Here is a guide to buying Bitcoin with an AMEX Card
Bitcoin is the world’s most popular and valuable cryptocurrency, having a market value of more than US$1 trillion as of January 2024. Many people are interested in buying Bitcoin as an investment, a hedge against inflation, or a way to participate in the decentralized digital economy. However, buying Bitcoin can be challenging, especially if you want to use your American Express (AMEX) card.
AMEX is one of the largest and most reputable credit card companies in the world, with over 100 million cardholders worldwide. However, AMEX does not offer any direct crypto trading services through its website or app. This means that you cannot buy Bitcoin directly from AMEX, but you have to use a third-party platform that supports AMEX as a payment method.
Buying Bitcoin with AMEX on Crypto Exchanges
Crypto exchanges are the most common and convenient way to buy Bitcoin with your AMEX card. However, not all crypto exchanges accept AMEX as a payment method, and some may charge high fees or have low limits for AMEX transactions. Therefore, you need to do some research and compare different crypto exchanges before choosing one.
One of the best crypto exchanges that accept AMEX as a payment method is OKX. It is a leading global crypto exchange that offers over 400 trading pairs, including Bitcoin, Ethereum, Dogecoin, and many more. OKX also supports various payment methods, such as credit cards, bank transfers, and e-wallets. OKX has a partnership with Sardine, a payment processor that enables AMEX cardholders to buy Bitcoin and other cryptocurrencies on OKX.
To buy Bitcoin with your AMEX card on OKX, you need to follow these steps:
Create an account on OKX and verify your identity.
Go to the Buy Crypto page and select Credit Card as the payment method.
Choose AMEX as the card type and enter the amount of Bitcoin you want to buy.
You will be redirected to Sardine’s website, where you need to enter your AMEX card details and complete the payment.
You will receive your Bitcoin in your OKX wallet within minutes.
Buying Bitcoin with AMEX on Peer-to-Peer Marketplaces.
Peer-to-peer marketplaces are another option to buy Bitcoin with your AMEX card. However, this option is less secure and more expensive than using a crypto exchange.
To buy Bitcoin with your AMEX card on Paxful, you need to follow these steps:
Create an account with Paxful and authenticate your identity.
Go to the Buy Bitcoin page and look for offers that accept AMEX as the payment method.
Choose an offer that suits your needs and open a trade with the seller.
Follow the seller’s instructions and send the payment with your AMEX card.
Confirm the payment and wait for the seller to release the Bitcoin from the escrow.
You will receive your Bitcoin in your Paxful wallet within minutes.
Conclusion
Buying Bitcoin with your AMEX card is possible, but not easy. You need to use a third-party platform that supports AMEX as a payment method and compare different options based on fees, limits, security, and convenience. Crypto exchanges are the most common and convenient way to buy Bitcoin with your AMEX card, but not all of them accept AMEX.
