Buy Crypto currency via Debit or credit card (On Stake.com)

[dhiarahmouni]

I dont think that is gonna happen cause every country have its own crypto rules but u can find a lot of platforms to buy what ever u want these days and u can even choose between platforms for the fee deferance

[blueprints]

I dont think theres much you could buy from a  casino other then financial instability and temporary pleasure and entertainment! 

[cryptofly]

When a credit card arrives to a site in order to create business, purchases and sales, the central banks will take position and will bring many security rules, which is not bad, and many citizen restrictions.  I don`t think that STake needs that right now.  Maybe Stake only "needs" to include a Stable coin among the coin list and why not, create a internal exchange platform for users to exchange coins; all this with the obvious fees.  I don`t think a credit card (visa/master) would be a good idea at this particular moment when the ecosystem is on a big and fast development yet.  Just my opinion.  Good luck. 

[nikowin88]

Hi there, 

Juste as Enzo said. The thing is to accept credit card payment you have to play with banks rules to say it simple. 

Eddie already answered this in the first stream he made few month ago. 

And in his vision Stake should remain a crypto casino for 2 main reason : anonymity and remaining free from. Banks regulation rules. So as he said it's not in the plan to accept one day credit cards and it's probably never happen here. 

But yes to say it's really hard to buy any coin without fulfilling ID check. But I guess most of us already have at least one or two crypto retailer we use. I mean you just have to do it once and after that you're good for life so... 

And if for some kind of reason you really don't want to do that I'd check there always alternative ways. Like localbitcoin ( not sure it's the exact name) this site that allows peer to peer transaction and out together someone who wish to sell some crypto and someone who wish to buy some. I'm pretty sure that you can find other ways in Bitcointalk too. 

But yeah it s not that easy. 

Another way could be using another casino that accept credit card and allows bitcoin withdrawal. The first that comes to my mind is 1xbet.i know it bc it s like that I got my first btc. I deposit € , played some, won some and withdrew with btc. 

But obviously we fall to the first statement. If that casino accept credit card he would have asked you to verify yourself before any withdraw... 

[Bahalanaooo]

maybe soon they add that but they focus on the added games etc.

[nathantor]

i agree with this, this is safe since it stake.com will run it, i trust stake more than any other 3rd party, better to be able to depo or buy satoshi using debit or credit cards on stake. more convenient.

[StoneDragon]

Its seems good and bad idea same time i thinks, stake may lose alot people, since there is a laws on some country about gambling, kys alot people dont like this, seems to much work, they may try make to make some deals with other wallets, deposit there and maybe sent here super low fees or something something like coinwitch(but something better).

[doggod]

On 8/5/2019 at 5:18 AM, wry said:

Whenever an exchange on Stake is mentioned the regulatory burden of running one is extensive and would introduce many new regulations.  Unless Stake moves to a country with almost no regulations, I don't see anything like this happening, though I do wish it was easier to buy crypto.  That barrier has ALWAYS been an issue.  Apparently, there was a time when you had to send people cash in the mail to buy crypto!

mean this is really impossible? or just alot of things to consider first before you can implement it? like some legal things right? and it will be more tideous. 

[nikowin88]

18 minutes ago, doggod said:

mean this is really impossible? or just alot of things to consider first before you can implement it? like some legal things right? and it will be more tideous. 

Not really impossible. But again last time Eddie was asked about the possibility of adding credit card he said he didn't wish to add such a feature for the moment and in the future bc it was opposite to all what crypto currency represented and stake too as a cryptocasino. So not impossible but yet it won't happen anytime soon 

 

[doggod]

5 minutes ago, nikowin88 said:

Not really impossible. But again last time Eddie was asked about the possibility of adding credit card he said he didn't wish to add such a feature for the moment and in the future bc it was opposite to all what crypto currency represented and stake too as a cryptocasino. So not impossible but yet it won't happen anytime soon 

 

i think its only because he willneed to hire another peoples for the finance team right? another people to pay, but its for good i think.

[nikowin88]

9 minutes ago, doggod said:

i think its only because he willneed to hire another peoples for the finance team right? another people to pay, but its for good i think.

Well only thing I can say is what I said in previous post. He didn't talked about the need of hiring more ppl ( considering the last month recruitments I don't think this is true) but as I said it's about the spirit of crypto ( anonymity and decentralized) that would be hurt by accepting credit card and regulations that come with. But everyone is free to think anything. Just ask Eddie next stream he will reply you I'm sure  👍

[Sledge]

On 8/4/2019 at 6:07 PM, polor12 said:

with all the new alt coins and also stable coins that are  coming out and the recent coins that stake have.. would it be a good ideal for them to start using credit or debit cards to purchase coins from stake.,,??  really getting annoyed with this other platforms.. having to give proof of identity for major purchases. not only that the hold they put on it.. if we buy straight from the casino.,no worries about the fees and probably proof of id.. would stake ever considered doing it.>>>

This could give lots of legal actions  for stake then, which I think that they won't do. But you are right that other platforms got so many requirements just to buy crypto. This is a good idea though. But will take lots of time.

 

On 8/5/2019 at 5:18 AM, wry said:

Whenever an exchange on Stake is mentioned the regulatory burden of running one is extensive and would introduce many new regulations.  Unless Stake moves to a country with almost no regulations, I don't see anything like this happening, though I do wish it was easier to buy crypto.  That barrier has ALWAYS been an issue.  Apparently, there was a time when you had to send people cash in the mail to buy crypto!

Wow didn't know about that! As in, you gonna send it to an email? Not to a crypto currency address? Is it even possible? When this happened? I didn't thought that it was possible. 

 

On 8/4/2019 at 7:56 PM, Kate said:

Another same topic was created by someone else . Why do people want to buy directly from stake ? There are so many sites out there that provide this service just buy from them easy.

Hmm maybe they are lazy too much? Or polor expect lower fee or easier transactions if this will happen. 

[wry]

2 hours ago, Sledge said:

Wow didn't know about that! As in, you gonna send it to an email? Not to a crypto currency address? Is it even possible? When this happened? I didn't thought that it was possible. 

Possible and quite common.  Someone sends cash and the address they want the coins to and the coins show up when the cash is received.  Cumbersome but possible and very common, especially back in the day.  You can look through this thread:  https://bitcointalk.org/index.php?board=53.0 and see people doing it almost from the start of Bitcoin!

[Xarv]

This would be great, a friend of mine tested out Stake and busted, he wanted to buy more cryptos but got turned away for having to register to another site. 

As mentionned above I guess it's a bit hard for Stake to implement this, but perhaps they could partner up with a Exchange Platform ? I don't have much knowledge on regulations & laws about this so I'm just shooting in the dark here... but if it was possible, it would be great for lazy people like my friend lol.