Localbitcoin.com is a better place for selling our bitcoins than buying bitcoins because normally the price is little higher from the market place.
Of course sellers have the advantage there. It's an exchange that serves mainly as alternative to how centralized exchanges are more and more forcing people to fully verify themselves, which is something the sellers know as well, so premiums are a normal thing on that platform. I personally think it's well justified, but in some cases the premiums are just too steep. It's not for nothing that LocalBitcoins is climbing up in ranking so quickly - people don't want to hand an utter stranger their personal details, selfie, ID scan, etc. I however have been reading about some unpleasant experiences of people with cocky/shady sellers demanding a higher price when meeting in person, so it's definitely not only positive.
Topic: Alternative to Coinbase - page 2. (Read 772 times)
It actually depends on which country you are from because nowadays many local bitcoin exchanges are there in each country and they allow us to buy with either bank deposit or credit cards.
As you said localbitcoins.com is the best place to buy bitcoins using fiat currency because it is available in all the countries so you just can use your local bank account to buy bitcoins.But you need to be caustious while buying bitcoins because the fee is too high at the moment so if a trader sends you the bitcoin with too low fee then it will get unconfirmed for days and may return back to his wallet.So it is better to read the feedback of the traders before initiating your traders.
Local bitcoin sellers price usually quite higher than market price so we should find one who can sell at reasonable price. You need to negotiate first how much he has to pay the transaction fee before you send money to him. Also, after he sends money you can ask free accelerators accelerate your transaction.
Localbitcoin.com is a better place for selling our bitcoins than buying bitcoins because normally the price is little higher from the market place.But localbitcoin have traders from all over the world some countries sell for cheaper price too,so if he can find a way to pay them in their local currencies then he can make good profits out of it.You can use LocalBitcoin for buy bitcoin with fiat, another way is using blockchain.info, but blockchain not support to buy bitcoin on some country. Or you can use another service like paxful.
As you said localbitcoins.com is the best place to buy bitcoins using fiat currency because it is available in all the countries so you just can use your local bank account to buy bitcoins.But you need to be caustious while buying bitcoins because the fee is too high at the moment so if a trader sends you the bitcoin with too low fee then it will get unconfirmed for days and may return back to his wallet.So it is better to read the feedback of the traders before initiating your traders.
Local bitcoin sellers price usually quite higher than market price so we should find one who can sell at reasonable price. You need to negotiate first how much he has to pay the transaction fee before you send money to him. Also, after he sends money you can ask free accelerators accelerate your transaction.
But I am always using localbitcoins.com exchange for buying and selling because it is very easy and comfortable and it allows me to pay in my local currencies over USDs.
It actually depends on which country you are from because nowadays many local bitcoin exchanges are there in each country and they allow us to buy with either bank deposit or credit cards.
As you said localbitcoins.com is the best place to buy bitcoins using fiat currency because it is available in all the countries so you just can use your local bank account to buy bitcoins.But you need to be caustious while buying bitcoins because the fee is too high at the moment so if a trader sends you the bitcoin with too low fee then it will get unconfirmed for days and may return back to his wallet.So it is better to read the feedback of the traders before initiating your traders.
Local bitcoin sellers price usually quite higher than market price so we should find one who can sell at reasonable price. You need to negotiate first how much he has to pay the transaction fee before you send money to him. Also, after he sends money you can ask free accelerators accelerate your transaction.
You can use LocalBitcoin for buy bitcoin with fiat, another way is using blockchain.info, but blockchain not support to buy bitcoin on some country. Or you can use another service like paxful.
As you said localbitcoins.com is the best place to buy bitcoins using fiat currency because it is available in all the countries so you just can use your local bank account to buy bitcoins.But you need to be caustious while buying bitcoins because the fee is too high at the moment so if a trader sends you the bitcoin with too low fee then it will get unconfirmed for days and may return back to his wallet.So it is better to read the feedback of the traders before initiating your traders.
Local bitcoin sellers price usually quite higher than market price so we should find one who can sell at reasonable price. You need to negotiate first how much he has to pay the transaction fee before you send money to him. Also, after he sends money you can ask free accelerators accelerate your transaction.
Thanks for your input @cissrawk. Here the updated list
- Coinbase
- LocalBitcoins.com
- Paxful
- Coinmama
- Luno
- Bitquick
- Cex
- Kraken
- Cryptopay
So here what we have so far for services to buy Bitcoin from Fiat Currency. Please add to the list. I cannot believe we have only these alternatives.
- CoinBase
- LocalBitcoin.com
- Paxful
Of course there still a lot of them. Like coinmama, Luno, Bitquick and more. Some exchanger accept fiat too like Cex, and Kraken. And i just checked my cryptopay and looks like you can buy bitcoin with a bank card on there.
So here what we have so far for services to buy Bitcoin from Fiat Currency. Please add to the list. I cannot believe we have only these alternatives.
- CoinBase
- LocalBitcoin.com
- Paxful
Hi,
I am looking for alternatives to Coinbase to buy Bitcoin from fiat currency (USD) that better transaction fees than Coinbase. Is there any that accepts Amex too?
Thanks
Stephane
I am looking for alternatives to Coinbase to buy Bitcoin from fiat currency (USD) that better transaction fees than Coinbase. Is there any that accepts Amex too?
Thanks
Stephane
When comparing to localbitcoins you will not find the more value than in any exchange bro. So buying the bitcoin with the localbitcoins is the best option to hold the fund for sometime. When you goes to deposit the fund in the bitcoin wallet, they will ask you deposit fees including the transaction fees. This is what we noticed in the LBC wallet when we use to sell the bitcoins for the money.
When buying the bitcoins with the wallet you should have to use your debit or credit card to get the bitcoins. Automated escrows will handle the transaction safely.
Hi,
I am looking for alternatives to Coinbase to buy Bitcoin from fiat currency (USD) that better transaction fees than Coinbase. Is there any that accepts Amex too?
Thanks
Stephane
I am looking for alternatives to Coinbase to buy Bitcoin from fiat currency (USD) that better transaction fees than Coinbase. Is there any that accepts Amex too?
Thanks
Stephane
You can use GDAX and keep your Coinbase account (as they belong together) but get much better rates while buying and selling.
You can use LocalBitcoin for buy bitcoin with fiat, another way is using blockchain.info, but blockchain not support to buy bitcoin on some country. Or you can use another service like paxful.
As you said localbitcoins.com is the best place to buy bitcoins using fiat currency because it is available in all the countries so you just can use your local bank account to buy bitcoins.But you need to be caustious while buying bitcoins because the fee is too high at the moment so if a trader sends you the bitcoin with too low fee then it will get unconfirmed for days and may return back to his wallet.So it is better to read the feedback of the traders before initiating your traders.
You can use LocalBitcoin for buy bitcoin with fiat, another way is using blockchain.info, but blockchain not support to buy bitcoin on some country. Or you can use another service like paxful.
I want to know this too
if which supports api is better
if which supports api is better
Hi,
I am looking for alternatives to Coinbase to buy Bitcoin from fiat currency (USD) that better transaction fees than Coinbase. Is there any that accepts Amex too?
Thanks
Stephane
I am looking for alternatives to Coinbase to buy Bitcoin from fiat currency (USD) that better transaction fees than Coinbase. Is there any that accepts Amex too?
Thanks
Stephane
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