UK news: Lloyds Bank, Bank of Scotland, Halifax and MBNA to stop customers using credit cards to buy Bitcoin and other cryptocurrencies. Obviously the obsolete legacy financial system is just *jealous*
These 6 out of 9 UK Banks still allow Bitcoin to be bought on Credit cards
If you think it is outrageous that a Bank can tell you want to do with your with money (credit or otherwise), then vote with your feet!
Lloyds Bank: BANNED
"Across Lloyds Bank, Bank of Scotland, Halifax and MBNA, we do not accept credit card transactions involving the purchase of cryptocurrencies."
"At present UK customers can use both their Barclays debit card and Barclaycard credit card to purchase cryptocurrency legitimately. We take precautions to assess affordability before extending credit, flag and prevent any suspicious transactions and also closely monitor credit risk."
Royal Bank of Scotland: ALLOWED
"We constantly review transactions but do currently accept credit card transactions for cryptocurrencies,"
"We don’t block payments for customers wishing to purchase cryptocurrencies when they use a TSB credit card or debit card, however we continue to monitor the use of cryptocurrencies and we will review our position on an ongoing basis,"
Virgin Money: BANNED
"I can confirm that customers will no longer be able to use their Virgin Money credit card to purchase crypto-currencies,"
As it is wholly owned by RBS, Natwest's position is the same as its parent, and it currently allows customers to buy bitcoin on its credit cards.
We will continue to monitor crypto-currencies as we do with any other factors that could impact our customers,"
"HSBC currently allows its customers to purchase digital currencies using their debit and credit cards. Our credit policies remain under constant review and we monitor individual credit card transactions in line with our usual procedures."
UK Bank Lloyds Bans Bitcoin Buying on Credit Cards. And JP Morgan Chase, Bank of America and Citigroup did the same few days ago. The United Nations Children’s Fund (UNICEF) has launched a new fundraising program meant to help finance the needs of protecting Syrian kids.
Alternatives to circle or coinbase for buying bitcoin with debit/credit card at fair prices in UK?
Just got the update on my circle app that they are phasing out bitcoin and I can't buy/sell. Anyone had any success with other exchanges? I know it's a bit lazy of me but I wonder if there's a go-to alternative the community uses to potentially save me some time. Thanks.
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