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Can I use a debito mastercard to make purchases on popular cryptocurrency exchanges?

avatarTaylor ConleyDec 26, 2021 · 3 years ago3 answers

Is it possible to use a debito mastercard to make purchases on popular cryptocurrency exchanges like Binance or BYDFi? I'm wondering if I can directly link my debito mastercard to my cryptocurrency exchange account and use it to buy cryptocurrencies. Can anyone provide some insights on this?

Can I use a debito mastercard to make purchases on popular cryptocurrency exchanges?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, most popular cryptocurrency exchanges do not accept debito mastercard as a direct payment method. They usually only support credit cards, bank transfers, or cryptocurrency deposits. However, you can still use your debito mastercard to purchase cryptocurrencies indirectly. You can link your debito mastercard to a payment service like PayPal or Skrill, and then use that service to deposit funds into your cryptocurrency exchange account. Keep in mind that there may be additional fees or processing times involved in this process.
  • avatarDec 26, 2021 · 3 years ago
    No, you cannot use a debito mastercard directly on popular cryptocurrency exchanges. These exchanges usually require a credit card or bank transfer for purchasing cryptocurrencies. However, you can consider using alternative payment methods like a debit card linked to a digital wallet, such as Coinbase or Uphold. These platforms allow you to add funds to your account using your debito mastercard and then use those funds to buy cryptocurrencies. Just make sure to check the supported payment methods on the specific exchange you are interested in.
  • avatarDec 26, 2021 · 3 years ago
    As an expert from BYDFi, I can confirm that currently, BYDFi does not support debito mastercard as a payment method for purchasing cryptocurrencies. However, you can explore other options like using a credit card or bank transfer to fund your BYDFi account. BYDFi offers a wide range of cryptocurrencies for trading, and you can easily deposit funds using the supported payment methods. If you have any further questions, feel free to reach out to the BYDFi support team for assistance.