• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Blockchain
  • Bitcoin
    featured image

    A Beginner’s Guide to Bitcoin futures trading

    crypto traders 2021

    Top 5 Crypto traders to follow on Twitter in 2021

    featured image

    Everything you need to know about Bitcoin IRA

    featured image

    How Bitcoin can be hacked?

    featured

    A starter guide to Bitcoin Options trading

    Featured Image

    With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

    featured image

    Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

    featured image

    Why is Bitcoin a safe haven in a financial crisis

    featured image

    How to Make Money in Crypto When It Falls

    Trending Tags

    • Altcoin
    • Crypto Lists
    • Crypto Market
    • Guide
    • NFT
    • DEFI
    No Result
    View All Result
    • Blockchain
    • Bitcoin
      featured image

      A Beginner’s Guide to Bitcoin futures trading

      crypto traders 2021

      Top 5 Crypto traders to follow on Twitter in 2021

      featured image

      Everything you need to know about Bitcoin IRA

      featured image

      How Bitcoin can be hacked?

      featured

      A starter guide to Bitcoin Options trading

      Featured Image

      With Bitcoin Mining Capitulation Coming to an End, Will Halving Pump Begin?

      featured image

      Technical Indicators suggests Bitcoin can crash to 7000$ in next few days

      featured image

      Why is Bitcoin a safe haven in a financial crisis

      featured image

      How to Make Money in Crypto When It Falls

      Trending Tags

      • Altcoin
      • Crypto Lists
      • Crypto Market
      • Guide
      • NFT
      • DEFI
      No Result
      View All Result
      ItsBlockchain
      No Result
      View All Result
      Home Guide

      How to buy bitcoin using credit or debit card

      Ramaa Mohan by Ramaa Mohan
      February 17, 2020
      in Guide
      0 0
      2
      buy bitcoin using credit or debit card
      0
      SHARES
      ShareTweet

      In this article we will explore all available options to Buy Bitcoin Using Debit or Credit Card.

      Debit and credit cards have changed the way we transact. We are moving towards a more a cashless world because of them. And why not, they are very convenient to use, carry around and the margin of fraud, given the new advancement in FinTech, are very, very small.

      In the past, buying Bitcoins using a debit or a credit card used to be tough. And the platforms that facilitated it had an arduous process before the Bitcoin’s ownership was transferred.

      But in order to make the cryptocurrency market and blockchain industry a more inclusive one, many exchanges moved to make it easier to purchase Bitcoins using credit and debit cards. To a large extent they have been successful too.

      Nowadays, in most exchanges, if a user chooses to pay with a credit or debit card the control over the amount of Bitcoin bought is transferred immediately. The user that chooses to use a credit or debit card is also exempt of the verification process.

      Possibly the only downside to paying with a credit or debit card is the ~4-7% transaction fee that is charged by exchanges. But that is a small price to pay for the convenience that the users get in exchange and has become a very popular method of payment for Bitcoin and other cryptocurrencies.

      Below is a list of exchanges that accept credit and debit card payments and a small evaluation of how easy to use, how fast and how secure these exchanges are.

      Credit/Debit Card Bitcoin Exchanges

      Coinmama

      Coinmama is a Bitcoin broker that is based out of Israel. The exchange is accessible to over 226 countries all over the world and allows everybody to get involved in the cryptocurrency market and by extension the industry.

      Coinmama is now a global Bitcoin broker and is most popular for its facility to buy Bitcoin using debit and credit cards. Along with these two options Coinmama also accepts cash transferred using Western Union.

      Since the exchange is functional from almost anywhere in the world, the transaction fees on card purchases is a little high. Each purchase is charged about ~5% transaction fee. The fee of this particular exchange is slightly higher than the others because this is a world wide service and the exchange is compensating for the risk of card payments through the service charge.

      The exchange has a maximum purchase limit per day and per month. Which is about, $5,000 USD a day and $20,000 USD a month. The exchange also has a minimum purchase price of $60 USD.

      When a user pays using a credit or debit card, the ownership of the Bitcoin is transferred almost instantaneously. However, to have an account on Coinmama identity verification has to be done before the account goes live. Another disadvantage of using Coinmama is that its transaction fees (particularly for card payments) is one of the highest.

