The bank card is the gateway to the modern world. Money flows are the most important constituent of any economy and individual success in a world that is characterized by rampant mercantilism, capitalism and complete devaluation of human nature. Individuality takes centerstage in a world that worships financial success and considers the bank account balance as the main characteristics defining such. With such a world surrounding us, we are forced to accept the reality of financial dominance and live by its rules, lest we become marginals and outcast from society that is no longer capable of comprehending just how obtuse it has become.
In a world that places any financial services company above a scientific one in terms of investment attractiveness, we will always be backwards. In a world that elevates exchangers and brokers to demigod status, we will always be mere mortals. This is the reality that has been created by capitalism and the bank card is the defining symbol of the era. More importantly, the American Express card is the most coveted and highly elevated symbol of a world that is not even noticing how it is decaying, or simply ignoring the evident fact for the sake of blissful ignorance.
The events of the 2008 financial crisis were dampened to a larger extent by major financial injections and bailouts of banks that had suffered catastrophic failures and losses. For a decade and a half, the world had forgotten about that financial disaster, blissfully ignoring the systemic drawbacks that had led to the crisis in the first place. Injecting some money into an inherently flawed system and letting it run onward without introducing any significant changes into its core characteristics was the most fatal mistake ever made by western financial and economic entities.
The events of 2020, with the coronavirus pandemic and global economic downturn, have revealed the same faults of the system that had taken shape in 2008. The resulting crisis was the continuation of the last, only exacerbated by an even more global catastrophe. Two years later, the events of 2022 finally struck a last remaining pillar of stability that the global financial system had been standing on and it started to collapse. The failures of major banks in the United States and the domino effect in Europe were a natural consequence that has elevated new and alternative instruments as viable means of payments.
But while the United States Dollar suffered blow after blow, the symbol of its financial dominance remained and the blockchain-based decentralized digital economy continued using it. Even as the Dollar loses dominance, millions of users are still posing queries in search engines about how to buy Bitcoin with American Express.
Buying Bitcoin Using Bank Cards
Any self-respecting cryptocurrency exchange offers its users an abundance of means for transferring funds both onto the platform and off of it. The bank card is just one of the methods and SERS start trading more info as the number of such gateways grows. Users can buy other cryptocurrencies with fiat or digital assets as well, provided they top up their account balances. With a gateway connected to their personal accounts, users can use debit cards and gift others with digital assets. Other gateways include:
- Bank cards;
- Digital wallets;
- Blockchain wallets.
When buying Bitcoin with a bank card, be it American Express, or any other, users will have to pay a certain commission to the exchange. This is the way cryptocurrency exchanges earn, and how they keep the circulation of funds within the economy flowing. Users can use an express card to buy even fiat on such exchanges, though that option is far from popular in the cryptocurrency domain.
Ethereum classic is another digital currency that has been gaining dominance ever since its inception and is being used by people around the world as a means of transacting. The reviews back all the statements made about the currency and give it the status of a reliable means of value storage and transacting that can be used as a long-term investment as well.
The complete guide to buying Bitcoin using cryptocurrency can be found on every individual exchange, as the process differs slightly in terms of the terminology. However, in general, the steps needed to buy Bitcoin with American Express or any other card are nearly identical. Users can make money with their earnings and trade on any platform that provides on and off ramps for transferring funds in national fiat currencies.
Your AmEx card can be used to buy Bitcoin on P2P exchanges as well, however most such platforms require users to connect an external wallet, which in itself can provide them with the necessary functionality to buy any digital currency using fiat. The platform that does not provide its users with the ability to connect a bank card will inevitably lose to the competition eventually, and decentralized exchanges are starting to realize that. Many that had dominated the market have long gone from the list of leading platforms due to such a blunder.
Key Takeaways
American Express is one of the most popular gateways in the world for transferring US Dollars. However, the changes taking place in the world are leading a growing number of people to deviate from the currency towards their national currencies, creating a situation of financial multipolarity. This creates an ideal situation for the use of Bitcoin and other cryptocurrencies as a means of transacting in the global economy, which will eventually become fairer. Still, the American Express card will continue to maintain its position of prestige and status.
