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Author Topic: Cryptocurrency Banned by Mastercard?  (Read 173 times)
Kongxx (OP)
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August 02, 2019, 12:03:52 PM
Last edit: August 02, 2019, 02:37:25 PM by Kongxx
 #1

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.
OmegaStarScream
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August 02, 2019, 12:14:39 PM
 #2

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.

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mohdk52
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August 02, 2019, 12:19:54 PM
 #3

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
DooMAD
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August 02, 2019, 02:18:49 PM
Last edit: August 02, 2019, 02:44:07 PM by DooMAD
 #4

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?

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Kongxx (OP)
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August 02, 2019, 02:39:26 PM
 #5

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.
PuertoLibre
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August 03, 2019, 01:22:17 AM
 #6

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).
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