Topic: Easiest way to convert money into BTC? - page 6. (Read 10889 times)

Im also using a simple way of converting bitcoin into fiat. Whenever i have bitcoin in my wallet, i just simply request for cash out in my preferred mode of payment and I will go in the remittance center and once i claim my cash out, it is automatic in fiat and no need to request for convertion.

Everyone have their own method to convert BTC to fiat and Fiat to BTC. Now we all have some third party exchanger in all country. In my country we have some exchange in that few people will buy our coins for a high price but the site looks not good and not much recommended. Only one site is good recommended, but they will buy my coins exact price what Google shows. And their selling price is very much high so I will not buy any coins only I will sell my coins.

Hello guys, do you know any virtual card services that accept fiat from third parties. I need the services which can accept id and ub as verification docs but don't require to confirm  phone number for full verification, maybe you can recommend something? Thank you!

Exactly, convenience costs money, especially something as convenient as a bitcoin atm.

I don't have knowledge how other people use and convert bitcoin into fiat currency or fiat currency to bitcoin because I use a simple and troubleless way of converting.

I have a local trader who used to sell me bitcoin in lowest price and use to buy bitcoin from me at a high rate all over my nation, and what about security? Yea its nothing to mention about the security Becuase he does all the task by himself I just pay once and rest back in my life and my wallet get filled up with money.

Easy and anonymous: ATMs. Just bring your money there and buy Bitcoins with it, without having to send any personal information and without having to complete any transactions such as bank wires to get your Bitcoins. I have used them for about 10 times and it is worth it. The only bad thing, which is unnoticeable for small amounts exchanged, is the selling price they offer - the ATM I am going to is offering a +30$ price over Preev's exchange rate. But still worth it even paying $30 for a $920 exchange than putting your personal data anywhere.

Remittance center like Western Union. I think he is living in a country where bitcoin is being accepted with those remittance center that he is saying. Here in my country you can just simply convert your fiat into bitcoin by simply visiting a convenience store. If you are guys familiar with 7/11 store, they are using 7-connect for purchasing bitcoins.

I do not like localbitcoin because it does not strongly support my country. It is hard to make a trade there and I do not trust anyone in localBitcoin. Therefore, if you know some real traders in your local area, contacting them is more better. I like to buy Bitcoin face to face and it also encourage friendship between me and the seller.

i have not familiar with what you mean by "remittance center", can you give a quick definition?

For me it is more easier for me to use localbitcoins for local currencies. We have a wallet that is connected to remittance center and some bank for cash outs. We can only use it here in our country. It is more easier for us to convert our bitcoins in to local currency, We have many ways how to do it. 

Using an anonymous (semi) service could be used such as Localbitcoins or Paxful, but they usually charge high exchange rates, you could also try the currency exchange part of this forums which showcases a lot of trusted members here.

If you're willing to use your ID to verify and everything you could use Coinbase, Kraken, or any of the big bank style exchanges.


Good luck!

i like that option you just described for the app.  i wanted to code a location system into a bitcoin wallet for various reasons. i have coin.space installed on a windows phone and it can find another user via the app and location. 

i thought a neat thing for BTC with the location built into a mobile wallet would be a scavenger hunt.  something like the pokemon craze, but bitcoin wallet based.  go to a certain location and automatically receive some BTC.  would be nice for pushing customers into local businesses

You can buy bitcoins at localbitcoins.com via cash trade in person or cash deposit.They provide escrows and connect  you with sellers.You can also try wall of coins,a peer to peer bitcoin exchange, where you can receive bitcoins within 15 minutes after you cash deposit. The Mycelium bitcoin wallet for android offers a feature called Local Trader.Using it, you can find sellers in your area and meet them in person to buy bitcoins with cash.

i have used lbc on and off for a long time and i have heard some sellers talk about reaching their limit, be it monthly or otherwise.  i have no idea what these limits are or how they change.  other sites are clear about limits based on varied kyc verification levels.  their security is pretty good and the escrow seems flawless, but i can warn about this.  i set up 2fa using a local authenticator program and the PC crashed without me backing up the 2fa codes.  support from lbc regarding this is not good, although it may be the government restricting them.  the only option is to request that 3fa be removed from your account, answer some questions and then wait two weeks.  i was torn between that and working on getting the info from the hard drive. i ended up simply creating a new account and lost all my past feedback scores.

if you use 2fa, you can be cut from many accounts with simple things.  your phone number changing, a PC crash, any number of issues can lock you out of important accounts.  back up pc 2fa software files and i now use an internet phone number(google voice) for things like that in case i lose my phone number for some reason

I too suggest localbitcoins.com as it is one among the licensed service provider globally. Making trade to convert bitcoin bitcoin to fiat using our forum seems good, because you'll gain trust rate depending upon the service provided. Eventually this helps in making a good earning with other services too just because of your trust rate.

i would like to see lbc and paxful expand a little bit on the crypto.  they would gain a lot of people if they would even add the big three, ltc and doge and btc.  the biggest losses in btc trading that i can see, except outright losses is in moving too small of amounts here and there, trying for the best option

It seems localbitcoins is a popular choice and I do agree. aside from local bitcoins you can also buy in trading exchanges and there are plenty of it. Also a local wallet is a good way to exchange or convert to btc like in the case of coins.ph .

every time check both localbitcoins and paxful prior to making another trade elsewhere.  right now, i am using paxful for changing bitcoins to american express serve and the exchange is nearly even money.  I did a small one recently as an example and got $4.01 of serve for $4.18 of BTC.  That does not account for the 0.0005 fee to move the BTC in, but that is nothing.

i wish i knew what was up with these guys and squarepay.  i cannot bring myself to do it, but they often offer 500% for BTC to squarepay.  I do have a squarepay account, but have no idea what their policies are on reversed TX's.  if it was paypal, i would expect a near immediate reverse on a payment with a 500% pop, serve does not allow reversals.  there is either a scam there or they have a shitload of btc that they want to unload.

alos, paxful allows almost anyone to post a trade and use only the built in escrow.  localbitcoins wants a $400 deposit in addition to the amount of the posted ad.  so, if i want to post a paxful ad for $50 BTC to whatever, i only need the $50 in btc in the account, on localbitcoins i would need $450 in the account.  that means a lbc user has a little more to lose scamming, but if you use either site right, you are fine, since both sites hold the funds in escrow until you say to release them.

All of the website that has feature of buying bitcoins using credit cards has a big fee the best thing to convert money into bitcoins is to find a legit seller not in the website because website is a business it has automatically have a fee when you transacting but when you buy in people you will get a discount.

Yes  localbitcoins is the best place to sell and buy your bitcoins.  But I will use local exchanger in my country to sell my bitcoins. They will give you exact price what the Google showing and in sometime the price is higher than that. So find any local exchanger otherwise bitcoin wallets is the best and safe place to convert your money to bitcoins.