
Today, bitcoin exchanges have made the process of buying bitcoin not only secure but also simple and instant.
If you want to learn how to buy bitcoin and other cryptocurrencies with a debit card or credit card, then that’s exactly what I’m going to show you in this guide.
Everything you need to know to buy bitcoin instantly TODAY.

Last Update July 2nd, 2020. Buying bitcoin used to be difficult with the fear of scammers or hackers.
Nowadays, bitcoin can be purchased securely and instantly from the comfort of your room or while traveling on a smartphone through a reliable exchange.
Buying bitcoin with a debit card or credit card is simple. Let’s look at some options.
With millions of customers, the most popular exchanges for buying bitcoin using a debit card or credit card are Coinbase and CEX.IO thanks to their excellent reputation, low fees, strict security, and fast processing times.
Popular Exchanges To Buy Bitcoin With Debit Card Or Credit Card
![]() | 3.99% | 102 countries (see full list) | |
![]() | 2.99% | Worldwide | |
![]() | 5.99% | Worldwide | |
![]() | 5.00% | Worldwide | |
![]() | 3.90% | Worldwide |

Table of Contents
- Popular Exchanges To Buy Bitcoin With Debit Card Or Credit Card
- The Ultimate Guide To Buying Bitcoin With Debit Card Or Credit Card Instantly
- Why Should I Buy Bitcoin With Debit Card Or Credit Card?
- 10 Ways To Buy Bitcoin With Debit Card Or Credit Card Instantly
- Coinbase
- CEX IO
- Paybis
- Coinmama
- Bitit
- BitPanda
- Luno
- Etoro
- Paxful
- LocalBitcoins
- Requirements
- How To Stay Safe On Bitcoin Exchanges
- Exchanges With The Lowest Fees
- Exchanges With The Best Security
- Easiest Way To Buy Bitcoin
- Fastest Way To Buy Bitcoin
- Best Place To Buy Bitcoin With Debit Card Or Credit Card
- Apps To Buy Bitcoin With Debit Card Or Credit Card Instantly
- How To Get The Best Price
- Can I Buy Bitcoin With My Cash App Debit Card?
- Should I Leave My Bitcoin On The Exchange After I Buy?
- What Is A Bitcoin Wallet?
- How To Get A Bitcoin Address
- How To Send Bitcoin
- Factors To Consider Before Buying Bitcoin With A Credit Card
- Can I Buy Crypto With A Debit Card Or Credit Card Instantly?
- The State Of Cryptocurrency
- How To Choose The Best Bitcoin Exchange
- How To Keep Your Bitcoin Safe
- What Is Bitcoin?
- To Wrap It Up
- Our Top Recommendation
The Ultimate Guide To Buying Bitcoin With Debit Card Or Credit Card Instantly

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 Should I Buy Bitcoin With Debit Card Or Credit Card?
A debit card uses funds directly from a bank account with money owned by you, while a credit card uses a line of credit issued to you by a bank.
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.
How To Buy Bitcoin With Debit Card Or Credit Card Summary
- Create an account with Coinbase.
- Verify your account.
- Add a debit card or credit card as your payment method.
- Go to “Bitcoin” and select the amount you want to buy.
- Receive bitcoins directly into your Coinbase wallet.
That’s it! You have successfully bought bitcoin using card as your payment method.
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 10 digital currency exchanges that you can use to purchase bitcoin with a debit card or credit card instantly and securely.
Coinbase

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 the dominant U.S. cryptocurrency exchange that is known, used and trusted by millions of customers worldwide. The world-class user interface is both colorful and accessible and there is even a mobile app available for Android and iOS.
Coinbase accepts deposits in USD, EUR, GBP, CAN, AUS, and SGD.
Pros
- Established reputation
- User-friendly interface
- High liquidity
- Large purchasing limits
- Strong security
Cons
- Support takes time to respond
- Slow bank transfers
Reputation | Fees | Privacy | Limits |
---|---|---|---|
Excellent | Low | High | High |

