Blog Post

8 Exchanges to Instantly Buy Bitcoin and Altcoins with Credit or Debit Card

Adam Robertson • Dec 28, 2020

It’s without a doubt that Bitcoin has gone mainstream. However, the biggest bottleneck in obtaining Bitcoin and other altcoins has always been purchasing either of them instantly. Most of the crypto exchanges accept other payment methods except for debit and credit cards. Nevertheless, the increasing demand for bitcoin transactions has sparked an evolution in many platforms to facilitate settlements through FIAT currency. These platforms include various payment methods as per a user’s convenience, though not all of them accept credit cards for buying bitcoins. Here is a list of some of the best exchanges that allow buying bitcoins via credit or debit card instantly. 


8 Best Ways to Buy Bitcoin/ Altcoins with Credit/Debit Card 2020


Coinbase

Coinbase is a leading crypto exchange to purchase Bitcoin and altcoins such as Litecoin or ETH via Visa debit/credit card within the USA’s borders. The platform provides high-end security measures coupled with a low trading fee. The user interface is simple and ideal for expert traders as well as beginner traders alike. 


Fee

Coinbase charges an average transaction fee of about 1.49% to 3.99%. Upon the use of credit cards, the exchange imposes a 3.75% fee. A limit is also enacted on buying Bitcoin via credit cards, i.e., $150 of bitcoins per week. Coinbase verifies its users and requires each of them to submit ID proofs as a verification method before using a debit/credit for payment. Each user’s credit card transaction limits are viewable on the verification page. 


How to Buy Bitcoins/Altcoins using a debit card on Coinbase

  • Register for an account on Coinbase.
  • Complete the signup process.
  • Go to the Payment settings and add a payment method.
  • Select the debit card option and add your debit/credit card.
  • Coinbase will conduct two transactions.
  • Log in to the card statement account.
  • Add the payment to your Coinbase account section.

Pros: User-friendly interface, low trading fees, instant, secure and reliable transactions.

Cons: Transactions may take some time, available in only select countries; support may take an awful while to respond. 


Binance

Binance is an established crypto exchange accessible in all countries except the USA. The exchange allows the instant purchase of Bitcoin and altcoins, including BNB, Ether, XRP, and Tether with Visa or MasterCard, thanks to their partnership with Koinal, TrueToken, Simplex, and Paxos. The exchange is relatively easy to use and boasts of a secure and user-friendly interface. 


Fees

Binance charges two payment fees, i.e., Koinal (2.5% fees) and Simplex (3.5%). Transaction fees on the platform are relatively low compared to other exchanges. 


How to Buy Bitcoins/Altcoins using a debit card on Binance

  1. Create your Binance Account. 
  2. Choose the cryptocurrency you want to buy. 
  3. Select the “Visa/MasterCard” payment option.
  4. Enter the number of cryptos you wish to acquire and confirm your order. 

Pros: Fast services, low transaction fees, good reputation, excellent customer service. 

Cons: Not available in the US, Supported cryptocurrency for trading is limited. 


Luno

Luno allows you to buy Bitcoin, Ethereum, Litecoin, and XRP using a debit/credit card accepting EUR, ZAR, NGN, and MYR as the fiat currencies. The exchange covers over 5 million customers spread out across 40 countries. Luno streamlines the process of trading cryptos, creating an ideal environment for beginner traders. 


Fees

Luno charges a low transaction fee, which varies between country and purchases. Transactions fees calculations rely on the taker maker payment system where users end up paying fees between 0.25%-1% depending on the currency in trade. Deposits using debit/credit cards are free of charge. 


How to Buy Bitcoins/Altcoins using a debit card on Luno

  1. Sign up on the platform.
  2. On the account setting tab, click on the “Credit/Debit Card” option.
  3. Enter your Debit/Credit Card Information.
  4. Confirm and buy Bitcoins.


Bithumb Global

Bithumb Global is a popular South Korea-based crypto exchange with plenty of features making it ideal for altcoin traders. The exchange aids users in purchasing Bitcoin and altcoins using credit cards under third-party fiat-to-crypto gateway providers. Users can buy close to 20 popular crypto assets with fiat.


Fees

The platform’s fees are quite competitive. Withdrawal fees are also dependent on the type of coin. Withdrawal of Ethereum costs 0.01 ETH while Bitcoin costs 0.001 BTC. Generally, the exchange charges 0.15% of what you’re purchasing or selling. 


How to Buy Bitcoins/Altcoins using a debit card on Bithumb Global

  1. Sign up on the platform. 
  2. On the account setting tab, click on the “Credit/Debit Card” option. 
  3. Enter your Debit/Credit Card Information. 
  4. Confirm and buy Bitcoins or altcoins.

Pros: Large trading volume, 24/7 support, beginner-friendly. 

Cons: Sometimes the verification process is slow.

 

Crypto.com 

Crypto.com is a beginner-friendly crypto exchange that enables users to purchase over 80 cryptos via debit cards, including 21 top fiat currencies, including EUR and USD. The exchange is non-custodial and boasts of low trading fees coupled with deep liquidity and outstanding execution prices. 


Fees

Crypto.com app doesn’t exact tariffs on deposits or transfer to other exchange platforms. The fees charged for withdrawals depends on the type of token withdrawn. Users will be subject to a trading fee. A credit card purchase on the exchange is charged 0% in EU nations and between 1-3% in other regions. 

How to Buy Bitcoins/Altcoins using a debit card on Crypto.com

  1. Register on the platform and complete the Identification Verification. 
  2. On the exchange, click on Buy.
  3. Choose “Credit Card’ as the Purchase Method. 
  4. Accept the 3.5% Card Fee. 
  5. Click on “Add Credit or Debit Card” and fill in your card info.
  6. Choose the Amount of Crypto You Would Like to Purchase and Click Buy.
  7. Confirm and finish off the transaction.

Pros: Low trading fees, beginner-friendly, regulated 

Cons: No app, incompetent user privacy. 


Coinmama

Coinmama simplifies the process of buying Bitcoin and altcoins using debit/credit cards. Contrary to other exchanges, Coinmama doesn’t offer an in-built Bitcoin wallet. One should seek a way to store crypto themselves on the platform.


Fees

Coinmama charges a flat-fee of 6.75% on all transactions. Transactions involving debit/credit cards adds a 5% fee to the tally. The exchange also limits transactions involving credit cards to 5000 USD/EUR per day and 20 000 USD/EUR per month. 


How to Buy Bitcoins/Altcoins using a debit card on Coinmama

  1. Sign up on Coinmama and verify your identity.
  2. Add a Bitcoin address to the platform.
  3. Provide debit/credit card information.
  4. The address receives Coins instantly after purchase.

Pros: Fast purchase turnaround, good customer support, reputable company

Cons: Charges high fees compared to other exchanges, has monthly limits. 


CEX.io

Cex.io offers seamless Bitcoin and altcoin purchases using credit cards. It’s one of the most efficient and trusted sites for buying Bitcoin or altcoins with credit or debit cards. While it offers brokerage services, the fees are relatively high. Nonetheless, you can still purchase Bitcoin on the platform all by yourself. 


Fees

CEX.io fees are higher compared to other platforms. The platform charges a fee of 7% for bitcoin exchange involving direct trading. The exchange employs a maker-taker model meaning that the transaction charges are dependent on the tariffs charged. It also implements buying and selling limits. Verified users can deposit between $10,000/day to $100,000/month using Visa/Master Card and Bank transfers. 


How to Buy Bitcoins/Altcoins using a debit card on CEX.io

  1. Sign up on CEX.io. 
  2. Click on: Finance,” then “Deposit,” and then click on the FIAT currency of your choice. 
  3. Use your debit card to deposit to your account.
  4. Buy Bitcoins and other altcoins by clicking on “trade” then choose the “BTC/USD” option. 

Pros: Supported in numerous countries, reputable exchange, has a high purchasing limit

Cons: Very high exchange rates with an extensive verification process. 


CoinSwitch

CoinSwitch offers instant crypto purchases using debit or credit cards. One can buy over 300 cryptocurrencies on the exchange, including BTC, XRP, LTC, and ETH with Visa or MasterCard. All major fiat currencies, including USD, EUR, RUB, JPY, and AUD, are supported. The platform has an anonymity feature whereby users do not have to sign up or create an account to purchase crypto. 


