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Topic: Easiest way to convert money into BTC? - page 12. (Read 10882 times)

legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
January 19, 2017, 03:23:47 AM
#54
you can use XAPO credit card or cryptopay.me credit card to buy bitcoin from them . Coinbase still don't support many developing countries also in localbitcoins usually deals for these countries.
You only just posted this same post on the same page here above, not a good start trying to upload your post count, pretty bloody obvious to anyone.
member
Activity: 68
Merit: 10
January 19, 2017, 02:29:23 AM
#53
you can use XAPO credit card or cryptopay.me credit card to buy bitcoin from them . Coinbase still don't support many developing countries also in localbitcoins usually deals for these countries.
sr. member
Activity: 868
Merit: 259
January 19, 2017, 02:10:30 AM
#52
Currently, the easiest way to convert money into bitcoins is through Localbitcoins.
You can use Coinbase also but it will take some of your personal Info.



In our country there is an app that uses to deposit money into your wallet. And via that wallet it can instantly convert it to bitcoin. It can be deposited tru a atm machine Iike in a convenience store . It is just loading like a e-money.

Thats cool. What country are you from and whats the app called? That might be something developers from other countries can copy from and make fiat to BTC conversions easier.

How is the price of BTC in your app? Sometimes they sell BTC at premium prices making you pay a lot more than the real market price.
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
January 18, 2017, 11:42:53 PM
#51
I just use an online wallet exchange (coinjar) to purchase any coins I may need for the following fortnight.

It's an easy way to get coins once you have your account verified but always remember that once those coins clear in your account get them out of there and into an address that you have full control over.
sr. member
Activity: 310
Merit: 250
January 18, 2017, 10:33:09 PM
#50
I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.

This is a long term issue not all have Bitcoin as their primary source of income or not many hold money I have Bitcoins. Bitcoin is popular but not that popular that people start putting their money into it. What you could suggest is that they use a exchange or use this forum and have the exchange done. Or maybe best is face to face if possible, but then again the confirmation takes a long time that always will be the issue. Let's see your sms idea how it works.

Regards the SMS and Call, that would not be possible. This would mean that the BTC would have be stored with a third party person that will handle all trade whenever there is one. Both parties will have to have an account in that platform, which will mean that parties will not really have control over the bitcoins and it will not go through the blockchain.
hero member
Activity: 2646
Merit: 686
January 18, 2017, 10:05:37 PM
#49
I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.

This is a long term issue not all have Bitcoin as their primary source of income or not many hold money I have Bitcoins. Bitcoin is popular but not that popular that people start putting their money into it. What you could suggest is that they use a exchange or use this forum and have the exchange done. Or maybe best is face to face if possible, but then again the confirmation takes a long time that always will be the issue. Let's see your sms idea how it works.
hero member
Activity: 756
Merit: 500
January 18, 2017, 10:00:09 PM
#48
Currently, the easiest way to convert money into bitcoins is through Localbitcoins.
You can use Coinbase also but it will take some of your personal Info.



yes i agree, this is easiest way for everyone. In my country i used bitcoin.id to buy or sell some coin
its much easier to convert btc with your local exchange as it will convert it to your local fiat here in my location we do have certain limits per day as my country have a rules bout money transferring and for me its also much safer.
sr. member
Activity: 462
Merit: 250
January 18, 2017, 09:51:21 PM
#47
Currently, the easiest way to convert money into bitcoins is through Localbitcoins.
You can use Coinbase also but it will take some of your personal Info.



yes i agree, this is easiest way for everyone. In my country i used bitcoin.id to buy or sell some coin
hero member
Activity: 840
Merit: 502
January 18, 2017, 07:35:53 PM
#46
I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.
The easiest way is to use your fiat to buy bitcoin in localbitcoins, and buy the bitcoins in a face to face trade, or you can use cash deposit to buy it, another possibility is to use virwox, or you can buy currencies for games and then use that currency to trade for bitcoin.
I do not think so. Localbitcoin is full of scammers and if you are newbie, you may not know where to start or which members are trustworthy. In my opinion, the best way to buy Bitcoin is to find some one in your country who is willing to sell bitcoin to you and  make a deal with him/her
Have you been scammed in localbitcoins?, because I have done some trades there and everything went fine every time, just choose some vendors with good rating, see the feedback they have received to be positive and recent and buy small amounts from different vendors and you will be fine.
hero member
Activity: 1204
Merit: 531
Metaverse 👾 Cyberweapons
January 18, 2017, 04:14:06 PM
#45
In my country you have the odd Bitcoin vending machine, but they only allow you to convert limited quantities. The biggest obstacle in

mainstream adoption, would be the involvement of the banks. The governments and the banks seem to be working together to place

obstacles {red tape} in Bitcoin's way to slow down adoption. { Examples : BitLicense & KYC/AML regulations }

Yes, I know about these BTC vending machines. Actually, a similar solution would be fine for me. I am looking for a method to transfer fiat to BTC DIRECTLY. Like someone visits one of these vending machines, types in some address, puts in some fiat and receives BTC soon. We had one of them in the town where I am living, but it was closed down.
sr. member
Activity: 363
Merit: 250
BTC will change the world
January 18, 2017, 08:15:16 AM
#44
Personally, I prefer having the ability to exchange BTC <-> Fiat instantly, at any time (especially during big price fluctuations). I see no one recommended E-coin.io (now rebranding to Wirex). It's basically a debit card (both virtual and physical) that is accepted anywhere.

