As a result of the associated risks, cryptocurrencies aren’t officially supported by governments or financial institutions.

Worse so, certain governments have warned their citizens about cryptocurrency investments and trading because the risk is so high.

Yet, there are still those who wholeheartedly disagree, indicating that the speculative nature of cryptocurrencies makes them a worthwhile addition to a long-term investment strategy.

However, for example, when it comes to the United States, finding a credit card issuer who is going to let you buy cryptocurrency is no easy feat.

In 2018, some of the most significant banks in the United States — Bank of America, Wells Fargo, TD Bank, Citigroup, Capitol One, Chase, etc. — all said “no” to enabling their customers to purchase cryptocurrencies using the cards they issue.

However, if you reside in the US and are looking to buy cryptocurrencies, certain smaller banks or credit unions may allow you to do so.

For instance, American Express gives you this option—nonetheless, only under strict regulatory requirements. They set an upfront daily ($200) and weekly ($1000) limit, which customers can’t exceed.

But, they also allow their US-based customers to link their cards to e-wallets to make cryptocurrency purchases.

This way, their customers have the option to make transactions with either an e-wallet or a credit card via select cryptocurrency exchanges that honor credit card transactions, (i.e. Coinmama, CEX.IO, Bitstamp, etc.).