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.
Fees & Limits
USA
Purchase Method | Fee |
---|---|
Bank Account | 1.49% |
Coinbase USD Wallet | 1.49% |
Debit Card | 3.99% |
Australia
Purchase Method | Fee |
---|---|
Credit / Debit Card | 3.99% |
Canada
Purchase Method | Fee |
---|---|
Debit Card | 3.99% |
Europe
Purchase Method | Fee |
---|---|
Standard Buy/Sell | 1.49% |
Debit Card | 3.99% |
SEPA Bank Transfer | Free / €0.15 |
UK
Purchase Method | Fee |
---|---|
Standard Buy/Sell | 1.49% |
Debit Card | 3.99% |
SEPA Bank Transfer | Free / €0.15 |
Faster Payments | Free |
Singapore
Purchase Method | Fee |
---|---|
Credit / Debit Card | 3.99% |
Limits
Purchase Method | Limit |
---|---|
Bank Transfers | $1000 / Day |
3D Secure Purchases | $400 / Week |
Card Purchases | $400 / Week |
PayPal Withdrawals | $25,000 / Day |
Wire Transfer | $250,000 / Wire |

How To Use Coinbase
Step 1: Create an account and confirm your email.
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).
Step 3: Verify your identity.
Step 4: Once your account is verified, go to your settings and ‘Link a New Account’.
Step 5: Choose debit card as a payment method and enter your card details.
Step 6: Enter a $ amount or BTC amount for how much bitcoin you would like to purchase. Tap on ‘Buy Bitcoin Instantly’.
Step 7: Your purchased bitcoins are added to your wallet instantly on Coinbase.
CEX IO

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 customers worldwide and allows users to buy bitcoin with a credit card or debit card seamlessly.
CEX.IO boasts multiple payment options (SWIFT, SEPA, ACH, Faster Payments), 24/7 customer support, and proven platform stability.
CEX.IO accepts deposits in USD, EUR, GBP, and RUB.
Pros
- Established and trustworthy
- Supported worldwide
- Low fees
- Simple credit card purchases
- Clean user interface
Cons
- Verification procedure requires private information
- Lengthy verification time
Reputation | Fees | Privacy | Limits |
---|---|---|---|
Excellent | Low | High | High |

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 3 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.
Fees & Limits
USD
Purchase Method | Deposits | Withdrawals |
---|---|---|
VISA | 2.99% | 3% + $1.20 |
Mastercard | 2.99% | 1.8% + $1.20 |
Bank Transfer | $0 | 0.3% + $25.00 |
ACH Bank Transfer | $0 | $0 |
EUR
Purchase Method | Deposits | Withdrawals |
---|---|---|
VISA | 2.99% | €0 |
Mastercard | 2.99% | 1.8% + €1.50 |
Bank Transfer | €0 | 0.3% + €25.00 |
SEPA Bank Transfer | €0 | €0 |
GBP
Purchase Method | Deposits | Withdrawals |
---|---|---|
VISA | 2.99% | 3% + £2.10 |
Mastercard | 2.99% | 1.8% + £2.10 |
Bank Transfer | £0 | 0.3% + £25.00 |
Faster Payments | £0 | £0 |
Limits
Purchase Method | Minimum Daily Deposit | Maximum Daily Withdrawal |
---|---|---|
VISA | $20 | $50,000 |
Mastercard | $20 | $2,500 |
SWIFT | $300 | Unlimited |
ACH Bank Transfer | $20 | $100,000 |
Faster Payments | £20 | £250,000 |
SEPA Bank Transfer | €20 | Unlimited |
Account Limits
Account Type | Daily Deposit | Daily Withdrawal |
---|---|---|
Intro | $500 | $100 |
Identity | $3,000 | $10,000 |
Address | $10,000 | $50,000 |
Enhanced | Unlimited | Unlimited |
Corporate | Unlimited | Unlimited |

How To Use CEX.IO
Step 1: Create an account. Check your email to confirm your account.
Step 2: Go to the ‘Cards’ tab on the menu. Click on ‘Add new card’.
Step 3: Enter your debit card information. CEX.IO accepts both VISA and MasterCard. Click proceed.
Step 4: You will need to verify your card and identity with a selfie.
Step 5: Once your card is successfully verified you can deposit funds or purchase bitcoin directly.
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.
Step 7: You will then be asked to confirm your payment method and 3-4 digit CVV/CVC code. Place the order.
Step 8: After the order is placed you have officially deposited cash or purchased bitcoin instantly on CEX.IO.
Paybis

