Easiest way to convert money into BTC? - page 7.

morantis

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Quote from: Ayers on January 26, 2017, 12:20:50 PM

Quote from: naidray on January 26, 2017, 11:12:46 AM

Quote from: Musent on January 24, 2017, 02:03:25 PM

Either converting money to btc or btc to money I would prefer to do it on localbitcoins as that is the most trusted site with trusted traders and they use escrow services so there is no chance of getting cheated so whenever I have to sell my bitcoins I prefer it to do it on localbitcoins.

It is true that local bitcoins is a great way to sell bitcoin, but in my opinion it is not a good way to buy as the users propose a price that is higher than the current bitcoin value and that is not a good investment, for me I think buying bitcoin directly from bitcoin wallets is at the time safe and you get to buy with the same price as the current price.

Local bitcoin can be a bit troublesome because some agent may hide your identity to see if you have the MTL to sell your bitcoin and arrest you if not, other people may steal your money in real life when you go to meet them after you agree on the transaction on localbitcoin, i prefer to use a simple exchange like kraken that do not ask for ID

they cannot arrest you, it is used as a commodity transfer

Ayers

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Quote from: naidray on January 26, 2017, 11:12:46 AM

Quote from: Musent on January 24, 2017, 02:03:25 PM

Either converting money to btc or btc to money I would prefer to do it on localbitcoins as that is the most trusted site with trusted traders and they use escrow services so there is no chance of getting cheated so whenever I have to sell my bitcoins I prefer it to do it on localbitcoins.

It is true that local bitcoins is a great way to sell bitcoin, but in my opinion it is not a good way to buy as the users propose a price that is higher than the current bitcoin value and that is not a good investment, for me I think buying bitcoin directly from bitcoin wallets is at the time safe and you get to buy with the same price as the current price.

Local bitcoin can be a bit troublesome because some agent may hide your identity to see if you have the MTL to sell your bitcoin and arrest you if not, other people may steal your money in real life when you go to meet them after you agree on the transaction on localbitcoin, i prefer to use a simple exchange like kraken that do not ask for ID

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Quote from: just_Alice on January 26, 2017, 11:42:56 AM

Quote from: bitkilo on January 26, 2017, 05:21:06 AM

Easiest way i can think of to transfer fiat to bitcoin is if you know a friend who already has some and offer to buy some off him, if his a good friend he would probably do the deal for close to market rate.

About the only other options you have are places like localbitcoins and exchages.

I also think that a friend who wants to buy Bitcoin is the best option. Fortunately I know one guy who purchased from me already couple of times. And he's glad about the deal since BTC rised since then. Of course I know it's much trickier to find a person who would buy bigger amounts, mine were around $20 worth of Bitcoin.

Well, this may be a bit similar to what I experienced, but I was in the opposite position. I also always exchange money I have with bitcoin through my friends. Well, I know he always sells bitcoin its price is quite high, but I'm glad if it has a very fast process.

just_Alice

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Quote from: bitkilo on January 26, 2017, 05:21:06 AM

Easiest way i can think of to transfer fiat to bitcoin is if you know a friend who already has some and offer to buy some off him, if his a good friend he would probably do the deal for close to market rate.

About the only other options you have are places like localbitcoins and exchages.

I also think that a friend who wants to buy Bitcoin is the best option. Fortunately I know one guy who purchased from me already couple of times. And he's glad about the deal since BTC rised since then. Of course I know it's much trickier to find a person who would buy bigger amounts, mine were around $20 worth of Bitcoin.

naidray

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Quote from: Musent on January 24, 2017, 02:03:25 PM

Either converting money to btc or btc to money I would prefer to do it on localbitcoins as that is the most trusted site with trusted traders and they use escrow services so there is no chance of getting cheated so whenever I have to sell my bitcoins I prefer it to do it on localbitcoins.

It is true that local bitcoins is a great way to sell bitcoin, but in my opinion it is not a good way to buy as the users propose a price that is higher than the current bitcoin value and that is not a good investment, for me I think buying bitcoin directly from bitcoin wallets is at the time safe and you get to buy with the same price as the current price.

morantis

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Quote from: Daniel91 on January 26, 2017, 09:59:10 AM

Quote from: bryant.coleman on January 26, 2017, 09:47:01 AM

Quote from: ?? on ??

Quote from: bryant.coleman on January 26, 2017, 09:27:29 AM

In my country, there are several Bitcoin ATMs. It is one of the easiest and hassle-free ways to convert fiat to BTC. But I have never used them, as the fees is too high (5% to 7% depending on the brand). I have made all of my Bitcoin purchases through Localbitcoins, making the payment through local bank transfer. The government can track this, and I am a bit worried.

