How to Buy Bitcoin with a Credit Card in 2024

Kwame Johnson
Last updated: | 9 min read

buy bitcoin with credit card

In the early days of crypto adoption, it took a lot of know-how to buy Bitcoin with a credit card. But as the popularity of cryptocurrencies continues to soar, acquiring Bitcoin with a credit card has become a convenient and accessible option for you and other crypto enthusiasts. You can easily find crypto exchanges accepting credit cards together with other payment options.

This piece digs deeply into buying Bitcoin with your credit card as well as crypto exchanges accepting such cards. We’ll give you the step-by-step processes, detail the pros and cons and share anything else we believe you need to know.

Step-by-Step Guide to Buying Bitcoin with a Credit Card

Understanding how to buy Bitcoin with a credit card instantly can be challenging, especially for beginners. The following steps may not appear exactly as they do on the exchange of your choice but they’ll give you a general idea of what you can expect.

  • Step 1: Select a reputable and reliable crypto exchange that accepts credit cards and charges lower transaction fees. Coinbase, Binance, and Kraken are popular options with user-friendly interfaces. Before deciding, check out factors such as user interface, supported currencies, transaction fees, and security measures.
  • Step 2: Create and verify an account on an exchange of your choice.
  • Step 4: Link your credit card. Go to the payment section on your preferred exchange account, then click “Add Payment Method.” Select “Credit Card” and input your card details, including the number, expiry date, and CVV code. Note that certain exchanges may require extra verification steps for credit card transactions
  • Step 6: Buy Bitcoin. You will need to proceed to the “Buy/Sell” section of the exchange. Pick Bitcoin (BTC) from the list of cryptocurrencies. Enter the desired amount in Bitcoin units (e.g., 0.1 BTC) or your preferred fiat currency (e.g., USD 100). Select “Credit Card” as your payment method. Remember that some platforms may require you to use your credit card to purchase fiat currency first, while others allow instant Bitcoin purchases with a credit card.
  • Step 7: Confirm Purchase. Review your order details, including the purchase amount and fees. Once satisfied, click “Buy” or “Confirm.” Some exchanges or your bank may need extra authentication, like two-factor authentication (sending a code to your phone number or email). After successful verification, your Bitcoin will be deposited into your platform wallet.

Buy Bitcoin on Binance

Bonus Tip: Ensure the safety of your Bitcoin by transferring it to a dedicated hardware wallet or a secure software wallet like Exodus, offering enhanced protection against potential exchange hacks. You can learn more about this in our basic guide on how to buy Bitcoin.

Bitcoin is a very volatile asset and also requires good security measures. So, prioritize security, stay informed about market conditions, and be mindful of transaction fees when buying with a credit card.

Which Exchanges Let You Buy Bitcoin with a Credit Card?

There are many popular exchanges where you can buy crypto with a credit card. However, you will need to research and know the fees these exchanges charge for purchasing with your card and other terms and conditions involved.

Crypto exchanges such as CEX.IO, Coinmama, Bitpanda, Coinbase, Binance, KuCoin, LocalCoinSwap, Bitstamp, Paxful, Coinhouse, and are popular exchanges where you can buy Bitcoin with credit card. To buy Bitcoin on crypto exchanges, you must create and verify a new account with ID documents.

Pros and Cons of Buying Bitcoin with a Credit Card

According to CoinMarketCap, Bitcoin currently sits at $40,500, still down 40.59% from its ATH (all-time high) of $68,789.63 but over 35% higher than it was just 3 months ago. But before you proceed to buying Bitcoin with a credit card, you should be aware of its pros and cons.

Spot trade Bitcoin on Binance


  • Convenience and Accessibility: Credit cards offer a quick and convenient way to make instant purchases, eliminating the wait for bank transfers or other payment methods. Due to their widespread accessibility, credit cards are a readily available option for purchasing Bitcoin which can be beneficial for taking advantage of sudden price fluctuations.
  • Rewards: credit cards provide rewards points or cashback for all transactions, including those involving cryptocurrency. Utilizing such a card for Bitcoin purchases can offer additional benefits through cash back or points, enhancing your overall investment experience.
  • Fraud Protection Measures: Credit cards issuers employ different strategies, security protocols, and professionals to provide very secured cards for all your transactions.


  • High fees and interest rates: Cryptocurrency exchanges often add fees, usually 3-5%, to credit card transactions, reducing potential profits. Additionally, credit card companies may treat crypto purchases as cash advances, incurring high-interest rates and immediate accumulation. Failing to promptly clear the balance may result in interest charges exceeding potential gains.
  • Security Concern: Credit card transactions via credit cards have potential security risks. If your card is stolen, there may be unauthorized transactions on the card

Risks of Buying Bitcoin with a Credit Card

The rise of Bitcoin has ignited a gold rush mentality. Nonetheless, engaging in Bitcoin transactions using a credit card exposes you to various risks.

