In order to provide users with a better fiat-to-crypto trading experience, this article summarizes the frequently asked questions of users purchasing crypto with bank cards. It's recommended you read this article before purchasing crypto.
1. How can I qualify to buy crypto with Bank Card?
- Complete Advanced Verification on KuCoin.
- Hold a VISA or MasterCard with support for 3D Secure (3DS).
2. How to check if my Bank Card is qualified?
- We support credit, debit, and pre-paid cards issued by VISA and MasterCard.
3. What crypto can I buy using my Bank Card?
- We support buying USDT with USD/BRL/EUR/GBP/RUB/UAH/AUD.
4. Will I be charged a transaction fee?
- When buying crypto by Bank Card, KuCoin will deduct transaction fees from the payment amount. Please refer to the order confirmation page for the specific fees.
- The transaction fee is displayed on the order confirmation page, and your bank card will be debited only after you complete the confirmation.
- Be aware that your card issuer may charge additional fees for your use of online payment, advance payment services, etc. These fees are not charged by and are not under the control of KuCoin.
5. Is there a purchase limit?
- The minimum payment amount for a single transaction is $5, while the maximum payment amount is $5000.
6. What will the price be?
- When you're buying crypto by Bank Card, the order confirmation page will display the reference price. Due to market volatility, the quantity you receive may deviate from the one on the order.
7. Reasons for transaction failure or rejection
Reasons for the transaction failure may include:
- Network or API connection problems.
- The browser or application was closed or refreshed before completing the purchase.
- The order was not paid for a long time.
Reasons for the transaction rejection may include:
- Your card issuer does not allow payments to crypto exchanges.
- Your card issuer does not support 3DS.
- You have entered the incorrect 3DS verification code.
- If your bank card is charged, but you do not receive the crypto immediately, your payment order will be automatically canceled within two hours.
- For other issues, please get in touch with Customer Service.
8. What is 3D Secure (3DS) ?
- 3DS is a formal security verification that authorizes online payments by entering a password or a one-time PIN.
- If you are not sure whether your bank card supports 3DS, don't hesitate to get in touch with your card issuer to confirm.
We hope this article has been helpful. Please reach out to our 24/7 customer support via online chat or submit a ticket if you have any other questions.
Happy trading on KuCoin!
FAQs
When buying crypto by Bank Card, KuCoin will deduct transaction fees from the payment amount. Please refer to the order confirmation page for the specific fees. The transaction fee is displayed on the order confirmation page, and your bank card will be debited only after you complete the confirmation.
Can I buy crypto with my bank card? ›
You can buy crypto with a credit card, debit card, Apple Pay or Google Pay. After you complete your purchase, your crypto will be held in your wallet. Why should I buy cryptocurrency?
Why can't i buy crypto with my bank card? ›
Contact Your Bank: Sometimes, banks may block certain types of transactions, including those related to cryptocurrency, as a precautionary measure. If you're experiencing issues with your card payments, a simple call to your bank can often resolve these blocks and provide clarification on any transaction limits.
What happens if you buy crypto with credit card? ›
Exchange Fees
A typical example is Coinmama. Every purchase incurs a fee and making payment with a credit card requires an additional fee of 3.24% to 3.34%. 9 This means purchasing $1,000 worth of Bitcoin using credit cards will attract an extra fee of $33.40, excluding platform fees.
Can I buy crypto with someone else's debit card? ›
It is not allowed to use someone else's card to buy cryptocurrency.
Does buying crypto with credit card count as cash advance? ›
Among the credit card issuers that allow crypto purchases, these transactions are typically treated as cash advances, which involve fees and high interest rates. Cash advances don't earn rewards, either.
Can I buy crypto directly from my bank account? ›
Whether you want to buy Bitcoin with a credit card or Ether with Apple Pay, we know everyone has their preferences. And now, you can buy crypto with your bank account! The process is fast and secure.
Can I buy crypto with a credit card no fees? ›
Cryptocurrency exchanges typically charge several fees for each transaction, including a 1% to 2% transaction fee. But when you use a credit card, they add a credit card processing fee as high as 3.75% and you might pay an additional fee based on your pairing.
What are the credit card fees for buying crypto? ›
In many cases, buying Bitcoin with a credit card is often the most expensive option. For example, Coinbase charges 3.99% on credit card payments. While Kraken and Crypto.com charge 3.75% and 2.99%, respectively. That said, with over 200 crypto exchanges in the market, there are much cheaper options available.
Does buying crypto affect your credit score? ›
Does crypto affect your credit scores? Not directly, no. None of your bank accounts, savings or investments are recorded on your credit history. They aren't considered credit so they don't show up on your credit report and aren't visible to lenders when they do a check on you.
One popular option for a credit card to buy cryptocurrency is American Express. American Express cards: Cards issued by American Express do allow customers to buy cryptocurrency. However, you may pay high fees on crypto transactions (4% or more).
Is it illegal to buy crypto for someone else? ›
Yes. You can purchase a cryptocurrency gift card from one of the handful of online retailers that offer them or take the more traditional route: buying cryptocurrency on a registered exchange and then sending it to the beneficiary's wallet address.
Are crypto debit cards anonymous? ›
Transactions made through these playing cards do not reveal private information about the user, ensuring anonymity and protecting against potential identity theft or fraud.
What cards can you buy crypto with? ›
While Mastercard and VISA technically allow customers to buy cryptocurrency, most banks that partner with these companies don't allow cryptocurrency purchases via credit cards. At this time, even credit cards issued by cryptocurrency exchanges like Gemini don't allow cryptocurrency purchases.
How do I buy crypto with just a card? ›
BitPay makes it easy to buy Bitcoin with a credit card. Simply enter your credit card details as a payment method and complete the transaction as you would any other payment method.
What bank can I use for crypto? ›
If you're getting into cryptocurrencies, consider banks like Revolut, Wirex, Juno, Monzo, Ally Bank, or BankProv. They make it easy to trade, manage wallets, and integrate with crypto exchanges, offering a convenient mix of traditional and digital financial services.
