It does not offer cross-platform access, and there are no advanced tools available for high-frequency trading. The synthetic currency system is quite difficult to understand, and last but not the least the remittance system is only available completely in the Philippines. They support more than 30 popular fiat currencies. Additionally, you can also choose a local payment method such as mobile wallets and bank transfers. The list does not end here. As far as security is concerned, I found it a relatively safe exchange with RSA encryption and decentralized data storage.
You heard it right; you can start buying, selling, and trading crypto on the platform without going through the complex identity verification process. Although the website claims they have a 24 x 7 live chat support system, I tried to get in touch with the team. Except for this one flaw, I think it is one of the genuine platforms that accept credit cards and offers a very user-friendly platform. The procedure to buy Bitcoin is also pretty similar.
First, you need to sign up on their platform. You can then search for the crypto you want and use the filter to select your credit card issuer. The platform has a secure escrow that functions like an American Express Bitcoin broker. Unless both parties verify the bitcoin transaction, the platform keeps the purchase on hold. You can monitor the live status of your incoming and outgoing transactions when you buy Bitcoin on the platform.
They also have zero network transaction fees on trading CFDs on certain user-to-user trades. However, while actually using the platform, I found a lack of deals. As cryptster. However, they need more crypto purchases and a more extensive user base to display more offers with all payment methods like credit and debit cards, fiat currency, and bank transfer. Please note that this article is not investment advice but a first-hand account of using various platforms that accept American Express cards to purchase Bitcoin.
As one of the oldest operating Bitcoin exchange services ever, CEX. With a service that has been around for that long, you can be sure to get the best of services. The one problem with CEX however, is that it comes with a pretty lengthy verification process, which could take up as much as half an hour to complete. First of all, you have got to commend the sheer reach of the platform, since it is available in so many countries and regions. Secondly, the fee charged by CEX.
Finally, as detailed earlier, CEX. Now to talk about the cons, the verification process is definitely a bit of a pain, since no one wants to sit around for half an hour just to get verified. Also, it asks for a lot of personal information such as photographs.
Also, the GBP market for the platform lacks liquidity. If you own an American Express card, you might already have noticed the differences between other debit cards and Amex cards. All American Express credit cards have a 4-digit CVV instead of the conventional three digits for enhanced security.
Even when I wanted to purchase Bitcoin on platforms like eToro, the exchange explicitly mentioned that they only accept credit and debit payments from cards with a 3-digit CVV code. As an Amex cardholder, life can be tough if you want to tread on the path of trading crypto. Even major issuers like Mastercard began declining purchases recently , and there was no option but to use my Amex card, but the options were limited.
In general, there are hardly any crypto exchanges that offer credit card purchases. While many websites claim that prominent bitcoin exchanges like eToro and Coinbase accept Amex, I wanted to check the actual ground situation. Whether these platforms accept American Express cards or not?
To my dismay, none of these exchanges explicitly mention that you can buy Bitcoin with Amex. Therefore, I created a resource for all my fellow Amex cardholders, where we can genuinely buy Bitcoin with American Express cards. I am sure you have a lot of questions which is why I have picked some commonly asked questions and answered them below. They do not accept Amex or any other prepaid cards without an associated billing address.
S ource. Binance does not accept American Express Cards. The platform also levies a 3. FTX does not accept Amex Cards. You can only use Visa or Mastercard debit or credit cards. That too, after you complete KYC level 2 verifications. The platform also explicitly mentions that you can receive funds with cards with a 3-digit CVV code only. Hence, you cannot trade crypto on eToro using Amex cards. Anish loves reading, researching, and writing about crypto and blockchain.
He started his crypto journey early in , what started as a fad is now a full-time hobby. He curates guides after thorough research on platforms and is responsible for the most in-depth guides on the site. With that in mind, all the brokers on our list are safe and secure. Your funds are safely kept in top-tier banks, and all of the personal information you provide to the platforms is guarded under SSL encryption.
Therefore, when taking everything into consideration — it is completely safe to buy Bitcoin with Amex. Keeping your digital currencies on your exchange wallet is a good idea if you buy them for short-term trading or you do not own a large number of Bitcoins. Bitcoin wallets can be of two kinds — software and hardware.
Bitcoin is classified as a property by the United States Internal Revenue Service, meaning the US government applies taxes for holding Bitcoin and making profits from price movements of this cryptocurrency. The similar taxes that are used for property, are applied for Bitcoin too. Bitcoin Taxes differ depending on how much time you hold your Bitcoin before capital gain. On these terms, there are long-term capital gain taxes and short-term capital gain taxes.
