How to Buy Bitcoin With a Debit Card

We can both agree on this:

Buying bitcoin & crypto with a credit card or debit card is confusing.

Today we'll show you how easy and fast it can be.

We've collected the best exchanges and listed them for you below.

Chapter 1

Introduction to Buying

Here's the deal:

Buying bitcoin (BTC) with a credit or debit card used to be REALLY hard.

Luckily, companies like Coinbase (USA), Bitpanda (Europe & UK) and Coinmama (worldwide) have made the process smooth and fast.

Below, we've listed 5 proven exchanges for buying cryptocurrency with your credit card or debit card.

You'll need a Bitcoin wallet before you buy since some exchanges require one.

Read our guide on the best Bitcoin wallets.

Quick Info: Popular Exchanges

• Popular Exchanges

• 

  Bits of Gold

  • Crypto exchange based in Tel Aviv
  • Buy with card, cash or bank transfer
  • Supports Bitcoin & Ethereum

• 

  WazirX

  • Crypto exchange based in India
  • Deposit INR with IMPS & UPI
  • Low fees and many coins

  BUY NOW at WazirX's Secure Site

• 

  SwyftX

  • Crypto exchange for New Zealand
  • Supports credit card buying
  • Easy to use interface

  BUY NOW at Swyftx's Secure Site

• 

  SwyftX

  • Crypto exchange based in Australia
  • Supports credit card buying
  • Easy to use interface

  BUY NOW at Swyftx's Secure Site

• 

  eToro

  • Start trading fast; high limits
  • Supports debit cards for USA
  • Your capital is at risk.

  BUY NOW at eToro's Secure Site

• 

  Luno

  • Best for Nigeria, South Africa, Indonesia, Malaysia
  • East to use interface
  • Trusted exchange

• 

  Bitpanda

  • Crypto exchange based in Europe
  • Buy bitcoin with card, SEPA, SOFORT
  • Trusted exchange

  BUY NOW at Bitpanda's Secure Site

• 

  Coinbase

  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • Best for USA, UK, Europe, Singapore, Australia, Canada

  BUY NOW at Coinbase's Secure Site

• 

  CoinSmart

  • Crypto exchange based in Canada
  • Very high buy and sell limits
  • Supports bank account, Interac, credit/debit

  BUY NOW at Coinsmart's Secure Site

• 

  Coinberry

  • Crypto exchange based in Canada
  • Very high buy and sell limits
  • Supports credit & debit card, Interac, wire

  BUY NOW at Coinberry's Secure Site

• 

  eToro

  • Supports Bitcoin, Ethereum & 15 other coins
  • Start trading fast; high limits
  • Your capital is at risk.

  BUY NOW at eToro's Secure Site

  This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

• 

  Coinmama

  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker

  BUY NOW at Coinmama's Secure Site

We suggest using the exchanges listed below or doing research before buying from any exchange.

Many exchanges are simply trying to steal your credit card information!

We do research on every exchange we list and are very careful not to include scam exchanges on our site.

Chapter 2

Credit/Debit Card Bitcoin Exchanges

Buy Now at Swyftx's Secure Site

Swyftx, established in 2017 and based in Australia, aims to make crypto buying super simple for beginners with an easy to understand user interface, great guides, fast chat support, and an app for every device.

They support deposits with credit card.

This is an ad. We may receive compensation when you use Swyftx. Please visit Swyftx for its exact pricing terms.

Pros

• fast chat and phone support
• 230 trading pairs
• multiple payment methods
• Supports automatic recurring purchases
• Instant verification

Cons

• ID verification required when depositing AUD

Buy Now

Buy Now at Swyftx's Secure Site

Swyftx, established in 2017 and targeted at New Zealand users, aims to make crypto buying super simple for beginners with an easy to understand user interface, great guides, fast chat support, and an app for every device.

They support deposits with credit card.

This is an ad. We may receive compensation when you use Swyftx. Please visit Swyftx for its exact pricing terms.

Pros

• fast chat and phone support
• 230 trading pairs
• multiple payment methods
• Supports automatic recurring purchases
• Instant verification

Cons

• ID verification required when depositing NZD

Buy Now

Buy Now at CoinSmart's Secure Site

CoinSmart is a Canadian exchange. It allows users to buy and sell Bitcoin and all major cryptocurrencies in Canada.