Rating: | |
Website: | paybis.com |
CEO: | Innokenty Isers |
Headquarters: | Glasgow, United Kingdom |
Founders: | Innokenty Isers, Konstantins Vasilenko, Arturs Markevics |
Founded: | 2014 |
Customer service: | Knowledge Base |
Paybis is a digital and cryptocurrency exchange that specializes in fast and reliable transactions while providing a large number of payment options.
Paybis accepts deposits in USD, EUR, CAD, GBP, and JPY.
Pros
- Large purchasing limits
- Wide range of payment options
- Intuitive and user-friendly interface
- Global support
- 24/7 Multilingual customer service
Cons
- Bank transfers can take 1 to 5 days to complete
- Above-average fees
Reputation | Fees | Privacy | Limits |
---|---|---|---|
Excellent | High | High | High |

Paybis is a crypto exchange that aims to facilitate the exchange of cryptocurrencies (and digital currencies) for users worldwide. In order to provide a fast and reliable service, they offer an interface that is easy to use, coupled with an automated KYC system that takes just a few minutes to verify your account.
Furthermore, as a UK-based company, it’s fully regulated and compliant with European Anti Money-Laundering laws. This certainly inspires confidence as far as safety is concerned.
As a non-custodial service, Paybis doesn’t require the creation of a wallet on their platform. Instead, they send crypto directly to your personal wallet. So make sure you create one before you begin your first transaction. This is a great feature, as you remain fully in control of your funds at all times.
One of the biggest advantages of the platform is their wide range of payment options. You can choose from credit and debit cards, but also some popular e-wallets like Skrill, Neteller, Payeer, and AdvCash.
Finally, the platform also provides one of the best customer services around, with a 24/7 live chat option in multiple languages.
When you head over to the Paybis website, you will be met with a clean 1-page interface. Everything is concisely presented. It’s a great approach, as you can select any payment method simply by choosing from the drop-down menu.
Fees & Limits
Fees
Purchase Method | Fee |
---|---|
Credit Card or Debit Card | 5.99% |
Minimum Purchase
Purchase Method | Minimum Purchase |
---|---|
Credit Card or Debit Card | $70 |
Maximum Purchase Limits
Schedule | Limit |
---|---|
Daily | $20,000 |
Weekly | $50,000 |

How To Use Paybis
Step 1: Register on Paybis and fill in the required information. You can speed up the process by using your Facebook or G+ account to login instead.
Step 2: Log in to your newly created account and start a transaction, after selecting your payment and payout method.
Step 3: Go through a quick ID verification and enter the information of your payout option.
Step 4: All that is left to do now is follow the on-screen instructions and complete the payment. Your funds will be delivered as soon as we receive your payment.
That’s it! You have successfully completed a transaction on Paybis.
To wrap up, Paybis has been proven to deliver. The overwhelmingly positive customer feedback is a good sign that Paybis is one of the best exchanges to buy Bitcoin with credit or debit card.
Coinmama

Rating | |
Website: | coinmama.com |
CEO: | Sagi Bakshi |
Headquarters: | Israel |
Founders: | Laurence Newman, Nimrod Gruber, Ilan Schuster |
Founded: | 2013 |
Customer service: | 24/7 email support and Knowledge Base |
More information: | Read Review |
Coinmama specializes in selling Bitcoin and cryptocurrencies instantly with a credit card, or with bank transfer and is one of the most popular exchanges in the world.
Coinmama accepts all currencies, in particular, USD, EUR, GBP, CAD, AUD, and JPY.
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
Reputation | Fees | Privacy | Limits |
---|---|---|---|
Excellent | Low | High | High |

Coinmama is a bitcoin exchange that allows customers to buy bitcoin with a debit card, credit card, or bank account. Coinmama has been in operation since 2013 and is based in Tel Aviv, Israel.
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. Instead, 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.
Overall, the Coinmama platform has excellent customer service should you have any questions and is a reputable and secure platform for buying bitcoin with a debit card or credit card.
Fees & Limits
Momentum Fee
Purchase Method | Fee |
---|---|
Credit Card / Debit Card | 5% |
SEPA Bank Transfer | $0 |
SWIFT | $0 |
Faster Payments | $0 |
Minimum Purchase
Purchase Method | Minimum Purchase |
---|---|
Credit Card / Debit Card | $50 |
SEPA Bank Transfer | $50 |
SWIFT | $1,000 |
Faster Payments | $50 |
Account Limits
Transaction Type | Level 1 | Level 2 | Level 3 |
---|---|---|---|
Overall Account Spending Limit | $15,000 | $50,000 | $1,000,000 |
Daily Spending Limit | $5,000 | $5,000 | $7,500 |
Monthly Spending Limit | $15,000 | $30,000 | $40,000 |
Maximum # Of Daily Orders | 5 | 5 | 5 |
Maximum # Of Monthly Orders | 20 | 30 | 30 |

