Its goal is to prevent money laundering, fraud, and other illegal activities. Here’s a step-by-step process to buying cryptocurrency with a credit card. Here’s a list of credit card providers that don’t allow cardholders to purchase crypto. Unfortunately, it’s difficult to find credit cards that allow customers to buy cryptocurrency. Buying crypto with a credit card often includes multiple hidden costs. Here’s a breakdown of the most common fees you’ll face during the transaction process.

Use Peer-to-Peer (P2P) Platforms

Yes, many crypto exchanges allow users to buy crypto with credit cards. These include full-service exchanges like Binance and OKX as well as specialized trading platforms such as Margex and BloFin. Crypto exchanges use their own processor or integrate with third-party providers to facilitate credit card purchases. Platform fees for debit How to buy crypto with credit card and credit cards are often the same, with 4% fees for either payment method not uncommon.

• The trading platform offers a full suite of trading tools, including leverage trading, futures, yield products, and more.
• Before proceeding, confirm your card issuer’s specific fees and policies to avoid surprise charges.
• Kraken balances accessibility with strong security features, making it a favorite among more cautious investors.
• Once your account is funded, you can trade to any of 300+ other assets on the platform.
• That’s before you factor in spread markups, which are often 0.5% to 2% above the market rate.
• They’ll usually redirect you to their page and prompt you to create an account if you don’t already have one.

Purchasing BTC With a Credit Card vs. a Debit Card

Binance offers the most competitive rates, especially for high-volume traders, but some U.S. users face restrictions. Kraken balances accessibility with strong security features, making it a favorite among more cautious investors. To buy crypto with a credit card on Best Wallet, you’ll need to set up an account. Best Wallet will send a verification code to your email, which you’ll enter into the app. The app will prompt you to create a four-digit passcode for logging into your account. Know Your Customer (KYC) is a process crypto service providers (exchanges, wallets, payment processors) use to verify your identity.

What fees do I pay when I pay for cryptocurrency with a credit card?

The platform is secure and has a high reputation in the crypto community. If you want to buy BTC with a credit card along with fiat currency options, KuCoin is the perfect choice for you. Investors can access the payment with the help of a mobile application as well as a web page. It’s also not worth it if your issuer treats the transaction as a cash advance—, ees and limits are worse, and you won’t earn rewards. If prices crash before you’ve cleared the debt, you’re left holding the loss and the bill. If you carry the balance for even a few weeks, interest adds even more.

CoinEx has become well-known for margin trading (spot market) and leveraged perpetual futures. Founded in 2018, MEXC has quickly become one of the most popular exchanges in the world. Part of that popularity stems from a user-friendly KYC (Know Your Customer) policy. Users can buy crypto with a credit card or other funding source with no verification unless they need to withdraw more than 10 BTC or equivalent value.

Market Volatility and Loan Repayment

The exchange platform charges up to 4% fees on buying crypto with credit/ debit cards. Further, the client service provided by the website is also excellent. CEX.io has a simple and user-friendly interface, which helps you buy bitcoin with a credit card.

These typically support BTC purchases using cash or (sometimes) debit cards, although some also offer ETH or other popular assets. In the US, federal rules favor credit cards for online purchases over debit cards. By comparison, the liability for unauthorized credit card transactions is likely zero if the charges derive from online transactions. In recent times, many exchange platforms have emerged to provide the purchase of BTC with a credit card.

Interest fees, transaction fees, and potentially declined transactions give reasons to think twice about using a credit card. You can buy crypto with a credit card through third-party providers that deposit funds directly into your KCEX trading account. KYC is not required in many cases, although completing identity verification unlocks higher withdrawal limits.

• Here are a couple of alternatives to buying crypto with a credit card.
• Unfortunately, it’s difficult to find credit cards that allow customers to buy cryptocurrency.
• This triggers cash advance fees, typically ranging between 3% to 5% of the purchase amount.
• Binance charges no trading fees when you buy crypto in its platform.

When using platforms like Uniswap or OpenSea, users can click “Buy with Card,” which redirects them to MoonPay. American Express generally charges about 3% with immediate high interest (around 26–29% APR). VISA and Mastercard fees typically range from 3–5%, with APRs near 24–27%.

We always recommend that you carry out your own research, including reading user reviews, before choosing a platform to buy crypto with a credit card. There are some pros and cons you need to be aware of before you buy crypto with a bank card. We’ll go through some of these below, so you’re fully informed before you decide if a credit card crypto purchase is right for you. This can impact fees, KYC requirements, or will vary depending on geographic availability, so it’s worth comparing. Yes, both exchanges and credit card statements keep records of transactions. These records can be used to trace the cost basis and date of acquisition, which are crucial for calculating crypto capital gains or losses during tax season.

It will display a list of offers from which you can choose any offer and complete the transaction. Find it on the list or type it into the search box, then select it to proceed. Policies vary, so check with your card provider before making a purchase.

Popular Ethereum Dapps: Top Apps, Categories & Safety Tips

For the widest choice of payment processors, check out MEXC, which integrates MoonPay, Banxa, Mercuryo, and more. Binance is a strong pick if you’re after low VIP-tier fees and huge token variety, including meme coins and newer launches. However, if you’re focused on futures trading or copy trading, you might want to consider BloFin. If transparency is important to you, CoinEx offers a 100% reserve rate and low trading fees. In the table, you’ll find seven best platforms to buy crypto with a credit card in 2025.

However, note that buying crypto without KYC often means paying higher fees. Typically, centralized exchanges require you to verify your identity to start trading cryptocurrency. Once you have your account funded with crypto, you can use it with popular decentralized applications to earn a yield or swap to other cryptocurrencies.

The US platform focuses on spot market trading to comply with regulatory requirements. Coinmama is a recognized as one of the oldest exchange platforms to buy crypto with credit card. This online portal was initiated in 2013, and since then, it has been pretty successful in helping investors trade according to their requirements. Various centralized exchanges such as Binance, KuCoin, Cex.io, etc., allow you to buy crypto with credit card. Before selecting any arbitrary website, make sure you know a few things about these top platforms from our list. This will help you have a good understanding of your choice and help you in making a better decision.

Risks of buying cryptocurrency with a credit card

Many banks shy away from crypto purchases, particularly those made with credit cards, due to crypto’s volatility. The buyer may be buying an asset that will be worth considerably less than the debt incurred. Chargeback risk is another reason banks remain skeptical about funding crypto credit card purchases. A selection of P2P providers and third-party providers provides an on-ramp, letting users buy crypto with a credit card or other funding methods. The platform also supports crypto deposits on a wide range of networks, allowing users who already own crypto to fund their account without credit card fees.