DeutschBuying Bitcoin with a credit card is one of the most popular ways to invest in the largest and oldest cryptocurrency. In this Bitcoin guide, we’ll show you where you can buy Bitcoin with a credit card and what advantages this option offers you.
Where Can I Buy Bitcoin with a Credit Card?
Most crypto trading platforms now allow you to invest in Bitcoin instantly via credit card. In this section, we’ll show you our top 5 providers for buying BTC with a credit card. We will then provide you with some information about the respective trading platforms.
Bitvavo, one of the leading exchanges from Europe (Netherlands) with a large selection of cryptocurrencies. PayPal deposit possible. Extra: 10 Euro bonus when registering via CoinPro.ch
Regulated provider from Austria - specializing in trading Bitcoin, Ethereum, stocks and many other assets.
CFDs and real stocks in a trading platform with free deposits and no conditions - that's XTB.
With several hundred thousand customers worldwide, Binance is one of the top 10 largest and most well-known exchanges. The use of the exchange is free of charge, with fees only applying to the purchase and exchange of cryptocurrencies.
Bitvavo
This crypto exchange comes from Holland and is aimed at European users. It is fully regulated and regularly offers the cheapest fees. In addition, the exchange offers savings plans and you can earn interest with Bitcoin and Co. Bitvavo is therefore one of our absolute recommendations.
Bitpanda
Bitpanda has risen to become one of the most important crypto trading venues in Europe since its foundation in 2014. At Bitpanda, you can buy the largest and oldest cryptocurrency with a credit card as well as with numerous other payment methods. At Bitpanda, in addition to credit card, you can also use other payment methods such as instant bank transfer (Klarna).
Binance
Binance is the largest crypto exchange in the world. The special feature of Binance are the extremely low fees from 0.10 percent and numerous other functions such as margin trading, staking and NFT marketplace.
If you want to pay for Bitcoin with a credit card at Binance, a fee of 1.80 percent of the amount is charged. This is a relatively low fee for a crypto exchange. Alternatively, you can deposit money free of charge via SEPA transfer and save fees.
XTB
XTB plays a special role if you want to trade Bitcoin with a credit card. This is primarily because you can only trade Bitcoin CFDs at XTB. So you cannot buy or sell real Bitcoins with a credit card at the online broker XTB.
We therefore recommend XTB especially to investors who only want to participate in the performance of Bitcoin without using the technical advantages of Bitcoin.
Step-by-step Instructions: Buy and Sell Bitcoin with a Credit Card (XTB)
We will now show you how to buy/sell Bitcoin with a credit card using the example of XTB. You will find that the process is not particularly difficult to invest in BTC via credit card.
Step 1: Open an Account with XTB
It is not possible to buy/sell Bitcoin without registration. Therefore, registration is the first step. With XTB, you can open an account with just a few clicks. The demo account is available within a few minutes.
Step 2: Verify your Identity
XTB must comply with some regulatory rules so that you can start buying/selling cryptocurrencies such as Bitcoin with a credit card. If you want to buy/sell Bitcoin with a credit card in Switzerland, Germany or Austria, you must also go through the video identification procedure.
Step 3: Deposit Money
Then select the item “Deposit funds” in the navigation and select “Credit card” as the payment method in the drop-down menu in the window that then appears.
Step 4: Buy/Sell Bitcoin with a Credit Card
Now you can enter “Bitcoin” via the search field and click on “Trade Bitcoin”. Then you can choose between buying Bitcoin and “selling Bitcoin”. Important: If you want to sell your Bitcoins, the way via “Sell Bitcoin” is not correct. Here you would only open a short position on Bitcoin and trade with CFDs. If you want to sell purchased Bitcoins again, you have to close the “Buy Bitcoin” trade under your trades.
Buy/Sell Bitcoin with a Credit Card: What Do I Have to Pay Attention to?
If you want to buy/sell Bitcoin with a credit card, you benefit from the fact that you can invest in BTC without waiting. However, crypto exchanges charge fees if they want to offer payment by credit card. Due to the low trading fees, crypto exchanges pass these fees on to you. There are essentially 2 points that you should pay attention to if you want to buy/sell Bitcoin with a credit card.
Pay Attention to the Fees
If you don’t want to invest in Bitcoin immediately, but can still be patient for a few days, it is often not worth buying Bitcoin by credit card. The fees at Coinbase, for example, amount to 3.99 percent, while at Binance you still pay a proud 1.80 percent for the deposit.
You lose as cash when you buy Bitcoin by credit card. Even if this is less noticeable with a long-term investment, you should compare the fees with each other.
Don’t Go into Debt to Buy Bitcoin
It is not recommended to max out your credit card to invest in BTC if you don’t have the money right now. Keep in mind that you should only invest as much in Bitcoin and other asset classes as you are prepared to lose in the worst case.
But especially if you want to buy BTC with a credit card, the temptation is great to invest too much. Here it is important to keep your emotions under control and not to get into FOMO.
Frequently Asked Questions about Buying Bitcoin with a Credit Card
With the providers we introduced to you in the article, you can also buy Bitcoin without a credit card. We recommend the Bitvavo or Bitpanda exchanges as well as the Plus500 and XTB brokers for this.
Yes, you can buy Bitcoin with PayPal. For this, a customer account with Bitpanda is necessary in German-speaking countries so that you can buy real BTC with PayPal. Other providers only allow you to trade Bitcoin CFDs if they support PayPal as a deposit method.
This question can never be answered with 100% certainty. If you are generally convinced of Bitcoin, setting up a Bitcoin savings plan may be worthwhile. Then the time of purchase is not as important as the investment horizon.
