How to Buy Bitcoin with American Express
To buy Bitcoin with American Express, just follow these simple steps.
1. Sign up with our recommended platform
Find a trustworthy platform to buy Bitcoin and create an account. Provide any details requested and a photo ID to complete the KYC process. Click the link below to join our top choice of regulated platforms that support American Express.
2. Make a deposit using American Express
Once you have created your account, you will need to fund it. Go to the deposit page on your platform and choose American Express as the payment method. Enter how much you want to deposit and the funds will be transferred to your account.
3. Buy Bitcoin
Use a buy order to enter how much you wish to purchase in either BTC or your local currency, once you have found the relevant trading pair. Use a market order to buy immediately or a limit order to specify a future price.
Where to Buy Bitcoin with American Express
There are a number of places where you can buy Bitcoin with American Express, so find the one that best suits your preferences, regarding factors such as fees and user interface. We’ve shortlisted the best regulated and reputable platforms that support American Express, which represent the safest places to make a Bitcoin purchase.
Pros & Cons of Buying Bitcoin with American Express
Here are some advantages and disadvantages of using American Express to help you make up your mind.
Fast. The American Express network boasts transaction speeds of one to three seconds.
Trusted. American Express is a trusted brand and offers fraud protection when customers shop online.
Rewards. American Express users can earn rewards such as cashback and points to spend on products and services.
Choice. There is a range of American Express cards available, offering different APRs and benefits.
High fees. Buying Bitcoin with a credit card can cost more than other payment methods, and American Express cards tend to have higher fees than other providers.
Fees When Buying Bitcoin with American Express
Fees for using American Express can be as much as 4%. There are other costs to take into account too, like blockchain transaction fees and any fees charged by your broker such as commission and spreads.
Is Buying Bitcoin with American Express Right for Me?
Perks and high credit limits have earned American Express a reputation as the card for high flyers. If these benefits are important to you and you don’t mind paying a bit more in fees, American Express could be a great way to buy Bitcoin quickly through a trusted service.
Frequently Asked Questions
American Express charges fees for cash advances, currency conversions, returned payments, late payments, and requesting additional statements.
No. The high fees American Express charge to merchants mean some companies refuse American Express. Although it is widely accepted in the US, American Express is less likely to be accepted by non-US crypto platforms. See the section above on where to buy Bitcoin with American Express for a shortlist of the top platforms that support it.
Yes. If your broker or exchange accepts American Express, you can use this payment method to buy any cryptocurrency the platform offers.