Crypto News

Discover How to Buy Crypto with a Bank of America Credit Card

Published

7 months ago

April 26, 2023

With so many exchanges, brokers, and digital platforms to navigate, you might wonder, “Can I buy crypto with a Bank of America credit card?” Sometimes the world of cryptocurrencies can feel a bit like the Wild West of finance. As you venture into this brave new world, we’re here to guide you through the process and answer your burning questions about purchasing cryptocurrencies with credit cards.

The short answer is yes. You can buy cryptocurrencies with a Bank of America credit card. However, the process may not be as smooth as we’d like. For example, some banks, including Bank of America, have hesitated to allow direct cryptocurrency purchases with credit cards. This is largely due to the high volatility of cryptocurrencies and the risk involved in investing in them. The good news is that times are changing. Banks are slowly becoming more crypto-friendly.

If you are a Bank of America credit card holder, you can now use your card to buy cryptocurrencies on various platforms. Remember that your card issuer may charge additional fees, and you should always review the terms and conditions before making a purchase. Moreover, buying cryptocurrencies with a credit card is generally considered a cash advance, which often comes with higher interest rates and fees.

Before diving into the world of cryptocurrencies, weighing the pros and cons of using a credit card to buy crypto is essential.

Now that you’ve weighed the pros and cons of using a credit card to buy cryptocurrencies, let’s explore the easiest way to make a purchase. As the world of cryptocurrencies continues to expand, more and more banks and credit card providers are embracing the trend. In addition to Bank of America, here are a few other crypto-friendly banks and credit card providers.

The process of buying cryptocurrencies with a credit card can be both exciting and challenging. Knowing the answer to “Can I buy crypto with a Bank of America credit card?” is just the beginning. As you venture further into the world of digital currencies, be sure to weigh the pros and cons of using a credit card, research the various platforms and fees, and consider the benefits of crypto-friendly banks and credit card providers.

The world of cryptocurrencies is vast and ever-changing. If you keep learning and staying informed, you’ll be well-prepared to navigate this exciting new frontier. So grab your credit card and get ready to unlock the crypto world.

This article explores the question of whether you can buy crypto with a Bank of America credit card and how to do it. It looks at the pros and cons of using a credit card to buy crypto and the various crypto-friendly banks and credit card providers. In the end, the article encourages readers to stay informed and to weigh the pros and cons before venturing into the world of digital currencies. #CryptoCurrencies #CryptoInvestment #CreditCardPayment #BankofAmerica #CryptoFriendlyBanks

You can read more about this topic here: Watcher Guru: Can I buy Crypto with a Bank of America Credit Card?

The post Discover How to Buy Crypto with a Bank of America Credit Card first appeared on Byte Syze Crypto.

Crypto News

Bitcoin Rockets to Record High of $41,000 – $166 Million in Shorts Liquidated

Published

2 hours ago

December 4, 2023

Bitcoin’s upward trajectory continued on Monday, with the cryptocurrency surging past $41,700 hours after hitting $40,000 on Sunday afternoon. Per data from CoinGecko, the price of Bitcoin currently stands at just over $41,600, up 5.6% on the day and over 11% on the week. Just one year ago, Bitcoin’s price stood at just under $17,000, with the cryptocurrency surging by over 144% in the past year. Bitcoin’s rally has seen its price reach levels not seen since April 2022, helping to boost the market cap of all cryptocurrencies to $1.61 trillion, up 3.6% in the past 24 hours. According to data from CoinGlass, Bitcoin’s price surge has seen over $166 million in short derivatives positions liquidated in the last 24 hours.

Bitcoin’s price movement over the weekend appears to be linked to renewed enthusiasm over the possible approval of a spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). In recent weeks, the regulator has met with applicants including Grayscale and BlackRock to discuss amendments to their applications, while analysts have zeroed in on three key dates in January when a window would open for the SEC to approve multiple applications simultaneously. Bloomberg Intelligence analysts have put the odds of the SEC approving a Bitcoin ETF in January at 90%, prompting renewed optimism among everyone from Coinbase CEO Brian Armstrong to JP Morgan analysts. Of course, the SEC could yet deny any or all of the pending applications; to date it has rejected every single spot Bitcoin ETF application to cross its desk.

This article outlines the recent surge in Bitcoin’s price and the possible approval of a spot Bitcoin ETF by the US SEC. Analysts have put the odds of the SEC approving a Bitcoin ETF in January at 90%, and the news has generated renewed optimism among many. However, the SEC could yet deny any or all of the pending applications, as it has done in the past. #Bitcoin #ETF #Cryptocurrency #SEC #Investment

You can read more about this topic here: Decrypt: Bitcoin Blasts Past $41,000 as $166 Million in Shorts Liquidated

The post Bitcoin Rockets to Record High of $41,000 – $166 Million in Shorts Liquidated first appeared on Byte Syze Crypto.

Crypto News

French Court Rules Platypus Hackers Not Guilty of $8.5M Heist

Published

7 hours ago

December 4, 2023

A French court cleared two brothers of criminal charges stemming from February’s $8.5 million Platypus Finance hack. Mohammed M., 22, orchestrated the complex flash loan attack and exploited a smart contract vulnerability to drain funds from the Avalanche-based automated market maker (AMM) project. However, the court ruled Mohammed’s unauthorized yet publicly accessible use of smart contracts did not constitute illegal computer system intrusion under criminal statutes. Furthermore, utilizing Platypus’s flawed emergency withdrawal mechanism to siphon tokens failed to pass legal tests for fraud in the judges’ view. The prosecution’s failure serves as a showcase for DeFi criminal enforcement’s emerging jurisdiction. Although defrauded protocols can still file a lawsuit for damages in a civil court, given the novelty and worldwide reach of decentralized networks, more clarification is needed under criminal regulations. This is good news for those involved, as they were able to avoid criminal charges. However, it highlights the difficulties enforcement agencies face in regulating decentralized networks. #CryptoCrime #DeFi #DecentralizedNetworks #SmartContracts

You can read more about this topic here: Watcher Guru: French Court Acquits Platypus Hackers of $8.5M Heist

The post French Court Rules Platypus Hackers Not Guilty of $8.5M Heist first appeared on Byte Syze Crypto.

Crypto News

ing the Implications Cryptocurrency Giant Bitcoin Reaches Record High of $40,000 – What Does it Mean?

Published

13 hours ago

December 3, 2023

Bitcoin’s recent rebound continued over the weekend, with the cryptocurrency passing the $40,000 mark on Sunday afternoon. It is the first time since April 2022 that Bitcoin has seen such a high price, representing a 15% climb over the past 30 days and more than doubling since this time last year. The increasing price reflects optimism surrounding the potential approval of a Bitcoin spot exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Ethereum is also trading above $2,200 today for the first time since May 2022, and various NFT projects have seen rising prices this weekend. This is good news for cryptocurrency investors, as the market is showing continued signs of growth. #Bitcoin #Ethereum #Cryptocurrency #NFTs

You can read more about this topic here: Decrypt: Bitcoin Hits $40,000 for First Time Since April 2022

The post ing the Implications

Cryptocurrency Giant Bitcoin Reaches Record High of $40,000 – What Does it Mean? first appeared on Byte Syze Crypto.