Top 10 places to buy Bitcoin with Credit Card
Bitcoin made a huge impact in the financial markets. At the early stage the price of one bitcoin is below $1. People who invested in bitcoin during early stages have become millionaires today because the current price of one bitcoin is over 9000 USD
The volatile growth of bitcoin has made many startups, investors and entrepreneurs to invest their money in bitcoins. Millions of crypto users are buying and selling their bitcoins in cryptocurrency exchange platforms with debit cards and credit cards. They use their fiat currencies to buy bitcoins and other cryptocurrencies like ripple, ethereum, etc.
Why use credit cards & debit cards
One of the important reasons to use debit and credit cards is the security and simplicity they offer during the transaction. Also, this payment method is highly regulated and became popular on all the crypto exchange platforms.
Other main reason is that, if your deposit is not successful, then it can be traced via the visa or master card.
Credit card transactions has also made bitcoin more accessible. Credit and debit cards have international access which means you can buy and trade bitcoin anywhere. But you must check the local laws before buying bitcoin using your fiat currency in your country.
If you are new, then you should know, crypto payments are non reversible transactions. So you should have some knowledge about crypto payments before starting to buy bitcoins or other cryptos using credit or debit cards.
Now, let us see the top 10 exchanges that have credit and debit cards facility to buy bitcoins.
1. Binance:
Binance is one of the leading and most popular cryptocurrency exchange platforms across the globe. This exchange was launched in July 2017 and have headquarters at malta.
It became world’s largest exchange platform in 6 months from the date of launch.
It allow users to trade more than 45 virtual cryptocurrencies including bitcoin, ethereum, litecoin, and ripple.
They have more than 15 million active crypto users daily. So this made them into a very popular and trusted crypto exchange platform. When you withdraw bitcoin, they charge 0.0004 BTC as a withdrawal fee. Also, they charge 0.1% of commission fees for both takers and makers.
2. Coinbase:
Coinbase is a famous cryptocurrency exchange platform where the crypto enthusiasts can buy, sell, and exchange crypto assets using fiat currencies. It was first launched by Brian Armstrong and Fred Ehrsam in 2012. Headquarters is located in San Francisco, California. It was first used as a crypto wallet to store and receive cryptocurrencies. But later, coinbase became one of the largest bitcoin exchange.
They have users from more than 33 countries. It acts as both the bitcoin broker and wallet for bitcoin transactions. They charge fees for each transaction.
Coinbase will be the intermediary for both the buyer and seller. You can buy cryptocurrencies using credit/debit cards, but you should submit your identity proof and government-issued documents before buying crypto from coinbase.
3.Local Bitcoins:
Local Bitcoins is a Peer to Peer — ads based exchange platform launched in June 2012. Headquartered in Helsinki, Finland.
It is considered as a secure exchange platform because there will be no third party or intermediary to monitor your transaction.
In this exchange, you can buy and sell bitcoins instantly using a credit/debit card in a hassle-free manner. They have more than a million active crypto users in 248 countries.
Here, user to user transactions are very secure and this p2p approach is loved by people around the world for it’s security and openness that internet represents. They also have advanced security features for bitcoin transactions. They charge only 1% as the commission fees for the transactions.
4. Coinmama:
Coinmama is a broker based cryptocurrency exchange platform in Slovakia. It is under the control of an Israel company named ‘new bit ventures limited’. It was launched in 2013 and have users in more than 188 countries. It is currently operating in 23 states of United states.
Coinmama provides an easy way to buy bitcoins using debit/credit cards for its users. They have efficient layout and advanced features for trading.
They have good support and fast turnaround time. It is one of the respectable companies in the crypto industry. But they don’t provide a crypto wallet for storing bitcoins. When you use the credit card for the deposit, they’ll charge 5% fees and for trading 5.9% fees.
5. Cex.io:
Cex.io is a reputable cryptocurrency exchange platform to buy bitcoins using credit/debit cards. It was established in 2013 at London.
It used to be the first platform where users can buy cryptos using fiat currencies. They have a user-friendly interface to attract crypto users. You need to enter your card and bank details to buy the bitcoins.