How To Use Coinmama
Step 1: Create an account on the platform using your email, name, and country of residence. Check your email for account verification.
Step 2: Verify your identity. A driver’s license, state ID or passport is required.
Step 3: Click on the ‘Bitcoin’ button on the menu to proceed to the purchase screen.
Step 4: Various packages will be displayed. Choose your preferred plan or enter your desired amount of bitcoin in $ or BTC.
Step 5: Enter your wallet address to receive bitcoin.
Step 6: Enter your card information. Click ‘Pay Now’ when you are finished.
Step 7: Congratulations! You have officially purchased bitcoin on Coinmama.
Bitit

Rating: | |
Website: | bitit.io |
CEO: | Nicolas Katan |
Headquarters: | Paris, France |
Founders: | Nicolas Katan, Ugo Mare, Simon Potier |
Founded: | 2015 |
Customer service: | Knowledge Base |
Bitit is developed, hosted, and regulated in Paris, France. BitIt is one of the most convenient platforms for buying and selling crypto-assets.
Bitit accepts deposits in USD, EUR, GBP, JPY, AUD, CAD, CNY, HKD, KRW, SGD, ZAR, DKK, SEK, NOK, and TRY.
Pros
- Supports many currencies
- Large selection of cryptocurrencies
- High purchasing limits
- Ledger and Trezor wallet support
Cons
- Lengthy verification
Reputation | Fees | Privacy | Limits |
---|---|---|---|
Great | High | High | High |

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 interface, customers can 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 VISA, MasterCard, Maestro, EuroCard, and N26 payment cards. BitIt supports a multitude of currencies including EUR, USD, JPY, DKK, GBP, SEK, NOK, TRY, AUD, CAD, CNY, HKD, KRW, SGD, and ZAR.
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.
Fees & Limits
Fees
Purchase Method | Fee |
---|---|
Credit Card / Debit Card | 3.9% |
SEPA Bank Transfer | 0.25% |
CASHlib | 8.75% |
Neosurf | 8.75% |
Limits
Purchase Method | Fee |
---|---|
Credit Card / Debit Card | €1,500 / Week |
SEPA Bank Transfer | €15,000 / Week |
CASHlib | €2,500 / Week |
Neosurf | €2,500 / Week |
Sell Limits
Minimum Sell Amount | Maximum Sell Amount |
---|---|
€50 | Unlimited |

How To Use BitIt
Step 1: Create an account.
Step 2: Fill in the required profile information.
Step 3: Verify your identity by uploading a driver’s license, passport or state ID.
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.
Step 5: Enter your card details. Finalize your order.
Step 6: You have successfully purchased bitcoin on BitIt.
BitPanda

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.
BitPanda accepts deposits in EUR, USD, CHF, and GBP.
Pros
- Low fees
- Multiple payment methods
- Easy verification process
- Dependable and trustworthy
Cons
- Available to European countries only
Reputation | Fees | Privacy | Limits |
---|---|---|---|
Excellent | Low | High | High |

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 payment cards, Skrill, Neteller, Giropay, Klarna (SOFORT) Banking, Zimpler or SEPA bank transfer.
The Bitpanda platform is straightforward and easy to use for beginners.
Fees & Limits
Fees
Trade Type | Fees |
---|---|
Buy | 1.49% |
Sell | 1.49% |
Deposit Limits
Purchase Method | Daily Limits | Monthly Limits | Total Limits |
---|---|---|---|
Online Payments | €10,000 | €300,000 | €10,000,000 |
Credit Card | €2,500 | €300,000 | €5,000,000 |
SEPA Bank Transfer | €49,999 | €5,000,000 | €100,000,000 |
Zimpler | €2,500 | €100,000 | €100,000 |
Withdrawal Limits
Purchase Method | Daily Limits | Monthly Limits | Total Limits |
---|---|---|---|
Online Payments | €100,000 | €2,000,000 | €10,000,000 |
SEPA Bank Transfer | €5,000,000 | €5,000,000 | €10,000,000 |

