How to Buy Bitcoin with Credit Card in 5 Minutes

Check out below the best cryptocurrency platforms that will allow you to easily buy bitcoin using your credit card.
Author: Nica SJ
Last Updated: 23 July 2021

The ability to buy bitcoin with debit card or credit cards wasn’t possible before, mainly because of the chargeback issue associated with credit card purchases.

Fortunately, cryptocurrency exchanges such as eToro and Plus500 now allow its users to buy bitcoin using credit cards.

Read on to find out how to get started, and which platforms to use.

Where to Buy bitcoin with Credit Card in the U.S.

Buying Bitcoin with credit card can be complicated, and with so many hacks and scam risks, it is difficult to know which platform to go for. We’ve scoured the web and found eToro to offer the easiest and safest way of buying BTC with credit card in the U.S (you can find out more in our eToro review.

eToro : Buy Bitcoin with credit card with no extra charges

If you're U.S. based, eToro is one of the most popular platforms to buy bitcoin with credit card. They also offer bitcoin wallets for trading and sending funds.

Established in 2006 in Tel Aviv, eToro has quickly made a name for itself, now counting with over 10 million users worldwide. eToro has recently opened its doors to U.S. residents and offers a wide range of investing and trading options from cryptocurrencies to forex, CFDs, commodities and many more.

Bitcoin is the most common cryptocurrency traded on eToro and if you have bitcoin, you can trade it against other digital currencies such as Ethereum, Litecoin, etc. eToro is CySEC, FCA & ASIC licensed, making it a indeed a legitimate and reliable crypto exchange.


  • Flat $5 fee on all withdrawals.
  • Minimum withdrawal amount: $50.


  • Buy Bitcoin directly with no added commissions
  • Easy purchase experience
  • Social and copy trading available
  • $5 withdrawal fee
  • KYC & verification process
75% of retail investor accounts lose money when trading CFDs with this provider. Crypto assets are highly volatile unregulated investment products. No EU investor protection.

Where to Buy bitcoin with Credit Card outside the U.S

There are a number of brokers and cryptocurrency exchanges available outside the U.S., all offering different features and fees on Bitcoin credit card purchases. We’ve found the best option to be the well-regulated broker Plus500.

Plus500: Buy Bitcoin CFDs with credit card on a regulated platform

Plus500 is a reputable and well-established brokerage firm counting with licenses from various international regulatory authorities such as ASIC, FCA and CySEC. The broker has been in operation for more than a decade and offers no commission purchases on Bitcoin with credit card for traders outside the U.S.

Since its establishment in 2008, the site has grown considerably. For instance, in 2011, the Plus500 team released an app for iOS devices, which was rated as one of the most popular trading platforms on the Apple app store.

In 2013, the team introduced an app for Android device users. It was in the same year that Plus500 became public in the London stock exchange in the AIM section.

Plus500's customer service is available 24/7 and in 15 languages. In addition, the website and app can be viewed in 30 languages. It is no wonder the site has attracted millions of customers from around the world. Based on a report, almost $2 billion has already been traded on the site.

Plus500, unlike eToro does not charge a withdrawal fee, however the following fees apply:


  • $10 inactivity fee applicable if users don't log on to their trading platform for a period of three months.
  • Fixed spreads starting at 0.6 pips.
  • Overnight Funding fee: amount either added to or subtracted from your account whenever a position is left open after a certain cut-off time
  • Currency conversion fee
  • Guaranteed stop order fee


  • No trading fees or commissions
  • Great trading app on Android and iOS
  • CySEC, FCA & ASIC regulated
  • CFD bitcoin trading only
  • $100 minimum deposit
75 % of retail CFD accounts lose money when trading with this provider.

How to Buy Bitcoin with Credit Card in the U.S.

Below is a step-by-step guide explaining how you can use your credit card to buy bitcoin on this platform. And if you’re not sure you want to use a credit card you could also buy bitcoin with PayPal.

