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Last Update March 15th, 2020. Buying bitcoin was once very difficult to achieve without the fear of scams or hackers.

Nowadays, bitcoin can be purchased instantly from the comfort of your room or while traveling on a smartphone through a reliable exchange.

Buying bitcoin with debit card or credit card is simple. Let’s look at some options.

The most popular exchanges for buying bitcoin using debit card or credit card are Coinbase, CEX.IO and Coinmama because they have the lowest fees, fastest processing times and tightest security. These exchanges have streamlined the bitcoin buying process so it is not only secure but also simple and instant.

Popular Exchanges To Buy Bitcoin With Debit Card Or Credit Card

 
Company
Fees
Countries Supported
Coinbase Icon Resized
Coinbase

3.99%102 countries (see full list)
CEX IO Icon Resized
CEX.IO


2.99%Worldwide
Coinmama Icon Resized
Coinmama


5.00%Worldwide
Buy Bitcoin With Credit Card

Table of Contents

The Ultimate Guide To Buying Bitcoin With Debit Card Or Credit Card Instantly

Bitcoin Logo

Buying bitcoin may seem intimidating but it’s actually very simple.

Every newcomer to bitcoin should know where they can buy bitcoin and how to do it.

In this guide, we streamline how you can buy bitcoin with a debit card or credit card from any exchange with simple, step-by-step instructions.

Why Buy Bitcoin With Debit Card

A debit card uses funds directly from a bank account with money owned by you.

Advantages

  • Convenience
  • Speed
  • Security

Disadvantages

  • Identity verification
  • High fees

Note: Be sure to find a bitcoin-friendly bank that will let you buy bitcoin with a debit card or credit card smoothly. Banks that allow the purchase of bitcoin with a debit card include: Ally Bank, Simple Bank, USAA, and Goldman Sachs.

A Step-By-Step Guide To Buying Bitcoins With Debit Card Or Credit Card Using Coinbase

Buy Bitcoin With Debit Card

Step 1: Create a Coinbase account.

Step 2: Add a debit card or credit card as your payment method.

Step 3: Go to Bitcoin and select the amount you want to buy.

The process for buying bitcoin with credit card is the same as buying bitcoin with debit card although a credit card must be verified by your credit card issuer before the transaction can go through.

We suggest choosing an exchange listed below or doing your own research before buying from any exchange. We have carefully researched and tested every exchange on this list to help you avoid being scammed.


10 Ways To Buy Bitcoin With Debit Card Or Credit Card Instantly

The following are digital currency exchanges for purchasing bitcoin with a debit card or credit card instantly and securely.

Our top recommended exchanges are Coinbase, CEX.IO, and Coinmama due to their excellent reputation, low fees, strict security and fast processing times.

Coinbase

Coinbase Company Official Logo

Rating:

Website:coinbase.com
CEO:Brian Armstrong
Headquarters:San Francisco, California
Founders:Brian Armstrong, Fred Ehrsam
Founded:2012
Customer service:Knowledge Base
More information:Read Review

Coinbase is one of the most well-known bitcoin exchanges in the marketplace. The user interface is both colorful and accessible and there is even a mobile app available for Android and iOS.

Pros

  • Established reputation
  • User-friendly interface
  • High liquidity
  • Large purchasing limits
  • Ability to buy bitcoin instantly with a debit card
  • Accessibility (iOS and Android versions are available as well)
  • Strong security

Cons

  • Support takes time to respond
  • Slow bank transfers
  • Coinbase may monitor how and where you spend your bitcoins

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Coinbase Icon

Out of all the exchanges, Coinbase is probably the most accessible and beginner-friendly as they have the backing of a large number of venture capital investors.

As an exchange, Coinbase is very serious about its security and keeps less than 2% of customer funds online and the rest in offline storage. If you are a United States resident, up to $250,000 worth of your cryptocurrency stored on the Coinbase servers is protected by FDIC insurance.

With a Visa or Mastercard debit card, users are able to purchase bitcoin in small amounts and withdraw using a bank account, wire transfer or PayPal. There is no deposit fee charged by Coinbase to move currency onto its platform, so it works well as a wallet too.

Coinbase Pro is a subsidiary of Coinbase. Coinbase Pro gives users access to a simplified coin exchange system for individuals who are comfortable with trading cryptocurrency.

Coinbase Homepage

Supported Countries

Coinbase is available on 6 continents and on over 100 countries around the world (see full list).

Fees And Limits

Coinbase charges a fee of 3.99 percent for bitcoin purchases with debit card.

You are permitted to purchase different digital currencies from the platform daily, depending on your account verification level. New users are able to purchase $250 a week with a debit card. At the highest tier of verification, $50,000 is the purchase limit.

The bitcoin network miner fee for transactions and exchanges is minimal.

How To Buy Bitcoin With Debit Card Or Credit Card On Coinbase

Step 1: Create an account and confirm your email.

Coinbase - Sign Up

Step 2: Enter your phone number. Coinbase will send you a code. You will then be requested to type in that code to verify your phone number. From this point forward your phone number is used to secure your account with Two-Factor Authentication (2FA).

Coinbase - Set Up Two Factor Authentication

Step 3: Verify your identity.

Coinbase - Verify Your Identity

Step 4: Once your account is verified, go to your settings and ‘Link a New Account’.

Coinbase - Link A New Account

Step 5: Choose debit card as a payment method and enter your card details.

Coinbase - Add A Payment Method

Step 6: Enter a $ amount or BTC amount for how much bitcoin you would like to purchase. Tap on ‘Buy Bitcoin Instantly’.

Coinbase - Buy And Sell Bitcoin In $ Or BTC

Step 7: Your purchased bitcoins are added to your wallet instantly on Coinbase.


