Welcome to Bitcoins with Credit Card

Bitcoin or BTC is currently the most popular cryptocurrency on the market. Browse our site to learn how to buy bitcoins and why now is the time to buy.

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  • Learn how to easily buy bitcoin with credit card or paypal

    Learn how to easily buy bitcoin with credit card or paypal

  • Learn about bitcoins

    Learn about bitcoins

What are Bitcoins?

What are Bitcoins?

What are bitcoins. Learn all about bitcoins and what they are about.
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Bitcoin on Reddit

Bitcoin on Reddit

There is a large Bitcoin community on Reddit where you can gain valuable information about buying, selling and mining Bitcoins.
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Invest in Bitcoin

Invest in Bitcoin

Investing in bitcoin is a reason why many people are turning to digital currency’s in the hope that they can double or triple their money.
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Get your Bitcoin Wallet

Get your Bitcoin Wallet

Get your Bitcoin wallet fixed before you buy!
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How to Buy Bitcoins with Credit Card, Paypal and Debit Cards

Click here to buy your bitcoins with paypal, credit cards or debit cards on Virwox>>

Use Virwox to buy Bitcoins

Getting hold of bitcoins has not always been so easy with security concerns and privacy issues in the past. However now that bitcoins are becoming more widespread and accepted it will become easier to buy bitcoins. Here is a step by step instruction how to buy bitcoins with credit card.

Virwox was set up as a virtual currency exchange website originally to trade Second Life Lindens (SLL). As you have probably found out it is difficult to find many places to buy bitcoins with credit or debit cards but following these steps you can.

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Cointerra Inc. succumbs to legal battles, files for bankruptcy

Cointerra Inc. succumbs to legal battles, files for bankruptcy

Bitcoin mining company Cointerra Inc. has finally called it quits after facing long legal battles for the past couple of months.  In its filing under Chapter 7 of the US Bankruptcy Code last January 24, Saturday, Cointerra listed approximately $50 million worth of assets and debts. It can be remembered that the company quite had a successful stint in 2013 with about $1.5 million in investments. A huge chunk of the fund was intended to create a two-terahash-per-second ASIC Bitcoin miner which they called TerraMiner IV. Back then, the Bitcoin miner was priced at $13,999 and was set to be delivered in December 2013. Unfortunately, things didn’t go as initially planned. Over the months, the value of Bitcoin spiraled down to almost 70 percent, thus the digital currency went through a lot of scrutiny from lawmakers. Cointerra, for its part, failed to deliver what was originally expected by its clients who paid for the service. This of course resulted to legal complaints and dissatisfaction from people who had high hopes in the potential of their mining machine. Notably, all of these problems occurred despite the governance of their technical people who are experts in the field of Bitcoin mining.

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Everything You Need to Know About Bitcoin

I haven’t posted any videos lately but here’s a good one from our friends at Vice all about bitcoin.

Hopes on Virtual Currency are High as Bitcoin Startup Coinbase Closed a $75 Million Investment

Coinbase

Coinbase, one of the biggest Bitcoin providers in the world, recently announced the completion of a huge financing deal worth $75 million last Tuesday, January 20, 2015. This is so far the biggest known investment on a startup Bitcoin company up till now. The investment, led by venture capital firm DFJ Growth, was also participated by three industry investors, namely the New York Stock Exchange, USAA Bank, and multinational bank BBVA. The San Francisco-based startup company, which first reported the deal in November last year, revealed that the financing round was actually completed in the middle of December 2014. Total investments are even expected to reach $400 million or more with the support of other investors like Japanese telecom company NTT DoCoMo, Andreessen Horowitz, Union Square Ventures, and Ribbit Capital.

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What’s going wrong with Bitcoin?

bitcoin price 2015

Bitcoin is on a free fall right now. Can anybody catch it for God sake! Just when we thought Bitcoin is going to have a good year this 2015, it looks like there are a lot of issues now that need to be addressed as soon as possible.

Created by someone with the pseudonym Satoshi Nakamoto in 2008, Bitcoin was considered as one of the most promising currencies. More people around the world traded it for real money. It’s even thought to possibly make dollar obsolete. This is mainly due to the fact that it’s limited in supply, hard to earn, and easy to verify. Like gold, it’s not easy to acquire as it requires a lot of complex mathematical problems to be solved. The more “miners” are there to look for answers, the more the problems get difficult to solve. That’s how it is and that’s why there are a lot of businessmen who’ve invested on supercomputers. The first miner to answer the mathematical puzzle gets 25 bitcoins which is obviously going to be a lot of money. However, the drastic depreciation of Bitcoin’s value in the past few days is very alarming. In fact, it has dropped 36% of its value in the past two days only, from $269 in January 13 to $172 in January 15.

