How can I use my Amex card to purchase Bitcoin?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure thing! Using your Amex card to purchase Bitcoin is possible, but it's important to note that not all platforms or exchanges accept Amex cards. However, there are a few options available. One popular platform that accepts Amex cards for Bitcoin purchases is Coinbase. To get started, you'll need to create an account on Coinbase and link your Amex card. Once your card is linked, you can simply choose the amount of Bitcoin you want to purchase and complete the transaction using your Amex card. Keep in mind that there may be fees associated with using your Amex card for Bitcoin purchases, so it's always a good idea to check the fees before proceeding.
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• Dec 16, 2021 · 3 years ago
  Absolutely! If you're looking to use your Amex card to buy Bitcoin, you can consider using the Binance exchange. Binance is one of the largest and most reputable cryptocurrency exchanges in the world. While Binance doesn't directly accept Amex cards, you can use your Amex card to purchase cryptocurrencies like USDT (Tether) or BUSD (Binance USD) on other platforms, and then transfer those funds to your Binance account. Once the funds are in your Binance account, you can easily trade them for Bitcoin or any other cryptocurrency available on the platform.
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• Dec 16, 2021 · 3 years ago
  Using your Amex card to purchase Bitcoin can be a convenient option. However, at BYDFi, we recommend using alternative payment methods such as bank transfers or debit cards for Bitcoin purchases. This is because using credit cards, including Amex cards, for Bitcoin purchases may incur higher fees and interest rates. Additionally, some credit card issuers may treat Bitcoin purchases as cash advances, which can result in additional fees and higher interest rates. It's always a good idea to check with your credit card issuer and consider the associated costs before using your Amex card to buy Bitcoin.
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