How to buy Bitcoins with a credit card?
Buying Bitcoins using a credit card used to be very difficult. But as the industry is spreading and encompassing many different methods, finding out how to buy Bitcoins with a credit card is not nearly as difficult as it used to be.
There are several ways to buy Bitcoin with a credit card. Companies like Coinbase (for the US, Canada, Europe & UK), an exchange, and CoinMama (worldwide), a bitcoin broker, have made the process smoother and faster in recent years. However, please check whether you credit card is accepted by a bitcoin seller. For example, at the time of writing, CoinMama accept credit and debit cards only from VISA and MasterCard.
Other steps of buying your bitcoin are also simple. As CoinMama explains, there are three main steps:
1. Create Your Coinmama Account
2. Get Verified for Bitcoin Purchase
You need to verify your account before you can buy BTC with credit or debit card. This involves the uploading of your passport, national ID or other documents based on your preferred level of verification. Once approved and cleared, you can buy Bitcoins for up to 15,000 USD with your credit/debit card.
3. Place Your Bitcoin Order
Log in to the Coinmama account you created in Stage 1, enter the desired wallet address, fill out the form and buy Bitcoin instantly.
Another way to buy Bitcoin with a credit card is through an exchange. Read our reviews to select the exchange that fits your needs. Keep in mind, not all of them take credit cards! Some, like Binance, don’t let you trade with fiat money at all. Coinbase, Coinmama, BitPanda and CEX.io are your possible bets. There are restrictions, however, on how much you can purchase weekly - consult the exchange of your choice.
Also, stay safe! It's possible that sketchy companies selling Bitcoin may be collecting card information and could possibly use your information to make fraud purchases with your card.