Buying Bitcoins with a credit card – 9 exchanges reviewed
(plus a list of 18 more…)

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. 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. With verification you can buy $1000/daily and up to $5000/month.

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).

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

PROS: Reputable company, high buying limits
CONS: Limited countries available, higher exchange rates
Overall rating: B+

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. CEX.io works in the United States, Europe, and some countries in South America. 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

Cex.io also offer instant withdrawals of USD, EUR, and RUB to payment cards.This means you can deposit and withdraw funds in and from your payment cards once they are linked to your CEX.IO profile. Withdrawal requests are processed automatically, right after their placement, and you do not need to log in to third party services. In most cases, withdrawals are processed instantly, and this will enable you to gain convenient access to withdrawn funds on your Visa/MasterCard right away.

Buy Bitcoin with a Credit Card at Coinhouse

PROS: Reputable company, high buying limits 
CONS: Limited countries available, higher exchange rates
Overall rating: B+

Coinhouse is the "House of Bitcoin" in Paris. You can buy bitcoins directly online by Visa / MasterCard or cash with Neosurf prepaid card available in most European countries. After confirming your account and confirming your identity you will be able to purchase up to 2,000 euros in bitcoin a day, to a maximum of 10,000 euros per month. The delivery of Bitcoins is immediate after confirmation of payment.

Buy Bitcoins with a credit card through Bitpanda

Pros: Multiple payment options, relatively low fees 
Cons: Fees are hidden inside the exchange rate, EU citiznes only
Overall rating: B

Bitpanda is an Austrian Start-Up Company that was founded in October 2014. The company allows you to buy Bitcoins or Ethereum with a credit card as well as with Wire transfers, Neteller, Skrill, SEPA and more. The company supplies its services to European countries only with a relatively low fee. If your account is verified the limit is 2,500€ daily (75,000€ monthly) for credit card purchases. For other options, there’s a 10,000€ daily (300,000€ monthly).

Buy Bitcoins with a credit card through Bitstamp

PROS: Great reputation, multiple payment options, accepts customer worldwide
CONS: Average fees, verification process can take a long time, not very user friendly 
Overall rating: B

Established in 2011, Bitstamp is one of the most reputable and oldest Bitcoin exchanges. The exchange is fully licensed by the Luxembourg ministry of finance. Bistamp started accepting credit card purchases recently via Simplex (the same company the supplies services to Coinmama). At the moment this service is open to most European and US citizens. 

Buy Bitcoins with a Credit Card Through VirWox

PROS: No verification needed, available worldwide 
CONS: High fees, poor support  
Overall rating: B

Virwox is a virtual currency exchange set up on late 2007 for the purpose of trading Second Life Lindens (SLL) and other virtual currencies used in online gaming. Currencies traded other than Linden Dollars include Avination’s C$, and the Open Metaverse Currency (OMC). In April 2011, VirWoX started accepting Bitcoin and basically opened a loophole for people to buy Bitcoins with Paypal by first purchasing SLL via Paypal and then converting that SLL to Bitcoins. As of writing this post the site has over 740K registered users.

Virwox's option is less intuitive 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.

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 ?". 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.

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.

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

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. 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.

Important!!!

Buy bitcoins with a credit card via IndaCoin

PROS: Good support, available worldwide 
CONS: High fees, not enough reputation yet  
Overall rating: B-

Indacoin is a UK based exchange which allows users worldwide to buy Bitcoins with a credit card. The minimum amount is $5 and limit for the first month is $500. After 40 days of the card using monthly limit will be increased to $ 3,000. In order to use your card you will need your 5 digit code which is on your credit card statement and to verify you phone number. The process is seems fairly simple however I have not tried this exchange out myself so I can not vouch for it.
Even though the site states that they do now charge any fees, their exchange rate is pretty high due to credit card processing. At the time of writing this post 1 Bitcoin is sold for around $297 while the Bitstamp exchange rate is $245.  Such a premium is considered high even for credit card payments.

Buy Bitcoins with a credit card through 247Excahnge

PROS: Good support, available worldwide  
CONS: Requires verification, high exchange rates 
Overall rating: B+

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 some issues completing the transaction. 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.

Buy Bitcoins with a credit card through Bitcoin.com

PROS: Simple process 
CONS: High fees, questionable support    
Overall rating: B-

Bitcoin.com is an information website set up by Roger Ver. It aspires to be the "go to" site for everything Bitcoin related. The website recently collaborated with Simplex, the same credit card processor of Coinmama, in order to allow the purchase of Bitcoins with a credit card directly from the site.

The site takes a 2.5% service fee on top of the credit card processing fee which is 5%. Moreover, the exchange rate the site uses is around 1.5% higher than what you'd find at Bitstamp or Coinbase. The final thing to take into consideration is that it's not really clear who supports you if you buy Bitcoins on this site. There are help forums but they are for general Bitcoin subjects, and if you want to contact the company directly you'll need to go through an 8 steps questioner.  Seems like answering customer questions isn't at the top of the list here.

Buy Bitcoins with a credit card through Payza.com

PROS: Simple process 
CONS: Risk Free, No signup or maintenance fees.     
Overall rating: B

Payza.com supports credit cards, band accounts, bitcoins and much more.. It even has more flexibilty with your Payza Card. You can also use Payza to shop online or process payments on your e-commerce website. It uses an Innovative security and robust protection system. You are able to utilize the instant online money transfers. Which means that you are able to send money instantly anywhere, anytime..

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.

Chuck Reynolds

Marketing Dept
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David Http://markethive.com/david-ogden