Topic: Buying bitcoin is a pain. - page 2. (Read 4554 times)
Localbitcoins and coinbase is the best way to buy bitcoins if you are in US.
That is why you mine!
And then make 0.0000001 BTC per day. Dont worry! In only 100 million days you will get a bitcoin!
That is why you mine!
cashintocoins.com is a scam, never trust a stranger with your money
Well if you live in the US it does not seem hard at all but in other parts of the world forget about it.
Localbitcoins.com -- choose that you want to buy in person.. it's a pretty decent setup:
1. you choose to buy in person from someone local. you agree on price/exchange rate and a place to meet
2. localbitcoins.com gives you a secret code
3. person selling you bitcoins transfers bitcoins into localbitcoins.com custody.
4. that person then gets the same secret code you already have. When they can tell you the secret code, you know that the bitcoins are being held by localbitcoins.com.
5. you meet in person. You flash the cash. Seller then releases bitcoins from his phone by confirming he has the cash to localbitcoins.com site.
6. then you're both good.
There are lots of online deals and cash deposits into random accounts etc.. That set up definitely DOES work (cashintocoins.com -- no "www"), but doing it with someone you don't know scares the crap out of me, as you are basically completely trusting them to release your bitcoin.
hope this helps.
i made a cash deposit with cashintocoins last week. i am still waiting on my bitcoin, they email me with different user names say "it will come tomorrow" it been past 1 week now. SCAMMMMMMMMM
Upon "Asking" when Release Time would they resolve with a reply "Tomorrow" next day Sorry you will get it "Tomorrow" SCAMMMMMM
do no trust these guys FAKE REVIEWS SCAMMMMm
Well if you live in the US it does not seem hard at all but in other parts of the world forget about it.
Localbitcoins.com -- choose that you want to buy in person.. it's a pretty decent setup:
1. you choose to buy in person from someone local. you agree on price/exchange rate and a place to meet
2. localbitcoins.com gives you a secret code
3. person selling you bitcoins transfers bitcoins into localbitcoins.com custody.
4. that person then gets the same secret code you already have. When they can tell you the secret code, you know that the bitcoins are being held by localbitcoins.com.
5. you meet in person. You flash the cash. Seller then releases bitcoins from his phone by confirming he has the cash to localbitcoins.com site.
6. then you're both good.
There are lots of online deals and cash deposits into random accounts etc.. That set up definitely DOES work (cashintocoins.com -- no "www"), but doing it with someone you don't know scares the crap out of me, as you are basically completely trusting them to release your bitcoin.
hope this helps.
I believe buying for cash is the simplest and head-ache free method.
But thats just my $0.02.
But thats just my $0.02.
Ya, if you live near each other. I am luck I know a guys two cities over so its fine for me but some people will have to travel pretty far to buy with cash.
yes that is a fact that if buy bitcoin for the cash that will be the most simplest way and the most easiest tension free method of buy bitcoin.
If I want to buy some bitcoin I have to get verified first and link a bank account. It is @#%^ing ridiculous.
If I ever buy bitcoin it will have to be in-person with someone who has them. Selling is the same deal.
Will we ever be able to buy and sell bitcoin easily?
If I ever buy bitcoin it will have to be in-person with someone who has them. Selling is the same deal.
Will we ever be able to buy and sell bitcoin easily?
I understand your frustration, in many countries it is difficult to purchase Bitcoin, it just depends on where you live.
In Canada you can simply walk up to an ATM and buy some Bitcoin with cash. In Australia you can walk into a bank and deposit directly into the exchanges bank account and have your Bitcoin in minutes. As Bitcoin becomes more widespread you will find it easier to obtain.
Seems interesting, at any ATM or just few Bitcoin ATMs ?
This is just at a few select ATMs and only in the province of BC so far I believe.
You could look for a seller on Local Bitcoins who will allow payment with something reversible like credit card funded PayPal for the added peace of mind. Start small and increase the size of your transactions as you build trust with your seller. Even if someone has 100+ positive feedback, it's possible their account may have been hacked, especially if things seem too good to be true (e.g. a price substantially below that on the exchanges). It never hurts to be safe using a reversible payment method and starting with smaller sized transactions until you gain confidence with your seller. Even if you can get your money back by using something reversible, I really don't think it is worth the risk to transact with someone having no or very low feedback.
