Easiest way to convert money into BTC? - page 8.

bitbunnny

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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!

morantis

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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.

anyone that cannot reach a local trader should get off the internet and put that money towards moving to a real city

xIIImaL

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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.

Harlot

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Quote from: calkob on January 17, 2017, 04:33:34 PM

The problem is that currently most exchanges have to get information on their customer for money laundering reason or face going to jail, its that simple. i agree currently it is not that easy to get fiat into BTC but hopefully in the future it will get better, but i cant see it ever being anonymous .

It is the opposite my fellow member. Bitcoin is valued what it is right now due to demand, I doubt that no one will accept your Fiat currency in exchange for their Bitcoin. Also have you look up at your Local Wallet? They offer pretty neat ways on how to convert your Fiat into Bitcoin without following or updating your said information it is like buying candy from a convenience store.

mrjoy15

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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.

Of course,nowadays it is so easy to convert your fiat money to Bitcoins.Obviously there such of online wallet could be the best choice.You may use coinbase,Xapo,paxful etc just go any of them that you have interested more and purchase you bitcoin instead of your local money.Though there have multiple option for converting bitcoin to fiat and I think choose your right one which you feel good.

FasTroy

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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.

Yes, i agree with you.
You can convert money into BTC, there is a lot of online wallet which there is the option of transferring your fiat and converting them to bitcoins via credit card or maybe bank transfer like neteller.
With Xapo wallet you can doing that without any problems, And if you want to convert bitcoin to fiat ( EUR, USD etc...)
- Neteller have this option of deposit with bitcoin and getting fiat.
- You can find local traders to doing this convert for exemple in LocalBitcoins.com

Paxful_Marketing

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You can always get a bitcoin debit card or use services we ourselves offer as well:

https://paxful.com/

There are also bitcoin ATM's if you want to do it in person. The best way IMO is to find someone and trade with them. That way you can learn as well.

MFahad

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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.

Xester

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Quote from: bettercrypto on January 25, 2017, 02:11:35 AM

Quote from: daringdiscovered on January 25, 2017, 01:52:05 AM

For me if i need my bitcoin to convert into cash quickly i just trade peer-to-peer from a friend i know that exchanges money to bitcoin. I will pay him my bitcoin and send me immediately a cash through some remittance or to my credit card. I pay him with the fees included he ask. It's faster for me than transferring it to banks or cashout through remittance which takes 4 hours or more because you need some verification codes to ensure that you are cashing out.

It seems we are lucky here in our country since an exchange works the same like these except they charge 3.5% for the transaction. We have an option to convert and cashout thru bank or remittance. Though it take some time for some option before we receive the money.

Countries like that who can easily purchase bitcoin and can easily convert it to fiat currency are really great. Im from the Philippines and I am thankful to have an escrow services that gives us the comfort of accessing bitcoin instantly. We just need to click cash-out and then we select as to where we will send our money in exchange for the bitcoin.

jeraldskie11

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I have no problem about converting money into bitcoin. You need to sign up on the online wallets only. Just like what I'm doing when I am starting bitcoin. Then after that, even you haven't verify it yet you can buy bitcoin for money or vise-versa. Then you can do what you.want on it, trading , investing or storing.

PolyPanto

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Quote from: The_Dark_Knight on January 24, 2017, 09:28:35 PM

Maybe you could try coinizy it is a virtual credit card you can get for cheap, they have a thread in the forum in the digital goods section and you can receive a vouch for a free vcc if you qualify maybe you can try it and see if you like it.

Quote from: morantis on January 24, 2017, 11:34:51 PM

just remember that restricts your uses to online purchases, unless you use that card to load a different account

Hi, thank you guys for advice and comments, appreciated. At the end I decided to open a new topic where described situation and got feedback from different members, and it was much more efficient in collection of information.

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Quote from: daringdiscovered on January 25, 2017, 01:52:05 AM

For me if i need my bitcoin to convert into cash quickly i just trade peer-to-peer from a friend i know that exchanges money to bitcoin. I will pay him my bitcoin and send me immediately a cash through some remittance or to my credit card. I pay him with the fees included he ask. It's faster for me than transferring it to banks or cashout through remittance which takes 4 hours or more because you need some verification codes to ensure that you are cashing out.

That is really nice. At least you still have a trustful friend who has Bitcoin and provides them to you. I still wonder where he get those Bitcoin. Does he use any exchanger or what? In my country, it is very hard to convert FIAT into Bitcoin due to the fact that there are not many people using Bitcoin. Therefore, I have to by paypal and use it to buy Bitcoin from online sellers.

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Quote from: Digitalbitcoin on January 25, 2017, 01:23:51 AM

I think, Exchanger with fiat currency is a right and easiest way ever to convert money into bitcoin.

Many countries have fiat currency exchanger which allows user to buy or sell bitcoin with exact current market rate by trading.
Its quite secure process as most of bank which are connected to exchanger for deposit and withdrawal of fiat currency always keep KYC of user before making any transaction.

Except this there are other ways to such as Btc2Bid or Localbitcoin. But I prefer Local Exchanger.