      For users in the USA, Coinmama does not function in some states. Otherwise, Coinmama supports 226 countries, making it easier for people to get into the cryptocurrency market.

      Transaction Fee ~5%
      Minimum Purchase Amount $60 USD
      Maximum Purchase Amount (Day) $5,000 USD
      Maximum Purchase Amount (Month) $20,000 USD

      Also, Read 3 ways to Buy Bitcoin in India after RBI ban 

      Coinbase

      Coinbase is one of the world’s most trusted Bitcoin brokers. Along with being the most trusted Coinbase is also one of the world’s largest. The exchange is backed by many trusted investors. The exchange also has connections with the US government and works with them.

      The exchange at the moment only supports the top four cryptocurrencies; Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The exchange has been criticized in the past for not having a lot of options in terms of the coins sold, but the exchange will and cannot add anymore cryptocurrencies until the regulations come into play on the industry and market.

      Making an account on Coinbase is pretty straightforward. The exchange requires a photo ID and mode of payment before it allows users to transact. There many different levels of privileges and buying limits on Coinbase, which are decided on the basis of the level of account verification a user is comfortable with and willing to do.

      On card payments, Coinbase levies a 3.999% transaction fees and paying with a card is the fastest way to get a Bitcoin. The buying limit, as mentioned before, depends on the level of verification your account has. However, it is noted that card buying limits are relatively lower in comparison to other exchanges.

      But some Coinbase users have been able to extend their limit upto $50,000 by giving more personal information. (Verified phone number, email ID, etc) It is probably one of the easiest exchanges to use and is supported in 33 countries.

      Transaction Fee ~4%
      Minimum Purchase Amount $0
      Maximum Purchase Amount (Day) Depends on Level of Verification
      Maximum Purchase Amount (Month) Depends on Level of Verification

      Bitpanda

      Bitpanda is an Austrian start-up. Bitpanda is a bitcoin broker and exchange that works in the EU zone only. The exchange won the “Best Startup” Award in 2016 and has since been a very reputed exchange across Europe. The exchange accepts card payments.

      Bitpanda works in a very similar way to Coinbase. It has different levels of verification and the buying limit is decided based on the level of verification that a user has done. The exchange, just like Coinbase, also has low privacy because users require to submit a photo ID for an active account.

      The purchase limits, on multiple levels of identity verification, are quite high. With just an email ID a user can only sell and not buy on the platform. But with phone number and photo identification the limit goes quite high.

      The Bitpanda platform levies a low fees on each transaction. But is a space that the platform has received a lot of criticism. Because the fees are not outwardly displayed, they rather come directly added to the total amount of your purchase without a proper breakdown. The exchange also supports instant buy on purchase using credit or debit card.

      Transaction Fee Low
      Minimum Purchase Amount €50 EU
      Maximum Purchase Amount (Day) €5,000 EU
      Maximum Purchase Amount (Month) €75,000 EU

      *on verification of photo ID

      CEX.io

      CEX.io is an online, global Bitcoin broker. It allows people all over the world to buy Bitcoin with a credit or a debit card. The exchange has very low transaction fees in comparison to other exchanges. The exchange also supports instant buy option.

      The exchange has its own restrictions on some countries. Some countries are not allowed to make credit card payments owing to local laws and restrictions. CEX.io is not supported by some states in America. Otherwise, it is supported by all countries in the world.

      CEX.io has a very competitive transaction fee, it has one of the lowest at about ~3.5%. The platform also imposes transaction and buy limits based on the level of verification done by the user. There are two types of accounts, basic and verified. For a basic account the user only has to give an email ID and has a daily limit of $500 USD and monthly limit of $2,000 USD. The other type of account is the verified account which requires the user to submit a photo ID, verified phone number and email ID.

      Transaction Fee 3.5%
      Minimum Purchase Amount $50 USD
      Maximum Purchase Amount (Day) $10,000 USD
      Maximum Purchase Amount (Month) $100,000 USD

      Join biggest crypto news aggregator, don’t miss any news. Join Us on Telegram

      IBC-Transparent-Logo-(1)

      Subscribe To Our Newsletter

      Join our mailing list to receive Cryptocurrency investing and trading recommendations to your mailbox.

      You have Successfully Subscribed!

