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Author Topic: Credit card & bitcoin  (Read 831 times)
glub0x
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August 27, 2011, 09:24:18 AM
 #1

Hello, i m kind of a new user and i think the main problem of bitcoin is how hard it is to buy some.
I mean Mr lambda do not know anything about
Dwolla
Redeem MtGox code
Liberty Reserve
Paxum
GBP Deposit
Australian AUD deposit

And he doesn't want to use thoose 3
Cash or Check
International wire
Euro Bank Transfer

He doesn't even know how to google anything...
Mr lambda has a credit card that he uses to buy anything online.

So i'm wondering why Mr lambda has no way to do it with bitcoin? I would like to go any where type my credit card number and get bitcoins.

The cost of mediation increases transaction costs, limiting the
minimum practical transaction size and cutting off the possibility for small casual transactions

Satoshi Nakamoto : https://bitcoin.org/bitcoin.pdf
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koin
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August 27, 2011, 10:08:36 AM
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So i'm wondering why Mr lambda has no way to do it with bitcoin? I would like to go any where type my credit card number and get bitcoins.

can you use your credit card to get a money order?   to buy apple stock?

unfortunately, because of chargeback risk and merchant account restrictions there is essentially no ability to purchase bitcoins with credit card.  that's just a limitation without a solution.  the alternatives (e.g., exchanges accepting bank transfers or dwolla) aren't terribly inconvenient for most, so bitcoin can probably do ok without there being an option to purchase them using credit cards.
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August 27, 2011, 06:06:33 PM
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Some services accept Moneybooker's which allow you to use Credit Cards, but there is the possibility of fraud so sometimes the company/merchant will have to have a reason to trust you. The best way to do it is go to CVS and get a GreenDot Moneypak and use it. Some merchants accept these as payment.

Hello.
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