If I buy Bitcoin or any crypto on Coinbase with a credit card, will the credit card company treat it as a “cash advance” or regular purchase?
If I buy Bitcoin or any crypto on Coinbase with a credit card, will the credit card company treat it as a “cash advance” or regular purchase?
byu/Last-Web5260 inBitcoin
Posted by Last-Web5260
3 Comments
Regular purchase
Usually a regular purchase, but you’ll want to check the fine print, because some cards treat monetary instruments as cash advances (like withdrawing from an ATM). Also, I’d tell you that taking on debt to buy crypto is a horrible idea, but I’m not your father.
I cant fathom buying ₿itcoin on a credit card.
Im a believer and I have been for a while but thats just crazy risk.