How to buy Bitcoins with Credit Card


Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only then check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post first.

As 2015 begins it seems that more and more options to buy Bitcoins with credit cards are available. In order to help people sort out what are the most efficient ways to do this in this post I will cover most options to buy Bitcoins with a credit card.

Just for general knowledge, the reason that buy Bitcoins with a credit card isn’t easy to come across is due to chargeback issues that most sellers wish to avoid (for a detailed explanation look here).

Before I explain the different methods one word of warning. NEVER leave your Bitcoins at an exchange or a website. Once you purchase Bitcoins from any of the methods explained below move them into your Bitcoin wallet immediately. If you still don’t have a Bitcoin wallet you can compare the different wallets here.

Buy Bitcoins with a Credit Card at CoinMama

(No verification needed up to $500, worldwide)

CoinMama specializes in Bitcoin purchases through a credit card. They take a premium fee for their services but  they do not limit you to a maximum amount of Bitcoins that you can buy. You can buy up to $500 worth of Bitcoin without verification. Another good feature CoinMama offers is that once you place your order with them your price is reserved. So if the Bitcoin price goes up until you finish the payment process you will be unaffected.

From Coinmama’s homepage you can choose how many Bitcoins you’d like to buy / sell. You can enter the price either in BTC or in USD or choose one of the offered packages.

coinmama homepage

Once finished, click “buy Bitcoins” and you will be taken to the sign up page. After you fill out your initial details you will need to go through additional verification by submitting a photo ID document. Verification is usually pretty quick (it took me 1.5 hours to get verified). You can also buy up to $500 without doing the verification process.

Once verified you can buy Bitcoins pretty easily with your credit card through the simple interface. If you verified your address I suggest you use “Visa, Mastercard via Simplex” since it’s the fastest option. If you want to continue without verification you can use the “MoneyGram” option. You can then pay the amount with your credit card on MoneyGram’s website (this is applicable to US residents only).

buy bitcoins coinmama

The next step will be to enter your own Bitcoin address. Unlike other exchanges CoinMama doesn’t keep your Bitcoins on their wallet (which is a good thing). This means you’ll need to get a Bitcoin wallet before continuing.

daily order limit coinamama


The last step will be to enter your payment details and place your order.

coinmama bitcoin order

Coinmama uses the services of Simplex allowing merchants to sell Bitcoins via credit cards as a payment method. I’ll probably be doing a more in-depth review of Coinmama soon as it has become quite a popular method for buying Bitcoins.

Buy Bitcoins with a Credit Card Through VirWox

(no verification needed, limited to €80 worldwide)

Virwox’s option is less intuitive than and has more fees. However it is possible to get you Bitcoins within 48 using this method.

Because of chargeback risk Virwox is taking on themselves they are limiting the amount you can deposit initially through Paypal or a credit card, here are the exact limits according to their website from April 30th 2015.

virwox limitations

The first thing you’d want to do is go to VirWox. VirWox is a Virtual World Exchange which was originally setup to trade Second Life Lindens – a virtual currency also known as SLL. We are going to use VirWox as a mediator in order to purchase Bitcoins with a credit card since most places won’t allow you to do this as I’ve mentioned in the beginning of the post.

So After you’ve entered  VirWox you’re going to need to sign up. There’s a link on the top left that says “Not registered yet ?”. You can see it here:

buy bitcoin with credit card

Then all you need to do is to fill out your personal details. Where it says “Avatar Name” you can just leave it at “No Avatar”. The Avatar is taken from the game Second Life and we don’t really need to link anything here.

buy bitcoin with credit card

Once you’ve entered all of your information you can just click “Register”. The next thing that will happen is that you will get an email from VirWox with your temporary password. I strongly advise you to change that password since you will be transferring money through this site.

Once you get that email just log into VirWox with your username and password. The first thing you will need to do now is to deposit some money into your account. Just click on the “Deposit” link on the left side and go to the PayPal Express Checkout section. There you can choose how much money you would like to deposit.

deposit money VirWox

Note that there is a max amount of money you can deposit, but it will go up as soon as time goes by (the exact amounts are stated on VirWox’s homepage). So after you enter the amount you want to deposit just click the “PayPal” button.

