hhuummm Bitcoin and credit cards - page 2.

mishax1

legendary

Activity: 2898

Merit: 1017

Quote from: Tori_Stanwood on March 16, 2015, 12:19:44 PM

But in some circumstances the credit card option would work. Would like to see what others think and even more hear from someone who has used this option. Like find out who has used what as far as credit cards go.

I have used a credit card to buy Bitcoin off an exchange, but that was a local exchange and I had to have a verified account for legal reasons (bank and identity) for that.

Are you a US resident ?

Today it is not yet simple enough to use credit cards to buy Bitcoin with low fees and without a verified account, only from an ATM (but the fees are still not low enough).

Tori_Stanwood

newbie

Activity: 25

Merit: 0

But in some circumstances the credit card option would work. Would like to see what others think and even more hear from someone who has used this option. Like find out who has used what as far as credit cards go.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: mishax1 on March 16, 2015, 10:57:51 AM

Mind that the fees on coin.mx when depositing with credit cards is 7.5% and their bitcoin price is 10% higher than on the market.

You better find an ATM or just register with a an exchange, or even try coinbase.com or https://www.circle.com.

I highly agree with using coinbase. It will take a little time to setup but is well worth it in long run. With credit cards the fees just add up and most don't want credit card purchases.

In less then a week you could be set up with coinbase. One thing I suggest is opening a checking account just for it to keep your regular checking account not touched by anything on web.

mishax1

legendary

Activity: 2898

Merit: 1017

Mind that the fees on coin.mx when depositing with credit cards is 7.5% and their bitcoin price is 10% higher than on the market. **EDIT: I now see that they are also an exchange and you can buy it cheaper than the 10% I stated..

You better find an ATM or just register with a an exchange, or even try coinbase.com or https://www.circle.com.

And of course after you buy bitcoin you should secure it in your own private wallet.

Tori_Stanwood

newbie

Activity: 25

Merit: 0

Since I have been digging into the bitcoin and altcoin subject. I have seen sites that offer the option of buying with credit card. I have considered this idea but how does that work. You go to the site and buy a few with your credit card and get a confirmation email then see the coin in your wallet. Is this all there is to it.

Has anyone bought coin using credit card?

I am looking at sites like https://cex.io/buy-bitcoins, https://coin.mx/, http://www.plusbitcoin.net/buy-bitcoins-with-credit-card/

What your thoughts?

Topic: hhuummm Bitcoin and credit cards - page 2. (Read 1633 times)