Post
Topic
Board Economics
Re: Cryptocurrencies and credit cards
by
electronicash
on 09/07/2018, 02:41:48 UTC


visas can buy crypto on exchanges, I see some of them are accepting it.  you can go over to different exchange to check it manually, HitBTC is just one that I know.

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?

Obviously will depend on the bank.

I would definitely advise against trying to link your credit card to coinbase if your bank have explicitly stated that credit cards from their bank are not allowed to be used in the purchase of bitcoin. Even if it does work on coinbase's end, it could potentially mean that your card will get disabled or something of that sort by the bank, which is something that you don't want.

This is part of the reason why working with bitcoin is much easier and safer than working with banks of this sort. This doesn't just happen with credit cards but even bank accounts in general. A lot of banks disprove transactions to and from known bitcoin services altogether.

about disabling your bank account is something i don't know. that's scary thing to happen when you do it with credit cards and so they say investing is risking.