Coinbase and credit cards? Out of the loop. :P

With btcquick no longer taking orders would someone please be so kind as to explain to me how coinbase works with credit cards and/or if there are any other sites similar to btcquick that I may possibly be able to use in its place? Also does SR 2 still use escrow or not? I've found that after finally getting my laptop repaired there are bunches upon bunches of new darknets but, I still feel as though sr 2 is worth a shot.


Comments


[7 Points] Otters_arent_real:

Your first question I can actually help with since I'm an active coin trader. In fact I'm just here because to say this community doesn't affect the price of my coins is being naive. I like to know what's up.

Once you are level 2 verified you can add a visa credit card on file which allows you to instantly purchase and receive your coins.

It didn't used to be that way sadly. I don't have a visa and that change killed my little side business of selling coins locally. Bummer.


[3 Points] MileHighNerd:

explain to me how coinbase works with credit cards

Coinbase asks for a credit card on file to upgrade to a level 2 verified account. This allows you to buy up to $1000 worth of BTC daily. It wont actually charge your card, but is there incase they can't withdraw on your bank account.

Also does SR 2 still use escrow or not?

I don't think they do any more. Regardless, I would stay away from SR. They have had lots of issues and lost people's BTC. Check out Agora, TMP, TorEscrow or any of the markets listed in the sidebar.


[3 Points] Otters_arent_real:

If speed is your concern try localbitcoins.com.


[1 Points] s7w7:

You have to have a visa card, no mastercard.


[1 Points] edisraw1:

I use coin.mx good for getting 800 or less in BC.


[1 Points] blueskykin:

You have to have a bank account in your name linked to your coinbase account to buy from them. The credit card is just in case they can't charge your bank account directly for some reason. But they have to verify your identity with your bank account first. If all you want to use is a credit card, no bank account, then I recommend VirWox. Crazy high commission rates (probably like ~16%) but you can buy with a credit card instantly.