fund BIT-X account with credit card

[btc2code]

I am interested in bit-x as they accept credit card for deposit. Is bit-x legit? Anyone could vouch? Anyone already did deposit through credit card? What is the fee?

[Amph]

yeah they are legit don't worry, btw fee on deposit does not make sense(fee would come in this case only by your bank, if you deal in a different currencies, but as a far as i know bit-x don't charge any fee on deposit), there is only fee on withdrawal(about 120k satoshi right now)

[crazyivan]

It hard to vouch for anyone these days but yes, they seem to be OK. Still, go slowly, invest a bit and if you like, increase it.

[marcotheminer]

I have never deposited with a credit card but I would not hesitate to!

BIT-X is a licensed forex participant. Their official exchange announcement thread can be found here: https://bitcointalk.org/index.php?topic=874312.0

[rammy2k2]

yea, they are legit 100%

[dezoel]

I am interested in bit-x as they accept credit card for deposit. Is bit-x legit? Anyone could vouch? Anyone already did deposit through credit card? What is the fee?

very legit, I have some transaction on their site and no problem found...

[btc2code]

Is credit card deposit instant? If not, how long does it take? Are Bitcoin withdrawals processed immediately like btc-e does?

[Amph]

Is credit card deposit instant? If not, how long does it take? Are Bitcoin withdrawals processed immediately like btc-e does?

credit card deposit should be instant, as for bitcoin withdrawals, they are very fast too, tried several times, everything went smoothly in 5 mins

[spinnel]

Is credit card deposit instant? If not, how long does it take? Are Bitcoin withdrawals processed immediately like btc-e does?

credit card deposit should be instant, as for bitcoin withdrawals, they are very fast too, tried several times, everything went smoothly in 5 mins

Do they keep most of their funds in cold wallets and do they have multisig on their hot wallets?

[marcotheminer]

Is credit card deposit instant? If not, how long does it take? Are Bitcoin withdrawals processed immediately like btc-e does?

credit card deposit should be instant, as for bitcoin withdrawals, they are very fast too, tried several times, everything went smoothly in 5 mins

Do they keep most of their funds in cold wallets and do they have multisig on their hot wallets?

I believe they utilise both multi signature hot and cold wallets. I'll have an official response shortly.

[marcotheminer]

Is credit card deposit instant? If not, how long does it take? Are Bitcoin withdrawals processed immediately like btc-e does?

credit card deposit should be instant, as for bitcoin withdrawals, they are very fast too, tried several times, everything went smoothly in 5 mins

Do they keep most of their funds in cold wallets and do they have multisig on their hot wallets?

Here's your official response:

The majority of BIT-X's funds are held in multisignature true cold storage (never connected to the internet). A small portion (50 BTC or so, replenished with manual approval) of funds are held in multisignature hot wallets.

[btc2code]

I keep looking on the order book of bit-x.com in the past 30 hours. The ptice of bitfinex already moved 10+ USD in the smae time. However, I don't see any change in the order book of bit-x. It seems that there is no trade activities...

[simpic]

How long does it take to being verified?
Does it keep any fees on deposits made with credit card?

[marcotheminer]

I keep looking on the order book of bit-x.com in the past 30 hours. The ptice of bitfinex already moved 10+ USD in the smae time. However, I don't see any change in the order book of bit-x. It seems that there is no trade activities...

Last time I checked, there were some large buy and sell walls. This could be the reason for the stability?

[marcotheminer]

How long does it take to being verified?
Does it keep any fees on deposits made with credit card?

Verification is usually approved within a few hours to a day.

There are no fees on deposits made with your credit card.

[btc2code]

Bit-x.com is attractive to me for credit card deposit. But I am much worried for my ID documents submitted for verfication. How does bit-x.com protect customers' ID documents from not reused in other purpose. I have this concern because bit-x.com is new.

[dezoel]

Bit-x.com is attractive to me for credit card deposit. But I am much worried for my ID documents submitted for verfication. How does bit-x.com protect customers' ID documents from not reused in other purpose. I have this concern because bit-x.com is new.

me too,
They must protect our ID document. Or they'll never have costumers,

[cryptojumper]

Bit-x.com is attractive to me for credit card deposit. But I am much worried for my ID documents submitted for verfication. How does bit-x.com protect customers' ID documents from not reused in other purpose. I have this concern because bit-x.com is new.

me too,
They must protect our ID document. Or they'll never have costumers,

Me three, I would use a credit card to buy something there since they look to be legit, but why can't I just buy like anything else with my card. I don't have to upload my documents when I buy in other online store. Btw, do they accept skrill payments like virwox ?

[marcotheminer]

Bit-x.com is attractive to me for credit card deposit. But I am much worried for my ID documents submitted for verfication. How does bit-x.com protect customers' ID documents from not reused in other purpose. I have this concern because bit-x.com is new.

me too,
They must protect our ID document. Or they'll never have costumers,

Me three, I would use a credit card to buy something there since they look to be legit, but why can't I just buy like anything else with my card. I don't have to upload my documents when I buy in other online store. Btw, do they accept skrill payments like virwox ?

Since BIT-X is a licensed platform, they must comply with AML and KYC laws & regulations. This includes verifying the identity of customers once certain amounts are traded or once certain deposit methods are used.

[marcotheminer]

Bit-x.com is attractive to me for credit card deposit. But I am much worried for my ID documents submitted for verfication. How does bit-x.com protect customers' ID documents from not reused in other purpose. I have this concern because bit-x.com is new.

I'll have a response shortly.