is it permissible to buy Crypto money with a credit card 🤔
The short answer is yes, but with conditions. Firstly you need to ensure the coin you are buying is permissible, and secondly, you need to ensure the credit card meets the criteria as detailed in our recent post for halal credit card transactions https://cryptoummah.com/are-credit-cards-haram
Basically, if you are buying a halal coin and can clear the debt on the credit card without incurring interest payments then there should be no issue iA. If you do go into debt and are forced to pay interest then the transaction effectively becomes a haram transaction, along with any profits.
As a general rule, when investing you should only use money you can afford to lose. If you are in a situation where you have to use credit cards due to lack of funds, our recommendation would be to stay away from risky assets like crypto. Hope that helps iA