Localbitcoins might be pain-free if you find reputable seller with many successfull trades. Use the exchanges if you want actually trade
I use VirWoX but it is very limited on how much you can buy and it is extremely annoying to lose money changing around currencies.
If you can buy a gift card an use it anonymously anywhere, denying bitcoin the same treatment can serve only one purpose -- to protect the financial system monopolies, namely the visa and mastercard networks.
There is a post here saying we will soon be able to buy at 7-11s. Hope that is true.
There is a post here saying we will soon be able to buy at 7-11s. Hope that is true.
If I want to buy some bitcoin I have to get verified first and link a bank account. It is @#%^ing ridiculous.
If I ever buy bitcoin it will have to be in-person with someone who has them. Selling is the same deal.
Will we ever be able to buy and sell bitcoin easily?
If I ever buy bitcoin it will have to be in-person with someone who has them. Selling is the same deal.
Will we ever be able to buy and sell bitcoin easily?
I understand your frustration, in many countries it is difficult to purchase Bitcoin, it just depends on where you live.
In Canada you can simply walk up to an ATM and buy some Bitcoin with cash. In Australia you can walk into a bank and deposit directly into the exchanges bank account and have your Bitcoin in minutes. As Bitcoin becomes more widespread you will find it easier to obtain.
Seems interesting, at any ATM or just few Bitcoin ATMs ?
If I want to buy some bitcoin I have to get verified first and link a bank account. It is @#%^ing ridiculous.
If I ever buy bitcoin it will have to be in-person with someone who has them. Selling is the same deal.
Will we ever be able to buy and sell bitcoin easily?
If I ever buy bitcoin it will have to be in-person with someone who has them. Selling is the same deal.
Will we ever be able to buy and sell bitcoin easily?
I understand your frustration, in many countries it is difficult to purchase Bitcoin, it just depends on where you live.
In Canada you can simply walk up to an ATM and buy some Bitcoin with cash. In Australia you can walk into a bank and deposit directly into the exchanges bank account and have your Bitcoin in minutes. As Bitcoin becomes more widespread you will find it easier to obtain.
Coinjar painful to deposit cash at branch. It takes 1 day to update balance and 1 more day to buy bitcoin. Email support 48 hrs. total 2 days, and rate goes up.
If I want to buy some bitcoin I have to get verified first and link a bank account. It is @#%^ing ridiculous.
If I ever buy bitcoin it will have to be in-person with someone who has them. Selling is the same deal.
Will we ever be able to buy and sell bitcoin easily?
If I ever buy bitcoin it will have to be in-person with someone who has them. Selling is the same deal.
Will we ever be able to buy and sell bitcoin easily?
You can buy and sell on the forums easily. People will take bank transfer. Just remember to use a trusted escrow.
Could you give us some addresses?
LocalBitcoins is easiest way to buy Bitcoins, but the price at Exchanges is lower. But Im not confortable with the Exchange verification
Several others have suggested LocalBitcoins.com and I would like to add my +1 to their suggestions.
I have made several BTC purchases from sellers via locabitcoins and each transaction has been completed in less than 2 minutes.
The slowest part was for me to type in my banking security details to my bank website to make the 'faster payment' transfer to the seller. The sellers always released the bitcoins to my localbitcoins account very quickly, within seconds. You can keep in contact with the seller as you proceed through the transaction via the chat window.
Each seller has an 'ebay' style feedback which is clearly visible along with the price that the BTC are being offered at.
For me, it couldn't be quicker or simpler to buy bitcoins using my bank account for funds at LocalBitcoins.com.
I have made several BTC purchases from sellers via locabitcoins and each transaction has been completed in less than 2 minutes.
The slowest part was for me to type in my banking security details to my bank website to make the 'faster payment' transfer to the seller. The sellers always released the bitcoins to my localbitcoins account very quickly, within seconds. You can keep in contact with the seller as you proceed through the transaction via the chat window.
Each seller has an 'ebay' style feedback which is clearly visible along with the price that the BTC are being offered at.
For me, it couldn't be quicker or simpler to buy bitcoins using my bank account for funds at LocalBitcoins.com.
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