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CEX IO

CEX IO Bitcoin Exchange Platform

Rating:

Website:cex.io
CEO:Oleksandr Lutskevych
Headquarters:London, United Kingdom
Founders:Oleksandr Lutskevych, Dmytro Kalynovskyi, Victoria Polyakova, Peter Ivanov
Founded:2013
Customer service:Knowledge Base
More information:Read Review

CEX.IO is a multifunctional cryptocurrency exchange that is trusted by millions of users worldwide and allows users to buy bitcoin with a credit card seamlessly. CEX.IO boasts multiple payment options, 24/7 customer support, and proven platform stability. 

Pros

  • Established and trustworthy
  • Supported worldwide
  • Low fees (2.99%)
  • Simple credit card purchases
  • Clean user interface

Cons

  • Verification procedure requires private information
  • Lengthy verification time

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

CEX IO icon

CEX.IO is one of the best options for buying bitcoin with your debit card or credit card. CEX.IO has been in operation since 2013 and is based in London, United Kingdom.

CEX.IO gives customers the ability to purchase bitcoin using different currencies including Dollars (USD), Rubies (RUB), Euros (EUR), and Pounds Sterling (GBP) and has six coins listed on its platform including Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, and Bitcoin Gold.

With over 2 million users, CEX.IO offers a high level of security, a good liquidity policy, and cross-platform trading through its website and mobile app (available on both iOS and Android).

The verification process of CEX.IO is quite extensive and requires about thirty minutes to complete.

CEX IO Homepage

Supported Countries

CEX.IO is present in about 95 percent of countries around the globe. Residents of Afghanistan, Bosnia and Herzegovina, Bangladesh, Bolivia, Burundi, Democratic Republic of the Congo, Central African Republic, Cuba, Algeria, Ecuador, Ethiopia, Iraq, Iran, Iceland, Cambodia, North Korea, Laos, Lebanon, Libya, Morocco, Nepal, Pakistan, Somalia, South Sudan, Sudan, Syria, Uganda, Vietnam, Vanuatu, Yemen, and Zimbabwe may not be able to pay by card.

Fees And Limits

CEX.IO charges a fee of 2.99 percent for debit card purchases. Additionally, there is a fee of 2.99 percent when you sell your bitcoin using your debit card.

There is a limit to how much bitcoin you can buy on CEX.IO. The minimum purchase amount is $20. The daily purchase limit is $1000. The weekly purchase limit is $3000. These limits are, however, for basic members. You can submit further verification if you would like to increase your daily maximum deposit and withdrawal limits.

Fully verified users of the platform have the opportunity to purchase as much as they can afford.

How To Buy Bitcoin With Debit Card Or Credit Card On CEX.IO

Step 1: Create an account. Check your email to confirm your account.

CEX IO - Sign Up

Step 2: Go to the ‘Cards’ tab on the menu. Click on ‘Add new card’.

CEX.IO Add A Debit Card

Step 3: Enter your debit card information. CEX.IO accepts both Visa and MasterCard. Click proceed.

CEX.IO Enter Card Information

Step 4: You will need to verify your card and identity with a selfie.

CEX.IO Selfie And Identity Verification

Step 5: Once your card is successfully verified you can deposit funds or purchase bitcoin directly.

CEX IO - Manage Payment Cards

Step 6: Go to the buy/sell tab or your payment card and make sure ‘payment card’ is the payment method. Enter the amount you would like to deposit or purchase.

CEX.IO Payment Methods

Step 7: You will then be asked to confirm your payment method and 3-4 digit CVV/CVC code. Place the order.

CEX.IO 3 Digit CVV/CVC Code Verification Step

Step 8: After the order is placed you have officially deposited cash or purchased bitcoin instantly on CEX.IO.


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Coinmama

Coinmama Logo

Rating

Website:coinmama.com
CEO:Asaph Schulman
Headquarters:Bratislava, Slovakia
Founders:Asaph Schulman, Nimrod Gruber, Martin Koelbaek, Guy Ben-Yossef, Yaki Oliel
Founded:2013
Customer service:Knowledge Base
More information:Read Review

Coinmama specializes in selling Bitcoin and Ethereum for Visa and MasterCard credit card and debit card purchases and is one of the most popular exchanges in the world.

Pros

  • Available worldwide
  • High purchasing limits
  • Dependable and trustworthy
  • Excellent leadership and customer support
  • Fast and secure transactions

Cons

  • High fees when purchasing with a credit card or debit card
  • Delay in processing time

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Coinmama Icon

Coinmama is a bitcoin exchange that specializes in the purchase of bitcoin with either a debit card or credit card. Coinmama has been in operation since 2013 and is based in Bratislava, Slovakia.

Coinmama has an easy to use interface and is an excellent digital exchange for purchasing bitcoin. Different packages are offered on Coinmama for buying bitcoin. You are also allowed to specify the amount of bitcoin you want to purchase.

Coinmama does not provide you with a digital wallet to store your purchased Bitcoin. If you also want to store the Bitcoin you bought, the exchange will ask for a wallet address. We recommend using a cold wallet for the wallet address, but ultimately the choice is yours to make.

Once you have verified your account and your purchase is carried out, you will receive your bitcoins in minutes. The Coinmama platform has an excellent customer service program should you have any questions.

Overall, Coinmama is a reputable and secure platform for getting started with purchasing bitcoin with a debit card or credit card.

Coinmama Homepage

Supported Countries

Coinmama is supported in over 190 countries and is constantly adding more.

Fees And Limits

This digital currency exchange charges a 5 percent fee for credit card and debit card purchases.

Coinmama has a higher purchasing limit than most exchanges as well as instant delivery. You can buy $5,000 worth of cryptocurrency per day and $20,000 of cryptocurrency per month on the exchange. Coinmama has a minimum purchasing limit of $60.

How To Buy Bitcoin With Debit Card Or Credit Card On Coinmama

Step 1: Create an account on the platform using your email, name, and country of residence. Check your email for account verification.

