Podcast #41 – Some Banks Are Blocking Credit Card Purchases On Bitcoin Exchanges

Earlier this month,  JPMorgan Chase, Bank of America, CitiBank and Capital One started to ban credit card users from purchasing cryptocurrencies on Coinbase, an American Bitcoin exchange.  And recently, Toronto-Dominion Bank from Canada is starting to stop customers to use credit cards to buy cryptocurrency.  These banks are doing it because they fear credit card users may run up debt if the prices of cryptocurrencies drop.

Currently, I use Coinsquare as my major Bitcoin exchange and the company do not accept credit card payments but accepts bank transfers and wire transfers.

If you do have money in your bank account and are also interested in trading cryptocurrencies, please used my referral link to sign up for a Coinsquare account TODAY.  Sign up for an Coinsquare account with my referral link TODAY and deposit at least $60 IN ORDER TO GET A $20 BONUS.

For those who have done so, I just want to say thank you so much for using my referral link.  It means so much to me as you love my blog just as much as you love cryptocurrencies.

Lastly (this is for all the Canadian out there), please consult your accountant whether you have to file your profits from crypto last year for your tax return. Canada Revenue Agency IS LOOKING FOR YOUR MONEY.

I hope you are enjoying my podcasts so far!  Catch you on the flip side!

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