How To Best Buy Crypto Safely With American Express
Mike Harry
Feb 2024
4 min to read
Fact checked
Summary: The best way to buy Bitcoin and crypto with American Express is through a FinCEN regulated exchange like eToro and Uphold. Both these exchanges are suitable for new crypto investors as they are easy to use and get started with. Signup today and make your first deposit, your funds won’t take long to arrive and you can then make your first crypto purchase.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Can I crypto with American Express?
American Express does not offer any services for their customers to buy or sell cryptocurrencies. To buy Bitcoin, Ethereum or other cryptocurrencies, you need to connect your AMEX card to an exchange like eToro and Uphold. The money should arrive swiftly within the same day. and you can then buy Bitcoin (BTC), Ethereum (ETH), or any other crypto.
How to buy crypto with American Express card?
Linking your American Express card to a digital cryptocurrency exchange platform is straightforward, and you can transfer funds without incurring any fees through bank transfer.
Your deposited funds should reflect in your account within a span of one business day, enabling you to begin transactions involving cryptocurrencies such as Bitcoin and Ethereum.
We recommend using platforms like Uphold and eToro as they are regulated by FinCEN in the United States. These platforms are also well-suited for beginners, and they offer a secure environment for trading cryptocurrencies.
Signup in two minutes
1. Create Account: Signup and add your identity verification 2. Deposit Funds: Via your Amex account or credit/debit card 3. Start Buying: Once your deposit has arrived in your account
Does AMEX allow cryptocurrency purchases?
Yes, American Express cardholders can use their card to buy cryptocurrencies like Bitcoin. This can be done by linking one's card to an exchange like eToro and Uphold and making the purchase on their platform. The process is straightforward and can be completed in a few steps. Users will first need to create an account with eToro or Uphold and then add their American Express card as a payment method.
Can I use my Amex card to buy crypto?
Yes, you can use your American Express card to buy cryptocurrencies with exchanges such as eToro and Uphold. The process is similar to buying anything else online, just enter your card details and buy the cryptocurrency you want. Note however that buying cryptocurrencies with card come with higher fees than other payment methods.
Where can I buy crypto using Amex card?
If you’re looking to buy crypto using Amex, there are many platforms to choose from. We recommend using eToro and Uphold because they are both FinCEN regulated, secure and have more than a decade of operational experience. In addition to this, they offer a wide range of higher quality cryptocurrencies like Bitcoin, Ethereum, Solana, Cosmos and others.
Is American Express crypto friendly?
Earlier this year American Express announced its first crypto reward credit card. American Express collaborates with Abra to allow users to earn back crypto on every purchase. Mohammed Badi, President of Global Network Services at American Express had this to say,
“We’re thrilled to combine the strength of our payments network with Abra’s innovation and expertise in crypto. This is a credit card for crypto explorers and enthusiasts alike,”
What is American Express?
American Express(AMEX) has been in business for over 160 years and is today one of the largest and most well-known financial services companies in the world. Amex is headquartered in New York City and offers financial services such as savings accounts, personal cards, payment solutions, loans, and rewards & benefits.
American Express provides a range of products and services that cater to individuals and businesses. Individual customers can benefit from American Express’s range of credit cards which offer rewards such as cash back and discounts. Amex also offers prepaid cards that can be loaded with funds and used for purchases or ATM withdrawals.
In addition to the benefits available to individual users, businesses also benefits from American Express Merchant services that allow them to accept payments from American Express cardholders. Amex corporate program also helps businesses manage their corporate travel in a more efficient and cost-effective way.
Finally, the company also additional services such as travel insurance, car rental insurance, and purchase protection.
American Express have over 60,000 employees in 40 countries across the world. The company generates over $40 billion in revenues and Berkshire Hathaway is an 18% owner in the company.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.
Signup to eToro and Get $10 Bonus (US Only) when you deposit $100! eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.