How to Buy Bitcoin with a Credit Card – Best Methods in 2024

One of the fastest ways to buy Bitcoin and other cryptocurrencies is with a credit card. While investors will first need to go through a KYC process, this often takes just minutes to complete.

In this guide, we explain how to buy Bitcoin with a credit card instantly. We also discuss where to buy Bitcoin with a credit card safely and with low fees in 2024.

Where to Buy Bitcoin with Credit Card – Top 5 Exchanges

Here’s a quick overview of the best websites to buy Bitcoin with credit card in 2024:

  1. MEXC: Best place to buy Bitcoin with a credit card in 2024. It offers a user-friendly interface, competitive fee structure, and innovative features like savings and copy trading.
  2. OKX: Offers low fees, a wide selection of cryptos, and advanced trading options. Earn passive income and utilize advanced trading tools.
  3. Binance: Binance is the largest crypto exchange for trading volume, and it supports credit card deposits across multiple currencies.
  4. PrimeXBT: Low fee exchange with a diverse asset offering, high leverage, and copy trading. 5% spot trading fee for Bitcoin. Offers leverage of up to 200X on Bitcoin futures.
  5. Exodus: Self-custody wallet with a built-in on-ramp to buy Bitcoin with a credit card. Supports over 50 different blockchains and as passive income-earning options.

Why Buy Bitcoin with a Credit Card?

Credit cards are just one of many payment types available when buying Bitcoin online. But are credit cards the best option?

Below, we explain why buying Bitcoin and other cryptocurrencies with a credit card is the most seamless option.

Fast Bitcoin Purchases

When it comes to speed, credit cards are the fastest way to buy Bitcoin. Transactions are processed within seconds, allowing investors to obtain their Bitcoin near-instantly.

Do I Need ID to Buy Bitcoin With a Credit Card?

  • Do note that in order to use a credit card to buy Bitcoin, a KYC process is required.
  • This means entering some basic personal information and uploading a copy of a government-issued ID.
  • The good news is that many Bitcoin exchanges have automated the KYC procedure.
  • This means that the documents will be verified in real-time. As such, from start to finish, buying Bitcoin with a credit card takes just minutes.
  • Moreover, once the initial KYC process is out of the way, future purchases will be instant.

Now compare this to another traditional payment type, such as a bank account transfer. Depending on the financial institution and payment network, this can take several days to process. In the meantime, investors might have missed out on a suitable entry price for their Bitcoin purchase.

High Security

There are several reasons why buying Bitcoin with a credit card is also the safest option.

How to Buy Bitcoin with a Credit Card

First and foremost, the best crypto exchanges supporting credit card payments are regulated.

  • What’s more, all crypto exchanges accepting credit card payments must follow certain rules, regardless of where they are licensed.
  • This includes verifying the user before a credit card can be used.
  • As noted above, this entails providing the exchange with a government-issued ID, such as a passport or driver’s license.

Another safeguard is that crypto exchanges use encrypted tools when processing credit cards. Put simply, this means that the exchange cannot see the credit card details being typed into its website. This prevents the risk of becoming a victim of fraud.

Where to Turn in the Event of a Fraudulent Credit Card Payment?

Consumers have the safety net of a chargeback should they experience a fraudulent transaction on a crypto exchange. For instance, the investor buys Bitcoin with a credit card but never receives the tokens. Or, the investor is charged significantly more than the stated fees and commissions. In these instances, the investor could contact the credit card issuer to begin the chargeback process. The credit card company will investigate the transaction accordingly.

Ultimately, there are plenty of security protocols in place to ensure buying Bitcoin with a credit card is safe.

Great for Dollar-Cost Averaging

One of the best long-term strategies when investing in Bitcoin is dollar-cost averaging. Those following this strategy will buy Bitcoin at fixed amounts at refined intervals. For example, buying $150 worth of Bitcoin at the end of each month.

  • Using a credit card for this purpose makes the strategy more seamless.
  • This is because the credit card details will already be saved on the chosen exchange.
  • Then it’s just a case of completing the payment on the respective date, which shouldn’t take more than a couple of minutes.

In comparison, dollar-cost averaging via bank transfers can quickly become cumbersome.

Simple Withdrawals

Buying Bitcoin with a credit card also makes it simple to cash out. As per anti-money laundering (AML) regulations, withdrawals must be made to the same payment type. This means that after selling Bitcoin back to real-world money, the funds can be withdrawn back to the same credit card.

