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Author Topic: Where you guys think is the best place to buy Bitcoins using Debit, Credit card  (Read 280 times)
The Sceptical Chymist
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March 26, 2021, 10:14:32 PM
 #21

Coinbase is probably not the best choice given their historically trash customer service.
I'd agree that their customer service (or at least how they treat their customers in general) is shit, but as long as you stick to their ToS and don't deposit dirty bitcoin or withdraw bitcoin to whatever sites they have blacklisted--like gambling sites--you generally won't run into too many problems with straight buying/selling.

Beyond that, it depends on how much you value your anonymity.  If that's a concern then no exchange is going to be ideal, because all the ones accepting debit/credit cards require KYC.  In that case, I'd listen to some of the suggestions about P2P trading sites and even the Currency Exchange section on this forum (as long as you have a PayPal account or some other payment system you can link your bank account to).  That's still not anonymous, but it's better than an exchange.

You could also get cash from that credit or debit card and hit up a bitcoin ATM, as long as you don't mind paying the markup.  They're very convenient if you have one near you.

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baodo159 (OP)
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April 03, 2021, 09:48:36 PM
 #22

is there anyone has the better website to buy bitcoins??? instantly is the best

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April 03, 2021, 10:01:24 PM
 #23

is there anyone has the better website to buy bitcoins??? instantly is the best

Simplex and Shapeshift is the most convenient website to buy Bitcoin and other cryptocurrencies, the problem was the conversion is high compared to the normal exchange rate which is the common cons for an express crypto store. But if you have time and willing to do KYC, Binance P2P is the best place to buy Bitcoin since you can have freedom to choose the best price for buying it.

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baodo159 (OP)
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April 03, 2021, 10:37:54 PM
 #24

I don't know why but Simplex always declined my order and Banxa is very slow and they are asually cancel our order too

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April 04, 2021, 02:04:31 AM
 #25

You could also get cash from that credit or debit card and hit up a bitcoin ATM, as long as you don't mind paying the markup.  They're very convenient if you have one near you.

Exactly. If your debit/credit card was going to be accepted and is legit, then you can likely get much better rates just by withdrawing your funds in cash.

I don't know why but Simplex always declined my order and Banxa is very slow and they are asually cancel our order too

There is a reason why sellers are willing to sell coins through Simplex for debit/credit cards.

Their criteria is really strict, and if they have the slightest suspicion that they may be dealing with a fraudulent/stolen card, they stop right away. It makes sense - otherwise, how could they possibly compensate for the risk they're taking on?

Simplex and Banxa may look good on paper, but in reality, they probably aren't services you can depend on long term.
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April 04, 2021, 04:02:55 PM
 #26

I used CEX to buy with my Credit Card and I had no problem but I think if you have large amount of money to buy crypto with Credit Card the fee is a little bit too high 3%.

Anyone else knows a place where you can buy cryptos with low fees?
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April 04, 2021, 04:51:56 PM
 #27

is there anyone has the better website to buy bitcoins??? instantly is the best

you have to see that the good site is something relative, relative in the sense that it has sites with high rates but faster in the transaction and there are sites slow in the transaction but with lower rates.

in case you need a fast site I recommend you:

coinmama.com

but it has a bit high fees compared to other sites, but they are very fast when executing bitcoin purchases using visa or mastercard

note:

I used this site a lot a year ago, so I don't know if they still have that good performance they had

you will also have to have a verified account

https://www.coinmama.com/faq

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up136191857
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April 04, 2021, 10:14:30 PM
 #28

is there anyone has the better website to buy bitcoins??? instantly is the best

you have to see that the good site is something relative, relative in the sense that it has sites with high rates but faster in the transaction and there are sites slow in the transaction but with lower rates.

in case you need a fast site I recommend you:

coinmama.com

but it has a bit high fees compared to other sites, but they are very fast when executing bitcoin purchases using visa or mastercard

note:

I used this site a lot a year ago, so I don't know if they still have that good performance they had

you will also have to have a verified account

https://www.coinmama.com/faq

Yes, they do have 5% in fees for buying with Credit Card.
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April 06, 2021, 02:57:24 PM
 #29

Coinbase is probably not the best choice given their historically trash customer service.

I think that Binance is a really good alternative, although their services might be affected by the recent CFTC probe.

Frankly, buying BTC with debit/credit cards is almost always a bad idea given that you're going to get rates that are at least 1-2% above spot accounting for all the processing charges, even at large exchanges. If you're buying from P2P platforms then this could go as high as 10%.

Just deposit via bank transfer/cash deposit instead, it's much more cost effective.

The rates on those old P2P platforms are with such high premium because of multiple layers of fees added:
+ blockchain network fees (can be as high as $15-50)
+ P2P platform trading fees (typically 1%)
+ deposit/withdrawal fees (if any, but usually not)
+ final end-payment method for cash conversion fees, i.e. Visa/PayPal/etc. (can be from 0.1%-to-1.0% depending on service provider and your country)
= 3-4% so far of additional fees

and last, but not the least "fee" is the greed of buyer / seller, and local liquidity premium (less liquidity -> higher premium)

That explains such price discrepancy. And that's what we are aiming to solve at least partially on as.exchange (https://as.exchange/BitcoinZeroFee) by eliminating P2P fees, and compensating users their BTC network fees where you can buy Bitcoin using debit/credit card or any other payment method. So, would be really happy for your feedback and comments guys. Let's make P2P trading great again, together Smiley

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April 09, 2021, 07:12:42 AM
 #30

I wish anyone of you can provide a website or a platform that give out a special tool or systems for us to buying bitcoins in a fastest way like Bit Stamp.

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April 09, 2021, 05:37:51 PM
 #31

Thats not too hard to implement actually and is also on our roadmap for future updates in 2021. Not sure how helpful that would be though, since each country has own payment methods,  that's why to ensure we are global and not within a boundary of specific local market, we decided that P2P would be the best choice to start with. But yes, buying directly with common payment methods is going to be implemented on as.exchange for sure

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April 17, 2021, 01:06:25 AM
 #32

any other idea guys?

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