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We feature the top brokers and exchanges that offer the option to buy bitcoin (BTC) with a credit card or debit card. For larger sums you can also send a wire transfer. We list exchanges and services based on personal experience, and reputation. Please view the risks associated with bitcoin and cryptocurrency trading at the bottom of this page. Also access our affiliate disclaimer.

Where to Buy Bitcoin with a Credit Card


PayBis logo smaller trans

Paybis – Most popular platform for purchasing Bitcoin (BTC).

Buy with Visa, Mastercard (Debit or Credit), bank transfer, Skril, Neteller, and Payeer.


binancelogowhite

BinanceReferral ID: EE59L0QP for 10% cashback on all trading fees.

Buy bitcoin with Visa or Mastercard (debit or credit).

Processing is offered by Simplex, a fully licensed and regulated electronic money institution in the EU, providing the leading fiat infrastructure and payment processing solution to over 130 cryptocurrency ecosystem leaders.

Founded in 2018, Binance has quickly become the most popular cryptocurrency exchange in the world. Once you have BTC you can easily exchange for 100s of other tokens listed on the platform.


kucoin logo

KuCoin – Top VIP Program.

Buy bitcoin with Visa or Mastercard (debit or credit).

Once BTC is purchased you can trade for 100s of other tokens on this popular exchange.

You also can lend USDT, BTC, EOS, LTC, ETH, and XRP, to earn interest. Also hold other cryptocurrencies and earn staking rewards.


coinmama

Coinmama – Established in 2013. Over 2,100,000 people across 188 countries have purchased bitcoin here.

Buy with a credit card, debit card, or wire transfer.

They also offer the option to purchase:
BCH, ETH, ETC, ADA, LTC, QTUM, XRP, XTZ, or EOS.

Coinmama does not offer a bitcoin wallet, you cannot store your tokens here, this is simply to purchase tokens. You may need a wallet or to transfer the tokens to an exchange such as Binance, Kucoin or Bittrex.


bittrexlogo

Bittrex – USA Based.

Buy with Visa debit or Mastercard, USD wire transfer or cryptocurrency. This is one of the most popular crypto exchanges in the world.

Bittrex has taken a stance against accepting payments for listings of tokens. Tokens are listed based on merit and quality of project. This is especially important when investing in what are deemed as high risk ALT-Coin.

Once you have purchased BTC you can exchange with 100s of other tokens.


What is it?

Bitcoin (BTC) is a blockchain based algorithm, which facilitates the ability to transfer value; some of what makes this technology appealing:

  • Anti-inflationary
    • 8% at time of writing, with 50% decrease every 4 years
  • Decentralized
    • No governing body – network exists simultaneously on thousands of computers
  • Transparent
    • BTC blockchain represents a public ledger, with every transaction visible
  • Inclusive
    • Accessible to anyone, anywhere, with low barrier to entry
  • Fixed Supply
    • 21 million BTC

What does it do?

Bitcoin allows for the transfer of value between parties.  It does this through use of a secure network, comprised of ‘miners,’ which host nodes (computers which store copies of the BTC ledger).

As a digital asset, participation in the Bitcoin network simply requires access to an internet connection.  The asset itself can be used as either a means of payment, or a store of value.

How does it work?

Bitcoin works by utilizing a ‘Proof-of-work’ protocol.  This structuring sees miners in the Bitcoin network vie for a reward of Bitcoin, which is released every 10 minutes.  During this 10 minute increment, miners validate transactions completed between network participants.  These transactions are then recorded on a data block.  Blocks are permanently recorded in sequential order, linked similar to a chain.  The nature of this process led to the technology being dubbed ‘blockchain’.

Due to popularity, and growth of the network, mining Bitcoin has largely become unprofitable for the average person due to computational requirements.  While mining was possible on a laptop, early in Bitcoin’s lifecycle, today, miners are typically large companies operating massive outfits with thousands of specialized machinery.

Projected Developments?

Growth surrounding Bitcoin is a controversial subject.  It is widely believed that, in the long-run, Bitcoin will not exist in the manner it does today; Bitcoin will either ‘boom’ or ‘bust’.

