How to Buy Bitcoin with Credit Card or Debit Card Instantly

You might have found many ways to buy Bitcoin in most of the exchanges. But there is rarely any option to buy Bitcoin with a credit card or debit card. It is because of the fact that Bitcoin is irreversible while the credit or debit card payment is reversible. So, some of the banks have tried to ban the purchase through credit and debit card. But there are few trusted exchanges that support payment to buy Bitcoin with credit card or debit card instantly.

What is the advantage of using Credit or Debit Card for buying Bitcoin?

Most of the people are now familiar with online shopping using Credit or Debit cards. Using a credit or debit card for buying Bitcoin is quite like online shopping, that makes it simple and easy for beginners to own Bitcoin in few simple steps.

The disadvantage of buying Bitcoin with debit and credit card is it’s hard to buy large amount using Credit or Debit Card and the purchase fees of Bitcoin using Credit or Debit card is higher.

Buy Bitcoin with Credit Card or Debit Card

Here, we have listed the best exchanges to buy Bitcoin with credit and debit card. There are now some popular legit exchanges that have started to accept payment through credit and debit cards:

  1. Coinbase
  2. Coinmama
  3. BitPanda
  4. CEX.io
  5. BitStamp

Here is the first step to own Bitcoin:

Choose the best wallet!

First, to keep Bitcoin, it is necessary to own a wallet. However, you can store your coins in any exchanges too, but it is risky to keep them on exchanges. So, you need to choose a best Bitcoin wallet.

We strongly suggest you do research before using these exchanges or before buying through these exchanges listed below. [ We strongly suggest you, always store coins on Hardware wallet.

The exchanges listed below are safe to use and purchasing Bitcoin from them using credit or debit card is safe.

 

  1. Coinbase

Coinbase

The world’s largest Bitcoin exchange, Coinbase, supports the purchase of Bitcoin using debit and Credit Card (Coinbase no longer supports new credit card).

If you are a new customer of Coinbase and want to purchase instant Bitcoin, you can only spend up to $5 per a day. After crossing the $50, you can do request to remove the limitations.

Coinbase is one of the lowest fee charging exchanges for customers who are from the USA, Europe, UK, Canada, Australia, and Singapore. It only charges 3.99% fee on purchases via Debit card. There is also an option available for “Instant Buy” with a debit card for new buyers.

Here is the detailed step by step procedure to buy Bitcoin with Debit Card:

Note: Currently Coinbase only accepts Visa and MasterCard as Debit Card Payment.

1. Create an Account on Coinbase.

 

After you create an account on Coinbase, you need to confirm your personal details and login. You will be asked to upload a scan of ID.

2. Add Payment Method

You will see a menu “Buy/Sell” on top of left. Click on that and you will get “Payment Methods” options.

 

3. Enter Debit Card Information

You need to enter your Debit Card details as required.

 

4. Confirmation

You will see a confirmation stating your debit card has been added. It means now you’re eligible to buy Bitcoin from Coinbase using debit card.

 

5. Start Buying Bitcoin

Click on buy Bitcoin and you will see a buy Bitcoin page where you can select the amount you want to buy. Click on “Buy Bitcoin Instantly” and your coins will then be delivered instantly to your Coinbase wallet.

6. Transfer Bitcoin to a Safe wallet

You need to send your coin to your personal wallet from Coinbase wallet. If you want to know about Bitcoin wallet, this post will be helpful to choose best Bitcoin Wallets.

Coinbase coupon: Get $10 of free BTC

2. Coinmama

Coinmama

 

Coinmama is a Bitcoin exchange that allows you to buy Bitcoin with a credit card or debit card.

But the charge fee for buying Bitcoin is quite higher that is around 6%, which is due to the risks and processing fees that come with debit and credit cards. Coinmama is one of some exchange with the highest fee but it has the highest limit of buying also.

Coinmama is the reliable and trusted exchange with highest limits for buying Bitcoin with Credit and Debit cards. You can buy $5,000 worth of Bitcoin per day and $20,000 worth of Bitcoin per month.

You need to verify your account before carrying out any purchase. The Bitcoin that you buy from Coinmama will be received within few minutes of purchase.

Coinmama is available in almost all countries where Bitcoin is legal, but it is only available in some US states. It has a long process for payment, but you will receive your Bitcoin as soon as your credit or debit card is verified, and payment is confirmed.

Here is the detailed step by step procedure to buy Bitcoin from Coinmama with Credit and Debit cards:

1. Create an Account on Coinmama

 

Once you open your account on Coinmama, you need to verify your email address.

2. Log in the Coinmama account

After logging in, Click on “My Account” in the top navigation bar.

3. Provide your personal information

You need to fill in your personal details in the required fields and save them.

4. Click “Buy Bitcoin” in Menu

You will be brought to a page that lets you choose the amount to buy Bitcoin. There is an option to choose Bitcoin amount by scrolling on a scale from 0.5, 1, 1.5 to your desired amount.

After selecting the desired amount click on the green “Buy Bitcoin” option.

5. Select Payment Method

Select the payment method as Credit/Debit Card.

6. Enter your Bitcoin Wallet Address

You need to provide the address of your wallet where you want to deliver the purchased Bitcoin. After the payment is confirmed, you will receive the payment in the wallet which address you have pasted. So, you need to carefully paste the address of the wallet that you own.

 

7. Enter your Billing Information and Address

You need to provide the billing information and billing address.

8. Enter your Credit or Debit Card Information

You need to enter your credit or debit card’s details.

 

9. Verify Your Phone Number and Email

A 4-digit SMS pin and an email confirmation will be sent to you. You have to confirm these contact forms.

