To buy Bitcoin with an American Express card, find a third-party cryptocurrency exchange such as Paxful or LocalBitcoins that accepts Amex cards and open an account. Just bear in mind that American Express has a limit of $200 in Bitcoin purchases per day and $1,000 per month.
The process and cost of buying Bitcoin with an American Express card varies, depending on the exchange platform you choose. The Paxful and LocalBitcoins fees for credit card transactions are 1%, for example, whereas exchanges like Coinmama charge up to 5%.
American Express is one of the few credit card issuers that allows you to purchase Bitcoin and other cryptocurrencies with a credit card. Bank of America and Citibank are among the issuers that had permitted the practice but have since banned all cryptocurrency purchases. Capital One does not allow cardholders to use any of its cards for Bitcoin or other transactions involving cryptocurrencies.
That said, some exchanges – such as Coinbase – no longer allow customers to link any credit card. Instead, most exchanges will accept online bank transfers, wire transfers, and debit cards.
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