A friend of mine has some prepaid debit cards and wants to buy some bitcoins using those. Do you guys know any site where we can buy bitcoins instantly using debit cards?
I have heard sites require verification? How can he verify those? he cant get a statement of those cards.
Thanks and Regards
I remember using a service called
Indacoin a while ago which supported buying bitcoins using debit cards. The prices were a little on the high side but very similar to what I saw on LocalBitcoins. Mind you, this was over half a year ago so I'm not sure if they still have this option but I can't see anything on their site that would indicate that this has changed.
It's not easy for companies to accept debit cards for the buying of BTC since debit cards support chargebacks while BTC doesn't. A dishonest person could offer to buy BTC using a debit card and then once he got the BTC, initiate a chargeback that would leave the seller out of pocket. Hence the reason why companies that do offer it as an option tend to implement strict maximum purchase limits and proof of ID requirements.