Topic: / - page 2. (Read 1594 times)
I've been buying on Coinbase for the past month.
If you can deal with the delay - its a reliable outlet. Withdraws directly from your bank acct.
If you can deal with the delay - its a reliable outlet. Withdraws directly from your bank acct.
I've been doing the same, buying from Coinbase for the last month. My first couple of BTC purchase took about 5 days, now my next purchase will arrive in 3 days. I don't know if they have gotten the logistics together and no can better fund customer accounts. But so far pretty solid
I mined 0.7 BTC nearly 2 years ago in pool, 2 months ago I requested payout from pool and then I realized that I don´t know where I created my payout address and I don´t have access to it.
So my first bitcoins are effectively lost.
Now I bought BTC using Bitstamp exchange.
So my first bitcoins are effectively lost.
Now I bought BTC using Bitstamp exchange.
Didn't really trust the idea of exchanges to begin with (heh...) 
I bought my first bitcoin in EUR on bitcoin.de via SEPA transfer which takes about 3-4 days. The trading is direcly between the users and bitcoin.de acts like a trust service. The trading fee is 1% (0.5% for the buyer and the seller)
Lets say you want to buy 1 btc for the price of 100€ -> you will pay 99.5€ and you will get 0.99 bitcoins after the seller manually confirms that the 99,5€ arrived in his SEPA bank account.
This works slow and you will have to live with the trust system of bitcoin.de.
To reach a certain Trust Level, all conditions ("Number of ratings", "Percentage of positive ratings", "Volume of sales") should be met:
Bronze Bronze
Number of ratings: less than 5
Volume of sales for trades: less than 25 BTC
Percentage of positive ratings: 0% to 69%
Silver Silver
Number of ratings: 5 bis 15
Volume of sales for trades: between 25 to 150 BTC
Percentage of positive ratings: 70% to 89%
Gold Gold
Number of ratings: from 16
Volume of sales for trades: higher than 150 BTC
Percentage of positive ratings: 90% to 100%
A newbie would start with trust level bronze and has to opearte within the restrictions.
I hope you can use this information.
Cheers
Lets say you want to buy 1 btc for the price of 100€ -> you will pay 99.5€ and you will get 0.99 bitcoins after the seller manually confirms that the 99,5€ arrived in his SEPA bank account.
This works slow and you will have to live with the trust system of bitcoin.de.
To reach a certain Trust Level, all conditions ("Number of ratings", "Percentage of positive ratings", "Volume of sales") should be met:
Bronze Bronze
Number of ratings: less than 5
Volume of sales for trades: less than 25 BTC
Percentage of positive ratings: 0% to 69%
Silver Silver
Number of ratings: 5 bis 15
Volume of sales for trades: between 25 to 150 BTC
Percentage of positive ratings: 70% to 89%
Gold Gold
Number of ratings: from 16
Volume of sales for trades: higher than 150 BTC
Percentage of positive ratings: 90% to 100%
A newbie would start with trust level bronze and has to opearte within the restrictions.
I hope you can use this information.
Cheers
I'm planning my first bitcoin purchase and would be interested to hear what methods have or haven't worked for others for an initial purchase. Did it go smoothly? What problems/obstacles came up? Have you tried other methods since, or stuck to the one you started with?
I started out just by purchasing small amounts off eBay. Usually more expensive but can occasionally get reasonable prices off the auctions. Low risk when buying, but not the case when selling.
By mining mostly now. I had wondered how easy it'd be to fund BTC purchases through Mt Gox. Decided I'd try buying one BTC and wanted to be able to fund it without bank transfers or having to send Western Union. Being in the US, I found out it wasn't too easy. Took about 2 1/2 weeks for verification on Mt Gox. A week and a half for Dwolla verification. Bitinstant wouldn't accept Dwolla for some reason, kept giving an error. Finally Dwolla appeared back on Mt Gox and I bought a BTC. Then about a month later, DHS freezes Mt Gox's Dwolla account.... I think I'm going to stick with mining, or open a Swiss account, lol.
The first Bitcoin I received were through mining. I've since bought Bitcoin through MtGox funded with Bitinstant which went well, though it had some fees.
Now I use Coinbase as well. Some people have had complaints about them in the past, but I haven't had any bad experiences. I've been using them since their beta launched.
Now I use Coinbase as well. Some people have had complaints about them in the past, but I haven't had any bad experiences. I've been using them since their beta launched.
Jump to: