How to Buy Crypto with a Credit Card

Can I Buy Bitcoin with a Credit Card?

Yes, purchasing Bitcoin with a credit card is a widely supported option on many crypto exchanges. Most regulated platforms allow users to link their cards for quick transactions, enabling instant deposits in their preferred fiat currency, such as USD, EUR, or GBP. Once your credit card is connected, you can fund your account instantly to buy digital assets.

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How to Buy Crypto with a Credit Card

Using a credit card is one of the fastest and most accessible ways to buy cryptocurrency on established platforms like Bybit, which serves 55 million users globally. Bybit supports credit card payments for deposits in 65+ fiat currencies and provides access to over 1,500 cryptocurrencies for both spot and futures trading.

Begin investing in crypto with a credit card by following this guide:

1. Sign Up: Create a free Bybit account and complete identity verification.
2. Select Credit Card: Navigate to the ‘Buy Crypto’ section and choose credit card as your preferred payment method.
3. Add Funds: Enter the amount you wish to deposit, select your fiat currency, and proceed with your credit card for an immediate deposit.
4. Purchase Crypto: Once your deposit is confirmed, browse available cryptocurrencies and execute your trade.

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What are the Fees?

Understanding the fee structure is key when purchasing cryptocurrency with a credit card through exchanges like Bybit. Here's a detailed overview of the associated costs:

• Deposits: Bybit does not impose additional fees for credit card deposits, although your card issuer may apply transaction or cash advance fees.
• Withdrawals: Fiat withdrawals are free on Bybit, while withdrawals to external wallets incur only the blockchain network (gas) fee, which depends on the cryptocurrency and network traffic.
• Trading Fees: Bybit maintains a competitive fee structure. Spot trading fees start at 0.1%, while futures trading costs include a 0.02% maker fee and a 0.055% taker fee.

Bybit’s lower fees, especially when compared to platforms like Coinbase, where trading fees can exceed 2%, make it an affordable choice for trading digital assets.

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Best No KYC Exchanges with Credit Card

For those seeking crypto exchanges that allow credit card purchases without requiring extensive identity verification (KYC), here are two popular options for global users:

• BloFin: Headquartered in the Cayman Islands, BloFin supports credit card deposits without mandatory KYC. It offers access to over 500 cryptocurrencies for spot trading, competitive fees, and advanced features like high-leverage futures trading.
• Bitunix: Bitunix enables users to fund accounts with credit cards while skipping KYC verification. With over 300 cryptocurrencies available for spot and futures trading, this platform supports leverage up to 125x.

While these exchanges provide the convenience of no-KYC credit card transactions, they often operate under less regulatory oversight, making due diligence essential before proceeding.

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Credit Card Deposit Limits

Deposit limits for buying cryptocurrencies with credit cards can vary by exchange. For example, Bybit offers accounts with completed Know Your Customer (KYC) verification a substantial daily limit of up to $20,000. 

However, these limits are set by individual exchanges and can differ significantly. For larger transactions, Bybit's higher limit is particularly advantageous. On other platforms, it is essential to verify the specific limits to plan your purchases effectively.

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Bottom Line

Using a credit card is a straightforward method to purchase cryptocurrencies on established platforms like Bybit, which is available in over 160 countries and facilitates card deposits in 65 fiat currencies.

For those who prioritize privacy, no-KYC exchanges such as BloFin and Bitunix allow credit card deposits without identity verification. However, these platforms often operate with less regulatory oversight, so careful consideration is advised.