Best Crypto Exchanges to buy Cryptos with American Express
Buying crypto with American Express is very secure and fast. Also, many American Express cards often offer rewards programs, allowing cardholders to earn points or cash back for their purchases. These rewards can be redeemed for travel, merchandise, or other benefits.
If you’re looking for a simple way to buy Bitcoin with American Express, you must sign up with a reputable crypto exchange that supports American Express for payments. The best platforms and quick step-by-step guidelines on purchasing Bitcoin with American Express cards are listed below.
- Phemex – Best Exchange with American Express Cards
- Kucoin – Best Altcoin Crypto Exchange with AMEX cards
- Kraken – Best Platform for US users with American Express
1. Phemex
Phemex is a fully regulated cryptocurrency exchange where you can trade crypto with up to 100x leverage. The platform offers over 200 cryptos for active trading with low trading fees.
Users can access fees as low as 0.1% for makers and takers on the spot market. For futures trading, fees are set at 0.01% for makers and 0.06% for takers.
Phemex supports six fiat currencies, including USD, EUR, and GBP, for buying cryptos conveniently with an American Express card. You can follow the step-by-step guidelines below to buy cryptos conveniently with your American Express card on Phemex.
Step 1: Sign up to Phemex
Sign up with your email address or password and verify your identity by providing your details and a government-issued ID.
Step 2: Go to “Buy Crypto”
On the homepage, click “Buy Crypto,” then choose “Credit/Debit Card”.
Step 3: Create your order
Enter your preferred cryptocurrency and fiat currency, select the purchase amount, and click “Buy.”
Step 4: Add your American Express card details
You must link your payment card to use an American Express card on Phemex. That will allow you to purchase cryptos with your credit or debit card without having to enter the card details each time.
To bind a credit or debit card, enter the billing address and the card details. Then, click the “Bind Card” option.
Once it’s confirmed, you can buy cryptos immediately with your American Express card. Go to the Buy Crypto tab, enter your desired fiat amount, and click Buy. Select your card and click “Confirm”. After payment, your cryptos will be added to your account.
2. Kucoin
KuCoin is a relatively new crypto exchange that allows users to buy, sell, and trade Bitcoin and other digital assets. Users have access to over 800 cryptos with low trading fees.
Trading fees are set to 0.1% for makers and takers on the spot market, while for futures trading, trading fees are as low as 0.02% for makers and 0.06%.
Another thing about Kucoin is that users can buy crypto freely with the American Express card at zero fees. To conveniently buy Bitcoin and other cryptocurrencies with your American Express card on Kucoin, follow the step-by-step guidelines below:
- Create an account on Kucoin and verify your identity by providing your details and uploading a valid ID. Click “Buy Crypto” on the homepage and select “Fast Trade.”
- Select the preferred crypto, enter the amount of fiat you want to buy the crypto, and then choose “Credit/Debit card as your payment method. You can also add your card, so you won’t have to enter the details again for subsequent purchases.
- Review the transaction details to ensure everything is accurate, then Confirm the deposit.
- Once you’ve securely paid with your American Express card, cryptos are immediately added to your account.
3. Kraken
Kraken is one of the most established crypto exchanges on the market, offering adequate security and a wide range of features, including spot, futures, NFT trading, and more.
Users have access to over 100 cryptos. Trading fees are as low as 0.02% for makers and 0.05% for takers on the futures market. For spot trading, the fees are fixed at 0.16% for makers and 0.26% for takers.
Kraken is among the best exchanges for buying Bitcoin and other cryptocurrencies with an American Express card, especially for U.S. citizens. If you want to use your American Express card to safely buy Bitcoin and other cryptocurrencies on Kraken, follow the step-by-step guidelines below.
- Create a Kraken account with your email address or phone number and verify your identity with a valid ID and live selfie.
- Click on “Buy Crypto” and select the “Buy” option.
- Choose your preferred crypto and fiat currency, then enter the desired amount.
- Choose a Credit/debit card as your payment method. Enter your American Express card details, including the card number, expiration date, CVV code, and cardholder name.
- Review the transaction details to ensure everything is accurate, then Confirm the deposit.
- Once you’ve securely paid with your Maestro card, your cryptos are added to your account immediately.
Final Thoughts
The American Express card makes purchasing cryptos very attractive, offering cashback and rewards for using your card to pay bills. If you’re seeking to buy cryptos with your American Express card and don’t know how to go about it, simply choose any of the reputable exchanges listed above and follow the guidelines to help you securely purchase your cryptos. It is important to note that if you’re a U.S. citizen, Kraken should be your go-to platform to buy cryptos with your American Express card. That is because only Kraken is available for U.S. users; Phemex and Kucoin are not supported in the U.S.
