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Credit and Debit Cards, A Necessary Evil.

Credit cards can be a useful financial tool for some people, but they are not necessary for everyone. They can be a convenient way to make purchases and build credit, but they also come with risks, such as the potential for high interest charges if balances are not paid off in full each month. It's also important to weigh the pros and cons and decide if a credit card is right for you based on your financial situation and spending habits.

Also, credit cards such as Visa and Mastercard also charges merchants a fee for accepting their payment card system as a form of payment. This fee is known as the "merchant discount fee" or "interchange fee," and it is a percentage of the transaction amount plus a fixed amount called the "interchange rate." The merchant discount fee is typically paid by the merchant's acquiring bank, which then passes on a portion of the fee to the merchant.

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There are several ways that credit cards and cryptocurrency intersect. Some credit card companies allow their customers to purchase cryptocurrency using their credit cards. This can be a convenient way to buy cryptocurrency, but it is important to be aware of other fees associated with using a credit card and the potential for high interest charges if you do not pay off your balance in full each month. 

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Additionally, some merchants accept cryptocurrency as a form of payment, and it is possible to use a credit card to buy goods and services from these merchants indirectly by first purchasing cryptocurrency and then using it to make a purchase. It's also possible to use a cryptocurrency debit card, which is a card that is linked to a cryptocurrency wallet and can be used to make purchases in the same way as a traditional debit card.

There are several ways that you can use credit\debit cards to buy cryptocurrency:

·       Through a cryptocurrency exchange: Many exchanges, such as Coinbase, allow you to link your credit card to your account. This can make it easier to buy and sell cryptocurrency, as you can do so using funds from your credit card.

·      Through a peer-to-peer marketplace: Sites like LocalBitcoins allow you to buy bitcoin from individuals using a variety of payment methods, including credit cards.

·       Through a bitcoin ATM: Some bitcoin ATMs allow you to buy bitcoin using your credit card.

Two crypto debit cards which I have personally tested and recommend are Crypto.com and Nexo. 

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