Bitcoin Forum

http://www.bitcoininsanity.com (http://www.bitcoininsanity.com)

From the site:
Bitcoin Insanity offers multiple payment methods, making purchasing bitcoins a breeze. We accept all major credit cards, PayPal, bank wires, and cashiers checks. Prior to ordering you will need to have your own wallet address.

On Twitter it says they are offering 15% off for just launching.
https://twitter.com/BitcoinInsanity
 (https://twitter.com/BitcoinInsanity)

I am interested..has anyone tried this already?

guest checkout  for paypal is possible without creating account ?

Yeah I placed an order already, got my $10 worth delivered in about ten minutes.  ;D

Anyone with actual rep try this yet?  Because so far, it looks like you are a sock puppet.

Just go to coin.mx if you seriously want to use credit card. After fees and such it comes out to being about 10% over bitstamp.

WATCH OUT guys ... something seriously fishy here !!

From the guy with red trust?

op are you the founder of this site or affiliate or did you used this site before ??

Nothing fishy about PayPal and payment gateway.


Yes, I am the largest member of the LLC.

Just to confirm, after wondering if I should try this out or not, I ordered the 25usd order today and everything went great. Btc was sent fast (in a few minutes).
Only negative side is that I wanted to order 0.01btc more because I need it :) but wasnt able to due to 1 order per 24 hour period limitation.
Also, the discount for first day orders was nice, too bad it wont last longer.
I can recommend this site (atleast for now) and would use it again if I needed more btc.

lenkug/Therealnano is a legit trader on both these forums and Bitcoin-OTC...traded with him tons of times.  I would use this service without any fear of him scamming me any day of the week.

Even he's bad but I can attest to coin.mx!

;D

Nice now OP have a Vouch from a trusted member .. GOOD LUCK !!

We are aware that there is a bug in the phone verification. Should be back up and running within 2 hours.

EDIT: Phone verification bug is fixed.

Placed an order for $25.

Will update when btc is received. Thanks for your service!!

We are up to date with all orders, so you should have received yours already!

http://www.cryptocoinsnews.com/news/bitcoin-insanity-new-convenience-service-offers-bitcoin-credit-card-paypal/2014/04/11

bitcoininsanity charges $500 per bitcoin when the average market price is currently < $430. That's a bit of a ripoff don't you think?

Its a rip off to scammers looking to unload stolen accounts and cards. Anyone can get a fake ID and cards, stolen accounts. That seems why these new buy btc by credit/paypal are limited to 25 bucks or so. Hopefully a trust system can be implemented to purchase larger amounts

What exactly are you trying to say?
"Its a rip off to scammers"? What?

If anything, scammers are doing the ripping off. Bitcoin Insanity is the only one taking the risk.
There are fraud detection methods set in place to prevent that from happening.

This is a heaven for scammers which you can detect and report back to the community!

Well scammers are going to be using stolen credit cards with different names and are behind proxies, so no, they cannot be exposed.

What a strange conversation this thread is having. People griping about marked up prices when clearly this service provides a convenience you won't get anywhere else without giving up your obscurity entirely. Try looking at Coinbase's revised TOS, which basically bends you over backwards and searches your pockets for everything. Even Coin.MX is somewhat loose when it comes to protecting your privacy.

I gave the service a try yesterday and bought the smallest amount 0.014 BTC for $10. The first confirmation arrived in my wallet within three minutes. If had bought that on something like Coinbase, I would have had to wait for 4-5 business days before I saw that coin! Ever since Coinbase started being an IRS lapdog, and sucking up to the central bankers I dumped them and have been looking for an alternative. Since I don't make HUGE BTC purchases all at once, this service is absolutely perfect for me!

It minimizes my risk in dealing with purchasing BTC: makes it easy, convenient and FAST!

It is good, but too expensive!

tried but expensive, any way to make em affordable?

Unfortunately, with the nature of accepting reversible payment methods with bitcoins, I have to keep the limits and margins where they are at now.
I hope that in the coming weeks, when I have more data to analyze, I am able to raise limits with smaller margins. Until then, it is what it is.

What a wonderful news

I can use my credit card to buy coins now

We added a live support chat for quick answers for questions you might have!

So you can only buy $25 a day?

I need $260 worth via CC.

Anyone?

Interesting. Can you do the opposite? Sell Bitcoins for cash directly to your CC/Paypal?

We are working on implementing that.

Successfully bought 0.044BTC for 25$ - took around 2 hours but I suppose that's only because I ordered two hours before weekend opening hours.

 8)

Also, the long awaited SSL cert on the login and checkout pages are up.
We are changing terminals to Authorize.net which should be up tomorrow!