Coinmama - Sign Up

Step 2: Verify your identity. A driver’s license, state ID or passport is required.

Coinmama - Verification - Enter Your Personal Details

Step 3: Click on the ‘Bitcoin’ button on the menu to proceed to the purchase screen.

Coinmama - Bitcoin Purchase Menu

Step 4: Various packages will be displayed. Choose your preferred plan or enter your desired amount of bitcoin in $ or BTC.

Coinmama - Bitcoin Packages

Step 5: Enter your wallet address to receive bitcoin.

Coinmama - Enter Your Wallet Address

Step 6: Enter your card information. Click ‘Pay Now’ when you are finished.

Coinmama - Enter Your Card Information

Step 7: Congratulations! You have officially purchased bitcoin on Coinmama.


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Bitit

BitIt Logo

Rating:

Website:bitit.io
CEO:Nicolas Katan
Headquarters:Paris, France
Founders:Nicolas Katan, Ugo Mare, Simon Potier
Founded:2015
Customer service:Knowledge Base

In operation since 2015, Bitit is developed, hosted and regulated in Paris, France. BitIt is one of the most convenient platforms for buying and selling crypto-assets.

Pros

  • Supports many currencies
  • Large selection of cryptocurrencies
  • High purchasing limits
  • Ledger and Trezor wallet support

Cons

  • Lengthy verification

ReputationFeesPrivacyLimits
GreatHighHighHigh

Bitit Icon

BitIt has been in operation since 2015 and is developed, hosted and regulated in Paris, France. BitIt is one of the most convenient platforms for buying and selling crypto-assets. Through its simple and intuitive e-commerce platform, users are able to acquire cryptocurrencies in minutes.

BitIt enforces the highest security standards for the protection of your data. Users can buy bitcoin on this platform using multiple payment methods including credit card or debit card. The app supports Visa, American Express, Maestro, and MasterCard.

To get started with buying bitcoin on BitIt you will need to provide a form of identity verification, proof of residency, current bank statement, and a selfie of you holding your credit card or debit card.

BitIt Homepage

Supported Countries

BitIt is available in more than 50 countries around the world (see full list).

Fees And Limits

BitIt supports a multitude of currencies including EUR, USD, JPY, DKK, GBP, SEK, NOK, TRY, AUD, CAD, CNY, HKD, KRW, SGD, and ZAR. Credit card and debit card transactions incur a transaction fee of 3.9%.

Once you are verified, you can buy up to 1500€ of bitcoin per week using your credit card or debit card. The deposit fee is 0.15% with a minimum fee of 3€.

The minimum sell amount is 50€ and the maximum sell amount is unlimited.

How To Buy Bitcoin With Debit Card Or Credit Card On BitIt

Step 1: Create an account.

BitIt - Sign Up - Create An Account

Step 2: Fill in the required profile information.

BitIt - Account Profile

Step 3: Verify your identity by uploading a driver’s license, passport or state ID.

BitIt - Identity Verification

Step 4: Head over to the ‘Buy’ tab and pick ‘Bitcoin’ as your crypto. Select ‘Credit/Debit Card’ as your payment method. Choose the amount you would like to purchase in $ or BTC. Lastly, select a wallet address to send the bitcoin to. If you have a Ledger or Trezor hardware wallet, you can connect them here for instant processing. Proceed to payment.

BitIt - Buy Bitcoin With Debit Card

Step 5: Enter your card details. Finalize your order.

BitIt - Enter Card Details

Step 6: You have successfully purchased bitcoin on BitIt.


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Changelly

Changelly Exchange Logo

Rating:

Website:changelly.com
CEO:Eric Benz
Headquarters:Malta, European Union
Founders:Konstantin Gladych, Ilya Bere
Founded:2015
Customer service:Knowledge Base
More information:Read Review

Changelly is an instant cryptocurrency exchange which supplies the best live rates on the market for every pair. The interface is colorful and simple to manage, and transactions are performed instantly.

Pros

  • Fast
  • Private
  • Low fees
  • High exchange limits
  • 24/7 live chat support

Cons

  • Limited payment methods

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Changelly Exchange Icon

Changelly is an instant cryptocurrency exchange with over 2 million users and is one of the most accessible exchanges for trading between cryptocurrencies. On Changelly, you also have the option of buying bitcoin with a bank card. Changelly has been in operation since 2013 and is based in Malta, European Union.

To give its customers the best rate, Changelly makes bids and asks from different cryptocurrency exchange platforms including Binance, Poloniex, and Bittrex then selects and suggests the best available rate. Changelly accepts fiat currencies in USD, EUR, and GBP and provides safe and fast transactions without revealing user identities.

The service requires an email address to create an account. Alternatively, you can create an account using an existing Twitter or Facebook profile.

Changelly Homepage

Supported Countries

Changelly can be used from any country, however, transactions must be in either USD, GBP or EUR.

Fees And Limits

Changelly charges a 0.25% service fee along with the bitcoin network fee for exchanges. Simplex charges a 5% processing fee for credit card and debit card fiat to crypto purchases.

Changelly has a minimum purchasing limit of $50 if paying with a debit card or credit card. The daily purchasing limit is 20,000 USD and the monthly purchasing limit is 50,000 USD.

How To Buy Bitcoin With Debit Card Or Credit Card On Changelly

Step 1: Create an account. Check your email to verify your account.

Changelly - Sign Up

Step 2: From the homepage select ‘Buy Crypto’. Choose the crypto pair you would like to exchange. In this case, we will select USD/BTC as the exchange pair. Enter the amount you would like to purchase either in USD or BTC.

Changelly - Choose Payment Method In USD or BTC

Step 3: Select ‘Pay With Visa/Mastercard’.

