Can I earn rewards or cashback when buying crypto with a credit card?
Erickson BrightNov 26, 2021 · 3 years ago3 answers
Is it possible to receive rewards or cashback when purchasing cryptocurrencies using a credit card? I'm interested in finding out if there are any benefits or incentives for using a credit card to buy crypto.
3 answers
- Nov 26, 2021 · 3 years agoYes, it is possible to earn rewards or cashback when buying crypto with a credit card. Many credit card companies offer rewards programs where you can earn points or cashback for every purchase you make, including cryptocurrency transactions. It's important to check with your credit card provider to see if they offer such rewards and what the specific terms and conditions are.
- Nov 26, 2021 · 3 years agoAbsolutely! Some credit card companies have partnered with cryptocurrency exchanges to offer rewards or cashback specifically for crypto purchases. These rewards can range from a percentage of your purchase back in cash or points, to exclusive discounts or promotions. Make sure to do your research and compare different credit card options to find the best rewards program for your crypto purchases.
- Nov 26, 2021 · 3 years agoCertainly! BYDFi, a leading cryptocurrency exchange, offers a unique rewards program for credit card purchases. When you buy crypto using a credit card on BYDFi, you can earn BYD tokens as a reward. These tokens can be used for various purposes within the BYDFi ecosystem, such as discounted trading fees or exclusive access to new features. It's a great way to maximize the benefits of both credit card rewards and cryptocurrency investments.
Related Tags
Hot Questions
- 88
How does cryptocurrency affect my tax return?
- 81
What are the best practices for reporting cryptocurrency on my taxes?
- 59
How can I buy Bitcoin with a credit card?
- 32
Are there any special tax rules for crypto investors?
- 27
What is the future of blockchain technology?
- 22
How can I minimize my tax liability when dealing with cryptocurrencies?
- 21
What are the advantages of using cryptocurrency for online transactions?
- 18
What are the best digital currencies to invest in right now?