Topic: cheapest place to buy bitcoin? - page 2. (Read 3603 times)

I am not sure if my suggestion will be a good idea for you or i hope it will be an option to you. If you are not on the haste to start trading immediately then just join signature campaigns and they will pay you bitcoins in return. I see that you are still a newbie then just rank up your account first then study the principles of trading while ranking up.

bitcointalk is cheapest place but you must be smat and avoid scammers

Cash to bitcoin directly, usually on Crypto/Blockchain conferences.

Definitely. Buying it from the local stores is much more convenient and profitable as compared to any other technique. You just need to take care of this thing that from whosesoever you are buying it, be sure that the market price and the rate at which you are buying is exactly the same.

You can buy in exchanges like bittrex and poloniex but for me buying in you local store is the more convenient and cheap. No service charge so you'll get your btc in full. No more no less. Also you can pay them with your local currency. Try to ask your local bitcoin community or your friends where will you find this local stores.

There are several places you can buy bitcoin. In my country there are even local shops where you go to meet exchanger face to face for buying and selling of bitcoin. When it comes to online, my favorite is localbitcoin, but I do have my go to exchanger,  who I sell to directly without having to use sites like localbitcoin and the rest of them. But when talking of the cheapest, localbitcoin is the cheapest.

If there's one. Surely will buy.

For me localbitcoins is the best place to buy bitcoins and even when I have to sell my coins I prefer to do it only on localbitcoins as I am using it since long time and never faced any issue of getting scammed and in that case I am willing to buy even at higher price as I know that my money is safe and not going anywhere.

I think the cheapest place for buy bitcoin are the exchanges, like Poloniex, Kraken, Bittrex ecc
I buy bitcoin at LocalBitcoin, is simple and you can find sellers in your country, and pay with your local metod

Local bitcoins is the best place to buy cheaper bitcoins but if you've got a good deal maybe you can get someone here in forum that's willing to sell his coins for cheaper rates.


I didn't knew about this thing but it's like the same with LBC.

Yeah I recommend this also. In here, its much safer than buying it to anyone.
Neforet, I bought some in convenience store and its hassle free and no service charge.
You can try this for your next purchase.

I do not want to mislead you, but in South Korea I heard that Bitcoin prices are cheap, first you need to contact someone, it is not an easy task. There's a site called Localbitcoins.com, where you can check.

It depends on where you lose the $12. Was it because of the exchange rate or was it because of the miner's fee coinbase now charge when transferring bitcoins out of your account. I believe they charge just about 3.99% for canadian users whenever you convert. That means you were charged a lot by the miner's fee. So that you don't get charged a lot, make it big transactions so that you get the best bang for your buck.

Instead of selling on coinbase, you can find some reputeable members in this forum to trade longer for lowest fee.
Go to Exchanger board,post a thread including commission whatever you wish to give. I hope you will be offered exchanges at best rates.
If you are looking for external exchanger particularly,then localbitcoins is best way to seek and sell to your locals.

12% still sounds a bit high, but basically on Coinbase you get charged a fee for purchasing currency with fiat, and you get charged another transaction fee for sending it to an external account.

Coinbase charges 3.99% with credit / debit transactions, and 1.49% with a USD wallet. Then, when you send it to a wallet, you need to pay a network fee to the miners for processing this transaction -- this is set dynamically and may be higher or lower at the time of the transaction -- https://support.coinbase.com/customer/en/portal/articles/815435-does-coinbase-pay-miner-fees-?b_id=13521

So perhaps you were charged a particularly high network fee for sending your bitcoin.

I would still purchase through exchanges such as Coinbase and Kraken -- you can use Kraken if you have Euros -- localbitcoin charges at a premium to the market price -- someone still needs to pay the transaction fee to send bitcoin from one address to another, although it's possible that you can negotiate so that the seller pays the transaction to send it to your wallet (not sure, never purchased there) -- but generally why would you purchase bitcoin from random strangers rather than on an exchange?? They're selling at $100 - $200 premium to the market price!

Also, since you have Coinbase, you can setup a GDAX account -- GDAX is an exchange and it is free to to send coins between Coinbase and GDAX -- this is not a wallet but in case you would like to trade between the BTC, ETC, LTC, there's no need to pay any transaction fees to send to an exchange.

You can buy in the localbitcoins and sell it to your exchangers so that you will have some profit in it. dont buy in exchanger because the price on it is high. in local bitcoins it is late price so that it is cheap

so i bought 100 cnd from coinbase transfered to paxful, now to localbitcoin and i have 0.01440481 in my account lol wtf and yes i did buy it on my credit card

12%!? Wow that's awful. Maybe if you're buying on a credit card that's normal buy holy crap. Send a bank wire to quadrigacx and their rates are way lower. Coinbase will work too but I think their rates are like 4x quadrigacx. You could always check out foreign exchanges too.

Yes you can deposit $100 worth of bitcoin and start selling that or even less if you want

do you guys know if theres a minimum deposit amount to start selling on localbitcoins, as paxful you must deposit .1 plus the amout you wish to sell, is localbitcoins also the same .1?Can I deposit $100 worth of bit coin and start selling that?