Buying bitcoin can be a daunting task, but there are some sites that make it easier. Here are the 10 best places to buy bitcoin with credit card or debit card.
The best place to buy bitcoin is a question that comes up often. There are many places to buy Bitcoin, but these 10 sites have the cheapest rates.
So, you’ve made the decision to begin investing in Bitcoin (BTC). I’m happy you want to be a (larger) part of the financial revolution, which I think is underway.
So, what’s next for you?
Find the best Bitcoin exchange with the best fees and world-class security, services, features, and user experience (UX).
Purchasing Bitcoin is becoming more easy. There are many cryptocurrency exchange businesses that will accept your local money in exchange for Bitcoin, each with its own set of fees.
Now WAIT! I understand your point of view.
“I was under the impression that Bitcoin was intended to eliminate the intermediary completely. Why should I trade on exchanges with hefty commissions?”
While there are many methods to purchase Bitcoin, most consumers find that using a cryptocurrency exchange is the most convenient way to convert fiat money into Bitcoin.
The platform allows users to purchase and trade without needing to trust the other side. You must pay a modest charge each time you make a transaction in exchange for their services. From transaction costs to trading fees, withdrawal fees, deposit fees, and escrow fees, there are a variety of expenses to consider. And it’s all going to pile up.
- Buying Bitcoin using a bank transfer is the most cost-effective way of payment.
- Purchasing Bitcoin using a credit card is easy, but it is also costly.
- P2P exchanges like Localbitcoins and Paxful allow you to buy Bitcoin without paying any fees.
So, can you purchase Bitcoin without paying a commission or for a little fee?
Yes, to put it simply.
Continue reading to learn about the top ten Bitcoin exchanges with the lowest costs for buying and selling bitcoin.
- Earn up to $161+ by studying crypto on Coinbase.
- Phemex –$80 Bonus when you make a deposit
- Kucoin – Keep your KCS and get a Kucoin bonus
- Since 2011, Paymium has been the longest-running Bitcoin exchange.
- Get 7% cashback on your BTC purchases at CEX.IO.
- Binance – Buy Bitcoin using a credit card at a low price.
- Luno – Get $6 BTC if you purchase or sell $60 worth of Luno.
- heq9qnuzam (insert referral code: heq9qnuzam to get a $25 signup bonus) Crypto.com – $50 after staking 50 MCO
- Localbitcoins – Exchange with no fees (P2P)
- Paxful is a peer-to-peer (P2P) exchange with no costs.
Note: If you’re seeking to purchase, sell, or trade significant quantities of cryptocurrencies (more than $10,000 USD), we suggest utilizing Bitcoin Over The Counter (OTC) trading platforms, which are better at managing high volumes and provide better rates. The top 5 Crypto OTC desks are shown below.
|Cryptocurrency Exchanges||Feature of Note||Fees for trading||Fee for making a deposit||Fee for Withdrawal|
|Coinbase||The most user-friendly exchange||Vary||3.99 percent for credit/debit cards 0% for bank transfers (SEPA/ACH).||Vary|
|Phemex||Cryptocurrency exchange with no fees||-0.025 percent maker’s fee 0.075 percent taker fee||Free||Only the Bitcoin network charge must be paid.|
|Kucoin||Keep your KCS and you’ll get a Kucoin bonus.||Maker’s charge ranges from 0.100 percent to -0.005%. 0.100 percent to 0.020 percent taker fee||Free||Vary|
|Paymium||Fees are the most affordable on the market.||-0.1 percent maker’s fee 0.5 percent taker fee||Free||Free|
|CEX.io||Get 7% cashback on your cryptocurrency purchases.||Maker’s charge ranges from 0% to 0.16 percent. 0.10 percent to 0.25 percent taker fee||Vary||Vary|
|Binance||With a credit card, you may purchase Bitcoin for a low price.||0.1%||Free||Vary|
|LocalBitcoins||Exchange with no costs (P2P)||Optional: 1% advertising fee (free)||Free||Only the Bitcoin network charge must be paid.|
|Paxful||Exchange with no costs (P2P)||Up to 1% commission for free sellers||Free||Only the Bitcoin network charge must be paid.|
Which Bitcoin exchange is the cheapest?
1. Coinbase — A well-known and highly regarded cryptocurrency exchange.
Coinbase, which was founded in 2012, is the world’s most beginner-friendly cryptocurrency exchange, allowing users to purchase and trade bitcoin for a minimal cost.
Coinbase not only lets you safely trade major cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, but it also lets you store your money for free.
(However, if you invest a large sum, it’s strongly advised that you “cash out” your bitcoins into a hardware wallet.)