What’s more, the credit card details will already be saved on the chosen exchange. As such, the process is fast and frictionless. While transaction times vary depending on the day of the week and the credit card issuer, the withdrawal should arrive in 2-3 business days.

Competitive Fees Are Available

In many cases, buying Bitcoin with a credit card is often the most expensive option. For example, Coinbase charges 3.99% on credit card payments. While Kraken and Crypto.com charge 3.75% and 2.99%, respectively.

eToro fees

That said, with over 200 crypto exchanges in the market, there are much cheaper options available.

As such, it pays to shop around when choosing a place to buy Bitcoin with a credit card.

Ideal for Mobile Payments

The crypto markets move at a rapid pace, so there might come a time when investors want to buy Bitcoin instantly. In this instance, the process is just as seamless when using a mobile device.

This is because most smartphones come with a secure ‘Auto Fill’ feature. This allows investors to instantly buy Bitcoin with a credit card no matter where they are.

The investor simply needs to log into their exchange account to complete the payment. In contrast, opting for a bank account transfer will take several days, irrespective of the device type.

Top Exchanges for Buying Bitcoin with Credit Card Reviewed

Now that we have covered the benefits of using a credit card to buy Bitcoin, we can now explore the best places to do so.

Below, we compare the best exchanges for the job in terms of fees, security, user-friendliness, speed, and other important factors.

1. MEXC – Overall Best Place To Buy Bitcoin With A Card In 2024

MEXC, established in 2018 and serving over 10 million users across 170 countries, is our top choice for buying Bitcoin with a credit card in 2024. 

The platform MEXC charges a 2% fee for buying crypto with a credit or debit card. Also, it has 0% spot trading fees and offers significantly lower costs than competitors, making it especially appealing for day traders and users with a lower trading volume.

With support for over 1,600 coins and a transaction capacity of 1.4 million transactions per second, MEXC combines diversity with high efficiency.

It offers spot trading with no fees, futures trading with up to 200x leverage, and margin trading. The platform provides advanced charting features for day traders and seasoned investors, including multiple indicators, drawing tools, and integration with TradingView charts.

MEXC Homepage

The platform also caters to beginners, with features like MEXC Savings, which offers the flexibility of locking in tokens like USDT and XRP for attractive APRs with the option for flexible unlocking. 

Additionally, its copy trading feature allows users to mirror the strategies of successful traders or have others copy their trades.

Purchasing cryptos on MEXC is simple, with multiple options, including bank transfer, SEPA, credit and debit card payments, and peer-to-peer transactions. 

The exchange also supports third-party payment processors like Moonpay, enabling direct crypto purchases through Google Pay and Apple Pay.

MEXC Copy Trading Feature Banner

Understanding the need for mobility in crypto trading, MEXC offers a user-friendly mobile app for iOS and Android users, enabling trading on the go.

MEXC also offers its native MX token, launched in 2019, providing holders with various benefits like voting rights, trading discounts, access to free airdrops, and more. 

The platform maintains a 1:1 proof-of-reserve for user assets, ensuring transparency and security for its users’ investments in ETH, BTC, USDT, and USDC.

Pros pros

  • Zero Spot Trading Fees.
  • Over 1,600 Cryptocurrencies.
  • High-Speed Transactions (1.4 million transactions per second).
  • Copy Trading Feature.

Cons cons

  • Not Available in the US (limiting geographic accessibility).

2. OKX – Prominent Crypto Exchange With Advanced Trading Tools

OKX is our next best choice for buying Bitcoin with a credit card. It is renowned for its low trading fees and extensive trading services. 

With over 370 supported markets, including popular and emerging cryptos, OKX caters to short-term traders as well as long-term investors.

The platform charges a mere 0.1% for market orders. For limit orders, the fees are lower at just 0.08%, which can be further reduced by achieving specific 30-day trading volume milestones.

Traders can deposit cryptos like Bitcoin into savings accounts to earn an APY of up to 5%. Other tokens have higher yields, with Near Protocol and Elrond offering up to 35.5% and 36% APY, respectively, positioning OKX as one of the best crypto-staking platforms.

For advanced traders, OKX offers a range of sophisticated trading products, including perpetual swaps, futures, and options.

OKX - Homepage

The integration with TradingView and the availability of charting timeframes ranging from one second to three months cater to the analytical needs of experienced traders. OKX also provides trading bots, allowing for the automation of trading strategies based on predefined rules.

