How to Buy Crypto with a Credit Card

09/12/2025 admin

Credit and debit cards have become a cornerstone of instant crypto access, offering a familiar way to enter the blockchain world without delays from bank wires. For BitMEX users, this means quickly acquiring cryptocurrency like Bitcoin (BTC) to trade. While BitMEX integrates fiat gateways via partners like Mercuryo for direct card purchases, you can also use external platforms like MoonPay or BitPay to buy BTC and transfer it seamlessly.

Why Use a Credit or Debit Card to Buy Cryptocurrency?

Unlike shady P2P methods, cards are a familiar and straightforward method to acquire crypto conveniently. Acting as a bridge between traditional finance and crypto, enabling impulse buys during market dips or quick funding for trades. They’re ideal for beginners avoiding complex setups, with approval rates boosted by Visa/Mastercard networks.

Benefits of Using Cards for Crypto Purchases

Immediacy: Funds convert in seconds, not days.
Familiarity: Swipe like any online shop.
Rewards Potential: Earn card points or cashback on crypto spends.
Flexibility: Supports both credit (for leverage) and debit (direct from bank).

Step-by-Step Guide to Buy Crypto with a Credit Card

BitMEX’s „Buy Crypto“ page uses partners for card buys, delivering BTC directly to your account. Alternatively, buy on MoonPay and deposit. Here’s how:

Step 1: Sign Up and Verify
Create a BitMEX account at bitmex.com (or through the app). Complete KYC with ID upload—takes 5-10 minutes for basic access, unlocking higher limits.

If you haven’t signed up for a BitMEX account yet, we’re currently offering $5,000+ worth of trading credits to new users – you can register here.

Step 2: Access Buy Crypto
Log in, navigate to „Buy Crypto“ in the wallet section. On your navigation bar, head to the ‘Buy Crypto’ drop down > ‘One-Click Buy’. Alternatively, head to your ‘Funds’ drop down > ‘Buy Crypto’.

Step 3: Choose the fiat currency
Choose the fiat currency you would like to buy crypto with. BitMEX and Mercuryo support more than 35 fiat currencies (e.g., USD, EUR).

Step 4: Choose the cryptocurrency

Choose the cryptocurrency you would like to buy. For example, if you wish to buy USDT with your USD, select USDT. You can purchase more than 25 cryptocurrencies via Mercuryo.

Step 5: Choose the payment method

You can buy crypto with credit card, Apple Pay, or Google pay. After choosing your method, enter card details (number, expiry, CVV).

Step 6: Confirm and Purchase

Review fees/spread (1-4.5%), confirm. BTC credits instantly to BitMEX wallet. If you choose to buy Bitcoin, you will first be asked to choose your Transaction speed; Standard or Fast. We recommend choosing the Fast option to get your crypto quicker.

We recommend using a platform like BitMEX that integrates fiat onramps to avoid repeating the KYC process. For external purchases, users may buy on vendors like MoonPay and withdraw to BitMEX address (Account > Deposit > BTC).

Step 5: Trade on BitMEX

In just a couple of clicks, you can seamlessly acquire your desired crypto straight into your BitMEX account, ready to trade. You will receive a confirmation email from BitMEX shortly after initiating the purchase. After the on-chain transaction is processed, you will receive another email from Mercuryo confirming the transaction

Please note the receiving time of this email will depend on the Transaction speed you choose on purchase.

Pro tip: Test with the minimum amount to verify the flow and understand the fees involved. Additionally, it’s best practice to enable 2FA to secure the account you’re transferring to.

Benefits of Buying Crypto with a Credit or Debit Card

Instant Transactions

Cards settle in minutes vs. 1-3 days for Auto Clearing House (ACH) networks. Speed is everything in a fast paced market like Crypto — buy the dip and enter a position before prices rebound.

Easy to Use

No apps or wires needed; one-click like Amazon. BitMEX’s integration makes it seamless for mobile traders.

Global Accessibility

Works in 150+ countries via partners, supporting local cards and currencies. Expands BitMEX’s reach beyond crypto natives.

Security

Tokenised payments and fraud alerts from issuers; BitMEX adds MPC wallets and insurance. Safer than P2P for fiat entry.

Fees and Limits for Using Cards to Buy Crypto

Fees vary by provider — BitMEX partners add 1-4.5% processing, plus network (~$1-5 for BTC transfer if external). No BitMEX deposit fees. Users may upgrade verification for higher limits. Please also watch out for issuer cash advance fees (2-3%).

Platform/Partner	Card Fee	Min. Purchase	Daily Limit (Verified)	Notes
BitMEX Mercuryo	2-4%	$50	$10,000	Instant BTC delivery
Coinbase	3.99%	$2	$25,000	Spread included
Binance	1.8%	$10	$50,000	Lower for volume
MoonPay	4.5% (min $3.99)	$20	$20,000	High for small buys

Data as of December 10 2025.

Countries and Currencies Supported for Card Payments

BitMEX’s gateways cover 150+ countries (excluding restrictions like the US for full features, per policy). Focus on EEA, APAC, LATAM.

Examples of Supported Countries

Europe: Germany, France, Spain, Italy, UK
Americas: Canada, Brazil, Mexico (BRL support)
Middle East: UAE, Qatar, Saudi Arabia (AED)
Asia-Pacific: Australia, Singapore, Japan
Others: South Africa, India (limited)

Fiat Currencies Users Can Use

USD, EUR, GBP
CAD, AUD, CHF
BRL, AED, JPY
25+ total via partners

Check BitMEX’s restricted jurisdictions policy.

Tips for Secure Transactions

Use Trusted Cards: Opt for Visa/Mastercard from major banks; avoid if issuer blocks crypto (e.g., some US cards).
Enable Alerts: Set transaction notifications; monitor for unauthorized charges.
KYC Thoroughly: Full verification on BitMEX/partners prevents holds.
Avoid Public Nets: Use VPN for buys; update apps.
Small First: Start low to test; diversify platforms.

BitMEX’s 95% cold storage bolsters safety.

Storing Your Crypto After Purchase

Keep trading BTC on BitMEX for liquidity, but for long-term:

BitMEX Wallet: Secure for active use; withdraw anytime.
External: Hardware (Ledger) for offline; software (Electrum) for quick access.
Best Practices: Use multi-sig wallets, seed backups, and transfer to a cold wallet if you’re HODLing for the long run.

Why Choose BitMEX?

Since 2014, BitMEX, as the proud pioneer of the crypto perpetual swap, has led crypto derivatives with 100x BTC leverage, zero customer funds lost, and advanced trading features. For professional traders seeking liquidity, low latency, and advanced trading features — you’re in the right place. BitMEX also offers tools like copy trading, trading bots, and more.