The Mt. Gox FAQ reads:

Unfortunately we do not accept any credit or debit payment

Why is this so? It seems like the most natural way to buy bitcoin would be to pay for it using money in my bank account. However this very method seems to be avoided almost everywhere.

  • For the US answer, punch "regulation E" into you favorite search engine. Jan 4, 2017 at 19:46

3 Answers 3


Main reasons :

1) Bitcoin is anonymous, free and irreversible. Credit and debit card transactions have to be reversible, Paypal transactions are reversible. So such a system would be a gold mine for card thieves, money launderers, scamers, etc. A relatively small website cannot face the risks.

2) If you're dealing with credit cards you have to follow some regulations, pay charges to the card emitter network, etc.


No one will trade you Bitcoins for credit/debit because these kinds of transactions are highly prone to fraud and are easily reversible, while the Bitcoin side of the transaction is not. It's entirely too easy for me to call my bank and have a charge reversed - and now I've got your coins and my dollars and you have nothing.

  • What about time limits? Don't banks have a certain amount of time to reverse the charge? What if Mt. Gox placed a hold on the funds for that time?
    – Cory Klein
    Mar 21, 2013 at 19:28
  • They could, but with most banks it's something absurd, like 30+ days. It's a security measure that's been disputed since the beginning of Bitcoin and it's unlikely to change. Mar 21, 2013 at 19:50

"money from my bank account" would be more like Dwolla or Popmoney. There are plenty of exchanges that accept Dwolla.

Debit cards, and more so credit cards, are not bank to bank transfers. The money goes through a third party processing network which will have its own fees and chargeback requirements and rules, all of which get very complicated. I'm sure you've heard of some of these networks, and seen the logos for many more on ATMs:

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