Best exchanges for buying cryptocurrencies with credit cards?

Discussion in 'General Bitcoin Gambling Discussion' started by Terry, Feb 23, 2018.

  1. Terry

    Terry Member

    Now that many United States banks (Chase, Capital One, Bank of America and Citi) are blocking the purchase of cryptocurrencies at Coinbase, I wonder what alternatives are out there for buying Bitcoin, Litecoin, Dash, Ethereum or Monero with a Visa, Mastercard or American Express?

     
  2. EvilK

    EvilK Member

    you can now buy bitcoin with credit cards from inside the bread wallet app. here's a video tutorial...

     
  3. Humble Servant

    Humble Servant Active Member Staff Member

  4. Spud

    Spud Member

    My advice is don't buy bitcoin or any cryptocurrency using credit cards because if you go into debt you will make stupid decisions. If the price drops by 50% or more, you'll panic and sell. It's much easier to hodl if you don't have any debt.
     
  5. EvilK

    EvilK Member

    This is good advice. I dollar cost average which means I buy a few hundred bucks (or whatever I can afford) every month regardless of the price. If you bought all your BTC at $19,000 in December 2017, you likely would have panic sold and lost a fortune. By buying a little bit every month without going into debt, you are more likely to ride out the bear markets.
     
  6. somebodytoldme

    somebodytoldme New Member

    It's better to buy lots of btc at one time, i did it many, many times using www.buycoinnow.com and can recommend it. Mind the fees and the btc sending sessions.
     

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