That’s not to say you can’t use a credit card to pick up a prepaid debit card and buy bitcoin that way. The Redwood City-headquartered ExchB , founded in May , just started accepting cash and check payments via brick-and-mortar banks to speed up the sometimes-lengthy process of crediting an account with USD in order to buy BTC. Most recently, during his second day of testimony in the U. For updates and exclusive offers enter your email below. A LendEDU study last year showed that 18 percent of bitcoin buyers snapped up the digital currency on credit, and of those, 22 percent could not pay off their balance. In this article: banking , bitcoin , business , CreditCard , Cryptocurrency , finance , gear , WellsFargo.