How to Buy Crypto with a Credit Card

It is possible to purchase Bitcoin or other cryptocurrencies with a credit card, but it might be challenging and not recommended because of pricing volatility. You can purchase cryptocurrency with a credit card, only if your credit card company and your crypto exchange permit it, otherwise, you cannot avail this opportunity.

How to Buy Crypto with a Credit Card

Procedure to buy cryptocurrency using a credit card:

Step 1: Make sure you can buy cryptocurrency using your card

Find out if your credit card accepts cryptocurrency purchases and what costs it charges by doing some research like:

  • What would be the cash advance fee?
  • What would be the higher interest rate?
  • What would be the grace period?
  • What would be the foreign exchange fee?
  • How to beware of scams?

Step 2: Identify an exchange that accepts credit cards

Look for an exchange that enables credit card purchases of cryptocurrency, here are some examples of exchanges that accept credit cards, Kraken, Coinmama,, Paxful, Coin Smart, and many other but most of the exchanges doesn’t accept them.

Step 3: Enter card details to buy

Connect your card with the exchange by entering your card details, in this way you can fund your cryptocurrency account, and it is similar to the standard process of completing the checkout payment form at online retailers when making a purchase of a good or service.

Challenges to Buy Crypto with a Credit Card

Following are the challenges you may have to face when you buy crypto with a credit card:

  • It is possible to purchase Bitcoin, all stablecoins, Ethereum, and other cryptocurrencies with the help of a credit card, but it is prohibited by most companies due to pricing volatility.
  • Credit cards are not accepted by big cryptocurrency exchanges, such as Coinbase.
  • Cryptocurrency exchanges that let you pay using a credit card like Coinmama,, Paxful, CoinSmart, and Kraken.
  • Majority of the U.S. credit card issuers don’t allow the purchase of cryptocurrencies with a credit card, while some charge their customers fees.


  • If you don't have any cash on hand, you can invest.
  • Immediate access to funds for investment.


  • Possibly charged a cash advance fee.
  • Rewards from credit cards might not apply.
  • Low regulatory system.


Although it is technically possible, it is not advised to use a credit card to buy Bitcoin or any other cryptocurrency. Only if your credit card provider and your cryptocurrency exchange allow it, you can buy cryptocurrency using a credit card.

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