Visa card pre authorized to buy bitcoin
credit cards have advantages and disadvantages. We need to see which cards can be purchased and which can't be purchased. If we make mistakes in purchasing, we need to know how to take responsibility. Let me introce to you what credit cards are and how to use them. I hope credit cards will have a good development
1. What are the risks of buying bitcoin with a credit or debit card? First of all, you have to make sure that the company or exchange where you buy bitcoin is well-known and trustworthy. Because some illegal exchanges may steal or users' credit / debit card information to realize illegal transactions
2. What are the advantages and disadvantages of using a credit or debit card to buy bitcoin? Advantages: convenient and fast. In view of the popularity of online shopping with credit or debit cards, it is very good for some customers who are not very proficient in technology to buy bitcoin with credit or debit cards. Disadvantages: high handling charges and limited purchase quantity
3. Can I buy bitcoin with my stolen credit card? Absolutely not. Because the exchange needs you to complete the information authentication, you can't pass the authentication by using the stolen card. At the same time, it's illegal. Please don't do it
4. Can I buy bitcoin with prepaid card? Most exchanges don't allow users to use prepaid debit cards to buy bitcoin
5. If the purchase quantity is limited, can I buy more bitcoin from multiple exchanges? Of course
6. Why was it so difficult to buy bitcoin with credit card before? Because the use of credit card payment can also be revoked
in fact, many businesses can't receive the account immediately. It usually takes 60 days. But bitcoin transaction is irreversible, so it is very risky for businesses to sell bitcoin to users who pay by credit card. But now the exchange has found a new way to prevent such fraud, so it is now possible to buy bitcoin with a credit card. Do you know how to make a credit card purchase
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in terms of market value, bitcoin is still the largest cryptocurrency, still ahead of the market, with a total value of about US $137 billion; When the price of bitcoin plummets, other cryptocurrencies are not immune but why should the price of bitcoin fall? In fact, there are many factors. This sharp decline began with the price of bitcoin, which began to soar last year. Even if the current price is only $8400, the price of bitcoin is about 850% higher than that of the same period last year. If you are an early investor, the profit margin is still very high
Charles Hayter, chief executive of cryptocompare, a cryptocurrency comparison platform, agreed. He believes that most of the recent regulatory measures have been positive and effective, and will & lt; Bring strict supervision and long-term stability for example, there have been several bans recently. Many mainstream banks in the United States and the United Kingdom prohibit customers from buying bitcoin through credit cards. Trevor gerszt, chief executive of coinira, a digital currency savings company, said in an email that the credit card ban & lt; It's a bad thing. It prevents low credit buyers from using cheap credit to influence the price of bitcoin& rdquo;Visa, a powerful payment giant with many users around the world, announced that it will support the payment function of virtual currency stable currency (usdc) on its platform. As the most influential payment platform in the world, supporting the entry of virtual digital currency not only increases the access channel of virtual currency, but also means that virtual currency has been graally recognized and supported by the market, which has become a trend of future currency development
although virtual currency has incomparable advantages over traditional paper currency, e to the lack of an international standard and agreement, its price is often hyped up and down by intentional speculators. For the popularization and application of virtual currency in the world, there is still a long way to go in the future
pre authorization:
pre authorization of credit card refers to the transaction in which the card issuing institution or its agent confirms the permitted frozen amount before the special merchant dects money
pre authorization will occupy the credit limit of the card. When the customer settles the pre authorization, the pre authorization will be cancelled
within 30 days after the pre authorization, if the customer does not make settlement, the pre authorization will be cancelled
generally speaking, it is a way of prepayment, which can be understood as "deposit". When a consumer holds a credit card to book a hotel or air ticket, the bank will first freeze part of the funds on the credit card as a "deposit" for the merchant's consumption. After the completion of the consumption, the merchant can formally dect this part of the funds only after the cardholder signs for confirmation, that is, pre authorization confirmation.
pre authorization transaction is specially designed for the transaction characteristics of hotels, hotels, car rental companies or hospitals. The transaction authorization and fund clearing of such merchants are not synchronized, and the estimated consumption amount may not be consistent with the actual settlement amount. When the merchants consume, they need to obtain the transaction authorization of the card issuing bank at the POS terminal of the special merchant in advance according to the estimated consumption amount in advance, and confirm the original transaction authorization at the time of settlement, so as to complete the consumption payment
(answer time: August 8, 2019, in case of business change, please refer to the actual situation.)