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How to Buy Crypto with Mastercard

How to Buy Crypto with Mastercard

Alysha Jane
Fact Checked
Sep 13, 2022

Our Summary: Mastercard does not directly offer cryptocurrency purchases with a Credit Card through their online banking platform. The only available method to buy digital assets like Bitcoin or Ethereum with a Mastercard is through a regulated and licensed cryptocurrency exchange that accepts card payments.

If you are looking to get started quickly, we recommend using Bybit as it offers free and instant credit card deposits whereas most exchanges will charge a 4% deposit fee.

Table of Contents

Best Exchange for Mastercard

Platform Highlights

  • Deposit USD, EUR, GBP and other fiat with Mastercard instantly with low fees.
  • Trade over 700 Cryptos with up to 100x leverage.
  • NFT Marketplace, IDO Launchpad & other features.

Can I Buy Bitcoin or Crypto with Mastercard?

Yes, you can buy Bitcoin with Mastercard when you go through a cryptocurrency investing platform that accepts card payments. There are a few exchanges you can choose from including Binance, Bybit & Coinbase but the overall best is Bybit because they charge zero fees to trade crypto with Credit Card deposits.

How to Buy Crypto with Mastercard

If you want to buy cryptocurrencies with Mastercard, you have come to the right place. In this example we show investors how to buy cryptocurrencies with Euros (EUR) but eToro also accepts GBP, AUD & USD deposits via Mastercard. Follow the below steps to get started.

  • Step 1: Create a Bybit account and verify your identity.
  • Step 2: Select 'Buy Crypto' and choose Credit Card as your payment method.
  • Step 3: Select the coin you want to buy and the amount you want to invest.
  • Step 4: Review the order and execute your trade.
Buying $500 USD of ETH with a Mastercard deposit.

Buying Crypto with Mastercard Fees

There are a few fees involved when purchasing cryptocurrencies through a cryptocurrency investing platform. Most exchanges will typically charge two fees to buy crypto, the deposit fee and the trading fee. The deposit fee to use card on most exchanges are between 1% - 4% but eToro offers free deposits to Mastercard holders.

Trading fees are charged to buy or sell cryptocurrencies on an exchange. The industry average for trading fees is 1% and Bybit charges 0% on all trades. Some exchanges like Coinbase charge 4.5% which is considerably higher than most platforms.

What is Mastercard?

Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. Mastercard operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories.

Mastercard Crypto

Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. The company is a proud member of Mastercard Worldwide, a global company with products and services that make lives better, easier and more rewarding for everyone.

The company has been making lives easier and more rewarding for people around the world for over 50 years. When you use Mastercard, you can be confident that your transaction will be processed quickly and securely. Mastercard is accepted at over 35 million locations around the world, so you can use it just about anywhere.

Mastercard is a publicly traded company, listed on the New York Stock Exchange (NYSE: MA). For more information, please visit www.mastercard.com.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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