To sum up, American Express is one of the few credit cards you can use to buy Bitcoin and other cryptocurrencies after many banks began declining crypto-asset transactions over the last year. If you think about getting an Amex card, then it currently offers three different cards with different taxes and limits on how much bitcoin you can buy.
Blue Cash Everyday Card is a good choice if you plan to invest in small amounts for a long time. There are no annual fees when using Blue Cash. Amex Everyday Credit Card stands out with its reward system. If your credit scores are high, you may be able to buy more bitcoin than the monthly limit. The card is free, though, for the first year. Amex Gold and Debit cards are convenient, and you can use them not only for buying BTC or other crypto assets but also to pay in cash in different parts of the world.
So, before selecting which Amex card you want to use, search for all the advantages and disadvantages of these three options and select the most appropriate one. Another thing to consider when you use Amex to buy Bitcoin is whether the exchange platform accepts this payment method and what are the trading and non-trading fees of using a debit card.
There can be different terms and fees when you want to buy Bitcoin with a debit card , so try to explore and find out all of them. Finally, the last thing to consider is the safety of your card. You, therefore, need to select a brokerage platform that is reliable and licensed, to keep your card information secure and away from the third party threat.
Also, consider the speed of the transactions when using Amex to buy Bitcoin and how quick is the verification process. In conclusion, cryptocurrencies are presently becoming more and more popular, much like the American Express credit card that is also becoming a more and more widely accepted payment method across various Bitcoin exchanges. After all, Amex somehow takes care of your funds from this perspective as it has a maximum daily limit of buying Bitcoin, and you get rewards for every Bitcoin purchase you make.
It is regulated in the US and offers you to trade and store a wide range of digital assets. Remember to invest responsibly and not risk capital you will need in the near future, as missing minimum payments on credit cards can negatively impact your credit score.
To buy Bitcoin with American Express you need to find a peer-to-peer marketplace or cryptocurrency exchange platform that accepts payments with Amex. Then you must open an account, verify it, link your Amex card to your account and buy Bitcoin.
You can buy Bitcoin on peer-to-peer marketplaces without the interaction of a third party, on cryptocurrency exchange platforms, or on brokerage platforms that support crypto assets. Some of the best platforms include eToro, Capital. The speed of the transaction depends on the trading platform you choose. You can use both Coinbase and eToro in order to buy Bitcoin instantly.
It depends on where you buy bitcoin with an Amex card. Peer-to-peer marketplaces are usually not too safe as there is no third party to regulate the buy and sell processes. In this case, your card information can be stolen, or other fraud may occur. Exchange platforms like eToro that are regulated by top-tier authorities are usually the safest ways to buy Bitcoin. Coinbase is one of the safest and most popular cryptocurrency exchange platforms in the USA that accepts payments with Amex.
However, take note that all its users must go through the verification process on this platform. Trading and non-trading fees can differ depending on the brokerage platform. Sometimes these fees can be higher than average when you use Amex to buy Bitcoin, but other platforms may offer more competitive fees. On this Page: Contents [ show ]. More Filters. Sort By Rating. Payment methods. Credit Card. Sepa Transfer. Instant Verification. For Beginners. Wallet Service. Mobile App.
Very Good. Fees 1 or better. Safety 1 or better. Coin selection 1 or better. Rating 1 or better. Clear Filter. What we like. Read Review. Buy Bitcoin. Mobile App Rating. Number of Coins. Trading Fees. Deposit Fees. Withdrawal Fees. Leveraged Trading. Latest Prices per Coin. Bitcoin Cash. Binance Coin. Bitcoin SV. USD Coin. Pros Buy Bitcoin directly with Amex credit card Easy to use Largest social trading platform in the world. Pros Over crypto assets Excellent trading platform Amex is available as a payment method.
Cons Only CFDs. Pros MetaTrader4 available Ideal for beginner and experienced investors Heavily regulated. Cons Only has one account type. Pros Great user interface Features a built in crypto wallet Instant buy option through Amex. Cons High fees. Pros Multi asset trading platform Easy to use trading platform Offers trading on crypto indices.
Cons Expensive crypto platform No live chat support. Cons Not a pure crypto exchange, only CFD. Our Rating. Buy Crypto. How to buy Bitcoin with American Express? Where can I buy Bitcoin with an American Express credit card? How can I buy Bitcoin instantly with an American Express credit card?
Can I buy cryptocurrency with fiat through ChangeNOW? Yes, you can buy Why do I have to buy BTC during the process of purchasing crypto on ChangeNOW? To find a reliable exchange where you can start an account, The exchange's vision seems to be to help out with buying Bitcoin and Fargocoin at the best. Mark Garcia, profile picture. Mark Garcia. Can anyone tell me how to contact this? I need to ask something. American Express, profile picture.