hhuummm Bitcoin and credit cards

[Tori_Stanwood]

Since I have been digging into the bitcoin and altcoin subject. I have seen sites that offer the option of buying with credit card. I have considered this idea but how does that work. You go to the site and buy a few with your credit card and get a confirmation email then see the coin in your wallet. Is this all there is to it.

Has anyone bought coin using credit card?

I am looking at sites like https://cex.io/buy-bitcoins, https://coin.mx/, http://www.plusbitcoin.net/buy-bitcoins-with-credit-card/

What your thoughts?

[mishax1]

Mind that the fees on coin.mx when depositing with credit cards is 7.5% and their bitcoin price is 10% higher than on the market. **EDIT: I now see that they are also an exchange and you can buy it cheaper than the 10% I stated..

You better find an ATM or just register with a an exchange, or even try coinbase.com or https://www.circle.com.  

And of course after you buy bitcoin you should secure it in your own private wallet.

[notlist3d]

Mind that the fees on coin.mx when depositing with credit cards is 7.5% and their bitcoin price is 10% higher than on the market.

You better find an ATM or just register with a an exchange, or even try coinbase.com or https://www.circle.com.  

I highly agree with using coinbase.  It will take a little time to setup but is well worth it in long run.  With credit cards the fees just add up and most don't want credit card purchases.

In less then a week you could be set up with coinbase.  One thing I suggest is opening a checking account just for it to keep your regular checking account not touched by anything on web.

[Tori_Stanwood]

But in some circumstances the credit card option would work. Would like to see what others think and even more hear from someone who has used this option. Like find out who has used what as far as credit cards go.

[mishax1]

But in some circumstances the credit card option would work. Would like to see what others think and even more hear from someone who has used this option. Like find out who has used what as far as credit cards go.

I have used a credit card to buy Bitcoin off an exchange, but that was a local exchange and I had to have a verified account for legal reasons (bank and identity) for that.

Are you a US resident ?

Today it is not yet simple enough to use credit cards to buy Bitcoin with low fees and without a verified account, only from an ATM (but the fees are still not low enough).

[fast2fix]

Since I have been digging into the bitcoin and altcoin subject. I have seen sites that offer the option of buying with credit card. I have considered this idea but how does that work. You go to the site and buy a few with your credit card and get a confirmation email then see the coin in your wallet. Is this all there is to it.

Has anyone bought coin using credit card?

I am looking at sites like https://cex.io/buy-bitcoins, https://coin.mx/, http://www.plusbitcoin.net/buy-bitcoins-with-credit-card/

What your thoughts?

yeah i've bought bitcoins off credit card but not from cex.io, it was from virwox very small amount though.(i know they charge huge fees but was just playing around)

[mishax1]

One thing for sure, always double check the place you are buying from (especially with credit cards) and make you it is a well known place to buy and check for positive feedback.

[notlist3d]

One thing for sure, always double check the place you are buying from (especially with credit cards) and make you it is a well known place to buy and check for positive feedback.

Also if you have to use credit cards you might look into one that you can do "virtual credit cards".  With this you can set limits to card and also not use your main card with a large credit line chances are.

[Tori_Stanwood]

Thanks for the info dudes. I did some checking while I was out today and learned some. The ones I checked into require you to verify yourself in some manner. Some required you to scan certain ID's depending on the country you were from. Like with me being from the U.S I would be required to send in a high quality scan of my Drivers license. And that require a couple of days to get the transfer.

Some sites even though they say "no hassle credit card use" you go through the sign up process and then you find out that credit card option is only for a backup funding source.  I did find a couple that would let you buy and transfer bitcoin right away but without being a verified member you were limited to only a $500 purchase in any 24 hour period.

Ideally for my needs with a credit card usage I would like to find one that would let me do ............. say a $2000 buy and even if I had to pay 7% or 9% in fee's I would give it a try.

As far as checking their reps, yeah I know. That's one of the reasons I was asking on here. You guys have given me some good info and are trustworthy.

I am still checking this tread in case anyone has any more good info. 

[ChuckBuck]

Easiest way to buy Bitcoins with your credit cards in the US is Coinbase and Circle.  There are some verification hoops to jump through, but after that initial setup, it's all easy peezy.

Another alternative way to get Bitcoin using credit card is through https://brawker.com/.  It's a more roundabout way, using Brawker's online marketplace to fill an order to receive Bitcoins, but overall trusted by most accounts.

[mishax1]

You can also try https://purse.io to get Bitcoins with credit card, buy double check the rates while you're doing that since they may vary.

[kepo07]

Credit card companies don't like Bitcoins. Therefore, they are pretty risky to exchange. The fees has to be higher to cover the risk. I believe you can use circle to buy Bitcoins with credit card. No worries, they are trusted.

[keyscore44]

Credit card companies don't like Bitcoins. Therefore, they are pretty risky to exchange. The fees has to be higher to cover the risk. I believe you can use circle to buy Bitcoins with credit card. No worries, they are trusted.

Yeah you can use credit cards to buy bitcoin on circle (US residents) but the OP would have to provide several forms of ID (can be a pain having to wait to get verified). Saying that, I'd be wary of giving my card details to sites that do not require any other forms of ID.

[SirChiko]

Since I have been digging into the bitcoin and altcoin subject. I have seen sites that offer the option of buying with credit card. I have considered this idea but how does that work. You go to the site and buy a few with your credit card and get a confirmation email then see the coin in your wallet. Is this all there is to it.

Has anyone bought coin using credit card?

I am looking at sites like https://cex.io/buy-bitcoins, https://coin.mx/, http://www.plusbitcoin.net/buy-bitcoins-with-credit-card/

What your thoughts?

Yep you will have to get vertified but if the card isn't stollen then where is the problem? Coinbase is the best way for you if you are from US.

[matt4054]

But in some circumstances the credit card option would work. Would like to see what others think and even more hear from someone who has used this option. Like find out who has used what as far as credit cards go.

I have successfully bought 0.3BTC from VirWoX (ref. link) just one month ago. The first withdrawal is processed manually, mine was sent about 40 hours after credit card authorisation. You must first buy SLL with credit card, then buy BTC with SSL, when withdraw BTC. Fees are high. But it works, and it's been working for *years*.

[SirChiko]

But in some circumstances the credit card option would work. Would like to see what others think and even more hear from someone who has used this option. Like find out who has used what as far as credit cards go.

I have successfully bought 0.3BTC from VirWoX (ref. link) just one month ago. The first withdrawal is processed manually, mine was sent about 40 hours after credit card authorisation. You must first buy SLL with credit card, then buy BTC with SSL, when withdraw BTC. Fees are high. But it works, and it's been working for *years*.

I can confirm this...it also works with paysafecard so you can stay 100% anonymous but for paysafe there is like 20% fee sadly..

[Bavaria]

Here is how to buy BTC with Visa/MC/Amex/Disco

https://bitcointalk.org/index.php?topic=992242.msg10788415#msg10788415

[thejaytiesto]

Some of the first ever Bitcoins that I bougth where by using Virwox and a credit card linked to paypal, it was quick, but slow to withdraw, limited, and very high fee.

[bitcoinelectronics.net]

If you can, try to always pay cash and avoid credit card because of high fees.. www.localbitcoins.com

[techgeek]

You wont really find any options that offer based off credit cards.

Or else it would of been a really known service, the only way you can utilize your credit card is probably invoice yourself on paypal and then cash out, then buy bitcoin.