Thread: Buy bitcoin wit credit card

Originally Posted by Valcon

I just got this email from Blockchain that’s telling me all I have to do to buy crypto is use my credit card in the Blockchain app “and send it on” does anyone find any problem with this?


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Yeah. Like the anonymity part

Max

Originally Posted by Valcon

I just got this email from Blockchain that’s telling me all I have to do to buy crypto is use my credit card in the Blockchain app “and send it on”, does anyone find any problem with this?


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The only problem you may have is some major credit card companies block cryptocurrency purchases. I had this happen with my Capital One card

I Didn't Choose the Swolle Life, the Swolle Life Chose Me ~ Wesley Swolle

Originally Posted by wesley_swolle

The only problem you may have is some major credit card companies block cryptocurrency purchases. I had this happen with my Capital One card

I Didn't Choose the Swolle Life, the Swolle Life Chose Me ~ Wesley Swolle

But as far as being anonymous “would there be and deference than going through cash app?


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Originally Posted by Valcon

But as far as being anonymous “would there be and deference than going through cash app?


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When you buy on cash app and send from cash app, you lose 100% anonymity as your cash app is linked to you. When you send to Blockchain it’s like poof, it’s gone...to some extent. I would NEVER buy BTC with a credit card. You are tied to it and your bank might close your cash app down.

Also blockchain is great but you need verification to use it like name and email etc. So another way it’s tied to you. For what you are doing it’s great but if you want 100%, send it to a wallet like mycelium, unstoppable or block stream green that has no verification or tie to your personal information. Phew!

Originally Posted by Valcon

I tried this, and it said it wasn't available in my country.

AFAIK, all banks have blocked cryptocurrency sites from being used, so you have to link it directly to your bank or use a debit card.




I just got this email from Blockchain that’s telling me all I have to do to buy crypto is use my credit card in the Blockchain app “and send it on”, does anyone find any problem with this?


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I tried buying from Blockchain, but it said it wasn't available in my country (USA). AFAIK, all major bank credit cards have blocked crypto from being purchased. You have to use a debit card or link it directly to your bank account.

JPMorgan Chase, Bank of America bar bitcoin buys with a credit card