The fees are really too high and that's already a good savings to my bank account but here in my country there is no bitcoin ATM at the moment. But most of my fellow countrymen are using virwox, localbitcoins and coinbase for buying bitcoins. Although most of them are good enough but the fees are really killing me.

Localbitcoins and Coinbase is OK. But VirWox? I remember purchasing Bitcoins through VirWox in 2012. First I had to purchase Second Life Linden Dollars using my credit card, and then use these Linden Dollars to purchase Bitcoins. In the end I paid around 20% premium. That was the first and last time I tried purchasing Bitcoins through VirWox.

I also used Virwox many times but not because I needed to buy Bitcoin.
In fact, I had to exchange some of my BTC funds to Paypal, in order to join some online business.
I didn't find better exchange service btc-pypal from Virwox.
As you know, it's not possible to directly exchange funds between Paypal and your btc wallet.
Their fees?
Yes, high but not 20 %, more between 10-12 % from my experience.

virwox is high, but you are in and out in less than a minute, they may hold any of your transactions though, based on some security issue they have that they will never disclose

Daniel91

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Quote from: bryant.coleman on January 26, 2017, 09:47:01 AM

Quote from: ?? on ??

Quote from: bryant.coleman on January 26, 2017, 09:27:29 AM

In my country, there are several Bitcoin ATMs. It is one of the easiest and hassle-free ways to convert fiat to BTC. But I have never used them, as the fees is too high (5% to 7% depending on the brand). I have made all of my Bitcoin purchases through Localbitcoins, making the payment through local bank transfer. The government can track this, and I am a bit worried.

The fees are really too high and that's already a good savings to my bank account but here in my country there is no bitcoin ATM at the moment. But most of my fellow countrymen are using virwox, localbitcoins and coinbase for buying bitcoins. Although most of them are good enough but the fees are really killing me.

Localbitcoins and Coinbase is OK. But VirWox? I remember purchasing Bitcoins through VirWox in 2012. First I had to purchase Second Life Linden Dollars using my credit card, and then use these Linden Dollars to purchase Bitcoins. In the end I paid around 20% premium. That was the first and last time I tried purchasing Bitcoins through VirWox.

I also used Virwox many times but not because I needed to buy Bitcoin.
In fact, I had to exchange some of my BTC funds to Paypal, in order to join some online business.
I didn't find better exchange service btc-pypal from Virwox.
As you know, it's not possible to directly exchange funds between Paypal and your btc wallet.
Their fees?
Yes, high but not 20 %, more between 10-12 % from my experience.

bryant.coleman

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Quote from: ?? on ??

Quote from: bryant.coleman on January 26, 2017, 09:27:29 AM

In my country, there are several Bitcoin ATMs. It is one of the easiest and hassle-free ways to convert fiat to BTC. But I have never used them, as the fees is too high (5% to 7% depending on the brand). I have made all of my Bitcoin purchases through Localbitcoins, making the payment through local bank transfer. The government can track this, and I am a bit worried.

The fees are really too high and that's already a good savings to my bank account but here in my country there is no bitcoin ATM at the moment. But most of my fellow countrymen are using virwox, localbitcoins and coinbase for buying bitcoins. Although most of them are good enough but the fees are really killing me.

Localbitcoins and Coinbase is OK. But VirWox? I remember purchasing Bitcoins through VirWox in 2012. First I had to purchase Second Life Linden Dollars using my credit card, and then use these Linden Dollars to purchase Bitcoins. In the end I paid around 20% premium. That was the first and last time I tried purchasing Bitcoins through VirWox.

bryant.coleman

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In my country, there are several Bitcoin ATMs. It is one of the easiest and hassle-free ways to convert fiat to BTC. But I have never used them, as the fees is too high (5% to 7% depending on the brand). I have made all of my Bitcoin purchases through Localbitcoins, making the payment through local bank transfer. The government can track this, and I am a bit worried.

PremiumCodeX

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Quote from: morantis on January 20, 2017, 07:27:42 PM

Quote from: PremiumCodeX on January 20, 2017, 04:09:30 PM

Yeah, I am looking for a similar service like BitPay, but in the reverse. I want the client to be able to pay with a fiat payment processor like PayPal and I want to receive it in BTC. So, the exchange in between should happen automatically or semi-automatically and in the anonymous way.

if you are talking about developing this type of thing, the foundation would be using both bitpay, since you chose that already and Paypal will work. use the paypal IPN feature to, or use the url field in your paypal button setup to trigger the API for bitpay

It is a good idea, but doesn't such a service exist already? If yes, what is the service's name? I would not necessarily create a new service when someone put this very good idea into a stable implementation already. Thank you for the advice, though!

