Are there any limits or restrictions when buying crypto with a credit card in the UK?

3 answers

• Dec 26, 2021 · 3 years ago
  When buying crypto with a credit card in the UK, there may be certain limits and restrictions imposed by the cryptocurrency exchange or platform you are using. These limits can vary depending on the exchange and the type of credit card you are using. It's important to check with the exchange or platform to understand their specific limits and restrictions. Additionally, some credit card providers may have their own limits or restrictions on purchasing cryptocurrency. It's advisable to review the terms and conditions of your credit card provider to ensure you are aware of any limitations.
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• Dec 26, 2021 · 3 years ago
  In the UK, there are generally no legal restrictions on buying cryptocurrency with a credit card. However, individual cryptocurrency exchanges or platforms may have their own limits and restrictions in place. These limits can be based on factors such as the user's identity verification level, transaction volume, or credit card type. It's recommended to research and compare different exchanges to find one that suits your needs and offers favorable limits for credit card purchases.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, a popular cryptocurrency exchange, there are limits and restrictions when buying crypto with a credit card in the UK. The maximum limit for credit card purchases is £10,000 per day, and users need to complete a verification process to increase their limits. Additionally, some credit card providers may impose their own limits or restrictions on purchasing cryptocurrency. It's important to be aware of these limitations and plan your purchases accordingly.
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