Creator address bitcoin buy bitcoin debit
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How do I activate my card? How do I pay for a prepaid card? Where can I get my card statement? So far I cant fault them one bit. Kudos to you guys! Incidents like this pose several challenges for the cryptocurrency industry short-term, but also show just how scared the incumbents really are. Currently, if you want to buy bitcoin, ethereum or any other alt-coin instantly, the only option is to use your debit or credit card.
Transferring funds from your bank has lower fees, but takes several days. Coinbase has long accepted debit and credit cards for instant buys, however, passing on to the buyer the standard 4 percent credit card transaction fee. Now, it seems VISA issuers and Mastercard have quietly reclassified the way Coinbase credit card purchases are processed on their networks. Even worse is that cash advances do not fall under the standard interest-free grace period that consumers expect for other credit card purchases.
The moment the Coinbase purchase goes through, the transaction accrues and compounds daily. For most people, losing 10 percent of your investment in fees means that the practice of using a credit card to buy cryptocurrency is effectively over.
It will become more difficult for investors to purchase bitcoin and other cryptocurrency on their terms. Transferring funds via ACH takes three to five business days.