How to Buy Monero with a Credit Card – Your Top 3 Options

Monero has attracted interest within the cryptocurrency community because it features many built-in privacy protections that other cryptocurrencies lack. With Bitcoin, for example, every person you transact with can potentially find out how much Bitcoin you have. With Monero, you can’t.

Monero’s egalitarian mining algorithm is another benefit. Because Monero is designed to allow ordinary PCs to contribute computer processing power to the Monero network, it’s easier for average people to mine. Bitcoin and many other cryptocurrencies favor miners that can afford to invest in expensive custom-built computer chips called ASICs (Application Specific Integrated Circuits) that are specifically designed for mining.

Several of the major digital currency exchanges now support Monero. Keep reading to learn how you can buy Monero with a credit card.

How to Buy Monero with a Credit Card

The quick and easy way

The fastest and easiest way to invest in Monero is through Changelly. Though Changelly’s fees are somewhat high and its features are basic, Changelly’s big advantage over other exchanges is that it’s very convenient and easy to use.

On Changelly, you can do everything you need to do to get Monero directly on the site. On most other exchanges, the process for buying Monero requires several additional steps that require the use of a second digital currency exchange.

Changelly doesn’t support American Express cards, but it does accept both Mastercard and Visa. (Because Mastercard tacks on 4% extra for cryptocurrency purchases, Visa is probably the best card to go with for your purchase if you have both.)

For frequent traders

If you plan on doing a lot of trading, you may want to go with a more sophisticated digital currency exchange that offers discounts to frequent traders, along with other features like leveraged trading and multiple order types.

There are two steps you have to accomplish if you want to use a more advanced exchange to buy Monero. First, you have to buy Bitcoin through an exchange that supports credit card Bitcoin purchases. Once you have some Bitcoin, you can then trade in your Bitcoin for Monero.

Abra, CoinMama, CEX.IO and BitStamp all support Bitcoin credit card buys. Poloniex and Binance do not support credit cards, but they do let you trade Bitcoin for Monero.


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Source: CoinIQ

As mentioned above, Changelly provides the easiest way to quickly purchase Monero with a credit card.

To buy Monero on Changelly, the first thing you have to do after you create an account is purchase some Bitcoin. Changelly charges a 5% fee for buying Bitcoin with a credit card– so if you make a $200 Bitcoin purchase, you have to pay $10 in fees. There’s also another 5% fee that you have to pay to Changelly’s processor, Simplex. Once you have some Bitcoin, you can trade it in for Monero right on the Changelly site. The price you have to pay for that convenience is yet another 0.5% fee.

The Bitcoin boom of 2017 helped Changelly attract a slew of new customers that were looking for a quick and easy way to make a small investment and hold onto it.

In a recent post on Medium, Changelly CEO Konstantin Gladych revealed the extent of the Changelly’s rapid growth:

“At the market peak in December, the number of transactions to process increased from 5,000 to 25,000 daily and formed a backlog. Over only 24 hours, Changelly has reached 35,000 new user registrations. As of today, there are over 1.5 million (!) users registered on Changelly.”

Anyone in any part of the world can use Changelly. However, before you join you should check to find out if Changelly is legal in your country or US state. Changelly’s management has opted to let their users decide whether or not they should use their exchange. They do not use geographic filters to block anyone from signing up.


  • 0.5% commission fee
  • Variable network processing fee to cover Monero transactions.

Supported credit cards

  • Visa and Mastercard

Getting started

Here’s a quick view of what Changelly’s interface looks like.

The first step of the process is creating an account. Use your Google+, Facebook or Twitter credentials or type in your email address to get started.

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Source: CoinIQ

After you have an account, click the Buy Bitcoin with Credit Card button.

Source: CoinIQ

Next, select USD. Then, click the second drop-down box and select BTC.

Source: CoinIQ

Once you’ve got some Bitcoin, you can trade it in for Monero using the drop-down boxes depicted below.

Source: CoinIQ

And that’s pretty much all there is to it. Just follow the instructions provided by the Changelly wizard to complete your purchase.

More information

Changelly stands out in the world of digital currency exchanges because it does not hold onto its customers’ assets. Instead, it processes each transaction immediately. During an order, the exchanged amount only passes through Changelly briefly. After the transaction is complete, the final amount is deposited right into the customer’s wallet.

Read the in-depth review linked below to learn more about how Changelly works.

Related: Changelly Review: Quick and Easy Trades but No Advanced Trading


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Source: CoinIQ

As mentioned above, Poloniex is an advanced digital currency exchange. It supports many different cryptocurrencies, but no fiat currencies– and it does not accept credit card payments. You will need to buy Bitcoins elsewhere and exchange them for Monero on Poloniex’s exchange.

The biggest advantage of using Poloniex instead of Changelly and other retail digital currency exchanges is reduced fees. Changelly charges a 0.5% fee for every type of transaction you make. Poloniex, on the other hand, charges only 0.15% for trades that add liquidity and 0.25% for trades that remove liquidity. The more you trade, the less you pay in fees.

Poloniex is available in 100+ countries. Most people in the US can use Poloniex, but not residents of New York, New Hampshire or Washington.


  • Fees start at 0.15% maker, 0.25% taker and decrease from there, depending on how much currency you’ve traded in a 30-day period.

Supported credit cards

  • None.

Getting started

If you want to use your credit card to fund your Monero purchase, you have to use a roundabout method if you plan on using Poloniex. As mentioned above, you have to buy your Bitcoin on an exchange that supports credit card buys (Changelly, Abra, CoinMama, CEX.IO, BitStamp, etc.). Read the guide linked below if you need help.

Related: How to Buy Bitcoin with a Credit Card – Your Top 6 Options

Once you have some Bitcoin, you can trade some in for Monero. Here’s a quick view of what that process looks like.

First, you have to create your Poloniex account.

Source: CoinIQ

Once you’re logged in, you’ll see the screen depicted below. Click XMR in the Markets box to display a chart that shows the price of Monero vs. Bitcoin.

Source: CoinIQ

If you scroll down a bit, you’ll see three boxes: BUY XMR, STOP-LIMIT and SELL XMR.

Before you can buy Monero, you’ll need to make a BTC deposit. So, click Deposit BTC to transfer your Bitcoin funds into Poloniex.

Source: CoinIQ

Here’s what Poloniex’s deposit screen looks like.

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Source: CoinIQ

Before you do anything on Poloniex, you have to submit your KYC (Know Your Customer) information. Information that you’ll need to provide includes address, date of birth, and photos of a government-issued identification. You must also submit an identity verification photo, which is essentially a selfie that documents your application.

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Source: CoinIQ

On Reddit, Poloniex users have reported that verification turnaround time can range from 12 hours to several days.

More information

In recent months, Poloniex has attracted some big investors. At the end of February 2018, Circle Internet Financial bought Poloniex. Circle is a mobile payments company backed by Wall Street giant Goldman Sachs. Read our full review to find out what the recent merger could mean for Poloniex customers.

Poloniex Review: Large Basket of Coins and Wall Street Backing


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Source: CoinIQ

Binance is very similar to Poloniex in that it’s an advanced exchange that doesn’t support any type of fiat currency funding. You have to use a different platform to buy Bitcoin, and then transfer your funds into Binance before you can buy Monero.

Like Changelly, Binance experienced extremely rapid growth in 2017. Binance’s founder and CEO Changpeng Zhao became a billionaire in less than six months and made the cover of  Forbes in February 2018.

Though Binance is new, it has a good reputation and security record so far. In March 2018, hackers attempted to issue sell orders from hundreds of accounts that they had broken into using phishing attacks. Thanks to Binance’s automated security system, the hacks were unsuccessful. Following the failed heist, Binance offered a bounty of $250,000 USD worth of BNB and set aside $10,000,000 to finance future bounties.


  • 0.1% base trading fee (discounts available for trades involving Binance Coin).

Supported credit cards

  • None.

Getting started

The process for buying Monero on Binance is similar to the process for buying Monero on Poloniex. However, there is one important difference. With Binance, you don’t need to go through a lengthy verification process to unlock standard features. As soon as you create an account, you can deposit and withdrawal funds.

As is the case with Poloniex, the first step in the process involves buying Bitcoins offsite. Read the guide linked below if you need help buying Bitcoin with a credit card.

Related: How to Buy Bitcoin with a Credit Card – Your Top 6 Options

Here’s a quick look at what Binance’s interface looks like.

The registration form is standard. Provide your email address and a password, then click Register.

Source: CoinIQ

Next, drag the puzzle piece into the hole to confirm that you’re not a robot.

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Click the orange boxes on the right to confirm that you understand the safety risk notice.

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Unlike Poloniex, Binance lets non-verified users make deposits and withdrawals. Non-verified users can withdrawal the equivalent of 2 BTC every 24 hours. Verified users can withdrawal up to 50 BTC. There are no limits on deposits.

Use the Funds drop-down menu to get to the Deposits page.

Source: CoinIQ

Next, type in BTC and then select Bitcoin.

Source: CoinIQ

If you want, you can use a QR code instead of a deposit address to make your BTC deposit.

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Source: CoinIQ

Once you’ve added some BTC to your account, you can buy XMR. Click Exchange to proceed to the trading interface. There are two interface options available: basic and advanced.

Source: CoinIQ

This is what the basic version of the interface looks like. Select the BTC button on the right side of the screen, then click XMR/BTC. This will bring up a chart that shows the price of Monero vs. Bitcoin.

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Source: CoinIQ

When you’re ready to make your purchase, type the amount of XMR you want to buy into the BUY XMR box.

Source: CoinIQ

More information

One reason why Binance became so popular so fast could be that its fees are extremely low. Instead of offering discounts to high volume traders, Binance places a small 0.1% fee on every trade. Even lower rates are available to traders that use Binance’s official coin to facilitate their transactions. Read our in-depth review to find out more about how Binance’s fee system works and learn where it’s available.

Related: Binance Review: Fastest Trades but No Fiat Currencies

Final Thoughts

If you want to buy Monero with a credit card, the best solution for newbies is Changelly. Changelly lets you quickly buy Bitcoin and then convert your Bitcoin into Monero. Most other exchanges that support Monero don’t accept credit cards payments or fiat currency funds of any kind. Because Changelly is a retail exchange, it’s very easy to use. The fees are much higher compared to professional exchanges, but if you only want to buy a small amount of Monero and hold onto it, the convenience could be worth the cost.

Frequent traders may want to consider buying Monero on Binance or Poloniex. Both exchanges have features that Changelly doesn’t support, like real-time charts, advanced order types and margin trading. Though you have to use a somewhat roundabout method to make purchases on Biance and Poloniex if you plan on using a credit card, this added hassle is worth it if you plan on placing trades on a regular basis.

Alex Munkachy

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