How to buy Bitcoin with credit card in 2022

Using a credit card is one of the easiest ways to buy Bitcoin. This guide explains everything you need to know about buying Bitcoin with a credit card
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Updated: Sep 22, 2022
Tip: our preferred broker is, eToro: visit & create account

Most cryptocurrency exchanges and brokers now accept credit cards as a payment method to fund your account. Using one to buy Bitcoin is as easy as buying a cup of coffee and transactions go through instantly. This handy guide compares the best brokers that accept credit cards. 

Can you buy BTC with a credit card?

Yes it is very easy to buy Bitcoin with a credit card. Most brokers and exchanges accept credit cards as a form of payment. All you need to do is sign up and deposit funds using your credit card and then use the money to buy Bitcoin. 

Where can you buy Bitcoin using a credit card?

Any of the platforms below will let you use a credit card to buy Bitcoin. Our cryptocurrency experts searched the market and selected the best platforms that offer Bitcoin. Click on any of the links below to sign up and get started in minutes.

1
Min. Deposit
$ 1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
Credit Card, Debit Card, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money
Full Regulations:
2
Min. Deposit
$ 50
Promotion
User Score
10
Safe & Secure cryptocurrency exchange
Impressive limits
Liquidity Accepted in over 200 countries
Start Trading
Payment Methods:
Credit Card, Google Pay
Full Regulations:
3
Min. Deposit
$ 1
Promotion
User Score
9.5
200+ trading instruments, including currency pairs, stocks, metals, indices, commodities and cryptocurrencies
More than 70 cryptos available
Variety of ways to deposit and withdraw money
Start Trading
Payment Methods:
BPAY, Bank Wire, Bitcoin, Boleto, CartaSi, Carte Bleue, China UnionPay, Credit Card, Dankort, Debit Card, Giropay, Ideal, MoneyGram, POLi, Paxum, PayCo, Przelewy24, Sofort, Trustly, Western Union, ePay bg, ePayments Transfer, neteller, postepay, skrill
Full Regulations:

How to buy Bitcoin with credit card – a step-by-step guide

Using a credit card to fund your brokerage or exchange account is very easy. Follow the steps below to use a credit card to buy Bitcoin:

  1. Register for a credit card. Getting a credit card will be the first step you need to complete. You will need a bank account or financial service that offers credit cards. Sometimes a credit card application can take a while to process so bear that in mind. 
  2. Sign up with a broker. Once you have your credit card you’ll need to find a broker and sign up. You can use the comparison table above for suggestions. Signing up is quick and easy but you may need to provide some ID during the process. 
  3. Decide how much to deposit. The crypto market can be quite volatile at times so its not a good idea to put all of your money into Bitcoin. It is recommended to allocate a small portion of your portfolio to high risk assets like crypto. 
  4. Make your deposit. Sign into your brokerage account and head over to the payments page. Here you can select ‘deposit’ and choose credit card as your payment option. Next enter the amount you want to deposit and hit the button. 
  5. Search for Bitcoin. You will need to go to the Bitcoin trading page before you can buy it. All you have to do is type in Bitcoin or BTC in your brokers search bar. You’ll then go to its page where you can see its price and option to buy. 
  6. Execute your trade. If you’re happy with its current price simply enter the amount you want to purchase and click buy. Your trade will be executed immediately and the Bitcoin you own will now show in your broker account.

Top platforms that accept credit card 

Here are the best brokers or exchanges that accept credit card as a way to buy Bitcoin:

1. eToro

eToro is one of the biggest brokers in the world. Its simple to use platform makes it easy to deposit with a credit card. Buying Bitcoin on eToro is very quick and can be completed in just a few clicks. Once you have registered an account click the deposit button and select credit card. Once you have deposited funds, use the search bar to find BTC and you’ll be able to complete your trade. 

The platform is great for beginners and advanced users alike. Beginners can make use of its social trading tools which includes a copy trade function. Experienced users can access leverage and access a range of other assets. When using a credit card to buy Bitcoin on eToro you’ll pay a 1% crypto transaction fee, no deposit fees, and $5 per withdrawal. 

Sign up with eToro now >

68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money 

2. Coinbase

Coinbase is a cryptocurrency exchange and you can use a credit card to quickly buy Bitcoin. Its platform is very beginner friendly, as is the process of buying any of the coins it has available. Once you have signed up you just need to go to the payments page and select credit card. Next fill in your card information and go to the Bitcoin buy/sell page 

As long as your credit card supports 3D secure you will be able to directly buy Bitcoin without having to deposit funds into your Coinbase account or waiting for your bank to process the transaction. Coinbase has lots of crypto coins available and you can follow the same process to buy any of them with your credit card. 

Sign up with Coinbase now >

3. Binance

Biance is another cryptocurrency exchange that lets you buy Bitcoin using a credit card. Similar to Coinbase above, the process is quick and easy: When you are logged into your account click the ‘buy crypto’ button and select credit card. After filling in your card information the platform will automatically let you know how much Bitcoin you can buy. 

If you’re happy with the price you can confirm the order and it will be executed. One benefit of using BInance is you can set up recurring payments on your credit card. This is especially useful if you want to dollar cost average your portfolio. You can select regular intervals at which to buy BTC on your credit card so you don’t need to continuously check back. 

Sign up with Binance >

Should I use a credit card to buy Bitcoin?

A credit card is a quick way to buy Bitcoin and using one is familiar to many people. Transactions are processed almost instantly so there is no need to wait for your bank, which can take a few days. Credit cards also come with added protection depending on what provider you use. 

On the flip side, when using a credit card to buy Bitcoin you’ll give up your anonymity as you’ll need to provide your contact information. Credit cards also attract higher fees which can quickly add up if you make lots of transactions. When buying Bitcoin, there are other payment methods available which may be less expensive than a credit card. 

WHether or not you use one comes down to your own preferences and what is important to you. If you want a speedy transaction with the potential for added protection then a credit card is the way to go. If you want lower fees and are happy to wait a little longer than a different payment method could be better. 

What are the fees for buying BTC with a credit card?

Each platform will have a different fee structure so it will vary depending on what broker or exchange you use. Credit card fees can range from 0% to above 2% of your total deposit amount. You’ll also have other costs when buying bitcoin like commissions, transaction fees, and even withdrawal fees. 

Alternative payment methods

You can buy Bitcoin with a wide range of different payment methods. Alongside using a credit card, debit cards offer the same speed and convenience. You can also use a bank transfer or third party apps like PayPal, GooglePay, or Payoneer among many others.

FAQs

Can you buy other cryptocurrencies using a credit card?
Can I convert bitcoins back to my credit card?
What are the risks involved when using credit cards?
Can I buy anonymously with no ID using a credit card?
What’s the fastest way to buy bitcoin?
What are the fees for transactions?
What are the fees for depositing funds using a credit card?
What are the fees for withdrawing funds to a credit card?

Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.