How To Use Bitpanda
Step 1: Create an account on Bitpanda.
Step 2: Verify your profile and link your debit card.
Step 3: Select the cryptocurrency you want to purchase. In this case select bitcoin.
Step 4: Select ‘BTC Buy’.
Step 5: Choose your preferred method of payment. In this case, we will pay with a debit card in Euros.
Step 6: Select the amount you want to buy in Euros or BTC.
Step 7: Accept the terms of purchase by clicking on ‘Summary’.
Step 8: Finally, click on ‘Buy now’ to purchase bitcoin instantly on Bitpanda.
Luno

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.
Luno accepts deposits in EUR, IDR, MYR, NGN, SGD, ZAR, and ZMW.
Pros
- Trusted throughout Europe
- Strict security
- Free deposits
Cons
- Withdrawal fees
Reputation | Fees | Privacy | Limits |
---|---|---|---|
Great | Low | High | High |

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.
Users are able to add up to 2 cards on their Luno account.
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.
Fees & Limits
Deposit Fees
Currency | Payment Method | Fee |
---|---|---|
EUR | Debit or credit card deposit | €0 |
EUR | SOFORT | €0 |
EUR | SEPA Transfer | €0 |
EUR | Cards | €0 |
EUR | iDEAL | €0 |
IDR | Internet banking | IDR 4,000 |
IDR | ATM | IDR 4,000 |
IDR | Mobile banking | IDR 4,000 |
IDR | Other | IDR 4,000 |
IDR | SMS | IDR 4,000 |
MYR | Instant Transfer or Interbank GIRO | Free |
NGN | Card deposit | 1.58% (max NGN 2,070) |
NGN | Paystack | 1.50% (max NGN 2,000) |
NGN | Bank deposit | 1.58% (max NGN 2,070) |
SGD | Xfers bank deposit | Free |
SGD | Xfrs transfer | Free |
UGX | Bank transfer | Free |
ZAR | EFT | Free |
ZAR | Instant EFT | 1.40% |
ZAR | Cash deposit penalty | ZAR 20 + 5% |
ZMW | Bank transfer | Free |
Withdrawal Fees
Currency | Payment Method | Fee |
---|---|---|
EUR | SEPA Transfer | €0.30 |
IDR | Bank Transfer | IDR 6,500 |
MYR | Instant Transfer or Interbank GIRO | MYR 0.10 |
NGN | Bank Transfer | NGN 200 |
SGD | Xfers Transfer | Free |
UGX | Bank Transfer | UGX 2,000 |
ZAR | EFT | ZAR 8.50 |
ZMW | Bank Transfer | ZMW 10 |
Monthly Deposit Limits
Country | Level 1 | Level 2 | Level 3 |
---|---|---|---|
Europe | €1,000 | €5,000 | €100,000 |
Indonesia | N/A | IDR 25,000,000 | No limits |
Malaysia | N/A | MYR 10,000 | MYR 300,000 |
Nigeria | NGN 200,000 | NGN 500,000 | NGN 10,000,000 |
Singapore | N/A | SGD 30,000 | SGD 150,000 |
South Africa | ZAR 15,000 | ZAR 50,000 | Limits may apply |
Uganda | N/A | UGX 10,000,0000 | UGX 100,000,000 |
Zambia | N/A | ZMW 50,000 | ZMW 1,000,000 |
Monthly Withdrawal Limits
Country | Level 1 | Level 2 | Level 3 |
---|---|---|---|
Europe | €1,000 | €5,000 | €100,000 |
Indonesia | N/A | IDR 25,000,000 | No limits |
Malaysia | N/A | MYR 10,000 | MYR 300,000 |
Nigeria | NGN 200,000 | NGN 500,000 | NGN 10,000,000 |
Singapore | N/A | SGD 30,000 | SGD 150,000 |
South Africa | ZAR 15,000 | ZAR 50,000 | Limits may apply |
Uganda | N/A | UGX 10,000,0000 | UGX 100,000,000 |
Zambia | N/A | ZMW 50,000 | ZMW 1,000,000 |

How To Use Luno
Step 1: Create an account.
Step 2: 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.
Step 5: You have now purchased bitcoin on Luno.
Etoro

