Topic: What to do if Bank Ban debit/credit card from purchasing Cryptocurrency (Read 80 times)
February 27, 2018, 10:51:10 PM
In our country we have a payment processor which we can use to buy bitcoin. And then we use bitcoin to buy the cryptocurrency. We don't use banks to buy digital currencies. Remember that banks are business establishments. So they may charge higher fees.
February 27, 2018, 10:42:05 PM
if that happens to me il just cash in my money to some exchage site like in my country coins ph i used to transfer money to buy crypto currency, and also you can use coin base it is easy to use without bank transactions needed.
February 27, 2018, 10:33:30 PM
I've definitely seen this a lot, and it's a shame IMO. If you're a merchant and need banking services, and you deal with bitcoin as well, it's just asking for problems. And the volatility isn't helping--I think that's why businesses like Dell (or Microsoft, I can't remember) stopped using BitPay and bitcoin altogether.
Buying bitcoin shouldn't be all that hard. You can do it in the currency exchange section using a whole bunch of payment methods, though you have to watch out for scammers there, and there are a lot. I've used PayPal, though it's extremely risky because of chargebacks. Only deal with trusted members, and even then you can't really tell who's who. Exchanges like Coinbase might be a viable option as well, because you don't need a credit card, just a bank linked to your account.
Buying bitcoin shouldn't be all that hard. You can do it in the currency exchange section using a whole bunch of payment methods, though you have to watch out for scammers there, and there are a lot. I've used PayPal, though it's extremely risky because of chargebacks. Only deal with trusted members, and even then you can't really tell who's who. Exchanges like Coinbase might be a viable option as well, because you don't need a credit card, just a bank linked to your account.
February 27, 2018, 10:29:03 PM
Many banks stopping their clients to purchase cryptocurrency by ban debit/credit card in exchanges, In that case, what is the alternative to buy Cryptocurrency.
What are the other ways to Buy Cryptocurrency
What are the other ways to Buy Cryptocurrency
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