Changelly - Pay With Your Bank Card

Step 4: Enter a destination bitcoin wallet address.

Changelly - Select Bitcoin Wallet Address

Step 5: From here you will be brought to a Simplex checkout screen. Enter your card details. Pay now.

Changelly Simplex Checkout Screen

Step 6: You have now successfully purchased bitcoin on Changelly.


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BitPanda

BitPanda Logo

Rating:

Website:bitpanda.com
CEO:Eric Demuth
Headquarters:Vienna, Austria
Founders:Christian Trummer, Eric Demuth, Paul Klanschek
Founded:2014
Customer service:Knowledge Base

BitPanda has been in operation since 2013 and is based in Vienna, Austria. The BitPanda platform is straightforward and easy to use for beginners.

Pros

  • Low fees
  • Multiple payment methods
  • Easy verification process
  • Dependable and trustworthy

Cons

  • Available to European countries only

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

BitPanda Icon

BitPanda has been in operation since 2013 and is based in Vienna, Austria. This digital currency exchange is distinct from other exchanges due to the presence of many different payment methods on its platform. BitPanda has competitive fees and only sells cryptocurrency to a limited number of countries.

BitPanda offers fiat deposits in Euros (EUR), Dollars (USD), British Pounds (GBP) and Swiss Francs (CHF) using a variety of payment methods including Visa or Mastercard debit card, Zimpler or bank transfer (SEPA).

The BitPanda platform is straightforward and easy to use for beginners.

BitPanda Homepage

Supported Countries

BitPanda is supported in 54 countries (USA and China are not included due to regulatory reasons). BitPanda is Europe’s leading cryptocurrency platform.

Fees And Limits

Purchases, sales, and transactions are processed in real-time. BitPanda charges a 1.49 percent fee for every cryptocurrency purchase and a 1.29 percent fee for every sale.

With a debit card or credit card, BitPanda users are able to deposit 2.500,00 EUR daily and 300.000,00 EUR monthly. BitPanda users have an unlimited trading limit.

How To Buy Bitcoin With Debit Card Or Credit Card On BitPanda

Step 1: Create an account on BitPanda.

BitPanda - Create An Account

Step 2: Verify your profile and link your debit card.

Step 3: Select the cryptocurrency you want to purchase. In this case select Bitcoin.

BitPanda - Choose Cryptocurrency To Purchase

Step 4: Select ‘BTC Buy’.

BitPanda - BTC Buy

Step 5: Choose your preferred method of payment. In this case, we will pay with a debit card in Euros.

BitPanda - Choose Payment Method

Step 6: Select the amount you want to buy in Euros or BTC.

BitPanda - Select The Amount Or The Value Of Bitcoin You Would Like To Buy

Step 7: Accept the terms of purchase by clicking on ‘Summary’.

BitPanda - Accept Purchase Terms And Buy Now

Step 8: Finally, click on ‘Buy now’ to purchase bitcoin instantly on BitPanda.


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Luno

Luno Logo
Rating:

Website:luno.com
CEO:Marcus Swanepoel
Headquarters:London, United Kingdom
Founders:Carel van Wyk, Marcus Swanepoel, Pieter Heyns, Timothy Stranex
Founded:2013
Customer service:Knowledge Base

In operation since 2013, the Luno platform enables users who reside in Europe the ability to buy bitcoin using bank transfer, debit card or credit card after depositing funds.

Pros

  • Trusted throughout Europe
  • Strict security
  • Free deposits

Cons

  • Withdrawal fees

ReputationFeesPrivacyLimits
GreatLowHighHigh

Luno Icon

Luno has been in operation since 2013 and is based in London, United Kingdom. The Luno platform enables users who reside in Europe the ability to buy bitcoin using bank transfer, debit card or credit card after depositing funds. Users can place buy and sell limit orders to trade cryptocurrency at desired price points. Compared to most exchanges, Luno has relatively low fees due to the use of a maker/taker fee schedule.

Luno enforces first-class security policies and adheres to strict internal security practices. Upon signing up, the Luno exchange automatically enables 2-Factor Authentication (2FA) for enhanced security.

Luno Homepage

Supported Countries

Luno is based in Europe and supports the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Greece, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Italy, Jersey, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, and United Kingdom

Fees And Limits

Users are able to add up to 2 cards on their Luno account.

Deposits are free. With a debit card, you can deposit up to EUR 1,000 per transaction with a monthly card deposit limit of EUR 5,000. After you reach your limit you are still able to make deposits using other payment methods.

Depending on your verification level and country of residence, each trade will incur a taker fee of between 0.15% to 1.00%.

Withdrawals can be performed only using bank transfer and incur a fee the amount of which depends on the country you live in.

How To Buy Bitcoin With Debit Card Or Credit Card On Luno

Step 1: Create an account.

Luno Wallet - Sign Up

Step 2: Verify your identity.

Luno Wallet - Verify Your Identity

Step 3: Select your payment method and enter your card details.

Step 4: Choose how much bitcoin you would like to purchase. Place your order.

Luno Wallet - Buy Bitcoin

Step 5: You have now purchased bitcoin on Luno.


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Bitstamp

Bitstamp Logo

Rating:

Website:bitstamp.net
CEO:Nejc Kodrič
Headquarters:London, United Kingdom; Luxembourg
Founders:Nejc Kodrič, Damijan Merlak
Founded:2011
Customer service:Knowledge Base

Bitstamp is a bitcoin marketplace based in the European Union and has been around since 2011. Bitstamp offers clients 24/7 support and a multilanguage interface that can be used by everyone around the world.

Pros

  • Supported globally
  • High-level security
  • Affordable transaction fees
  • Reliable customer support

Cons

  • Few payment methods
  • High deposit fees

ReputationFeesPrivacyLimits
GreatLowHighHigh

Bitstamp Icon

Bitstamp has been in operation since 2011 and is based in Luxembourg. Bitstamp accepts fiat and cryptocurrency deposits and withdrawals through a simple interface. Buying bitcoin using a credit card or debit card is made simple with the Bitstamp crypto exchange.

