{"id":295059,"date":"2021-07-23T06:21:49","date_gmt":"2021-07-23T10:21:49","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=295059"},"modified":"2023-11-28T13:59:23","modified_gmt":"2023-11-28T13:59:23","slug":"american-express","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\/credit-card\/american-express","title":{"rendered":"How to Buy Bitcoin with American Express"},"content":{"rendered":"
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. <\/span><\/p>\n 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.<\/span><\/p>\n 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.<\/p>\n 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. <\/span><\/p>\n 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.<\/span><\/p>\n 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%. <\/span><\/p>\n Brokerage platforms also may have different fee policies for buying Bitcoin with credit cards<\/a>. 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 – some platforms charge no fees.<\/span><\/p>\n Investors should look out for regulated platforms, as buying cryptos<\/a> with your Amex card is safer on those 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. <\/span><\/p>\n 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. <\/span><\/p>\n 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. <\/span>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. <\/span><\/p>\n Apart from this, you can also create your <\/span>Bitcoin account<\/span><\/a> 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.<\/span><\/p>\n 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. <\/span>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. <\/span><\/p>\n 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.<\/span><\/p>\n OKX<\/a> is a multi-asset crypto trading platform that allows users to buy Bitcoin with an American Express card or using 110 other fiat methods. 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n Visit OKX<\/strong><\/span><\/a>\n<\/p> Bybit<\/a> 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n Visit Bybit<\/strong><\/span><\/a>\n<\/p> <\/a>Founded in 2016, this relatively new brokerage platform has over a million users from over 50 countries. <\/span><\/p>\n Capital<\/a> 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.<\/span><\/p>\n 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.<\/span> Visit Capital<\/strong><\/span><\/a>\n<\/p> Libertex<\/a> 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.<\/span><\/p>\n 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. <\/span> Visit Libertex<\/strong><\/span><\/a>\n<\/p> <\/a>Coinbase<\/a> 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. <\/span><\/p>\n 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. <\/span><\/p>\n 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.<\/span> Visit Coinbase<\/strong><\/span><\/a>\n<\/p> <\/a>BitPanda<\/a> 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. <\/span><\/p>\n 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. <\/span> Visit Bitpanda<\/strong><\/span><\/a>\n<\/p> <\/a>Plus500<\/a> 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. <\/span><\/p>\n 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. <\/span>On this Page:<\/h2>
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How to Buy Bitcoin with American Express<\/h2>\n
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Compare Bitcoin Exchanges<\/h2>\n
What are the Fees you Need to Pay to Buy Bitcoin with Amex Credit Card?<\/h2>\n
Brokerage Fees When Buying Bitcoin – Withdrawing Bitcoin from Your Brokerage Account<\/h3>\n
Where to Buy Bitcoin with American Express Card in November 2024<\/h2>\n
OKX – Buy Bitcoin with American Express Card and Over 110 Other Fiat Methods<\/h3>\n
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Bybit - Buy Bitcoin with American Express Card On This Beginner-Friendly Platform<\/h3>\n
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Capital.com - Most Advanced Crypto Trading Platform that Accepts Amex<\/h3>\n
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Libertex - Low Cost Cryptocurrency Trading Platform<\/h3>\n
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Coinbase - Most Trusted US Crypto Exchange<\/h3>\n
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BitPanda<\/h3>\n
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Plus500 - Best Crypto Trading Platform for Beginners<\/h3>\n
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