How to Buy Cryptocurrencies with a Credit Card

Cryptocurrency is becoming increasingly popular. Its transparency, practicality, and potential investment value are just a few reasons why it’s become such a well-publicized and attractive financial option for many people. 

At SABEResPODER, we understand that Bitcoin (BTC) and other cryptocurrencies have revolutionized the global economy and become an important component of personal finance. We’re here to help you enter the cryptocurrency market with confidence and make the most of this trend. In this guide, we'll explain how to buy Bitcoin with your credit or debit card. Get ready to jump on the crypto bandwagon and make some money while expanding your horizons!

Getting Started

Buying cryptocurrencies with a credit card is easy and fast. We’ll walk you through the process, step by step. 

1. Choose a platform

There are several digital exchange platforms that allow you to buy cryptocurrencies with your credit or debit card. These platforms host digital exchanges that vary depending on: 

  • Types of cryptocurrencies that you can buy and/or sell 
  • Fees charged for each transaction
  • Minimum and maximum amounts required to operate
  • Accepted types of payment
  • Whether or not they offer other types of crypto assets like non-fungible tokens (NFTs)

Take each of these components into consideration when you’re deciding on a platform. Keep in mind that you can use more than one platform at the same time. Some of the most trusted and well-known crypto platforms are Coinbase, eToro, and Binance. 

2. Create an account

Once you choose an exchange, you’ll have to create an account. The platform will ask you to provide information like your full name, driver's license or passport number, address, and your phone number. The platform will prompt you to fill out all the required information.  

3. Verify your account

Every digital exchange will require you to verify your account in order to buy and sell cryptocurrency. You will have to upload a photo of your ID, such as your driver’s license or passport, before the platform can confirm your information. If everything is in order you’ll be given the green light to start trading. 

Your account will be linked to a personal digital wallet where you can deposit the cryptocurrencies you buy. Different exchanges have different verification levels depending on the scope of the transactions you want to make. The more money a transaction involves, the higher the verification levels. This essentially means providing more documentation for security purposes. If you’re just starting out with cryptocurrency, you’ll probably only need a basic level of verification.  

4. Enter your payment method

After verifying your account, enter the payment method that you’ll use. This can be with a credit or debit card or by wire transfer. Typically, the card and bank account you plan to use must be in your name.  

Choose the “pay with credit card” option and add your card information. The platform will ask for the following:

  • Cardholder’s name
  • Credit card number
  • Expiration date
  • Security code

5. Add the purchase details

Now that you’ve created and verified your account, you can buy cryptocurrencies on the exchange platform. Choose which currency you want to buy and how much. Make sure you review this information carefully before you make the purchase, because once confirmed it can’t be changed or modified. Keep in mind that platforms can charge you a fee per transaction.

6. Confirm your purchase

Once you review and confirm your information as well as the type of exchange, fee, and total cost of your transaction, click the corresponding button to complete your purchase. That’s it! You just bought cryptocurrency with a credit card! Everything you’ve bought will be saved in your digital wallet. 

The Cost of Buying Bitcoin With a Credit Card

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To determine the cost of buying Bitcoin with a credit card, consider how much Bitcoin is worth when you make the transaction, how much you want to purchase, and any fees that the platform may charge. Fees may vary depending on the exchange, so make sure to read the terms and conditions carefully. In general, you can expect to be charged a 2-3.5% fee. 

The Pros and Cons of Using a Card

Just like any other payment method, using a credit card comes with advantages and disadvantages. It’s important to familiarize yourself with the pros and cons to prevent any unpleasant surprises. Below are a few benefits and drawbacks of using a credit card to purchase cryptocurrency:


  • It’s fast and easy to use  
  • Accepted by most exchange platforms
  • Quick purchase process of Bitcoin and other cryptocurrencies
  • It’s perfect for beginners 


  • The added fees mean it’s more expensive
  • Potential limit on the maximum cryptocurrency purchase amount 
  • Credit card purchases tend to only be enabled for the most popular cryptocurrencies  
  • It’s not a good option if you want to maintain a high level of privacy 

Is Buying Cryptocurrencies With a Card Secure?

Buying cryptocurrency with your credit or debit card on an exchange is a safe, secure, and simple way for crypto novices to get started. Keep in mind, however, that the exchange isn't responsible for any losses you incur. When you purchase cryptocurrency, you assume the risk of its value fluctuating. For example, if you buy a certain amount of Bitcoin and a month later its value has decreased, the exchange isn’t responsible for that loss. It’s at your expense.

How to Buy Bitcoin Using a Bitcoin ATM

You can buy Bitcoin and other cryptocurrencies with cash through a Bitcoin ATM. The way these machines look and operate is similar to a traditional ATM, with a few key differences. Here is how to use a Bitcoin ATM:  

  1. Enter your mobile phone number. The ATM will often request your phone number to send you a verification code before you can initiate the transaction. 
  2. Verify your identity. Enter the verification code that you receive on your smartphone. 
  3. Enter your digital wallet address. Scan your digital wallet’s QR code. 
  4. Insert the amount of cash that you want to exchange. Just like a traditional ATM that accepts cash deposits, place your money in the machine’s designated slot. The ATM will tell you how much the deposited amount is worth in Bitcoin or other cryptocurrencies. 
  5. Confirm the amount and complete your transaction. Once you deposit your cash and confirm how much you’ll receive in crypto, push the “purchase” or “confirm” button. Once confirmed, the machine will send your purchase to your digital wallet. Keep in mind that it can take anywhere between 10 minutes and an hour for a Bitcoin ATM to process a transaction. Therefore, you might not see the amount reflected in your digital wallet right away. 

What Can I Do After Buying Bitcoin?

