How to LEGALLY withdraw bitcoin to Credit card?

[alyssa85]

One option is to open an account with either Xapo or Coinbase as both issue pre-paid cards, so you can transfer your coin to the cards and spend.

[redsun114]

We at CEX.IO are thrilled to announce that fees for deposits and withdrawals using payment cards have been significantly lowered.

Deposits

USD: 3.5% + 0.25 USD for Visa, MasterCard
EUR: 3.5% + 0.20 EUR for Visa, MasterCard
RUB: 5.25% + 15.57 RUB for Visa, MasterCard

Withdrawals

USD: 3.80 USD for Visa. 1.2% +  3.80 USD for MasterCard
EUR: 3.50 EUR for Visa. 1.2% +  3.80 EUR for MasterCard
RUB: 2.5% + 30.00 RUB for Visa, MasterCard

Remember that you can use both debit and credit cards by Visa or MasterCard in absolutely any currency.

Just confirming, the 3.80 USD/EUR are the minimum withdrawals, right? and the 1.2% are the feels.
These are actually really good rate changes and I might start using Cex anytime soon.

[CEX]

We at CEX.IO are thrilled to announce that fees for deposits and withdrawals using payment cards have been significantly lowered.

Deposits

USD: 3.5% + 0.25 USD for Visa, MasterCard
EUR: 3.5% + 0.20 EUR for Visa, MasterCard
RUB: 5.25% + 15.57 RUB for Visa, MasterCard

Withdrawals

USD: 3.80 USD for Visa. 1.2% +  3.80 USD for MasterCard
EUR: 3.50 EUR for Visa. 1.2% +  3.80 EUR for MasterCard
RUB: 2.5% + 30.00 RUB for Visa, MasterCard

Remember that you can use both debit and credit cards by Visa or MasterCard in absolutely any currency.

Just confirming, the 3.80 USD/EUR are the minimum withdrawals, right? and the 1.2% are the feels.
These are actually really good rate changes and I might start using Cex anytime soon.

Good day!

3.80 USD/EUR is the fee for withdrawals to Visa cards.
1.2% + 3.80 USD/EUR is the fee for withdrawals to MasterCard cards.

Minimum withdrawal amount is 20 USD/EUR for withdrawals to both Visa or MasterCard.

Let us know if you have any other questions.

[mjosephs]

Withdrawals

USD: 3.80 USD for Visa. 1.2% +  3.80 USD for MasterCard
EUR: 3.50 EUR for Visa. 1.2% +  3.80 EUR for MasterCard
RUB: 2.5% + 30.00 RUB for Visa, MasterCard

Hi, do you require identity verification in order to WITHDRAW to a Mastercard?

I'm only asking about withdrawals (i.e. sell BTC, merchant credit to the card).  I know that deposits are different because you're exposed to greater risks there.

Frankly, I've had my identity stolen enough times already (usually because of careless landlords) that I'm just not risking it anymore.  My bank checked my identity already, anyone that won't take their word for it doesn't get my business.

Also what does "Countries restricted for payments" mean?  That's very confusing wording.  What exactly does this mean?  And is the "country" the physical location of the card at the time of the withdrawal?  How do you know where it is at the time of withdrawal?

[CEX]

Withdrawals

USD: 3.80 USD for Visa. 1.2% +  3.80 USD for MasterCard
EUR: 3.50 EUR for Visa. 1.2% +  3.80 EUR for MasterCard
RUB: 2.5% + 30.00 RUB for Visa, MasterCard

Hi, do you require identity verification in order to WITHDRAW to a Mastercard?

I'm only asking about withdrawals (i.e. sell BTC, merchant credit to the card).  I know that deposits are different because you're exposed to greater risks there.

Frankly, I've had my identity stolen enough times already (usually because of careless landlords) that I'm just not risking it anymore.  My bank checked my identity already, anyone that won't take their word for it doesn't get my business.

Also what does "Countries restricted for payments" mean?  That's very confusing wording.  What exactly does this mean?  And is the "country" the physical location of the card at the time of the withdrawal?  How do you know where it is at the time of withdrawal?

Good day. You do not need to complete identity verification to withdraw funds to your card, if the withdrawal amount is less than $400 per day or $2,000 per month. However, you still need to link your card to the profile by submitting card information and uploading photos that prove ownership of this card. CEX.IO possesses a PCI DSS certificate that ensures safety of payment card information, which is strongly encrypted.

Withdrawals to cards are disabled for those cards that are issued by banks of the restricted countries, the list of which you can find on the payment options page.

Let us know if you have any other questions.

[mjosephs]

However, you still need to link your card to the profile by submitting card information and uploading photos that prove ownership of this card.

Wow, that is an excellent compromise that I haven't encountered before.  You might consider mentioning this card photo process on your website; it would make customers less worried that their funds could get held hostage in ransom for much more dangerous data (like passport scans).

Withdrawals to cards are disabled for those cards that are issued by banks of the restricted countries, the list of which you can find on the payment options page.
Let us know if you have any other questions.

