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Are there any restrictions or limits when buying USDC with a credit card?

avatarhemanth kothaNov 27, 2021 · 3 years ago3 answers

I want to buy USDC (USD Coin) using a credit card. Are there any restrictions or limits that I should be aware of?

Are there any restrictions or limits when buying USDC with a credit card?

3 answers

  • avatarNov 27, 2021 · 3 years ago
    When buying USDC with a credit card, there may be certain restrictions or limits imposed by the exchange or platform you are using. These restrictions can vary depending on the exchange and your location. It's important to check the terms and conditions of the exchange or platform to understand any restrictions or limits that may apply. Some common restrictions or limits may include a maximum purchase amount per transaction, a daily or weekly limit on the total amount you can buy, or restrictions on the use of certain types of credit cards.
  • avatarNov 27, 2021 · 3 years ago
    Buying USDC with a credit card may have certain restrictions or limits in place. These restrictions are usually put in place to prevent fraud or comply with regulatory requirements. Some exchanges or platforms may require you to complete a verification process before you can make a purchase using a credit card. Additionally, there may be limits on the amount you can buy in a single transaction or within a certain time period. It's always a good idea to check the terms and conditions of the exchange or platform you are using to understand any restrictions or limits that may apply.
  • avatarNov 27, 2021 · 3 years ago
    When buying USDC with a credit card, it's important to note that different exchanges or platforms may have different restrictions or limits in place. For example, at BYDFi, there is a daily limit of $10,000 for credit card purchases of USDC. This limit is in place to ensure the security and integrity of transactions. It's always a good idea to check the specific terms and conditions of the exchange or platform you are using to understand any restrictions or limits that may apply to your credit card purchases of USDC.