How To Buy Crypto With Credit Card Instantly: A Definitive Guide

The INX Digital Company INC | November 14, 2023
13 min read

Buying cryptocurrency with a credit card is a convenient way to buy cryptocurrencies with your fiat currency. Besides, it is also an accessible and familiar way for newbies just getting into the crypto world. 

In this guide, we’ll take you through a step-by-step process of buying crypto with your credit card. We have also included handy tips to keep your transactions smooth and secure, with a list of recommended places to buy crypto with credit cards. 

Why Buy Crypto with a Credit Card?

First of all, buying crypto with a credit card is one of the easiest ways to seamlessly transition from the traditional financial world into the digital space. Most cryptocurrency exchanges accept credit cards and allow you to exchange your fiat currencies for crypto. 

The process is usually incredibly easy; you can buy crypto from almost anywhere worldwide if you have internet access and a valid card. If you’ve ever made an online purchase, you’re already equipped with the know-how. Just enter your card details, and voilà, on your way to owning some digital currency.

Besides, credit card transactions are processed quickly, so they are fast. This means you can buy crypto almost instantly, which is handy, especially in a market where prices can change in a blink of an eye.

Finally, many credit cards come with some level of purchase protection in the form of cashback. This can be reassuring and helpful, especially for new buyers in the crypto space in case of scams. 

What to Consider Before Buying Crypto with a Credit Card

While it is simple enough to buy crypto with a credit card, there are some things you should consider before you buy. It’s not just about the ease and speed; you need to know the potential pitfalls and how to navigate them. We cover the most important things you should keep in mind in this section.


How much will your card provider and exchange on the transactions?

Credit card purchases often come with additional fees. Some crypto exchanges charge higher fees for credit card transactions compared to other payment methods. 

Plus, your credit card issuer might treat the purchase as a cash advance, which usually means higher fees and interest rates. Always check the fee structure of both the exchange and your credit card issuer. Also, ensure there are no hidden fees that you will pay during the transaction. 

Refunds and Chargeback

Unlike many other purchases, crypto transactions are generally irreversible. If something goes wrong, getting a refund can be difficult, if not impossible. 

Although some credit card companies might offer chargebacks, this isn’t a guarantee in the crypto world. Double-check details before confirming any transactions to avoid transaction errors.


What does the law say about buying crypto in your country/state? The regulatory environment for cryptocurrencies is still evolving, and some jurisdictions are still against buying crypto with fiat currency. Therefore, be aware of the laws and regulations in your country regarding crypto purchases and how they might affect you.

Security Risks

How secure is the crypto exchange? 

While credit card transactions are generally secure, the crypto space has its share of security risks, including exchange hacks and fraud.  When you want to buy crypto with a credit card, ensure you’re using a reputable exchange and take steps to secure your investment.

Interest Rates

What is the interest rate from your card provider?

 Keep in mind that credit card interest rates are variable and aren’t exactly low. Credit card companies may treat it as a cash advance, which can come with higher interest rates and fees plus a no interest-free period. This can add an extra cost to your crypto purchase, especially if you’re holding onto that balance for a while.

How to Buy Crypto With Credit Card

Generally, you must use a CeFi (Centralized exchange) to buy crypto with your credit card. The process is usually simple and straightforward, depending on the exchange you opt for. But for regulated exchanges like INX, you have to complete a KYC verification.

We have broken down the process of buying crypto with credit cards on INX and most regulated exchanges in this section. 

Choose a Reliable Crypto Exchange or Platform

Start by selecting a reputable cryptocurrency exchange or platform that accepts credit card payments. There are several options to choose from, so consider factors like security, fees, user interface, and the range of available cryptocurrencies when making your choice. INX is a popular example of a crypto exchange you can use. 

Create and Verify Your Account

Sign up for an account on your chosen platform. This will typically involve providing your email address and creating a password. You will need to complete the verification process required by the platform. 

This often includes identity verification to comply with Know Your Customer (KYC) regulations. You may need to submit a government-issued ID, a selfie, and sometimes proof of address for this. 

Add Your Credit Card as a Payment Method

Navigate to the payment methods section on the platform; choose to add a new payment method, and then select ‘Credit Card’.

Enter your credit card details, including the card number, expiration date, and CVV code. Some platforms may also require billing address verification.

Deposit Funds or Buy Directly

If you’re depositing funds, enter the amount you wish to deposit and confirm the transaction. Then, navigate to the buy section, select the cryptocurrency you want to purchase, enter the amount, and choose your credit card as the payment method. 

Lastly, Be aware of any deposit limits and fees. For INX, you have to deposit funds (USD) before you can make a purchase and the daily limit is based on a tier system, with the highest at $20,000

Confirm the Purchase

Review the transaction details, including fees and the total cost. Cryptocurrency prices can be volatile, so ensure you’re comfortable with the price and fees before proceeding.

After you have confirmed the purchase, the cryptocurrency/fund will be added to your account on the platform. This process is usually instant but can sometimes take a few minutes. For platforms like INX, you then proceed to buy crypto with deposited funds. 