Rating: | |
Website: | etoro.com |
CEO: | Yoni Assia |
Headquarters: | London, United Kingdom |
Founders: | David Ring, Ronen Assia, Yoni Assia |
Founded: | 2007 |
Customer service: | Knowledge Base |
Etoro is a multi-asset platform that offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Since 2007, Etoro has been democratizing traditional money management in order to open the financial markets to everyone, everywhere.
Deposits may be made via online bank transfer, wire transfer, e-wallet (PayPal, Skrill, or Neteller), or bank card, and the minimum deposit amount is $50. Customers may withdraw funds from their Etoro account at any time, and without fees from the platform (though charges from your bank may apply).
Etoro accepts deposits in USD, EUR, GBP, JPY, AUD, RUB, CNH, and CAD.
Pros
- Diverse selection of markets
- Excellent reputation
- User-friendly interface
- Great customer support
- Low fees
Cons
- Bitcoins can only be withdrawn in the form of fiat currency
Disclaimer: 75% of retail investor accounts lose money when trading CFDs
Reputation | Fees | Privacy | Limits |
---|---|---|---|
Excellent | Low | High | High |

Etoro is one of the leading social trading and investment platforms in existence. Etoro has been in operation since 2007 and is based in the United Kingdom.
The Etoro platform supports trading cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, XRP, Litecoin, and XLM. Etoro makes it easy to copy top traders with their unique copytrading system.
Etoro accepts credit and debit card payments from the folowing cards:
- VISA
- Mastercard
- Diner’s Club
- Maestro
Customers can also fund their trading account with just about any payment method under the sun including online bank transfer, wire transfer, PayPal, Klarna (SOFORT), Giropay, UnionPay, Neteller, Skrill, Rapid Transfer, and Online Banking.
Fees & Limits
Fees
Type | Fee |
---|---|
Withdrawal Fee | $5 |
Minimum Withdrawal
Type | Minimum Withdrawal |
---|---|
Withdrawal | $30 |
Deposit Methods
Deposit Method | Information Needed |
---|---|
Debit Card | – Your card number – Your card’s expiry date – The CVV code (3 digits on the reverse side of your credit/debit card) |
Wire Transfer | – Currency and the amount – Username and transaction reference number |
Giropay | – The account name and number – The online password and a TAN to confirm the payment |
E-wallet (PayPal, Skrill, Neteller) | – Login details – Once you’ve verified the details, click “Pay” – Within minutes your trading account should be credited – If for any reason your request is not approved, you will be notified by email |
Minimum First Time Deposit
Country Of Residence | Deposit Limit |
---|---|
Australia & USA | $50 |
Rest Of The World | $200 |
Corporate Account | $10,000 |
Minimum Deposit Limits
Purchase Method | Minimum Deposit |
---|---|
Wire Deposit | $500 |
Credit Card, PayPal, Neteller, and Skrill | $50 |
Maximum Deposit Limits
Purchase Method | Country | Deposit Limit |
---|---|---|
China UnionPay | Hong Kong | $50,000 |
Debit Card | UK | $20,000 |
Giropay | Germany | $30,000 |
Neteller | UK | $10,000 |
PayPal | Luxembourg | $10,000 |
Skrill | UK | $10,000 |
Wire Transfer | All | $100,000,000 |
Wirecard | Germany | Wire – $100,000,000 Credit Card – $20,000 |

How To Use Etoro
Step 1: On the www.eToro.com page, find and click on the button marked “Start Now” or “Start Trading”.
Step 2: On the following web page, you will see an electronic form where you will be able to enter all the personal data that is required to open a new trading account.
Step 3: Please fill in all the relevant information requested in this form. Logging in via Facebook or Gmail are additional options
Step 4: Before submitting your information for review, kindly take the time to familiarise yourself with eToro’s Terms & Conditions and privacy policy.
Step 5: Upon completing your review of all the terms, please indicate your agreement with them by checking the appropriate box.
Step 6: Submit your information by clicking the “sign-up” button.
Step 7: After completing identity verification you are now ready to add a payment method and deposit funds.

