Some card issuers even penalize account, select the desired cryptocurrency. Step 1: Choose what crypto exchange to use Assuming that the first step is to block crypto purchases, the first step is to sign up with a crypto exchange that accepts deposits made with a credit card.
When credit card transactions are permitted for crypto purchases, cash advance fees � commonly 3 to 5 percent of the transaction amount � typically apply. That can still add up in a hurry, however, and the fee applies to debit card transactions as well. For starters, major issuers such as Bank of America, Capital One, Citi and Wells Fargo do not permit their credit cards to be used to buy cryptocurrency. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to:. The exchange may also charge extra fees for its services.
