AMEX for Crypto Deposits – See Top 3 Sites

american express logotypeAmerican Express is rather unusual when it comes to crypto deposits. Only two respectable crypto sites allow AMEX at the moment, but Crypto Lists assume this will change over time.

American Express was started as an express mail business in the 1850s and was founded by Henry Wells, William Fargo, and John Warren Butterfield. The company quickly got into the financial sector, but it wouldn’t start issuing credit cards until the 1950s. It would be the first company to create plastic credit cards, and it was considered a premium service. Today, the company still caters to wealthy customers and is known for its high transaction speeds and reliability. However, for the crypto sites offering AMEX there is a 3-4% extra surcharge for them. While user friendly for customers, it is less attractive for crypto exchanges and crypto platforms to offer American Express for funding. Below is a top list of the best crypto sites accepting AMEX.

 

Top 3 sites for buying, selling and trading crypto with American Express

This is the toplist with the best sites to buy, sell or trade cryptocurrencies with AMEX. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button. We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.

eToro
Get inspiration from the markets’ best traders for free! Discover the worlds’ best social crypto trading site, with or without CFDs.
Binance
Largest on crypto. Over 200 cryptocurrencies to trade, both currency exchange with a wallet, CFD trading, staking and much more.
Capital
1-click trading with 500+ cryptocurrencies, excellent usability & flexible leverage.

 

Here are the leading crypto exchanges, platforms and brokers offering funding through American Express.

Summary

American Express is a prestigious credit card that is commonly used by wealthy businesspeople. While it isn’t as widely accepted as Visa, you can use it to make deposits on many crypto exchanges. With it, you can make deposits within one to three seconds. American Express is among the oldest credit card companies in the world and was even the first one to issue plastic cards. When making payments with this card, you usually have to pay a fee of $5 or 3% of your transaction, whichever is higher. Smart and user friendly exchanges and brokers such as Binance and eToro allow their customers to deposit fiat funds into the account. After that you can use it to purchase Bitcoin, Ether or any other cryptocurrency of your choice.

Advantages

+Lots of American Express cards offer cash back rewards.Advantage - logo
+The AMEX card is known for having an excellent customer support.
+It offers cheap currency conversions.
+You can use it to build your credit.
+It has high transaction speeds.

Disadvantages

-AMEX is not as widely accepted as Visa and MasterCard.disadvantage logo
-American Express has quite high fees.
-The eligibility criteria of American Express cards are quite strict.
-Some American Express cards have very high membership dues.
-Like other credit cards, it is a prime target for phishing scams so make sure you are using the correct URL.

What is American Express?

In order to get your American Express credit card, you will have to make an application on the official AMEX website. You will need to add some personal details, as well as your bank details. The company will usually send a response within 90 days. This credit card will allow you to make payments within three seconds, and its fees are fair. It is interesting to note that American Express is both a card issuer and a card network. Its cards also don’t have any predetermined spending limits.

American Express Costs

When making transfers with American Express cards, you will have to pay a fee of $5 or 3% of the transferred amount, whichever amount is greater. In addition to this fee, the crypto exchange may have an extra transaction charge for its service. Make sure you go through the terms of your crypto exchange to determine the total transaction fee of the website.

Transaction speed for American Express

American Express mobile payments are completed within three seconds, and this is extremely fast. This is similar to other credit and debit cards. You can go to the official website of the credit card to find out when your payments are processed.

American Express Crypto Deposits: How To Do It?

1. First, you have to sign into your account on your chosen crypto exchange.
2. You can then navigate to the deposit page and pick the credit card form the list of banking options.
3. Then you can choose your currency and deposit amount.
4. Finally, you can complete the payment by verifying your account.

Which are the main countries where American Express is used?

American Express is a lot smaller than Visa and MasterCard, but it is extremely popular in the USA. Because of the affluence of its users, AMEX has a higher transaction volume than MasterCard in the USA. Other countries where the card is used include the Bahamas, Mexico, Italy, and India. Some places where the card is not accepted at all include South Sudan, Cuba, Syria, and Iran.

Can you withdraw with American Express?

Yes, you can make withdrawals to your American Express card. If a particular website doesn’t support AMEX withdrawals, you will usually need to process the payment via bank transfer.

Reputation of American Express

American Express is one of the most trusted and recognized brands in the world. The card is known for being highly reliable as it always processes payments quickly. The main issue with American Express cards is that it isn’t as widely accepted as other credit cards. People have also complained about the telephone customer support of the credit card. If you can’t use American Express on your crypto exchange, you should consider using Visa or MasterCard. Other cryptocurrencies can also work great as alternatives to American Express.

FAQ

Here are some of the most frequently asked questions about depositing with American Express on a crypto exchange or platform.

Is it safe to use American Express for cryptocurrencies?
It is generally safe to use American Express for deposits on crypto exchanges. However, you need to be careful since phishing scams are fairly common. To prevent such scams, you should avoid clicking links from your email or text messages.

How do I set up American Express?
To get this credit card, you will first need to go to the official website of American Express. Once you find the card that suits you best, you can make the application. You will need to add your personal and bank details, and you’ll get a response within 90 days.

Is American Express instant?
Yes, American Express completes payments in one to three seconds.

When was American Express founded?
American Express was founded in 1850, but its first credit card would be released more than a century later in 1958. The first gold card was issued in 1966, and this one was meant to cater to the travel needs of wealthy customers. Its platinum card debuted in 1984.

Where is the mother company based?
This credit card company is based in Buffalo, New York.

Is Binance the only site allowing purchasing crypto with AMEX?
Although this deposit method isn’t as common as Visa or Mastercard, there are many crypto sites that accept American Express. These include Binance, Coinbase, Paxful, and Abra.

What are the alternatives to AMEX for crypto account funding?
If you want to make deposits using credit cards, you can use popular options like Visa. You can also make quick payments with options like Solana.

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