How to Buy Bitcoin with a Credit Card – Best Methods in 2024

One of the fastest ways to buy Bitcoin and other cryptocurrencies is with a credit card. While investors will first need to go through a KYC process, this often takes just minutes to complete.

In this guide, we explain how to buy Bitcoin with a credit card instantly. We also discuss where to buy Bitcoin with a credit card safely and with low fees in 2024.

Why Buy Bitcoin with a Credit Card?

Credit cards are just one of many payment types available when buying Bitcoin online. But are credit cards the best option?

Below, we explain why buying Bitcoin and other cryptocurrencies with a credit card is the most seamless option.

Fast Bitcoin Purchases

When it comes to speed, credit cards are the fastest way to buy Bitcoin. Transactions are processed within seconds, allowing investors to obtain their Bitcoin near-instantly.

Now compare this to another traditional payment type, such as a bank account transfer. Depending on the financial institution and payment network, this can take several days to process. In the meantime, investors might have missed out on a suitable entry price for their Bitcoin purchase.

High Security

There are several reasons why buying Bitcoin with a credit card is also the safest option.

First and foremost, the best crypto exchanges supporting credit card payments are regulated.

• What’s more, all crypto exchanges accepting credit card payments must follow certain rules, regardless of where they are licensed.
• This includes verifying the user before a credit card can be used.
• As noted above, this entails providing the exchange with a government-issued ID, such as a passport or driver’s license.

Another safeguard is that crypto exchanges use encrypted tools when processing credit cards. Put simply, this means that the exchange cannot see the credit card details being typed into its website. This prevents the risk of becoming a victim of fraud.

Ultimately, there are plenty of security protocols in place to ensure buying Bitcoin with a credit card is safe.

Great for Dollar-Cost Averaging

One of the best long-term strategies when investing in Bitcoin is dollar-cost averaging. Those following this strategy will buy Bitcoin at fixed amounts at refined intervals. For example, buying $150 worth of Bitcoin at the end of each month.

• Using a credit card for this purpose makes the strategy more seamless.
• This is because the credit card details will already be saved on the chosen exchange.
• Then it’s just a case of completing the payment on the respective date, which shouldn’t take more than a couple of minutes.

In comparison, dollar-cost averaging via bank transfers can quickly become cumbersome.

Simple Withdrawals

Buying Bitcoin with a credit card also makes it simple to cash out. As per anti-money laundering (AML) regulations, withdrawals must be made to the same payment type. This means that after selling Bitcoin back to real-world money, the funds can be withdrawn back to the same credit card.

What’s more, the credit card details will already be saved on the chosen exchange. As such, the process is fast and frictionless. While transaction times vary depending on the day of the week and the credit card issuer, the withdrawal should arrive in 2-3 business days.

Competitive Fees Are Available

In many cases, buying Bitcoin with a credit card is often the most expensive option. For example, Coinbase charges 3.99% on credit card payments. While Kraken and Crypto.com charge 3.75% and 2.99%, respectively.

That said, with over 200 crypto exchanges in the market, there are much cheaper options available.

As such, it pays to shop around when choosing a place to buy Bitcoin with a credit card.

Ideal for Mobile Payments

The crypto markets move at a rapid pace, so there might come a time when investors want to buy Bitcoin instantly. In this instance, the process is just as seamless when using a mobile device.

This is because most smartphones come with a secure ‘Auto Fill’ feature. This allows investors to instantly buy Bitcoin with a credit card no matter where they are.

The investor simply needs to log into their exchange account to complete the payment. In contrast, opting for a bank account transfer will take several days, irrespective of the device type.

Top Exchanges for Buying Bitcoin with Credit Card Reviewed

Now that we have covered the benefits of using a credit card to buy Bitcoin, we can now explore the best places to do so.

Below, we compare the best exchanges for the job in terms of fees, security, user-friendliness, speed, and other important factors.

1. Exodus – Overall Best Place To Buy Bitcoin With A Card In 2024

Exodus is a fully-fledged Web3 wallet that allows its users not only to buy Bitcoin with a credit card but also to buy many other cryptocurrencies and store them securely in a non-custodial way.

