Using credit cards to buy bitcoin in the bull run

[zhekinsp]

If you want to be a richest person in your life you definitely need to take some risk involved in it with your investment because if you don't have any money in your hand while the development of the Bitcoin is happening you can definitely use the credit card to invest in it.

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[semobo]

If you were going to do this, what card would you use?

Do any credit card companies have restrictions on bitcoin purchases?

Which cards offer incentives and bonus dollars for purchases?

it is based on your own risk but Bitcoin is always portable so that we can definitely try some respect to buy Bitcoin and get profit because we had you chances available in this time for getting huge milestone from the development of Bitcoin so I think we can definitely take some risk in Bitcoin investment.

[Oilacris]

If you were going to do this, what card would you use?

Do any credit card companies have restrictions on bitcoin purchases?

Which cards offer incentives and bonus dollars for purchases?

it is based on your own risk but Bitcoin is always portable so that we can definitely try some respect to buy Bitcoin and get profit because we had you chances available in this time for getting huge milestone from the development of Bitcoin so I think we can definitely take some risk in Bitcoin investment.

Bitcoin doesn't really need any respect yet investment does matter with our own decisions either cryptocurrencies or traditional investment we know.
Buying anytime would really be depend on yours.

[BennyK]

As far as I know, there are still some companies which issue credit cards or smart cards and are compatible for the purchase of Bitcoin. Bitrue and Amon are among the few companies that issue smart cards for the purchase of Bitcoin and other cryptocurrencies.

[shoreno]

If you were going to do this, what card would you use?

Do any credit card companies have restrictions on bitcoin purchases?

Which cards offer incentives and bonus dollars for purchases?

it is based on your own risk but Bitcoin is always portable so that we can definitely try some respect to buy Bitcoin and get profit because we had you chances available in this time for getting huge milestone from the development of Bitcoin so I think we can definitely take some risk in Bitcoin investment.

Bitcoin doesn't really need any respect yet investment does matter with our own decisions either cryptocurrencies or traditional investment we know.
Buying anytime would really be depend on yours.

how dare you dont respect bitcoin . everyone here on crypto world respects bitcoin because bitcoin is doing his job to provide its followers a good income . investing in bitcoin should depend on your own risk and not by others because that is your own money and not thiers  but you should only invest what you can afford to loose because bitcoin is way too volatile and verry unpredictable . you can loose big and win big if ever your lucky on your decisions  .

[semobo]

If you were going to do this, what card would you use?

Do any credit card companies have restrictions on bitcoin purchases?

Which cards offer incentives and bonus dollars for purchases?

it is based on your own risk but Bitcoin is always portable so that we can definitely try some respect to buy Bitcoin and get profit because we had you chances available in this time for getting huge milestone from the development of Bitcoin so I think we can definitely take some risk in Bitcoin investment.

Bitcoin doesn't really need any respect yet investment does matter with our own decisions either cryptocurrencies or traditional investment we know.
Buying anytime would really be depend on yours.

how dare you dont respect bitcoin . everyone here on crypto world respects bitcoin because bitcoin is doing his job to provide its followers a good income . investing in bitcoin should depend on your own risk and not by others because that is your own money and not thiers  but you should only invest what you can afford to loose because bitcoin is way too volatile and verry unpredictable . you can loose big and win big if ever your lucky on your decisions  .

But we need to remember that when we are buying bitcoin with credit cards then it is not our own money since we are supposed to payback later which can be quite dangerous as well if the profits expected not meeting the reality.

[el kaka22]

If you were going to do this, what card would you use?

Do any credit card companies have restrictions on bitcoin purchases?

Which cards offer incentives and bonus dollars for purchases?

Many people already said it but I want to add on top of it and say that never do this. Buying crypto with credit card is the most idiotic thing there is and nobody should do it. Let alone credit card even if you have cash at hand you should make sure that you are fine with losing that amount before you invest it, if I am telling you to make sure you do not need the money you already have to invest then you should understand why you should not invest the money you actually don't have and buy crypto with credit cards.

You may see this as a risk that you are welcoming and "at worst what could happen" but I am telling you it is very risky and could turn sideways very quickly, maybe your investment won't go down too much but when you urgently need money crypto is not easy to get your hands on and you will want to use your credit card for it instead.

[xSkylarx]

If you know and trust someone who offers peer-to-peer exchange to buy bitcoin then imo it's better to buy there than buying directly on exchange via credit card payment. Buying a large amount on exchange has huge fees compared to p2p. So if you do p2p you can buy more than what you can buy on exchange.

[Apes]

has anyone ever done this, I once thought of doing this but this step is very risky, without having to do mathematical calculations, if you investing when the price still 6-7K and are sold now the interest costs can already be closed and you get a lot of profits. but if investing using a credit card at this time I am very worried if suddenly the price colapse.

