Post
Topic
Board Bitcoin Discussion
Re: Can anyone explain why it is bad to to buy Bitcoin with Credit Card?
by
ChainSmoker
on 17/09/2017, 22:25:08 UTC
I have always seen the Internet advise against it. Although I have made profit in this way.
It's because bitcoin payments are irreversible and the seller can't be sure if the credit card owner will not file chargeback.It also does not help credit card owner too because your credit card company will know what you spend your money on(in this case bitcoin) so you won't be anonymous with bitcoins.