OKX further improves user experience with its crypto wallet app, a non-custodial wallet that gives investors complete control over their private keys, ensuring a higher level of security and autonomy.

Pros pros

  • Low trading fees: 0.1% for market orders, 0.08% for limit.
  • Supports over 370 cryptos for diverse trading options.
  • Offers passive income through high-yield savings and staking.

Cons cons

  • Not available in the US and Canada.

3. Binance – Leading Crypto Exchange Supporting Bitcoin and Hundreds of Other Markets

Binance is the largest crypto exchange by some distance, with more than $7 billion worth of trading volume in the prior 24 hours alone. It offers some of the lowest trading commissions in the market, with traders paying just 0.1% per slide. Just like Crypto.com, lower commissions are available when meeting 30-day trading milestones.

After opening an account with Binance, users have the option of depositing funds with a credit card. But do note that fees will vary depending on the currency being used. For example, those depositing euros will pay 1.8%. Deposits in Australian dollars are slightly higher at 2%. In other cases (e.g. British pounds), the credit card fee is built into the exchange rate.

Binance review

As such, investors using Binance will need to check the specific fee based on their local currency. Nevertheless, we like that Binance supports hundreds of trading markets, so will appeal to active traders. Additionally, Binance offers Bitcoin savings accounts, although these currently yield just 0.25%. Binance also offers leveraged Bitcoin markets, including futures and options.

Pros pros

  • Largest crypto exchange by trading volume
  • Supports hundreds of crypto trading markets
  • Trading commissions from 0.1% per slide
  • Credit card payments can be made in more than a dozen fiat currencies

Cons cons

  • Credit card fees vary widely depending on the currency
  • Payment gateways are sometimes unavailable for specific currencies

4. PrimeXBT – Regulated Platform with Access to Advanced Bitcoin Trading Options 

Launched in 2018, PrimeXBT is a leading margin trading platform that offers access to crypto CFDs, commodities, indices, and forex. With a global reach in over 150 countries, PrimeXBT is designed to cater to a wide array of trading needs, including the ability to purchase Bitcoin using a credit card.

PrimeXBT stands out for its highly customizable platform, allowing users to tailor their trading experience to meet specific needs and goals. This customization is complemented by super-fast order execution speeds, averaging less than 7.12 milliseconds.

primexbt homepage

Once you complete KYC, you’ll be able to buy Bitcoin using a wide range of payment methods, including a credit card. This is done through Coinfy on the PrimeXBT platform.

PrimeXBT will not charge you for this purchase, but if you withdraw it to an external wallet, you will be charged a transaction fee. In terms of trading fees, PrimeXBT charges a 0.05% fee for any crypto trades.

For those looking for more advanced Bitcoin trading options, you can trade Bitcoin futures with leverage of up to 200X.

primexbt buy crypto

In addition to Bitcoin, PrimeXBT lists dozens of other cryptocurrencies. This includes Ethereum, Solana, Binance Coin, Avalanche, Toncoin, Cardano, and Dogecoin.  We like that PrimeXBT comes packed with security features such as cold storage, and two-factor authentication.

Pros pros

  • No purchase fee and low trading fees
  • Minimum deposit of just $10 for cash
  • US-based and provides institutional-grade security
  • Supports Bitcoin and over 40 other cryptocurrencies for futures trading – including some of the best utility tokens

Cons cons

  • Some trading features may not be suitable for beginners
  • No staking option
  • Need to buy at least $65 worth of Bitcoin when using a credit card

5. Exodus- Decentralized Crypto Wallet with Built-In Exchange

The next platform on our list is a wallet rather than a typical exchange. Launched in 2015, Exodus is a top Bitcoin and crypto wallet that allows users to buy Bitcoin directly in-app with a credit card and various other payment methods. Exodus wallet users can buy, sell, and trade Bitcoin and hundreds of other tokens from across 50 blockchain networks.

Exodus uses a third-party provider to facilitate crypto purchases, and the fees for this can be as high as 5.45%. This is higher than some of the exchanges above, but unlike the exchanges, the Exodus wallet is self-custodial, which means you will have full control over your crypto assets.

exodus wallet homepage

In addition to buying Bitcoin, users can access Web3 dApps (decentralized applications) and earn passive income on their other cryptocurrencies. Users can stake over 15 altcoins to earn as much as 13.78% per annum.

Exodus encrypts data and keys for security, and users will need to set up a backup phrase a secure password. For users interested in enhancing their security, they can connect their Exodus wallet to a Trezor hardware wallet and store the majority of their Bitcoin there.

