On 21 March 2012 15:56, Dirk Bruere <dirk.bruere@gmail.com> wrote: Are there any bitcoin exchanges that take PayPal or credit/debit cards?

I don't do online banking with my accounts.

One key feature of Bitcoin is that a transaction is non-revocable. Once you send Bitcoins to a Bitcoin wallet address, the Bitcoins are irrevocably sent. PayPal supports charge backs, so someone who buys Bitcoins could then file a charge back request with PayPal and get PayPal to refund his payment. Therefore nobody accepts PayPal for Bitcoin purchases. Credit cards also have identical issues. Also, get the destination Bitcoin address wrong and the Bitcoins sent can never be recovered by anyone. If you want to confirm GBP into Bitcoins you need to use a Bitcoin exchange. The guys at http://www.intersango.com accept SEPA and bank transfers to their Lloyds TSB account. The funds usually show up in your exchange account around 1 business day later. I know the guys running Intersango, and they are legit. and are based in London and Poland. Having said that they've had to change from HSBC to Lloyds as HSBC was giving them a lot of problems, so don't make any large deposits. http://www.mtgox.comis the other large exchange which is based in France and Japan. The major weakness in Bitcoin are the exchanges, as they're they interface between normal currencies and the Bitcoin ecosystem, and so suffer all the problems and risks of both systems, i.e. regulation, security, and technical issues. Caveat emptor - this is the Wild Wild West of currency. Regards, Gary -- Zero State mailing list: http://groups.google.com/group/DoctrineZero ----- End forwarded message ----- -- Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE