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Are there any restrictions on using Apple Card to buy crypto?

avatardhruva dDec 25, 2021 · 3 years ago3 answers

What are the limitations or restrictions when it comes to using Apple Card for purchasing cryptocurrencies?

Are there any restrictions on using Apple Card to buy crypto?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, there are some restrictions when using Apple Card to buy crypto. Apple Card does not allow cash advances, and buying cryptocurrencies is considered a cash advance. Therefore, you cannot directly use Apple Card to purchase crypto. However, you can use Apple Card to fund another payment method, such as a debit card or bank account, and then use that payment method to buy crypto. Keep in mind that this may incur additional fees or transaction costs.
  • avatarDec 25, 2021 · 3 years ago
    Unfortunately, Apple Card does not currently support direct purchases of cryptocurrencies. This means that you cannot use your Apple Card to buy crypto directly. However, you can still use other payment methods, such as a debit card or bank transfer, to buy cryptocurrencies on various platforms and exchanges. It's always a good idea to check the terms and conditions of your Apple Card and the platform you plan to use for buying crypto to ensure compliance with their policies.
  • avatarDec 25, 2021 · 3 years ago
    As an expert in the field, I can confirm that Apple Card does not allow direct purchases of cryptocurrencies. This is due to the fact that buying crypto is considered a cash advance, which is not supported by Apple Card. However, there are alternative ways to buy crypto using other payment methods. You can link your Apple Card to a third-party payment platform or exchange that supports crypto purchases and use it as a funding source. Just make sure to review the fees and terms associated with using such platforms before proceeding.