[2016-08-17] Bitcoin.com adds functionality for buying BTC with a credit card

[DooMAD]

The Bitcoin.com Buy Bitcoin Page is making it easier to get bitcoin by partnering with Simplex – a company that adds a standard e-commerce layer to popular bitcoin exchanges, giving customers all over the world way more payment options.

Bitcoin.com owner Roger Ver said:

Bitcoin.com is proud to be at the forefront of integrations with the traditional financial system, in order to make Bitcoin easier for people around the world to use in their daily lives.

https://news.bitcoin.com/buy-bitcoin-credit-card-bitcoin-com/


That's certainly an interesting development.  I know there are other services that offer bitcoin purchase by card, but one I'm looking at wants £547.46 GBP (or $712.32 USD) for a single bitcoin.  This looks far more competitive with a smaller mark up (BTC1 BTC equals $581.29 USD, equivalent to £445.99 GBP).  It makes things far easier for new users to join our ecosystem, as setting up bank transfers can be a nuisance.  Plus, if it leads to less users buying on an exchange and then leaving all their money on there like eejits, it can only be a good thing.  I might well use this myself on the next dip if I hear good feedback about it.

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[OROBTC]

...

In an earlier thread (which I cannot find now), I explained my successful purchase of some $100 worth of Bitcoin from buy.bitcoin.com.  The process went fine.  I bought with my debit card (USA), with my laptop (and smart-phone for SMS verification).  I was happy that the total fees would be some 7.5% -- well under my city's BTC ATMs -- if a certain minimum was purchased.  The whole process, start-to-finish took some 50 minutes (confirmation time of receiving my BTC included), not bad!

But, last week I tried again to buy some $300 worth.  This time a no-go.  They wanted pictures of ID (which previously they did not).   That is not only a gross privacy invasion, but a real hassle for me.

I hereby REVOKE my earlier recommendation of using buy.bitcoin.com. 

Taking multiple pictures of ID is bothersome, and I will not do it.  Too bad, as the 7.5% was attractive, and my first experience relatively convenient.

[yayayo]

Bitcoin.com is a propaganda site of Roger Ver, where he promotes his shitty services and his faulty big-block altcoin UnlimitedCoin. All information and service offerings on this page should be considered scam per default.

Roger Ver portrays himself as a libertarian, but in fact he is simply a greedy narcissist. Offering an ordinary online exchange service with extremely high fees coupled with gross privacy invasion is a great example for that.

There are much better ways to buy Bitcoin. Just do it P2P with cash. This way you can preserve your privacy and get a much better deal. In addition you avoid giving money to racketeer Roger Ver.

ya.ya.yo!

[richardsNY]

Usually I would applaud every initiative that makes it easier to obtain Bitcoin, but not really in this case. Mainly because of the fact that Roger Ver has changed so much, that he is now somewhat battling against Core. That makes him and his entire site worthless to me. And as yayayo also said above my post, there are much better and easier ways to obtain Bitcoin.

[snipie]

...
But, last week I tried again to buy some $300 worth.  This time a no-go.  They wanted pictures of ID (which previously they did not).   That is not only a gross privacy invasion, but a real hassle for me.

What is the point of using bitcoin if your ID / your transaction and everything related to the purchased money is known for the other people?
Wasn't aware of this service before otherwise I used it in the past few weeks since I wanted to purchase few btc but definitely will not reveal my identity to anyone...

[OROBTC]

...
But, last week I tried again to buy some $300 worth.  This time a no-go.  They wanted pictures of ID (which previously they did not).   That is not only a gross privacy invasion, but a real hassle for me.

What is the point of using bitcoin if your ID / your transaction and everything related to the purchased money is known for the other people?
Wasn't aware of this service before otherwise I used it in the past few weeks since I wanted to purchase few btc but definitely will not reveal my identity to anyone...

Sometimes I want Bitcoin and I don't care about some party knowing.  Not EVERYONE will know.  If I sometimes leave some crumbs to follow, I can live with that.  In the earlier case w/ buy.bitcoin.com, I only had to give them my debit card number and cell-phone number (and some other, but no ID).  Cell No. was for a SMS message (anti-fraud I imagine) to then send them.

Sometimes I try to get BTC more quietly.  Depends on my needs and opportunities.  I try to get BTC in different ways.  Then mix them...

[TraderTimm]

I trust Ver about as much as I trust Mark Karpeles.

I wouldn't give any information to his operation, no matter what the reason was. Buyer beware if you trust Ver, he'll eventually burn you in the end.