It takes one or two days to verify your card details . After verification you can instantly buy bitcoins and other popular cryptocurrencies like ethereum. You can deposit your money through a credit card in the Cex.io exchange. So that you can buy cryptos with lower fees. They have high buying limits. This is considered as one of the added advantages in this exchange platform.
6. Bitpanda:
Bitpanda was first founded in October 2014 as a bitcoin exchange platform. You can exchange, buy, and sell bitcoin and other popular altcoins. They allow the residents of the EU to buy cryptos in various payment methods (Neteller, Skrill, SEPA, etc). They have low fees for users for buying and selling bitcoins using credit/debit cards.
Bitpanda has an intuitive interface to gain crypto users and crypto enthusiasts. Also, it has multiple payment options to instantly buy bitcoins and other cryptocurrencies. The important thing is you need to get verified by bitpanda to buy bitcoins. You need to submit your email address, phone number, and your identity details(name, DOB, address). You should show your passport to their verification video app. Driving license is not accepted as proof in the Bitpanda exchange.
Users can buy bitcoins for a max of 2500 EUR per day. They charge different fees for different cryptocurrencies based on various fiat currencies.
7. Bitstamp:
Bitstamp is a good bitcoin exchange platform where the users can buy and sell bitcoins with security. It was first launched in August 2011 and this crypto exchange is based out of Luxembourg. The various locations of this exchange are London, Luxembourg and Slovenia. It is named as one of the best and oldest crypto exchange platforms across the world. Also they provide very good support to users. This exchange allows some of the major cryptocurrencies for trading such as Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin cash.
You can deposit your cash through card payment and you must provide your card details to verify your user account. After this process, you can buy and sell bitcoins instantly.
They don’t charge fees for withdrawals but if you withdraw more than 1000 USD, they’ll charge 2% of commission fee. If you buy bitcoin using a credit card they charge 5% of the fee as commission.
8. Bitit:
Bitit is an online exchange platform where the new users and frequent traders can easily buy and sell bitcoins. It was first founded in 2015 with headquarters at France. Also, this exchange is legally operating in more than 50 major countries. So they have more active crypto users and traders in their exchange platform.
They have a user-friendly interface so that many crypto users are buying and selling cryptocurrencies in this exchange.
This exchange platform is simple to navigate and provide a secure crypto environment for buying, holding, and selling cryptocurrencies. Also, you can instantly buy bitcoins using the credit/debit cards as they support Visa, Mastercard, Amex and Maestro.
9. Bittrex:
Bittrex is one of the best US-based cryptocurrency exchange website across the globe. It was first founded in 2013 by Bill Shihara and two other business partners. The headquarters is located in Seattle, Washington.
This exchange is acknowledged as a global leader in the blockchain revolution.
In this exchange you can earn crypto by inviting your friends or other users.
You can trade bitcoin and other popular cryptocurrencies easily. Also you can buy bitcoin with credit cards instantly. They charge low fees for depositing money when you use a credit/debit card. They have a “Bittrex Global” application for mobile. So that you can buy and sell bitcoin anytime and anywhere through the mobile application.
10. Paxful:
Paxful is a top-grade cryptocurrency exchange platform. It was first founded in 2015 with headquarters at United States.
It is a peer to peer platform where users can easily buy bitcoins in a secure manner. It has more than 300 payment methods to buy bitcoin.
They have also sorts of regional payment methods for specific countries. For example, in India you can buy or sell bitcoins easily using any payment method like Bank transfer, PhonePe, Paytm wallet, UPI transfer, and other payment methods.
Also you can easily buy bitcoin with credit cards.
There is no withdrawal fees or deposit fees but they charge 1% of fees for trading.
Conclusion:
Apart from these exchange websites, there are numerous exchange platforms across the globe. I have just mentioned some of the top trusted crypto exchanges to buy bitcoin with credit/debit cards.
Many people still have doubts, whether buying crypto with a card is safe?
The answer is YES. It is safe when you choose a trusted exchange platform to buy/sell bitcoin.
I hope this guide helps you to buy and sell bitcoin instantly with your credit/debit cards.
Cheers!!!
