The top credit cards to buy Bitcoin is Visa and MasterCard (Debit or Credit), however, you can buy Bitcoin through bank transfer, on Skrill, Neteller, and Payeer payment processing platforms.
We feature the top brokers and exchanges that offer the option to buy bitcoin (BTC) with a credit card or debit card. For larger sums, you can also send a wire transfer. We list exchanges and services based on personal experience, and reputation. Please view the risks associated with Bitcoin and cryptocurrency trading at the bottom of this page. Also, access our affiliate disclaimer.
Buying cryptocurrencies online is easy and quite simple, especially if you know the best crypto websites that offer crypto at a good exchange rate. However, outside good exchange rate and easy payment processing sites like blockchain, there are few credit card company that favors buying Bitcoin with their credit card.
Bitcoin as you know it is one of the largest and leading cryptos; a decentralized digital currency with no third-party regulation like banks and other financial agencies.
Bitcoin Exchange – Buying and Selling Bitcoin Online
The idea of a Bitcoin transaction is to transfer ownership of an amount of Bitcoin to a Bitcoin address. When you send Bitcoin, a single data structure, namely a Bitcoin transaction, is created by your wallet client and then broadcast to the network.
Where to Buy Bitcoin with a Credit Card and What Type of Credit Card they accept
Bitcoin has turned a global digital financial mainstream, but the challenge faced by most Bitcoin users in the past is the limitation of instant Bitcoin buying or exchanging with credit cards.
Currently, the big guys in the Crypto market exchange except for Bitcoin exchanges through many payment options, but not with credit/debit cards. The challenge is that Bitcoin transactions or exchanges or buying is irreversible.
That said, there are now many Bitcoin exchange platforms that have plugged into the game of buying Bitcoin or accepting credit card & debit cards as payment means. Here is the list of such markets and the type of credit card they accept;
- Paybis – Buy with Visa, Mastercard (Debit or Credit), bank transfer, Skrill, Neteller, and Payeer.
- Bittrex – Buy with Visa debit or Mastercard, USD wire transfer, or cryptocurrency.
- Coinmama – Buy with a credit card, debit card, or wire transfer
- KuCoin – Buy bitcoin with Visa or Mastercard (debit or credit).
- Binance – Buy bitcoin with Visa or Mastercard (debit or credit)
What happens When I buy or sell Bitcoin?
A Sender sends a Bitcoin amount to an address connected to the Bitcoin wallet.
The bitcoin amount received is locked to the receiving address – which is connected to a Bitcoin wallet.
Each time Bitcoin is spent, the amount spent will always come from funds earlier received and currently present in the Bitcoin wallet.
Addresses receive Bitcoin, but they do not send Bitcoin – Bitcoin is sent from a wallet.
With all we have said, you can buy Bitcoin online as a Bitcoin trader and trade for other currencies like Dollar, euros, pounds, AUX, and other currencies. You can also trade Bitcoin for other cryptocurrencies like Ethereum, Litecoin, Bitcoin Cash, Ethereum Cash, etc. (USDT, BTC, EOS, LTC, ETH, and XRP)
How do I credit My Bitcoin Wallet with Credit Card?
If you want to buy bitcoin online with your credit card, you will need to open a Bitcoin account or wallet with a bitcoin exchange website. You need to have your credit card details readily. You need to as well check for the current Bitcoin exchange to the currency or local currency you want to buy with. Finally, you need to check if your credit card company is among the listed credit cards that can be used to purchase Bitcoin.
How to Buy Bitcoin with Credit Card How to Use Top Credit Cards to Buy Bitcoin Online
If you have made available the required information above and have confirmed that your credit card can buy Bitcoin then follow the instructions below to buy bitcoin or credit your Bitcoin wallet with your credit card.
- Create a Bitcoin Wallet and account with a bitcoin exchange site or market
- Set up your account or wallet by providing all the information required
- A bitcoin address (a 64 Hexadecimal address, mad of numbers and letters, will be assigned to your wallet).
- Navigate to the Bitcoin purchase page of that market or site
- Click on buy and make use the credit card option
- Key in your credit card details
- Confirm the information and click buy
Note that most of the bitcoin exchange sites only accept only MasterCard and Visa cards. Just a few accept Discover payment processing credit cards.
Why Use a Credit Card to Buy Bitcoin
Just like buying or shopping online, there is no physical market where Bitcoin is sold except in the event you come in contact with someone physically who wants to sell their bitcoin and you have the cash to pay him. Otherwise buying or crediting your bitcoin wallet has to be through a credit card or PayPal account, but the most accepted means of buying Bitcoin is through your Bank account.