How to Buy Bitcoin with Credit Card in 2020 | Detailed Instruction from Safetrading
Bitcoins are one of the most popular crypto coins today.
And everyday users are interested in the ways to buy Bitcoin. One of the most popular ways is to buy Bitcoin with credit card - VISA and MasterCard.
Today Safetrading will tell you about all the possible services that allow users to buy Bitcoin with debit card.
Let’s go!
Cryptocurrency Wallets
I think this way is one of the easiest!
Before we start discussing all the methods, I need to tell you that now, unfortunately, there are no ways to send money from the Bitcoin debit card and get Bitcoins instantly. You will need to use other services to get them.
Crypto wallet will be your first step even if you don’t want to buy Bitcoin with debit card using the wallet.
There are different types of wallets but to buy Bitcoin with credit card no verification using you can use only online and mobile ones.
Why do I think this is the easiest method?
Because it is very fast - you just need to give the details of your card. And the fees are not very high as well.
Here the most important moment is that you need to choose the non-custodial wallet because it will not store your personal data on the server. If you use the custodial one, all the info about your Bitcoin debit card will be stored not only at your device but on their servers as well.
Cryptocurrency Exchanges
When we discussed how to buy Bitcoin with PayPal, there were almost no exchanges offering this service. And with credit cards, everything is easier.
Below I will tell you about cryptocurrency exchanges where you can buy Bitcoin with credit card anonymously and not.
Binance
Yes-yes!
You can buy Bitcoin with credit card through Binance.
When you visit Binance, you need to find a section “Buy Crypto” and choose the method or purchasing, in our case, Credit/ Debit Card.
Then you will need to enter the sum in your local currency (Binance supports now RON (Romanian Lei), RUB (Russian Ruble), SEK (Swedish Krona), UAN (Ukrainian Hryvnia) and USD) you want to spend and choose crypto you want to buy (BTC, BNB, BUSD, ETH, XRP, BAT or USDT).
Of course, you need to have an account and to pass the verification process.
Coinbase
This is one of the most popular exchanges in the world. Despite this exchange being trusted and legit, Bitcoin purchases take up to 5 days, and with a cryptocurrency wallet, you can do it for 5 minutes.
To buy BTC with Coinbase, you need to open the Coinbase account and verify it.
Coinmama
This exchange has some interesting features.
At first, the fees are one of the highest among all the existing exchanges - 6% per transaction.
Secondly, if you want to buy Bitcoin with debit card no ID for $150 or lower, you don’t need to verify your personality.
Coinmama works with many countries and has very high limits on Bitcoin buying and selling but still, fees are too high.
Bitpanda
When we discussed the service VirWox that allows you to buy Bitcoin with PayPal, I told you that this service was closed. On their website, you can see the recommendation to use Bitpanda.
Let’s check if it's worth recommending.
Bitpanda has very high limits and low fees but…
Your fees will be included in the total sum, so you can’t see the size of the fees you need to pay. And I don’t think it is fair for users.
The above-mentioned fact is a big disadvantage.
CEX.io
This exchange works with a low amount of countries - the USA, some of the European countries and some countries in South America.
The most interesting fact - fees. At CEX.io they are very low - 0,2%.
To buy Bitcoin with debit card no verification using this exchange is impossible and you need to go through the hard path of verification and give literally a lot of your private info.
Bitit
This is a French company that sells Bitcoin and other popular cryptocurrencies.
You can buy crypto for more than 10 fiat currencies!
Of course, because doing transactions, you need to pass the verification process.
This exchanging service has low limits:
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you can buy a cryptocurrency for up to 1500 EUR per week using credit or debit cards or buy Bitcoin with prepaid card;
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you can buy a cryptocurrency for up to 2500 EUR per week using bank transfers.
Exchanging Services
There are a lot of them and we discussed some services in our article about buying Bitcoin with PayPal - LocalBitcoins, for example. Today we will tell you about other services.
Paxful
This service, as I see, is similar to the LocalBitcoins.
Before buying or selling crypto, you need to find an offer that is suitable for you. You can choose the payment methods (bank transfer, PayPal, Alipay, credit card, debit card, Western Union, etc) and can mention the sum you want to spend to buy Bitcoin with debit card.
If we talk about fees on selling BTC, you will need to pay 1% of the total sum. And if you want to buy Bitcoin with credit card instantly, you won’t pay fees at all.
Indacoin
Indacoin is a very fast and easy way to buy Bitcoin with credit card no verification using.
The best thing about this service is that it didn’t require registration and verification.
This website has interesting rules. You can spend $200 as the first transaction, an additional $200 as the second transaction (for 4 days), $500 as the third transaction (for 7 days), and $2,000 as the fourth transaction (for 14 days). If you use this service for a month or more, you will have no limits :)
This service works with many countries including the USA, Great Britain, India, Canada, Australia, etc.
The situation with fees is the same here as at Bitpanda - they will be included in the final sum.
Final Thoughts
Today we discussed one of the most interesting topics - how to buy Bitcoin with credit card instantly.
Cryptocurrency is very popular now and that is why more and more people want to get Bitcoins to start trading or simply holding.
Now there are a lot of exchanges, crypto wallets, online services that allow you to buy Bitcoin with debit card.
Among all the exchanges I prefer Binance because it is one of the most trusted exchanges and has low fees.
Among online services, you can freely use the following services - LocalBitcoins or Paxful.
But don’t forget that a lot of crypto wallets offer this service as well.
That is why here you have a lot of good services to choose from, so go through all of them properly and choose the best one for you!