Depending on the user preference, they can download the Exodus mobile app on iOS or Android devices, grab it as a desktop app on Linux, Windows, or Mac, or add it as a browser extension on Chrome and Brave.

Thanks to its built-in swap, users can seamlessly exchange their BTC for ETH, SOL or any other cryptocurrency they want. Some coins, like SOL, ADA, and MATIC can be staked within the wallet to earn passive income for the holders.

By allowing users to connect to DeFi platforms, yield farming dApps like Aave and Compound Finance are easily available. This allows users to stake their cryptocurrencies, loan and borrow and more.

The Exodus wallet also supports NFTs. You can connect to NFT marketplaces to trade your digital assets, or you can hold them safely in your wallet.

To increase user security, Exodus has partnered with the Trezor hardware wallet. This way, you can easily integrate your crypto wallet with the Trezor device to safely store your Bitcoin.

Follow Exodus Wallet on X and join their Discord channel to get the latest news on features release or updates.

2. MEXC – Popular Crypto Exchange With Spot and Derivatives Markets

MEXC, established in 2018 and serving over 10 million users across 170 countries, is an excellent choice for buying Bitcoin with a credit card in 2024. 

The platform MEXC charges a 2% fee for buying crypto with a credit or debit card. Also, it has 0% spot trading fees and offers significantly lower costs than competitors, making it especially appealing for day traders and users with a lower trading volume.

With support for over 1,600 coins and a transaction capacity of 1.4 million transactions per second, MEXC combines diversity with high efficiency.

It offers spot trading with no fees, futures trading with up to 200x leverage, and margin trading. The platform provides advanced charting features for day traders and seasoned investors, including multiple indicators, drawing tools, and integration with TradingView charts.

The platform also caters to beginners, with features like MEXC Savings, which offers the flexibility of locking in tokens like USDT and XRP for attractive APRs with the option for flexible unlocking. 

Additionally, its copy trading feature allows users to mirror the strategies of successful traders or have others copy their trades.

Purchasing cryptos on MEXC is simple, with multiple options, including bank transfer, SEPA, credit and debit card payments, and peer-to-peer transactions. 

The exchange also supports third-party payment processors like Moonpay, enabling direct crypto purchases through Google Pay and Apple Pay.

Understanding the need for mobility in crypto trading, MEXC offers a user-friendly mobile app for iOS and Android users, enabling trading on the go.

MEXC also offers its native MX token, launched in 2019, providing holders with various benefits like voting rights, trading discounts, access to free airdrops, and more. 

The platform maintains a 1:1 proof-of-reserve for user assets, ensuring transparency and security for its users’ investments in ETH, BTC, USDT, and USDC.

3. OKX – Prominent Crypto Exchange With Advanced Trading Tools

OKX is our next best choice for buying Bitcoin with a credit card. It is renowned for its low trading fees and extensive trading services. 

With over 370 supported markets, including popular and emerging cryptos, OKX caters to short-term traders as well as long-term investors.

The platform charges a mere 0.1% for market orders. For limit orders, the fees are lower at just 0.08%, which can be further reduced by achieving specific 30-day trading volume milestones.

Traders can deposit cryptos like Bitcoin into savings accounts to earn an APY of up to 5%. Other tokens have higher yields, with Near Protocol and Elrond offering up to 35.5% and 36% APY, respectively, positioning OKX as one of the best crypto-staking platforms.

For advanced traders, OKX offers a range of sophisticated trading products, including perpetual swaps, futures, and options.

The integration with TradingView and the availability of charting timeframes ranging from one second to three months cater to the analytical needs of experienced traders. OKX also provides trading bots, allowing for the automation of trading strategies based on predefined rules.

OKX further improves user experience with its crypto wallet app, a non-custodial wallet that gives investors complete control over their private keys, ensuring a higher level of security and autonomy.

4. Binance – Leading Crypto Exchange Supporting Bitcoin and Hundreds of Other Markets

Binance is the largest crypto exchange by some distance, with more than $7 billion worth of trading volume in the prior 24 hours alone. It offers some of the lowest trading commissions in the market, with traders paying just 0.1% per slide. Just like Crypto.com, lower commissions are available when meeting 30-day trading milestones.

