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Hey

@jespow

in the wake of the latest news in regards to

@binance

enabling credit/debit card crypto purchases I wonder is that something we will see implemented into

@krakenfx

? Thanks. #bitcoin #cryptocurrency #exchange

Replying to

Eventually, but it is not high on our priorities. Buying with a credit card is something that I would recommend only as a last resort. One should generally not take out high interest loans to buy volatile currencies.

11:41 PM · Jan 31, 2019Twitter Web Client

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Sam Reed

@STRML_

Feb 1, 2019

It's far less about a loan (buying crypto on credit is madness) and more about convenience. Entering your numbers into the site is a lot easier and more familiar than a bank transfer. The tx fees make it impractical, unfortunately.

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Jesse Powell

@jespow

Feb 1, 2019

Even if you are paying off your full balance at the end of every month and not incurring interest charges, the fees for buying crypto with a credit card can be 5-10%. If you're buying in small quantities, this is potentially still better than the cost of a bank transfer though.