The biggest crypto exchange in America stopped accepting credit cards. This news along with the information that the addition of the new credit cards as the new ways of payments will be blocked came into the light today as the Coinbase issued an official statement.

Blocking of the cards is explained by the fact that with them the exchange can’t guarantee safety and proper services to the clients. The ban will not touch debit cards, though. Usage of the cards can not give the proper crypto trading experience – this is the official statement.

Decision was also influenced by the reluctance of the big American and European banks to work with crypto and provide any transaction grounds for cryptos.

Users, who tied their card to the account will be able to continue using it for buying crypto. Exchange will only block new cards. Coinbase also warned: banks may take commission from any transaction involving cards of their issuing. In order to escape such losses, the exchange proposes to work with debit cards, which will not be blocked.