Bitcoin Forum

I was reading in the last few weeks about brokers and sellers of Bitcoin  can use credit cards to make this purchase. At first I was like this is a bad thing. Thinking it will be abused as the value continues to rise. Well after looking at this I understand all brokers you can fund your account with a credit card, So why not Bitcoin.

I looked at this if you are able to trade the markets you should be responsible to buy Bitcoin on a credit card.

Some exchanges like coinbase accept credit cards. 

Interesting, but credit cards will make us think and think because it will add to our list of debts. Better to pay in cash because it will ease our mind.

This is not bad idea to buy bitcoin with credit card. There should be the way of converting fiat to crypto and vice versa.

You can't really buy more than $50 worth of bitcoin with credit cards, unless you send in pictures of yourself holding the card and ID and even then there is gonna be a limit. If you don't mind getting $50 worth of bitcoin a day then you should be fine.

whenever you want to purchase with fiat (no matter what method of fiat deposit you choose) you will have to send your documents including picture,... to the place you are doing the purchase from. that is not just about credit cards. some places don't even allow you to buy anything if you don't verify your account first.

be careful with your debt. crypto markets are very volatile.

This is a new thing worth trying, and I just heard it. A convenience for credit card users to get Bitcoin. But now there are various similar services that can be used such as Centra and Monaco. 8)

Dude, there are a lot of exchanges already accepting credit cards. But the thing is, you have to verify your identity which is a big hassle if you ask me, so i think it is better if you just go and work for jobs that gives bitcoins or other alternative coins. That way, you wouldn’t have to go through this much hassle.

I think it's not a problem to buy bitcoin with cards. It will same if you're buy with cash as long as you paid your billing cards.

Be careful sending your credit card and ID to people on the internet . Reputable sites like coinbase are a a good way to buy crypto with credit cards, but the quantity is limited.

It may sound expensive to buy Bitcoin using credit card but if try to break it down as to how are you going to pay for it after you received the bill you'll be surprised that credit card offers a low interest rate in payment even if you pay it in installments. If you buy Bitcoins today and buy an Altcoin and you earned 8% profit from it, you can easily pay your credit card bill after a month since credit card companies offers as low as 3.5% interest rate per month on any purchase.

I don't see something suspicious here. Make sure that site where you are using your card is legit and let go ahead :)

Buying anything with a credit card = bad, but of course we all do it. Personally i would never do it with crypto as you are putting yourself under too much pressure. Its like betting on a horse with a CC. Not as risky but close. They are fine to use if you pay off your total balance every month but you will get raped if you don't with their punishing interest rates

You're right, however some places require you to hold your ID and CC by your face and send them a selfie. Others require you simply send a picture of your ID. The second is my preferred way, I hate selfies in the first place and especially sending them to some random exchange is even worse.