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seongjunhong
- Posts: 5
- Joined: Mon Jan 08, 2018 2:51 am
limit on the amount of bitcoins with creditcard
What is the limit on the amount of bitcoins I can buy with a credit card? (daily, monthly in buy.bitcoin.com)
Re: limit on the amount of bitcoins with creditcard
The service on https://buy.bitcoin.com is provided by Simplex.com. If you have any question regarding that service, please contact support@simplex.com.What is the limit on the amount of bitcoins I can buy with a credit card? (daily, monthly in buy.bitcoin.com)
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CryptoBlackHat
- Nickel Bitcoiner
- Posts: 156
- Joined: Sun Sep 10, 2017 4:22 pm
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Re: limit on the amount of bitcoins with creditcard
Please note that no matter what service you use (whether Simplex or another service), there will always be a limit on the amount of cryptocurrency you can buy using a credit card. I don't know of any site that makes this unlimited.
Even on Coinbase if you verify your account to the maximum tier and can buy $100,000 or more per week with your bank account, they still limit credit card purchases. This makes sense as a simple mitigation of risk, since credit card transactions can be reversed or fail more easily than bank transactions.
Even on Coinbase if you verify your account to the maximum tier and can buy $100,000 or more per week with your bank account, they still limit credit card purchases. This makes sense as a simple mitigation of risk, since credit card transactions can be reversed or fail more easily than bank transactions.
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