Bitcoin By Credit – Safely Buy Bitcoin With Credit Or Debit Card?

Bitcoin By Credit, found online at, promises to make it easy to purchase bitcoin using your credit card. Here’s our review.

What is Bitcoin By Credit? is an online service that helps users buy bitcoins with credit cards.

You place your order, specify the USD amount of bitcoin you want to buy, and then sends funds to your bitcoin address.

You can use any ordinary credit or debit card. You’ll need to undergo AML/KYC verification on Bitcoin By Credit, then your credit card information is processed by a third party platform called Simplex.

The platform charges a fee of 10%, including 5% as its own service fee, then an additional 5% for payment processing through Simplex.

How Does Work?

You can complete your transaction using a desktop computer and any ordinary credit or debit card.

Bitcoin By Credit makes you verify your account before you buy. You’ll need to submit a clear, high-quality selfie holding your credit card. The first and last digits of the card must be visible, along with the name of the card and the expiration date.

You’ll also need to provide Bitcoin By Credit with government-issued photo ID, including a driver’s license, international ID, or passport. You’ll need to upload the front and back sides during the verification process.

Once you’ve completed these steps, you choose the bitcoin you’d like to purchase. You can enter the amount of BTC or the amount in USD you’d like to purchase.

Next, you’ll enter your own bitcoin address. doesn’t provide a wallet for you. You’ll need to have your own bitcoin wallet – say, by downloading a wallet app, signing up for an exchange, or downloading software.

Then, you’ll need to enter your billing information, including your personal details and address. Then, you’ll need to verify a 4 digit code sent to your mobile device, verify your credit card through your bank, and complete a few other verification processes.

Finally, will conduct the transaction on your credit card using Simplex. Some payments will go through automatically, while other payments may go through a 48 business hour manual reporting window. uses Simplex to process payments. Pricing and Conditions

Bitcoin By Credit outlines its bitcoin exchange rate clearly on the official website. You’ll also need to pay a credit card processing rate.’s rates are similar to a bitcoin ATM: the company charges 5% as its own service fee, then there’s an additional 5% fee from Simplex.

A $50 minimum purchase is required. There’s also a $5,000 USD daily limit and a monthly limit of $20,000. You can purchase $20,000 over a four day period if you wish, although you’ll need to wait one full month before making another purchase.

Ultimately, a 10% rate is considered very high for an online bitcoin payment method. Typically, you only see fees of 10% when purchasing from an ATM. Otherwise, exchanges will have fees of around 2% to 3% when purchasing with credit cards. It’s not totally clear what advantage offers someone to make it worth the significant premium.

Who’s Behind doesn’t provide much information about itself online. The company has no “About Us” page or “Contact” page. The only way to contact the company is through a built-in chatbot.

WHOIS data tells us the website appeared online in June 2017.

Bitcoin By Credit Conclusion is an online service where you can purchase bitcoin using a credit card or debit card. The platform charges a 10% overall fee for its service (5% as its own fee, and 5% for credit card payment processing with Simplex).

It’s not totally clear why you’d use Bitcoin By Credit instead of working directly with Simplex or an exchange. However, you can visit the platform online today at

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