Post
Topic
Board Economics
Re: Cryptocurrencies and credit cards
by
harizen
on 06/07/2018, 19:14:22 UTC
Hello, I open this post to ask if there is any prohibition or regulation regarding cryptocurrencies and credit cards.

They told me that there is a prohibition on credit cards with cryptocurrencies.

That you could not buy cryptocurrencies with credit.

I use Bank of America. Will I have problems if I use this card to join my Wallets as CoinBase and Poloniex?

Bank of America is one of the banks who ban the used of credit cards from purchasing cryptos from known crypto exchange. Coinbase and Poloniex are popular exchanges and obviously you don't want to face the risks.

Even for let's say there are people who still successfully buy cryptos with BoA issued credit card, it's up to you if you want to face the risks.

Why not try other options instead?