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Ready to jump into the exciting world of Bitcoin? For most people, the first step is understanding how to buy Bitcoin using a debit or credit card.
While some certainly use cash, and we’re happy to get those customers to one of our Bitcoin ATMs, there’s no denying the convenience of buying online using a debit or credit card. This simple guide will explore buying Bitcoin online and walk you through your options.
From online exchanges to Bitcoin Depot’s buy online service, we cover it all.
Why is buying Bitcoin with a credit or debit card so popular? Well, let’s look at the numbers.
Around 82% of American adults* (as mentioned on capitaloneshopping.com) have a credit card account in their name. When you factor in debit cards into that figure, over 93%* have one (data from atlantafed.com).
Here are a few reasons why so many people use the plastic in their wallets over cold, hard cash:
Why use them to buy Bitcoin? Well, again, it’s all about convenience. With many online buying services, like ours here at Bitcoin Depot, you can quickly purchase Bitcoin and other cryptocurrencies in a few simple steps.
The process is secure and safe.
Even if you aren’t the most tech-savvy, you can easily buy Bitcoin and start your own crypto journey without any hassle.
Let’s talk about your options if you want to buy Bitcoin with a debit or credit card. While it may seem like there should be no difference between these platforms, there is certainly a lot to understand if you want to make an informed purchasing decision.
Don’t worry, though, we’re here to help.
Below, you will find some of the most popular ways to buy Bitcoin online using a debit card or credit card.
Of course, we have to start with Bitcoin Depot’s online buying service.
Here, you can quickly purchase Bitcoin, alongside a variety of other popular crypto options:
It’s fast, convenient, and secure.
The best part? You don’t need to set up an account. All you need is your own digital wallet to receive your Bitcoin. Also, if you’re using the Bitcoin Depot mobile app, you’ll have the option to pay using Apple Pay or Google Pay.
You’ll also have access to many different types of crypto wallets in the app! Download the Bitcoin Depot mobile app on the Apple App Store* or Google Play Store* today.
We send purchases directly to the wallet of your choice. If you have the Bitcoin Depot wallet or another non-custodial option, you’ll have complete control over your purchase. No middlemen or intermediaries here.
As Bitcoin and crypto become mainstream, many online payment platforms are offering Bitcoin and other crypto options to their customers.
Pretty soon, instead of asking “Who offers crypto?” We’ll be asking, “Who doesn’t?”
In the last few years, we’ve seen a significant number of major payment platforms open up Bitcoin buying options. They integrate these seamlessly into their apps, meaning it’s just as easy to buy Bitcoin using a debit or credit card as it is to send money to a friend or transfer funds to your bank account.
The downside is that you often don’t have true ownership of your Bitcoin.
Bitcoin is a decentralized cryptocurrency, which means no one entity controls it. When you purchase through a payment platform or fintech app, they often hold onto your coins for you. This is the difference between custodial storage options, like the online payment platform, and non-custodial choices, like the Bitcoin Depot wallet.
While convenient, these custodial options mean you don’t have complete control over your purchase.
Next on our list are centralized exchanges. These are probably what most people think of when Bitcoin or other cryptocurrency comes to mind.
Not only have they been around for quite some time, but they’re also convenient.
In most cases, you can purchase online or through an app, much like the payment platforms. There are, of course, downsides. Most of them revolve around control and security.
For control, much like the payment platforms, an exchange will hold onto your purchase for you. This can result in hold periods, meaning you can’t send your Bitcoin, or other verification-related issues.
For security, there’s always a risk of trusting someone else with both your Bitcoin and your personal information.
Exchanges can fail, and when they do, customer funds are in limbo. There are also hacks and other security breaches to worry about. While not frequent, they do happen, and those incidents can put you and your personal information at risk.
Ready to get started buying Bitcoin with a debit or credit card?
While you have plenty of options, for the best blend of convenience and control, Bitcoin Depot is your go-to choice. Not only can you purchase Bitcoin, alongside other popular cryptocurrencies, but you also have complete control over your purchase if you use a digital wallet that’s non-custodial.
Explore our buy online service today and start your Bitcoin journey off right.
*The information provided above is for informational purposes only. The inclusion of any particular 3rd party site does not imply an endorsement, sponsorship, or partnership between Bitcoin Depot and the 3rd parties listed above. While Bitcoin Depot endeavors to ensure the accuracy and relevance of the information provided, we do not guarantee the reliability of any 3rd party’s information.