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Author Topic: Any new methods for Debit/Credit card to BTC?  (Read 8155 times)
Extravagant
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March 06, 2012, 04:35:25 PM
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Paxum was so nice for that very reason. The rates were ok, and it all took 15 minutes to fund MTGox.

But we all know what happened to Paxum. There is another method of SolidTrustPay -> AurumXchange -> MTGox but they apparently dont care about that service since they havent updated there site to take STP, And the rates will be close to 8% AXC support says. So FK that.


I was wondering if anyone had any easier methods?

Its realy hard for me to get out to a bank, The closest bank to me is 25 minutes away... Bank Transfers take 47474439834 days, Dwolla instant is apparently a joke. So Debt card funding was a nice option.

Thanks in advance

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Stephen Gornick
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March 06, 2012, 06:01:06 PM
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I was wondering if anyone had any easier methods?

Are there any 7-elevens or WalMarts around?
 - http://www.btcpak.com

Other than that, there's not much for getting funds to an exchange quickly without using a bank or banking system intermediary like Dwolla:
 - http://en.bitcoin.it/wiki/Buying_bitcoins

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March 06, 2012, 06:38:30 PM
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I think you can deposit cash at some banks and have the money show up in BitInstant very fast.
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March 08, 2012, 05:04:06 PM
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Yea i know of the cash deposit's.

Ok well thanks for the replys.
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March 09, 2012, 11:56:28 PM
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How about getting cash the other way FROM MTgox to Huh? Dwolla is way too slow 7+ business days,gggrrrrr.

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Stephen Gornick
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March 10, 2012, 12:08:26 AM
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How about getting cash the other way FROM MTgox to Huh? Dwolla is way too slow 7+ business days,gggrrrrr.

Actually, it is pretty fast -- Mt. Gox to Dwolla happens within minutes.

Then you can withdraw to your bank.  That's probably the problem you are describing.  If you haven't linked a bank account to Dwolla yet, that process where they send a couple of test deposits to it can take up to five business day. 

But then once you have that linked, your actual withdrawal from Dwolla to your bank takes just two to three days.

Still not lightning fast, but it is not 7+ days.   Smiley

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March 10, 2012, 12:34:32 AM
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I haven't tried it but depositing to www.switchpoker.com with a Debit/Credit card and withdrawing in bitcoin might work. It seems like there's a 20BTC minimum withdrawal though.

Has anyone tried this?
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March 10, 2012, 09:04:07 AM
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How about getting cash the other way FROM MTgox to Huh? Dwolla is way too slow 7+ business days,gggrrrrr.

Actually, it is pretty fast -- Mt. Gox to Dwolla happens within minutes.

Then you can withdraw to your bank.  That's probably the problem you are describing.  If you haven't linked a bank account to Dwolla yet, that process where they send a couple of test deposits to it can take up to five business day. 

But then once you have that linked, your actual withdrawal from Dwolla to your bank takes just two to three days.

Still not lightning fast, but it is not 7+ days.   Smiley

Yeah,I meant from Dwolla to a bank account Embarrassed

Dwolla has been jerking me around lately.First try got my bank account overdrawn,I have NO idea how & niether do they.I even called them & asked what went wrong & they had no clue.While I had them on the phone I tried again to transfer money to my bank,it never went thru even though the "money out" section said the transaction was completed 5 days later.Then when I checked today (transaction date was 2/2/12) there's no record of the transaction Huh

I have made at least 8 transfers before,to & from my bank & no issues,so I know how Dwolla's site works.

Theres got to be something better to get funds to & from my bank.

What is this "cash deposit"??

"If you run into an asshole in the morning, you ran into an asshole. If you run into assholes all day long, you are the asshole."  -Raylan Givens
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March 10, 2012, 09:12:20 AM
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What is this "cash deposit"??

To get funds to an exchange, such as Mt. Gox, you can deposit cash at most major banks, and have those funds transferred to the exchange.

AurumXChange just started doing this, and BitInstant has been doing it for months now.  The fee is like 4% or less.
 - http://www.bitinstant.com
 - http://blog.aurumxchange.com/2012/03/usa-cash-deposits-now-available-for.html

evoorhees
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March 12, 2012, 02:28:46 PM
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Yeah by far in the US the easiest/fastest way to get coins is via BitInstant:

1) create the order at bitinstant.com - 3 minutes
2) drive to a local bank branch of chase/citi/wells fargo/bank of america  (you don't need an account with them) - 15 minutes
3) deposit cash and drive home - 20 minutes

Often, before you even get home, your funds are sitting in Gox or Crypto X Change.

Everyone should try it with $20 and see how damn awesome it actually is.
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April 10, 2012, 04:00:45 AM
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I haven't tried it but depositing to www.switchpoker.com with a Debit/Credit card and withdrawing in bitcoin might work. It seems like there's a 20BTC minimum withdrawal though.

Has anyone tried this?

yep, they dont like it, but they let you do it. They will charge you a 5% cashout fee if you are a new player who has just cashed up, converted to bitcoins and cashed out.

I bought 13.59 btc this way myself, takes about 2 days to process.

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April 10, 2012, 05:27:57 PM
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I haven't tried it but depositing to www.switchpoker.com with a Debit/Credit card and withdrawing in bitcoin might work. It seems like there's a 20BTC minimum withdrawal though.

Has anyone tried this?

yep, they dont like it, but they let you do it. They will charge you a 5% cashout fee if you are a new player who has just cashed up, converted to bitcoins and cashed out.

I bought 13.59 btc this way myself, takes about 2 days to process.

5% is not too bad I guess for the ability to pay by credit card.
When you say they dont like it, how do you know this? did they something to you when you tried to cash out in bitcoin?
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April 22, 2012, 01:45:54 PM
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I found this: http://www.nationalach.com/ but I don't have the time to research them so if someone else wants to and then post their findings I'd appreciate it.

Start here: http://www.nationalach.com/secure-vault-2/no-chargeback-merchant-account/

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April 23, 2012, 12:54:06 AM
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I found this: http://www.nationalach.com/ but I don't have the time to research them so if someone else wants to and then post their findings I'd appreciate it.

Start here: http://www.nationalach.com/secure-vault-2/no-chargeback-merchant-account/

Not sure how it relates to the topic, but interesting.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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