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 Debit cards, by contrast are always linked to a bank account and money is withdrawn from the account when a transaction occurs.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 overdrafts.

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.