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Author Topic: What rate would you find acceptable to buy Bitcoins with your credit card?  (Read 447 times)
theminer
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January 27, 2017, 01:37:12 PM
 #1

Besides the ~2%+0.30cents basic rate credit card charges.

Let me hear your thoughs.

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January 27, 2017, 02:51:29 PM
 #2

Besides the ~2%+0.30cents basic rate credit card charges.

Let me hear your thoughs.

I would be willing to pay up to 5% for small purchases, purely for the convenience factor.
For larger purchases, I think it would be best to buy off an exchange.

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January 27, 2017, 02:59:36 PM
 #3

never bigger than the ones offered by credit cards

Bitcoin is less prone to frauds and more efficient to transfer money than the traditional banking system, there is nothing that justify bigger fees other than greed

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January 27, 2017, 03:04:01 PM
 #4

Personnaly, 5% is what i found acceptable, and used to buy at this rate
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January 27, 2017, 03:04:15 PM
 #5

I find that the less fees the more acceptable they are. High fees are really something easy to avoid If you trade with individuals instead of trading with companies. If we take Neteller or Payoneer for example , both of them allow card to card transaction which are easy to make and cost low fees , 1% or even zero , I find this way of trading more convenient.

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RodeoX
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January 27, 2017, 03:06:31 PM
 #6

For a legal, fully licensed business I would pay 3%. It is a service I really don't need, so it has to be cheap.

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January 27, 2017, 03:09:10 PM
 #7

what is the use to buy from credit card and even when buying from credit card why would i have to give extra to pay to buy from credit card, i will like to buy in zero percentage to buy














 

 

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Kprawn
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January 27, 2017, 03:09:33 PM
 #8

The average interest rate on credit cards in my country are very high, so your profits with Bitcoin must be very good to cover that interest.

Have a look at this site to make some accurate calculations before you go that route -> http://www.bankrate.com/finance/credit-cards/current-interest-rates.aspx

People should never use this option, because you will just end up having a ton of debt.  Roll Eyes

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January 27, 2017, 03:16:42 PM
 #9

Besides the ~2%+0.30cents basic rate credit card charges.

Let me hear your thoughs.
5% is the minimum in almost all ATM machines to buy bitcoin so 2% is really low charges to buy with credit card. Which service you are talking about?

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0xfff
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January 27, 2017, 03:20:48 PM
 #10

never bigger than the ones offered by credit cards

Bitcoin is less prone to frauds and more efficient to transfer money than the traditional banking system, there is nothing that justify bigger fees other than greed

Bitcoin is more prone to fraud when viewed from the entity selling it to you for credit card. Credit card charge back is very easy but bitcoin charge back is impossible. What happens if a stolen credit card is used to buy btc?
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January 27, 2017, 03:25:16 PM
 #11

I can't state the exact amount since both of my credit card are varies per fees. Maybe depends on the company that will serve the fees that I will use my cards to purchase bitcoins.

So for close answer, as long as I don't see that it will not hurt my butt then it's acceptable to me. But I think it's much better if I will just to have a convert to cash option then use that fiat to buy bitcoin at any method aside from directly purchasing it in my credit cards.


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FasTroy
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January 27, 2017, 03:32:38 PM
 #12

I only accept the conversion of preev to buy bitcoin with my credit card.
Anyways, i don't like to buy bitcoin by credit card. I want to get bitcoin with getting jobs or doing some services like trading for exemple or maybe gambling.
Because if i buy bitcoin, I feel bad if the price of btc will decrease after the bought. so i prefert to getting bitcoin by doing services.

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