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Are there any limits on the amount of crypto I can buy using a credit card?

avatarlostvermeerNov 24, 2021 · 3 years ago3 answers

Is there a maximum limit on the amount of cryptocurrency I can purchase using a credit card? Are there any restrictions or regulations in place?

Are there any limits on the amount of crypto I can buy using a credit card?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Yes, there are limits on the amount of cryptocurrency you can buy using a credit card. These limits vary depending on the exchange or platform you are using. Some exchanges may have daily, weekly, or monthly limits on credit card purchases to prevent fraud and ensure the security of transactions. It's important to check the specific limits set by the exchange you are using before making a purchase.
  • avatarNov 24, 2021 · 3 years ago
    Absolutely! When it comes to buying crypto with a credit card, there are usually limits in place. These limits can be set by the exchange or platform you're using, and they're often put in place to prevent fraud and ensure the safety of transactions. The limits can vary from exchange to exchange, so it's a good idea to check with the specific platform you're using to see what their limits are.
  • avatarNov 24, 2021 · 3 years ago
    Yes, there are limits on the amount of cryptocurrency you can buy using a credit card. For example, on BYDFi, a popular cryptocurrency exchange, the maximum limit for credit card purchases is $10,000 per day. This limit is in place to prevent fraud and protect users' funds. It's important to note that these limits may vary depending on the exchange or platform you are using, so it's always a good idea to check the specific limits before making a purchase.