How to Buy Bitcoin with a Credit Card

Buy bitcoin with credit card

There was once a time when buying bitcoin with a credit card was difficult. During bitcoin’s early years, the digital coin’s unintended affiliation with the criminal element made banks less than enthusiastic about associating with bitcoin companies. It was not unheard of for bank accounts that received or made deposits to bitcoin exchanges to be canceled.

Today, bitcoin is more universally accepted. While debit cards and bank transfers are the most accepted modes of payment, a growing number of exchanges are now accepting credit cards. This guide illustrates how you can go about buying bitcoin with a credit card.

A Point of Clarification

Before we begin, we should take the time to understand why some exchanges may not wish to accept credit cards. As credit cards are highly fraud-ridden, exchanges take on a high risk when accepting credit card purchases. Should the card number be proven to be fraudulent, not only would the exchange lose the money from the sale (since recorded bitcoin transactions are not reversible), but the exchange may also be exposed to legal liability.

Thus, many exchanges argue that it is easier to avoid the hassle by requiring a different payment method that is based on available funds and not credit.

Buying Bitcoin with a Credit Card

If you choose to buy bitcoin with a credit card, it is important that you choose your exchange properly. There are a number of scam exchanges that have the reputation of stealing credit card information. It is important to thoroughly vet any bitcoin service provider with whom you choose to work.

For this guide, we will be looking at Coinbase and CoinMama.

Using Coinbase

Coinbase is the world’s largest bitcoin exchange, with 5.9 million customers. Funds deposited to Coinbase from the US or Canada are available immediately with a 3.99 percent transaction fee per purchase. American residents can buy up to $50,000 in bitcoin daily.

To use Coinbase, you will need to have a bitcoin wallet. Your wallet is how you will store and protect your bitcoin. You should take some care in picking and safeguarding your wallet. Once you have a wallet, getting started on Coinbase is a simple process Here’s how.

  1. Create an account on Coinbase. You will be required to submit a scan of your photo ID and perhaps a selfie of you holding your ID.
  2. Log on, click on your name in the top-right corner, and click “Settings” in the drop-down menu. Click “Payment Methods” and then “Add Payment Method,”Buy bitcoin with bitcoin
  3. Click “Credit/Debit Card.” Enter your credit card information.Buy bitcoin with credit card
  4. Wait for the confirmation.
  5. Go to the buy page and buy bitcoin.

Using CoinMama

CoinMama, which is only available in some U.S. states, allows buyers that buy less than $150 in bitcoin to do so without loading a scan of an ID. CoinMama charges a six percent transaction fee. CoinMama allows $5,000 in bitcoin to be bought per day.

Like Coinbase, you need a wallet to use CoinMama. To use CoinMama:

  1. Create an account with CoinMama.Buy bitcoin with credit card
  2. Log on and click “Buy Bitcoins” at the top of the page.
  3. Select “credit/debit card” as a payment method.
  4. Enter your bitcoin wallet address.Buy bitcoin with credit card
  5. Enter your billing information and address.Buy bitcoin with credit card
  6. Enter your credit card information.
  7. Verify your phone number and email via text message.
  8. Upload your ID, if needed, and wait for verification.Buy bitcoin with credit card
  9. Wait for confirmation.


It is not hard to buy bitcoin with a credit card, but it does take some due diligence and precaution. If you take your time, do your research, and choose a reputable exchange, you should have no trouble.

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