What are credit cards and debit cards?
Credit cards offer a line of interest-free credit (loan) that is usually billed once a month. Credit cards are
usually not connected to a personal bank account, but another bank or financial institution that issues the
card. Debit cards, by contrast are always linked to a bank account and money is withdrawn from the account when
a transaction occurs. The most
popular credit card networks are MasterCard, VISA and American Express.
Why do not all exchanges accept credit card payments?
Credit cards exhibit some risks for merchants. Credit card payments can easily be disputed and charged-back
which may result in a lot of hassle for the merchant. Furthermore, payments take up to a few days to settle
during which the exchange or broker needs to prepay the cryptocurrency purchase with own funds or bank
Advantages of buying cryptocurrencies with credit card
In many cases, credit cards are the easiest and fastest way to buy Bitcoin, Ethereum and other cryptocurrencies.
Exchanges and brokers transfer your coins to your account almost instantly after the payment was confirmed by
Visa or Mastercard.
Disadvantages of buying cryptocurrencies with credit card
While cryptocurrency transactions are generally irreversible, credit card payments allow for a reversal of funds
to the customer if a transaction is disputed and a chargeback requested. Hence, cryptocurrency brokers offer
credit card payments at a surcharge.
Which cryptocurrencies can I buy with credit card?
With MasterCard and VISA you can buy the following cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash,
Ripple, Dash, Monero. Please check our exchange and broker detail pages to learn more.