Coinbase Cuts Off New Credit Cards for US Customers

Cryptocurrency startup Coinbase said Tuesday that its U.S.-based users won’t be able to add new credit cards as a payment option.

Making the announcement through its official blog post on Feb. 13, Coinbase said the platform currently is unable to offer a smooth credit card purchase experience. As a result, it has “disabled adding new credit cards as a payment method for U.S. customers.”

The move is a follow-up to the platform’s previous confirmation that credit cards issued by four U.S. banks are barred from being used to buy cryptocurrencies. Coinbase said, however, that debit cards remain as a payment option.

“We know many customers have added credit cards as their primary payment method; we did not make this decision lightly,” the company said in the post. “We are actively working with card networks and card issuers to find a long term solution. For customers in the UK, EU, Canada, Australia and Singapore, we are collecting feedback and evaluating similar changes.” […]

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