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Author Topic: Circle is it a game changer?  (Read 2847 times)
Billbags
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November 22, 2014, 08:01:24 PM
 #21

This is a solution for mainstream US consumers, but not really geared towards the rest of us, unfortunately.

Coinbase provides the same thing, but is available in many countries outside the U.S.

Coinbase is not instant unless you have a certain credit card. Most people have to wait 4 business days for their BTC/USD.

Those fucks (excuse my french) told me the max weekly limit for everyone is $500...how did you manage to pull a $1000 a week limit?
Mind you, I have my debit (business) and bank account (business) attached...

Coinbase gives me a $1k weekly buy-instant limit which is lovely...my favorite exchange thus far.
Just attached my PNC points/reward credit card.  Cool

I double checked my Circle account, my weekly limit is $1000.00. I only have my US Credit Union Visa debit card attached.

Listen: meat beat manifesto ~ Edge of no control (pt.1)
Read:"He who controls the past controls the future. He who controls the present controls the past." ~ George Orwell
Think: http://unenumerated.blogspot.com/2014/12/the-dawn-of-trustworthy-computing.html
mymenace (OP)
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November 22, 2014, 08:11:40 PM
 #22

Is this finally what we need for mainstream consumer use.

A wallet that connects to my bank account and all my bitcoin is insured, mobile app on the way.

https://www.circle.com/



insured how? what happens if they go bankrupt with huge amounts of coins disappeared? customers get back most of it 1.5 years later, if the insurance company is still around?

Great question.. we have seen many companies come and go leaving a trail of tears...

Who insures this company? What are the terms.

So this is the Paypal of the Bitcoin world. How does Circle make money? Can they explain that?

"You shouldn't have to pay fees to use your own money. We don't charge fees when you convert funds to or from bitcoin with a linked bank account, when you store your bitcoin, or for bitcoin transactions." <-- from the website.


Insurance and terms

https://www.circle.com/en/user-agreement

 insurance policy with Marsh Insurance




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Monica80
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November 22, 2014, 08:25:56 PM
 #23

Insurance and terms

https://www.circle.com/en/user-agreement

 insurance policy with Marsh Insurance


Thanks, do you use Circle? if so, overall experience?

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axel2078
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November 22, 2014, 08:41:16 PM
 #24

Does Circle have their own app so you can buy bitcoin from your smart phone?  I didn't see one in the Google Play store.

mymenace (OP)
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November 22, 2014, 09:22:05 PM
 #25

Does Circle have their own app so you can buy bitcoin from your smart phone?  I didn't see one in the Google Play store.

https://www.circle.com/en/2014/11/03/circle-native-apps-ios-android-now-available

https://www.circle.com/apps/


Pretty sure it is only available in US at the moment, but check it out for yourself though

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mymenace (OP)
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November 22, 2014, 09:25:05 PM
 #26

Insurance and terms

https://www.circle.com/en/user-agreement

 insurance policy with Marsh Insurance


Thanks, do you use Circle? if so, overall experience?

Not yet waiting for circle to implement in more countries

young company and I think what they got is ideal really looking forward to see them expand


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axel2078
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November 22, 2014, 11:01:20 PM
 #27

Does Circle have their own app so you can buy bitcoin from your smart phone?  I didn't see one in the Google Play store.

https://www.circle.com/en/2014/11/03/circle-native-apps-ios-android-now-available

https://www.circle.com/apps/


Pretty sure it is only available in US at the moment, but check it out for yourself though

Ah, the app is called "Circle for Bitcoin".  That's why my searches for circle yielded nothing.  You'd think that would pop up in a search for "circle" but no. Thanks for the info.

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