Summary: Best Buy does not directly offer any services to its customers to buy or sell Cryptocurrencies like Bitcoin. That said, its customers can use their Best Buy Credit Card to deposit funds into a regulated and FinCEN-licensed exchange that accepts it as a payment method.
We recommend the Uphold platform for users in the US because they offer fast and cheap deposits from all credit cards including Best Buy. The exchange offers over 250 Cryptocurrencies, which Best Buy customers can buy with absolutely zero trading fees. It is the most secure and affordable way to purchase digital assets in the United States.
- Buy and sell 250+ Cryptocurrencies with zero trading fees.
- Instant and cheap deposits via Best Buy Credit Cards in the US.
- Regularly audited proof of reserves which shows users funds are held 1:1.
How to buy Crypto with Best Buy Card
As mentioned above, the best exchange to buy digital assets with the Best Buy card is Uphold. Their platform is secure, regulated, and offers instant deposits via debit and credit cards, which includes the Best Buy Card.
You can get started with these 4 simple steps:
- Create a free account on Uphold and complete the verification process.
- Deposit USD with a Best Buy Credit Card by inputting your details.
- Find the Cryptocurrency you want to buy on the Uphold platform.
- Input the USD amount you want to invest in the token and execute your trade.
What are the fees to invest in Cryptocurrencies?
The great thing about using Uphold to buy digital assets is that they don't charge any fees on any trades. That means you can deposit, buy and withdraw your Cryptocurrencies without paying a single cent in fees. The only fee you need to be aware of is the 3.99% credit card processing fee which is charged by your card issuer when you make a deposit. So if you're looking to buy $100 worth of Bitcoin, it will cost you $103.99 including the fees.
Is Best Buy Crypto-Friendly?
Yes, Best Buy is Crypto-friendly and allows customers to purchase digital assets with their Best Buy credit cards through regulated brokers in the country. It's important to ensure you use a FinCEN-regulated exchange like Uphold, otherwise, your transactions may not get approved.
About Best Buy Credit Cards
Best Buy Credit Cards are a great way to get the items you need from the store, and they can also be used to finance large purchases. There are two main types of Best Buy credit cards: the My Best Buy® Visa® Card and the My Best Buy® Credit Card. Both of these cards offer great rewards and perks, but they also come with different interest rates and fees.
The My Best Buy® Visa® Card offers 5% back in rewards on all purchases made at Best Buy, 2% back on gas and grocery store purchases, and 1% back on everything else. There is no annual fee for this card, and the APR is 14.99%. The My Best Buy® Credit Card offers 3% back in rewards on all purchases made at Best Buy, 2% back on gas and grocery store purchases, and 1% back on everything else. There is a $59 annual fee for this card, and the APR is 24.99%.
Both of these cards can be used anywhere Visa is accepted, and they both come with a 0% intro APR on purchases for 12 months. After the intro period, the My Best Buy® Visa® Card has a 14.99% APR, and the My Best Buy® Credit Card has a 24.99% APR.
Final Thoughts
Although Best Buy does not directly offer services to buy or sell Cryptocurrencies, its customers can use their Best Buy Credit Card to purchase digital assets through a FinCEN-licensed exchange. Uphold is our recommended platform because they are secure, fast, and affordable. They also don’t charge any fees on trades which makes it a cost-effective option.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
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