Is it impossible or is there a way?

[Xeervier]

Hi,

I heard someone says it's impossible to convert or get cash from credit.

You can only buy stuff but can't get cash.

Are there any ways to do that legally speaking?

Don't know if any crypto can be bought with credit

 

[xReminisce]

What is the "Credit" you are speaking of?

 

[Scorpion Ghost]

What is the "Credit" you are speaking of?

That is the question.

I dont know what it is, but i want some. Give me free credits, now!!!

And give me internet moneys, now!!!

 

[Xeervier]

What is the "Credit" you are speaking of?

Credit card

 

[xReminisce]

Credit card

You can buy Gift Cards with Credit Card -> Sell Gift Cards for Cash
I am 99% positive you can buy crypto with a credit card aswell
https://www.binance.com/en-IN/suppo...nce-homepage-400c38f5e0cd4b46a1d0805c296b5582

 

[Xeervier]

You can buy Gift Cards with Credit Card -> Sell Gift Cards for Cash
I am 99% positive you can buy crypto with a credit card aswell

Where can you buy crypto with credit? Even the gift cards.

I had the gift card idea as a thought but factually not sure.

Appreciate any help

 

[xReminisce]

Where can you buy crypto with credit? Even the gift cards.

I had the gift card idea as a thought but factually not sure.

Appreciate any help

Binance (Crypto)
Apple/Amazon (for giftcards)
Even supermarkets for sure (giftcards)

 

[dami3n]

You can withdraw cash from a credit card at banks. It however charges you for it.

Is that what you are referencing?

 

[Xeervier]

You can withdraw cash from a credit card at banks. It however charges you for it.

Is that what you are referencing?

Wait didn't know that's possible in the first place, it's the simplest.

And yes, thanks

 

[Xeervier]

Binance (Crypto)
Apple/Amazon (for giftcards)
Even supermarkets for sure (giftcards)

Thanks appreciate it

 

[jsalim93]

Hi,

I heard someone says it's impossible to convert or get cash from credit.

You can only buy stuff but can't get cash.

Are there any ways to do that legally speaking?

Don't know if any crypto can be bought with credit

Some banks does allow you take cash out from credit cards (it's called cash advance). You will need to go to a bank atm machine, and put your credit card inside the atm, and it will ask you if you want utilize cash advance (some credit cards will give you cash advance anywhere between $50-$2,500 depending how valuable the credit card is). Don't forget that banks charges hefty interest rates for cash advance.

 

[jcodeunlock]

Credit card

Method 1: The best way to buy btc with credit card is to link the card with Apple pay then use the Apple pay to purchase bitcoin on trustwallet or bitpay.
Method 2: you can use credit card to purchase bitcoin directly from coinmama

 

[MJAMZ]

Not sure about the legality of it ( against the tos of the merchant processors I use ) but you could charge your credit card on your own merchant processing portal. Obviously there is a small fee for merchant services but in this way you get an interest free line of credit for 30 days. Pay it before your due date and charge it again as soon as the payment settles so the clock restarts.