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Can I use a Chase credit card to purchase Bitcoin or other cryptocurrencies?

avatarKrabbe HayNov 26, 2021 · 3 years ago3 answers

I have a Chase credit card and I'm interested in buying Bitcoin and other cryptocurrencies. Can I use my Chase credit card to make these purchases? Is it allowed by Chase and are there any restrictions or fees involved?

Can I use a Chase credit card to purchase Bitcoin or other cryptocurrencies?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Yes, you can use a Chase credit card to purchase Bitcoin and other cryptocurrencies. However, it's important to note that Chase has implemented certain restrictions on cryptocurrency purchases. As of now, Chase does not allow customers to use their credit cards to buy cryptocurrencies directly. This decision was made to protect customers from potential fraud and to mitigate the risks associated with the volatile nature of cryptocurrencies. So, if you want to buy Bitcoin or other cryptocurrencies, you'll need to explore alternative payment methods.
  • avatarNov 26, 2021 · 3 years ago
    Unfortunately, Chase does not currently support the direct purchase of Bitcoin or other cryptocurrencies using their credit cards. This policy is in place to ensure the security and protection of their customers. However, you can still use your Chase credit card to fund your account on a cryptocurrency exchange and then use those funds to buy Bitcoin or other cryptocurrencies. Just keep in mind that you may be subject to additional fees or restrictions imposed by the exchange.
  • avatarNov 26, 2021 · 3 years ago
    While Chase does not allow direct purchases of Bitcoin or other cryptocurrencies with their credit cards, you can use your Chase credit card to purchase cryptocurrencies indirectly through BYDFi, a popular cryptocurrency exchange. BYDFi allows users to fund their accounts with credit cards and then use those funds to buy Bitcoin and other cryptocurrencies. However, it's important to carefully review the fees and terms associated with using a credit card on BYDFi, as they may differ from using other payment methods.