Much of the growth expected to occur revolves around the idea that Bitcoin will replace gold as the ‘go-to’ store of value.  With the current capabilities of the Bitcoin network, this is a real possibility.  If treated as a store of value, less priority will be placed on transaction speed and cost – reducing the impact of current network limitations.

Aside from becoming a store of value, second-layer solutions, such as the Lightning Network, hold the potential to transform Bitcoin into a legitimate candidate for micro-transactions and everyday spending.  Development of the lightning network has made leaps and bounds in the past two years, with various companies dedicating themselves to its maturation.

A best case scenario would see a fully developed lightning network implemented, providing speed, security, and cost savings.  In this scenario, not only would micro-transactions be possible, but the inherent traits of Bitcoin would allow for it to act as a store of value, as well.

Underlying Ideology?

While many cryptocurrencies have lofty goals, few are founded on a strong ideology; Bitcoin is one of these few.

With Satoshi Nakamoto being anonymous, his/her intentions remain unknown, to an extent.  What is clear is that the goal of Bitcoin was to provide a means for an inclusive, secure, stable, means of value transfer.  Most importantly, this would be free of government manipulation.

These attributes, built into Bitcoin, are largely believed to be due to past examples of fraud, manipulation, and self-serving decisions made continuously by participants in the traditional banking system.

If successful, Bitcoin would provide a once in a lifetime opportunity to hit the ‘reset’ button on the world stores of wealth. It would provide the unbanked the opportunity to gain access to modern services.  It would bring democracy to finance.

Acceptance and Controversies?

Of the cryptocurrencies created, to date, all pale in comparison to Bitcoin with regards to adoption.  While much of this is due to a first-movers advantage, Bitcoin has managed to establish itself as the industry leader, simply through its inherent traits (decentralization, anti-inflationary, etc.)

While mainstream adoption has yet to occur, signs of this have been increasingly apparent in recent years.  An asset that was once a fringe technology is now a household name, with a growing number of ways to buy and spend.

On an institutional level, Bitcoin has seen a string of successes and failures over the past few years.  While failure has been seen surrounding the development of a Bitcoin ETF, successes have been numerous, with the following being only a few examples.

  • Bitcoin futures
    • CME, Bakkt,
  • Bitcoin Fund
    • 3iQ
  • Custodial Services
    • Gemini

Throughout the lifecycle of Bitcoin, there have been various squabbles among developers (SegWit, etc.), and controversies that plagued Bitcoin.  The two most commonly recurring controversies surrounding the digital asset are,

  • Illicit activity
    • A perception that criminals utilize BTC, with the asset supporting black market activity
  • Power consumption
    • Growth of the network, and a reliance on proof-of-work, has resulted in increasing power consumption by computers powering the network.

Regulation?

Due to its decentralized nature, and no central authority, Bitcoin is not viewed as a security in most of the world.

While BTC may not be viewed as a security, there are discrepancies around the world surrounding classification.  Is it a currency? Is it a commodity? Is it a collectible? Etc.

With regards to North America, Bitcoin is widely viewed as a currency, and treated as such.  Jay Clayton, Chairman of the SEC, has gone on record stating this.

“Cryptocurrencies: These are replacements for sovereign currencies, replace the Dollar, the Euro, the yen with Bitcoin…That type of currency is not a security.”

Who made it?

Bitcoin might have the most interesting origin story of all.  This is due to a shroud of mystery surrounding its founder – Satoshi Nakamoto.

The mystery surrounding Satoshi is that no one knows who he/she/they are.  Furthermore, as the identity of Satoshi is unknown, this person may not even be alive today.

What is known is that wallets associated with Satoshi contain nearly 1 million BTC, with the vast majority remaining untouched since their creation.

Bitcoin & Cryptocurrency Trading Risk Disclaimer

There is a very high degree of risk involved in trading securities, and this trading risk is  higher with Cryptocurrencies due to markets being decentralized and non-regulated. There is no central bank that can take corrective measure to protect the value of Cryptocurrencies in a crisis or issue more currency. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.

All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. Do not trade with money that you cannot afford to lose. When in doubt, you should consult a qualified financial advisor before making any investment decisions.

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To learn more visit our affiliate disclosure page.

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Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies involves a high level of risk.

This risk is  higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.