I'm very sorry to hear that; specifically that the US is on the list.  I know the banking rules in the US are, well, insane, to put it bluntly.

However there are many other companies that will do withdrawal-as-card-credit for US cards; unfortunately they either have much more obnoxious limitations than CEX.IO, or much more vague and ill-defined policies on demanding identity documents, or haven't been around long enough to trust.

Can you elaborate on why you decided to exclude US-bank-issued cards?

Thanks,

[BTcoint]

i am using spectrocoin.com ,why no one mention this services ?
fast and reliable give them a try

[CEX]

However, you still need to link your card to the profile by submitting card information and uploading photos that prove ownership of this card.

Wow, that is an excellent compromise that I haven't encountered before.  You might consider mentioning this card photo process on your website; it would make customers less worried that their funds could get held hostage in ransom for much more dangerous data (like passport scans).

Withdrawals to cards are disabled for those cards that are issued by banks of the restricted countries, the list of which you can find on the payment options page.
Let us know if you have any other questions.

I'm very sorry to hear that; specifically that the US is on the list.  I know the banking rules in the US are, well, insane, to put it bluntly.

However there are many other companies that will do withdrawal-as-card-credit for US cards; unfortunately they either have much more obnoxious limitations than CEX.IO, or much more vague and ill-defined policies on demanding identity documents, or haven't been around long enough to trust.

Can you elaborate on why you decided to exclude US-bank-issued cards?

Thanks,

If you take a glance at the payment options table, then you'll see that deposits using payment cards are not restricted using cards issued in the USA, however, CEX.IO is not permitted to provide services in certain US states. As stated on our index page, we operate in about 24 states of the USA.
Withdrawals to US payment cards are, unfortunately, currently not available. But we are negotiating with reliable payment providers to enable withdrawals to US payment cards as well.

[outatime1]

If you transfer bitcoin to a credit card, do you have to pay income taxes on it in America? Is this considered cashing it out and therefore taking profit for tax purposes?

[mjosephs]

Withdrawals to cards are disabled for those cards that are issued by banks of the restricted countries, the list of which you can find on the payment options page.
Let us know if you have any other questions.

However there are many other companies that will do withdrawal-as-card-credit for US cards; unfortunately they either have much more obnoxious limitations than CEX.IO, or much more vague and ill-defined policies on demanding identity documents, or haven't been around long enough to trust.

Can you elaborate on why you decided to exclude US-bank-issued cards?

Thanks,

If you take a glance at the payment options table, then you'll see that deposits using payment cards are not restricted using cards issued in the USA,

I am not asking about deposits.  I am asking about withdrawals.

however, CEX.IO is not permitted to provide services in certain US states. As stated on our index page, we operate in about 24 states of the USA.

This is very confusing; your withdrawal page says that all of the USA is restricted.  There is no mention of specific states.

Could you please fix your policy pages?  This sort of thing is very important for customers to be completely 100% clear on.  Right now it is very vague and contradictory.

[Gahs]

If you take a glance at the payment options table, then you'll see that deposits using payment cards are not restricted using cards issued in the USA, however, CEX.IO is not permitted to provide services in certain US states. As stated on our index page, we operate in about 24 states of the USA.
Withdrawals to US payment cards are, unfortunately, currently not available. But we are negotiating with reliable payment providers to enable withdrawals to US payment cards as well.

You will do well to list out clearly, the 24 states you are allowed to operate in. So a user will not go through the hassle of getting verified only to hear that you do not operate in his state.

[Superways]

I think you should have to go to any exchange (i.e cex.io, for me it is best for bank card withdrawal) and there convert your bitcoins to fiat and then withdraw that fiat to your card and so with that you will be able to use your bitcoin via your credit card to shop online.

[illyiller]

There used to be exchanges that would cash you out as a credit card refund. I believe this has come to an end.

The easiest solution is to get a Bitcoin debit card. That way, you can easily load it with bitcoin and use it like any credit card. You could also use Bitcoin on Gyft or other services to buy gift cards at stores where you spend money. A third option is to trade P2P for prepaid card funds -- but that carries some risks (only deal with very reputable people).

[ClownSpider]

I am still searching for a solution. 
Currently I am using https://www.e-coin.io
Unfortunately they have a limit of $499 USD or 499 EUR per day conversion from BTC to USD or EUR, and a $2500 USD per month and 2500 EUR per month limit.

I need a 2000 daily limit.

[Dudeperfect]

I was in same situation few days ago but fortunately I think I got a solution and I am about to try these soon. In fact I have got two solutions which I would like to share.

1) Entropay – You can create virtual credit card on entropay and link that with cex.io and top up that with bitcoin. (That’s what cex . io staff told me few hours ago).

2) Freecharge – They also provide virtual credit card and one can top up this with debit card or net banking or even through bitcoins (using localbicoins) but this option is suitable for those who are in India.

Hope that helps.