Pros pros

  • Self-custody wallet gives you full control over your Bitcoin
  • Supports thousands of assets
  • Staking available on more than 15 assets
  • Available as a desktop or mobile app as well as a browser extension

Cons cons

  • High credit card fees
  • Staking not available on Bitcoin

How to Buy Bitcoin with Credit Card on MEXC – Tutorial

Wondering how to buy BTC with a credit card in just five minutes from start to finish?

We will now explain how to complete the process of buying Bitcoin with MEXC, a regulated broker that charges 0% (USD) or 0.5% (non-USD) on credit card deposits.

Step 1: Open an MEXC Account

The process begins by visiting the MEXC website, clicking ‘Sign Up’, and opening an account.

MEXC Sign Up

This is a standard registration process that will collect some basic personal information. Users will also need to verify their mobile number via SMS.

Step 2: Deposit Funds With a Credit Card 

Now the account has been verified, the user can deposit funds with a credit card. MEXC accepts Visa, MasterCard, and Maestro.

MEXC - Deposit Funds

Type in the credit card details, enter a deposit amount and complete the payment. The funds will instantly show up in the user’s account balance.

Step 3: Search for Bitcoin 

With a funded account, the next step is to search for Bitcoin on the MEXC website or app.

Simply type in ‘Bitcoin’ and click on the ‘Trade’ button. This will load an order box to buy Bitcoin.

Step 4: Buy Bitcoin 

The final step requires investors to fill out the order box that appears on their screen. Type in the amount of money to invest in Bitcoin.

To confirm the order, click on ‘confirm’. And that’s it – Bitcoin has just been purchased, and the tokens will now be safely stored by MEXC.

Can You Buy Bitcoin with a Credit Card with no Verification?

The simple answer is no – it is not possible to buy Bitcoin with a credit card without providing the exchange with ID. This is because crypto exchanges must follow the same anti-money laundering laws as traditional stock brokers.

In other words, users will need to provide personal information which is backed up by a government-issued ID. This is in addition to a recently issued proof of address document, such as a credit card. Further KYC measures may be applicable when purchasing larger amounts – typically $10,000 and above.

While KYC requirements might seem cumbersome, many exchanges have streamlined the process. At Binance, for example, KYC documents are verified near-instantly. This ensures that investors can buy Bitcoin with a credit card without delay.

Bitcoin Minetrix – Alternative BTC Option With 59% PoS APY

Bitcoin Minetrix ($BTCMTX) is another option to consider for those wanting to invest in something which gives exposure to the world of Bitcoin mining.

While Bitcoin is the largest and one of the most stable cryptos, it is unlikely to experience the growth of newer presale altcoins that have not yet been priced into the market. 

previsioni bitcoin - bitcoin minetrix

The idea behind the project is simple. $BTCMTX holders stake their tokens and are rewarded with ‘Cloud Mining Credits’ which are then used to access the Bitcoin Minetrix mining platform. Furthermore, token holders are also eligible for 59% passive staking rewards.

The presale has been live since September 2023 and is currently progressing well. With over $12 million raised so far, it’s safe to say it pays to get in sooner rather than later.

Bitcoin Minetrix tokenomics

As you can see, in terms of tokenomics, 42.5% of the 4 billion token supply has been allocated to Bitcoin mining, 35% to marketing, 15% to community and 7.5% to staking. No tokens have been withheld by the core team or for marketing purposes, and an independent smart contract audit revealed no errors within the codebase.

For a more complete understanding, be sure to visit the official website. For more information on the latest news and updates, follow the project on X and join the Telegram channel.

Hard Cap
Total Tokens 4 billion
Tokens available in presale 1.7 billion
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase NA
Purchase with USDT, ETH, BNB, MATIC, Card

Conclusion

In summary, the fastest and most seamless way to buy Bitcoin is with a credit card. Be sure to shop around, as credit card fees can vary considerably. We found that MEXC is the best option with multiple currencies accepted by ̉the platform.

Those interested in BTC alternatives can visit the Bitcoin Minetrix Token presale site and make a purchase through a Web3 wallet such as MetaMask or Wallet Connect. Card payments are also accepted here.

This is a highly accessible presale with strong PoS APY rewards and a discounted presale price.

Don’t invest unless you’re prepared to lose all the money you invest.

References

FAQs

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Kane Pepi
Editor
Kane Pepi
Editor

Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…