Credit cards intersect with cryptocurrency!

The cryptocurrency sector has experienced tremendous growth over the past few years. Apart from Bitcoin There are more than four thousand alternative currencies in circulation.

Cryptocurrency, once a niche product, is now part of the mainstream, and it's intersecting with credit cards.

Cryptocurrencies are more than just an investment asset. Today you can get a loan Monero or buy Bitcoin from a special automated teller machine.

These kiosks also accept debit cards, credit cards and cash. As of this writing, there are more than 20 thousand . Automated teller machine Bitcoin, throughout the United States. So, how do these systems work?

Bitcoin ATM Jobs

Despite their name, these machines have limited functionality. Unlike traditional ATMs with a cash exchange option, it has only one purpose, which is to allow you to purchase a limited amount of cryptocurrency for cash.

Users pay transaction fees, and the price of crypto is not always the best possible price.

Buying cryptocurrency with a credit card

New opportunities have emerged for buyers. A limited range of cryptocurrencies can be purchased with a credit card, although only some platforms support these transactions, and the fees are very high.

While the biggest concern is that financial institutions often consider cryptocurrency to be a cash equivalent, this means that your purchase will incur the same fees as a regular ATM withdrawal, and the interest will also be higher, starting from day one.

Credit Cards With Bitcoin Rewards

Credit cards with crypto rewards have recently become available, as one lender announced in December 2020, about presenting a card Visa Unique, rewards are paid in Bitcoin.

The product has been publicly launched in 6 July 2021.

Here are the main card features:

-holders get cash back 1.5% in currency Bitcoin on all purchases.

- You also get 250 US$ 3,000 for spending US$3,000, within the first three months.

– You can take advantage of its fluctuations, since the rewards are paid in currency Bitcoin.

This is a great example of the overlap between credit cards and cryptocurrency, while on the downside, the package includes high service fees, so the relationship between rewards and price Bitcoin, are the advantages and disadvantages.

In addition, the annual fee is 200 $, which is higher than the annual fee on regular cards, and in the event of a decrease in the value of Bitcoin The rewards will also decrease.

In the final analysis

The cryptocurrency industry is developing by leaps and bounds, and it has begun to overlap with traditional products such as credit cards. You can buy virtual currency at tens of thousands of ATMs Bitcoin.

Cryptocurrency can also be purchased with a credit card on digital exchanges, although fees can be significant. While presenting a card Visa Credit, which was revealed, rewards in a currency Bitcoin.

Bearers may benefit from its fluctuating rate, earn generous transaction bonuses, and expect more such products in the future.