CARDCOINS.CO: Buy Bitcoin with Cash in Minutes - 60,000 Locations, No Accounts

[CardCoins]

Hey Bitcointalk!

We'd like to share our service offering with your community. We've been live for almost two years now, and have built a website that we think a lot of you will find useful. You'll be seeing a lot more of us around here, we'd love to get to know you all and answer any questions you may have. Here's our homepage:

https://cardcoins.co

As a company, our main goal is to help cash-preferred customers buy Bitcoin with the least amount of friction possible. We know how annoying it can be to use Bitcoin ATMs that have long lines, full cash boxes, unclear store hours and dirty touch screens. What we've done is build our offering around the distribution of "open loop" gift cards that are branded with the Visa, Mastercard and American Express logos.

We estimate that these gift cards can be purchased with cash at over 100,000 stores in the U.S. We have a handy map you can use to find 60,000 of them: https://map.cardcoins.co. You can find them in pharmacies, supermarkets, gas stations, big-box retailers and other locations you likely frequent on a daily basis!

If you'd like to learn a little bit about how order process works, you can check out this blog post: https://blog.cardcoins.co/how-to-buy-bitcoin-with-cardcoins

In summary, all you need is the gift card, its packaging, the receipt, a pen and a phone number to get started. No clunky sign ups and annoying email confirmation processes.

Here are some useful links to get started:
Our FAQ: https://www.cardcoins.co/?faq
Daily transaction limits: https://www.cardcoins.co/?limitscompliance

Our blog has some great content as well, for example this post details our company philosophy and why we think Bitcoin and gift cards work very well together:
https://blog.cardcoins.co/gift-cards-and-bitcoin

We've also been featured in some popular publications you may be familiar with. We're big supporters of open source software development and directly participate in the funding of a Bitcoin Core developer, hebasto.

https://www.coindesk.com/startup-cardcoins-bitcoin-core-developer
https://www.yahoo.com/news/startups-cardcoins-payvant-issue-one-214908626.html

Hebasto has done some great work in the past 6 months, you can follow his commit history here:
https://github.com/bitcoin/bitcoin/commits?author=hebasto

That's all the info we have to share for now, looking forward to hearing from the Bitcointalk community!

[CardCoins]

There is an Easter Egg somewhere in the OP, let's see who finds it first

[CardCoins]

Bump.

[hugeblack]

No account and you Ask for Some KYC docs (Government Issued ID)?^[1]
Since you provide your service in certain places in the United States, do you have any legal license? Workplace? Or a license to purchase those cards because you require users to send some identity data.
Buying digital products requires confidence, what is the mechanism that guarantees the user that you will not withdraw the value of the cards and claim that data was wrong?

[1] https://www.cardcoins.co/?limitscompliance

[CardCoins]

No account and you Ask for Some KYC docs (Government Issued ID)?^[1]
Since you provide your service in certain places in the United States, do you have any legal license? Workplace? Or a license to purchase those cards because you require users to send some identity data.
Buying digital products requires confidence, what is the mechanism that guarantees the user that you will not withdraw the value of the cards and claim that data was wrong?

[1] https://www.cardcoins.co/?limitscompliance

Hi there!

We are a Wyoming based entity and are federally registered Money Service Business with the U.S. Treasury. You can find our registration by looking us up on the FinCEN website: https://www.fincen.gov/msb-registrant-search

And yes that's right, we don't have accounts, however we track a user's volume limit by their phone number. Once your phone number exceeds a certain volume limit in a week, we verify certain information about your identity, which in some cases requires a government-issued ID.

As you have pointed out, our service does require an element of trust. Do note that we only preauthorize the funds on your card until we have verified that you have properly submitted all of the documentation we require. If you fail to complete our requirements we void the preauthorization and return the funds to your card. This voiding process can take a few days depending on the card issuer.

We have been around for almost 2 years now, so a cursory google search will lend credence to our trustworthiness. I hope that answers your questions. 

[The Cryptovator]

I was surprised when seeing the exchange rate is $ 27600 on your platform (Lol) where the current BTC price is $23K. But later on, realized this rate included all fee. However, still, the fee is very high which is 20 percent more extra from the current rate ($23K). I don't think this is a reasonable fee, it would discourage people to use your platform. There are many peers to peer platform from where we can buy Bitcoin with a lower percentage of fees. I am not sure how is your going on your business, but I don't think you would get many buyers from this forum unless you reduce your fees.

Also, you have to be more active on the forum, a brand awareness would help you spread the word about the platform on the forum as well. Best of luck.

[CardCoins]

Bump.