Customers can buy and sell bitcoin and ether using Interac e-Transfers, bank transfers, SWIFT, and credit/debit card. New users will receive $20 CAD in BTC once they deposit at least $100 CAD.

Pros

• Many payment methods accepted
• Many coins offered
• Fast verification

Cons

• Somewhat new company

Buy Now

Buy Now at Coinberry's Secure Site

Coinberry is a Canadian exchange. It allows users to buy and sell Bitcoin, Ethereum, Litecoin and other coins in Canada.

Customers can buy and sell bitcoin and ether using Interac e-Transfers, bank transfers, SWIFT, and credit/debit card.

Pros

• Many payment methods accepted
• Many coins offered
• Fast verification

Cons

• Only supports Canadian clients

Buy Now Read Review

Buy Now at Luno's Secure Site

Luno is a Bitcoin exchange aimed towards Nigeria. It offers 0% fees for market makers, meaning you can avoid fees if you place a buy order then wait for a seller to take it.

Luno also offers an Instant Buy feature.

Pros

• One of the most trusted Bitcoin exchanges in Asia
• Free deposits and low withdrawal fees
• Low fees; 0% for market makers and only 0% - 1% for market takers (depending on fiat currency)
• High to infinite limits for exchange, depending on verification level

Cons

• Only supports Bitcoin and Ethereum

Buy Now

Buy Now at Bits of Gold's Secure Site

Bits of Gold is a Bitcoin broker in Israel. You can buy Bitcoin directly from the company with bank transfer, cash, or credit card. The fees for buying with Bits of Gold are higher than Bit2c, but it is easier to use for first-time buyers. They also operate a Bitcoin ATM in Tel Aviv which requires no identification and charges a 5% fee.

Pros

• Clean interface makes it easy for first-time buyers
• No identity verification for amounts under 1000 ILS

Cons

• Not private since identity verification is required for amounts over 1000 ILS

Buy Now

Buy Now at eToro's Secure Site

eToro is a trading platform based in the United States. It supports Bitcoin, Ethereum, Litecoin, Dogecoin and many other coins.

Deposits can be made quickly via debit card, along with bank transfer or ACH. It also offers unique features like copy trading.

Limited time offer: Get $10 free once you trade $100 worth of cryptocurrency.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

Pros

• Supports debit cards in USA
• Trusted exchange that has been active in traditional finance
• Interface is clean and easy to use

Cons

• You cannot deposit cryptocurrency, but you can deposit with other payment methods

Buy Now Read Review

Chapter 3

Frequently Asked Questions

If you're still a bit confused, that's okay. Buying crypto is hard and that's why I built this site.

The FAQ section below should answer all of your remaining questions.

What risks are involved when buying bitcoins with credit card?

First of all, make sure the company you're buying for has a good reputation and is regulated. It's possible that sketchy companies selling bitcoins may be collecting card (credit card fraud) information and could possibly use your information to make fraud purchases with your card.

Some users have reported cash advanced fees, so be sure to understand how your CC company handles the purchase of bitcoins.

Can I Use my Debit Card to Buy Bitcoin on Bitcoin ATM?

At this time, no. Most Bitcoin ATMs accept cash only. However, you can use your debit card to get cash at a normal ATM, and then use the cash to buy bitcoin at an ATM.

What are the advantages and disadvantages?

Advantages	Disadvantages
Easiest ways to buy bitcoins	Hard to buy large amounts of bitcoins
Fastest way to buy bitcoins	Highest fees

Can I buy crypto with stolen credit card?

This is not possible since you won't pass ID verification. It's also illegal, so you should not do it or try.

Can I buy bitcoin with credit card anonymously?

This is illegal and you won't pass ID verification.

Can I buy bitcoin with a pre-paid debit card?

Most exchanges will not allow you to use a pre-paid debit card. To buy bitcoin with a pre-paid debit card you will have to exchange it locally using LocalBitcoins.

If the limits aren't high enough for me, can I buy bitcoins on multiple exchanges?

Yes, of course.

If, for example, CoinMama's limits are too little for you, you could buy $150 each week and also open a Coinbase account and buy an additional $150.