Step 8: To deposit funds, simply click the blue “Deposit Funds” button in the bottom left-hand corner of the screen, select bank card as your payment method, enter your card details and choose the desired amount.
Step 9: You are now ready to trade bitcoin on Etoro.
Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
75% of retail investor accounts lose money when trading with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptocurrencies are a highly volatile unregulated investment product. No EU investor protection.
eToro USA, LLC does not offer any CFDs and makes no representations and assumes no liability for the accuracy or completeness of the content of this publication, which was created by our partner using publicly available, non-company specific information about eToro.
Paxful

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.
Paxful gives vendors the ability to create offers in all currencies.
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
Reputation | Fees | Privacy | Limits |
---|---|---|---|
Excellent | Low | High | High |

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 credit card, gift card, prepaid card, ApplePay, PayPal, Zelle, Paysafecard, and GreenDot.
The Paxful exchange uses an escrow system in conjunction with a Paxful Bitcoin Wallet to ensure the security of each trade. Paxful automatically secures each bitcoin wallet with 2-Factor Authentication (2FA). The Paxful Wallet app is available on iOS and Android smartphones for those who want to send, receive, or trade bitcoin on the go.
Fees & Limits
Fees
Payment Method | Sell Bitcoin | Buy Bitcoin |
---|---|---|
Bank Transfer | 0.5% | No Fee |
Credit/Debit Card | 1% | No Fee |
Digital Currencies | 1% | No Fee |
Online Wallets | 1% | No Fee |
Cash | 1% | No Fee |
Gift Card | 3% (5% iTunes & Google Play) | No Fee |
Minimums
Trade Type | Minimum Trade Amount |
---|---|
Buys | $10 |
Sells | $10 |
Verification Levels
Level | Verification Needed | Per Trade Limit | Trade Volume Lifetime Limit |
---|---|---|---|
0 | None | $0 | $0 |
1 | Email and Phone | $1,500 | $1,500 |
2 | ID | $10,000 | $10,000 |
3 | Address | $50,000 | Unlimited |
4 | Enhanced Due Diligence | $50,000+ | Unlimited |

How To Use Paxful
Step 1: 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.
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’.
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’.
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.
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.
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.
LocalBitcoins

Rating: | |
Website: | localbitcoins.com |
CEO: | Sebastian Sonntag |
Headquarters: | Helsinki, Finland |
Founders: | 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.
LocalBitcoins gives vendors the ability to create offers in all currencies.
Pros
- Available in every country of the world
- A diverse selection of buyers and sellers
- Supports many payment methods
- Buyers get their bitcoins fast
- Private
Cons
- Lack of cryptocurrency diversity
- Both sellers and buyers have a chance of being scammed.
Reputation | Fees | Privacy | Limits |
---|---|---|---|
Excellent | Low | High | High |

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 a marketplace that facilitates transactions between those buying bitcoin and those selling bitcoin. LocalBitcoins serves as a mediator when a dispute arises between a buyer and a seller.
The presence of escrow on the network gives it a higher level of security. If the buyer does not meet the requirements for a purchase, then the money is returned.
The network quick search system allows users to choose the amount of bitcoin they want to buy or sell, the currency of their choice, their location, as well as a payment method. You are allowed to buy or sell bitcoin with a debit card or credit card.
Fees & Limits
Fees
Action | Fee |
---|---|
Registering | Free |
Buying Bitcoin | Free |
Selling Bitcoin | Free |
Create An Advertisement | 1% |
Limits
Action | Transaction Limit |
---|---|
Buying Bitcoin | Varies |
Selling Bitcoin | Varies |

How To Use LocalBitcoins
Step 1: Create an account. Choose your username and password.
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.
Step 4: Offers for ‘buy bitcoins using credit card’ will populate based on your search query.
Step 5: Select ‘Buy’. You will be given a set of instructions to follow to complete the transaction.
Step 6: Upon completing the terms of the trade, the seller will release your bitcoin to your bitcoin wallet on LocalBitcoins.
Exchange | Founding Date | Supported Countries |
---|---|---|
Coinbase | 2012 | Worldwide |
CEX IO | 2013 | Worldwide |
Paybis | 2014 | Worldwide |
Coinmama | 2013 | Worldwide |
BitIt | 2015 | Worldwide |
BitPanda | 2014 | Europe |
Luno | 2013 | Europe |
Etoro | 2007 | Worldwide |
Paxful | 2015 | Worldwide |
LocalBitcoins | 2012 | Worldwide |
Coinbase is one of the most popular exchanges for buying bitcoin with a debit card or credit card and has over 30 million customers.
CEX.IO is a popular exchange with fees as low as 2.99% when buying bitcoin using a debit card or credit card as a payment method.
The most popular types of payment cards for use include VISA, Mastercard, UnionPay, Maestro, and Diner’s Club.
Using your debit card or credit card to purchase bitcoin from a digital exchange is preferred because it is instant and 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.
Prepaid cards will work with any of the aforementioned exchanges as long as they are VISA or Mastercard supported.
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.
If you are worried about the financial system and think the value of bitcoin will rise soon, buying bitcoin with a credit card might be a good investment for you.
All exchanges will ask for some form of identity verification before you can begin purchasing cryptocurrency.
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.
You are allowed to buy less than one bitcoin. There are 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.
Requirements
Before you can buy bitcoin with your debit card or credit card on an exchange, please be aware of the requirements.
Identity Verification

