It is better than what most people buy on credit cards. BTC > tvs, high end clothes, and expensive cars. At least btc has a chance to go up in price while those consumer goods do not. Plus you can always just claim bankrupt if things go horribly wrong.
Using your credit card for good investment, why not? It's far better than using it with other things like that and it's true that there's always a good chance to compensate with this move if you will get in and buy Bitcoin while it's moving in a good position. 
Topic: Using credit cards to buy bitcoin in the bull run - page 4. (Read 8114 times)
It is better than what most people buy on credit cards. BTC > tvs, high end clothes, and expensive cars. At least btc has a chance to go up in price while those consumer goods do not. Plus you can always just claim bankrupt if things go horribly wrong.
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 do think its great idea to purchase as much as bitcoin right now. But i dont think its good to invest by using a loan. There is still a risk in your investments even though we do see market are about to recovery, before investing we need to think about the risk and for the worst scenario. The worst scenario if you buy bitcoin using a loan and bitcoin price drop is you might not be able to pay your loan and you might lose a great amout of money which is something that you cant afford to lose. Just keep in mind everytime investing, high risk high return. Do any credit card companies have restrictions on bitcoin purchases?
Which cards offer incentives and bonus dollars for purchases?
I think that buying Bitcoin by credit card is a great idea, I do it at this website: buycoinnow.com. You don't have to register here, so it is quick and simple. I find it also safe, because they don't need your personal data, it is completely anonymous. Of course, if you want to trade, it is good to register on a cryptocurrency exchange, but platforms like buycoinnow could be useful sometimes.
I think such websites like buycoinnow.com are more useful for people who plan to hold coins - it's always better to keep them on the private wallet rather than crypto exchange. But in the time of bull run, prices are usually unpredictable, so exchange account will be still needed in the end. 
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?
Do any credit card companies have restrictions on bitcoin purchases?
Which cards offer incentives and bonus dollars for purchases?
I am not using my card to buy Bitcoin because of the extra fees in transacting. Maybe PayPal will do rather than credit cards.
During the last Bullrun a lot of credit card companies "blocked" people from buying bitcoins with their credit cards. I think it is a very bad idea to use credit to fund any Crypto currency investment, because it might take months or even years to make a profit and while this is not happening, you will have to pay back that money with interest every month.
Looking at the Bitcoin price history you would notice that one recovery stage almost took 3 years to reach the ATH price again and by that time you will not see any profit, because you would have had to re-pay most of that in high interest on the credit you used.
Yet they have the option available on coinomi wallet for a while now. Using the third party service simplex.Looking at the Bitcoin price history you would notice that one recovery stage almost took 3 years to reach the ATH price again and by that time you will not see any profit, because you would have had to re-pay most of that in high interest on the credit you used.
And even has a rather large button saying the very thing "Buy using credit card" right at the top of the how to get bitcoins section of the app.
Buying Bitcoin during bullrun via creditcard made me laugh, but honestly its hard that you need owe just to invest and its not practical in any wat since you double the risk. Well if you have the guts why not? As matter of fact most of us loves to risks.
It is stupid to buy bitcoins using a credit card during a bull run. Not only are you taking a risk of it dumping in price almost immediately after you buy them but you are paying interest on those coins per day of making the purchase. So it is a double negative on you for using this method to purchase those bitcoins. I think that buying Bitcoin by credit card is a great idea, I do it at this website: buycoinnow.com. You don't have to register here, so it is quick and simple. I find it also safe, because they don't need your personal data, it is completely anonymous. Of course, if you want to trade, it is good to register on a cryptocurrency exchange, but platforms like buycoinnow could be useful sometimes.
Yes, you're right. I think that there is nothing to be afraid of when you want to buy BTC via credit card, but you need to choose the reliable platform. I used to use BuyCoinNow and it was all okay, no problems with that website
I think that buying Bitcoin by credit card is a great idea, I do it at this website: buycoinnow.com. You don't have to register here, so it is quick and simple. I find it also safe, because they don't need your personal data, it is completely anonymous. Of course, if you want to trade, it is good to register on a cryptocurrency exchange, but platforms like buycoinnow could be useful sometimes.
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.
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.
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.
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.Do any credit card companies have restrictions on bitcoin purchases?
Which cards offer incentives and bonus dollars for purchases?
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.
Will you make investment on crypto currency using credit car means the lend money which has high risk.
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.Do any credit card companies have restrictions on bitcoin purchases?
Which cards offer incentives and bonus dollars for purchases?
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.
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.
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.
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.
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.
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. Do any credit card companies have restrictions on bitcoin purchases?
Which cards offer incentives and bonus dollars for purchases?
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
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.
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.
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