Why can't i buy crypto on my Mastercard?

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The question of which credit cards allow cryptocurrency purchases is a common inquiry among those seeking to enter the digital asset market. While the possibility of using a credit card to acquire cryptocurrencies exists, it's essential to note that not all card issuers permit such transactions.

The two major credit card networks, Mastercard and Visa, technically support the use of their cards for cryptocurrency purchases. However, the implementation of this support varies greatly depending on the issuing bank's policies.

Many banks that issue Mastercard and Visa credit cards have implemented restrictions or outright bans on using their cards for cryptocurrency transactions. These decisions are often rooted in concerns over fraud, money laundering, and the volatility of the cryptocurrency market.

As a result, individuals seeking to purchase cryptocurrencies with a credit card may find their options limited. It's essential to research the policies of your credit card issuer before attempting to use your card for a cryptocurrency purchase.