Coinbase, one of the most popular cryptocurrency exchanges, allows users to buy and sell digital currencies. The website also offers a wallet service for storing cryptocurrencies. You can link your bank account or credit card to Coinbase and use it to buy or sell cryptocurrencies.
You can also use Coinbase to convert one cryptocurrency into another. For example, you can convert Bitcoin into Ethereum.
Coinbase is one of the few exchanges that allow you to buy cryptocurrencies with your credit card. However, there are a few things to keep in mind if you’re planning on using your credit card to buy cryptocurrencies. First, Coinbase charges a 3.99% fee for credit card purchases. This is higher than the 1.
49% fee that it charges for bank account transfers. Second, your credit card issuer may treat a purchase of cryptocurrencies as a cash advance. This means that you’ll be charged interest from the moment you make the purchase. And finally, there’s always the risk of fraud when using your credit card online.
So, is it worth using your credit card to buy cryptocurrencies on Coinbase? That depends on your circumstances. If you’re comfortable with the fees and the risks, then go ahead and use your credit card.
However, if you’re not sure about either of those things, then you might want to stick with a bank account transfer.