Do you use a card in almost every online transaction? Same here! Rightfully so, considering their speed, ease of use, and convenience. Thankfully, it’s easy to buy crypto with credit or debit card nowadays as crypto wallets like Ka.app already accept card payments.
Ka.app accepts different card providers, so if you’re looking to learn how to buy Bitcoin with an American Express (Amex) card, one of the most popular card providers worldwide, this guide is for you.
What Is Bitcoin?
Bitcoin is the first ever known cryptocurrency; introduced in 2009 by an anonymous developer (or group) under the name Satoshi Nakamoto.
At its core, Bitcoin is powered by blockchain technology, a decentralized ledger recording all transactions across a network of thousands of computers. Because this ledger is decentralized, it’s nearly impossible to hack or manipulate, offering a high level of security. Every transaction is publicly recorded on the blockchain, promoting transparency and trust among users.
You can use Bitcoin for a wide range of transactions—from buying goods and services to sending international crypto remittances.
How to Buy Bitcoin With an Amex Card: A Step-by-Step Guide
Buying Bitcoin with your Amex card only takes a few steps on Ka.app. Here’s how it works:
- Sign up on Ka.app and complete the KYC checks.
- Log in on the platform.
- Once you’re on the home screen, tap/click the ‘Buy’ icon and select Bitcoin. The Ramp integration will load.
- Enter the amount of Bitcoin that you’d like to purchase.
- Select card as your preferred payment method.
- Confirm the transaction.
- And you’re done! Just wait for the coins to reflect in your wallet.
Is it Safe to Buy Bitcoin With a Card?
Yes, buying Bitcoin with a card is safe if you use a reputable crypto platform that implements strong security measures like Ka.app.
Ka.app has integrated a secure Web3 infrastructure for card payments; it has battle-tested technology to protect funds in storage and in transit; it does regular software updates; it offers two-factor authentication (2FA) for an extra layer of security; and it conducts thorough KYC checks that prevent money laundering, fraud, and other illegal activities.
It’s good to note though that doing proactive measures yourself is also crucial in protecting your funds. Some of the things you can do include using strong, unique passwords, enabling 2FA, being cautious of phishing attacks, and keeping your crypto apps and wallets updated, among others.
How Fast Does It Take to Buy Bitcoin With an Amex Card on Ka.app?
The settlement time for buying crypto with your Amex card takes only about 5 minutes or less on Ka.app. This is way faster compared to other payment methods like bank transfers.
Are There Fees Associated With Buying Bitcoin With an Amex Card?
Yes, there are minimal service fees for buying crypto with a card on Ka.app. However, the exact fees may vary depending on your transaction amount.
Final Thoughts
The process of buying crypto with a card is easy and familiar. It’s much like making any online purchase, lowering the entry barrier for crypto beginners who might be daunted by more complex purchasing methods. Cards—whether credit or debit—also offer the advantage of instant processing, allowing you to capitalize on market conditions right away without the waiting periods associated with other payment methods.
However, while the ease and convenience are significant, it's also vital to choose a reputable platform like Ka.app that ensures the security of your transactions. Get started here.
Disclaimer: This content is for educational purposes only and should not be considered financial, investment, or legal advice. Due to market volatility, investing in Bitcoin and other crypto involves significant risks, including the potential loss of your funds. Please do your own research, assess your financial situation, and know your risk tolerance before making any investment decisions.
FAQs
What Is Ka.app?
Ka.app is a beginner-friendly crypto wallet and payment platform. Aside from buying crypto with your card, you can also use it to buy crypto with EUR, buy crypto with IBAN, buy crypto with wire transfer, send Bitcoin for free to other app users, and convert crypto quickly from any supported country.
Which cryptocurrencies can I buy with my Amex card?
You can buy any crypto that’s available on Ka.app with your Amex card. As of writing, these include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), Cardano (ADA), Binance Coin (BNB), Polkadot (DOT), and KASTA. More currencies will be available soon.
Can I earn rewards on my credit card for buying Bitcoin?
Depending on your credit card's rewards program, you may earn points, miles, or cashback on Bitcoin transactions. However, some providers classify crypto purchases as cash advances, so if this rule applies to your card provider, rewards may not apply.
What happens if I need to dispute a crypto purchase made with my credit card?
Disputing a crypto purchase can be challenging because transactions on the blockchain are irreversible. However, if there's an issue with the credit card transaction itself, you may be able to file a dispute with your card issuer as you would with other purchases.
