Top 4 Crypto Websites To Instantly Buy Bitcoin With Credit And Debit Card

With the popularity of Cryptocurrencies like Bitcoin soaring over the years, especially since its 36 bullish months, people are eager to buy into the hype. But while the popularity surges ahead, the act of buying it remains stuck seemingly in the dark ages, with over complicated transaction processes, which restrict the act of buying crypto to those who are either well-versed with coin exchanges or those with a saint-like amount of patience.

Luckily, some exchanges have moved away from this otherwise strenuous system, to one that proves far more consumer-friendly: that being the use of credit and debit cards. To say it's at a very opportune time that exchanges decide to do this is appropriate, despite the recent bearish reversal that cryptos have faced this year, cryptos like Bitcoin still carry a lot of value, and, according to financial experts and crypto enthusiasts, the long-term view is more than enough to compel people to buy in.

4 Crypto Websites To Buy Bitcoin With Credit/Debit Card

Here are some of the examples of coin exchanges taking on a more ‘friendly' approach towards buying crypto.

Coinbase

  • Regions Supported: 33 countries in North America, Europe, Asia, and Australia
  • Requires Identity Verification: No
  • Number of Coins Listed: 4
  • 2-Factor Authentication: Yes
  • Credit Card Deposit Fee: 50%
  • Credit Card Withdrawal Fee: No withdrawals to CC
  • Daily/Monthly Buy Limit: $7,500/$100,000

Coinbase has gained a reputation worldwide as one of the most consumer and regulator friendly institutions serving as a cryptocurrency coin exchange for over 33 countries. It's made this reputation through providing a simple to use platform while providing a high level of security and a very attentive customer service system.

Coinbase is split into two segments, the first being Coinbase.com, which allows verified retailers to buy and sell Bitcoin along with a few other registered cryptocurrencies using a credit or debit card. Due to a change in company policy, however, which means that new users are unable to join this platform.

Coinbase Pro, on the other hand, gives access to a more sophisticated coin exchange system for those more comfortable with trading cryptocurrency.

Unlike the general Coinbase.com system, the associated fees for completing transactions are far lower, with charges of 0% for maker orders and 0.30% for taker orders. It also givers users additional security should their assets be placed in unnecessary risk, with insurance coverage of up to $250,000 per user.

Coinbase Pro is currently available in 27 countries.

For the average user, registering and getting starter for using the platform is obtaining email verification and a code which is sent to your mobile phone as part of its multi-stage security. Once you've been fully validated, you'll be shown an interface with the performance of the various cryptocurrencies available on Coinbase (Litecoin, Ethereum, Bitcoin & Bitcoin Cash).

In order to purchase your crypto of choice, simply go to the buy/sell section of the platform, and once you've selected your chosen crypto, you select your chosen currency and amount you want to buy. While it's not an instant transaction, it will be credited against your account and in your wallet within a few minutes.

If you've yet to validate your card, Coinbase will prompt you to do so, this takes the form of one or two fiat transactions ($1) that will allow your card to be fully onboarded.

For any cryptocurrency transactions that take place on Coinbase.com, the platform does charge a fee of roughly 3.5%.

CEX.io

  • Regions Supported: All countries, sans certain ones in the Middle East and Africa
  • Requires Identity Verification: No
  • Number of Coins Listed: 8
  • 2-Factor Authentication: Yes
  • Credit Card Deposit Fee: 3.50%
  • Credit Card Withdrawal Fee: Up to $3.50
  • Daily/Monthly Buy Limit: $1,000/$3,000

Unlike Coinbase, CEX.io, the London-based coin exchange, readily accepts new traders from across the world with the exception of a number of countries in the Middle East and Africa. But even then, this just means residents will just have a longer verification process in order to join.

Residents of the following countries may be subject to longer application processes: Qatar, Saudi Arabia, Yemen, Oman, Nigeria, Iraq but could also include regions of Europe.

Unlike Coinbase, however, CEX use in the USA is currently restricted to just 24 states, in spite of this CEX boasts a strong reputation as a secure, straightforward platform for new users.

Signing up to CEX is pretty simple, all it requires is a valid email address, Google or Facebook account. Once your account is added, CEX sends you an SMS code to act as additional verification, which, once completed, gives you access to the platform. This is an entirely elective step, but CEX highly recommends it in the interest of user security.

Much like Coinbase, CEX requires you to undergo a validation period for any card that you add to the platform, this usually takes around 2-3 days to happen. Once validated, you'll be able to buy your chosen cryptocurrency from the sites dropdown menu before deciding how much you want to buy.

