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What are the common reasons for a declined card when attempting to make a digital currency purchase?

avatarCute KittyJan 12, 2022 · 3 years ago4 answers

When trying to make a purchase of digital currency using a card, what are some common reasons for the card to be declined?

What are the common reasons for a declined card when attempting to make a digital currency purchase?
Digital Currency
Declined Card
Payment Issues

4 answers

  • avatarJan 12, 2022 · 3 years ago
    One common reason for a declined card when attempting to make a digital currency purchase is insufficient funds. Make sure you have enough balance on your card to cover the transaction. If not, try using a different card or adding funds to your current card. 😉
  • avatarJan 12, 2022 · 3 years ago
    Another reason could be that your card issuer has blocked the transaction due to security concerns. Contact your card issuer to verify if they have any restrictions on digital currency purchases and request them to allow the transaction. 🙏
  • avatarJan 12, 2022 · 3 years ago
    At BYDFi, we have observed that some card issuers may decline transactions with certain digital currency exchanges as a precautionary measure. This is to protect their customers from potential fraud or unauthorized transactions. If you encounter this issue, you can try using a different card or contact your card issuer to resolve the matter. 👍
  • avatarJan 12, 2022 · 3 years ago
    Sometimes, technical issues can also cause card declines. It could be a temporary glitch in the payment processing system or an issue with the card reader. In such cases, you can try again later or use an alternative payment method like bank transfer or cryptocurrency. 💻

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