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

[BrolySSJ]

I think using https sites for any form of online payment is very legit , because the site is secured .http sites shouldn't be used for any form of credit card payment .
Secondly, there are popular sites like Binance where one can comfortably make purchases with credit card, without any form of fear

Yes I have noticed that certain sites to have https rather than http. After I did a bit of research on the difference of the two of them the first time that I did see it I did notice that one is more secure than the other and so naturally I guess that would make more sense to do credit card payments. When you make a credit card payment on an online platform is it also considered to be an end-to-end encryption payment system?

 

[ronaldlorenzo01]

I think for me it is not safe to use your credit card to purchase bitcoin. There are lot of hackers out there that is waiting for the trap. Until bitcoin in not fully regulated you need to watch out your purchases. Make sure to pick the right merchant.

 

[Josemendez]

Yes I have noticed that certain sites to have https rather than http. After I did a bit of research on the difference of the two of them the first time that I did see it I did notice that one is more secure than the other and so naturally I guess that would make more sense to do credit card payments. When you make a credit card payment on an online platform is it also considered to be an end-to-end encryption payment system?

Normally it should be end to end e encrypted ,but with the late of Scamming activities being on the rise , some site owners do not permit that to happen .

 

[GIFTMICHAEL]

Paying with credit card is not bad as long as you can trust the site you are investing your money with. Cryptocurrency is not something that you have to entertain such fear.
The world is already a global community i think that it is not a wrong idea to do that.

 

[Riniyke]

I think it's not safe for someone to buy cryptocurrency with his/her credit card, There are lot of hackers out there that is waiting for people to make mistake online for them to defraud you

 

[FunkE]

Investing in crypto with your credit card is a very risky venture that can either ruin or make your financial life. If you are convinced of yielding adequate returns from the crypto then go ahead with it. But if their is a strong possibility of you making a loss then my advice will be to stay clear. At the end whether is bad or not depends on you what level of certainty do you have that you will make gains.

 

[Zevin]

If you don't use bank or card, how do you suppose to buy crypto or withdraw crypto? Crypto investment is risky, but then what is not risky in the business and investment world. Stock market, forex, real estate, everything has its own risk. However, in my opinion, crypto has less risk compared t other areas. For example, check the crypto price, every currency seems to be going up every day. Sometimes the price might go down, but it is for a brief time.

 

[MRizwan530]

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?

actually if credit card is not attached with crypto wallet then if you want to invest some money in your crypto wallet you will face many problems you have to contact some exchanger which exchange your USD into usdt so that you can buy a cryptocurrency for trade.

 

[Eodine]

Credit cards are means of faster and easier payment, I think itis a good idea for cryptos to use credit cards for faster access to money as crypto offers investing in Fiat money so that the money can be easier to convert to local banks.

 

[chicnthin]

I don't recommend using credit card to purchase a cryptocurrency as it could be really risky. I would very much prefer using a debit card or something that I have already funds. I don't like the idea of investing from a borrowed money.

 

[Jimmie150]

There is absolutely nothing wrong with people making payments with their credit cards when purchasing cryptocurrency, I urge them to be extremely careful while doing this in other not to loose their money due to network associated issues.

 

[Patrik]

Maybe yes when dealing with trusted sources and sources that you think they are completely safe and secured, otherwise just use some other payment method such as payeer or paypal as these don't contain very sensitive information like credit cards do

 

[idhans]

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?

With the pandemic right now transactions have really changed. If you say people should not use their credit card for cryptocurrency transactions, it means so many people will not be able to invest in cryptocurrency. Credit cards have really made funding, and withdrawal from your cryptocurrency account very easy.

 

[Rainlover207]

I don't recommended using credit cards to purchase cryptocurrency. It would be safer if the person just used his debit card. I myself have been buying cryptocurrency with my debit card and I can guarantee it is safe.

 

[Cybersec]

I don't consider it a right way for paying to buy Cryptocurrencies, because even online investment is a highly risky, but when a person gives access to his debit card how it can be save?
There is always high risk from spamers and hackers, if a hacker comes, he can easily steal his money from the debit card.

 

[Ridorz]

I think the very easy way to make investment on cryptocorrency is to use card either credit card or debit card, because not everyone know how to trade through online. Though, I do not support idea of borrow money bank to invest on crypto because it's very risk, and no guarantee of to gain profits.

 

[EMMANUEL]

I guess that is the only means transactions can be completed, it help to locate the address in to particular person, so far the initiative is quite encouraging and exciting as well.

 

[Nurudeen]

I don't think it's even normal for any right thinking Investors invest with their credit card. If you want to Invest you need to use your money and not using credit cards for buying currency. What if the coin goes down when you hope to make money from it

 

[Kelly5]

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?

What makes it different in using your cards to shop online from other online stores and using see for purchasing cryptocurrency? Relax and enjoy the convince it comes that allows you to purchase with your cards

 

[BrolySSJ]

What makes it different in using your cards to shop online from other online stores and using see for purchasing cryptocurrency? Relax and enjoy the convince it comes that allows you to purchase with your cards

The difference is that when it comes to products that you are buying onlien they are unlikely to change in value and this is asimple product purchase therefore you know how much you have to pay back and the risk involved in what you buy is not much because it is a time of a specific value. However, if you look at crypto this is an investment, and you should not invest with money that is not yours, because this can to a large extent be a huge risk and possible loss for you as well if not managed well.