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Many credit card protections won't applyįor example, a typical pro of using your credit card is to earn rewards.May not count toward credit card sign-up bonuses.In fact, there are so many cons, they completely wipe out any potential pros: There are many cons to buying crypto with a credit card. Pros and cons of buying crypto with a credit card This will limit the amount of credit card interest you have to pay on your transaction. Since any card issuer that allows you to buy crypto will likely treat it as a cash advance, be sure to pay off your purchase as soon as it clears. Finally, you'll input your card information and complete the transaction. Then, you can choose the currency and amount you want to buy, and tell the exchange where to send your currency. In general, you'll start by opening an account with the exchange.
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The step-by-step process will vary based on the individual platform. Once you've chosen a credit card and a crypto exchange, you can make your purchase.
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