Is it legal to buy crypto with a credit card?

Yes, in most European countries, it's legal to purchase cryptocurrency with a credit card. However, some jurisdictions have specific regulations. For instance, the UK's Financial Conduct Authority has proposed restrictions on using credit cards to buy crypto, particularly for high-risk assets. Always check your local regulations and consult with your credit card issuer to ensure compliance.

Can I buy any cryptocurrency with a credit card in Europe?

Refunds for cryptocurrency purchases are generally challenging due to the irreversible nature of blockchain transactions. However, some platforms may offer refunds in specific circumstances. For example, Crypto.com allows refunds if the merchant agrees, but the refunded amount may vary based on the cryptocurrency's value at the time of the refund. Always review the refund policies of the platform you're using.

Can I get a refund after buying crypto?

No. All crypto purchases are final. Always double-check your wallet address before confirming.

Do I need a crypto wallet?

While it's not mandatory to have a crypto wallet to purchase cryptocurrency, it's highly recommended for security and control over your assets. Platforms like Zengo require a wallet to facilitate purchases. Using a wallet ensures you have full ownership of your private keys and can manage your crypto independently.

How to Buy Crypto?

To buy crypto in Europe, choose an EU-authorized platform compliant with MiCA rules, fund your account cheaply via SEPA in euro, complete KYC verification, and enable strong security like 2FA. Start with popular assets like Bitcoin or EUR-backed stablecoins, decide on custody (exchange or hardware wallet), and keep detailed records for tax reporting under upcoming EU regulations.

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Nemo42

September 15, 2025•3 min read

Sep 16, 2025 • 3 min read

How to Buy Crypto?

Frequently Asked Questions

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