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:

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


  1. Select the method as Email
  2. 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 Credit Card, Debit Card, and Bank transfer USD. EUR, GBP, and RUB. BTC, ETH, ADA, LTC, etc. Learn More

1) Paybis

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. 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:

  • It is a simple and the fastest way to buy Bitcoin online.
  • It allows you to buy cryptocurrency, even if you don’t have cash.
  • You can buy cryptocurrency using fiat currency.
  • Reduced or waived foreign conversion fees.
  • Multi-currency allows diversified investment options.
  • Some credit card transactions waive off ATM withdrawal fees.
  • Some credit cards offer significant cash back rewards in crypto.
  • You don’t need to go through other third-party sites.
  • You also get rewards and benefits that come with spending money using your credit card.

Risks involved in Bitcoin Credit Card Purchases

Here are some cons/ drawbacks of Bitcoin purchase using a credit card:

  • Some credit card companies allow cardholders to make crypto purchases but treat these purchases as cash advances. This has several disadvantages. However, it might sound beneficial to cardholders.
  • Cash advance fees: There are many credit card providers who consider a cryptocurrency purchase as a cash advance. That means that each crypto purchase is subject to a cash advance fee. This feels higher than a typical fee of either $10 or 5% (whichever is greater).
  • Cash advance interest rates: Most credit cards have a higher annual rate for cash advances, mostly over 25%. It is the variable interest that also changes with the market. Moreover, your interest starts counting on the day when you buy crypto using your credit card and increases until the credit card bill is paid.
  • Lower credit limits: Cash advances mostly have a lower credit limit than credit cardholders’ overall credit limit. Therefore, cardholders who want to make a big crypto purchase may be limited by the cash advance in terms and limitations.
  • Foreign transaction fees: Specific foreign transaction fees can be applied whenever you buy crypto with your credit card. Moreover, foreign transaction fees are also applied if the vendor is from a different country and the credit card used at that time.
  • High risk for fraud: There is a high chance of fraud if a vendor isn’t properly examined and the cardholder gives their personal/ confidential information like name, credit card number, CVV details, etc.
  • High investment risk: Investing in crypto may lead to serious debt. Cardholders are charged fees and interest that they may not get back. This certainly increases credit utilization rate or loss of their investment value because of the volatile crypto market.
Shopping Cart