Cheapest way to buy bitcoin with an American Express card.

I currently can only buy bitcoin on localbitcoins.com using my American Express Serve card. This method works ok but there has the be a cheaper way. The markup on 1 bitcoin is close to 20 to 35 percent at some points. Anyone have any recommendations for buying with an American Express...specifically a serve card.


Comments


[3 Points] XmrFanMan:

You're paying a big markup because you're using a transfer service that carries big risks for the seller. Use a transfer method that is irrevocable (like cash deposits) and you'll pay less.

Here's why you're paying that insane spread, from the Serve terms:

Payments, Loads and/or Chargebacks. You are responsible for all returned or reversed payments, Chargebacks, claims, fines, penalties and other liability incurred by us, any other User(s), or a third party (including sellers and your wireless service provider) caused by or arising out of your breach of this Agreement and/or your use of the Service. You agree to reimburse us, our Affiliates, our third-party service providers and any other User(s) for any and all such liability.

You acknowledge that Users may have Dispute rights pursuant to card association and network rules or otherwise, and we have the right (but not the obligation) to pass any applicable Chargebacks to you.

We also have Chargeback rights if (i) a User questions, makes a claim or complaint about the amount that he or she agreed to pay when using the Service to purchase goods or services from you (”Disputed Amount”) or has rights under law or contract to withhold payments; (ii) a User denies making or authorizing the amount that he or she agreed to pay when using the Service to purchase goods or services from you; (iii) we believe that the payment transactions is invalid, involves misconduct or fraud (such as fraudulent use of a payment instrument), or otherwise violates Applicable Law or this Agreement; (iv) if you do not comply with this Agreement; or (v) as provided elsewhere in this Agreement.

We will not be liable for actual or alleged fraudulent transactions over the Internet and we will have the right to Chargeback for those transactions. Additionally, if a Disputed Amount arises involving a transaction that is an Internet Electronic Delivery Transaction, we may Chargeback for the full amount of the transaction.


[2 Points] ThePoluninSnowCircus:

https://www.abra.com/


[2 Points] burden_of_boof:

Try ABRA.

EDIT: Ill try reading the resonses before I post.


[0 Points] dnm_vet_newacct:

If you can get cash off it, then pm me