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The difficulty with that is the reversibility of CC payments. A user could buy coins using their CC, then go to the CC provider claim they were scammed and get
by jedunnigan 13y ago
The difficulty with that is the reversibility of CC payments. A user could buy coins using their CC, then go to the CC provider claim they were scammed and get not only the coins they bought but also their original payment. This is why you should not buy BTC with services like PayPal.
There are a number of services that will be opening their doors in the coming months that will lower the barriers to fiat <--> btc conversion.
- JoshTriplett 13y ago> This is why you should not buy BTC with services like PayPal. Sell, not buy. There's no obvious risk to buying BTC with PayPal, if anyone is foolish enough to sell them that way.
- jedunnigan 13y agoYou are right, I mixed that up. Thanks.