5 Websites to Buy Bitcoin With Debit or Credit Card In India
By Faruque Ahamed Mollick | Aug 15, 2023
It's difficult to find a cryptocurrency Investment app or exchange that charges fairly for cryptocurrency purchases made with a credit or debit card. This is because most platforms charge exorbitant fees of up to 7%.
Experts at Carret have compiled a list of the best places to buy Bitcoin with a debit or credit card, instantly and with no hidden fees.
Most fiat-to-crypto exchanges now accept credit or debit cards for Bitcoin purchases. These transactions allow you to link your debit or credit card to your online account or profile. Once the ID has been verified, you proceed to purchase with a credit/debit card.
These transactions, however, take days to complete, usually one to two days as they settle from one account to another and also due to fraud checks.
Can you buy Bitcoins with a debit & credit card?
If your credit or debit card supports "3D Secure," you can buy cryptocurrency with it. You will not need to pre-fund your account to purchase cryptocurrency using this payment method. You can buy cryptocurrency right away without having to wait for a bank transfer to complete.
Contact your credit/debit card provider directly to find out if your card supports 3D Secure, or simply try adding it to your crypto exchange account. If your card does not support 3D Secure, you will receive an error message. Some banks require additional security steps to authorize a 3D Secure purchase. Text messages, a bank-provided security card, or security questions are examples of such measures.
Please keep in mind that this method is not available to customers outside of Europe and the United Kingdom.
Websites to Buy Bitcoin With Debit or Credit Card In India:
Bitcoin is on its way to becoming mainstream, but the biggest barrier is allowing users to buy bitcoins instantly. Except for credit/debit cards, most Bitcoin exchanges accept a variety of payment methods. One of the reasons for this is Bitcoin's irreversible nature.
However, many legitimate Bitcoin exchanges have begun to accept credit and debit cards as payment methods. Here are some of the most popular and legitimate Bitcoin websites where you can buy bitcoins with a debit or credit card.
CEX.IO is a globally regulated cryptocurrency exchange where traders and investors can buy, sell, borrow, and earn cryptocurrency. Experienced crypto traders will find what they are looking for on CEX.IO, with its wide range of tradable assets and advanced trading features. Beginners, on the other hand, may find the platform's numerous features overwhelming.
CEX.IO is regulated and licensed to operate in all jurisdictions where it provides its services, providing investors with peace of mind that they are using a compliant platform.
It supports a large number of cryptocurrencies: CEX.IO supports over 100 digital currencies and tokens, covering the majority of the leading crypto assets.
Coinmama is well-known for its diverse payment options, which include the ability to buy cryptocurrencies using Visa or Mastercard credit cards. That practice may have gained supporters, but not among investment advisors: Buying any investment, such as cryptocurrency, with a high-interest credit card can be risky. Coinmama reached an agreement with Apple in September 2020 to allow the use of Apple Pay for crypto purchases.
Coinmama, unlike many other exchanges, does not facilitate transactions between buyers and sellers; all cryptocurrencies sold come from Coinmama's inventory, so the transaction is between users and the company. To store the cryptocurrencies you purchase, you will need your digital wallet.
Binance is the world's largest cryptocurrency exchange, and it allows you to buy Bitcoin instantly with a Visa or Mastercard. It supports a large number of countries, and this platform is idle for those who want to trade cryptocurrency after purchasing it.
Binance accepts both debit and credit cards. Except for the United States, Binance serves all countries. Binance offers two payment options: Koinal (2.5 percent fees) and Simplex (3.5 percent ).
Binance also has the lowest fees, and unlike other platforms, you will have access to more sophisticated tools. Another reason to use Binance is that it has a large number of buyers and sellers, so you will get the best Bitcoin price.
CoinBase is one of the most popular websites for buying Bitcoin, Litecoin, and Ethereum. They also allow you to buy Bitcoins with a Visa debit or credit card, and the transaction is instant. This feature is only available if you are a resident of the United States. If you are from a different country, you should consider the other options listed here.
The main Coinbase website and mobile app are very user-friendly and allow you to quickly buy, sell, and exchange cryptocurrencies. It currently supports over 100 currencies for trading, with the number growing regularly.
Earn cryptocurrency by earning interest on eligible balances or receiving a small amount of a new currency through Coinbase Earn. Any user can upgrade to Coinbase Pro, an active trading platform with additional features and lower fees.
Wirex is a cutting-edge app and payment card that enables users to send, receive, exchange, and spend a variety of digital and traditional currencies in real-time. Users can make payments through the Wirex platform using its Wirex App and payment card, which accept both digital and traditional currencies.
Wirex currently supports nine cryptos: Bitcoin, Dai, Ethereum, Litecoin, Nano, Ripple's XRP, Stellar's Lumen, Waves, and Wirex Token.
The platform accepts three payment methods: debit and credit cards, as well as e-wallets. Wirex, which was founded in 2016 and is headquartered in London, England, is regulated by the Financial Conduct Authority of the United Kingdom, the Bank of Lithuania, and the Monetary Authority of Singapore.
Carret: The best crypto exchange platform in India
You must register on the Carret a bitcoin and crypto investment platform using the Carret app. After signing up, complete your basic information (name, age, etc.), add your bank account, and complete your KYC (which takes less than 30 seconds). Once you've signed up and completed your KYC, you can easily deposit INR using our payment partner, Mobikwik.