What are the reasons why my credit card is being declined when purchasing cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  There could be several reasons why your credit card is being declined when purchasing cryptocurrencies. One common reason is that your credit card company may have flagged the transaction as suspicious or potentially fraudulent. This can happen if the transaction is considered high-risk or if it is not in line with your usual spending patterns. In such cases, it is recommended to contact your credit card company and inform them about the transaction to resolve the issue.
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• Dec 17, 2021 · 3 years ago
  Another reason for your credit card being declined could be insufficient funds. Make sure that you have enough available credit on your card to cover the purchase. Additionally, some credit card companies may have specific restrictions or limitations on cryptocurrency purchases. It's worth checking with your credit card provider to see if there are any such restrictions in place.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we understand that credit card declines can be frustrating. While we cannot speak for other exchanges, it's important to note that different cryptocurrency exchanges may have different payment processing systems and policies. It is possible that your credit card may be declined on one exchange but not on another. If you continue to experience issues, we recommend trying a different exchange or alternative payment methods, such as bank transfers or using a different credit card.
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