Bitstamp has advanced trading tools for both beginners and advanced traders. In addition, Bitstamp provides 24/7 support to all customers worldwide by phone or email.

The Bitstamp app can also be found on both iOS and Android platforms.

Bitstamp Homepage

Supported Countries

Aside from the EU-28, Bitstamp supports close to an additional 50 countries.

Fees And Limits

Bitstamp does not charge any fees for deposits through SEPA bank transfer, while withdrawals incur a $3 fee.

Credit card and debit card purchases incur a 5% fee.

With a debit card or credit card, Bitstamp has a maximum purchase order size of USD 5,000 or EUR 5,000 daily and USD 20,000 or EUR 20,000 monthly.

How To Buy Bitcoin With Debit Card Or Credit Card On Bitstamp

Step 1: Create an account and verify your identity.

Bitstamp - Create your account

Step 2: Go to the deposit page and choose credit card from the side menu.

Step 3: Choose the amount you would like to spend.

Step 4: Enter your card details and click ‘submit’.

Step 5: You have now purchased bitcoin on Bitstamp.


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Paxful

Paxful Logo

Rating

Website:paxful.com
CEO:Ray Youssef
Headquarters:New York, New York
Founders:Ray Youssef, Artur Schaback
Founded:2015
Customer service:Knowledge Base
More information:Read Review

Paxful is a person-to-person marketplace that supports over 300 payment methods.

Pros

  • Escrow system
  • Security
  • Diverse payment methods
  • Simple user interface (UI)
  • Wide variety of sellers

Cons

  • Buyers and sellers are at risk of being scammed

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Paxful Icon

Paxful has been in operation since 2015 and is based in New York, New York. The fast-growing Paxful exchange is a person-to-person marketplace that supports over 300 payment methods. Paxful users can buy and sell bitcoin with practically every payment method known to man including debit card, gift card, prepaid card, ApplePay, PayPal, Chime Bank, Simple Bank, and GreenDot.

The Paxful exchange uses an escrow system in conjunction with a Paxful Bitcoin Wallet to ensure the security of each trade. Paxful has excellent customer service and 2-Factor Authentication for those who want to secure their free bitcoin wallet.

The Paxful Wallet app is available on iOS and Android smartphones for those who want to send, receive or trade bitcoin on the go.

Paxful Homepage

Supported Countries

Paxful is available in all countries except for the following: Burundi, Central African Republic Sanctions, Cuba, Crimea region, Iran, Iraq, Lebanon, Libya, North Korea, Somalia, South Sudan-related Sanctions, Sudan and Darfur, Syria, Yemen

Fees And Limits

Paxful does not charge a fee to buyers. There is only a 1% fee for the seller from the amount of a sale. For gift cards, this becomes a 5% fee for iTunes and Google Play; and 2% for every other gift card. The fee for bank transfers is merely 0.1%.

Paxful has four verification tiers:

Level 1: Requires email and phone verification. The trading volume limit is up to $1,500.

Level 2: Requires ID verification. The trading volume limit is up to $10,000.

Level 3: Requires address verification. Trading volume can be $10,000 and higher.

Level 4: Requires additional verifications such as EDD (Enhanced Due Diligence) or CDD (Customer Due Diligence). May be requested for significantly high volume institutional/corporate accounts.

How To Buy Bitcoin With Debit Card Or Credit Card On Paxful

Step 1: Create an account.

Paxful - Create An Account

Step 2: Verify your email address and phone number.

Step 3: Go to the main menu and click on the ‘Buy Bitcoin’ button.

Paxful - Buy Bitcoin

Step 4: Select ‘Debit/Credit Card’ as your payment method. Enter in how much bitcoin you would like to buy (in dollars). Click ‘Search For Offers’.

Paxful - Buy Bitcoin With Debit Card Or Credit Card

Step 5: Here you can view all the open offers for your chosen method of payment and the merchant feedback score, limits and sale price. Click on ‘Buy’.

Paxful - Open Offers For ANY Credit Card Or Debit Card

Step 6: This will take you to the vendor’s terms of trade screen where you can see all of their requirements before opening the trade.

Paxful - Buy Bitcoin With Debit Card Or Credit Card Terms Of Trade

Step 7: From here you will be taken to the vendor’s trade screen where you can talk with the seller and upload any supporting documents to complete the trade. Once the payment has been sent, hit the ‘Paid’ button and wait for the seller to release the bitcoins.

Paxful - Buy Bitcoin With Debit Card Or Credit Card Vendor Trade Screen

Step 8: Once the bitcoins have been released to your bitcoin wallet you have successfully completed the trade on Paxful. Feel free to leave feedback for the other person.


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LocalBitcoins

LocalBitcoins Exchange Logo

Rating:

Website:localbitcoins.com
CEO:Sebastian Sonntag
Headquarters:Helsinki, Finland
Founders:Nicholas Kangas, Jeremias Kangas
Founded:2012
Customer service:Knowledge Base
More information:Read Review

LocalBitcoins is a person-to-person bitcoin trading platform that specializes in connecting buyers and sellers.

Pros

  • Available in every country of the world
  • Extremely diverse selection of buyers and sellers
  • Supports many payment methods
  • Buyers get their bitcoins fast
  • Private
  • Simple to use

Cons

  • Lack of cryptocurrency diversity
  • Both sellers and buyers have a chance of being scammed.

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Localbitcoins Logo

LocalBitcoins operates as a peer-to-peer network for users across the world. LocalBitcoins has been in operation since 2012 and is based in Helsinki, Finland.

