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RE: Newbies Guide to Powering Up

in #steemit8 years ago

The credit card is instant funding. The only problem is the ridiculously low $60/day limit (although maybe that will go up once my credit card company pays them).

There have to be some fees with Circle. How are you getting money into it? Credit cards charge merchants up to 4% which Circle has to pass on. Also, are you sure that Circle isn't charging basis points on conversion (that's what Coinbase is doing as well).

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If you use your debit card, it is free. I think the CC charge is 3.5% or so. I'm sure with the BTC, they are making a profit on the buy/sell spread. It works almost exactly the same as the square cash app.

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