When I need some spare cash, I just open the app and in a couple of mins I have the cash ready. I also like the fact that I can have BTC back at any time. If, let's say, you exchange 0.10 BTC for 100 EUR and BTC price drops to 800EUR/BTC , you can buy BTC back using your card funds. I think the exchange fees are at around 2-3% max and I guess it's worth it for this kind of service. My account is verified though, so be careful with your limits if you don't want to be verified.

Depending on your amount of bitcoin you exchange regularly, I think this may be your best option.
hero member
Activity: 1050
Merit: 529
January 18, 2017, 08:14:14 AM
#43

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.
No this is no way an option, because the fees itself would be outrageous and how much do you think you would be able to buy with phone credits?
hero member
Activity: 1022
Merit: 500
January 18, 2017, 07:52:51 AM
#42
I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.

In my experience by buying bitcoin is from my atm card I bought BTC through coins.ph one of the in my country who accepted bitcoin on which affiliated in different bank outlet I dont know in the other country maybe you can use poloniex exchange or localbitcoin for you to buy bitcoin using credit card. Just correct me if some of the member here I'm wrong with this thought.
hero member
Activity: 1008
Merit: 501
January 18, 2017, 05:30:36 AM
#41
I think every country has a local exchange and I think it is the best method to purchase bitcoin. you can buy the currency of your own country, so no need to first convert it to dollars
member
Activity: 68
Merit: 10
January 18, 2017, 04:39:52 AM
#40
you can use XAPO credit card or cryptopay.me credit card to buy bitcoin from them. You can also use Localbitcoins. Localbitcoins is the fastest and easiest way to buy bitcoins.
sr. member
Activity: 658
Merit: 251
VIMee - Social Network
January 18, 2017, 03:52:21 AM
#39
Actually people from third world country don't have opportunity to buy bitcoin easily from any of the bitcoin trading platform like coinbase. Coinbase still don't support many developing countries also in localbitcoins usually deals for this countries are really expensive to buy from using local bank transfer.

However in european countries and china anyone can buy bitcoin or sell it quickly for profit or just buy and hold for long term with peace in mind. This have created a sense of "bitcoin is actually only made for developed countries, Tier-1 countries".  Angry

Locabitcoins is still the easiest way to convert cash into BTC no matter what you say about how more expensive BTC over there is. The premium you pay is the price of more convenience and ease. It still beats the fees for doing a wire transfer to Bitstamp.

What i came to know there is less risk in localbitcoins because we can directly meet the person in your local area where you want to sell your bitcoin, but compares to exchanges and other forms buying bitcoin here the cost will be slightly higher. But for the person who want to convert from fiat is bitcoin localbitcoins is the best way to convert them.
hero member
Activity: 946
Merit: 500
Bcnex - The Ultimate Blockchain Trading Platform
January 18, 2017, 02:42:57 AM
#38
Currently, the easiest way to convert money into bitcoins is through Localbitcoins.
You can use Coinbase also but it will take some of your personal Info.



In our country there is an app that uses to deposit money into your wallet. And via that wallet it can instantly convert it to bitcoin. It can be deposited tru a atm machine Iike in a convenience store . It is just loading like a e-money.
hero member
Activity: 868
Merit: 503
January 18, 2017, 02:34:24 AM
#37
wire transfer are highly traceable
sr. member
Activity: 868
Merit: 259
January 18, 2017, 02:32:48 AM
#36
Actually people from third world country don't have opportunity to buy bitcoin easily from any of the bitcoin trading platform like coinbase. Coinbase still don't support many developing countries also in localbitcoins usually deals for this countries are really expensive to buy from using local bank transfer.

However in european countries and china anyone can buy bitcoin or sell it quickly for profit or just buy and hold for long term with peace in mind. This have created a sense of "bitcoin is actually only made for developed countries, Tier-1 countries".  Angry

Locabitcoins is still the easiest way to convert cash into BTC no matter what you say about how more expensive BTC over there is. The premium you pay is the price of more convenience and ease. It still beats the fees for doing a wire transfer to Bitstamp.
hero member
Activity: 868
Merit: 503
January 18, 2017, 02:25:12 AM
#35
What are some of the largest retailers who accept bitcoins?

right now, pretty much all of the major stores accept it, so, technically you could simply by a prepaid cc if that is the slow way that you want to go about it.  that puts you on camera and many of the prepaid cards companies are starting to take personal info before set up is complete
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