This exchange does not hold any cryptocurrency of its own. Instead, it functions as an intermediary that facilitates transactions between those seeking to buy bitcoin and those looking to sell bitcoin.

Users of this network are not required to abide by any marketplace. This makes the site different from other digital currency exchanges. What it does also is that the trader determines the value of his/her cryptocurrency. LocalBitcoins help to serve as a mediator when disputes arise between a buyer and a seller.

The presence of escrow on the network gives it a higher level of security. The presence of the escrow on the network means that the money is held in a distinct place until both the seller and the buyer have verified the transaction. If the buyer does not meet the requirements for a purchase, then the money is returned.

The network quick search system allows you to spell out the amount worth of bitcoin you want to buy, the currency of your choice, your location, as well as your payment option. You are allowed to pay with a debit card.

LocalBitcoins Homepage

Supported Countries

LocalBitcoins is available in every corner of the world.

Fees And Limits

Although LocalBitcoins does not charge a fee for the purchase or the sale of bitcoin, they do charge a 1.00 percent fee to advertisers when a trade is completed.

How To Buy Bitcoin With Debit Card Or Credit Card On LocalBitcoins

Step 1: Create an account. Choose your username and password.

LocalBitcoins - Sign Up

Step 2: Verify your account via an email confirmation link that is sent to you.

Step 3: Go to the LocalBitcoins dashboard. Select ‘Credit Card’ as your payment method.

LocalBitcoins - Select Credit Card As Payment Method

Step 4: Offers will populate based on your search query.

LocalBitcoins - Search Results For Buying Bitcoin With Credit Card

Step 5: Select ‘Buy’. You will be given a set of instructions to follow to complete the transaction.

LocalBitcoins - Buy Bitcoins Using Credit Card

Step 6: Upon completing the terms of the trade, the seller will release your bitcoin to your bitcoin wallet on LocalBitcoins.


ExchangeFounding DateSupported Countries
Coinbase2012Worldwide
CEX IO2013Worldwide
Coinmama2013Worldwide
BitIt2015Worldwide
Changelly2015Worldwide
BitPanda2014Europe
Luno2013Worldwide
Bitstamp2011Worldwide
Paxful2015Worldwide
LocalBitcoins2012Worldwide

Where Do I Buy Bitcoin With Debit Card

Requirements

Before you can buy bitcoin with your debit card or credit card on an exchange, please be aware of the requirements.

Identity Verification

Passport

Exchanges around the world have enacted Anti Money Laundering and Know Your Customer laws to protect against fraudulent activity.

AML and KYC laws require all users to properly verify their identity before they are able to trade on a cryptocurrency exchange.

In addition to phone and email verification, exchanges will ask for multiple forms of identity verification such as a driver’s license, state ID or passport as well as a social security number (SSN).

Some exchanges will ask for a bank statement or proof of address to verify your address, while others will ask for a selfie together with your credit card or debit card.

Purchasing limits on exchanges usually increase when any of the following occurs:

  • Identity is verified
  • A phone number is linked to your account
  • A bank account is linked to your account
  • Proof of address is established
  • Bank statements are uploaded
  • Purchase history is established
Internet Connection Through Ethernet

A Secure Web Connection

Bitcoin is money with its own protocol so it requires a secure Internet connection.

Do not trade bitcoin on Wi-Fi that is either public or unsafe as you may be vulnerable to attacks from cyber hackers.

How To Stay Safe On Bitcoin Exchanges

Safe Password And Two Factor Authentication

If you are purchasing a large amount of bitcoin on an exchange it would be wise to enforce a few security measures for the safety of your money.

#1: Use a strong password that is impossible to guess.

#2: Enable Two-Factor Authentication (2FA) as an extra security layer to your account login.

Most importantly transfer your bitcoin to a cold wallet early and often.

Trezor One hardware wallet

After buying a large amount of bitcoin from an exchange we recommend that you move your bitcoin to a personal cold storage hardware wallet such as the Trezor One, Trezor Model T or Ledger X for safekeeping.


Exchanges With The Lowest Fees

CEX.IO, BitPanda, Luno, BitIt, and Coinbase have the lowest fees for buying bitcoin with a debit card or credit card instantly. Good deals can also be found on Localbitcoins and Paxful.

ExchangeFees
Coinbase3.99%
CEX IO2.99%
Coinmama5.00%
BitIt3.90%
Changelly5.00%
BitPanda3.00%
Luno3.50%
Bitstamp5.00%
PaxfulVaries
LocalBitcoinsVaries

Exchanges With The Fastest Processing Times

Coinbase, CEX.IO, Coinmama, BitPanda, and Luno have the fastest transaction times and will allow you to buy bitcoin instantly.

Exchanges With The Best Security

Coinbase, CEX.IO, and Coinmama provide superior security on their platforms. Every exchange is a hot wallet, so no matter which exchange you use, we recommend that you move your bitcoin offline to a cold wallet.

Best Way To Buy Bitcoin With Debit Card Or Credit Card Instantly

Coinbase Icon

In terms of reputation, fees, security, and processing time our most recommended exchange to buy bitcoin with a debit card or credit card is Coinbase.

CEX.IO and Coinmama are also strong options.

Easiest Way To Buy Bitcoin

Debit card or credit card is definitely the easiest and most preferred way to buy bitcoin instantly online. You can usually get your bitcoins directly into your wallet within minutes of registering for an exchange.

Fastest Way To Buy Bitcoin

Debit card or credit card is the fastest way to buy bitcoin online at the rate you desire. Bank transfer and bank wire usually require a few days to process and thus can slow down the purchasing process.

Apps To Buy Bitcoin With Debit Card Or Credit Card Instantly

Coinbase, CEX.IO, Changelly, Luno, Bitstamp, and Paxful all have both iOS and Android apps that you can download to buy bitcoin with a debit card or credit card instantly.

