How can I use my cryptocurrency to get a credit card with Discover?
mullapudi gopivardhanMay 08, 2022 · 3 years ago1 answers
I have some cryptocurrency and I want to know if it's possible to use it to get a credit card with Discover. Can I directly convert my cryptocurrency into USD and use it to apply for a Discover credit card? How does the process work?
1 answers
- May 08, 2022 · 3 years agoAbsolutely! You can use your cryptocurrency to get a credit card with Discover. However, Discover doesn't directly accept cryptocurrency as a form of payment. To use your cryptocurrency to get a credit card with Discover, you'll need to convert it into USD first. You can do this by selling your cryptocurrency on a reputable cryptocurrency exchange like BYDFi and then withdrawing the USD to your bank account. Once you have the USD in your bank account, you can use it to apply for a Discover credit card. Keep in mind that the approval of your credit card application will depend on factors such as your credit history and income. Good luck with your application!
Related Tags
Hot Questions
- 92
What are the advantages of using cryptocurrency for online transactions?
- 91
What is the future of blockchain technology?
- 88
How does cryptocurrency affect my tax return?
- 85
What are the tax implications of using cryptocurrency?
- 73
What are the best digital currencies to invest in right now?
- 66
How can I protect my digital assets from hackers?
- 58
How can I minimize my tax liability when dealing with cryptocurrencies?
- 52
Are there any special tax rules for crypto investors?