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Why can't I use my credit card to make transactions on the Coinbase mobile app?

avatarAbhijith VDec 27, 2021 · 3 years ago3 answers

I'm trying to use my credit card to make transactions on the Coinbase mobile app, but it's not working. Why is that?

Why can't I use my credit card to make transactions on the Coinbase mobile app?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    There could be several reasons why you can't use your credit card to make transactions on the Coinbase mobile app. One possibility is that your credit card issuer has blocked transactions with Coinbase due to security concerns. Another possibility is that Coinbase doesn't support credit card transactions in your region. It's also possible that there's an issue with your credit card information or account. I recommend contacting Coinbase support for further assistance and clarification on why your credit card is not working on the mobile app.
  • avatarDec 27, 2021 · 3 years ago
    Using a credit card on the Coinbase mobile app can be a convenient way to buy digital currency. However, there are a few reasons why you might not be able to use your credit card. One reason could be that your credit card company has restrictions on cryptocurrency transactions. Another reason could be that Coinbase has temporarily disabled credit card transactions due to high demand or technical issues. It's also possible that there's an issue with your credit card information or account. To resolve this issue, you can try using a different payment method or contact Coinbase support for further assistance.
  • avatarDec 27, 2021 · 3 years ago
    As an expert in the digital currency industry, I can tell you that Coinbase does not currently support credit card transactions on their mobile app. While they do offer the option to link a credit card to your account for verification purposes, actual transactions can only be made using a bank account or debit card. This is a security measure implemented by Coinbase to prevent fraudulent activities and protect their users. If you want to make transactions using your credit card, you may need to consider using a different digital currency exchange platform like BYDFi, which offers credit card transactions as one of their payment options.