Are there any credit cards that allow buying crypto?

Alex9384

Yeah, dangerous, unregulated, etc., etc., yet government hyenas are drooling over capital gain taxes from crypto.

doveman

born_again said:

I know not helping op but. Unless the police (which will have to be a concerted worldwide effort) can trace it. They have lost that money.


https://www.bbc.co.uk/news/business-58163917

Yeah, you definitely shouldn't leave your crypto on an exchange. Always transfer it to a wallet that only you have the keys for.

doveman

Alex9384 said:

If you can get a money transfer credit card, you can transfer money to Revolut and from Revolut to crypto exchange (or buy crypto directly in the Revolut app, though their fees are high and you don't actually own the crypto).

What's a money transfer credit card? If it allows you transfer money to anywhere without paying the usual cash advance fee, presumably you could use something other than Revolut as the intermediary, like a bank/building society account that allows deposits to crypto exchanges?

doveman

Malkytheheed said:

Buying crypto on credit is bananas. 

I see that Poundland is selling BTC vouchers now. I wonder if credit cards block purchasing those? I wouldn't buy them as the exchange rate is probably 20% worse than buying on an exchange but that just makes it even more stupid if people can get ripped off buying the vouchers with a credit card but can't use it to get a much better deal buying crypto from an exchange.

If Amazon started selling BTC vouchers at a more reasonable 5% exchange rate, presumably credit cards couldn't block them as they can't see what it is you're buying from Amazon.

[Deleted User]

doveman said:

Alex9384 said:

If you can get a money transfer credit card, you can transfer money to Revolut and from Revolut to crypto exchange (or buy crypto directly in the Revolut app, though their fees are high and you don't actually own the crypto).

What's a money transfer credit card? If it allows you transfer money to anywhere without paying the usual cash advance fee, presumably you could use something other than Revolut as the intermediary, like a bank/building society account that allows deposits to crypto exchanges?

Money transfer is a credit card that allows you to put cash into your bank account (for a fee, which is a % of the balance moved) and you can pay it off typically at 0% interest for a fixed period, a lot cheaper than withdrawing on a card. There is no S75 cover though or any sort of protection

guesswho2000

doveman said:

Malkytheheed said:

Buying crypto on credit is bananas. 

I see that Poundland is selling BTC vouchers now. I wonder if credit cards block purchasing those? I wouldn't buy them as the exchange rate is probably 20% worse than buying on an exchange but that just makes it even more stupid if people can get ripped off buying the vouchers with a credit card but can't use it to get a much better deal buying crypto from an exchange.

If Amazon started selling BTC vouchers at a more reasonable 5% exchange rate, presumably credit cards couldn't block them as they can't see what it is you're buying from Amazon.

Credit cards won't block purchasing the vouchers from Poundland, they'll just see it as a generic purchase from Poundland - for all they know you're spending a heap of cash on crisps and light bulbs.

Scottex99

I don’t risk my debit cards never mind my CCs but there’s quite a few fiat on ramps to crypto (despite Binance closing theirs). 

Coinbase (Coinbase Pro better). Swissborg. Zumo. Tap Global. Kraken in EUR (from my Revolut).

The_Urbanite

I buy crypto every day with a credit card - definitely shop around, some do tolerate it.

Dandytf

slightly off topic.
Has anyone actually seen PayPal Crypto allegedly from one pound.
Have read this should be live for users, yet nothing via site or app yet.

.Edited.
Since found Coming Soon page.

thanks