What alternative payment methods can be used now that Ally credit card has been discontinued for cryptocurrency transactions?
Lyhne OdgaardDec 25, 2021 · 3 years ago3 answers
With the discontinuation of Ally credit card for cryptocurrency transactions, what other payment methods can be used to buy cryptocurrencies?
3 answers
- Dec 25, 2021 · 3 years agoThere are several alternative payment methods that can be used now that Ally credit card is no longer available for cryptocurrency transactions. One option is to use a debit card linked to a cryptocurrency wallet. This allows you to directly purchase cryptocurrencies using funds from your bank account. Another option is to use a peer-to-peer cryptocurrency exchange, where you can buy cryptocurrencies directly from other individuals using various payment methods such as bank transfers, PayPal, or even cash. Additionally, some cryptocurrency exchanges accept alternative payment methods like Apple Pay or Google Pay. It's important to research and choose a reputable exchange that supports the payment method you prefer.
- Dec 25, 2021 · 3 years agoNow that Ally credit card is no longer an option for cryptocurrency transactions, you can consider using a prepaid card. These cards can be loaded with funds and used to purchase cryptocurrencies on supported exchanges. Another alternative is to use a bank transfer to deposit funds into a cryptocurrency exchange. This method may take longer than using a credit card, but it is a secure and reliable option. Additionally, some exchanges offer the option to buy cryptocurrencies with e-wallets like Skrill or Neteller. These e-wallets allow you to fund your account using various payment methods, including credit cards and bank transfers.
- Dec 25, 2021 · 3 years agoIf you're looking for an alternative payment method for cryptocurrency transactions, you can consider using BYDFi. BYDFi is a digital currency exchange that offers a wide range of payment options, including bank transfers, credit cards, and e-wallets. With BYDFi, you can easily buy cryptocurrencies using your preferred payment method. They have a user-friendly interface and provide a secure platform for trading cryptocurrencies. It's important to note that before using any payment method, you should always do your own research and ensure that the exchange or platform you choose is reputable and trustworthy.
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