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In all fairness, Coinbase doesn't accept credit cards because that same consumer protection can be abused into defrauding them. Which, seems reasonable :)
by imsofuture 13y ago
In all fairness, Coinbase doesn't accept credit cards because that same consumer protection can be abused into defrauding them. Which, seems reasonable :)
- lisper 13y agoCB could accept credit cards without too much risk if they chose to by e.g. putting a 60-day hold on all BTC bought with credit cards. My guess is they don't take credit cards because they have their hands full dealing with their business as it stands, and adding the extra business logic to accept credit cards would just be too big of a PITA. Another possibility is that the credit card companies won't allow them to do it.