Which credit card we can use to buy USDT cryptocurrency?

GoodSaving

Hi, I am looking for a credit card that allows to buy USDT cryptocurrency. I am currently using Capital One credit card, but they don't allow to purchase cryptocurrency.

CliveOfIndia

I'm not sure which cards in particular will allow the purchase of crypto-currency, but it's almost certain that it would be treated as a cash transaction - thus attracting fees and interest.

Your question is somewhat at odds with your user-name, if I may be so bold !  Whilst crypto is gradually becoming more widespread, it still remains an extremely risky gamble.  I would urge you to only play with what you can afford to lose.  And make sure you check whichever platform you're buying from extremely carefully, do plenty of research beforehand.  There are some legitimate sites out there, but there are also an awful lot of scams.

cymruchris

Isn't it better to use a debit card if you have to buy it? Credit cards can be expensive in terms of fees when it comes to cash transactions - and are you in a position that if your chosen currency has a slide you can cover the losses? (No doubt you're an expert, and that won't happen, and you'll only make crazy profits, but you know - I'm just saying it could happen, and if it does, can you get yourself out of a hole or have the reserves to pay for the loss?)

retiredbanker1

There is a very good reason why lenders will not let their customers use credit cards for crypto purchases - they got fed up of S75 claims against them when the ''currency'' they thought they had bought did not exist or the platform turned out to be dodgy.
So OP if you want to buy - you need to take all of the risk if it goes wrong.

adamp87

I don't think any Credit Card company allows this now do they? It's the same reason nearly all don't allow you to purchase stocks or shares with a Credit Card

The_Urbanite

CliveOfIndia said:

I'm not sure which cards in particular will allow the purchase of crypto-currency, but it's almost certain that it would be treated as a cash transaction - thus attracting fees and interest.

Your question is somewhat at odds with your user-name, if I may be so bold !  Whilst crypto is gradually becoming more widespread, it still remains an extremely risky gamble.  I would urge you to only play with what you can afford to lose.  And make sure you check whichever platform you're buying from extremely carefully, do plenty of research beforehand.  There are some legitimate sites out there, but there are also an awful lot of scams.

Wasn’t always the way. HSBC Premier World Elite not only allowed crypto to be purchased, but didn’t charge any cash advance fee and also awarded points on MCC 6051 transactions. You could buy TGBP to your heart’s content, convert to GBP at a rate of 1:1 and withdraw to bank account, all completely for free.

Crypto isn’t all bad if you know what you’re doing. Time was when you could buy enough crypto to get the cashback card, top it up for free with most credit cards and earn enough cashback to pay off the initial outlay and then some in one fell swoop.