[Ucy]

I remember the purchasing of bitcoin with credit card was banned by some/most card card companies either in 2017 or 2018. Besides, buying bitcoin with borrowed money is quite a reckless behavior. I strongly advise against it.

[atjiat]

Since many hamsters are eager to make money, Bitcoin will not be purchased directly with a credit card, but through intermediaries.  Today, there are a lot of resources where you can buy cryptocurrency by withdrawing funds from bank cards.  This is no longer a problem.

[akram143]

Definitely this is the opportunity for everyone if you take some rest you will be very happy in your future because we all know that cryptocurrency investment are developing now so that you need to take some risk in your life if it was here also you will not been very upset with that that this is simple thing

[creeps]

If you were going to do this, what card would you use?

Do any credit card companies have restrictions on bitcoin purchases?

Which cards offer incentives and bonus dollars for purchases?

Cards that you will use depends on your country and depends on the cards that you have. There’s a restriction on the cards here where you can’t use it on any casinos, buying jewelries or use it on online gambling so if you directly use your cards then it might be put on red flags. Anyway, i don’t want to use this option because of a slow process and so many things to do its also not convenient i’d rather loan to my friends with zero interest.

[Sithara007]

I would avoid buying bitcoin with credit card - not because of restrictions, but because all exchanges have extra fees on crypto purchases with credit cards. I know for Bitstamp, Coinbase and Crypto.com app.
Bitstamp has 5% fee on credit card purchase, Coinbase 3.99%. If you top up your account via Bank transfer, it's zero fee on both mentioned exchanges.
The only scenario in which I would consider purchasing with credit card is when bank transfer takes too long (deciding to buy on Friday but bank is closed so bank transfer will be done on Monday) or I expect Bitcoin price to increase more then 6% in a day so it's better to pay 5% fee than buy Bitcoin at 6% higher price the next day when bank transfer arrives.

And how safe are these options? If I use CC for purchasing Bitcoin, is there a chance that my credit card will get frozen or blocked? Can the same happen to my savings bank account if I try to purchase cryptocurrency? I have never used these two options, and therefore I am curious. The last time I purchased crypto was in 2014, and back then I used P2P.

[Pumapipa]

I do hope that companies like Paypal can also do this. But I guess if companies like mastercard and visa will make this cryptocurrecny purchase, then  I think it will defeat the concept of decentralization and anonymity. These companies will track down the purchasing behavior of people when it comes to bitcoin, making it easier for them to come after these whales had it been proven that they are doing this.

[harizen]

And how safe are these options? If I use CC for purchasing Bitcoin, is there a chance that my credit card will get frozen or blocked? Can the same happen to my savings bank account if I try to purchase cryptocurrency? I have never used these two options, and therefore I am curious. The last time I purchased crypto was in 2014, and back then I used P2P.

Transactions are done in a secure environment. Just always deal only with the reputable exchanges.

Is there a chance that your credit card will be blocked? It depends on your credit card provider. Usually, some banks do have their own terms regarding crypto related purchase. So before using any credit card to make some purchase in a crypto related service, make some research first about the involved terms as you might be surprised that your credit card is now on hold.

[rose9696]

If you were going to do this, what card would you use?

Do any credit card companies have restrictions on bitcoin purchases?

Which cards offer incentives and bonus dollars for purchases?

I will definitely use Paypal and Visa card. Because it is one of the reputable businesses and they serve a lot of customers, they will definitely sell and buy at very reasonable prices.
I am waiting for them to launch crypto buying and selling services, I will save much more money and time in trading between fiat money and crypto.

[semobo]

If you were going to do this, what card would you use?

Do any credit card companies have restrictions on bitcoin purchases?

Which cards offer incentives and bonus dollars for purchases?

I will definitely use Paypal and Visa card. Because it is one of the reputable businesses and they serve a lot of customers, they will definitely sell and buy at very reasonable prices.
I am waiting for them to launch crypto buying and selling services, I will save much more money and time in trading between fiat money and crypto.

If you are having money in paypal then you can actually trade it for fiat even now by using curreny exchange but it is not OP asking.

Will you make investment on crypto currency using credit car means the lend money which has high risk.

[therwtonn]

I think you can make use of any credit cards or debit cards to make purchase of Bitcoin from any crypto exchange of your choice. But I have never done such a thing before cause I'm trying to be very careful. I don't want to leave traces that shows that I'm buying and selling Bitcoin in any way. So I make use of local exchanges, I pay them and they send the Bitcoin direct to my crypto wallet. Whenever I want to sell my Bitcoin I also do the same, I go to a local exchange and I sell my Bitcoin to them and they make payments to my bank account. That way the bank will think it's just a normal transaction. But you know what's safe in your country, just do that.

[yusupjatigumilar]

I think buying bitcoin using a credit card is not very attractive to me because it incurs a large transaction fee between 3% -6% depending on the credit card and the exchange party. So I prefer to buy bitcoin by using a bank transfer because the cost is not too large so I can get more profits.