ExchangeDownload App
CoinbaseiOS, Android
CEX IOiOS, Android
ChangellyiOS, Android
LunoiOS, Android
BitstampiOS, Android
PaxfuliOS, Android

How To Get The Best Price

Bitcoin Stock Market Trading

The price of bitcoin and the fee charged by the digital exchange are two factors that affect the purchasing price. The price of bitcoin is impacted by the number of users, market capitalization, velocity, scarcity, and major news media.

Different exchanges may offer varying rates. You can use a platform such as Changelly to trade at the best market rate.

Additionally, many exchanges will let you set limit orders that execute at a certain price point. This is an effective way to ensure that you obtain bitcoin at the price you want even if you have to wait long periods of time.

Is It Safe To Purchase Bitcoin With A Debit Card Or Credit Card?

Using your debit card or credit card to purchase bitcoin from a digital exchange is definitely preferred because it uses funds directly from a bank account or credit line. It is safe if the exchange you do business with can guarantee the safety of both your card and bitcoin.

Can I Buy Bitcoin With American Express?

Yes, you can. Most exchanges will allow you to purchase bitcoin and other cryptos using an American Express card. Some exchanges actually give preference to customers that use American Express to buy bitcoin.

Can I Buy Bitcoin With Prepaid Card?

Prepaid cards will work with any of the aforementioned exchanges as long as they are Visa or Mastercard supported.

Can I Buy Bitcoin With Debit Card Or Credit Card With No ID Or Verification?

If you do not have a photo ID for identity verification you will not be able to purchase bitcoin from an exchange due to AML and KYC laws.

Can I Buy Bitcoin With Debit Card Or Credit Card Anonymously?

Most exchanges will ask for some form of identity verification before you can begin purchasing cryptocurrency. You can, however, purchase bitcoin anonymously on Changelly which requires only phone verification.

How Do You Use Bitcoin?

Bitcoin can be stored in a bitcoin wallet and held as an investment, a store of value and, most importantly, be used as money if the need arises.

Are You Allowed To Buy Less Than One Bitcoin?

You are allowed to buy less than one bitcoin. There several digital currency exchanges that allow you to buy less than one bitcoin. Coinbase, for instance, allows users to purchase as little as $2 worth of bitcoin at a time.

Can I Buy Bitcoin With My Cash App Debit Card?

Cash App Icon

Yes, you can use your Cash Card to spend your Cash App balance to purchase bitcoin on any exchange that accepts debit card.

The Cash App only allows you to buy and hold bitcoin so you can not use it as a bitcoin wallet.

Should I Leave My Bitcoin On The Exchange After I Buy?

If you are holding a large amount of cryptocurrency we really recommend moving it to a reliable hardware wallet for your own security and convenience. Many exchanges have been hacked in the past and ended up losing all customer funds so be aware of how you can protect yourself in the worst-case scenario. It is critical that you learn how a bitcoin wallet works.

What Is A Bitcoin Wallet?

Trezor One Bitcoin Wallet
Trezor One 5th Anniversary Edition

Rather than your standard leather wallet, a bitcoin wallet is made up of two unique and single coded keys called a public key and a private key

A bitcoin wallet address is a hashed version of your public key. The public key is known as the location wherein transactions are deposited. It is also the public key that is returned on the Blockchain ledger as the user’s virtual signature or address.

You can view the richest bitcoin addresses here.

The bitcoin private key is a randomly generated string (numbers and letters), allowing bitcoins to be spent. It is recommended that you take your wallet’s private key offline.

How To Get A Bitcoin Address

Most exchanges will assign a bitcoin wallet address to you either when you create an account or once you purchase bitcoin. Keeping your bitcoin on an exchange is known as a hot wallet and can be risky for many reasons so it is recommended that you move your bitcoin to a cold storage wallet such as a hardware wallet.

A bitcoin address is 34 digits in length. Example:

38x2fNxXNWimeWNWZH7SRRaXXmmSq15TxE

How To Send Bitcoin

All you need to send bitcoin is the recipient’s wallet address (public key) and the BTC amount that you would like to send.

Oftentimes you can scan a QR code if you are using a mobile device to complete this transaction.

Why Buying Bitcoin With A Credit Card Can Be Risky

Purchasing bitcoin with a credit card has a number of risks associated with it including cancellation, chargeback, extra fees or getting your credit card closed down. Your transaction may get denied by the exchange or the bank that issued your card.

Factors To Consider Before Purchasing Bitcoin With A Credit Card

Before using your credit card to buy bitcoin, there are some things that you should first consider. They include:

Limits

Every exchange sets a limit for credit card purchases in a bid to restrict fraudulent activities. Every exchange sets a limit for credit card purchases in a bid to restrict fraudulent activities.

Transaction Fees

Whenever you purchase an item with a credit card, most retailers will include a credit card processing fee onto the price. Likewise, when you buy bitcoin with a credit card, you can expect a small transaction fee to be tacked on to your purchase. 

Foreign Transaction Fees

If you use an American credit card to purchase bitcoin on an exchange that is based outside the United States, your card issuer may charge a foreign transaction fee.

Cash Advance Fees

In the early parts of 2018, both MasterCard and VISA began grouping virtual currency purchases as cash advances. This not only means increased fees but also signifies that interests begin accruing at once.

Its Effect On Your Credit Scores

Before making a purchase, you should consider how much of your credit you will be making use of. Your credit utilization ratio, which is a percentage of credit usage, is a huge factor in calculating your credit score. 

Debt

If you are making use of credit cards to get rewards, that is fine. But if you are using your credit card because you cannot afford bitcoin, you might as well wait until you can afford it.

We advise against purchasing bitcoin with a credit card unless you can pay it off in full that exact month.

Can I Buy Crypto With Debit Card Or Credit Card Instantly?

