How to buy crypto with American Express (AMEX)?
Did you know that you can just buy crypto with your American Express credit card? In this article, I discuss how to buy crypto with your AMEX credit card in no time.
Buying crypto with your American Express credit card
Step 1: open an account with a crypto exchange
Before you can buy crypto with your AMEX credit card, you must first open an account with a crypto exchange. Check out which providers you can go directly to below:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with American Express after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Step 2: activate your account
After you have opened an account with a crypto exchange, you must first activate it. You need to confirm your e-mail or phone number. After you have done this, you also need to upload a copy of your passport. Going through these steps allows the crypto exchange to establish that you really are who you say you are.
Step 3: deposit money
After your account is activated, you can make your first deposit. You can transfer money directly from your American Express (AMEX) credit card to your crypto account at most crypto exchanges. American Express does not block payments to crypto exchanges, so you don’t need to worry.
Step 4: select crypto
Now that you have opened an account with a crypto exchange, you can start buying crypto. It can sometimes be difficult to choose, as there are thousands of cryptocurrencies. Most people choose to invest in Bitcoin or Ethereum.
Step 5: buy crypto with your AMEX
Press buy to open the order screen within the trading platform. Within the screen, you then enter the amount for which you want to buy the crypto. You can execute the order immediately, but it is also possible to use a limit order to set a price at which you want to buy that crypto.
Step 6: evaluate & sell
It is then important to regularly evaluate your crypto investments. Ask yourself if the crypto in question still fits within your portfolio. If it does not, you can place a sell order and transfer the money back to your AMEX credit card.
AMEX’s stance on crypto?
American Express clearly has a positive stance crypto. In fact, they recently introduced the first crypto product with the Abra Rewards Card. The Abra Crypto Card allows users to recoup cryptocurrencies from their spending. At the same time, users enjoy various Ame benefits such as presales, protection on arrival and travel benefits.
CEO Bill Barhydt’s words hint at further, future crypto products. Personally, I think if the popularity of crypto and Bitcoin continues to grow, this will be a matter of time.
Safely invest in Bitcoin & Ethereum with AMEX
- Credit card details: don’t share your credit card with strangers! That way, you will prevent your credit card from being misused.
- Reliable exchange: link your American Express credit card with a reliable exchange to sell issues.
- Buy wisely: only buy cryptos you know enough about! Many crypto scams exist and you can lose your entire deposit that way.
- Know the risks: only invest with money you can afford to lose in crypto! The volatility means you can lose a lot of money quickly.
- External wallet: send your crypto to an external wallet so you retain full control over your assets.
About American Express
American Express Company (AMEX) is an American multinational company best known for its various credit cards. That AMEX is successful is obvious: in fact, the company is included in the Dow Jones Industrial Average. The company has issued more than 120 million credit cards and users spend an average of $20,000. This makes it good news that you can just use your American Express credit card to buy crypto like Bitcoin & Ethereum!
I myself am a big fan of AMEX: I have had a special credit card for years with which I receive various benefits. For example, I can use the lounges at the airport for free and I save air miles faster. By comparing the different cards from AMEX, you will receive the best deal.
Can you buy Bitcoin with American Express?
You can definitely buy Bitcoin with your American Express credit card. AMEX is sympathetic to crypto & crypto exchanges, so you can trade crypto on an exchange without any problem. At the top of this article, you can immediately see which exchanges are the best places to trade cryptos with your AMEX credit card.