Cryptocurrencies and credit cards

[nur rochid]

Some of them don't allow buying cryptocurrencies via credit cards, and you already should not do it, just use your bank account to deposit money instead of using credit cards.

i think can be tricked by withdrawing cash and credit card stored in the bank, then can used to buy cryptocurrency, i think the result can be to pay interest from credit card

[gabmen]

Hello, I open this post to ask if there is any prohibition or regulation regarding cryptocurrencies and credit cards.

They told me that there is a prohibition on credit cards with cryptocurrencies.

That you could not buy cryptocurrencies with credit.

I use Bank of America. Will I have problems if I use this card to join my Wallets as CoinBase and Poloniex?

Well not all banks have a hard stand against bitcoin and going so far as prohibiting debit card transactions. Well not yet that is. Bitcoin will take customers away from banks so there's a high chance that any bank transaction will be prohibited if it's linked to crypto.

[Soots]

Hello, I open this post to ask if there is any prohibition or regulation regarding cryptocurrencies and credit cards.

They told me that there is a prohibition on credit cards with cryptocurrencies.

That you could not buy cryptocurrencies with credit.

I use Bank of America. Will I have problems if I use this card to join my Wallets as CoinBase and Poloniex?

purchasing crypto with my credit card we will not have a problem because all will be paid in accordance with financial ability only, no problem in my opinion, provided you pay at the bank time tepar so able menyicil tangungan without any additional burden again because too late, hopefully useful and successful for all of us

In that case it all depends on the crypto to buy, when they need a kyc  then that's a problem if ever credit cards wasn't accepted. Some developed western countries wouldn't allow credit cards to be used to purchase cryptocurrency specially an ICO project, because there's a regulations between fiat banking and the authority. Hopefully we'll be able to find comfort that cryptocurrency will become legally be used as long as you're financially capable to hold a digital assets.

[SunJAB]

It changes from banks to banks and country to country. In my country banks do not approve the buying crypto currency with credit cards.

Of course the bank does not accept the transaction. Buy and sell electronic money through credit cards. If any country has already applied to the market then design them together into a composite card. Easy to manage and capture the situation for faster transaction.

[jane05]

It changes from banks to banks and country to country. In my country banks do not approve the buying crypto currency with credit cards.

Of course the bank does not accept the transaction. Buy and sell electronic money through credit cards. If any country has already applied to the market then design them together into a composite card. Easy to manage and capture the situation for faster transaction.

This tells that bank really not supporting cryptocurrency because there are no physical value involve but crypto runs through internet and electronic.

[Mhd-Bobbi]

Hello, I open this post to ask if there is any prohibition or regulation regarding cryptocurrencies and credit cards.

They told me that there is a prohibition on credit cards with cryptocurrencies.

That you could not buy cryptocurrencies with credit.

I use Bank of America. Will I have problems if I use this card to join my Wallets as CoinBase and Poloniex?

Who says there is a term cryptocurreny forbidden, I don't find that you say that there is a ban, is there a source that you say?

[Dreamr]

Hello, I open this post to ask if there is any prohibition or regulation regarding cryptocurrencies and credit cards.

They told me that there is a prohibition on credit cards with cryptocurrencies.

That you could not buy cryptocurrencies with credit.

I use Bank of America. Will I have problems if I use this card to join my Wallets as CoinBase and Poloniex?

No. the majority of credit cards are working with CoinBase, BitFinex, and crypto.com - often people are just scared of cards failure to connect with major exchanges not knowing they just working fine.

[andika2018]

As far I know, there is no restriction buying cryptocurrency using credit card. Many people already use credit card for buying crypto. I am believe in near future, credit card will collaborate with crytocurrency

[fasdorcas]

I believe that with Coinbase you can buy Bitcoins with a credit card to get it immediately. So yes, you can.

For people who live in USA there is always coinbase option that you can get crypto with credit card but do not forget that your bank will ask for that payment eventually whereas if your coins fall (which recently they have been) it won't be capable of paying easily. You will be both down on your crypto investment and you will be forced by the bank to pay that. On all other banks most of the times banks allow you to withdraw from you credit card just like a payment to some shop.

You withdraw cash from an ATM and you get that money put it in some other account and buy crypto with that, a bit more challenging and more effort put into it compared to coinbase option but until coinbase opens up in your country or someone else allows that option that is the only way.

[chairmanMao]

This is the right way, and the risk of credit card purchases of cryptocurrencies is very high. This is an incorrect investment method. Even if the market is really bullish, you still can't use it. Credit cards cannot be used to invest in risky projects. The bank does not want to have problems with the funds.

[believe in BTC]

Hello, I open this post to ask if there is any prohibition or regulation regarding cryptocurrencies and credit cards.

They told me that there is a prohibition on credit cards with cryptocurrencies.

That you could not buy cryptocurrencies with credit.

I use Bank of America. Will I have problems if I use this card to join my Wallets as CoinBase and Poloniex?

Who says there is a term cryptocurreny forbidden, I don't find that you say that there is a ban, is there a source that you say?

Spreading false news is a wrong act and must be dealt harshly. The person who is spreading such news should be punished so that this flow of fuds could be taken down. be aware of such news.

[Shiversnow]

Depends on the country and bank. I think bank of america does not allow crypto trades so you will not be able to do it. However, it might be possible with one of the smaller american banks instead.

Actually, some banks in other country allow you to use your credit to buy cryptocurrency especially bitcoin. Coinbase is a online wallet which allow the user to use their credit card to buy bitcoin and ethereum. Most of the bank in America always support cryptocurrency because they know how this thing help then to gain more funds.