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Topic: Best way to sell/buy bitcoins without fees? (Read 10164 times)
Only if you're trading more than $1,000 (USD) worth will your commission be more than $7. I haven't personally traded on the stock market, but I thought $7 is what e-trade and whatnot tend to charge...
If you're dealing with more than $1,000 of bitcoins, then good for you and yes, it's probably worth it to try to find another way of obtaining that many. However, at that point it's probably worth it to have mtgox do the work of finding that many for you to buy.
If you're dealing with more than $1,000 of bitcoins, then good for you and yes, it's probably worth it to try to find another way of obtaining that many. However, at that point it's probably worth it to have mtgox do the work of finding that many for you to buy.
Well I thought bitcoins should remain competitive against paper money. Why compare purchase of one currency with another one to shares purchase? Stock market commisions were always high. On the other hand if you want to buy Euro with USD you pay almost no commision at all on Forex market. Since bitcoins are alternative currency commision should not be same as on stock market.
I just wish there was an easy way to go USD into the bitcoin market. Currently mining and waiting for dwolla but its slow going.
You can wire your money into MtGox account. However I do not like 0,65% commision on trades. It is higher than on stock exchanges!
Only if you're trading more than $1,000 (USD) worth will your commission be more than $7. I haven't personally traded on the stock market, but I thought $7 is what e-trade and whatnot tend to charge...
If you're dealing with more than $1,000 of bitcoins, then good for you and yes, it's probably worth it to try to find another way of obtaining that many. However, at that point it's probably worth it to have mtgox do the work of finding that many for you to buy.
I just wish there was an easy way to go USD into the bitcoin market. Currently mining and waiting for dwolla but its slow going.
You can wire your money into MtGox account. However I do not like 0,65% commision on trades. It is higher than on stock exchanges!
I just wish there was an easy way to go USD into the bitcoin market. Currently mining and waiting for dwolla but its slow going.
Can't use PayPal, because you can be easily be scammed out of your bitcoins there. There is so tangible evidence that the sale was secured, so they can complain that you didn't pay them and you just lose your coins.
Stick with the ones with fees, its like paying for protection. it wont make much of a difference but in the end it will be worth it
Bitmarket.eu has also it's protection mechanisms even with no funds (I think it does this by locking the bitcoins to buy/sell in the accepted transaction into an intermediate wallet until the payment process has been done between particulars, but that's another story).
I am currently using Tradehill, but it is clunky. Bitcoin7 looks good, but needs some volume. Staying away from the mountain of Gox until they get their stuff together.
I've sold on Bitcoin7, TradeHill, and MtGox (before they had problems), and I can honestly say I liked Bitcoin7 the best. I like the ticker right on the front page that shows what offers are being made. I like the fact I can see that without having to log in. Orange makes me feel comfortable too.
Stick with the ones with fees, its like paying for protection. it wont make much of a difference but in the end it will be worth it
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Register to Mt.gox,
wait for a crash and then buy some btcs.
If you are lucky the crash was doe to hack
and if your trade were effectively canceled during the the sell-off,
Mt.gox will show as a token gratitude for your extreme patience
and you will be able to trade for free for 1 month
leaving out the cynicism, I really think that after that incident they will be the most secure and reliable in that market.
wait for a crash and then buy some btcs.
If you are lucky the crash was doe to hack
and if your trade were effectively canceled during the the sell-off,
Mt.gox will show as a token gratitude for your extreme patience
and you will be able to trade for free for 1 month
leaving out the cynicism, I really think that after that incident they will be the most secure and reliable in that market.
As I said, I'm not planning to pay any fees and I don't want a site that requests funds to operate with (like MtGox or Tradehill). Bitmarket.eu doesn't need such requirements and that's how I like it to be.
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I've read some folks have had PayPal accounts frozen. However I also see many bitcoins available on Ebay. Many people use PayPal to pay on Ebay, in fact many of the bitcoin auctions only accept PayPal-based payments. I haven't been involved in any bitcoin transactions on PayPal but it appears there's only an issue if you sell, someone buys and then disputes, which gets PayPal actually involved in the process as more than just a payment gateway.
Oh, then maybe there are only problems on dispute, but it's still risky business, so I try to avoid Paypal as payment method
Register to Mt.gox,
wait for a crash and then buy some btcs.
If you are lucky the crash was doe to hack
and if your trade were effectively canceled during the the sell-off,
Mt.gox will show as a token gratitude for your extreme patience
and you will be able to trade for free for
1 month
leaving out the cynicism, I really think that after that incident they will be the most secure and reliable in that market
wait for a crash and then buy some btcs.
If you are lucky the crash was doe to hack
and if your trade were effectively canceled during the the sell-off,
Mt.gox will show as a token gratitude for your extreme patience
and you will be able to trade for free for
1 month leaving out the cynicism, I really think that after that incident they will be the most secure and reliable in that market
Quote
One of the best ways is likely by using #bitcoin-otc over on Freenode, assuming you have the patience to get a good reputation.
Thanks Maged, I am not sure if I'll be patient enough, but at least I'll have a look at the channel.
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Twhat's because you shouldn't use it. Paypal doesn't like Bitcoin much and will freeze any accounts that it discovers were used to trade Bitcoin.
Note: Bitcoin users don't have their Paypals frozen, you have to actually bring Paypal into it and use it for buying or selling bitcoins to have your account frozen.
Edit: Oh, and of course there's the fact that they can just dispute the payment and steal your money back with you having no way of getting your bitcoin back.
Note: Bitcoin users don't have their Paypals frozen, you have to actually bring Paypal into it and use it for buying or selling bitcoins to have your account frozen.
Edit: Oh, and of course there's the fact that they can just dispute the payment and steal your money back with you having no way of getting your bitcoin back.
Wow, didn't know Paypal was that evil with bitcoin. Won't use it as a payment method, so I will have to strictly use bank transfer or credit card. Thanks Tronlet.
I've read some folks have had PayPal accounts frozen. However I also see many bitcoins available on Ebay. Many people use PayPal to pay on Ebay, in fact many of the bitcoin auctions only accept PayPal-based payments. I haven't been involved in any bitcoin transactions on PayPal but it appears there's only an issue if you sell, someone buys and then disputes, which gets PayPal actually involved in the process as more than just a payment gateway.
Everyone says be super careful with paypal...
That's because you shouldn't use it. Paypal doesn't like Bitcoin much and will freeze any accounts that it discovers were used to trade Bitcoin.Note: Bitcoin users don't have their Paypals frozen, you have to actually bring Paypal into it and use it for buying or selling bitcoins to have your account frozen.
Edit: Oh, and of course there's the fact that they can just dispute the payment and steal your money back with you having no way of getting your bitcoin back.
If u got polish bank account go to http://bitomat.pl
One of the best ways is likely by using #bitcoin-otc over on Freenode, assuming you have the patience to get a good reputation.
Haven't requested prizes or forecasts, so please, stick to the subject when answering. Thanks.
0.3% yes on mt. gox for the next two weeks once they open trading. I'm just glad I got my $ and BTC back in my possession.
At this rate of difficulty changes the price of bitcoins has to go up. There my be a dip to maybe $10 or $12 but it will rebound strongly soaring past $32.
At this rate of difficulty changes the price of bitcoins has to go up. There my be a dip to maybe $10 or $12 but it will rebound strongly soaring past $32.
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