How to Buy Bitcoin With American Express Card

Amercan Express cards are popular with business people and those who want access to exclusive membership rewards. If you're wondering how you can buy Bitcoin with your Amex card, then that’s exactly what we’re going to explore in this guide.

We'll take a look at some of the top Bitcoin brokers that accept American Express. Then we’ll guide you through the entire process to invest in Bitcoin using this payment method, pointing out important pieces of information to help you get the best possible experience when buying Bitcoin with Amex. We’ll also answer popular questions regarding the purchase of Bitcoin using the Amex card.

Top Bitcoin Brokers That Accept American Express

First things first, let’s examine some of the best brokers that let you buy Bitcoin with American Express card.

	Partner Name Label	Label	CTA	Disclaimer
	1. eToro	4.8	Visit Websiteetoro.com					This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC) which is highly volatile, unregulated in most EU countries, does not fall under EU protections & is not supervised by the EU regulatory framework. Investments are subject to market risks, including the loss of principal.
	2. Pepperstone	4.5	Visit Websitepepperstone.com					Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.9% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
	3. Eightcap	4.4	Visit Websiteeightcap.com					CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.04% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
	4. Coinbase	4.2	Visit Websitecoinbase.com
	5. Changelly	3.7	Visit WebsiteChangelly.com
	6. Trading 212	4.0	Visit Websitetrading212.com					CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What Is an American Express Bitcoin Broker?

American Express is a popular brand that offers credit, debit, prepaid, and gift cards. It’s one of the most popular card brands, next to Visa, Master Card, and Discover, and if you’re in the US, the chances are you already have an Amex card. The brand is also available in many other countries, so millions of people worldwide use Amex daily.

American Express Bitcoin brokers are crypto platforms that enable you to use your Amex card to fund your BTC purchase.

What Crypto Platforms Accept American Express?

Unfortunately, as American Express charges higher merchant fees than other credit card providers, most crypto platforms choose not to accept it. You will have a hard time finding a centralized exchange or broker that accepts Amex.

However, there are a handful of peer-to-peer (P2P) platforms that accept Amex, and these include Paxful and LocalBitcoins. P2P platforms connect buyers directly with sellers and may not require you to complete ID verification. This anonymity may attract some users with malicious intentions so caution is advised when using these platforms.

How to Buy Bitcoin With American Express in 2023?

The steps below show how to buy Bitcoin with your Amex card on a P2P platform.

What Should I Look for in an Amex Bitcoin Broker?

It’s no secret that some brokers are better than others, and you want to have the best possible experience when buying Bitcoin with American Express.

Once you check all the essential traits of a Bitcoin broker and ensure that they are of high quality, you’ll be able to buy BTC effortlessly.

Here’s what to take into account when buying Bitcoin with Amex:

Cost: Certain brokers are more expensive than others as the fees they charges may differ. P2P platforms don't tend to charge fees for buying crypto, but as sellers decide the price you may want to hunt around for sellers offering lower prices.

Limits: All brokers have transaction limits when depositing, withdrawing, buying, or selling. Please take all of them into account when choosing the best trading site for you.

Security: You should verify that your broker of choice has all the security protocols. This is essential for keeping your funds and your sensitive data safe and secure. You shouldn't trust a P2P platform unless it provides escrow.

Speed: Sometimes, transactions can take a couple of minutes, especially when trading Bitcoin, which is one of the slower cryptocurrencies. However, various brokers have different speeds, and you definitely want to avoid the slow ones.

Ease-of-use: Check the broker’s user interface and see how easy or difficult it is to use the platform to buy Bitcoin with American Express. If you’re new to the world of crypto trading, go for the simplest-looking ones.

Should I Buy Bitcoin Using American Express

American Express is one of the most popular fiat payment methods, but it also comes with a couple of disadvantages.

Let’s take a look at the main benefits and drawbacks of using Amex to buy BTC.

Pros & Cons of Amex

Is Using American Express the Best Method to Buy Bitcoin?

American Express is certainly easy to use and the membership rewards make it attractive to many people. However, when it comes to buying Bitcoin, Amex certainly isn't the best method due to how few platforms accept it. You will have a much greater choice of platforms if you opt for a Mastercard or Visa card instead.

What Are the Alternative Payment Methods to Buy Bitcoin With?

Some of the alternatives you’ll often find available in online brokers are:

Other Credit/Debit Cards: As mentioned above, apart from American Express, you can use other popular card brands for deposits, including Visa and Mastercard. These brands are a much more widely accepted method of buying Bitcoin with a credit card or debit card.

E-wallets: Many brokers accept e-wallets such as PayPal for buying Bitcoin. What’s more, PayPal has also become a cryptocurrency wallet itself.

Bank Transfer: Some brokers allow you to buy Bitcoin with a bank transfer. This is typically the cheapest option, but may also be the slowest depending on the transfer network available.

Apple Pay: If you own an Apple device, you’ll be happy to know that many brokers accept Apple Pay for buying Bitcoin. It’s a convenient and highly secure payment option.

Following the information mentioned above, we created the following guides on alternative payment methods to Buy Bitcoin with:

• How to buy Bitcoin with Skrill

• How to buy Bitcoin with Neteller

• How to buy bitcoin with prepaid card

What to Consider Before Buying Bitcoin with American Express Card

You should be aware that most exchanges restrict major credit card purchases of cryptocurrencies. American Express, for example, has a daily and monthly cap on Bitcoin purchases. Users cannot spend more than $200 per day and $1,000 per month.

Depending on the exchange, the cost of buying Bitcoin or other cryptocurrencies with a credit card varies. Fees for cards, and particularly American Express, can be high.

There may also be additional fees, such as foreign transaction fees and exchange rates. A trustworthy exchange will disclose all fees before you complete your purchase.

Final Thoughts

To sum up, American Express may be popular and easy to use, but it isn't a great option for buying Bitcoin as you will struggle to find platforms that accept it. If you want to buy Bitcoin with a card, consider the more widely accepted Mastercard and Visa cards instead.

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	Partner Name Label	Label	CTA	Disclaimer
	1. eToro	4.8	Visit Websiteetoro.com					This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC) which is highly volatile, unregulated in most EU countries, does not fall under EU protections & is not supervised by the EU regulatory framework. Investments are subject to market risks, including the loss of principal.

FAQs

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