• Crypto Lists
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Altcoin
  • Advertise With Us
  • Join our Telegram Community
Newsletter
ItsBlockchain
  • Bitcoin
    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    Bitcoin ETFs could have the same result as CME group futures launch in 2017

    featured image

    How Bitcoin can be hacked?

    keep bitcoin safe

    Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

    featured image

    Bitcoin IRA – Everything You Need to Know

    A trillion dollar tsunami is about to hit Bitcoin

    A trillion dollar tsunami is about to hit Bitcoin

    featured image

    Why Bitcoin will always be the number one cryptocurrency? Explained

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

    Trending Tags

    • Crypto Gems
    • NFT
    • DEFI
    • Crypto Lists
    • Altcoin
    • Crypto Market
    • Guide
    • IBC Capital
    No Result
    View All Result
    • Bitcoin
      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      featured image

      How Bitcoin can be hacked?

      keep bitcoin safe

      Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

      featured image

      Bitcoin IRA – Everything You Need to Know

      A trillion dollar tsunami is about to hit Bitcoin

      A trillion dollar tsunami is about to hit Bitcoin

      featured image

      Why Bitcoin will always be the number one cryptocurrency? Explained

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      Trending Tags

      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital
      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
      101
      SHARES
      896
      VIEWS
      Share on FacebookShare on Twitter

      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
      Share58Tweet18Share7

      Subscribe to get notified on latest posts.

      Unsubscribe

      Related Posts

      A Complete Beginners Guide to Decentraland

      A Complete Beginners Guide to Decentraland

      by Hitesh Malviya
      January 29, 2022
      0

      Decentraland is a decentralized virtual world where you can buy, sell, and build digital real estate, artwork, and non-fungible tokens...

      How to Play Axie Infinity: Ultimate Beginner’s Guide

      How to Play Axie Infinity: Ultimate Beginner’s Guide

      by Hitesh Malviya
      December 7, 2021
      0

      Axie Infinity, a play-to-earn game inspired by the popular video game franchise Pokemon, was released in 2018 by Vietnamese developer...

      Everything You Need to Know about NFTs, and Metaverse: A Complete Guide

      Everything You Need to Know about NFTs, and Metaverse: A Complete Guide

      by Karthik Guttha
      December 6, 2021
      0

      Everything You Need to Know about NFTs, and Metaverse: A Complete Guide One science fiction-inspired idea that could become a...

      zed run

      A Beginner’s Guide to Zed Run: Digital Horse Racing NFT Game

      by Hitesh Malviya
      August 26, 2021
      0

      There’s a reason why NFTs are all the rage. After all, they are tokens that can be used to denote...

      See how effortlessly you can get ahead in crypto with on-chain analysis. Learn now!

      See how effortlessly you can get ahead in crypto with on-chain analysis. Learn now!

      by Karthik Guttha
      August 18, 2021
      0

      In this detailed guide, we will discuss crypto on chain analysis, top 5 tools, top 3 analysts, and many more....

      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
      featured image

      List of leading partners of Ripple, and How they use XRP?

      February 2, 2021
      Top 5 upcoming Token Airdrops (Step-by-Step Guides)

      Top 5 upcoming Token Airdrops (Step-by-Step Guides)

      November 22, 2022
      A Beginner’s Guide to the Cosmos Ecosystem

      A Beginner’s Guide to the Cosmos Ecosystem

      September 6, 2021
      featured image

      List of ChainLink Partnerships which skyrocketed the growth of LINK cryptocurrency

      February 2, 2021
      Lens Protocol: Everything You need to Know

      Lens Protocol: Everything You need to Know

      November 18, 2022
      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

      May 27, 2021
      EIP-4844 Explained | The Biggest Ethereum Upgrade

      EIP-4844 Explained | The Biggest Ethereum Upgrade

      February 7, 2023
      EIP-4844 Explained | The Biggest Ethereum Upgrade

      EIP-4844 Explained | The Biggest Ethereum Upgrade

      February 7, 2023
      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      What Blockchain Can Learn From Barnes & Noble and the Jacksonville Jaguars

      January 17, 2023
      RINO Enterprise Wallet launches free Community Edition

      RINO Enterprise Wallet launches free Community Edition

      January 14, 2023
      Top 5 DeFi Projects on Tezos

      Top 5 DeFi Projects on Tezos

      December 26, 2022
      Modular Blockchains: The Next Big Thing in Web3

      Modular Blockchains: The Next Big Thing in Web3

      December 12, 2022
      A Dummy’s Guide to Ethereum Rollups

      A Dummy’s Guide to Ethereum Rollups

      November 30, 2022
      Tezos Blockchain is Always Under the Radar but Continues to Excel

      Tezos Blockchain is Always Under the Radar but Continues to Excel

      November 22, 2022
      • 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

        29616 shares
        Share 11836 Tweet 7397
      • A Mysterious Bitcoin Whale who sold 3000 Bitcoins at 58K$, Bought back 3521 Bitcoins in the last three days

        9924 shares
        Share 3969 Tweet 2481
      • Top 10 Low market cap altcoins to invest in 2021

        7257 shares
        Share 2901 Tweet 1813
      • Top 10 NFT Crypto Projects You Should Know

        7256 shares
        Share 2619 Tweet 1637
      • List of leading partners of Ripple, and How they use XRP?

        5997 shares
        Share 2398 Tweet 1499
      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
      • Bitcoin
      • Crypto Gems
      • NFT
      • DEFI
      • Crypto Lists
      • Altcoin
      • Crypto Market
      • Guide
      • IBC Capital

      © 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.