I want to buy some bitcoins. Ideally, I would like to buy them on the MtGox exchange (because the consensus seems to be that this is the most reputable exchange), however I have found the system for transferring USD to MtGox to be very disappointing. I would have liked to be able to add funds with PayPal or directly with a credit card, however both of these are not possible.
My question has two parts:
- Is there an easy way to use a credit card to add USD funds to my MtGox account. Liberty Reserve, Dwolla, and Paxum seem to be the financial institutions of choice for MtGox and the rest of the exchanges. Is any of these simple to fund using a credit card, or are they all basically PayPal analogues (which Paxum seems to be) that require a large amount of setup?
- If it is not possible for MtGox, is there another, hopefully reputable, exchange that I can use PayPal or a Credit Card to buy bitcoins with?