Fees

The charges are dependent on the type of exchange, ranging from a fee of 0% to 0.49%. The rates are one of the lowest among crypto exchanges. 


How to Buy Bitcoins/Altcoins using a debit card on CoinSwitch

  1. Input the USD amount and select the exchange with an excellent price. 
  2. Input your BTC address. 
  3. Click to make payment with your Credit Card.
  4. Ensure the coins reflect in your BTC address.

Pros: Supports vast tokens, has reliable support, accepts crypto interchangeability, low trading fees. 

Cons: It is unavailable in several countries such as the US. 


Final Words

Advancements in the crypto space have now made it possible to purchase crypto using a debit or credit card. Buying Bitcoins and altcoins via debit card is relatively easy on exchanges that accept the use of a credit card. Including credit cards to purchase cryptocurrency has made crypto exchanges instrumental in spurring mainstream crypto adoption. Even so, before buying crypto using credit cards on crypto-exchanges, one may need to exercise caution for the existence of numerous fraud platforms. The user mustn’t overlook the legality and convenience of the exchange.

Souce: Crypto Adventure

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  

Elevault's $ELVT Token Public Sale Ending Soon, Launch Set for May 15

By Press Release • 13 May, 2024
Elevault Coin is excited to announce that its public sale is active and will be concluding shortly, following a robust and successful presale period. The official launch of this unique token is set for May 15, offering a remarkable opportunity for traders and holders.  This first-of-its-kind token boasts a blend of proven and innovative tokenomics, providing unlimited opportunity and security for a strong and dynamic community that has rallied impressively so far. Elevault Coin's overarching aim is to foster an intentionally designed, exhilarating, and rewarding token ecosystem that will endure through time. Elevault's Public Sale As the enthusiasm for Elevault Coin continues to grow post-presale, investors are still able to engage in this exceptional opportunity as the public sale draws to a close. The project emphasizes inclusivity, offering multiple sales and airdrop events which have already created vibrant community involvement, allowing enthusiasts to actively shape the currency's path forward. Elevault Coin differentiates itself with its innovative approach, having introduced a money-back guarantee during the presale to allow low-risk participation, a feature continuing through the end of the public sale. This public sale is not just an investment; it's a gateway into the future of the project. The Project's Offer for the Web3 Community Exciting features await the Web3 community with Elevault Coin. The project has implemented reflection mechanics to ensure fair distribution of sale fees among all holders and stakeholders. This foundation guarantees that every community member benefits from these fees, independent of their token holdings. Additionally, Elevault Coin incorporates a recurring lottery system where entries can be obtained through trading and token locking, enhancing the coin's appeal for long-term holding. Moreover, the project introduces an NFT "trade license" system that reduces sales fees for traders and opens up further investment opportunities. Designed with deflationary tokenomics, Elevault Coin aims to maintain its value stable with positive price pressure over time. The project also rewards liquidity providers with a designated share of reflections, bolstering its economic framework. Finally, post-launch, Elevault Coin will enhance community control through on-chain governance, building on the input gathered pre-launch and ensuring security and inclusivity through interim controls. This empowers the community to make critical decisions affecting the project's trajectory. About Elevault Coin Elevault Coin is poised to make a significant impact in the cryptocurrency investment world. By rewarding both trading and holding, it redefines the once-static investment landscape. With its unique and thoughtfully designed tokenomics, the coin nurtures a dynamic community, propelling an investment journey not to be missed. With a strong presale and public sale already under its belt, Elevault Coin invites everyone to join its vision of revolutionizing the crypto investment space. For more details, visit the Elevault Coin website and follow its social media channels ( X , Telegram ) to stay updated and participate in the exciting events leading up to the launch on May 15.

