Binance does support purchasing cryptocurrency with a credit card — it's a quick and convenient deposit method. However, there are some limitations and fees you should know about. After you register on Binance, you can use the credit card purchase feature, and you can also download the Binance APP to complete purchases on your phone.
Supported Credit Card Types
- Visa credit/debit cards
- Mastercard credit/debit cards
- Other card networks in select regions
Note that whether a credit card works depends on the issuing bank's policies, not just the card network. Even if you hold a Visa card, it may still be declined if your issuing bank restricts cryptocurrency transactions.
Steps to Buy Crypto with a Credit Card
- Log into Binance and select "Buy Crypto" or "Card Purchase"
- Choose the cryptocurrency you want to buy (e.g., BTC, ETH, USDT)
- Enter the purchase amount (you can choose fiat currencies like USD or EUR)
- Select "Credit/Debit Card" as payment
- First-time users need to add card details (card number, expiration date, CVV). Binance encrypts card information for security
- Confirm the order amount and fees (the page clearly shows fees and the final charge amount)
- Complete 3D Secure verification (bank security check — you may need to enter an SMS code from your bank)
- Purchase successful — cryptocurrency arrives instantly
The entire process usually takes only 2-3 minutes. For first-time card additions, the bank may charge a small verification amount (around $1), which will be refunded after successful verification.
Fee Breakdown
- Binance fee: Typically 1%-2%
- Third-party service fee: When going through services like Simplex, an additional 1%-3.5% may apply
- Bank fees: Some banks may treat cryptocurrency purchases as cash advances, charging extra fees and higher interest
- Exchange rate differences: Non-USD credit cards may incur currency conversion fees (typically 1%-2%)
All in all, the total cost of buying crypto with a credit card can range from 2%-5%, significantly higher than C2C trading (zero fees). Therefore, credit card purchases are better suited for users who prioritize convenience over cost.
Limitations for Chinese Credit Cards
Most credit cards issued in mainland China will be rejected by banks for cryptocurrency purchases. If your credit card payment is declined, this is typically the issuing bank's restriction, not a Binance issue. You'll typically see messages like "Transaction declined" or "This transaction type is not allowed."
Currently, almost all UnionPay credit cards from mainland China cannot be used to purchase cryptocurrency. Some Visa or Mastercard cards issued in Hong Kong or Macau may work, depending on the specific issuing institution's policies.
Alternative: Chinese users are recommended to use C2C trading, purchasing from merchants via bank transfer with zero fees and a high success rate. C2C trading isn't restricted by credit card limitations — you only need a regular bank debit card.
Security Tips for Credit Card Purchases
- Only enter credit card information on the official Binance website or APP — never through third-party links
- Enable transaction notifications on your credit card to promptly detect unauthorized charges
- After use, you can delete saved card information in Binance's payment management page
- Set per-transaction and daily purchase limits to prevent accidental large charges
Best Use Cases
Credit card purchases are most suitable for:
- Users with overseas credit cards (e.g., Visa/Mastercard issued in the US, Europe, or Southeast Asia)
- Quick small purchases (e.g., wanting to enter the market immediately when you spot a good opportunity)
- Users who don't want to interact with merchants via C2C
- Users willing to pay higher fees for convenience
- Chinese users abroad who cannot use C2C CNY trading