Summary: To buy stablecoins like USDC, USDT or BUSD with a credit card, it is best to use a trusted and regulated exchange. This will allow you to deposit money from your Mastercard or VISA credit card and use it to buy or sell stablecoins. You can then withdraw the stablecoins or stake them to earn high interest.
The Uphold exchange is a good choice because it offers more than 14 different stablecoins for purchase with a credit card and is available in 120 countries. Additionally, the platform charges zero fees to buy and sell any listed asset.
Best Exchange to Buy Stablecoins with Credit Card
- Buy over 14 different Stablecoins with a VISA or Mastercard Credit Card.
- Secure and regulated multi-asset brokerage available in over 120 different countries.
- Trade thousands of Cryptocurrencies, Stocks, ETFs, Metals and more with 0 fees.
Can I buy Stablecoins with a Credit Card?
Yes, major Credit Card providers like Mastercard and VISA do not have any policies that prohibit users from buying stablecoins from regulated crypto brokers. This is because stablecoins like USDC and BUSD are 100% backed and pegged to the US dollar making them incredibly secure and less volatile than normal digital assets.
How to buy Stablecoins with a Credit Card
As mentioned above, the best exchange to buy stablecoins with your Credit Card is the Uphold platform. They are a regulated and licensed broker in the United States, Europe, United Kingdom and Asia, and offer over 14 different stablecoins for zero trading fees. Their platform also allows you to stake a wide variety of cryptocurrencies to earn up to 25% APY in interest.
You can get started buying stablecoins in 4 simple steps:
- Sign up to the Uphold platform.
- Select 'Add Card' to add your Credit Card and input your information and the amount you want to deposit.
- Find the stablecoin you want to buy on the Uphold platform (14 stablecoins available).
- Input the amount you want to buy and execute your trade.
Fees to buy Stablecoins with a Credit Card
Most crypto exchanges charge deposit fees when you deposit fiat currencies from your Credit Card, which averages at around 3.49% (including Uphold). Unlike other exchanges however, Uphold charges zero trading fees after your funds hit the platform. Which makes them a very cheap alternative to exchanges like Coinbase who charge an additional trading fee of 2%.
What is the Safest Stablecoin?
The safest stablecoin available is USDC. This is because it has strong legal backing from the two major companies that issue it, Coinbase and Circle. Both of these companies are highly regulated to ensure their customers funds are safe and secure. Additionally, USDC is 100% backed by the USD so you will always get your money back when you exchange it for USD.
Buying a stablecoin like USDC, USDT or BUSD with your Credit Card is a safe and secure way to invest in digital assets without the volatility of normal cryptocurrencies. We recommend using Uphold as your exchange of choice because they offer zero trading fees and are available in 120 different countries worldwide. Good luck!
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.