Here are three significant risks you may face when buying Bitcoin with a credit card and strategies to minimize these risks:

Paying high exchange Fees

Because of the hefty exchange fees, purchasing Bitcoin using a credit card carries a significant risk. Many cryptocurrency exchanges charge more for credit card transactions than bank transfers or alternative payment methods. You may explore options like bank transfers or peer-to-peer transactions and select exchanges with competitive fee structures to minimize fees.

Getting Debt

Exercise caution when using a credit card to purchase Bitcoin, as there is a risk of accumulating debt, particularly if the investment does not yield anticipated returns. The volatile nature of cryptocurrency markets increases this risk, and a decline in Bitcoin’s value may lead to debts exceeding the value of your holdings. To manage this risk, only invest funds you can afford to lose, establish a budget, and promptly settle credit card balances to avoid incurring high-interest charges.

Getting Scammed

Buying Bitcoin with a credit card comes with a high risk of scams. Scammers target those eager to profit from the crypto boom, using credit card transactions to exploit unsuspecting buyers. To minimize the risk, investors should thoroughly research the legitimacy of their chosen cryptocurrency exchange, opt for reputable platforms with a strong security history, and enable two-factor authentication (2FA) for added account protection.

Investing in Bitcoin can make you money but, as you’ve read, using a credit card has significant risks. You might have to pay high fees, get into debt, or be scammed. To avoid these risks, consider other payment methods, set realistic investment limits, and prioritize security measures.

Can You Buy Bitcoin Anonymously with a Credit Card?

Buying Bitcoin anonymously via credit card comes with some challenges, primarily due to the widespread requirement for users to undergo a verification process across most cryptocurrency exchanges and platforms. Even if you choose to use crypto wallets such as Trust Wallet, you must complete the KYC (Know Your Customer) before you buy Bitcoin with a credit card.

This process involves providing your personal details such as name, address, and an ID document. It is, however, almost impossible to buy Bitcoin anonymously using a credit card.

Alternative Ways of Buying Bitcoin

There are several other ways for you to buy Bitcoin without using a credit card. You can buy Bitcoin from some crypto exchanges using payment options such as debit cards, Payoneer, PayPal, Skrill, etc. You can perform a spot trade, waiting for a more favorable price before making your purchase. Our Bitcoin price prediction might be of some help, in that regard.

Buy Bitcoin via p2p on Binance


Another way for you to buy Bitcoin is making use of the peer-to-pay (P2P) section of your favorite crypto exchange. These P2P platforms allow you to pay with other payment options such as bank transfers, PayPal, Skrill, Wise, and so many other options. Notably, various online payment methods, including Apple Pay, Google Pay, and digital wallets, can be used to purchase Bitcoin.

You can even make purchases from physical Bitcoin ATMs – with cities like Tokyo (Japan) holding over 100.While each alternative method has its pros and cons, they offer flexibility for you if you either lack a credit card or prefer not to use one for Bitcoin transactions.

Is A Credit Card the Best Way to Buy Bitcoin?

If the collapse of major crypto projects is yet to deter you, the convenience and quick access to cryptocurrency offered by using a credit card to buy Bitcoin may seem appealing, but it’s important to recognize that the associated risks often outweigh the rewards.

The substantial losses that can arise from the high volatility and potential price fluctuations of Bitcoin should be taken into consideration. Additionally, credit card purchases may incur high fees and interest rates, diminishing potential gains. Security concerns, including the risk of fraud and hacking, further emphasize the need for caution when opting for credit cards in cryptocurrency transactions.

On the flip side, using a credit card for Bitcoin purchases does offer convenience and the opportunity to earn rewards. However, it is advisable to explore alternative payment methods like bank transfers or cryptocurrency exchanges linked to debit cards, which may present a more secure and cost-effective approach. For those considering whether they should buy Bitcoin or not conducting thorough research and gaining a clear understanding of associated risks is needed.


How to Buy Bitcoin With a Credit Card FAQs

How long does it take to buy Bitcoin with a credit card?

The timeframe for completing a Bitcoin purchase with a credit card can vary, but the process is generally swift – with the acquired Bitcoin transferred to your wallet [usually] within 10 minutes.

Why won’t my credit card work for Bitcoin?

It’s crucial to note that not every credit card can be used for Bitcoin transactions. It’s essential to select a card accepted by your chosen exchange and verify that it is authorized for such transactions. Potential factors affecting compatibility include unsupported card types, insufficient funds, or restrictions imposed by your card issuer.

Can I buy Bitcoin with a credit card anonymously?

Buying Bitcoin using a credit card involves sharing personal and financial details, making the transaction less than fully anonymous. Although not entirely free of anonymity, using privacy-focused cryptocurrencies can increase the level of privacy in such transactions.

My credit card has been stolen – can someone use it to buy Bitcoin?

If your credit card is stolen, the thief could potentially make unauthorized Bitcoin purchases using your card details. It is essential to promptly report the theft to your card issuer to prevent such activities. While exchanges usually implement security measures, reporting the theft to your card issuer immediately is crucial for additional protection.