Bitcoin Debit Card Provider Wirex To Re-Allow Buying Bitcoin With Debit And Credit Cards
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.
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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.
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.
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 :)
Do you already have an account? I heard Visa and Mastercard had bans on crypto buying?
No, at least no in my country. We still buy bitcoin with Mastercard through Luno.
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.
Thank you.
Wow.. this is really a good news... we need to have many more services like these which converts fiat to crypto and vice versa.
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
I think you should do a crypto poem blog post.
Great, it seems very good that this initiative is developing, I want to join
Just sign up using the link in article, making an account with them is free.
It is about freaking time. I missed our Wirex card. They are making us go through the whole sign up process though. Resteemed
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.
Good news. Thanks for sharing.
Spring can be a good time for cryptos. Thanks for the link, I will check it out.
Superb information for crypto universe.....
It makes easy to transaction....
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?