IndaCoin – Instant Bitcoin With Your Credit Card
IndaCoin is an internationally accessible online exchange that offers easy bitcoin and litecoin purchases via Visa and Mastercard. By making use of a Visa/Mastercard authorized payment facility, IndaCoin allows customers in possession of a 3D Secured Visa or Mastercard to purchase bitcoins without the need to divulge personal information or identification.
London-based IndaCoin’s website https://indacoin.com/ offers users the full range of expected exchange services, including current Bitcoin and Litecoin rates, exchange volume, historical charts, as well as timely news updates relating to financial and currency exchange regulation in various territories. Additionally, a public and private RESTful API is available with example calls and code provided at https://indacoin.com/api
Payment Channels
Users can fund their exchange account using one of the following payment methods:
- Alfa-Click
- Bitcoin
- Litecoin
- QIWI
- Credit Card
- Payeer
- PerfectMoney
Funds Withdrawal
Other than the common practice of transferring funds via the low-fee Bitcoin network, getting money out of your exchange account can be achieved via the following:
- WebmoneyR
- Yandex.Money
- Beeline
- Megafon
- MTS
- Russian credit card
- Bitcoin
- Litecoin
The minimum transaction amount in the Bitcoin exchange is $1.00, and the minimum withdrawal amount is 0.01BTC.
IndaCoin’s customer information pages state that transactions typically take only minutes to complete and with the odd delay of up to 48 hours.
Exchange fees are currently zero for limit order execution and 0.15% for market orders. Various tiered fee structures apply to the various deposit and withdrawal channels – details of which are available on the website at https://indacoin.com/help
Credit Card Payment
Of special interest to many Bitcoin fans is IndaCoin’s facility that allows users to purchase bitcoins using a credit card.
In most cases, credit card purchases can be made without the need for users to provide any personal information to the exchange. After initiating their first credit card purchase, a user can contact their bank (or online banking facility,) to obtain the authorization code used for the transaction and provide this code via an Indacoin platform “waiting” page to authorize the purchase. Provision of this authorization code simultaneously enables instant future payments which do not require the aforementioned process (for the same card) and whereby bitcoins are deposited in the user’s exchange wallet after confirmation by the Bitcoin network.
In some cases (and in lieu of the above mentioned authorization code) the IndaCoin payment platform may request a photo of the user’s credit card (with the first 10 numbers of the card obscured) and their passport or driver license. This is generally the case for users without a 3D Secured credit card, and is also the exchange’s recommended course of action for users who do use a 3D Secured card, but who cannot obtain the authorization code.
Debit cards and Visa Electron cards can also be used to transact.
Contact and Interact
The Indacoin website is available in three languages: English, Spanish and Russian, and features a 24 hour live webchat service, which means users can get information and assistance around the clock and over weekends.
The exchange confirms that users from the US, EU, LATAM and some Asian countries have been using the instant payment facility with success.
The Indacoin website is minimalist yet intuitive. Making its appearance after many years of often over-complicated and laborious exchange sites and procedures, Indacoin is a no-nonsense breath of fresh air and cut to the chase of providing users with an easy cryptocurrency exchange service.
Related News
Indacoin is a cryptocurrency exchange that allows you to buy bitcoin quickly and easily with a credit card. They also have an exchange with bitcoin litecoin and ethereum / USD pairs with up to 5x leverage. Let´s have a closer look at what they offer. Indacoin is a global platform enabling the quickest bitcoin purchases in more than 200 countries with a credit or debit card and no registration. Buying Bitcoin at Indacoin. To buy bitcoin with a credit card all you need to do is go to the buy bitcoin page and enter your card info. If it’s the first time you use the card, you will receive a....
Indacoin is an exchange service that allows users to buy bitcoin and litecoin with debit or credit cards. With customers across the world, in areas such as the US, Canada, Europe and the CIS region, this platform aims to make bitcoin more accessible to the average person. How Indacoin Works. To use the service, customers enter a credit card number, along with a valid phone number and email address. After specifying how much bitcoin or litecoin the customer would like to purchase, users enter the bitcoin address where they would like to have their coins deposited. Indacoin notes that all....
Indacoin, no, it’s not an India based exchange, but it is perhaps one of the easiest ways to acquire bitcoins. Based in the United Kingdom, although a global company, Indacoin is unlike other exchanges. Obtaining bitcoin can sometimes feel like an overly intrusive process, Indacoin knows that and only takes what’s necessary. “We are doing our best to let non-experienced users touch the new world of Cryptocurrencies. That is the main reason why we have launched our Exchanger with no registration and no verification. You only have to have a Bitcoin or Litecoin wallet along with a credit card....
Coinsis and Blackcoin May Be Partnering Up For BTC/BC Debit/Credit Card. Bitcoin debit and credit cards are all the rage. There are several either on the market or in the pipeline right now. One of those is Coinsis. Technically, Coinsis is not a Bitcoin debit card at all. Instead, it will quickly exchange Bitcoin for USD and then load it on the card. The process takes about 15 minutes, after that, the money can be spent instantly. It isn't quite the instant conversion to fiat some people were hoping for, it works similar to Cryptex's card rather than Xapo's. The Xapo card pays the credit....
Prepaid credit cards are not new. However, a prepaid credit card that can be funded with bitcoins is. The BitcoinCard is a credit card that can be funded via BTC. Don't get too excited though, as this card does not let you transmit bitcoin via the card. Despite the website's UK top level domain, the company informed us that the card primarily holds Euros. When we contacted The Bitcoin Company, who are offering this card, a representative told us: "The card works as a normal prepaid credit card. The difference is users can buy it with bitcoins, and fund it with bitcoins." It's not clearly....