Is it risky giving up my ID in order to buy?

It depends 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.

One thing that Bitcoin exchanges have going for them is that because they are constantly under attack, they have some of the best security and protections in place to protect against the hacking of your personal info.

There is always risk with anything related to information online. Even Yahoo was hacked and information on 400 million accounts was stolen.

How do I determine the best way to buy?

The best way is to read through the description for each exchange. Make sure you find one that supports your country and has fees that you're okay with. You're also free to try multiple exchanges to see which you like using the best.

Buy Satoshis At These Exchanges:

Since satoshis are becoming a common unit to buy bitcoin, here are some exchanges where you can buy satoshis with credit card:

• Popular Exchanges

• 

  Bits of Gold

  • Crypto exchange based in Tel Aviv
  • Buy with card, cash or bank transfer
  • Supports Bitcoin & Ethereum

• 

  WazirX

  • Crypto exchange based in India
  • Deposit INR with IMPS & UPI
  • Low fees and many coins

• 

  eToro

  • Start trading fast; high limits
  • Easy way for newcomers to get bitcoins
  • Your capital is at risk.

• 

  Luno

  • Best for Nigeria, South Africa, Indonesia, Malaysia
  • East to use interface
  • Trusted exchange

• 

  Coinbase

  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • Best for USA, UK, Europe, Singapore, Australia, Canada

• 

  Coinberry

  • Crypto exchange based in Canada
  • Very high buy and sell limits
  • Supports credit & debit card, Interac, wire

• 

  Coinmama

  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker

• 

  Independent Reserve (AU/NZ)

  • Low fees with instant AUD deposits
  • EFT, POLi, Osko & SWIFT
  • Top cryptos, tax reports, local support & OTC desk

• 

  eToro

  • Supports Bitcoin, Ethereum & 15 other coins
  • Start trading fast; high limits
  • Your capital is at risk.

  This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

What Happened to VirWox?

VirWoX is no longer working.

For now, please try using our exchange finder to find an exchange.

Can you Buy Less than One Bitcoin?

Yes, it is possible to buy less than one bitcoin.

Each bitcoin is divisible to the 8th decimal place, meaning each bitcoin can be split into 100,000,000 pieces. Each unit of bitcoin, or 0.00000001 bitcoin, is called a satoshi.

When buying Bitcoin, you don't have to buy a full bitcoin and can easily buy less than one.

Most Bitcoin exchanges will let you specify the amount of fiat currency you want to spend and in exchange sell you the equivalent amount of Bitcoin. For example, if one bitcoin is worth $250, and you want to buy $125 worth of bitcoin, you'll receive 0.50 bitcoin–assuming there are no fees.

Vice-versa, most Bitcoin brokers also let you specify the amount of bitcoin you want and will charge you the equivalent in fiat. For example, if you want to buy 0.25 bitcoin and 1 bitcoin is $300, you'll be charged $75.

So, yes, it's 100% possible to buy less than one bitcoin. Companies like Coinbase will let you buy as little as $1 worth of bitcoin.

Should I leave my bitcoins on the exchange after I buy?

We really recommend storing any bitcoins you want to keep safe in a wallet you own. Many Bitcoin exchanges have been hacked and lost customer funds. If you don't want to fall victim to these hacks then the easiest way is to store your coins in a wallet you control.

Can you sell bitcoins?

Out of the exchanges we listed, CEX.io is the only one that allows you to sell bitcoins to your credit card.

Will the fees for buying bitcoins with debit card or credit card ever get lower?

Probably not. Payment processors like Visa, Mastercard and American Express charge their merchants very high transaction fees.

Card	Average Fee Charged to Merchant
Mastercard	1.55% - 2.6%
Visa	1.43% - 2.4%
Discover	1.56% - 2.3%
American Express	2.5% - 3.5%

Exchanges get charged EVEN higher rates than these since buyers are so likely to make chargebacks. After all, if someone steals your credit card, buying Bitcoin is about the best place to charge money to your card.

Credit card companies have to eat those fraudulent charges when you report the fraud. So they pass that cost to the exchanges who then pass it on to you - the buyer using the credit card to buy bitcoins. The fees could get lower if some exchange cuts a deal with a credit card processing company to get lower fees.

Can I buy other cryptocurrency using this method?

Depends on the exchange. Coinbase, for example, allows you to buy litecoins and Ethereum with credit card. Coinmama, on the other hand, supports Bitcoin, litecoin and Ethereum

Why are Fees so High when I Use Credit Card?

Credit Cards exist to make buying items fast and easy. When you use a credit card, you are actually borrowing money from the card issuer. Because you are not actually spending your money when you use a credit card, it means its very easy to cancel a charge or refuse to pay the balance off. Credit card companies tend to side with their customers over the merchant as well. Card companies also charge the merchant around 3% to process the payment.

For all of these reasons, accepting credit card purchases is quite expensive. Chargebacks, fees, and fraud all must be considered when accepting a credit card and that cost comes out in the form of an increased price for whatever you are buying.

This is especially difficult when the merchant is selling something like Bitcoin, because once you have it, the merchant cannot reverse the transaction to get it back.

Why do I have to buy bitcoins with credit card in order to buy other cryptocurrencies?

This is because most other cryptocurrencies are traded against Bitcoin. The liquidity for altcoins against the US dollar is often very poor. But on the other hand, the liquidity against BTC is usually very good. So it's easy to get other currencies once you have bitcoins, but not easy to get other currencies without having BTC first.

Did banks ban buying cryptocurrency with credit card?

In the USA, some banks are blocking users from buying cryptocurrency on credit. Debit cards appear to still be working. European users still appear to be able to buy crypto with a credit card. The US banks essentially felt as people were getting a cash advance since crypto is usable instantly and is basically like cash.

On June 11, 2018 there were reports that Wells Fargo blocked all its customers credit cards from buying BTC.

At that time, most credit cards had already been blocked by Visa and Mastercard from buying bitcoins as well. But, Wells Fargo said they may allow purchases of cryptocurrency again down the line.

Chapter 4

Tutorials: Buy Bitcoin in Less than 5 Minutes

Coinbase lets you buy bitcoins instantly with a credit card or debit card. Here are step-by-step instructions to help make the buying process easier for you.

First select "Get Started" on the top left of Coinbase.com.

Then fill in your info at the signup form and select "Create Account".

Once you create an account, confirm your personal details and login. You may be asked to upload a scan of ID. Once you've logged in, continue to the next step.

Navigate to the top right corner and click on your name. There should be a drop-down menu where you can click "Settings". Then click "Payment Methods" on the menu at the top and you should see something that looks like this:

Click on "Add Payment Method" in the right corner.

Note that Coinbase only accepts Visa and Mastercard credit/debit cards at this time.

You should see a confirmation like the one below. If so, your credit/debit card has been successfully added!

Go to the buy page and you should see a widget that looks like the image below:

Enter the amount you want to buy, and click "Buy Bitcoin Instantly". Your coins will then be delivered to your Coinbase wallet!

This section will show you how to buy using CoinMama. (PS: you can also check out our CoinMama review!)

Once you create your account and verify your email address, you can begin following the steps below:

Enter all of your personal details in the fields above and save them.

You can use credit/debit card, SWIFT, SEPA (Europe only) or Faster Payments (UK only).

You can also buy other coins.

The bitcoins will be sent here once your payment has been completed.

Enter your credit or debit card information.

BitPanda Tutorial (Credit Card/Debit Card)

This section will show you how to buy using BitPanda. (PS: you can also check out our BitPanda review!)

Once you create your account and verify your email address, you can begin following the steps below:

Login to your account and click "Buy" in the top menu bar. You will now see a page like below. Select "Visa/Mastercard" since you want to buy with your credit or debit card. Also, enter the amount of euro you want to spend or amount of BTC you want to buy:

Now confirm that you want to buy with credit/debit. (Note that only 3d-Secure Mastercard and verified by Visa cards are allowed. If you don't have one of these try CoinMama or Coinbase).

Now you need to confirm that the amount you entered before is indeed the amount you want to buy. Also, you confirm that you agree to BitPanda's exchange rate. In the "the Current Price" field you can also see the exchange rate you are getting. It will likely be 3-4% above the market rate since BitPanda's fees are included in the exchange rate.

Note, you only have 60 seconds to lock in your exchange rate and confirm!

