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Bank transfers are by far the most common funding method supported by Bitcoin providers, including us. Customers make a deposit in their local currency, and then once the money reflects, they use it to purchase Bitcoin. The other hurdle is that we can only accept bank deposits from customers with bank accounts in our supported countries. This excludes many people from getting access to Bitcoin and our products. We are excited with the slow rolling out of a new feature, still in beta testing mode: We have partnered with Simplex to provide this feature.
They have extremely sophisticated tracking and monitoring systems and use tons of data points to identify potential fraud. This was very important to us. All a customer needs to do is enter their credit card details and the amount of Bitcoin they wish to purchase in USD and in a few minutes, the transaction will be processed.
For Luno, this is a big step towards reaching our end goal: Werner is our former Head of Communications. His passions include payments, e-commerce, technology, marketing and design: Buy, store and learn about Bitcoin and Ethereum now.
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BitX is now Luno. Price charts Bitcoin Price Ethereum Price. At Luno, we focus on helping customers get Bitcoin in the easiest and fastest ways. This, however, is often a hurdle for new customers to buy Bitcoin: Note that Simplex recently announced that they won't be able to support customers from Canada anymore.
Note that we have seen some credit cards being rejected while going through the process. This is usually due to your bank not approving the payment. In such cases, we would urge you to try another credit card if possible and make sure it is a reputed international credit card.
For step-by-step guidance on buying Bitcoin with your credit card, see our Help Centre article.