that supports your country and has fees you’re okay with. You can also try multiple exchanges to see which you like using the best.


If you want to buy Bitcoin with credit cards, keep in mind that the market rate is around 5% for each transaction. It may look like a high transaction fee for regular currency transactions, but you’ve seen the benefits.

This option is also easier to justify given the high-security risks exchanges face, as I’ve presented at the beginning of this article.

Now you know how to purchase Bitcoin with your credit card. Have questions, or do you need help? Let me know in the comments form below.

This article provides information for educational purposes. Daily Money Saving does not offer advisory or brokerage services nor recommend specific investments, including stocks, securities, or cryptocurrencies.

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