Bittylicious Extends Credit Card Payments to Altcoin Buyers

UK digital currency brokerage Bittylicious is now allowing altcoin buyers to pay with credit cards.

AccessTimeIconSep 23, 2014 at 8:35 a.m. UTC
Updated Sep 11, 2021 at 11:11 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now
Bittylicious
Bittylicious

now allows users to purchase all of its available altcoins with MasterCard and Visa credit and debit cards.

The UK-based bitcoin brokerage first announced support for credit card payments this May when it added the payment option for bitcoin buyers. Bittylicious accepts bank transfers, cash payments and select mobile payments services such as Barclays Pingit, though card payments are only available in euros.

Speaking to CoinDesk, Bittylicious founder and director Marc Warne cited strong demand for the payment option as the motivating factor behind the decision, and he added that the service upgrade would be finalized over the coming days.

Warne said:

"All altcoins (as well as bitcoins of course) may be purchased with a credit or debit card on Bittylicious, hopefully as of Tuesday. Almost all are available immediately, with a couple more of the recent additions being added shortly."

The announcement comes at a time of increasing activity in the UK digital currency exchange space, as new exchange services such as Yacuna and Bitok have launched in recent weeks.

Founded in 2013, Bittylicious is one of the oldest exchange services in the UK, facing notable competition from Coinfloor. Bittylicious sells blackcoin, dogecoin, darkcoin, feathercoin, maxcoin, peercoin, quarkcoin, StartCOIN, vertcoin and worldcoin.

Existing security applies

Warne stressed that altcoin buyers will be subject to the same security procedures as bitcoin buyers.

Users first need to upload an ID, Warne explained, which is then vetted by card processors. The process will take about one business day and serves as an added safeguard against fraud.

Bittylicious
Bittylicious

Bittylicious users also need to provide their own wallet for all bitcoin and altcoin transactions. For a more in-depth overview, Warne suggested prospective users review its online 'Bitcoin Buying Guide' for more details.

Evolving payment options

Warne suggested that credit card payments have remained a popular payment option at Bittylicious since their introduction, and that he does not see enabling credit card payments as contradictory to the larger goals of bitcoin.

Rather, Warne suggested that supporting more payment options is good for the ecosystem as it encourages more buyers to enter the community.

"Many people that either want to make a purchase without having to log in using their online banking, or want to make larger purchases, are happy to pay a little extra to use their card," he added.

Going forward, Warne said Bittylicious plans to streamline its card process and increase the number of local payment methods to European markets.

Images via Shutterstock; Bittylicious

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.