true A In the face of increasing regulation by authorities worldwide, cryptocurrencies are coming under increasing pressure. The value of a unit of the most well-known digital currency Bitcoin fell on Friday on leading trading platforms such as Bitstamp under $ 9,000. A minus of ten percent to $ 8366 was recorded. This week alone,…Read More
The speculation about the Bitcoin crypto system is causing investors high losses this week. Bild: dpa The descent of Bitcoin continues. The krypto investment is reduced by about ten percent and costs less than $ 9,000. Investors have lost about 25 percent this week. What's up? true A In the face of increasing regulation by…Read More
The Bundesbank warns: Bitcoin is extremely risky – and billions of investors are in danger, writes central bank chairman Carl-Ludwig Thiele in the Frankfurter Allgemeine Sonntagszeitung. But that's not the only negative thing about the cryptocurrency. Source linkRead More
I was excited to learn that Bitstamp allowed purchases of Crypto with a credit card, but soon learned the hard way this is a huge rip off.
I was fine with paying the 5% fee that Bitstamp outlines in their fee structure. However, what they DON’T say is that this is not transacted as a purchase, like it claims on their site, but instead is charged as a cash advance. So therefor I have to incur MORE astronomical fees by my bank.
You already make me call my bank each time I’ve purchased crypto, so after going through extensive verifications, there is no worry that I will later try to reverse the charges or claim that it wasn’t me making them. So there is absolutely no reason for you to charge this as a cash advance.
Shame on you for doing this, and not being transparent about it!