Easiest way to convert money into BTC? - page 3.

TastyChillySauce00

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Quote from: wpd on February 14, 2017, 09:44:52 AM

Quote from: SONG GEET on January 17, 2017, 11:13:54 AM

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

Have you tried other online methods? I've used Reddit to buy bitcoins directly at 90% price, which is better than anything that I can find for Paypal on localbitcoin or coinbase. You can also buy an Amazon giftcard from a third party source with bitcoin and sell that for bitcoin.

The local communities themselves actually could just make some services to simplify the way of their locals buying and selling bitcoin. But, if there's none until now, why don't you take this opportunity? you can get pretty decent profit from the fees itself and you may have potential of building your own bitcoin company, just my 2 cents but, it could also solve the problem which is currently make bitcoiners in your country struggling.

dearbesz1219

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Quote from: PremiumCodeX on January 17, 2017, 10:46:24 AM

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.

If I am going to base it in my situation here, that would not be a problem for me because in my country we have merchant here who accept bitcoin in different transaction like, shopping online, travel tour local or international, money transfer through remittances outlet nationwide or transferring money through bank account. So whether Bitcoin form bank account or bank account to bitcoin is very easy to use it here. But I don't know in the other country.

D05GTO

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Quote from: iamTom123 on March 28, 2017, 10:59:14 AM

Personally, I have no big problem on this concern since I can easily convert my money (assuming I got one) into Bitcoin and my Bitcoin into the local money I am using. Unfortunately, there are still places on this Earth where people even do not know anything about Bitcoin lest holding one. But hope will slowly change for the better in the coming years.

Things will change in future for sure when more people will be aware about bitcoins and at a moment if I have convert my money into bitcoins then I do it very smoothly from localbitcoins as that is the safest place I see to buy and sell bitcoins.

BlueStackz

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Quote from: iamTom123 on March 28, 2017, 10:59:14 AM

Personally, I have no big problem on this concern since I can easily convert my money (assuming I got one) into Bitcoin and my Bitcoin into the local money I am using. Unfortunately, there are still places on this Earth where people even do not know anything about Bitcoin lest holding one. But hope will slowly change for the better in the coming years.

There are many ways you can convert money into Bitcoin, but it depends on how much money you have and how much you are willing to invest in bitcoin, if you are looking to spend like thousand dollar on it you can always buy it from online wallets, but if you only have couple hundred dollars you can buy from peer to peer exchange sites like local bitcoin, whereyou can buy and sell bitcoin depending on your location and the method of payment that you want.

iamTom123

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Personally, I have no big problem on this concern since I can easily convert my money (assuming I got one) into Bitcoin and my Bitcoin into the local money I am using. Unfortunately, there are still places on this Earth where people even do not know anything about Bitcoin lest holding one. But hope will slowly change for the better in the coming years.

AIGADS

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:)I use localbitcoins, pretty simple and straight forward

paul gatt

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It is weird that you have a problem with this, I assert that it is a very easy thing, any of us can do it in just a few minutes. There are lots of places for you to convert your money into bitcoin and vice versa, it's an easy job, you just need to do some work and BTC will be yours. Right here in my hometown, where little bitcoin is known, there are so many websites that I can do it, everything is so convenient, I'm curious, where do you live? Is that a country where no one knows bitcoin. And bitcoin is a luxury thing.

Lecam

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Here in Philippines are very easy to convert money in bitcoin using online banking, remittances, and also seven eleven those are very easy to add bitcoin. In a minutes you get bitcoin through those one. And through local bitcoin wallet i get bitcoin so easily.

HEQIAOAN

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:)Although I don't have much experience with it the most convenient way would seem to be using localbitcoins. You have cash, they have bitcoin, you meet and exchange. Simple. Easiest way if your money is in a bank? Using an online exchange.

BingoDog

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Localbitcoins could be easiest and the best solution for me. There you can find local seller from your country and make smooth and quick deal. Maybe it could be a little bit more expensive but you will not have many troubles. You can even find someone there for selling face to face.

