Do you think that people should pay with their credit cards when they buy cryptocurrency?

[Mrallison]

It's completely reasonable for credit card to be linked to crypto account for easy access of both deposit and withdrawal as it incurres less charge unlike other forms of transaction that are also stressful
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It's completely reasonable for credit card to be linked to crypto account for easy access of both deposit and withdrawal as it incurres less charge unlike other forms of transaction that are also stressful

 

[FreshKaz11]

I can never ag

There are many people that often link their crypto wallets to tehir bank accoutn and this can be done of one of two reasons. Either for easy withdrawal of your funds to the accoutn or you can use your fiat currency in order to purchase more of the cryptocurrency. The question that I have however, is done you think that people should link their credit cards to their cryptocurrency wallets and exchanges?

There are some wallets that do offer you a feature for this to allow buying crypto such as Bitcoin and so forth, but do you think that this is a good idea? In my opinion I think that this is a very bad way to make an investemtn into crytpocurrency ebcause with the market beign what it is and changing ona constant basis, the risk to your funds is very high. And you will still have to pay back this amount as it is a loan. Therefore, you are liable for the full amount despite what happens to your crypto investment.

As a rule of thumb in crypto it is said that you should not invest any amount that is more than you are willing to lose, and I feel that this is true. Do you agree that credit cards should be banned from crypto purchases?

I disagree on the banning of credit card to purchase crypto currency,because the easy way to buy your coin is through your credit card ..
So if they should banned it now the stress in which people will go through to purchase coin or any other crypto currency will be too much...
And now we all live in a social and internet life and the best internet could do for us is to allow us to sit in our comfort zone of our house to purchase anything we want as long as we have balance about credit card... That's my take on this topic ..
Thanks

 

[Hasan Raza]

Credit card usage for any transaction is beneficial. If it will be possible to pay with credit card when purchase crypto currency without any risk of making the bank account vulnerable to any threat,I think that will be a great deal. But the fear of loosing ones money would not make that easy.

 

[mcjerry]

Banning credit card will make it difficult for most investors to invest in Crypto currency, credit card is the easiest way to fund or withdraw money from your Crypto currency wallet, going through bank payments or other online payments system will be stressful and attract charges as well.

You are right credit and debit card has made online transactions more easier and faster. Gone are the days that when paying for goods or services online, we will be asked to go to the banks and paid to the seller's account. But now it is done almost instant on the browsing device.