Then, choose a crypto exchange like Coinbase, Kraken, or Crypto.com that supports credit card payments. Visit their websites to verify updated policies on accepted payment methods and supported countries. Some credit card providers treat buying cryptocurrency as a cash advance, which means you’ll pay the usual cash advance fee. With cash advances, interest rates can also be high and usually begin accruing immediately. Buying cryptocurrency with a credit card has become easier, thanks to growing support from mainstream exchanges and fintech solutions. However, not every exchange supports this payment method, and those that do often apply higher fees.
However, some providers may hold the amount temporarily, so it’s essential to monitor your statement and follow up if needed. Large credit card purchases raise your credit utilisation ratio, which directly affects your credit score. Buying crypto with a card, especially near your credit limit, can hurt your score and reduce your borrowing capacity for other essentials. If you already hold crypto, converting one coin into another is a seamless method. Most platforms, including Uniswap, Binance, and Coinbase, support crypto-to-crypto trades. This is ideal if you want to diversify your portfolio without additional fiat deposits or credit-related fees.
However, credit cards may also offer more flexibility, particularly if you need to keep your bank balance available for other expenses. For example, you might have $500 available with a debit card, but your unused credit card limit might be thousands of dollars. Credit cards offer a grace period, during which no interest accrues.
Market Volatility and Loan Repayment
Best Wallet offers the best choice for many users based on its ease of use and flexibility in using the crypto you purchase. If you already own some crypto, a direct crypto deposit can be one of the most affordable ways to fund a crypto trading account. However, you’ll pay a fee to the crypto network for sending crypto to another wallet.
After completing the purchase, your crypto should arrive within a few minutes to an hour. Skipping this step leaves your assets exposed to How to buy crypto with credit card platform hacks, downtime, or withdrawal limits. MoonPay is commonly used for non-custodial purchases, with MoonPay excelling in quick conversions. KuCoin supports the largest asset range and is available in most countries, though fees can vary by region and payment provider. If your card works, expect the purchase to be treated as a cash advance.
Which credit cards allow you to buy cryptocurrency?
- We write product reviews and comparison articles in the field of cryptocurrency.
- Most crypto transactions using credit cards fail not because of the card network, but because of the issuing bank’s internal policies.
- Lastly, the site has a spot, margin, futures, and options market to trade.
- Lastly, portals, as mentioned above, are the top ten for buying crypto with a credit card.
Binance charges no trading fees when you buy crypto in its platform. This platform’s safety and protection are pretty distinguished that protect the essential data of investors. In addition to that, its trade volume is quite eminent among some leading cryptocurrency exchanges. Furthermore, you can also reserve your virtual currency like bitcoin on the site’s cryptocurrency wallet. But, it is always advised to store bitcoins in your hardware wallets.
Purchasing BTC With a Credit Card vs. a Debit Card
Using a credit card to buy crypto may allow for larger purchases and keep your cash available for other purposes. Trading features include spot trading, margin trades, futures (up to 100x), and copy trading. These features, combined with a user-friendly interface and massive crypto selection, make KCEX a leading choice for active traders. Hard-to-find altcoins provide another draw and allow traders to invest in coins not yet available on larger platforms. With a vast selection of more than 1,300 coins, CoinEx provides trading opportunities you might not find elsewhere. The platform also offers a launchpad that offers new tokens before they get listed on the main exchange.
Alternatives to Buying Crypto with a Credit Card
- Most platforms, including Uniswap, Binance, and Coinbase, support crypto-to-crypto trades.
- For example, you might have $500 available with a debit card, but your unused credit card limit might be thousands of dollars.
- Leaving funds on exchanges exposes them to hacks or lockouts, which are still common even in 2025.
- To make things more secure, it works through Escrow to protect your funds.
- High transaction fees, poor credit terms, and increased tax obligations make this method more suitable for occasional use rather than regular investing.
Some banks, like Chase, Citibank, and Capital One, continue to block these transactions entirely. Even cards issued by crypto companies, such as Gemini, don’t necessarily allow crypto purchases. High transaction fees, cash advance charges, and strict issuer policies make it important to know what you’re signing up for. This guide breaks down how to buy crypto using a credit card in 2025, which platforms and cards work, what fees to expect, and how to do it safely.
Coinbase, Binance, MoonPay, and others support it in most regions. Yes, it’s generally safe to buy crypto with a credit card, but only if you’re using a well-established, regulated platform. If you’re using an international platform, there’s a good chance your bank will apply a 1–3% foreign transaction fee. And unlike normal purchases, cash advances start accruing interest immediately, usually at an APR between 17.99% and 29.99%. Credit card fees can range from around 2.5% to as high as 5% of the transaction amount.
What Are the Benefits and Drawbacks of Buying Crypto With a Credit Card?
Expect to pay more for the coins or tokens themselves when you buy crypto with a credit card. OKX also offers a separate exchange for US customers, which also supports credit card purchases. The US-only platform strips many advanced trading tools, including futures and margin trades, to comply with regulatory guidelines. Just like many exchange portals, Bitpanda supports a Visa card, Master Card, and payments through third-party processors overly.
Once your account is set up, log in and find the “Buy Crypto” button. This is usually prominently displayed on the main dashboard of the website or mobile app. Other risks center around consumer finance, including rising credit balances and other potential effects on your credit score. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. This space changes rapidly and evolving, so please make sure to do your own research.
Further, as many investors prefer Binance over other trading platforms, its liquidity is comparatively high. Security and protection of data is one of the best among all exchanges. Buying bitcoin with a credit card is super easy and quick with Binance. If you can’t pay off your balance immediately, the high APR on cash advances (often 18–30%) will rack up interest from day one. If you’re unsure whether your card will work, the best approach is to call your bank directly. Let them know you plan to make a crypto-related purchase so the transaction isn’t flagged or auto-declined.
