Credit cards offer one of the easiest ways to buy Bitcoin. Why buy Bitcoin? As a long-term investment, or to sell it later at a different rate.Nowadays, getting a credit card is no problem, and they are accepted by many crypto platforms. Wondering how altcoins like dogecoin and buy bitcoin with a credit card work? And if you also want to know how to sell Altcoins and Bitcoin later on – you’ve come to the right place!
On this page, we have compiled a list of some of the best Bitcoin brokers that accept payments with credit cards. We will also discuss what these crypto brokers do and how exactly you can buy BTC with a credit card to sell and trade later.
We’ll also cover some of the main pros and cons of this payment option, as well as alternative methods for buying and selling BTC. So let’s get started.
What is a Bitcoin broker?
A so-called Bitcoin broker is a trading platform where you can buy and sell Bitcoin with a credit card. There are currently 4 popular credit card brands: American Express, Visa, MasterCard and Discover. In Germany, cards from Visa and MasterCard are most common, but you can also order a credit card from American Express. Depending on which crypto trading platforms you choose, it is very likely that at least one of them will be accepted.
Bitcoin is a cryptocurrency – a broker that accepts credit cards will allow you to deposit money with it. You can then buy all available cryptocurrencies, including Bitcoin with a credit card.
Please note that credit cards themselves cannot process cryptocurrencies. You can therefore only use credit cards to deposit and withdraw currencies such as euros or US dollars.
Which crypto platforms accept credit cards?
There are two types of trading platforms for cryptocurrencies – centralised and decentralised.
The decentralised platforms are only used for crypto-to-crypto trading and it is impossible to use fiat money – i.e. euros or US dollars – there. Therefore, you can’t use credit cards there either.
All crypto brokers that accept credit cards are central platforms where fiat-to-crypto trading is possible. Besides the central crypto brokers, there are many other trading platforms. These include for example
- Crypto exchanges
- P2P platforms
- Marketplaces
- Mobile apps
Buy Bitcoin with a credit card – how does it work?
No matter what credit card you have, the process of buying Bitcoin is almost always the same. This section gives a general overview of the steps required to buy Bitcoin with a credit card. By the way, these steps also apply if you want to buy other cryptocurrencies such as Ethereum or Litecoin with a credit card:
- Choose a suitable Bitcoin broker – In our list of crypto platforms, you can choose a platform that suits your needs. All of them allow you to choose your credit card as a payment method when buying Bitcoin.
- Register – Almost all centralised platforms require you to be a registered member to make a deposit. Therefore, it is necessary to open an account. You will need to provide the required information and verify your account. Please note that the registration process may vary depending on the broker.
- Link your credit card – Once you are a registered member, you will need to select your credit card as a deposit option and link it to your account to deposit funds. Pay attention to the minimum and maximum deposit limits.
- Buy Bitcoin – After your balance has been filled with money, you can buy Bitcoin with your credit card. This procedure is slightly different for each crypto broker. So make sure you know the options available so you don’t make a mistake on your first purchase, especially if you’re new to the crypto world.
Deposits and withdrawals with a credit card
Let’s now take a look at how deposits and withdrawals look when buying Bitcoin with a credit card is an option for you.
Deposit
Depositing with a credit card is fairly simple. If you already have experience using credit cards for online purchases, the whole process should be familiar to you. Here’s a quick overview.
- Log into your crypto broker’s account.
- Go to the payment section and select a credit card as a deposit option.
- Connect your card. You will need to enter your card number, expiry date and the security code on the back of your card.
- Enter the amount you want to deposit on the platform.
- Confirm the transaction and wait for the money to be loaded onto your balance. This should not take more than a few seconds, as card payments are normally are usually processed immediately.
Withdrawals
You can only pay out fiat money (for example euros or US dollars) with a credit card, as they cannot process cryptocurrencies. To withdraw bitcoin from the broker platform, you need a crypto wallet.
If you want to withdraw money from the broker platform of your choice via credit card, follow these steps:
- Log in to your account.
- Go to the payment page and select your credit card as the withdrawal method.
- Enter how much money you want to withdraw.
- Confirm your transaction.
It is important to know that many crypto brokers accept credit cards for deposits but not for withdrawals. If you intend to withdraw money from the platform, check this before you register.
Should I buy Bitcoin with a credit card?
Buy Bitcoin with a credit card – is this the best method?
It is definitely one of the most convenient and popular methods. However, there are many other good methods accepted by crypto brokers. For example, you can buy bitcoin via online payment services, bank transfers, Apple Pay. If you use any of these methods regularly, we recommend you compare them with credit cards. This way you will find out which method is better for you to buy Bitcoin.
Conclusion: Buying Bitcoin with a credit card is very popular
In summary, credit cards are the most popular payment method worldwide, which is why many Bitcoin brokers also accept deposits with credit cards from American Express, Visa or Mastercard.
Millions of people around the world use credit cards. Since you are on this page, you are probably one of them and are looking for a way to buy bitcoin with a credit card. In the list of the best providers on this page, you will find Bitcoin brokers where you can buy BTC in no time. If you still have any questions, we have prepared a FAQ section.
