Yes, it is possible to use a credit or debit card to purchase cryptocurrencies on some exchanges. However, not all exchanges support this payment method, and the availability of this option can vary depending on the exchange and your country of residence.
If you wish to purchase cryptocurrencies with a credit or debit card, it is best to check the payment options available on the exchange’s website or by contacting their customer support. Some exchanges that support this payment method may charge additional fees for credit or debit card transactions.
It is also important to note that purchasing cryptocurrencies with a credit card can be considered a cash advance by your card issuer, which can result in higher fees and interest rates. If you are considering this payment method, it is a good idea to check with your card issuer to understand the terms and fees associated with cash advances.
Rabi is the founder of Cryptoetf.in and a regular contributor. He is passionate about the crypto world and keeps up-to-date with the latest developments, always eager to share his knowledge with readers.