Silk Road forums
Discussion => Silk Road discussion => Topic started by: Mak54291 on December 03, 2012, 10:14 am
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Hey all
I'm looking around google and the forums and I can't find any web site that offer the possibility to buy coins with a credit card.
Anyone got one? thanks
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You probably won't find it. Chargebacks keep people from offering it. To be honest, you don't want to buy your BTC like that anyway
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Hey all
I'm looking around google and the forums and I can't find any web site that offer the possibility to buy coins with a credit card.
Anyone got one? thanks
Hi Mak54291,
It is not possible to buy Bitcoin via credit card due to the risk of chargeback - this is where you pay the seller, they receive the money and send the bitcoins, then you contact your bank to say there was an unauthorised transaction on your card; they take the money back from the seller, credit your account and the seller ends up with no money and no Bitcoin.
It is possible to buy Bitcoin using PayPal from some members on bitcoin-otc.com but you'll need to have a well established Web of Trust rating in order to use PayPal for any purchases there, again due to the risk of chargeback. I presume you don't have a WoT rating, therefore making this option impossible.
I would suggest that you search the forums for one of the many "How to get Bitcoin" threads - you're guaranteed to find a method which is available in your country.
- grahamgreene
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Ok.
I found a site, a canadian one, like I am and I just hope they won't scam me. I'll try 20 $ and see.
They take the money sent by mail.
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What's the name of the site? If it's canadianbitcoins.com then you have nothing at all to worry about, they're excellent! Just make sure you hide the cash well in the envelope.
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VirWox lets you purchase Lindendollars for traditional currency using Paypal. You can then trade your lindendollers, also on virwox, for BTC. You cannot buy BTC directly with Paypal. They also make you wait some number of days to withdraw the coins, to prevent chargebacks.
So you use Paypal to put dollars into your VirWox account. Then trade the dollars for LindenDollars, then trade the L$ for BTC. Then wait # days, then withdraw them.
I would not recommend buying coins using a credit card, but if you are careful to mix them well after withdrawing, and patient enough to wait, then it shouldn't be a problem.
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Ok thanks. I'm going to try that canadian site and if it does not work. I will try the site of wazup.
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i used to use virwox before i started using bitinstant and mtgox. virwox usually takes at least 2 days to withdraw your bitcoins.
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Have you tried coinbase.com ? I used it the other day. You do have to give them your bank info.
It works but I am waiting a long time for my first purchase to clear , they do let you know the day it will be out of pending. I purchased some bitcoins via moneypak during the wait. I used Sugarmama and she came through with my first bitcoins the next day.
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www.bitinstant.com is the fucking best!!! why doesnt everyone use this??? its soooo simplee.. And the place i go to to pay for the money gram i give the dumb 1 worker there the printed paper u get from the site, i hand her the money she asks no questions hands me a receipt I LEAVE! easy done.... If i was ever asked id say im paying bills. Non of their business what your doing with your money and its 100% legal to buy coins....BITINSTANT IS FOR ME FOREVER!!! IF u ever get asked for a ID say u lost it thats why your paying bills with moneygram