Circle.com is now open for business!

Circle.com is now open for business! After months of invite-only operation, you can now simply register for Circle and begin using their service immediately. Unique to Circle is the ability to purchase Bitcoin with a credit card, making Bitcoin easily accessible to customers globally.

We have tested their service by buying Bitcoin with a credit card, withdrawing Bitcoin to the same credit card, and sending Bitcoin to an outside Bitcoin address. The steps were extremely simple to follow and it all worked seamlessly and instantly.

That being said, it should be interesting to see how they handle credit card fraud. Bitcoin transactions are irreversible by design , while credit cards allow chargebacks, making Circle particularly vulnerable to credit card fraud. It is the main reason, their competitor, Coinbase hasn't offered credit card deposits or withdraws (Coinbase only allow bank accounts to be used with a credit card as a backup for instant purchases).

Now that sign ups are open we will see how they will handle fraud situations. During the invite-only stage, fraud was limited due to the limited roll-out.

To sum it all up, Circle just became the easiest way for individuals around the world to buy and sell Bitcoin. You should definitely check it out.


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