These days it really does seem like everyone has some bitcoin or another cryptocurrency jingling around in their digital pockets.
Even though the true figure is more like one in 10 Americans, that’s still a big number — and the fear of missing out on the next major price surge is real.
If you don’t have the funds to make a sizable investment, it’s tempting to reach for your credit card. After all, you can just pay it off with your crypto earnings, right?
Well, maybe — but as it turns out, buying crypto with a credit card can be extremely expensive. Until you understand the true cost, keep your Visa or Mastercard in its holster. Though some investment brokers like Robinhood allow you to purchase cryptocurrencies directly through their platform, many people buy crypto via specialized exchanges.
Keep in mind, while it is possible to buy cryptocurrencies with credit cards, not all crypto exchanges accept them.
