Buyin Crypto with Credit card

[alisonwonder]

be really carefull when buying on shady exchanges or websites with credit card, specially for crypto
I'd recommend going only to big known exchanges websites like binance, crypto.com, paxful or uphold for this kind of buy.

remember to use risk management too and don't buy more than you can afford to loose.

I think that when you want to make any transactions you have to be careful, san from the exchange you provided I prefer the Binance exchange to be the best destination for traders and investors who want to buy and sell cryptocurrencies.

[AakZaki]

ATM is not really needed when there is so many places online that you could buy, however credit card buying actually has a higher fee as well so I do not really understand why people want that.

The moment you make your credit card payment you are down something like 3% and that means you have to deal with bitcoin up and downs with that, why not use any exchange that does local transfers which would cost absolutely nothing so you could start with positive instead of negative?

In all seriousness I still think credit card purchasing is a bad way to go, there is no reason why people should be doing something like that, but if you really want to do Coinbase type of famous places are the only way to go, otherwise you are risking your first entry to crypto world by shady places where you give your credit card info.

Using a credit card does have a higher fee but some people like it. and bitcoin ATMs are also not needed when buying bitcoin can be done online on many platforms, especially on the P2P binance platform which will make it very easy for users to buy bitcoin and other altcoins and also include stablecoins such as USDT.

why do you have to use the hard way when there are other ways that are more flexible and more efficient and the costs required are very cheap, even the Binance p2p platform without additional fees or Zero Fee.

[jerry0]

Isn't the issue with this many sites won't accept it due to chargeback? 


Also but main reason is the fees right?  Because if no fee, wouldn't it make sense since lot of ppl get cashback with their credit cards?

[boyptc]

Isn't the issue with this many sites won't accept it due to chargeback? 


Also but main reason is the fees right?  Because if no fee, wouldn't it make sense since lot of ppl get cashback with their credit cards?

The fees are right.

But there are these people that prefer to use their credit cards for buying bitcoin or any altcoin of their choice. I've seen good exchanges that allows this but be ready for the fees.

It's better to mention the used exchanges that won't allow this or has some problems faced upon top up.

[MiningBattalion]

You can use of localcrypto to buy Ethereum and bitcoin.It provide a best service with the trusted escrow service.Only thing is you need to pay a escrow fee and gas fee.Even it include of both,you will get of profit by selling at good rate.Don't try of paypal or pioneer in that website,since you need to release as soon as you was paid.

[tbterryboy]

Does anybody know a place where i can buy bitcoin with credit card. I have tried so many websites but it always declines. Who knows a good place where i can buy. NB: I have tried Binance also

Poloniex is one such exchange that I can recommend for buying crypto using credit card. And just like with many such places which will need to partnership with payment processors there might be a fee and perhaps a minimum also. Best to search which ones give you the best of these before buying. Good luck.

Not sure about Poloniex because I haven't used that exchange for almost an year or even more since I joined Binance recently and I never felt the need to switch the exchange ever again.

I can recommend a service too which is MoonPay because they are being listed on stake.com and for those who don't know stake is the biggest casino and sportsbook in crypto so if they are suggesting a particular website for purchase of bitcoins with credit card the you should trust them. I have never used it myself though so I am not sure but surely as they are listed on stake I trust them, just that I never felt the need to buy bitcoins with card because I often use Paypal and have some fixed people who sell.

[FanEagle]

Does anybody know a place where i can buy bitcoin with credit card. I have tried so many websites but it always declines. Who knows a good place where i can buy. NB: I have tried Binance also

Lol what type of card are you making use of that would make Binance reject your card? Is it a well-known card like MasterCard and Visa? And also you have to understand that you if the card is a local card and you’re trying to use it to buy from Binance, it’s not going to work.

In my country there are three main types of cards that we use, and only two can work on an international level; you can use them to buy from international websites, and also purchase whatever you want online, but the other one only works locally and if you try to use it on sites like Binance, it wouldn’t work.

So, check if it’s something like that. If that’s not the case, it might be a problem with your bank, or you can try using other methods to buy.

[l3pox]

make sure to check extra fees and taxesfor credit cards too.
In Brazil, as an example, any purchase on credit card that is not directly made in BRL has a 6.38% IOF tax (financial operation tax). this is valid for dollars or any other currency.

it'd be usefull to know OP's country to provide more information.

[barbara44]

be really carefull when buying on shady exchanges or websites with credit card, specially for crypto
I'd recommend going only to big known exchanges websites like binance, crypto.com, paxful or uphold for this kind of buy.

remember to use risk management too and don't buy more than you can afford to loose.

I would actually rather prefer buying from a local seller via Localbitcoins because I know them and if any problems occurs I can always contact them. But these websites that offer purchase with credit card are risky. Yes, Binance I can trust if they offer such services because they are a established exchange but these new websites that are coming in the market and offering such are never the best option.

Also but main reason is the fees right?  Because if no fee, wouldn't it make sense since lot of ppl get cashback with their credit cards?

Well, fees should not be a problem because buyer is able to pay the reasonable fees but the problem of charge back is real because one can claim he lost his card and there are unauthorized transactions being made with his card and hence resulting in the reversal of the transaction while the BTC sent cannot be reversed at all.

[gospelzm]

Buying with a credit card you pay higher fee but it still makes sense when you need it done fast or buy a small amount. Besides, there shouldn't be KYC if you buy from the service you already bought from. At least this is how it works for me when I buy from Ownr wallet, I pretty sure it's similar for most services.

[Marina5]

If buying Bitcoin with a credit card is not an urgent need, I would say you can buy it from a local client. It is safe and affordable at the same time. Moreover, not all countries have bitcoin legalization. In addition, you can check if your card is prepaid or not. Because many platforms do not support prepaid cards.