Marine Moguls ERC-404 Launches in 11 Days With ~2.9 Million USDT Prizes

By Press Release • 13 May, 2024
In just 11 days, blockchain will witness a revolutionary shift with the Marine Moguls ERC-404 token and NFT launch on May 25, 2024. This isn't just any token and NFT launch; it's a pioneering venture utilizing the fresh ERC-404 protocol, which combines token fungibility with NFT uniqueness. Every NFT has instant liquidity, and every token has fractional NFT ownership, making buying and trading faster and more flexible.  10,000 Tokens and ~2.9 Million USDT in Prizes The collection features 10,000 randomly generated AI marine creature NFTs that can evolve through crafting and merging. As they evolve, they become rarer and more valuable, unlocking lucrative prizes attached to over 25% of the NFT collection, like 100,000 USDT or 50,000 $METFI - 2,588 of the NFTs have prizes. Exclusive Access to MetBot Beta Stake just one $MOGUL token to enjoy generous APY and early and exclusive access to MetBot. This state-of-the-art AI trading bot is a game-changer in crypto trading. Last week, 100% of closed trades were in profit, with an 8% return the week before and an 80% return in two months. MetBot consistently delivers advanced, transparent, automated trading while your funds remain under your full control with instant withdrawals at any time. Token Distribution The distribution of 10,000 Marine Moguls tokens ensures that anyone can get a piece of the Marine Mogul pie: - Airdrop: 3,000 tokens (30%) for the airdrop campaign closing on 24th May 2024, - Whitelist: 3,000 (30%) to MetFi NFT owners, - Staking: 3,900 (39%) for generous APY disbursements, - Liquidity: 100 (1%) for liquidity. Airdrop Campaign Final Call Visit the Marine Moguls website to join the Airdrop campaign before May 24th, 2024, to claim your free $MOGUL tokens and fractional ownership of the Marine Moguls NFT collection. Join the Marine Moguls Revolution We invite you to participate in the groundbreaking Token Generation Event (TGE) on May 25th, 2024. The Marine Moguls ERC-404 collection will make a fun and powerful statement about the future of finance and an opportunity to be at the forefront of blockchain innovation. To secure your place in this transformative airdrop and launch, visit the Marine Moguls website. Don't miss this unique opportunity to dive into a world where crypto meets creativity, utility, and lucrative rewards. Join us, and let's navigate the exciting waters of the future together with Marine Moguls! About Marine Moguls and MetBot by MetFi Marine Moguls and MetBot, powered by MetFi DAO, redefine AI and digital asset integration using the pioneering ERC-404 protocol. This initiative sets a new standard for blockchain utility, merging token fungibility with the unique traits of NFTs for instant 24/7 NFT liquidity and fractional NFT ownership, broadening access and appeal. Alongside, MetBot dramatically enhances the ecosystem's value. As a cutting-edge AI trading bot, MetBot provides Marine Mogul token holders exclusive access to high-frequency trading that has delivered substantial, transparent returns. This AI bot boasts advanced intelligence and adaptive strategies, maximizing profitability while giving users control over their funds every step of the way. Marine Moguls and MetBot embody MetFi's vision of innovation, decentralization, and a valuable and rewarding digital future. By joining the Marine Moguls airdrop, community members lead an evolving ERC-404 ecosystem that challenges traditional concepts of value and ownership, delivering tangible benefits and sophisticated trading solutions. Official Links Website: https://marinemoguls.com Telegram Chat: https://t.me/MetFiChat Telegram News: https://t.me/MetfiNews Discord: https://discord.gg/MetFiDAO YouTube: https://www.youtube.com/@MetFiDAO TikTok: https://www.tiktok.com/@Metfidao.Official Certik: https://skynet.certik.com/projects/metfi Medium: https://medium.com/@MetFi_DAO LinkedIn: https://www.linkedin.com/company/MetfiOfficial GitHub: https://github.com/metfi CoinMarketCap: https://coinmarketcap.com/currencies/metfi2 CoinGecko: https://www.coingecko.com/en/coins/metfi Instagram: https://instagram.com/metfidao

