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Georg Fiechtl-Otter

[EU] Cheap way to buy CSC by CreditCard

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Posted (edited)

Hey there 👋,

so after trying some ways to buy CSC, here is my currently cheapest way. (regarding fees)  

Thatfor just three easy steps are required as follows:

1) You sign up at Wirexapp and buy XRP with your credit card. The fees there are only 1% which means 25 Euro on a 2500 Euro purchase. This method works just fine for the free version of Wirexapp with a daily purchase limit of 5000 Euro. (Verified User, take a selfie & a pic of ID/Drivers License, done)  Alternatively you can subscribe for 1.20 Euro/Month to receive your own IBAN and use SEPA/Faster payments. (Additionally you get a VISA card which you can use to spend your assets)

Further Details to be found here:

https://wirexapp.com/help/article/wirex-fees-0077

Ref:

https://wirexapp.com/r/8vv746mxsk

 

2) Then you send your XRP to Bitrue where you have only 0.075% trade fee on XRP pairs.

Further Details to be found here:

https://www.bitrue.com/exchange-web/footer/fees.html

Ref:

https://www.bitrue.com/activity/landing?inviteCode=EQQGZV

 

3) Last and easiest step, go to the trade area and exchange your XRP for CSC 🙂

 

So if we add both official fee numbers:

1% + 0.075% 

we add up to a total fee of 1.075% .

(Ignoring the nearly non existent XRPL transaction fees of 0,000000xxx USD)

 

Greetings ✌️🎈

 

 

 

Edit: updated trade fee of Bitrue in the text of 0.05% to 0.075% according to the site.

Edit2: Of the 0.075% on Bitrue you get back 0.025 % as BTR (Bitrue Coin)

All trading fees are adjusted to 0.075%, and 0.025% of the trading volume will be converted into BTR and refund to accounts.“

 

Please check the links for fees in case I forget to update in the guide.

 

 

Edited by Georg Fiechtl-Otter
Fee changed on Bitrue + refund in BTR added + updated outdated ref
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Great post.

I think Wirex is only available in Europe? Is that correct??  :classic_rolleyes:

I've been using UpHold since they went live with XRP and it has been a great experience.

I use ACH there and I pay 1.4% for that one. :drinks:

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1 hour ago, LeGonze said:

Great post.

I think Wirex is only available in Europe? Is that correct??  :classic_rolleyes:

I've been using UpHold since they went live with XRP and it has been a great experience.

I use ACH there and I pay 1.4% for that one. :drinks:

Well there are other countries supported next to the whole EU as you can see here:

https://wirexapp.com/fr-fr/help/article/the-list-of-supported-countries-0027

They are still working on getting live in the USA and so on tho 👀🎈

 

Ye Uphold is/was nice until I noticed Wirex here. 🙂

What does the shortcut „ACH“ mean ? I’m bad with english shortcuts sry xD

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8 hours ago, Georg Fiechtl-Otter said:

Well there are other countries supported next to the whole EU as you can see here:

https://wirexapp.com/fr-fr/help/article/the-list-of-supported-countries-0027

They are still working on getting live in the USA and so on tho 👀🎈

 

Ye Uphold is/was nice until I noticed Wirex here. 🙂

What does the shortcut „ACH“ mean ? I’m bad with english shortcuts sry xD

afaik ACH is the US equivalent of our European SEPA

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11 hours ago, Georg Fiechtl-Otter said:

Aaaah okey now I understand, thanks 👌

Yeah, what @dabiggapicta Said... :sarcastic::drinks:

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Anyone know what the tax implications are when using the wirex card for purchasing a lambo?

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On 5/23/2019 at 10:42 PM, Georg Fiechtl-Otter said:

Hey there 👋,

so after trying some ways to buy CSC, here is my currently cheapest way. (regarding fees)  

Thatfor just three easy steps are required as follows:

1) You sign up at Wirexapp and buy XRP with your credit card. The fees there are only 1% which means 25 Euro on a 2500 Euro purchase. This method works just fine for the free version of Wirexapp with a daily purchase limit of 5000 Euro. (Verified User, take a selfie & a pic of ID/Drivers License, done)  Alternatively you can subscribe for 1.20 Euro/Month to receive your own IBAN and use SEPA/Faster payments. (Additionally you get a VISA card which you can use to spend your assets)

Further Details to be found here:

https://wirexapp.com/help/article/wirex-fees-0077

Ref:

https://wirexapp.com/r/8vv746mxsk

 

2) Then you send your XRP to Bitrue where you have only 0.075% trade fee on XRP pairs.

Further Details to be found here:

https://www.bitrue.com/exchange-web/footer/fees.html

Ref:

https://www.bitrue.com/btr/landingpage?inviteCode=EQQGZV

 

3) Last and easiest step, go to the trade area and exchange your XRP for CSC 🙂

 

So if we add both official fee numbers:

1% + 0.075% 

we add up to a total fee of 1.075% .

(Ignoring the nearly non existent XRPL transaction fees of 0,000000xxx USD)

 

Greetings ✌️🎈

 

 

 

Edit: updated trade fee of Bitrue in the text of 0.05% to 0.075% according to the site.

Edit2: Of the 0.075% on Bitrue you get back 0.025 % as BTR (Bitrue Coin)

All trading fees are adjusted to 0.075%, and 0.025% of the trading volume will be converted into BTR and refund to accounts.“

 

Please check the links for fees in case I forget to update in the guide.

 

 

Exactly my way 😊💪

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