Seems like spring is bringing a lot of good news for the crypto universe: not only are we witnessing a slow but steady uptrend across the entire market, but news about new services are starting to pour in.
According to an email sent to their card holders, Wirex, a Bitcoin debit card provider, announced that they are re-enabling direct buying of Bitcoin with credit cards, something which was stopped until now, for a few good months.
Here's an excerpt from the message:
From today you no longer have to make international bank transfers to buy bitcoin — or use expensive card transaction services.
We have now re-enabled our buy bitcoin feature using any 3D-secured debit or credit card (up to €500 per day!).
Simply attach your card to your account inside the app and you can fund your Wirex account for instant conversion to bitcoin at any time.
It's an interesting development, which tells that major credit card companies are turning around and start to quietly approve (some) crypto processors.
If you want to open an account with Wirex, you can do it here, it's completely free, but since this is an affiliate link, I will make a small commission if you sign up. Just so you know it :)
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
Wanna know when you're getting paid?
|
I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
Hmmmm...mixed feelings on this news.
It's good that people have more options to buy crypto, and that we can potentially get in without large fees, but...
Buying crypto with CREDIT cards is an incredibly bad idea. Please don't do this. If you can't afford to buy crypto with money you actually have, and still be comfortable after you've bought it, don't do it. Don't go into debt to buy in.
I dread to think what situation some of the people who re-mortgaged their houses towards the end of 2017 are in. They were buying in at 16k, 17k a bitcoin. They must be praying daily that Bitcoin recovers, and FAST.
Never put yourself in a position, with any investment, where you can't afford (at least in the short, to medium term), for that investment to not pay off.
"Only invest what you can afford to lose" is good advice. Listen to it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very good point and I'm 100% with you on this one, but if you look carefully at their message it says "using any 3D-secured debit or credit card".
So I think we're good.
LE: I updated the title of my post too.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah, I'd spotted the debit card news too, but it's the credit card which most caught my attention.
There are people who have the disposable money, but use their credit card out of convenience, but can pay it back on their next statement - and that's all good. But there are also those who can't afford it, and assume (or hope) we're about to enter another strong bull run (fingers crossed). They're the ones who're at risk.
Thanks for the post & good information :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do you already have an account? I heard Visa and Mastercard had bans on crypto buying?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
No, at least no in my country. We still buy bitcoin with Mastercard through Luno.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Interesting. I saved that site to my favorites. Hopefully it works in the USA. I wish it had a desktop option. I upvoted your last blog post since my solo upvote doesn't count.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Wow.. this is really a good news... we need to have many more services like these which converts fiat to crypto and vice versa.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Seems like spring is coming back to Crypto Garden after a dull autumn...
I like you being the harbinger of good times...
May we all blossom...to the full
Cheers
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think you should do a crypto poem blog post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great, it seems very good that this initiative is developing, I want to join
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just sign up using the link in article, making an account with them is free.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It is about freaking time. I missed our Wirex card. They are making us go through the whole sign up process though. Resteemed
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You can have a virtual one (USD, EUR or GBP) for free and just subscribe to the waiting list for getting a plastic one. I did this and I think I'm somewhere at 8000-ish position.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good news. Thanks for sharing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Spring can be a good time for cryptos. Thanks for the link, I will check it out.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Superb information for crypto universe.....
It makes easy to transaction....
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi dragosroua,
Wirex does not allow U.S. citizens to open account nor issue this debit card.
Do you know other companies will allow use the debit card to purchase Bitcoin like a visa card transaction?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hello, I am a beginner in steemit.
I read your post well. I think it's good news that you can buy a bit coin by credit card.
I followed you.
I am reporting the flow to the wallet of the top 100 bit coin for you.
If you are ok now, can you read my posting?
https://steemit.com/coinkorea/@ayogom/bitcoin-whale-wallet-analysis-2018-04-19
https://steemit.com/bitcoin/@ayogom/bitcoin-whale-wallet-analysis-2018-04-18
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is spamming, you could get flagged by other witnesses or whales. Be careful.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks, good inform
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
wow! great news about bitcoin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great news♥ for bitcoin. Another successful gain for cryptos in this year. Thanks sir for informing us.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's a great news! It will bring more investment to crypto market and I think it will have an impact on the prices too!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
One more great news today finally great for the crypto lovers :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Buying crypto in credit... it's ok only if price goes up... otherwise it will bring many problems
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Is the fee for conversion from BTC to fiat in addition to currency exchange fees?
Unless you are obsessed with anonymity, it might be easier to use an exchange which charges about 0.25% to convert from btc to fiat, and minimal fees for withdrawing to your bank where you can spend it on your normal debit card.
These bitcoin card providers need to lower their fees considerably to make them attractive.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
As long as fiat remain as top gateway to spending crytocurrency profits, anonymity is a dream.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit