Buy cryptocurrencies with credit card

Buy Cryptocurrencies with credit card

This guide will compare different ways to buy cryptocurrencies with a credit card such as VISA or Mastercard. We shall review platforms like Coinbase, CoinmamaBitpanda and more in terms of verification, credit card fees and countries that have the access to bank card purchases.

When dealing with cryptocurrencies, speed is sometimes crucial as the fluctuations of the value happen in minutes, rather than days. Thus you, as a trader, would need an effective payment or deposit method that can be conducted instantly. Credit cards are one of the best options out there as they are secure, fast and, sometimes, cheap to use.

Why are Credit Cards Popular?

The very first reason is that you have enhanced security features when purchasing coins using credit cards. Visa developed 3D while MasterCard has SecureCode, both protecting the buyer in several ways. The merchants need to wait up to 10 minutes to receive the payments. Thus, you as a user have a dedicated time left to cancel out the order.

You are also protected from attacks coming in from the third party, as you need to provide unique codes generated through your phone in transactions. Lastly, transfers made by credit cards are really fast when compare to other methods. It takes up to 15 minutes for payment to be processed, much faster than bank transfers, which can take up to five days.

Exchanges that Accept the Credit Card

In this article, we go through seven top cryptocurrency exchanges that accept credit card payments from their users. The platforms are evaluated in terms of the verification requirements, credit card fees, regional availability and fiat currency coverage.

These platforms are Coinbase, Coinmama, BitPanda, SpectroCoin,, and Bitstamp.


Being one of the largest cryptocurrency markets when it comes to bitcoin trade, Coinbase was inevitably added to this list. Their services are available for 32 countries only but do offer credit card purchases for a fee of 3.99%. The payment process is quite simple. You need to provide your credit card’s details and set volume of BTC, as shown below.

Buy Cryptocurrencies with credit card coinbase

Apart from credit card verification, you have to provide scanned ID and proof of address prior to the trade. Thus, the crypto exchange does not offer privacy when buying currencies. You can purchase bitcoins, Ethereum and Litecoin at Coinbase. Accepted fiat currencies are USD, EUR, and GBP.


Coinmama is one of those cryptocurrency platforms that accept only credit cards as the payment method. Traders from around the world can register an account at the crypto exchange. The verification is needed for trade to take place as the company follows both KYC and AML policies. You can check out the purchase widget in a picture below.

Buy Cryptocurrencies with credit card coinmama

Much like Coinbase, you have to verify your identity before you can start trading at Coinmama. Accepted fiat currencies are USD and EUR while tradable cryptos are BTC and ETH. The fees are a little bit higher than the industry average, as you have to pay 5% for credit card transfers.


BitPanda is a European cryptocurrency exchange and wallet that offers several purchase options, credit cards included. The payment method is available once the trader achieved Gold level verification, which requires scanned ID and web camera conversation. Available cryptos are BTC, ETH, DASH, LTC, and BCH while a fiat currency that you can use is EUR. You can see the available choices in the picture below.

Buy Cryptocurrencies with credit card bitpanda

You need to live in Europe to be able to use the BitPanda’s services. The fees are not shown transparently and our estimate, judging from the industry averages, stands at 5%.


SpectroCoin is one of those cryptocurrency exchanges that supported trade in numerous countries with the help of numerous payment methods. Credit cards are also available for a fee of 5.5% while there are 20 fiat currencies that you can use. As for the cryptocurrencies, coins that can be purchased are bitcoin, DASH, Ethereum, and XEM.

The purchase of cryptos is done through deposits first then instant exchange, as shown below.

Buy Cryptocurrencies with credit card spectrocoin

The service is available around the globe while verification is a must when credit cards are used., being one of the globally available exchanges, became quite popular in the crypto world. The platform offers credit card purchases for a fee of 3.5% + $0.25. Although verification is not needed for certain methods, credit cards do come with complete identity check demands.

Once verified, you get $3.000 daily and $20.000 monthly limits. The purchase process is then quite simple, as you have to swap your USD or EUR funds with selected cryptocurrency, as shown below.

Buy Cryptocurrencies with credit card cex

The accepted fiat currencies are USD, EUR, BGP and RUB while crypto coins are BTC, ETH, and BCH.


Bitstamp is a cryptocurrency exchange giant that, apart from bank transfers, accepts credit card deposits as well. You need to fully verify your account with scanned ID and proof of address before you will be allowed to trade.

The credit card would cost you 5% of the transaction value while accepted fiat currencies that you can use are USD and EUR. Cryptos that can be traded at Bitstamp are BTC, ETH, LTC, Ripple, and BCH, as shown below.

Buy Cryptocurrencies with credit card bitstamp


Being a P2P platform, LocalBitcoins offers a single marketplace where traders buy and sell bitcoins between each other. The BTC is the only currency being traded while credit card purchase method availability depends on individual sellers. While verification is not mandatory, you would do well to work with well-reputable sellers when using credit cards. The fees stand at 1% and service is available globally. The credit card offer is not numerous as another method, as seen in the picture below.

Buy Cryptocurrencies with credit card localbitcoins


We prepared a small table of comparison per exchange to help you decide which platform suits your needs.

From the investigation, we can clearly say that credit cards, although safe, come with verification requirements and high fees. Only LocalBitcoins would allow you to get BTC without scanned ID though beware the scams, as they have been reported in the past.
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