Remember, buying cryptocurrency with a credit card can have additional fees and risks compared to other payment methods. Always check with your credit card provider to understand the terms and potential additional costs.

For additional security, consider transferring your cryptocurrency to a private cold wallet, especially if you’ve purchased a significant amount. Hardware wallets are often recommended for their security features.

Where Can You Buy Crypto with a Credit Card?

When it comes to purchasing cryptocurrency with a credit card, you can choose from several platforms. But you want to be sure you’re choosing the right and secure exchange. INX is the first fully regulated trading platform for digital securities and cryptocurrencies. It places a high focus on regulatory compliance, offering a secure environment for trading.  

When you can buy cryptocurrency on INX with credit cards, you get a daily limit of up to $20,000 if you have a VIP account, $10,000 with a Pro account, and $1000 with a basic account. INX is well-regulated by the SEC and FINRA. 

How to Buy Crypto With a Credit Card or Debit Card on INX 

It is important to note that this service is only available to USD cards at the moment, and withdrawals to the cards are not allowed. 

To get started, you need an account with INX. Since INX is well-regulated by the SEC and FINRA, you must follow a KYC process to verify your account. Once you have a verified account, navigate to the “My Portfolio Tab” and follow the steps below: 

  • Select the “Cryptocurrency tab” and click on the “USD Deposit” arrow 
  • Click on the credit/debit card. 
  • Next, input the deposit amount and select Continue. Ensure that this amount is within the daily limit for your account type. 
  • Hitting “continue” takes you to the payment page; here, select “credit card” from the preferred payment method and fill out the details. 
  • You’ll get a confirmation message once the transaction is successful and your account is updated to reflect the deposit. 
  • You can use this deposited fund to buy cryptocurrencies on by searching for the cryptocurrencies you want to buy on the platform. 
  • The cryptocurrency price is displayed in dollars. Click on “Buy” and choose “Market” to buy the crypto at the current market price. 
  • Enter the amount of USD you want to use for the transaction and click on the green “Buy Crypto’s name button.”
  • Once the transaction is successful, your cryptocurrencies will be reflected in your wallet.

How to Protect Yourself From Scams when buying crypto with credit cards 

It is easy to fall for crypto scams, especially when buying crypto with your credit cards. Therefore, you need to stay vigilant to avoid these scams. Here are essential tips to help you safeguard your transactions and personal information.

  • Use Reputable Exchanges: Stick to well-known and reputable cryptocurrency exchanges. Platforms like Coinbase, Binance, and INX have established a track record of reliability and security. They implement strict security measures and are often regulated by financial authorities.
  • Enable Two-Factor Authentication (2FA): Always activate 2FA on your crypto exchange and wallet accounts. This adds an extra layer of security, ensuring that even if your password is compromised, unauthorized access is still prevented.
  • Verify Website URLs: Always double-check the URL of the website you are using. Scammers often create fake websites that mimic legitimate ones. A small typo in the web address can lead you to a phishing site.
  • Check Credit Card Policies: Understand your credit card company’s policies regarding cryptocurrency purchases. Some companies treat these transactions as cash advances, which can come with higher fees and interest rates.
  • Use Secure Internet Connections: Avoid using public Wi-Fi networks when buying crypto with your credit card. Unsecured networks can be a hotbed for hackers looking to intercept sensitive information.
  • Monitor Your Accounts Regularly: Keep a close eye on your credit card and crypto accounts. Regular monitoring can help you spot any unauthorized transactions quickly.
  • Educate Yourself on Common Scams: Familiarize yourself with the common types of crypto scams, such as phishing, fake ICOs (Initial Coin Offerings), and Ponzi schemes. That way you can easily recognize and avoid these scams.


Can I buy cryptocurrency with a credit card?

Yes, many cryptocurrency exchanges and platforms allow you to purchase cryptocurrencies using a credit card. However, it’s important to check if your specific credit card provider and the exchange platform support this option.

Is it safe to buy crypto with a credit card?

It is safe to buy crypto with a credit card when you use reputable exchanges like INX to buy your crypto. You must also take necessary security measures like enabling two-factor authentication and using secure internet connections.

Will my credit card company allow me to buy cryptocurrency?

This depends on your credit card company’s policies. Some companies may allow it, while others might restrict such transactions. Check with your credit card issuer for their specific policies.

Is there a limit to how much crypto I can buy with a credit card?

Yes, most exchanges and credit card companies limit the cryptocurrency you can buy using a credit card. These limits can vary, so it’s important to check with your credit card issuer and the exchange.

Can I withdraw my crypto to a private wallet after buying with a credit card?

Yes, after buying cryptocurrency with a credit card, you can transfer it to your private wallet. However, some exchanges may have a holding period before you can transfer out your newly purchased crypto.

The INX Digital Company INC November 14, 2023

The INX Digital Company inc. is an expert in the field of finance, crypto and digital securities.


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