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You have plenty of choices after buying cryptocurrency. You can use it as a payment method, transfer it to someone else, or complete a series of transactions that will earn you interest. Below are a few ways that you can put your cryptocurrency to work:


This is when you save an amount of one or more cryptocurrencies for a long period of time (ideally several years) so its value will increase. This is the most commonly used and recommended investment strategy for cryptocurrency novices because it doesn’t require extensive crypto market knowledge. 

People who use this strategy are called holders. All you have to do is buy cryptocurrency, save it in a digital wallet, and let the market do the work. Keep in mind that your cryptocurrency might lose value at some point. Similar to traditional stocks, these fluctuations are common. It’s still important that you don’t sell it. Sometimes, the value takes a nosedive and then skyrockets soon after. 


People with a deeper understanding of the crypto world can venture out by trading cryptocurrencies. This involves short-term crypto asset buying and selling (lasting minutes, days, or weeks) in order to earn money from price fluctuations. Trading can be between cryptocurrencies or cryptocurrency for fiat money (dollars, for example). People who do this are called traders. Trading isn’t easy. It requires a solid strategy and a detailed analysis of the crypto market in order to understand when to buy and sell. Trading is done through specialized digital exchanges.


Staking refers to buying or receiving cryptocurrencies and keeping them frozen in a digital wallet to earn interest. It’s an approach similar to holding, but the difference is that the person staking has their cryptocurrencies blocked and can’t use them freely. This process is beneficial for people who stake and for the cryptocurrency’s blockchain. 

Keep in mind: Blockchain records all transactions made with cryptocurrencies. You can think of it as a big ledger (a book that keeps record of all account transactions). The difference is that these transactions can’t be changed and that everyone can see them. Blockchain also works in a decentralized way, meaning that it exists on thousands of computers simultaneously. Therefore, it’s not impacted by one computer failing or breaking down. 

Fixed-Term Deposits

Decentralized finance (DeFi) is one of cryptocurrency’s biggest instruments. Similar to traditional banks, DeFis offer services like loans and fixed-term deposits. Just like a fixed-term deposit at a traditional bank, with a DeFi you deposit your money for a certain period of time and earn interest in exchange. 

When you deposit your cryptocurrencies in a fixed-term deposit, you can accrue interest in the same digital currency. Generally, fixed-term deposits are made in stablecoins. To complete a fixed-term deposit, you’ll have to exchange Bitcoin for a type of stablecoin.

Keep in mind: A stablecoin is a type of cryptocurrency with a value that remains stable or varies very little over time. That’s because it’s backed by another financial asset. Generally speaking, stablecoins are backed by fiat currency (dollars, for example). This means that for every stablecoin, there's an asset backing it to ensure it remains that way. 

For example, the USDC is a well-known stablecoin backed by the US dollar. Therefore, one USDC is equivalent to $1. As a result, all stablecoins have the same benefits of cryptocurrencies (privacy, low fees, and it’s fast, among others) without the risks of price volatility. 

Collateralized loans

You can take out a loan in cryptocurrency and use an amount of Bitcoin as collateral. This works in the following way: Apply for a loan in stablecoins from a DeFi platform and leave the corresponding amount of Bitcoin as collateral. You’ll then pay back the loan in the increments that you want, when you want (keep in mind the interest will be higher the longer you take to pay back the loan.) When you pay back 100% of the loan and interest, you’ll receive the deposited Bitcoin back.

Send Bitcoin

If you have Bitcoin in your virtual wallet, you can send it to others as a method of payment, gift, or donation. Sending Bitcoin or any other other cryptocurrency is easy. Just select the amount you want to send and where you want to send it. Once you determine your recipient, you’ll have to get their virtual wallet address. You can do this in two ways: 

  1. Find the alphanumeric code of the recipient's wallet. The code will look something like this: 3J89t1WpEZ76CNmQhyecrnyiWrnqNhWNLg
  2. Use your smartphone camera to scan the recipient wallet’s QR code

If you find the address through the alphanumeric code, you can copy it to your clipboard and paste it into the recipient field. If you prefer scanning a QR code, the address will populate automatically. Keep in mind that there's a nominal fee for Bitcoin and other cryptocurrency transactions. 

Keep in mind: This is a fantastic way to send money anywhere in the world. You can transfer money quickly and easily. Best of all, the fees are much lower (or even free!) compared to traditional banks or money transfer companies like Western Union.

Frequently Asked Questions

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How much does Binance charge for a credit or debit card purchase? 

A 2% transaction fee is imposed on every cryptocurrency purchase made on Binance with a credit or debit card.

How can I buy Bitcoins with a credit card but without verification?

It’s currently impossible to buy Bitcoins using a credit card without verification. All cryptocurrency exchanges must comply with the strict KYC (know your client) regulations to prevent fraudulent transactions and combat identity theft. 

If you want to purchase cryptocurrency and ensure a higher degree of privacy, you can use peer-to-peer platforms and pay in cash. On these sites, you work directly with another user to buy and exchange the crypto of your choice. 

Can I buy Bitcoins with a prepaid card?

You can buy Bitcoins with a prepaid card on platforms that accept this payment method. One of the most well-known ways to do this is through Paxful. Just like a traditional cryptocurrency exchange, you’ll have to open an account and verify your personal information. 

Get Ready to Join the World of Cryptocurrency! 

There's no doubt that cryptocurrency is here to stay. You don’t have to become a professional to learn how to start buying and selling. Just remember a few of the basic principles in mind and you’ll be on your way!  

We hope this guide will help you buy Bitcoin with your credit card and complete other digital currency transactions. There are plenty of ways to diversify and increase your earnings with cryptocurrency.

If you have questions about cryptocurrency or anything else, feel free to contact us through our chat. As always, we’re more than happy to help you.