Thats right mate the currency exchangers that available with your country would be the easy options since in evry countries we have our own btc to fiat exchange service correct me if im wrong or i can say most of the countries have this exchange service. Its easy the only problem or disadvantage is its also much cheaper when converting it using the exchange.

bettercrypto

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Quote from: daringdiscovered on January 25, 2017, 01:52:05 AM

For me if i need my bitcoin to convert into cash quickly i just trade peer-to-peer from a friend i know that exchanges money to bitcoin. I will pay him my bitcoin and send me immediately a cash through some remittance or to my credit card. I pay him with the fees included he ask. It's faster for me than transferring it to banks or cashout through remittance which takes 4 hours or more because you need some verification codes to ensure that you are cashing out.

It seems we are lucky here in our country since an exchange works the same like these except they charge 3.5% for the transaction. We have an option to convert and cashout thru bank or remittance. Though it take some time for some option before we receive the money.

danherbias07

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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.

bitcoinmasterlord

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Quote from: Digitalbitcoin on January 25, 2017, 01:23:51 AM

I think, Exchanger with fiat currency is a right and easiest way ever to convert money into bitcoin.

Many countries have fiat currency exchanger which allows user to buy or sell bitcoin with exact current market rate by trading.
Its quite secure process as most of bank which are connected to exchanger for deposit and withdrawal of fiat currency always keep KYC of user before making any transaction.

Except this, there are other ways to such as Btc2Bid or Localbitcoin. But I prefer Local Exchanger.

I will also prefer a local exchanger, and their charges are low compared to another exchanger. And we can easily make a trade with our local currency. The buying charge is a bit high to compare online price, but the selling price is almost same. If you want to convert your BTC to fiat better use locale exchangers. I will not buy coins from fiat currency I just sell my coins, to convert fiat. So this local exchanger is good for me.

daringdiscovered

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For me if i need my bitcoin to convert into cash quickly i just trade peer-to-peer from a friend i know that exchanges money to bitcoin. I will pay him my bitcoin and send me immediately a cash through some remittance or to my credit card. I pay him with the fees included he ask. It's faster for me than transferring it to banks or cashout through remittance which takes 4 hours or more because you need some verification codes to ensure that you are cashing out.

Digitalbitcoin

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I think, Exchanger with fiat currency is a right and easiest way ever to convert money into bitcoin.

Many countries have fiat currency exchanger which allows user to buy or sell bitcoin with exact current market rate by trading.
Its quite secure process as most of bank which are connected to exchanger for deposit and withdrawal of fiat currency always keep KYC of user before making any transaction.

Except this there are other ways to such as Btc2Bid or Localbitcoin. But I prefer Local Exchanger.

morantis

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Quote from: The_Dark_Knight on January 24, 2017, 09:28:35 PM

Quote from: PolyPanto on January 24, 2017, 06:16:24 AM

Quote from: KennyR on January 23, 2017, 10:07:25 PM

Quote from: target on January 22, 2017, 10:35:00 AM

The easiest so far would be localbitcoins but price is something you have to deal with, they offer much higher price than online. You will find it a better option to have paypal funds and buy btc online from the services or from reputable users here in bitcointalk. There are a lot of these users actually and are willing to accept paypal for a price but not as high as those form localbitcoins.

If you have a card, try jsut registering on exchange that accepts buying btc. Kraken.com and bitfinex I think are just the few.

I'm not sure that, which is the card described in the above quote. Bitcoin ATM cards are good to access if you've bitcoin ATM's around your locality. Dispensing cash from ATM costs you with a increased fee compared to conversion through trading service providers.

Hi, I wrote earlier in this thread, but didn't get a reply. I'm looking for the debit card which members used and can recommend, I would like to find VISA/Mastercard without verification and it should be virtual for transactions in internet, preferably I would like to have a card which is linked to a reliable exchange (where no verification is needed), maybe you can recommend something?

Maybe you could try coinizy it is a virtual credit card you can get for cheap, they have a thread in the forum in the digital goods section and you can receive a vouch for a free vcc if you qualify maybe you can try it and see if you like it.

just remember that restricts your uses to online purchases, unless you use that card to load a different account

The_Dark_Knight

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Quote from: PolyPanto on January 24, 2017, 06:16:24 AM

Quote from: KennyR on January 23, 2017, 10:07:25 PM

Quote from: target on January 22, 2017, 10:35:00 AM

The easiest so far would be localbitcoins but price is something you have to deal with, they offer much higher price than online. You will find it a better option to have paypal funds and buy btc online from the services or from reputable users here in bitcointalk. There are a lot of these users actually and are willing to accept paypal for a price but not as high as those form localbitcoins.

If you have a card, try jsut registering on exchange that accepts buying btc. Kraken.com and bitfinex I think are just the few.

I'm not sure that, which is the card described in the above quote. Bitcoin ATM cards are good to access if you've bitcoin ATM's around your locality. Dispensing cash from ATM costs you with a increased fee compared to conversion through trading service providers.

Hi, I wrote earlier in this thread, but didn't get a reply. I'm looking for the debit card which members used and can recommend, I would like to find VISA/Mastercard without verification and it should be virtual for transactions in internet, preferably I would like to have a card which is linked to a reliable exchange (where no verification is needed), maybe you can recommend something?

Maybe you could try coinizy it is a virtual credit card you can get for cheap, they have a thread in the forum in the digital goods section and you can receive a vouch for a free vcc if you qualify maybe you can try it and see if you like it.

Topic: Easiest way to convert money into BTC? - page 8. (Read 10882 times)