coinmoneyfarm (OP)
Newbie
 Offline
Activity: 22
Merit: 0
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September 30, 2014, 01:27:57 AM |
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there are two options on circle.com :
1. link bank account
2. link credit card
i registered and linked my icici bank visa debit card and just to test bought bitcoins worth 2 dollars. whole process took me less than 2 minutes (from registering to getting bitcoins in my circle account).
i believe this is revolutionary. buying bitcoins was to be frank was bit of pain as people on localbitcoins were selling it at higher price than market it it sometimes took me hours to purchase.
try this service and you will be blown away just like me.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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TrailingComet
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September 30, 2014, 04:14:53 AM |
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Good heads-up, thanks will check this out
Like yourself, getting hold of btc to buy without being scammed has been a bit of a pain in the butt
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newIndia
Legendary
Offline
Activity: 2198
Merit: 1049
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September 30, 2014, 11:46:47 AM |
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there are two options on circle.com :
1. link bank account
2. link credit card
i registered and linked my icici bank visa debit card and just to test bought bitcoins worth 2 dollars. whole process took me less than 2 minutes (from registering to getting bitcoins in my circle account).
i believe this is revolutionary. buying bitcoins was to be frank was bit of pain as people on localbitcoins were selling it at higher price than market it it sometimes took me hours to purchase.
try this service and you will be blown away just like me.
Be careful. They are accepting Credit Card. This business model is going to be dead abused by charge back and stolen cards. I'm also interested to see how long they can keep selling at market rate. |
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Sindelar1938
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September 30, 2014, 03:17:46 PM |
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Even if the price eventually settles at $10-15 above exchange prices, the instantaneousness will most probably still make them a sustainable service
Rooting for Circle to crack it
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moko666
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September 30, 2014, 08:13:23 PM |
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hacker will use hacked cards to buy BTC there
i think its a bit risky for them
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ravin
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October 01, 2014, 11:34:20 PM |
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U.S.-based bank account or credit card required.
At this time, bank accounts and credit cards from your country cannot be linked to Circle. Our apologies for the inconvenience. We’re working on it and hope to be able to provide this functionality soon.
In the meantime, your account is ready to send, receive, and store bitcoin. Your Circle account is insured and protected by our rigorous security practices.
Questions? Please contact our support team. Did you say ICICI? |
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polynesia
Legendary
Offline
Activity: 1358
Merit: 1000
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October 03, 2014, 05:24:03 AM |
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U.S.-based bank account or credit card required.
At this time, bank accounts and credit cards from your country cannot be linked to Circle. Our apologies for the inconvenience. We’re working on it and hope to be able to provide this functionality soon.
In the meantime, your account is ready to send, receive, and store bitcoin. Your Circle account is insured and protected by our rigorous security practices.
Questions? Please contact our support team. Did you say ICICI? I had the same doubt. Is it just US based bank accounts or do Indian ones work as well? |
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TrailingComet
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October 04, 2014, 05:58:38 AM |
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Has anyone based in India used this yet to buy btc? Does it work or not for Indian bank accts/CC's?
Confirmations either way would be helpful for the community
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shahadil
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October 04, 2014, 08:27:17 AM |
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Used my indian credit card to buy. hassle free. however, i was charged under cash advance and not credit. cash advance fees are quite high. not the best option.
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newIndia
Legendary
Offline
Activity: 2198
Merit: 1049
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October 04, 2014, 01:15:21 PM |
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Used my indian credit card to buy. hassle free. however, i was charged under cash advance and not credit. cash advance fees are quite high. not the best option.
Can u please explain what does this quite high mean in terms of %. Suppose u r buying 10000 INR worth of Bitcoin. How much will it actually cost u ? |
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thenoblebot
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October 04, 2014, 05:30:36 PM |
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So we can buy BTC from a US based site using credit cards ? Any legal perspective to be aware of here ?
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shahadil
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October 04, 2014, 06:30:49 PM |
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Used my indian credit card to buy. hassle free. however, i was charged under cash advance and not credit. cash advance fees are quite high. not the best option.
Can u please explain what does this quite high mean in terms of %. Suppose u r buying 10000 INR worth of Bitcoin. How much will it actually cost u ? It depends from credit card to credit card. it is best to check with your credit card company. |
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polynesia
Legendary
Offline
Activity: 1358
Merit: 1000
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October 05, 2014, 01:22:54 AM |
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Used my indian credit card to buy. hassle free. however, i was charged under cash advance and not credit. cash advance fees are quite high. not the best option.
That is ridiculous! Were you notified in advance that it would be charged as a cash withdrawal? |
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polynesia
Legendary
Offline
Activity: 1358
Merit: 1000
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October 05, 2014, 01:30:18 AM |
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Used my indian credit card to buy. hassle free. however, i was charged under cash advance and not credit. cash advance fees are quite high. not the best option.
Can u please explain what does this quite high mean in terms of %. Suppose u r buying 10000 INR worth of Bitcoin. How much will it actually cost u ? Cash advance is a feature you should never use on a credit card. The fees can be ridiculously high. They usually levy a transaction charge of 2.5-3% and start levying interest charges (which can go up to 3.6% per month) immediately on the transaction. So if you make the purchase now and pay your credit card bill in a month's time, you can end up paying a 6% charge! |
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Sindelar1938
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October 05, 2014, 02:26:11 AM |
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It would be good to understand if the cash advance was triggered by an Indian credit card being used or if there was some other reason
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shahadil
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October 05, 2014, 10:32:24 AM |
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When you are about to purchase, there is a small lime below which says, your bank may charge you a cash advance feel
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newIndia
Legendary
Offline
Activity: 2198
Merit: 1049
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October 05, 2014, 08:41:54 PM |
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It would be good to understand if the cash advance was triggered by an Indian credit card being used or if there was some other reason
Simple... they are trying a protection against chargeback for countries outside US. Probably a few other European countries may enjoy not being charged under cash advance by Circle. As a result BitStamp & BTC-e will survive instead of Circle... only losing the US and a few European customer base.  |
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RocketSingh
Legendary
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Activity: 1662
Merit: 1050
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June 07, 2015, 09:05:57 PM |
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Has anyone been successful in selling bitcoin on Circle and withdraw the fund in India ?
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