Tinkercoin Will Sell You $20 in Bitcoin, But Only Once
coindesk.com
coindesk.com
"call_us_maybe"
Now filled with regret.
Edit: I had a good chat with sync and he/she successfully got bitcoins.
I hope he's not naive enough to genuinely believe that.
You can get a stack of $20 one-use debit cards and you can get a CC generator from some banks for your card to use for a one-time purchase online.
One could automate buying thousands if they had the time and money.
Clearly, how are you going to prove the customer bitcoin address is actually his? Note I've almost no knownledge in this field and it's been a time I'm looking for an answer to this question.
edit: one might think that one $20 loss per x transactions can be absorbed by the cost of business but I think it doesn't work since the hack's going to be shared and it will grow in quantity and in efficiency to finally reach a buzz stage. I might be wrong again here.
Credit cards are a backup payment method only and cannot be used to buy bitcoin directly
An additional fee of 3.1% + $0.18 will be applied to any charges made to your cards.
An additional "cash advance"/ATM fee may be applied by your bank, depending on your agreement with them.
Though the market here is VERY different, many people legitimately use prepaid phones, it's not like in the U.S. where it's something seen as suspicious/fringe, so it might be subsidized by the phone company.
Edit: they do sell prepaid SIMs in the USA but they're really expensive, much like cell phone service overall there.
http://www.pcmag.com/article2/0,2817,2414494,00.asp
some forums suggest there are cheaper options
www.tripadvisor.com/ShowTopic-g32655-i61-k5212639-Pre_Paid_SIM_card_while_in_USA_non_residents-Los_Angeles_California.html
No thanks.
Stopped using Facebook auth a long time ago for this very reason and revoked access to all apps except those that I trust. There's no reason to share my entire Facebook account with everyone out there, and if that's the only way I can use their service, then I just won't use it. No big deal.
(2) He gets to decide that, not you.
To me it's just an attempt to create a large database with people interested in bitcoin (with their credit cards).
TryBTC.com introduces bitcoin to new users more effectively.
I don't mean to beat on Tinkercoin, because I think it sounds like a totally decent way to....well....tinker with coins, but I am critical of the overall hubris behind Bitcoin.
As I understand it, their intent is to help people get their first bitcoins really easily. Most services require that you scan and upload a lot of documents. This is quick and painless.
Do I need to create an account to do a one in a life time purchase? The data for the account are only c.c. number and email? Or they include full name, birthday, address, password and recovery question, parents name, pets name, ...?
[that was supposed to be jovial rather than facetious, hope it worked out]
I ask because I've been in Bitcoin since 2011 and I've never had trouble converting Bitcoins back to USD. Right now, I'm not happy about the wire fees I'm paying (and may switch exchanges), but it's as easy as pie to get the money.
Is there a service that makes the process of turning BTC into USD as easy as Tinkercoin claims to for USD to BTC?
As such, you will be hard pressed to find a way to "instantly" sign up and transfer BTC to USD, if that's what you're asking. But once you've gotten approved at a respectable exchange like Bitstamp, getting USD in your bank account is as easy as exchanging the Bitcoins at your desired rate, filling in your desired amount of USD to transfer, and clicking submit.
Because of the slowness of the legacy wire transfer system, you then have to wait a couple of days before the transfer shows up at your account. But it's an extremely simple process, just like transferring money from your online bank account (but not as easy or fast as sending Bitcoins!).
Note that you do need to submit your ID and some additional information the first time you transfer funds, to get approved. If your exchange isn't doing that, then they're not complying with KYC and they're vulnerable to being shut down.
It's like referring to BTC as legacy crypto currency, because now we have dogecoin.
I certainly wouldn't trust myself to check whether 25k of strangers cash wasn't counterfeit
Citation. I think you made that up.
I mean, how do the various levels of problems dealing with Mt. Gox not fit under difficulties?
It's even bad advocacy. You might better say "There are ways to do it that work fine, but there are obviously problems with some providers, especially that one awful one" before you start complaining that people are making things up because they didn't split the right hairs to communicate precisely with you.
They're really going to clean up.