Last updated: 12 months ago
Bitcoin by Mobile
TIME: ~-1-5 minutes (virtually instant)
RATES: High (see below)
How does it work?
The purchase is charged to your mobile phone bill or deducted from your prepaid balance. You will be prompted to confirm the purchase by SMS.
How long does it take?
Using your mobile phone, you can buy Bitcoins in under 1 minute. You will be asked to confirm the purchase via SMS. In some rare cases, delays in your phone company sending you SMS may result in a delay of up to 1-2 minutes. Once the purchase is confirmed, the Bitcoin is sent immediately from Blockchain.info; generally your Bitcoin will be available immediately, depending on how many confirmations your client software is configured to require.
How much does it cost?
Fees vary according to mobile phone carrier, but generally mobile phone companies take a 50% cut. Full pricing, exchange rate, VAT (tax), and service fee information is available on the pricing page by clicking the "More" link.
Here's an example purchase for Spain:
- You spend: 1,45 €
- You receive: ?0,00685136
- VAT (tax): VAT 0,30 €
- Exchange rate: ?1 = 75,69 €
- Carrier fee: 0,53 € (charged by your mobile phone company)
- Service fee: 0,10 € (charged by Bitcoin by Mobile)
Where does it work?
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