Bitcoin Forum

Economy => Exchanges => Topic started by: Kongxx on August 02, 2019, 12:03:52 PM



Title: Cryptocurrency Banned by Mastercard?
Post by: Kongxx on August 02, 2019, 12:03:52 PM
Is cryptocurrency banned by MASTERCARD?

I tried to use Mastercard to buy coins on several sites but all failed. Simplex advised to use Visa card.

I had no problem using my debit Mastercard before this.


Title: Re: Mastercard Banned on Cryptocurrency?
Post by: OmegaStarScream on August 02, 2019, 12:14:39 PM
It should be possible to do so. There is no reason to use Simplex anyway, as they're fees are extremely high.

Try some of these exchanges (depending on your location): Coinbase, Coinmama, BitPanda or CEX.io.


Title: Re: Mastercard Banned on Cryptocurrency?
Post by: mohdk52 on August 02, 2019, 12:19:54 PM
And I and all my friends use Visa to buy crypto. I think it is easier for you to find such a card than to make a payment through MasterCard


Title: Re: Mastercard Banned on Cryptocurrency?
Post by: DooMAD on August 02, 2019, 02:18:49 PM
My understanding was that it makes a difference whether you are using a credit or debit card.  Quite a few banks banks won't allow their customers to buy cryptocurrencies on credit.  Shouldn't make a difference whether it's visa or mastercard, as long as you use debit.

//EDIT:  Okay, you've edited the OP to clarify it is a debit card.  Not sure what else to suggest, then.  Do you maybe live somewhere the US have imposed sanctions on?


Title: Re: Mastercard Banned on Cryptocurrency?
Post by: Kongxx on August 02, 2019, 02:39:26 PM
It should be possible to do so. There is no reason to use Simplex anyway, as they're fees are extremely high.

Try some of these exchanges (depending on your location): Coinbase, Coinmama, BitPanda or CEX.io.

Failed on CEX.IO as well.


Title: Re: Mastercard Banned on Cryptocurrency?
Post by: PuertoLibre on August 03, 2019, 01:22:17 AM
It should be possible to do so. There is no reason to use Simplex anyway, as they're fees are extremely high.

Try some of these exchanges (depending on your location): Coinbase, Coinmama, BitPanda or CEX.io.

Failed on CEX.IO as well.
I used my MasterCard on Cex.io a few days ago and everything works fine. Maybe there is an online spend limitation by the card-issuing bank. In this case, try Skrill and convert Skrill USD to the Bitcoin with services like Bitpanda and Wirex(service has high fees AFAIK).