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Bitstamp’s losses reach $5.1 million as approximately 19,000 units went missing

bitstamp

Last January 5, 2015, news about a huge cryptocurrency hack broke down when Bitstamp‘s more than 19,000 units, worth about $5.1 million, went missing. This prompted the UK-based Bitcoin exchange to temporarily halt all services and user transactions like deposits and withdrawals. They assured their customers though that all bitcoins held before the incident are safe, because they are covered by insurance. This is a huge setback not just for the exchange, but for the Bitcoin community, in general, as it’s gone a long way of reviving the value of the virtual currency. Unlike cash stolen from banks that are largely untraceable, movement of bitcoins can be tracked. Every transaction made has a record created on the blockchain. Hopefully, this can shed some light on the whereabouts of the bitcoins and the perpetrators.

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BitPay’s Football Sponsorship Scored Bigtime

BitPay

BitPay has become a full-fledged football sponsor last December 26, 2014 by staging its first ever St. Petersburg Bowl game between North Carolina State Wolfpacks and the University of Central Florida Knights. The game was a huge success for the world’s largest bitcoin payment service provider as it attracted around 3.3 million viewers. In fact, game coordinator Ashley Wheeler claimed there were over 100 vendors accepting bitcoin payments in the area throughout the game. This is definitely how BitPay envisioned the event would be when it first announced its sponsorship, along with ESPN Events, as early as June 2 this year. Wolfpacks beat the Knights, 34-27.

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Bitcoin to End 2014 with a Bang

Bitcoin has again scored bigtime this 2014 with Microsoft and Dell as two of the newest companies to now accept cryptocurrency as a payment method. Earlier this month, December 11, Microsoft announced its decision to accept purchases in the Microsoft Store using bitcoins. It specifically assigns BitPay, the leading Bitcoin payment processor worldwide, to facilitate the trade-in of the virtual currency at its current market value.

Eric Lockard, Microsoft’s Universal Store vice president, lauds the move saying it’s primarily aimed at giving consumers flexibility in terms of payment and other online transactions. While the use of Bitcoin may not be on the mainstream yet, he acknowledges that its growth has gone beyond customers who’ve adopted it in its early years. Dell, for its part, also announced the acceptance of Bitcoin on technology purchases performed on their website.

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The uncertain future of Bitcoins in Australia

Bitcoin Australia

Background

Bitcoin, which drew its roots in 2008, is a decentralized, software-based online payment system. Often referred to as a cryptocurrency, bitcoin has gone a long way from being a virtual currency into a trusted form of payment for various products and services.

While several big companies in the US like Amazon and PayPal have already embraced the legitimacy of bitcoin as a payment method, Australia is just not ready yet. There’s still a big question among their lawmakers on how bitcoin is to be treated, despite its known advantages like low fees, payment flexibility, and anonymity. In fact, the Australian Tax Office has dismissed it as a form of currency last August this year, thus forcing cryptocurrency startups to instead explore other countries.

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Police Seize Bitcoin ATM as Part of Drugs Bust

bitcoin atm bust

The automatic bitcoin teller machine in Queensland was seized during an investigation concerning drug trafficking network which was linked to Bandidos bikie gang. Police were able to seize the ATM after a serious investigation through joint raid as well as custom officials at Roastery café which is located in South Brisbane.

After the arrests, police pointed out that the café has been one of the commercial multimillion-dollar networks for trafficking methamphetamine headed by a suspected former gang leader of the Bandidos Brisbane Centro chapter. According to police, they are yet to find out if the transactions by bitcoin which the café has accepted played any of the criminal acts after the installation of the machine in May. According to Mick Niland a Superintendent, the alleged trafficking is being checked by a group of computer experts who are busy examining the machines forensically.

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Bitcoins to be accepted by Paypal

paypal accepts bitcoin

 

Braintree, a subsidiary firm of Paypal, has finally announced that it will establish a partnership with the bitcoin payment platform Coinbase, for allowing bitcoin payments through Paypal. This announcement comes after many weeks of rumors. Coinbase is one of the largest bitcoin payment platforms. These two partners will work together in the following months for allowing full bitcoin integration.
Braintree already manages payments for its clients like Reddit and Overstock. The CEO of Braintree, Bill Ready, has declared at the Techcrunch Disrupt conference in San Francisco that Paypal takes measures to embrace bitcoin. The partnership will help firms that already use Braintree for payments to embrace bitcoin in the following months. This step will be possible without any configuration changes and will encourage the adoption of cryptocurency.

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