Many exchanges will allow you to purchase many other cryptocurrencies in addition to bitcoin. The following table displays the cryptocurrencies you can buy with a debit card or credit card on each exchange.

ExchangeSupported Cryptocurrencies
CoinbaseBTC, ETH, XRP, BCH, LTC, EOS, XTZ, XLM, LINK, USDC, DASH, ETC, ATOM, ZEC, BAT, ZRX, REP, DAI, KNC, OXT
CEX IOBTC, ETH, BCH, BTG, LTC, XRP
CoinmamaBTC, BCH, ETH, ETC, ADA, LTC, QTUM, XRP
BitItBTC, XRP, ETH, USDT, LTC, EOS, LINK, BNB, XTZ, XMR, XLM, ADA, TRX, USDC, DASH, ETC, IOTA, ZEC, PAX, BAT, DOGE, VET, ZRX, TUSD, BTG, QTUM, MATIC, ALGO, KNC, WAVES, OMG, CHZ, KMD, SC, LRC, ZIL, BAND, NPXS, RLC, TOMO, POLY, CVC, ARK, BEAM, BRD, BNT, STX, FET
ChangellyBTC, ETH, XRP, LTC
BitPandaBTC, LTC, ETH, DASH, XRP, BCH, KMD, MIOTA, EOS, PAN, OMG, REP, XLM, ZRX, XEM, ZEC, XTZ, ADA, NEO, ETC, LINK, WAVES, LSK, USDT, USDC, ATOM, TRX, BAT, BEST, CHZ
LunoBTC, BCH, ETH, XRP
BitstampBTC, ETH, LTC, XRP, BCH
PaxfulBTC
LocalBitcoinsBTC

Alternatives To Buying Bitcoin With Debit Card Or Credit Card

If you are wondering what options you have for buying bitcoin aside from debit card, have a look at the alternatives.

Bank Account

You can purchase bitcoin with a bank transfer or bank wire which typically has lower fees but may require more time to process (3 to 8 days).

Cash

You can also buy bitcoin with cash at an ATM which is instant but usually has high fees associated with it.

P2P Marketplace

Paxful and Localbitcoins are person-to-person marketplaces that make use of an escrow system for transactions. Users of these platforms have a plethora of payment methods to choose from including debit card, credit card, Zelle Pay, Venmo, and even gift card.

Can I Buy Bitcoin With Paypal?

PayPal Logo

Absolutely! The fees and risks associated with this payment method are higher than buying with a credit card or debit card, but it is definitely possible. If you want to learn how then have a look at our in-depth guide to buying bitcoin with Paypal.

The State Of Cryptocurrency

While commercial banks use a centralized system that is regulated and monitored by a central governing body, which is called the Central Bank, cryptocurrency operates on a decentralized system.

Decentralization is achieved via a distributed ledger technology called Blockchain, which doubles as a financial transaction database. The foremost decentralized cryptocurrency issued is bitcoin in 2009.

Statistics have revealed that since the release of the bitcoin in 2009, other digital currencies have found their way to the market, numbering over 2,000. Bitcoin still has the largest market capitalization by a wide margin.

How To Choose The Best Bitcoin Exchange

Buy Bitcoins

Choose a digital currency exchange platform that meets your needs best in terms of accessibility, fees, limits, security, and processing time. In particular, look out for the following factors.

  • Supported currencies
  • Cryptocurrency and token options
  • Availability in the region you reside
  • How friendly their user interface is
  • Speed in which purchases process

Build a relationship with your favorite exchange and be sure to utilize a debit card or credit card issued by a bitcoin-friendly bank for best practices.

How To Keep Your Bitcoin Safe

Mt. Gox Bankruptcy

On June 19th, 2011, the Mt. Gox bitcoin exchange was compromised after a hacker allegedly used credentials from an auditor’s computer to transfer approximately 850,000 bitcoins illegally to himself. This was the first instance of a bitcoin exchange being hacked and, as a result, bitcoin exchanges have had to introduce stricter security protocols to their systems.

On August 2nd, 2016, Bitfinex customers were compromised after their segregated wallets were breached, losing about 119,756 bitcoins in the process. This hack is the 2nd biggest breach of a bitcoin exchange platform ever.

Bitcoin exchanges store your bitcoin in what is called a hot wallet, meaning your bitcoin can still be accessed digitally by someone else.

For this reason, we recommend that you store your bitcoin in an offline cold-storage wallet, especially if you own a large amount of bitcoin. These are some of the more popular hardware wallets out today with many more being created now and in the future.

 
Wallet
Price
Screen
Released
Website
Trezor Model T Resized
Trezor Model T


$169Yes2018trezor.io
Trezor One Black Resized
Trezor One


$55Yes2013trezor.io
Ledger Nano X Resized
Ledger Nano X


$119Yes2019ledger.com
Ledger Nano S Resized
Ledger Nano S

$59Yes2016ledger.com
Keepkey Resized
KeepKey

$49Yes2015keepkey.com

With these types of cold storage hardware wallets only you have access to your private key and seed phrase and you can securely store them anywhere you want.

What Is Bitcoin?

Bitcoin is a peer-to-peer cryptographically secure digital currency introduced by Satoshi Nakamoto in 2009 right after the 2007 banking crisis and the 2008 subprime mortgage financial crisis.

As a product of the blockchain, bitcoin has introduced many innovations to the financial market. The blockchain ensures that transactions are carried out in a secure, transparent, immutable, and straightforward manner.

Our Top Recommendation For Buying Bitcoin With Debit Card Or Credit Card

Overall, Coinbase is the most secure exchange to buy bitcoin instantly with a debit card or credit card. The Coinbase platform makes it easy to buy, sell, store and trade cryptocurrencies with low fees and is backed by venture capital firms which makes it a trustworthy exchange to buy bitcoin.

Our Top Recommendation

9.3

Coinbase

9.3/10