14.11.2021 Blog

Can I Buy Crypto With a Credit Card?

Buying bitcoin and other cryptocurrencies with a credit card is available through multiple channels. Also, users are eligible to purchase listed cryptocurrencies with a bank card almost instantly on the market.

It’s no secret that payment giants VISA and MasterCard take their cut for almost every transaction. Therefore, in general, you cannot buy bitcoin or any other digital currency without paying a commission. Depending on where you buy crypto with a credit card, the commission will be less or more.

Where to buy crypto with a credit card

Crypto centralized exchanges

An easy, secure, and reliable way to purchase cryptocurrency is through reputable crypto exchanges or brokers. To do this, simply create an account and follow the platform’s instructions to complete the registration process. Popular and trusted exchanges are Coinbase, Binance, and CashApp, among others. For more information, read the best-centralized crypto exchanges

Then you can head to the deposit section and choose cash. Crypto centralized exchanges not only offer credit card payment but may also include other options such as bank transfers, debit, and prepaid cards. Conducting a deposit transaction via credit card will cost the user 3% on average in commission fees. 

After completing the transaction, you will notice a balance in your wallet section in USDT in which you can trade for the cryptocurrency of your choice in the trade section.

Centralized crypto brokers

Another fast way to buy cryptocurrency is through a physical local exchange office. There are options of instantly buying crypto with a prepaid card, using other bank cards, electronic payment systems, and even cash like USD. 

You will still need to create an account on a crypto centralized exchange or download a crypto wallet, such as ZamWallet, to store your coins. When your funds reach the exchanger, it will transfer the cryptocurrency to the wallet address you specified. This operation usually takes minutes, but in some cases, it can take up to an hour.

Often, fees in exchangers are lower than on crypto exchanges, and average 1-3%. You can choose the most profitable rate using services for monitoring exchangers. They collect data from many exchange platforms and allow you to rank them according to the most favorable rate, reviews, and other parameters.

However, exchangers are a less convenient and riskier way to buy cryptocurrency. There is a risk of using the services of scammers or making a mistake when making an operation that will cost all the invested funds.


One of the most private and instant ways is to buy or sell digital coins directly from crypto holders. Currencies can be purchased from undefined users with cash, credit card, or bank transfer on a platform such as LocalBitcoins. Transactions are secured through an escrow service. Sellers list how much crypto they want to sell and the accepted method of payment, which usually includes credit and debit card options. 

You can also engage in peer-to-peer buying by meeting in person and settling with cash. It is better to choose crowded places for a meeting. An office or shopping center is perfect. Also, cash should be handed in when the transaction is completed. It’s also a good idea to bring a friend with you to act as an extra layer of safety.

Digital wallets

Another way in which you can buy cryptocurrencies with a credit card is through digital wallets. Many types of wallets exist on the market, some are used for storage purposes only, and others such as ZamWallet, allow you to buy different cryptocurrencies, store and trade them and even switch between centralized and decentralized wallets and trading options. For more details, read the types of crypto wallets.

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