Oggy1987

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Localbitcoins, and bitcoin ATM's are easiest. On Bitstamp you can again buy bitcoins with credit card, but if I remember right fee is rather big, I think bank took me $40 for $250 purchase. It's not Bitstamp's fee, its my bank fee. Also I bought with local exchange from my country, payed with bank wire, and took me around $20 for $250 purchase.

coynedterm

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Quote from: morantis on January 25, 2017, 03:49:26 PM

Quote from: EyeRis on January 25, 2017, 03:48:26 PM

i think cryptopay.me is the best , you can buy btc with CC

doesn't work in the usa does it?

You said true . Here instead to go for such sites or exchanges . I will suggest to ho for the direct deal . I mean go for the direct deal P2P to convert your money into bitcoin . I will suggest to visit at localbitcoins.com . Because Herr you will find every way of payment to convert you money into bitcoin . Even you can change your gift card into bitcoin .
Otherwise you can start hard work ( like advertisment for signature campaign ) to get bitcoin and then start your bitcoin buisiness in a perfect way .

bitkilo

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Easiest way i can think of to transfer fiat to bitcoin is if you know a friend who already has some and offer to buy some off him, if his a good friend he would probably do the deal for close to market rate.

About the only other options you have are places like localbitcoins and exchages.

morantis

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Quote from: EyeRis on January 25, 2017, 03:48:26 PM

i think cryptopay.me is the best , you can buy btc with CC

doesn't work in the usa does it?

EyeRis

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i think cryptopay.me is the best , you can buy btc with CC

morantis

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Quote from: Tanic on January 25, 2017, 03:29:23 PM

I faced this problem just today. I didn't used my card for a month and totally forgot my pin code to it. And couldn't find the paper from bank where it should be written. I decided to buy some mBTC and transfer it to my boyfriend to he cash it out through his card. But on the site where I always selling my bitcoins to cash it out on my card, YoBit, I just couldn't manage it anyhow. I am very disappointed now.

this is good, we can keep weeding people like you out and have a nice network soon

Tanic

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I faced this problem just today. I didn't used my card for a month and totally forgot my pin code to it. And couldn't find the paper from bank where it should be written. I decided to buy some mBTC and transfer it to my boyfriend to he cash it out through his card. But on the site where I always selling my bitcoins to cash it out on my card, YoBit, I just couldn't manage it anyhow. I am very disappointed now.

morantis

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Quote from: pearlmen on January 25, 2017, 02:08:05 PM

The most easiest way is to sell to friends who will pay you your money for cash but you might now have to wavesome premium as it is better than losing all because of the way scams are all over the internet space. I have fallen victim before so I know what I'm saying.

you can't put together a coherent sentence. you got scammed because you have no clue what is happening around you

Bitcoinsummoner

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Quote from: bitbunnny on January 25, 2017, 01:43:25 PM

Quote from: xIIImaL on January 25, 2017, 10:00:37 AM

Quote from: MFahad on January 25, 2017, 08:20:43 AM

Quote from: danherbias07 on January 25, 2017, 02:09:38 AM

Website wallets are offering different options now so it is not much of a problem anymore. The real problem is the other way around. As of now I still have one option for converting bitcoin to fiat and I think there is a reason for this. They really want bitcoin to be more used than bringing it back to fiat.

Yes, most online wallets give you the option of transferring your fiat and converting them to bitcoins via credit card. There is no geographical limitation on this. but when you go other way around, bitcoin back to fiat, you have to find the local traders who will convert it in your local currency.

Obviously we have to reach the trader to exchange fiat to bitcoins. Simply to say buying bitcoins from the btc traders. I would suggest you to try with localbitcoins. Where trading is much safer than other site, else you could move to local traders available in your city.

This is my recommendation also, localbitcoins is one of the best ways to buy or sell Bitcoins. I have great experiences because I have trusted local trader there which makes everything much more easier and convenient. You can use your language, your local currency, even arange face to face trading. Good luck!

I think there are ome other ways right now that we can convert our money into bitcoin.. many trusted site in perfect money are accepting western union to send money to convert into bitcoin.. much better to check this https://perfectmoney.is/business-partners.html and look for high trusted score.. and try to look for best exchange site that actually accepting other way to pay that exchange site.. many option there..

pearlmen

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The most easiest way is to sell to friends who will pay you your money for cash but you might now have to wavesome premium as it is better than losing all because of the way scams are all over the internet space. I have fallen victim before so I know what I'm saying.

Topic: Easiest way to convert money into BTC? - page 7. (Read 10882 times)