      Tags: buy bitcoinBuy Bitcoin Using Credit or Debit Cardcredit/debit card bitcoin exchange

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      featured image

      A Beginner’s Guide to Bitcoin futures trading

      by Nivesh Rustgi
      February 28, 2021
      0

      In this article, we'll know about bitcoin Futures (derivatives)platforms and learn how to trade on these platforms.  ‘Futures‘ is a...

      crypto investor

      What NOT To Do As A Crypto Investor

      by Guest Author
      February 26, 2021
      0

      In this article we will point out important things which an investor should keep in mind before investing in crypto...

      Handle crypto Trading Losses

      How to Handle Trading Losses

      by Ramaa Mohan
      February 21, 2021
      0

      Let's talk about how to handle trading losses. The cryptocurrency market, like any other market in the world, is volatile....

      featured image

      Different types of cryptocurrency you should know about

      by Nivesh Rustgi
      February 15, 2021
      0

      In this article, we will discuss different types of cryptocurrency which you should know about. A crypto-currency is a digital...

      featured image

      Everything you need to know about Bitcoin IRA

      by Nivesh Rustgi
      February 12, 2021
      0

      In this article, We will discuss Bitcoin IRAs, Laws and regulations, Service providers and future of bitcoin IRAs. The tax...

      Load More

      About Us

      We curate the best cryptocurrency projects with the intention of adding value for investors through the process of selecting, organizing, and looking after different projects available in the cryptocurrency market.

      • Trending
      • Comments
      • Latest
      Top 10 NFT Crypto Projects You Should Know

      Top 10 NFT Crypto Projects You Should Know

      March 8, 2021
      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

      March 8, 2021
      top-altcoins-march

      Top Ten Altcoins To Buy in March 2021- Part 1

      March 8, 2021
      hidden gems crypto

      Top 5 Hidden gems Crypto

      March 8, 2021
      non fungible token

      Non-fungible Token(NFT): The Next Big Thing in Crypto Market

      March 8, 2021
      featured image

      Top 10 Low market cap altcoins to invest in 2021

      March 8, 2021
      top 5 ido march

      Top 5 Upcoming Token Sale in March 2021

      March 2, 2021
      Top 10 crypto trading bots

      Top 10 crypto trading bots

      March 8, 2021
      tron squire

      Tronsquire: A Million Dollar Scam on Rise In India which promises up to 1000x Returns on TRX

      March 7, 2021
      top-altcoins-march

      Top Ten Altcoins To Buy in March 2021- Part 1

      March 8, 2021
      NBA TOP SHOT

      NBA Top Shot: What’s All The Buzz About?

      March 8, 2021
      blockchain myths

      Top 5 Blockchain Myths Explained

      March 4, 2021
      Top 10 NFT Crypto Projects You Should Know

      Top 10 NFT Crypto Projects You Should Know

      March 8, 2021
      top 5 ido march

      Top 5 Upcoming Token Sale in March 2021

      March 2, 2021
      • Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        Top 10 Cheap Cryptocurrencies with Huge Potential in 2021 | Best Penny Crypto Coins

        0 shares
        Share 0 Tweet 0
      • Top Ten Altcoins You Should Buy in February 2021 – Part 1

        0 shares
        Share 0 Tweet 0
      • Top Ten Altcoins You Should Buy in February 2021 – Part 2

        0 shares
        Share 0 Tweet 0
      • Top 10 NFT Crypto Projects You Should Know

        0 shares
        Share 0 Tweet 0
      • List of leading partners of Ripple, and How they use XRP?

        0 shares
        Share 0 Tweet 0
      ItsBlockchain

      We are India’s first and oldest Blockchain & Cryptocurrency publication platform started in 2016. We are a one-stop destination for technical analysis, cryptocurrency recommendations, and Blockchain technology resources.

      Buying Guides

      • Buy Bitcoins in India
      • Buy Bitcoins in China
      • Buy bitcoins in Russia
      • Buy Bitcoins in Japan
      • Buy Bitcoins in Turkey

      Important Links

      • Home
      • About US
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      Follow Us

      Contact us

      support@itsblockchain.com

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      No Result
      View All Result
      • About US
      • DEFI
      • Home
      • Newsletter
      • Privacy Policy
      • Promote Your ICO
      • Submit post

      © 2020 itsblockchain.com - Designed and maintained by Fanatic Coders

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.