Virtual Currencies are the touted to be the future ahead and everyone wants to get the pie of the cake. If you are looking to buy bitcoin with credit card or debit card instantly, then you are on the right place. This blog lists the popular exchanges from where you can buy bitcoins with credit card or a debit card. Some of these exchanges allow to buy bitcoins with credit card and debit card anonymously and without id proof as well. The anonymous purchases might have some transaction limit though.

Historically, its been very difficult to buy bitcoin with credit card because credit card payments are reversible via charge back but the bitcoin transfers are not reversible at all. This leaves bitcoin owner vulnerable to frauds. With that said, a lot of exchanges now provide protection and hence provide the facility to buy bitcoins with credit card.

Here, we shall have a look at the top exchanges offering to buy bitcoin with Credit card :

1. Buy bitcoin with credit card or debit card at Coinmama

Coinmama is another popular site to buy bitcoin with credit card. So much so that they support buying of bitcoin only through credit card and there is no other way to buy bitcoin from Coinmama as of today.

The process to buy bitcoins from Coinmama is really simple once you have signed up. An added advantage with coinmama is that the account doesn’t require KYC till a particular amount and hence you can start buying straight away !

1. Chose the amount you want to buy from pre populated amounts or add your own.
2. Chose the bitcoin wallet where you want to transfer the coins. Please note that Coinmama doesn’t provide the wallet to store the coins so you must have your own wallet. If you don’t have a wallet address, then you need to checkout the Best bitcoin wallets
3. Pay with credit card(only supported payment method as of writing this post) and coins are moved to your wallet.

Money Availability: Coinmama also uses simplex for credit card charges. The money is available almost instantly to buy bitcoin.

Countries: Coinmama is available in most of the countries across the world.

Fee Schedule: Deposits from Credit card are charged 5% with a minimum of 10 USD

Anonymity: 150 USD worth of bitcoin per day month can be bought without identification verification. You need to get KYC compliant to buy more coins.

2. Buy bitcoin with credit card or debit card at Cex.io

Registrations are currently suspended at Cex.io, you can use coinmama to buy bitcoin with credit/debit card.

Cex.io is a popular bitcoin exchange and a pioneer in offering to buy bitcoins with credit card. It offers other methods as well to buy bitcoins but the exchange is better known for buying bitcoins with credit card.

The process to buy bitcoin is really simple once you have signed up to cex.io and involve 3 simple steps:

1. Deposit Money from Credit Card using the Deposit tool at top right in your dashboard
2. Add the credit card in the screen that appears next.
3. You now have money and can go straight to buy the bitcoins at cex.io
4. That’s it.

Money Availability: The money is available almost instantly to buy bitcoin. The payment processor which cex.io and major other exchanges use i.e Simplex might be under load sometime and money will take some time to be transferred in that case.

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Countries: Cex.io is available in most of the countries across the world.

Fee Schedule: Deposits from Credit card are charged 3.5% + 0.25 USD

Anonymity: 300 USD worth of bitcoin per day and 1000 USD bitcoin per month can be bought without identification verification. Limits are increased once you are at different stages of identity verification.

3. Buy bitcoin with credit/debit card at Paxful

Paxful is a new entrant into the bitcoin buying exchanges. However its a very powerful and different option. Paxful is a true peer to peer exchange and helps facilitate peer to peer coin transfer just like Localbitcoins. The sellers provide plentiful options including credit cards and Paxful helps in facilitating the transactions. One possible caveat in Paxful though is that there is no seller who accepts payment in credit card in your area/country, that would be a very rare instance though.

The process to buy bitcoin from Paxful is much more involved since there is no single price at which you get the bitcoin as Paxful is more of an exchange. Once you sign up for Paxful, you are ready to buy your bitcoin with credit card.

1. Click “Buy Bitcoin” in your dashboard. You will be presented with the list of available offers. Filter the list for the ones accepting the credit card. Please note that the price of bitcoin may differ than normal when buying with credit card.
2. Once you like an offer, click buy on that offer and you will be taken to the page where you can initiate the chat with seller. As soon as you click buy, the bitcoin from seller is transferred to the escrow
3. Now the seller will hand over the link to the payment gateway where you can make the payment.

Money Availability: Since you are transferring directly to the seller, money availability is not a problem.

Countries: Paxful is supported in most of the countries and they are quickly adding more.

Fee Schedule: Whatever the payment gateway of the seller charges. Paxful charges 1% of the transaction amount to the seller.

Anonymity: Its quite possible to buy anonymously on Paxful. You can find sellers who don’t request id proof or any other official document. If you want more anonymity, you can pay via cash as well depending upon your country.

You may also like our post : How to Buy Bitcoin in India : Best Exchange and Trading Sites !

4. Buy bitcoin with credit card or debit card at Spectrocoin

Spectrocoin is a London based cryptocurrency exchange. Spectrocoin offers to buy ethereum and Dash in their platform with credit/debit card. The process to buy bitcoin from Spectrocoin is really simple just like other exchange platform:

1. Open your account at Spectrocoin.
2. Verify your account(Please note that to buy bitcoin from Spectrocoin with credit/debit card, you need to verify your account).
3. Add Card to your Spectrocoin account.
4. Deposit Fiat Currency. Please note that Spectrocoin supports only EUR as a fiat currency if you want to purchase using credit/debit card.
5. Once the currency is there. You can now buy coins (Spectrocoin provides their own wallet so your coins will land up in that address).

Money Availability: Since you are transferring directly to the seller, money availability is not a problem.

Countries: Spectrocoin is supported in most of the countries.

Fee Schedule: 5.5% for transfer through Debit/credit card. Exchange fees is charged extra.

Anonymity: You can’t buy anonymously using spectrocoin with credit/debit card. You must get verified to buy through debit/credit card.

5. Buy bitcoin with credit/debit card at Coinbase

No list is complete without the mention of coinbase. Coinbase is the cryptocurrency unicorn and the most popular platform by the number of transactions.

Coinbase provides a couple of ways to buy bitcoins. One of them is through their own wallet just like other players i.e buying from them. The other option is their platform GDAX where you setup a trade and coinbase matches your order with order trade to buy you the coins from some other person.

The process for buying from coinbase is pretty simple and you can follow the following steps

1. create an account from coinbase.
2. On the dashboard create a payment with your credit or debit card.
3. Transfer Funds
4. Now you can buy bitcoin using the funds available in your coinbase wallet.
5. The coins are transferred to the coinbase wallet which coinbase provides to all the users.

Money Availability: With credit or debit card, you can buy instantly on coinbase.

Countries: Coinbase is supported in 33 countries and you would need to check if its available in yours or not.

Fee Schedule: 3.75% for transfer through Debit/credit card. Exchange fees is charged extra.

Anonymity: You can buy upto 150 USD anonymously.

If you wish to know about Ethereum, another rising cryptocurrency you may refer our post : Buy Ethereum with credit card or debit card instantly !

Risk Warning :  Bitcoin is inherently risky asset. Please do your own due diligence of the bitcoin as well as the exchange/trading site you want to trade on before entering the trade. This blog post can’t be constituted as a professional advice and Fintrakk.com or any of its representatives are not responsible for any losses occurring due to investment in bitcoins !!

Hope you liked these details on exchanges supporting buying the bitcoins using credit card or debit card. Have you used any of the popular bitcoin exchanges or some others that you want us to include in the above list. Do let us know your experience of buying bitcoins with credit or debit card.