 

10. ID Verification

You can skip this step if Coinmama does not ask you to provide a selfie for ID verification. If it asks for you to upload a selfie with you holding your credit card, you have to make sure your name, card’s expiration date, and the first and last four numbers on the card are visible.

 

11. Verification and Confirmation

Coinmama will take some time to verify your details and a confirmation email will be sent to you if your credit card payment has been done.
In 20-30 minutes the Bitcoin will arrive in the wallet address that you have provided in step six.

 

3. BitPanda

Bitpanda

BitPanda is an Austrian Bitcoin exchange that allows buying Bitcoin with Credit or Debit cards. The BitPanda exchange is only available for residents of Europe. The fees of exchange for buying Bitcoin with Credit or Debit cards are not shown in website openly but it is added in the exchange rate.

Here is the detailed step by step procedure to buy Bitcoin from BitPanda with Credit or Debit cards:

(Note: Before you choose BitPanda for buying Bitcoin:

  • It is available for European only.
  • It is only possible to buy Bitcoin from 3rd-Secured MasterCard and Verified Visa cards only.)

 

1.  Create an Account on BitPanda

After you create your account, you need to verify your email address.2. Login to the BitPanda Account
After Logging in to your account, click on “Buy” in the top menu bar.

2. Select the required Options and amount of Bitcoin

Select Bitcoin and click on “Visa/Mastercard” for payment with credit or debit card. You can enter the amount of Bitcoin (BTC), you want to buy or the amount you want to spend in Euro to buy Bitcoin.

3. Confirm the Payment Method

Again, confirm the payment method is with credit/debit card.

4. Confirm the amount

You need to confirm that the amount you entered is the amount you want to buy. Also, you have to confirm that you agree with BitPanda’s exchange rate which is likely to be 3-4% higher than the market rate as the fees are included in the exchange rate too.

You can see the exchange rate of BitPanda in the “the Current Price” field.
You have only 60 seconds to confirm and lock the exchange rate.

5. Verification

You have to verify via SMS or a call. A PIN code will be provided which you have to enter and click on “Verify Pin”.

6. Start the Payment Process

After you get verified successfully, you have to click on “Click here to start the payment process”.

Note: You have only 10-minute time to complete your order.
Enter your credit or debit card details through mPAY24. After entering all required card’s information, you have to click on “Bezahlen”:

7. Withdraw your Bitcoin to a safe wallet

Now you have successfully purchased Bitcoin from BitPanda with Credit or Debit cards. You can check your purchase history from “History tab”. You have to now withdraw your Bitcoin to a safe and secure wallet that you own.

 

4. CEX.io

CEX

CEX.io is one of the oldest Bitcoin exchanges that now allows you to buy Bitcoin with Credit or Debit cards. It works in Europe, the US, and some countries of South America.

The verification process in CEX.io is longer than other exchanges mentioned above. It can take up to 30 minutes to complete the verification process. And for getting your cards verified, it may take up to 2-3 days.

Once the credit or debit card is verified, it is easy to use, and you can instantly purchase Bitcoin.

It supports many countries and regions and some states of the US. It has some lowest trading fee which is just up to 0.2% only. The verification process possesses a long delay and requires personal information and photo.

Here is the step by step procedure to buy Bitcoin using CEX.io with Credit or Debit cards:

 

  1. Create an Account on CEX.io

You have to register an account with your details to create a new account.

  1. Link your card

You have to provide a MasterCard or Visa card to link it with CEX.io. Verification details and other information will be asked by CEX.io which takes a longer time than other exchanges.

  1. Load fund to CEX.io

You have to load fund from your cards to CEX.io account after the account is verified. You can then purchase Bitcoin easily and instantly using CEX.io.

  1. Buy Bitcoin

You can now easily select the amount of Bitcoin that you want to buy using your cards. In few minutes, you will receive your purchased number of Bitcoin in your CEX.io account.

  1. Withdraw your Bitcoin to a Wallet

It is not safe to keep your Bitcoin in any exchanges. So as soon as you receive your purchased amount, you need to transfer it to the wallet that you own.

5. BitStamp

BitStamp

Bitstamp is also a popular Bitcoin exchange that supports debit and credit cards as a payment method.

BitStamp has recently increased the number of countries that can enjoy the feature of buying Bitcoin using Credit or Debit cards. The feature is now available for European countries, Australia, Asian countries and many more.

There is a high limit of $ 5,000 or € 5,000 daily and $ 20,000 or € 20,000 monthly in BitStamp.

Here is the detailed step by step procedure to buy Bitcoin with Credit or Debit cards in BitStamp:

  1. Create your Account in BitStamp

Create your account by registering a new account by providing your details and email address. A user ID and password will be sent to you via email to login into your account.

  1. Login into your Account

You’ll have to login into your account. It will ask you to change your password. Now you will require to verify your user ID.

  1. Verification of user ID

You need to provide your name, residential address, date of birth, and other information. And upload the ID using “browse” button.

  1. Verification Request

You need to provide proof of address either by providing a bank statement or utility bills such as electricity bill, gas bill, or tax certificate of your government. Click on “Submit Verification Request”.

  1. Buy Bitcoin

After being successfully verified, you can start to buy Bitcoin using the payment method; Credit or Debit cards. For citizens of the UK and Europe, they can buy Bitcoin instantly with Credit and Debit cards.

Click “Buy” in the amount you want to purchase and click on “Continue” which will redirect you to enter your name, the mobile number, and email address.

Click “Continue” and a 4-digit code will be sent to you via SMS and it will redirect you to enter billing address and card details.

  1. Withdraw your Bitcoin to your wallet

After completing the process, you can send your Bitcoin to the wallet that you own.

 

So, those are the best ways to buy Bitcoin with credit card or debit card. Do you have anything to say about this article? We want to your feedback through comment box.

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