Where to Buy Bitcoin with American Express Card in June 2023Īs previously mentioned, in order to buy Bitcoin with your American Express card, you first need to find a crypto exchange or brokerage platform that supports Amex as a payment method and register for an online account. This method is a safer way of storing your coins, as they are away from the third party, and you have almost 100% responsibility for your coins. Then you can transfer your coins from your brokerage account to your personal wallet if you aim to keep them for a long time.

So, you need to look at the withdrawal costs for each broker and consider this factor if you will withdraw your money often.Īpart from this, you can also create your Bitcoin account using a personal wallet. The majority of crypto brokers usually charge withdrawal fees and conversion fees in this process. The first one is using your credit card – In this case, you can directly transfer your coins to your card, meaning you need to exchange it with fiat currency and then transfer it to your card. There are two ways of withdrawing your Bitcoin from your brokerage account. Brokerage Fees When Buying Bitcoin – Withdrawing Bitcoin from Your Brokerage Account Later, you can also use these points to buy more Bitcoin than the card limitation allows you or use it for other purposes. It’s also possible to collect membership rewards from 15,000 to 50,000 points, depending on the card. You can get a $200 cashback when you spend $1000 during the first three months of purchasing with this card. It is also worth mentioning that Amex has a fascinating reward system that differs depending on what type of card you select. On the other hand, peer-to-peer marketplaces involve a lot of fraud, so you need to be very careful and consider the fact that your purchase is more vulnerable to scams when you choose this method. The platform also doesn’t have any conversion fees for USD contracts.īoth eToro and Coinbase are fully regulated platforms, so buying cryptos with your Amex card is safe on these platforms. In contrast, eToro is a commission-fee platform and does not charge any trading fees. For example, Coinbase is one of the platforms with relatively high fees as it charges 3.99% of your purchase when you make a transaction with a credit card. But in general, the fee for buying bitcoin with credit and debit is around 3 – 5%.īrokerage platforms also may have different fee policies for buying Bitcoin with credit cards. You can buy Bitcoin anonymously with your Amex card on peer-to-peer marketplaces, but you also have to pay higher fees that can reach up to 4% of your purchase. The transaction fees for buying Bitcoin with American Express differ depending on where you buy it. What are the Fees you Need to Pay to Buy Bitcoin with Amex Credit Card? It’s a highly crucial factor as long as you provide your card information and must be sure it will be protected from the third party.

The brokers we have chosen are fully licensed and regulated by different top-tier authorities. The interface and speed of the platform are also among the crucial factors included as you need to select a platform that can complete your trades quickly and provide you with an easy-to-use platform not to get confused in the process.Īnd finally, your brokerage platform should have a good reputation among investors and provide a safe trading environment for you. All the brokerage platforms introduced above accept American Express and are carefully chosen, considering such factors as trading and non-trading fees, safety and usability.Īfter selecting the brokers that support Amex payments, we narrowed down the list and included the ones with the best withdrawal, conversion, and deposit fees. When selecting an online broker to buy Bitcoin with American Express, obviously, the first thing to consider is whether it supports payments with your Amex card.

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