There is a limit to the volume of crypto you can buy, however, but this is usually between $1,000 as a daily limit and $3,000 for a basic member. Users with verified accounts can take advantage of unlimited withdrawals and deposits, incentivizing users to obtain the validity of their accounts.

CEX.io does have standard fees attached to purchases and withdrawals on accounts, the standard purchase fee stands at 3.5% with charges of $3.80 on withdrawals from user accounts.

CEX.io also offers payments in a variety of fiat currencies, including Dollars, Rubles, Euros, and British Pounds. The company also allows for purchases on both Mastercard and Visa.

LocalBitcoins

  • Regions Supported: 248 countries worldwide
  • Requires Identity Verification: No
  • Number of Coins Listed: 1
  • 2-Factor Authentication: No
  • Credit Card Deposit Fee: None
  • Credit Card Withdrawal Fee: No withdrawals to CC
  • Daily/Monthly Buy Limit: None

LocalBitcoins, in operating less like a coin exchange and more as a Peer-to-Peer network of users from across the world, means that it's a truly international service for those looking to buy or sell cryptocurrencies.

The platform, unlike its contemporaries, the Finland-based company simply functions as an intermediary body between the buyer and seller, this means that the company does not hold any crypto of its own.

One other feature that makes this network stand out is that there is no requisite ‘market price' that users abide by, instead, it functions on a basis of what the value is that the trader is willing to sell. One of the only ways in which LocalBitcoins does get involved in the community is to serve as an arbiter between users should a dispute arise.

An additional layer of security comes from the fact that every transaction is held in escrow, meaning that until both users have had the transaction verified, the money is held on a secure separate channel.

Spanning 248 countries, LocalBitcoin provides the widest scope of exposure, conjoined with a high level of security.

Out of the four platforms here, LocalBitcoins has one of the easiest registration processes. After entering your username and password of choice, you can verify your account through an email confirmation link, from there you can start using the platform.

Unlike trading on coin exchanges, users will need to undergo a certain amount of window shopping before finding their value of choice for purchasing crypto. But the system is seamless, allowing you to contact the seller directly and pursue the purchase should both of you agree.

If you were more intent on a price range and shorter on time, you can use the systems quick search system, which allows you to list the amount, type of currency, country, and payment method. Once you've chosen a trader, you send across your offer to the seller, and if they accept, you'll be sent specific instructions on how to complete the transaction.

To receive your coins, you must complete the payment request and notify the seller that the funds have been transferred, thus releasing your Bitcoin.

While unable to boast the same efficiency of major coin exchanges, it offers a great deal of security and exposure to users from all across the world. The company also doesn’t charge fees for buying and selling coins though they do include a 1.00% fee for advertisers when a trade is completed. This also doesn’t count any specific fees your credit card provider may charge.

Bitit

  • Regions Supported: All countries
  • Requires Identity Verification: To remove purchase caps
  • Number of Coins Listed: 15
  • 2-Factor Authentication: Yes
  • Credit Card Deposit Fee: 90%
  • Credit Card Withdrawal Fee: No withdrawals to CC
  • Daily/Monthly Buy Limit: $7,500/$100,000

The relative newcomer on the list, what Bitit lacks in the way of experience, it makes up for in versatility, security and easy usability. The platform readily accepts Visa, Mastercard, Maestro including American Express. One of the unique elements to Bitit is the ability for users to purchase any number of cryptocurrencies using a varying number of fiat currencies rather than just the popular ones (USD, GBP, EU).

Based in France, the company comes under good regulations while also allowing for rapid transaction times in order to prevent traders from falling victim to market volatility. Where other exchanges have a restricted number of countries where they can operate, Bitit is available to individuals living anywhere.

In a similar style to LocalBitcoins, Bitit allows for a far faster registration and validation system, allowing users to jump into trading with relative ease. Registration simply requires the user to fill out a short form, selecting a username and password. From there, users are free to start trading cryptocurrency immediately. In order to remove any caps on purchases, deposits or withdrawals, however, users can complete the full verification process.

To conduct a purchase, users simply select the Buy option and select the cryptocurrency of choice, once they've done so, they can then move on to the form of fiat they'd like to pay with, enter the wallet you wish to pay the crypto into and in a few minutes, the transaction will be complete.

While it boasts a far greater reach and speed when compared to other exchanges, Bitit does carry higher transactions fees, transactions on credit cards, for example, are charged 6.9%, not including any additional fees also charged by the credit card company.

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