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

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

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.
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.
Exchange | Fees |
---|---|
Coinbase | 3.99% |
CEX IO | 2.99% |
Paybis | 5.99% |
Coinmama | 5.00% |
BitIt | 3.90% |
BitPanda | 3.00% |
Luno | 3.50% |
Etoro | Free, $5 withdrawal fee |
Paxful | Varies |
LocalBitcoins | Varies |
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.
Easiest Way To Buy Bitcoin
A debit card or credit card is definitely the easiest and most preferred way to buy bitcoin online. You can usually get your bitcoins directly into your wallet within minutes of registering on an exchange.
Fastest Way To Buy Bitcoin
A debit card or credit card is the fastest way to buy bitcoin online instantly. Bank transfers and bank wires usually require a few days to process and thus can slow down the purchasing process.
Best Place To Buy Bitcoin With Debit Card Or Credit Card

With over 30 million customers, in terms of reputation, overall fees, security, and processing time our most recommended exchange to buy bitcoin with a debit card or credit card is Coinbase.
Apps To Buy Bitcoin With Debit Card Or Credit Card Instantly
Coinbase, CEX.IO, Luno, Etoro, and Paxful all have iOS and Android apps that you can download from the app store to buy bitcoin with a debit card or credit card instantly.
Exchange | Download App |
---|---|
Coinbase | iOS, Android |
CEX IO | iOS, Android |
Luno | iOS, Android |
Etoro | iOS, Android |
Paxful | iOS, Android |
How To Get The Best Price

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.
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.
Can I Buy Bitcoin With My Cash App Debit Card?
Yes, you can use your Cash Card to spend your Cash App balance to purchase bitcoin on any exchange that accepts a 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?

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.
Factors To Consider Before Buying Bitcoin With A Credit Card
Before using your credit card to buy bitcoin, there are some things that you should first consider. Since credit is issued by a bank or lender, you should only buy bitcoin with a credit card as a payment method if you can afford the risks involved.
Buying 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.
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 A Debit Card Or Credit Card Instantly?
Many exchanges will allow you to purchase many cryptocurrencies in addition to bitcoin instantly. The following table displays the cryptocurrencies you can buy with a debit card or credit card on each exchange.
Exchange | Supported Cryptocurrencies |
---|---|
Coinbase | BTC, ETH, XRP, BCH, LTC, EOS, XTZ, XLM, LINK, USDC, DASH, ETC, ATOM, ZEC, BAT, ZRX, REP, DAI, KNC, OXT |
CEX IO | BTC, ETH, BCH, BTG, LTC, XRP |
Paybis | BTC, LTC, BCH, ETH, XRP, NEO, BNB, XLM, TRX |
Coinmama | BTC, BCH, ETH, ETC, ADA, LTC, QTUM, XRP |
BitIt | BTC, 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 |
BitPanda | BTC, 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 |
Luno | BTC, BCH, ETH, XRP |
Etoro | BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM, EOS, NEO, TRX, ZEC, XTZ |
Paxful | BTC |
LocalBitcoins | BTC |
If you want to see more ways to buy cryptocurrency, have a look at our guide to buying cryptocurrencies.
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
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
- Customer support staff
- Liquidity
Here are the exchanges again in case you missed them.
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
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.
![]() | $169 | Yes | 2018 | trezor.io | |
![]() | $55 | Yes | 2013 | trezor.io | |
![]() | $119 | Yes | 2019 | ledger.com | |
![]() | $59 | Yes | 2016 | ledger.com | |
![]() | $49 | Yes | 2015 | keepkey.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.
To Wrap It Up
With over 30 million customers, Coinbase is the easiest and most popular exchange to buy and sell bitcoin instantly with a debit card or credit card with low fees. Coinbase is backed by venture capital firms and FDIC insurance which makes it a trustworthy exchange to buy bitcoin. Coinbase is supported in over 102 countries around the world. Check here to see if it is available in yours.