Buying and selling cryptocurrency on Coinbase is a simple and straightforward process. You may start purchasing Bitcoin using a number of payment options after you sign up for a free account and complete the KYC procedure.
Processing costs differ depending on the deposit method:
- 3.99 percent for debit/credit cards (instant purchases).
- 0% for bank transactions (SEPA/ACH).
- $10 for a wire transfer
Consider sending money from your bank account through SEPA (EU) or ACH (USA) if you want to keep your expenses to a minimum.
Use a credit card/debit card if you simply want to purchase Bitcoin fast and don’t mind paying a little extra in fees.
When it comes to transaction costs, Coinbase charges a fixed fee for transactions under $200.
|Amount of the Total Transaction||Fee|
|Less than ten dollars||$0.99|
|From $10 to $25||$1.49|
|ranging from $25 to $50||$1.99|
|ranging from $50 to $200||$2.99|
Coinbase imposes a variable percentage fee of 1.49 percent on trades above $200.
It’s possible to try it out for as little as $1.
Don’t worry if you’re not quite ready to take the leap. By understanding how cryptocurrencies operate, you may make up to $161+ today. (Only valid in some areas)
You may acquire some free bitcoins this way without having to spend any of your hard-earned cash.
2. Phemex — Cryptocurrency Exchange with No Fees
Phemex is a Singapore-based cryptocurrency trading platform that provides spot, derivative, and simulated trading all in one account. It was founded by ex-Morgan Stanley employees in 2019.
As can be seen, Phemex is a very new and youthful business. They provide the lowest cost on the market to get more individuals to trade on their platform. On its spot market, you may buy and sell Bitcoin, Ethereum, Link, and other major cryptocurrencies with no fees.
Furthermore, Phemex pays 0.025 percent trading fees to makers. For example, if you purchase $1,000 in Bitcoin, you will get $25 on your Phemex account. This implies that the more you trade, the more money you make.
Phemex charges a 0.075 percent taker fee if you want your order completed immediately after you press the buy/sell button.
The interesting aspect is that Phemex is currently giving new customers $80. To earn up to $80 in incentives, just register an account here. Phemex will give you $60 for your initial 0.2 BTC investment.
Kucoin is a worldwide crypto trading exchange that provides spot exchange, margin trading, futures, stacking rewards, loan services, and fiat-to-crypto trading. It was founded in 2017.
The quickest method to acquire Bitcoin on Kucoin is to buy cryptocurrency using a credit or debit card. Kucoin now supports over 33 fiat currencies, including the US dollar, the British pound, the euro, the Singapore dollar, the Chinese yuan, the Russian rouble, the Japanese yen, the Australian dollar, the Malaysian ringgit, the Korean won, the Canadian dollar, and more.
On your transactions, they charge minimal trading costs (often none at all).
Kucoin charges a fixed fee of 0.10 percent when you buy or sell cryptocurrency on the spot market. You may trade at a discount if you own KCS (Kucoin’s native token).
4. Payment in advance
Paymium is a good option if you live in an EU nation and want to purchase Bitcoin without paying any fees.
In 2011, Paymium became the first European Bitcoin exchange.
The best part of Paymium is that you don’t have to pay a charge to purchase cryptocurrency. In addition, every EUR you deposit into the exchange earns you 0.1 percent back.
When you buy/sell EUR 1,000 worth of bitcoin, for example, you’ll receive EUR100 back into your Paymium account.
You must pay a 0.5 percent charge if you are a taker, meaning your order is completed instantly at the market price.
Using a bank transfer to deposit money into your account is totally free.
Furthermore, when you withdraw Bitcoin to your own wallet, Paymium does not charge you. You don’t even have to pay the Bitcoin network charge since Paymium will cover it. To conduct a transfer, you must have at least 0.001BTC in your Paymium account.
CEX.io is another reputable cryptocurrency exchange where you can purchase Bitcoin for a low price.
You may purchase Bitcoin and other popular cryptocurrencies with CEX.io using a credit card (Instant Exchange service) or a bank transfer (access to high liquidity order book).
Fees for deposits vary based on how you pay:
- VISA: Each deposit will be charged a fee of 2.99 percent.
- MasterCard charges a 2.99% deposit fee.
- Skrill charges a deposit fee of 3.99 percent.
- Bank transfer: no deposit fee, 0.3 percent + € 25.00 withdrawal fee
- ACH: There is no charge for deposits or withdrawals.
You may get 7% cashback on your crypto purchases if you use CEX.IO’s Instant Buy Service.
You will not be charged a deposit fee if you fund your CEX.IO account through bank transfer. You’ll only have to pay a modest charge each time you purchase or sell if you stick to the Maker-Taker Fee Schedule:
6. Binance – Crypto’s Amazon.com
Binance is one of the most well-known and rapidly expanding cryptocurrency exchanges on the web.