Dudeperfect

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Quote from: BillyBobZorton on February 14, 2017, 11:06:50 AM

I've found out the best way is to make a friend from localbitcoins that is willing to meet in real life and has always a good supply of cash. That is the way to guarantee that you stay anonymous and dont need to share details. Of course it's annoying having to meet with someone everytime you want to get some damn cash and I hate that but what other options are there anyway?

Agree. When I try to deal on localbitcoins, there are many buyers who give the good exchange rates but unfortunately most of them ask for verified status (which is breach of anonymity, but still they are right at their place) so I usually have to deal with those who have not restricted trades for verified accounts but usually they don’t offer best rates. Now since I am not involved in criminal or illegal activities, I have no issues in verifying my LBTC account but again their automated verification system rejects my documents.

BillyBobZorton

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I've found out the best way is to make a friend from localbitcoins that is willing to meet in real life and has always a good supply of cash. That is the way to guarantee that you stay anonymous and dont need to share details. Of course it's annoying having to meet with someone everytime you want to get some damn cash and I hate that but what other options are there anyway?

GMPoison

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https://www.bitquick.co/ for selling
https://www.coinmama.com/ for buying

I actually saw bitquick and thought it must be a scam because of how easy they claimed the process was. You can sell your coins for market value the same day, and get your money same day. No photo verification, no waiting around, instant and low fee. Buying however is a bit more of a hassle, but that's why I'd recommend coinmama for buying. Again, no verification, no waiting around, buy bitcoin instantly. It will cost you a tad bit more however, but their service is still worth it imo.

terrate

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Quote from: PremiumCodeX on January 17, 2017, 10:46:24 AM

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.

i see coinbase do well. if coinbase support your country, u can direct buy n sell just note that u need to verify your coinbase v your id.

local exchange will be well if u can reach them. as i see more and more exchanger come in.

also in some country they develope bitcoin atm machine. the fee is higher but anytime u can go exchange.

Tyrantt

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Need some spare btc for a new PC

Well in Serbia, it's pretty easy. There's an online exchange office for buying and selling bitcoin with the fee of 7% if you're an unregistered member and 6% for registered and they're payout out fast since it's automatic. Tho, if they weren't there I'd probably be exchanging here on the forum.

wpd

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Quote from: SONG GEET on January 17, 2017, 11:13:54 AM

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

Have you tried other online methods? I've used Reddit to buy bitcoins directly at 90% price, which is better than anything that I can find for Paypal on localbitcoin or coinbase. You can also buy an Amazon giftcard from a third party source with bitcoin and sell that for bitcoin.

Zadicar

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In my country its really easy to convert my bitcoin to our local fiat since we have our own local bitcoin wallet provider on which you could easily convert your bitcoin in just a matter of clicks its either you will choose to be directly put in your bank but expected they are getting fees which you cant expect exact amounts on converting.

deppil

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Quote from: Gembul on February 11, 2017, 02:25:17 AM

Quote from: MissGrey on February 11, 2017, 01:30:20 AM

The best way is localbitcoin of course.. there are plenty ways to exchange money for btc there, and even you can use almost every bank and exchange back to fiat if you need.

Well, localbitcoin could be an alternative place to redeem our bitcoin to fiat. Because we can look for purchasers who come from the same country as us. If not wrong, I once read that there are two people who transact bitcoin directly because derived from the same country, as they met in localbitcoin. Thank you

I have not used local bitcoin, is it we can draw bitcoin directly to a local bank? I usually use the local exchange to withdraw my money. because it is easier and simpler to attract money into local banks

requester

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best way in my country is to just install legit exchange app or website is also enough. We have zeppay that takes our bitcoin pays us with real money throgh bank transfer and also we can but bitcoin in that website and we indian are really lucky for many things. BUti have contact with local trader who takes my bitcoin and pays me in paytm wallet or bank transferr is easy as water.

warwar

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I think by this time there are already some exchange sites that exchanged bitcoins to real money at current price of bitcoins,I believe already that there are many sites online that converts bitcoins to cash.Or you would go find an bitcoin atm in your country to withdraw it fast.Or you can exchange bitcoins to merchants and people that is buying bitcoins using their cash but i mostly see people buying bitcoins at lesser price than its actual price.

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