You will now move on to the PayPal payment page. If you have a PayPal account you can just log into it and make the payment. If however you don’t have an account and want to pay with a credit card you can just click the link “Don’t have a PayPal account ?”.

PayPal Deposit

Once you click that link you can just enter your credit card information and buy deposit money to VirWox with your credit card.

Buy with PayPal

After you deposit the money it will show on the top left side in VirWox on your USD balance. Now it’s time to buy some Bitcoins. The first step you’d be doing is buying SLL with your USD. Just go to the SLL/USD and select how many SLL you want to buy according to the current conversion rate.

Buy With SSL

In the picture above I don’t have enough USD to buy SLL but if you’ve followed the steps correctly so far you’d see the amount of SLL you can buy with your USD.

After you’ve bought SLL they will also show up in the top left side (you can see mine on the top left in the former picture). And now it’s time to exchange these SLLs into BTC. So go to the SLL/BTC exchange and just exchange as many SLLs as you’d like.

Exchange grapgh


After you’ll exchange them you will see the Bitcoins showing up in your account on the top left as well. The last step that’s left is to withdraw the Bitcoins into our wallet. So just click on “Withdraw” on the left side and you will be able to enter a Bitcoin address that you can send your newly acquired Bitcoins to.

Withdraw Bitcoins

After the transaction will be approve (this can take up to 48 hours but usually takes around 2) you will see the Bitcoins in your wallet.

Buy Bitcoin with a Credit Card at Circle

(Worldwide, credit card needed)

Circle is one of the hottest new startups at the moment which allow you to buy Bitcoins with a credit card pretty easily. The company just came out of Beta, and they claim to operate on in the US. However numerous users (including myself) have managed to purchase Bitcoins through them using an international credit card even though they do not reside in the US.

First sign up for Circle:

circle sign up


After you finish the sign up process go to “Add funds” and deposit money into your account using your credit card.

add funds circle

If you didn’t add a credit card on sign up you will be requested to do so on this step.

deposit money circle


You should see the money in you account instantly. Once the money is in the account you can withdraw it to your own Bitcoin wallet in the form of BTC. Go to “Send money” – click on the “USD” sign to it will convert in to BTC and fill out your Bitcoin address and the amount you want to withdraw.

withdraw bitcoins circle

2 Additional Bonus Option:

Buy Bitcoins with a credit card through CEX.IO

(Worldwide, verification needed)

There is an option to buy Bitcoins using your credit card at the CEX.IO bitcoin exchange. Established in 2013 as the first cloud mining provider, CEX.IO has become a multi-functional cryptocurrency exchange, trusted by over 450,000 users. The company also runs – the largest Bitcoin cloud mining exchange.

After opening an account just click on “Wallet” and “Fund” next to the request currency. You will then have the option to either wire transfer the money or use your credit card to get your Bitcoins instantly

cexio bitcoins credit card

Buy Bitcoins with a credit card through 247Excahnge

(Worldwide, verification needed)

247Exchange has been around since 2014 and it allows you to buy Bitcoins with either a wire transfer or a credit card. The rates on the site are pretty descent but the buying process is a bit cumbersome. I recently tried to purchase Bitcoins at the exchange and had a hard time completing the transaction.

247exchange buy bitcoins

Having said that the business seems to be pretty legit and has a good reputation online. The good thing about the exchange is that it shows you all fees before hand so you don’t get surprised by the final charge amount as may happen sometimes with different exchanges.

If all other options fail this is a good fall back for buying Bitcoins with your credit card.

And if you still haven’t find the right method for you

You can also take a look at CoinCorner or CleverCoin which are two smaller companies that also allow you to buy Bitcoins with a credit card.

Note: If you’re looking to buy Bitcoin with Paypal or a credit card for trading purposes only then check out AvaTrade or Plus500 Bitcoin CFD trading. For more information read this post first.

So how do I know which exchange to use ?

It can get kind of hard to decide which exchange is the best platform for buying your bitcoins because there are so many of them. That’s why we also created our best bitcoin exchange comparison page to make the process easier for you.

If you have any more questions or comments about the methods I just described just leave me a comment below or contact us here.

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