Step 1: Create an account on eToro

How to sign up at eToro to buy Bitcoin with Credit Card

The first step is to open an account on eToro using this link. You will only need to provide your last name, email then create a username and password.

Also, you can sign up using your Facebook or Google account.

Step 2: Verify your account

Verification process on eToro to buy Bitcoin with Credit Card

If you have signed up using the email option, you will be required to verify your email to access your account. Use the link provided in the email then enter your credentials to sign in. However, if you use the Facebook and Google option to sign up, you will not be required to verify your email.

Step 3: Deposit funds

Fund eToro account to buy Bitcoin with Debit Card or Credit Card

It is important to complete your profile to remove the deposit limit on your account. You should not worry because the site employs strict measures to protect your private data. Click on the ‘Complete profile’ button and follow the steps.

After completing your profile, you will be able to make a deposit. Just click the ‘Deposit Funds’ button and select the amount and choose the credit card payment option from the list. The process of depositing funds on the eToro is very easy compared to other crypto exchange sites.

Step 4: Buy bitcoins

Open a trade on etoro to buy Bitcoin with Credit Card

After depositing your funds on the Bitcoin Account, select bitcoin from the list and click the “Buy” option. Enter the amount you would like to buy and click the ‘Open Trade’ button.

Visit eToro

75% of retail investor accounts lose money when trading CFDs with this provider. Crypto assets are highly volatile unregulated investment products. No EU investor protection.

How to Buy Bitcoin with Credit Card outside the U.S.

Plus500 is the most reliable platform for non-US residents to buy bitcoin using a credit card. Check out below the step-by-step guide below to get started:

Step 1: Create your account on Plus500

Creating an account on the Pluss500 site is very easy, and the whole process will only take less than 5 minutes. You can sign up on Plus500 using your email, Google account or Facebook account. When you use the email option, you will only need to provide your name and create a password.

Step 2: Verify your identity

Due to regulatory requirements, you are required to verify your identity and address when registering. To verify your identity, you will need to provide a picture of your ID card, passport or driving license.

On the other hand, to verify your address, you should give a copy of your recent bank statement or utility bill. These documents can be uploaded using Windows, Web, iOS and Android devices.

Step 3: Make a deposit

To make a deposit using a credit card, go to the Funds Management section and click the ‘Deposit’ button. Select the amount you would like to deposit and enter your card information. The minimum and maximum amount you can deposit varies with your country of residence. For instance, in Australia, the minimum deposit is AUS $200, while the maximum amount is AUS $65,000.

It is worth noting that by submitting your card details, you give consent to the payment processor to store the details per the Payment Card Industry Data Security Standard (PCI DSS). Plus500 does not keep your card details or use it in any way.

Step 4: Buy bitcoins

The process of buying bitcoins on Plus500 is straightforward. Just click the ‘Buy’ button and enter the number of bitcoins you would like to buy depending on the funds in your credit card.

Visit Plus500

Credit card exchanges


Coinbase also offers a simple way to buy cryptocurrency with a credit card, as long as it supports “3D Secure” payments which allow for an instant purchase. Coinbase is by far one of the most popular crypto exchanges in the world and it offers a beginner-friendly platform where you can not only purchase BTC but also ETH as well as ERC-20 tokens. Launched in 2012, the platform counts with over 13 million users. However, if you’re purchasing a large amount of crypto, the 1.5% fee can get expensive. Coinbase also does not allow you to short coins and customer service can be very slow.

Fee: 1.5

Territories accepted: USA, Europe, Canada

Visit Coinbase


Coinmama is a well-known cryptocurrency exchange launched in Israel in 2013 where you can buy bitcoin with credit card without id. It offers 8+ cryptocurrencies counting with 1.5 million customers in 200 countries. Coinmama offers and quick and simple way to buy BTC with your credit card and it does not require centralized storage of your crypto. However, the downside to Coinmama is that it does not operate in all U.S. states and charges a large 5.9 percent fee, which is included in the transaction price. While deposits by bank transfer are free, an additional 5% processing fee is added to credit card payments.

Fees: 6%

Territories accepted: Global

Visit Coinmama

Bitcoin credit card fees

The transactions fees involved when buying bitcoins using a credit card depend on your chosen exchange site.

Most exchange sites charge a certain percentage of the amount involved while some sites charge a small fee of less than 5%. Other charge more than 10%.

It’s highly recommended that you use eToro since it does not charge any commissions or trading fees. You can also save on trading fees if you use Plus500.

Bitcoin credit card safety

When buying bitcoins using a credit card, you are required to provide your card information. Since some sites are not genuine and steal card details from the users, it is crucial to choose a well-regulated platform.

If you live in the US, consider eToro. eToro protects its users’ data and does not share it with third parties. If you live outside the US, we would suggest Plus500 which is also a safe platform and does not store card details.

Which credit card should I use for buying bitcoin?

All credit cards function similarly. When you make a purchase, the amount is subtracted directly from the account associated with the card. Some of the popularly used types of cards include American Express, Visa and Mastercard.  Make sure to choose a crypto exchange site that supports your credit card type.

Can I buy Bitcoin with credit card instantly?

The time it takes to buy bitcoins depends on the platform you are using. Some sites offer an instant process where you get your bitcoins straight away. However, on other sites, the process can even take several days to complete.

On both eToro and Plus500, you can open your order and have it executed within a matter of minutes or hours. However, it is worth noting that on Plus500, you are trading bitcoin CFDs as opposed to owning the physical coin.

How can I buy bitcoin with credit card without ID or verification?

It is possible to buy bitcoins using a credit card without identification through eToro as long as you deposit less than $2,000. However, if you are looking to purchase a larger sum, you will be required to submit proof of ID and address, in which case you must use another service. There are sites like Coinmama that do not require its users to take undergo a verification process even on larger purchases above $2,000.

However, it is worth bearing in mind that Coinmama and most crypto exchanges are largely unregulated, and you therefore run the risk of experiencing theft or security hacks. eToro or Plus500, on the other hand, are well regulated and offer fund protection of up to $80,000.


Cryptocurrencies have become an accepted mode of payment around the world. However, when buying cryptocurrencies using a credit card, it is important to choose a reliable and reputable crypto exchange site. For US residents, we would recommend eToro while non-US residents can use Plus500.


What credit cards are accepted to buy bitcoin?

You can buy bitcoin using American Express, Visa and Mastercard credit cards.

Do I need to verify my identity if I buy bitcoin using credit card on eToro?

If you want to deposit and buy bitcoin on eToro worth less than $2,000, you don’t need to verify your identity. If the amount is more than $2,000, you’ll need to submit a proof of your identity and a proof of your address.

Do eToro and Plus500 offer protection fund?

Yes. If you use eToro and Plus500 to buy bitcoin using your credit card, your money will be safe since they both offer a protection fund of up to $80,000.

Is it safe to buy bitcoin using my credit card?

Yes. If you use eToro and Plus500, your credit card details are safe since they are both regulated and will not share your personal details to third parties.

How much fees do I need to pay if I use credit cards to buy bitcoin?

If you use Coinbase to buy bitcoin using your credit card, you’ll need to pay a 1.5% fee. If you use Coinmama, you’ll need to pay a 6% fee.

Remember, all trading carries risk. Past performance is no guarantee of future results.

Nica is an expert writer who specializes in financial technology and cryptocurrency. At her young age, she was already able to work with founders who graduated from Harvard, tech startups funded by Y-Combinator, CEOs of multi-million dollar blockchain companies, investment companies in London and many more.

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eToro: Buy Bitcoin

eToro: Buy Bitcoin

eToro: Buy Bitcoin

Visit eToro

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

eToro: Buy Bitcoin
Visit eToro

Cryptoassets are highly volatile unregulated investment products. No EU investor protection.