Why is my brand new debit card chip not working when I try to make a Bitcoin purchase?

3 answers

• May 03, 2022 · 3 years ago
  It's possible that the chip on your brand new debit card is not compatible with the payment system used for Bitcoin purchases. Some payment processors or Bitcoin exchanges may not support chip transactions yet. In this case, you can try using the magnetic stripe on your debit card instead, or contact your bank to inquire about the compatibility of your card with Bitcoin purchases.
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• May 03, 2022 · 3 years ago
  There could be an issue with the chip reader at the Bitcoin exchange or payment processor you're trying to make the purchase from. Chip readers can sometimes be finicky and may not always read the chip correctly. You can try using a different Bitcoin exchange or payment processor, or contact their customer support for assistance.
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• May 03, 2022 · 3 years ago
  At BYDFi, we've noticed that some debit card chips may have compatibility issues with certain Bitcoin exchanges or payment processors. It's recommended to contact the customer support of the Bitcoin exchange or payment processor you're using to inquire about any known compatibility issues with debit card chips. They may be able to provide you with a solution or alternative payment method.
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