Now you will have to verify via SMS or a phone call:

Enter the PIN code you received via SMS or phone call:

If you verified successfully, you can now click "Click here to start the payment process". Make sure you note the 10 minute time--you have this amount of time to complete your order.

On this page you enter your credit card details through mPAY24. One you enter your card information press "Bezahlen":

That's it! Now in your BitPanda account you can check your "History" tab to view the trade details.

You should now withdraw the bitcoins you bought to your wallet.

Please note that fees are approximate and may vary based on your country or purchase size.

Chapter 5

Theft, Scams, and Storage

If you get one thing from this article let it be this:

Don't store your bitcoins on exchanges!!!

I've been buying bitcoins for more than three years. I've never lost any money to scams or thefts. Follow the guidelines in this article and you'll be able to do the same.

Here are two examples where users got screwed by leaving bitcoins on exchanges:

• Bitfinex hack where users lost $70 million
• Mt Gox where users lost $450 million or more

And there are many more I could list.

Make sure you get yourself a Bitcoin wallet that will securely store your bitcoins.

Besides storage, there are many scam exchanges out to steal your credit card information and/or bitcoins.

Following these two basic principles should help you avoid theft, scams, and any other loss of funds:

1. Do research before buying on any exchange. Check reviews, ratings, and regulation information.
2. Don't store coins on the exchange. Already mentioned above but worth repeating.

Secure Bitcoin Hardware Wallets:

What To Do With Bitcoin After You Buy It

Buying Bitcoin is becoming easy. If you are an institutional buyer, the CBOE and CME offer options arrangements to buy Bitcoin. Additionally, there are endless points of sale and even ATM machines where you can buy Bitcoin. On the other hand, as an individual buyer, all you need to have is money and access to any of the platform that offers Bitcoin for sale such as Crypto Exchanges, financial institutions, etc. Once you buy Bitcoin, you use the BTC for the following:

Bitcoin Buying Options

Bitcoin continues to be an ultimate investment choice due to the immense probabilities of gains. The options for buying the leading cryptocurrency are diverse:

Credit Transactions

Although most Banks do not authorize the use of credit cards to buy Bitcoins, some credit card providers whose sole business is to offer credit are flexible and offer the service. If you are considering using your credit card to acquire Bitcoins, you can follow the steps below:

• Find the Best Bitcoin Marketplace such as Coinbase, Coinmama, Bitpanda, etc.

• Sign up an account

• Connect to your credit card

• Trade your local currency in the card

• Transfer the Bitcoin into a secure wallet

The credit card transactions, however, attract fees that average 3.75% that is considerably expensive. Moreover, the credit purchase can be considered as cash advances that may attract higher fees making the transaction expensive. However, the credit card can increase the credit line if the exchange is considered as a purchase to enable you to spend more on Bitcoin exchange.

Debit Card Transactions

The protocol for debit card transactions in Bitcoin purchases is almost similar to credit card transactions. The steps are the same, as you have to open an account in your preferred exchange and follow the process as outlined under credit card transactions. The only difference is that you are to select the debit card option as opposed to credit card selection.

Under this category, the fees are usually lower than on credit cards. The only major hurdle is that your bank may not be allowing Bitcoin transactions due to regulatory or precautionary measures that are being adopted in almost all countries in the world.

Cash Solutions

There is a Bitcoin ATM that offers one-stop solutions to people with cash who want to buy Bitcoin or other cryptocurrencies. The machines are places in people's businesses, malls or high traffic areas that accessible to the public.

However, a prerequisite for buying BTC is that you have to have a wallet from which you can directly deposit the BTC after the cash purchase. The machine is convenient, easy to use, and safe as the risk of being scammed is almost zero. The safety factor is underpinned d y the fact that the machines operate under KYC regulations as per the jurisdiction of operation.

Online Money Transactions

Online money is different from digital cash. The difference is that online money is fiat money denoted by online codes such as numbers, etc. On the other hand, the digital cash represents tokens such as Bitcoin, Ethereum, etc. that are generated through mining, in addition to being decentralized and supporting private transactions. In this regard, the option for online money in Bitcoin transaction is possible through various platforms.

How to Buy Bitcoin With a Debit Card

Source: https://www.buybitcoinworldwide.com/credit-debit-card/

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