How to Wisely use Credit Cards to Buy Bitcoin

[clover12]

Any ways?  Discuss

[1713987871]

1713987871

[1713987871]

1713987871

[1713987871]

1713987871

[1713987871]

1713987871

[bitmover]

Just Go to coinmama or cex.io and create an account. You can use your credit card on those exchange


Buy only what you can afford to lose. There is no other "wise" suggestion people can tell you

[romero121]

Any ways?  Discuss

https://www.binance.com/m-HomePage.html
You can find the Binance exchange accepting cards for buying bitcoin.

[cizatext]

There are so many exchange site accept the payment for buying bitcoin using credit cards and luno is one of them, the only hindrance to the usage of credit card for purchase of bitcoin is only when you want to buy it directly using the bank but aside that you can buy bitcoin using credit cards through other medium.

[aad140386]

Unfortunately, at the current time, it is almost impossible to buy foreign currencies on stock exchanges without a commission. As far as I know, the commission on different exchanges is in the range of 2-5% for exchanging or depositing funds on the exchange. At one time, depositing money on the EXMO exchange was free, and you could make translate money without a commission and buy a cryptocurrency with a commission of exchange for an exchange of 0.05%. It was beneficial and many did. But after half a year, the free entry of money ended and now there is a commission that constantly changes from 1.5 to 3.5 percent depending on the currency and the time of entry.

[bitbunnny]

I think this is not a problem today anymore. Many exchanges are accepting credit cards for buying Bitcoin and services also, like Wirex. On the other hand credit card providers are not so strict for buying Bitcoin like some banks could be so you don't have to be afraid that you might get some problems or unconveniences because of that. The only thing that is tricky is commision, it's not very cheap. But on the other hand convenience of buying Bitcoin with card has its price so you have to decide what is the best for you.

[clover12]

Let me rephrase the questions

Example 1: What if a person was cash poor and so used a credit card to buy 1 bitcoin ($3577USD). Then bitcoin goes on a downward trend for the next 1 year down to $577.

Now the person is not just $3000 in the hole but the interest rates start coming.... how is that going to pan out for them??? 

Example 2: A person was cash poor and used a credit card to buy 1 bitcoin ($3577). Then they used a second credit card to buy another 1 bitcoin.  And then a third card to buy yet another 1 bitcoin.  The three cards they used are 0% interest for 18 months. After 3 months after buying the 3 bitcoins, price increases. Bitcoin goes up two thousand dollars to $5577. With 3 bitcoins, they now have $6,000 profit. So they cash out. 

[evanescence]

How to wisely use credit cards

Sorry to go full Dave Ramsey on you but you can't. Only spend money you own. Especially when it comes to risky investments.

[eaLiTy]

Let me rephrase the questions

Example 1: What if a person was cash poor and so used a credit card to buy 1 bitcoin ($3577USD). Then bitcoin goes on a downward trend for the next 1 year down to $577.

Now the person is not just $3000 in the hole but the interest rates start coming.... how is that going to pan out for them??? 

Example 2: A person was cash poor and used a credit card to buy 1 bitcoin ($3577). Then they used a second credit card to buy another 1 bitcoin.  And then a third card to buy yet another 1 bitcoin.  The three cards they used are 0% interest for 18 months. After 3 months after buying the 3 bitcoins, price increases. Bitcoin goes up two thousand dollars to $5577. With 3 bitcoins, they now have $6,000 profit. So they cash out. 

You could have added this in your opening thread so that the people who replied above really never understood what you meant or either they did not read properly and just started replying.  My suggestion is to never use credit to purchase bitcoin as it will end up putting you in a hole without a doubt and i personally know some friends who did purchase when the market was rallying and when the crash happened they had to minimize the loss by lessing at an amount feasible. If the market is on a rally then there is not an issue, if not never ever try.