Earn Passive Gold with ShadowGold: The DeFi RWA Token Backed by Physical Gold

By Press Release • 13 May, 2024
ShadowFi is set to launch ShadowGold (SDG), the first DeFi token with a liquidity pool 50% backed by physical gold and 50% by MATIC. This unique composition offers investors stability in volatile markets and sets ShadowGold apart from other DeFi tokens. ShadowGold has already amassed a starting liquidity of approximately $250,000, demonstrating the project's established presence and investor confidence.  ShadowGold is new money for the real world, backed by real gold ShadowGold holders earn passive gold rewards through PAXG reflections on each transaction. The token also grants access to exclusive equity investment opportunities, bridging traditional and decentralized finance. ShadowFi is also developing ShadowPay, the final piece in its ambitious DeFi roadmap, enabling ShadowGold holders to privately spend their gold, making it both an investment vehicle and a practical medium of exchange. Built on the secure, scalable Polygon network, ShadowGold has undergone rigorous auditing by Cyberscope to ensure the highest standards of security and integrity. ShadowFi maintains a strict commitment to user privacy, with no KYC checks, identity verification, or transaction monitoring. The ShadowGold presale kicks off on May 15th at 11PM UTC and will be open for 72 hours. During this time, investors can purchase SDG tokens at reduced prices, beginning at $0.02 and progressively rising to $0.0275 across four stages. Following the presale, ShadowGold will be publicly launched on May 19th, with an initial price set at $0.0357 per token. To participate in the presale or learn more, visit shadowfi.com . About ShadowGold The team behind ShadowGold (SDG) has a proven track record in DeFi since 2021, previously reaching a $45 million market cap and offering the first anonymous debit cards. Now, as ShadowGold, the innovation pivots into Real World Assets (RWA). X (Twitter) | Telegram | Website | YouTube | Whitepaper

Leetah Launches Presale Phase for LEET Tokens Eyeing $5 Million Soft Cap

By Press Release • 09 May, 2024
The Leetah project has officially launched its presale phase for the platform's native token, LEET. The project takes inspiration from the term "Leet" ("elite") and the features of a cheetah in a fun crypto twist. With a 5-phased roadmap, this new meme coin has a serious design that wants to bring value to its community. The ongoing presale phase aims to raise a soft cap of $5 million, a new important milestone for the project.  Leetah's Presale and Engagement Opportunities The project's presale will start at an initial price of $0.0065 for each LEET token. The team plans to leave the presale open until investors buy all allocated tokens. Specifically, with a total supply of 1,337 billion tokens, the presale will allocate 35% of this amount. Another 25% will let the team develop the project through its roadmap. LEET will go live through a decentralized exchange (DEX), for which the team allocated 30% of the token supply. The remaining 20% will cover marketing expenses (10%), airdrops (5%), and affiliates benefits (5%). The project will also feature a "Refer and Earn" program. The initiative will allow participants to earn additional LEET tokens by referring friends and family to the presale. With a 10% reward on their referrals' purchases in USDT, this program incentivizes active promotion and engagement within the community. Multi-Chain Launch Plans Leetah aims to launch on multiple blockchain platforms, including Ethereum, BNB Chain, and Solana. This approach will not only promote accessibility for investors but also set the foundation for potential expansion in the future. The project has already gained traction within select alpha communities with its unique presale strategy and innovative features. Specifically, this project's plans feature five different phases: Phase 1 (or "LeeTah is born") involves launching social channels and the website, followed by the presale phase. Phase 2 ("LeeTah grows") focuses on community building and marketing initiatives while passing a contract audit for security purposes. Phase 3 ("LeeTah roars") will see an increase in marketing efforts and community contests. At this stage, the team also expects to conclude the presale phase. Phase 4 ("LeeTah sprints") will mark the launch of Leetah's NFT collection and its listing on CoinGecko and CoinMarketCap. Finally, Phase 5 ("LeeTah Feeds") will involve the project's listing on major centralized exchanges and the launch of LEET TOOLS. About Leetah Leetah is a project driven by experienced developers to implement and test cutting-edge technologies in blockchain and digital token offerings. The project aims to be a leading name in Web3, pushing boundaries for investors and cryptocurrency enthusiasts worldwide. The ongoing presale phase for its native token, LEET, aims to raise a soft cap of $5 million. Leetah plans to launch on multiple blockchain platforms and has an ambitious roadmap featuring 5 phases of development. With its unique concept and strong team, Leetah wants to leave its mark in the Web3 sector. Anyone curious about Leetah and the LEET token can visit the project's website . The social media pages below frequently share news on Leetah's developments. X (Twitter) | Telegram
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