How to Buy Bitcoin
Cryptocurrency has now become a very popular investment option for many individuals as well as organizations. With the skyrocketing value of Bitcoin over the past few years, many people have now started directly trading and buying Bitcoin with credit cards or debit cards instead of mining Bitcoin.
However, buying Bitcoin (BTC) using a debit card, credit card or prepaid card can be difficult. But, the companies like Coinbase and Binance have made this process seamless and fast. Now, you can directly purchase Bitcoin with a credit card, debit card or prepaid card from your account at any international or domestic exchange.
How to Buy BTC with a Credit Card using Coinbase?
In recent times, many banks don’t authorize credit cards to buy cryptocurrencies like Bitcoins, Ethereum, Ripple, etc. However, some credit card providers with sole businesses allow you to make a crypto purchase using a credit card.
If you want to buy or acquire Bitcoins (BTC) with a credit card, follow the steps below:
Step 1) Visit Coinbase Platform
Open a browser and visit: https://www.coinbase.com/
Step 2) Create your Coinbase account
Create an account, verify the details, and log in to your account.
Step 3) Add a Payment Method
Next, you will be asked to add a payment method. Hit the “Add a Payment Method” button.
How to Buy Bitcoin with Debit Card / Prepaid Card using Binance
The protocol for Debit card transactions in Bitcoin purchases is mostly similar to credit card transactions. The only difference is that we can count a selection of debit card or prepaid card options instead of credit card selections.
Here are the steps for purchasing Bitcoin with debit cards:
Step 1) Visit the Binance site and register by clicking on the “Register Now” button
- Select the method as Email
- Enter your email id and password, then click on the “Create Account” button
Top Exchanges to Buy Bitcoin Instantly with Debit Card or Credit Card
|Name||Deposit Methods||Fiat Currencies||Supported Cryptocurrencies||Link|
|Paybis||Bank transfer, Credit/debit cards, Payeer, and Skrill.||EUR, GBR, USD, and 44 others.||BNB, BTC, ETH, LTC, XRP, NEO, XLM, and TRX.||Learn More|
|Coinbase||Bank transfer, Credit card, Debit card, and Wire transfer||USD, EUR, AUD, GBP, HKD, INR, etc.||BTC, BCH, ETH, ETC, LTC, etc.||Learn More|
|Binance||Bank transfer (ACH), Credit card, Debit card, Cryptocurrencies, and PayID||USD, EUR, AUD, GBP, NZD + 40 others||Bitcoin, Litecoin, Ethereum, Ripple, etc.||Learn More|
|PrimeXBT||Credit Card, Debit Card, Bank Transfers, MoneyGram, Western Union, and cash deposits||AUD/USD, EUR, GBP, NZD, JPY, CA, etc.||BTC, ETH, LTC, and over 50+ other crypto assets||Learn More|
|CEX.io||Credit Card, Debit Card, and Bank transfer||USD. EUR, GBP, and RUB.||BTC, ETH, ADA, LTC, etc.||Learn More|
Paybis is an online multi-cryptocurrency exchange platform that supports the buying and selling of cryptocurrencies. It offers numorous payment methods to trade Bitcoin and other altcoins.
Coinbase is a Bitcoin exchange platform that enables you to purchase, sell, transfer, and store digital currency. It has low fees compared to other exchanges. This platform also helps you to buy crypto using your credit/ debit card.
Binance is one of the best cryptocurrency exchanges, which allows you to buy BTC with a credit card or debit card. This Bitcoin exchange helps you to buy Bitcoin online. It also provides an API to integrate your current trading application.
PrimeXBT is a cryptocurrency exchange to purchase Bitcoin with a credit card or debit card. It allows users to buy and trade multiple cryptocurrencies from a single account. You get easy access to many cryptocurrencies, stock indices, commodities, and forex on this platform.
Cex.io is a cryptocurrency exchange that helps you to buy and sell Bitcoins. It is one of the best crypto exchange platforms that follows scalping and frequency trading strategies to secure assets and user data.
What are the Pros/ Cons of Buying Cryptocurrency using a Credit Card?
Pros of Credit Card Purchases Here are some important pros of buying cryptocurrency with a credit card: Risks involved in Bitcoin Credit Card Purchases Here are some cons/ drawbacks of Bitcoin purchase using a credit card:
Pros of Credit Card Purchases
Here are some important pros of buying cryptocurrency with a credit card:
Risks involved in Bitcoin Credit Card Purchases
Here are some cons/ drawbacks of Bitcoin purchase using a credit card: