Today some brokerage platforms allow you to buy Bitcoin with an American Express credit card, also known as Amex. It’s a common way to purchase cryptocurrencies as Amex is a popular payment card, issued by The American Express company and is accessible to individuals and small businesses. While such major American banks as TD Bank and PNC Bank blocked transactions with cryptocurrencies, some others, including Amex, support buying Bitcoin through its credit cards. Still, there are some considerations regarding the fees and limitations you need to know before you buy Bitcoin with your American Express card. On this Page:Contents [show] How to Buy Bitcoin with American Express Choose a Bitcoin exchange – we recommend eToro as it’s FCA, ASIC and CySEC regulated Create an account Deposit funds into your account, selecting the credit card option Search ‘Bitcoin’ in the drop-down menu Click ‘Open Trade’ and select an amount of Bitcoin to buy Best Brokers to Buy Bitcoin with American Express in September 2023 Invertir Invest $ = Bitcoin Actualizar More Filters Close Filters Sort By Rating Price 1 Provider that matches your filters Providers that match your filters Payment methods Bank Transfer Credit Card Giropay Neteller Paypal Sepa Transfer Skrill Sofort Features Instant Verification For Beginners Wallet Service Mobile App Usability Very Good Good Average Bad Support Very Good Good Average Bad Rates 1or more Security 1or more Selection of Coins 1or more Classification 1or more Remove Filter Apply Filter No results found Trying adjusting the filter to see some results. Rating with $1000 you receive 0.0599 BTC What we like Easiest to deposit Most regulated Copytrade winning investors Rates Security Selection of Coins Features Payment methods with $1000 you receive 0.0599 BTC Read Reviews Visit Site Read Reviews 68% of retail CFD accounts lose money. Compare Bitcoin Exchanges Etoro-BTC-6 Visit Site 68% of retail CFD accounts lose money.... Libertex Visit Site 74% of retail investor accounts lose money when trading CFDs with this provider.... Bybit Visit Site The price and value of any investment in digital asset products can fluctuate.... KuCoin Visit Site The traded price of digital tokens can fluctuate greatly within a short period of time.... Bitfinex Visit Site Market prices for digital tokens can be volatile and highly unpredictable.... Binance Visit Site As with any asset, the values of digital currencies may fluctuate significantly.... Coinbase Visit Site The value of digital currencies can go up or down frequently.... AvaTrade Visit Site 71% of retail CFD accounts lose money.... Huobi Visit Site As prices of digital assets are highly volatile, users could lose all or a substantial portion of the value of any digital asset they purchase.... Rating55554.54.54.54.54 For Beginners Instant Verification Mobile App Wallet Service Coin Selection 0 0 0 0 0 0 0 0 0 Rates Trading fees SpreadsSpreads0.1%0.1%0.1%0.1%0.50%Spreads0.2% Deposit fees N/AN/AN/AN/AN/AN/AN/AN/AN/A Withdrawal fees $5N/A0.0005 BTCN/AN/AN/AN/AN/AN/A Additional features Regulated ASIC, CySEC, FCACySECN/AN/AN/AFCAFCACBI, MiFIDN/A Min.Deposit $50100 EURN/AN/A$10$10$2$100N/A Leverage N/AN/A1 - 100x1 - 100x1 - 10x1 - 100xN/A1 - 30x1-200x Latest prices by currency Bitcoin $26828$26828$26828$26828$26828$26828$26828$26828$26828 Ethereum $1668.58$1668.58$1668.58$1668.58$1668.58$1668.58$1668.58$1668.58$1668.58 XRP $0.531002$0.531002$0.531002$0.531002$0.531002$0.531002$0.531002$0.531002$0.531002 Tether $0.999647$0.999647$0.999647$0.999647$0.999647$0.999647$0.999647$0.999647$0.999647 Litecoin $65.54$65.54$65.54$65.54$65.54$65.54$65.54$65.54$65.54 Bitcoin Cash $232.43$232.43$232.43$232.43$232.43$232.43$232.43$232.43$232.43 Chainlink $7.84$7.84$7.84$7.84$7.84$7.84$7.84$7.84$7.84 Cardano $0.254946$0.254946$0.254946$0.254946$0.254946$0.254946$0.254946$0.254946$0.254946 IOTA $0.151774$0.151774$0.151774$0.151774$0.151774$0.151774$0.151774$0.151774$0.151774 Binance Coin $215.81$215.81$215.81$215.81$215.81$215.81$215.81$215.81$215.81 Stellar $0.116243$0.116243$0.116243$0.116243$0.116243$0.116243$0.116243$0.116243$0.116243 Bitcoin SV $31.59$31.59$31.59$31.59$31.59$31.59$31.59$31.59$31.59 Payment methods Bank Transfer Credit Card Giropay Neteller Paypal Sepa Transfer Skrill Sofort When selecting an online broker to buy Bitcoin with American Express, obviously, the first thing to consider is whether it supports payments with your Amex card. All the brokerage platforms introduced above accept American Express and are carefully chosen, considering such factors as trading and non-trading fees, safety and usability. After selecting the brokers that support Amex payments, we narrowed down the list and included the ones with the best withdrawal, conversion, and deposit fees. The interface and speed of the platform are also among the crucial factors included as you need to select a platform that can complete your trades quickly and provide you with an easy-to-use platform not to get confused in the process. And finally, your brokerage platform should have a good reputation among investors and provide a safe trading environment for you. The brokers we have chosen are fully licensed and regulated by different top-tier authorities. It’s a highly crucial factor as long as you provide your card information and must be sure it will be protected from the third party. What are the Fees you Need to Pay to Buy Bitcoin with Amex Credit Card? The transaction fees for buying Bitcoin with American Express differ depending on where you buy it. You can buy Bitcoin anonymously with your Amex card on peer-to-peer marketplaces, but you also have to pay higher fees that can reach up to 4% of your purchase. But in general, the fee for buying bitcoin with credit and debit is around 3 – 5%. Brokerage platforms also may have different fee policies for buying Bitcoin with credit cards. For example, Coinbase is one of the platforms with relatively high fees as it charges 3.99% of your purchase when you make a transaction with a credit card. In contrast, eToro is a commission-fee platform and does not charge any trading fees. The platform also doesn’t have any conversion fees for USD contracts. Both eToro and Coinbase are fully regulated platforms, so buying cryptos with your Amex card is safe on these platforms. On the other hand, peer-to-peer marketplaces involve a lot of fraud, so you need to be very careful and consider the fact that your purchase is more vulnerable to scams when you choose this method. It is also worth mentioning that Amex has a fascinating reward system that differs depending on what type of card you select. You can get a $200 cashback when you spend $1000 during the first three months of purchasing with this card. It’s also possible to collect membership rewards from 15,000 to 50,000 points, depending on the card. Later, you can also use these points to buy more Bitcoin than the card limitation allows you or use it for other purposes. Brokerage Fees When Buying Bitcoin – Withdrawing Bitcoin from Your Brokerage Account There are two ways of withdrawing your Bitcoin from your brokerage account. The first one is using your credit card – In this case, you can directly transfer your coins to your card, meaning you need to exchange it with fiat currency and then transfer it to your card. The majority of crypto brokers usually charge withdrawal fees and conversion fees in this process. So, you need to look at the withdrawal costs for each broker and consider this factor if you will withdraw your money often. Apart from this, you can also create your Bitcoin account using a personal wallet. Then you can transfer your coins from your brokerage account to your personal wallet if you aim to keep them for a long time. This method is a safer way of storing your coins, as they are away from the third party, and you have almost 100% responsibility for your coins. Where to Buy Bitcoin with American Express Card in September 2023 As previously mentioned, in order to buy Bitcoin with your American Express card, you first need to find a crypto exchange or brokerage platform that supports Amex as a payment method and register for an online account. Being a beginner in this field, you may find it challenging to choose the best brokerage platform for you as there are lots of them. To help you make the right decision for your trading needs, we have already researched for you, and in this part of the article, we will introduce the best brokers or exchange platforms to buy Bitcoin with an American Express credit card in 2021. eToro – Overall Best Platform to Buy Bitcoin with Amex eToro is a zero-commission online broker that is best known for its social trading platform. It allows you not only to trade various assets but also have a personal profile, interact with millions of other traders and even copy their trades. The latter becomes possible with such social trading tools as CopyPortfolios and CopyTrades. As for its fees, eToro doesn’t charge any trading commissions, but it sets buy-and-sell spreads. The platform does not require monthly account payments or any other management fees. It has a $10/month inactivity fee when you don’t make any login activity in one year. It also charges a $5 withdrawal fee and a small conversion fee which only refers to non-USD transactions. eToro is one of the most heavily regulated brokerage platforms in the market as it is regulated by several tier-1 authorities. These include CySEC authority in the EU, FCA in the UK, FinCEN in the United States, and ASIC in Australia. It means that all the customers must go through the KYC process to trade on the platform. To start trading on eToro, you must meet the minimum requirement of $200, which can be done through multiple payment methods, including credit/debit cards, wire transfers, and e-wallets. Pros Buy Bitcoin directly with Amex credit card Easy to use Largest social trading platform in the world Cons Large spread Withdrawal fee of $5 KYC & Verification process Visit eToro OKX – Buy Bitcoin with American Express Card and Over 110 Other Fiat Methods OKX is a multi-asset crypto trading platform that allows users to buy Bitcoin with an American Express card or using 110 other fiat methods. Like eToro, OKX has also implemented copy trading. However, it is not a social trading platform but instead allows users to tap into the signals of more successful traders. OKX supports spot trading, margin & derivatives trading. The platform also supports trading bots and block trading. The latter gives users access to a liquid marketplace where they can search for powerful liquidity networks to instantly spot trade OTC, futures spread, and look for options strategies. OKX has not imposed any deposit fee on users, but it does ask for a withdrawal fee. The withdrawal fee depends on the network charges and the number of tokens withdrawn. As for the trading fee, OKX has a low-tier fee structure. It follows a maker/taker fee model that starts with 0.080%/0.1% and can be reduced by holding a certain number of OKB tokens. Pros Allows users to buy Bitcoin directly with American Express Cards Supports over 110 fiat payment methods Offers Copy trading facilities Has trading bots to make trading even easier for users Features OKX DEX, which is accessible across the globe Cons Requires KYC verification Not available in the US Is yet in the process of being licensed in other countries Visit OKX Bybit – Buy Bitcoin with American Express Card On This Beginner-Friendly Platform Bybit is a cryptocurrency exchange that hit its stride in late 2022 and Q1-2023. And at press time, it is the sixth biggest cryptocurrency exchange by market capitalization. Bybit is one of the best places to buy Bitcoin with an American Express Card, thanks to its simple interface and other intuitive features. Beginners can buy cryptocurrencies directly using the American Express card or using the One-Click Buy. Advanced users get spot trading and margin trading facilities. Bybit has also listed a host of tokens that you can trade on leverage. There are upwards of 100 cryptocurrencies listed on Bybit overall, and you can trade over 300 crypto trading pairs. In terms of security, Bybit has implemented a triple-layer asset protection program. It has also partnered with Bugcrowd for a bug bounty program to find vulnerabilities in the platform to make it more secure for future users. And while Bybit is not a regulated platform, it has partnered with regulatory bodies to combat cybercrime and run responsible trading programs. Pros Users can buy Bitcoin directly using American Express Cards The platform supports over 100 cryptocurrencies Copy Trading and Trading bot available Offers Market Overview, highlighting the biggest gainers and losers Has an audited Proof of Reserves Cons Requires KYC verification Not available in the US Unregulated platform Visit Bybit Capital.com – Most Advanced Crypto Trading Platform that Accepts Amex Founded in 2016, this relatively new brokerage platform has over a million users from over 50 countries. Capital is a CFD trading platform that supports MetaTrader 4 and its own in house trading platform and offers a vast selection of over 4000 assets. It’s also primarily famous for being the first platform to use artificial intelligence to provide trading strategies for its users. As for the fees, the platform doesn’t charge any trading fees, nor does it charge management fees. Also, there’s no withdrawal, inactivity, or deposit fees when using the platform. However, it should be mentioned that Capital.com does not support US customers for now, while this may change in the future. Pros Over 138 crypto assets Excellent trading platform Amex is available as a payment method Cons Only CFDs Visit Capital Libertex – Low Cost Cryptocurrency Trading Platform Libertex is another legit CFD trading brokerage platform that has relatively competitive fees and accept credit cards as a payment method. It doesn’t charge any buy-and-sell spreads, but the platform has commission fees that start from 0.001% and differ depending on the asset. Libertex supports over 50 cryptocurrencies and several other assets. When it comes to cost and fees, Libertex doesn’t have any monthly account fees or deposit and inactivity fees; still, you need to meet a minimum deposit of $100 to be able to trade on the platform. Libertex also charges withdrawal fees which vary depending on the payment method. Pros MetaTrader4 available Ideal for beginner and experienced investors Heavily regulated Cons Only has one account type Visit Libertex Coinbase – Most Trusted US Crypto Exchange Coinbase is the most popular and well-established cryptocurrency exchange platform in the US. It has more than 50 million registered users from over 100 countries. You can trade on Coinbase Bitcoin, Ethereum, and approximately 50 other altcoins. On the other hand, Coinbase charges higher than average trading fees, making 3.99% of your purchase if you use your credit card to buy Bitcoin. This is because they mainly put the emphasis, not on the prices but their customer safety. Coinbase is a fully legal trading platform, so you can be sure your trades are secure. The platform also offers you to register for a Coinbase Pro account that charges relatively lower fees than the Coinbase Standard account. Coinbase also has a well-designed mobile app and offers its own personal digital wallet. Pros Great user interface Features a built in crypto wallet Instant buy option through Amex Cons High fees Visit Coinbase BitPanda BitPanda is another well-famous cryptocurrency exchange platform that supports trading on almost 30 digital assets. BitPanda has transaction fees that make 1.49% to buy and sell cryptocurrencies that is incorporated with the cryptocurrency price, so it’s invisible to the user. BitPanda also has conversion fees when you deposit fiat money. that vary depending on which currency or payment method you choose. The platform allows you to buy and sell cryptocurrencies with a variety of payment methods including credit cards. But in this case, there is a very low limit for purchasing cryptocurrencies. Again, trading cryptocurrencies on BitPanda is only available for EU customers, however, US customers and those outside the EU can use the platform to store or send cryptocurrencies. Pros Multi asset trading platform Easy to use trading platform Offers trading on crypto indices Cons Expensive crypto platform No live chat support Visit Bitpanda Plus500 – Best Crypto Trading Platform for Beginners Plus500 is an Israel-based CFD trading platform that was founded in 2008. The platform provides safe trading and is regulated by top-tier authorities, including ASIC in Australia and FCA in the UK. The broker stands out with its simple platform and well-designed mobile app, but it lacks some standard tools for trading, such as research charts, recommendations, etc. Nonetheless, Plus500 charges quite competitive trading fees and an inactivity fee of $10/month after three months of inactivity. The platform does not charge withdrawal fees and supports multiple payment methods, including credit and debit cards and e-wallets. To start trading on Plus500, you need to fund your account with a minimum deposit of $100. Pros No trading fees Excellent mobile trading app CySEC, FCA & ASIC regulated Cons Not a pure crypto exchange, only CFD Visit Plus500 Why So Many People Use Amex to Buy Bitcoin In general, American Express is very popular in the US and globally, largely due to the special promotions and discounts they constantly offer. After all, it is the 83rd largest company in the Forbes 500 list and has approximately around 130 million users as of 2021. So, with the rise in popularity of Bitcoin since the beginning of the year and the increase in the number of Amex users – it is no wonder that Amex has become one of the most popular credit cards to make crypto purchases. Also, because Bitcoin is not yet governed by any central authority, there are only a few credit card issuers in the United States that allow you to use their service to buy Bitcoin – American Express is one of those financial service firms. As a matter of fact, since last year, some major banks that issue credit cards like Visa and Mastercard began declining purchases of bitcoin and digital assets. Finally, Amex is a safe way of buying crypto assets as long as it’s backed by the bank’s security and requires you to go through a verification process. The verification process may take a bit longer depending on the exchange platform, but once you get your card verified, the following steps are quick and simple. How to Buy Bitcoin with American Express Instantly Without Verification To buy Bitcoin with your American Express card, you need to find an online exchange platform that supports this card as a payment option. Most reputable exchange platforms that support Amex require you to go through the ID verification process in order to be able to trade on their platform. For example, you need to take a selfie holding your credit card or passport, etc. This is a sign that the market for buying and selling Bitcoin is becoming more regulated and secure. Some unregulated peer to peer crypto exchanges such as LocalBitcoins allow you to buy Bitcoin without going through the verification process. You only sign up for an online account, skip the KYC process, and purchase Bitcoin peer to peer. However it can be hard to find a trader that accept American Express, and while LocalBitcoins itself doesn’t require verification, some individual traders still do for their own security. How to Buy Bitcoin Anonymously with American Express There are two ways of buying Bitcoin anonymously: peer-to-peer marketplaces and cryptocurrency exchange platforms. On peer-to-peer marketplaces, you can purchase cryptos without the interaction of a third party – You find sellers, interact directly with them, negotiate about the price and finally get your Bitcoin. The disadvantage of this method is that it may sometimes take too long to find a good seller, and also the costs can be higher than average. The next way to buy Bitcoin anonymously with an American Express card is to find an exchange platform that doesn’t require you to sign up for an online account or verify your ID. This one is a simpler way of making your purchase and involves more competitive fees. On the other hand, there are not too many such exchanges and if so, they often set some limits on how many coins you can buy, or they may not allow you to sell your coins, etc. Buy Bitcoin with Amex – Advantages Below, you can find some of the main advantages of buying Bitcoin with American Express. American Express is slowly becoming a very popular credit card in the cryptocurrency scene. American Express card has quite competitive points when you use it for everyday purchases. On some exchanges that provide peer-to-peer networks, you can buy Bitcoin with your American Express credit card without verifying your ID. You can enjoy safe trading as long as your safety is backed by KYC protocols and Amex’s security protections. American Express offers an Amex Gift card – a prepaid card that you can use immediately after getting it. It charges only annual fees, but the card is free for the first year. Is It Safe to Buy Bitcoin with American Express Credit Card? When you buy Bitcoin with American Express, you provide your card information to the platform on which you purchase – that’s essentially the main risk when using Amex. When you give these details, your credit card becomes more vulnerable to fraud. So, you must select a broker that is strongly regulated by tier-1 authorities, has a good reputation, and ensures clients’ data is protected. In this case, your funds will be secured, and the brokerage platform you trusted your information with won’t share your card details with any third party. With that in mind, all the brokers on our list are safe and secure. Your funds are safely kept in top-tier banks, and all of the personal information you provide to the platforms is guarded under SSL encryption. Therefore, when taking everything into consideration – it is completely safe to buy Bitcoin with Amex. How to Store Bitcoin Safely? When you buy Bitcoin or other cryptocurrencies, you can keep your coins in two ways – you can leave them on your exchange/brokerage account or transfer them to a personal wallet. Keeping your digital currencies on your exchange wallet is a good idea if you buy them for short-term trading or you do not own a large number of Bitcoins. But if you intend to keep your coins for a long time, a brokerage wallet isn’t a safe place to store your coins. In this case, if you want to keep your coins on a safer place, it’s better to create a personal Bitcoin wallet. Bitcoin wallets can be of two kinds – software and hardware. A hardware wallet is the safest way of storing your coins as it’s a physical device with the help of which you can keep your crypto assets offline. Taxation on Bitcoin Earnings Bitcoin is classified as a property by the United States Internal Revenue Service, meaning the US government applies taxes for holding Bitcoin and making profits from price movements of this cryptocurrency. The similar taxes that are used for property, are applied for Bitcoin too. Bitcoin Taxes differ depending on how much time you hold your Bitcoin before capital gain. On these terms, there are long-term capital gain taxes and short-term capital gain taxes. You can find more information on Bitcoin taxes by visiting the US IRS website. Things to Consider When Using American Express to buy Bitcoin To sum up, American Express is one of the few credit cards you can use to buy Bitcoin and other cryptocurrencies after many banks began declining crypto-asset transactions over the last year. It’s also possible to buy Bitcoin anonymously or without ID verification with this card if you find a reputable and effective P2P crypto marketplace. If you think about getting an Amex card, then it currently offers three different cards with different taxes and limits on how much bitcoin you can buy. Blue Cash Everyday Card is a good choice if you plan to invest in small amounts for a long time. The maximum amount of Bitcoin that you can buy daily is worth $200, and the monthly limit is $1000. There are no annual fees when using Blue Cash. Amex Everyday Credit Card stands out with its reward system. If your credit scores are high, you may be able to buy more bitcoin than the monthly limit. As in the first case, Amex Everyday doesn’t charge any annual fees, but both charge Annual Percentage Rates of between 14%-25%. In contrast, the Amex Gold card does not charge any APRs, but it charges a $250 annual fee. The card is free, though, for the first year. Amex Gold and Debit cards are convenient, and you can use them not only for buying BTC or other crypto assets but also to pay in cash in different parts of the world. So, before selecting which Amex card you want to use, search for all the advantages and disadvantages of these three options and select the most appropriate one. Another thing to consider when you use Amex to buy Bitcoin is whether the exchange platform accepts this payment method and what are the trading and non-trading fees of using a debit card. There can be different terms and fees when you want to buy Bitcoin with a debit card, so try to explore and find out all of them. Finally, the last thing to consider is the safety of your card. You, therefore, need to select a brokerage platform that is reliable and licensed, to keep your card information secure and away from the third party threat. Also, consider the speed of the transactions when using Amex to buy Bitcoin and how quick is the verification process. Conclusion In conclusion, cryptocurrencies are presently becoming more and more popular, much like the American Express credit card that is also becoming a more and more widely accepted payment method across various Bitcoin exchanges. After all, Amex somehow takes care of your funds from this perspective as it has a maximum daily limit of buying Bitcoin, and you get rewards for every Bitcoin purchase you make. If you’re based in the United States, eToro is the best choice to buy Bitcoin with American Express. It is regulated in the US and offers you to trade and store a wide range of digital assets. Remember to invest responsibly and not risk capital you will need in the near future, as missing minimum payments on credit cards can negatively impact your credit score. eToro - Our Recommended Bitcoin Platform Our Rating Regulated by the FCA, ASIC and CySEC Buy Bitcoin with Bank transfer, Credit card, Neteller, Paypal, Skrill Free Demo Account, Social Trading Community - 30 Million Users Free Bitcoin Wallet - Unlosable Private Key Copytrade Winning Bitcoin Traders Buy Bitcoin 81% of retail investor accounts lose money when trading CFDs with this provider. FAQs How to buy Bitcoin with American Express? To buy Bitcoin with American Express you need to find a peer-to-peer marketplace or cryptocurrency exchange platform that accepts payments with Amex. Then you must open an account, verify it, link your Amex card to your account and buy Bitcoin. Where can I buy Bitcoin with an American Express credit card? You can buy Bitcoin on peer-to-peer marketplaces without the interaction of a third party, on cryptocurrency exchange platforms, or on brokerage platforms that support crypto assets. Some of the best platforms include eToro, Capital.com, Coinbase, Libertex, BitPanda, and Plus500. How can I buy Bitcoin instantly with an American Express credit card? The speed of the transaction depends on the trading platform you choose. You can use both Coinbase and eToro in order to buy Bitcoin instantly. Is it safe to buy Bitcoin with an American Express card? It depends on where you buy bitcoin with an Amex card. Peer-to-peer marketplaces are usually not too safe as there is no third party to regulate the buy and sell processes. In this case, your card information can be stolen, or other fraud may occur. Exchange platforms like eToro that are regulated by top-tier authorities are usually the safest ways to buy Bitcoin. What are some Bitcoin exchanges that accept American Express credit card payments? Coinbase is one of the safest and most popular cryptocurrency exchange platforms in the USA that accepts payments with Amex. However, take note that all its users must go through the verification process on this platform. What are the best brokers to buy Bitcoin from using American Express? eToro is one of the best brokerage platforms to buy Bitcoin with American Express. The platform does not charge any conversion fees for USD contracts and charges only a $5 withdrawal fee. You don’t need to pay commissions, and the only trading fee is the spreads for buy and sell, which is 0.75% for BTC. eToro is also excellent in terms of safety and has an easy-to-use interface. What are the fees for buying Bitcoin on an American Express credit card? Trading and non-trading fees can differ depending on the brokerage platform. Sometimes these fees can be higher than average when you use Amex to buy Bitcoin, but other platforms may offer more competitive fees. Generally, like any other credit card, Amex feed can reach up to 4% of your purchase.