With a 0.1 percent trading charge, you may trade a range of cryptocurrencies on the spot market.
Binance is known for its Instant Buy with Visa function. Allows you to buy Bitcoin fast while avoiding currency exchange costs.
Instead of paying the standard 3 percent credit card transaction charge, you just pay 1 percent—the lowest in the business!
If you’ve never used a cryptocurrency exchange before, Binance allows you to do so in a matter of minutes.
- Sign up for a Binance account for free.
- Verify your identification and link your account to your chosen Visa card.
- That is all there is to it. You may now use your Visa card to purchase cryptocurrency.
7. Localbitcoins – Exchange with no fees (P2P)
LocalBitcoins is a Bitcoin marketplace that operates on a peer-to-peer basis.
LocalBitcoins, unlike the crypto exchanges described previously, does not have a set market price. Rather, the site links you with other Bitcoin buyers and sellers.
You have the option to browse around for the best price.
What’s the greatest part?
The trade cost on LocalBitcoins is 0%. On LocalBitcoins, registering, buying, and selling Bitcoin is totally free.
- There are no sign-up costs.
- There are no deposit costs.
- There are no transaction costs.
- There are no deposit costs.
- There are no escrow fees.
LocalBitcoins has a free bitcoin wallet that you may use to keep your money. When you wish to withdraw your Bitcoin to your own wallet, you just have to pay the Bitcoin network fees.
You may opt to pay a 1% advertising charge to have your purchase or sell offers advertised.
Aside from that, the price you see is the actual cost of purchasing a particular quantity of Bitcoin.
However, since you’re interacting with strangers, there are a few important safety measures you should take to avoid being scammed.
Visit this post for additional information on how to purchase Bitcoin securely on LocalBitcoins, including all of my recommendations.
8. Paxful – Exchange with no costs (P2P)
Paxful, like LocalBitcoins, is a worldwide peer-to-peer Bitcoin marketplace that enables you to purchase and sell Bitcoin directly with another person anywhere, much like at a flea market.
Paxful is a simple escrow solution that enables direct trade between prospective buyers and sellers. They will keep Bitcoin until the transaction is completed and any disputes are resolved.
Regardless of the overall transaction amount or payment method, buying Bitcoin on Paxful is totally free.
You choose a trustworthy seller on Paxful with whom you wish to make a transaction, agree on the price and conditions, and pay the seller directly. That’s all; the specified amount of BTC will be deposited into your Paxful account.
So, how does Paxful earn money and keep its company afloat?
Depending on the payment options, Paxful charges a fee to the vendor.
- 0.5 percent for bank transfers
- 1% for credit/debit cards
- 1% of all digital currencies
- Wallets on the internet: 1%
- Cash: 1%
- Gift Cards: 3% for all kinds of gift cards (except iTunes and Google Play), and 5% for iTunes and Google Play.
Paxful is excellent for purchasers since it doesn’t charge fees to sellers, so they can buy BTC without paying any costs.
You will, however, need to take your time and look about for the appropriate vendor. Additionally, some vendors may charge a premium on BTC sold to pay Paxful expenses.
There you have it: the top cryptocurrency exchanges for buying Bitcoin at a low price.
Be cautious of businesses that promise to not charge any fees or that offer absurdly low prices. “Very frequently the things that cost us nothing cost us the most heavily,” Seneca once remarked.
Always pick a trustworthy exchange with a proven track record, since you’ll be relying on them to keep your crypto assets and personal data secure.
We’ve already done the legwork for you. All of the websites mentioned in this article are safe to use and provide little or no fees for buying, selling, and trading Bitcoin.
Each of these platforms has its own set of features, user interfaces, and costs.
So, perhaps, this list will assist you in selecting the best crypto exchange to purchase Bitcoin at the lowest price.
If you want to purchase a big amount of cryptocurrency, you’ll need to take a different method. Instead of utilizing a traditional crypto exchange, you may use Bitcoin OTC desks to execute a big transaction without disrupting the market.
That’s all I’ve got for now. Because the cryptocurrency field is constantly changing, I’ll be updating this article with the most up-to-date information on a regular basis, so check back often to learn more.
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The how to buy bitcoins with cash is a guide that will help you find the best sites to buy cheapest bitcoin.
Frequently Asked Questions
Where can I buy Bitcoin cheapest?
I am not able to answer that question.
How do I buy Bitcoins with no fees?
The best way to buy Bitcoins without fees is through LocalBitcoins.com, which has a fee of 0%.
Which website is best for Bitcoin?
I dont know what you mean by best.
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