After opening an account with Binance, users have the option of depositing funds with a credit card. But do note that fees will vary depending on the currency being used. For example, those depositing euros will pay 1.8%. Deposits in Australian dollars are slightly higher at 2%. In other cases (e.g. British pounds), the credit card fee is built into the exchange rate.

As such, investors using Binance will need to check the specific fee based on their local currency. Nevertheless, we like that Binance supports hundreds of trading markets, so will appeal to active traders. Additionally, Binance offers Bitcoin savings accounts, although these currently yield just 0.25%. Binance also offers leveraged Bitcoin markets, including futures and options.

5. PrimeXBT – Regulated Platform with Access to Advanced Bitcoin Trading Options 

Launched in 2018, PrimeXBT is a leading margin trading platform that offers access to crypto CFDs, commodities, indices, and forex. With a global reach in over 150 countries, PrimeXBT is designed to cater to a wide array of trading needs, including the ability to purchase Bitcoin using a credit card.

PrimeXBT stands out for its highly customizable platform, allowing users to tailor their trading experience to meet specific needs and goals. This customization is complemented by super-fast order execution speeds, averaging less than 7.12 milliseconds.

Once you complete KYC, you’ll be able to buy Bitcoin using a wide range of payment methods, including a credit card. This is done through Coinfy on the PrimeXBT platform.

PrimeXBT will not charge you for this purchase, but if you withdraw it to an external wallet, you will be charged a transaction fee. In terms of trading fees, PrimeXBT charges a 0.05% fee for any crypto trades.

For those looking for more advanced Bitcoin trading options, you can trade Bitcoin futures with leverage of up to 200X.

In addition to Bitcoin, PrimeXBT lists dozens of other cryptocurrencies. This includes Ethereum, Solana, Binance Coin, Avalanche, Toncoin, Cardano, and Dogecoin.  We like that PrimeXBT comes packed with security features such as cold storage, and two-factor authentication.

How to Buy Bitcoin with Credit Card on Exodus – Tutorial

Wondering how to buy BTC with a credit card in just five minutes from start to finish?

We will now explain how to complete the process of buying Bitcoin with Exodus, a popular Web3 wallet.

Step 1: Download the Exodus App

Select the desktop app for Linux, Windows, and Mac, a mobile wallet for iOS and Android devices, or a browser extension for Chrome and Brave.

Step 2: Create a New Wallet 

Enter a unique password and head to the Settings and Security tabs to find the back up option. Write down your 12-word seed phrase as this is your only way to access your wallet if something happens to your phone or computer.

Keep your seed phrase safe and don’t take photos of it.

Step 3: Select Bitcoin and a Provider

Select the Buy option and find Bitcoin from the list of available cryptocurrencies. Enter the amount you wish to spend. Typically, the card option is selected first by default.

Select the third-party provider from Blockchain, Ramp Network or MoonPay. This will take you to the third-party provider’s site.

Step 4: Buy Bitcoin 

Sign up with the third-party provider with your email. Typically, they require a KYC before you can use your card. After completing these steps, you can buy Bitcoin with a card just by signing in.

Conclusion

In summary, the fastest and most seamless way to buy Bitcoin is with a credit card. Be sure to shop around, as credit card fees can vary considerably. We found that Exodus is the best option.

Don’t invest unless you’re prepared to lose all the money you invest.

References

• https://www.swift.com/your-needs/financial-crime-cyber-security/know-your-customer-kyc/kyc-process
• https://www.cnbc.com/select/what-is-a-chargeback/
• https://intelligent.schwab.com/article/dollar-cost-averaging
• https://www.finra.org/rules-guidance/guidance/reports/2023-finras-examination-and-risk-monitoring-program/aml
• https://coinmarketcap.com/rankings/exchanges/
• https://coinmarketcap.com/exchanges/binance/
• https://www.reuters.com/legal/transactional/cryptocurrency-anti-money-laundering-enforcement-2022-09-26/

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Kane Pepi

Editor

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Kane Pepi

Editor

Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…

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