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Why am I unable to complete a digital currency transaction if my card has insufficient funds?

avatarOludele DareDec 28, 2021 · 3 years ago3 answers

Why does my digital currency transaction fail when my card does not have enough funds?

Why am I unable to complete a digital currency transaction if my card has insufficient funds?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    When you try to complete a digital currency transaction but your card does not have enough funds, the transaction will fail. This is because digital currency transactions require sufficient funds in order to be processed. The transaction is essentially a transfer of value from one account to another, and if there are not enough funds in your account, the transfer cannot be completed. It's similar to trying to make a purchase with a credit card that is maxed out - the transaction will be declined.
  • avatarDec 28, 2021 · 3 years ago
    If your card does not have enough funds, your digital currency transaction will not go through. This is because digital currency transactions are processed in real-time and require immediate payment. If there are insufficient funds in your account, the transaction will be rejected. It's like trying to withdraw money from an empty bank account - it's just not possible.
  • avatarDec 28, 2021 · 3 years ago
    When you attempt to complete a digital currency transaction with insufficient funds on your card, the transaction will be declined. This is because digital currency transactions are verified and processed by the network, and if there are not enough funds in your account, the network will reject the transaction. It's important to ensure that you have enough funds in your account before attempting a digital currency transaction to avoid any issues.