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Author Topic: Most cost-effective way to buy $20,000 USD Bitcoin using Credit Cards?  (Read 115 times)
danieleither (OP)
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April 25, 2020, 08:19:50 PM
 #1

I am looking to make a purchase of miners to build a small farm here in the UK. The equipment will cost around £16,500 GBP which is approximately $20,000 US Dollars. The supplier does not accept credit cards however they do accept Bitcoin. As I would like to put the purchase onto my credit cards, I need to purchase approximately $20,000 USD of Bitcoin.

So my question, simply, is what is the most cost effective (and safe) way to do this? I have registered an account with Coinmama and the transaction fees seem reasonable, however they have limits in place which will stop me doing this much.
petahasher
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April 25, 2020, 09:34:01 PM
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Are you 100% sure that you're not dealing with a blatant scam? $20K seems like it should be done through a wire transfer, or some local bank option. You're going to have a real tough time trying to get $20K in BTC using only credit cards.
danieleither (OP)
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April 25, 2020, 10:51:13 PM
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The vender is Coinmining Central - who seem to check out as a valid supplier?

Wire-purchase is fine if you have the money sat in a bank account, however I don't (hence I would like to use my credit cards).
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