How To Buy Crypto Online with Credit Card

You may be eager to start buying cryptocurrency with a credit card, but it can be frustrating to figure out how to go about it. This step-by-step guide will help you learn how to buy crypto online with a credit card on different platforms.

Knowing what payment methods the exchanges accept and understanding the fees they charge will save you a lot of headaches in the future.

Where to buy crypto with a credit card instantly

Any platform that allows you to link your credit card should allow you tobuy crypto with a credit card instantly. Some of these platforms include eToro, Binance, Coinbase, Coinmama and many more.

How to buy crypto with credit card on eToro

eToro is one of the leading social trading platforms globally. It provides a cryptocurrency trading feature for its users. With eToro, you can invest in cryptocurrencies such as Bitcoin, Ethereum, and others by purchasing them using your credit card.

Purchases with credit cards on eToro are charged at 0.75% to 5%. Credit card clearance is free.

Here's a step-by-step guide on how to buy crypto with a credit card on eToro:

Step 1: Open an account

The first step is to register for an account with eToro. Add your name, email address, phone number, and country of residence.

Choose "cryptocurrency" as your sign-up purpose, then scroll down to the bottom of the page and click "Open Account."

Step 2: Verify your account

After opening your account, you will need to verify it by uploading a photo ID and proof of address (i.e., utility bill).

Once complete, you should receive a notification that your account has been verified within 24 hours, although this can sometimes take longer.

Step 3: Submit your payment details

Once you click 'Buy Now, you will be asked to fill in a short form. You will be required to provide your credit card details and submit them.

Step 4: Validate your card

After submitting your Credit Card details, you will see a message from our Payment Provider. This message contains a 4-digit code sent to the mobile number you used when registering. Enter this code into the appropriate field and click 'Submit' to validate your card.

Step 5: Carrying out the transaction

Once your credit card has been validated, you will be directed back to eToro, where you can execute the transaction by clicking 'Confirm'. After that, the crypto assets will be put into your portfolio .

How to buy crypto with credit card on Binance

Binance is one of the world's largest cryptocurrency exchanges in the market. It has its own credit card payment service that allows users to buy cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) with their Visa or MasterCard.

Here is how to buy crypto with a credit card on Binance

1. Go to the Binance website or download the app for your device.

2. Register an account or log into your existing one.

3. Select the "Buy Crypto" button and click "Credit Card" as a payment method.

4. Select the coin you want to buy (BTC, ETH, USDT, etc).

5. Enter the amount you want to spend and click the "Buy now" button.

6. Confirm your order by choosing the "Pay with credit/debit card" option in a pop-up window.

7. Before clicking the "Confirm" button, fill in the relevant fields and double-check that all the information is correct: your full name, billing address, phone number, and email address should be provided correctly for verification purposes.

8. Enter the 3DS passcode from your bank card or choose 2FA methods for additional safety measures.

9. You will receive the cryptocurrency assets after the transaction is successful.

How to purchase crypto with credit card on Coinbase

Coinbase is one of the world's most popular cryptocurrency exchanges that allows you to buy and sell digital currencies like Bitcoin and Ethereum.

Coinbase offers a simple way to buy and sell cryptocurrencies through its mobile app or website. You can also use credit cards on Coinbase to fund your account or buy cryptocurrencies.

Coinbase charges a 2.49% transaction fee on all crypto purchases made using a credit card.

Here's how to buy crypto with credit card on Coinbase

1. Sign up for a Coinbase account.

2. After creating an account, verify your email address and phone number

3. When your account is created, go to the payment methods page and click "Add Payment Method," where you will be able to enter your credit card details.

4. Fill in the essential information for "Credit/Debit Card." Enter your first and last name (as it appears on your credit card) as well as your Billing Address and Credit Card Number, Expiry Date, and Security Code (CVV). Click "Add Card" once all of the information has been submitted.

5. A verification process will follow, which may require you to upload a picture of a government-issued ID or other proof of identity documents for security reasons. This is one of the main requirements of all cryptocurrency exchanges when dealing with fiat currencies such as USD. This helps prevent fraud and money laundering schemes.

6. Go back to the buy page and enter the amount you wish to buy. Choose the debit/credit card as a payment method. Once a transaction is complete, the crypto is deposited into your account.

How long does a credit card or debit card Bitcoin transaction take to complete?

Most of the time, when you buy Bitcoin with a credit card, it is instantaneous. However, the transaction can take 3-4 hours in some cases. This is because certain processes need to be followed before the transaction can be completed successfully.

During this process, you might also be asked to verify your identity by uploading a picture of your ID. The verification process might vary depending on the seller, so it is good to do thorough research before choosing an exchange or seller.

Also, remember that each platform has timeframes for completing transactions, which may vary from a few minutes to several days.

Lastly, it is important to know that processing credit card payments come with risks such as hidden fees, lengthy processing times, and other limitations.

Is buying crypto with a credit card safe?

Buying crypto with a credit card is just as safe and secure as buying it with cash. On top of that, using your credit card allows you to leverage rewards points as you make purchases.

The key advantage to using a bank account is that you can buy crypto from the highlighted platforms while waiting several days for the purchase to go through. This is all done when you buy crypto with a credit or debit card.

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