Topic: Easiest way to convert money into BTC? - page 9. (Read 10882 times)

what information are you basing the "most trusted" part of your statement on?  i am not disputing this, simply asking that you back the statement up with facts, where did you get the facts that you made the statement on?

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.

irl exchanges through local communities works best for me, you should give it a try

I have never faced any issues with Localbitcoins, at least while dealing with buyers and sellers with good reputation. Once I had some trouble with some newbie, but the Localbitcoins admin cancelled the trade and reimbursed my coins. And once again, I would disagree with you on the fees. Now the markup is as low as 1% or 2% in Localbitcoins.

Localbitcoins are hit or miss, you can find a good deal or you will end up with some jerk as your trading partner, deal with it only if you have strong backbone.
Not to mention trading fees are often very high, just because you are selling/buying bitcoins in pseudo anonymous environment. Bitcoin ATMs are still a rarity, I never seen it in my city.

It seems to me that the easiest way when I want to convert fiat to bitcoin is using localbitcoins because there is no need to deal with banks or give any information about my identity. Moreover the process is fast enough and there is escrow service in case of any dispute between buyer and seller. Besides that, I can use an ATM machine but fees are very high; so I use it only if I am in a hurry and I have not time to use the localbitcoins.

Make sure you know how much a bitcoin is worth, because the price tends to fluctuate. Use a trading website which is used as a source of bitcoin interchange. However, there are trading website you can find on the web.If you do not see an offer that jumps out at you, you can create an advertisement for your bitcoins.Choose a payment method that you are comfortable with. Some of the common options are Paypal or a cash deposit.Set the terms of the transaction. This can include items like what hours a potential buyer can contact you and in what way, or to inform potential buyers of security precautions you would like to take, such as requiring an ID.Load the bitcoins that you would like to sell to the website's wallet. You will need to send your bitcoins to your account on the website that you are using to trade. If you don't have bitcoins in that wallet, you will not be able to sell any.Reply to potential buyers. Buyers will contact you and you will receive a notification from the website. When you reply, tell them which method you would like them to use to pay.Confirm the payment. When a buyer marks a payment as complete, the amount of bitcoins they want to buy will be placed in escrow. This reserves the bitcoins for the buyer, and the deal can no longer be canceled. Once you have received the payment, you can release the bitcoins.

I think I know easier way than the way you mention. we can convert our bitcoin into fiat by selling those bitcoins in a local online exchanger like vip.bitcoin. so the money will be transferred into your friend's account. rather than sending messages to bank.

if in your country have a local website that accepting money and can help people to converted their money into btc, then its a good option for you and you can try to use them to withdraw your bitcoin. but the best option is if you can find your friends that could be a seller then you can directly converts money into btc with your friend.

If you live in my country, change fiat into BTC is easy and fast. Because here existing local exchangers that accept the currency of this country and can directly trade with BTC. And also provided some altcoin such as ETH and DOGE. But I also still use yobit to invest in other altcoin, because there are a lot of choices.
So essentially depends on what currency you use, if you have a currency exchanger local it will be easier to convert fiat into BTC. Thank you.

This is an easy thing, we went to the exchanger as yobit, poloniex and forth for bitcoin conversion. Wallet sites like xapo or Coinbase also provide this feature.

If you are in india or philippines you have this option that you can go to convenience store to deposit your money and convert into bitcoin but for other country i think they are still dont have this option to convert their money instead they will choose their credit card to connect online to buy bitcoins.. like in coinbase but coinbase right now is not a good place to buy bitcoins because many people are experience many problem and i think they are turning into  scam..

Some convenience store have this option already as long as they connected to one website wallet. I think it will depend on the wallet sites, if they will open up new options specially those who are easier to access by people. This have been a hard thing also from the past considering there are limited options to pick and you will need to exchange it to different sites before it could end up being bitcoin.

Can use Exchange websites that help in the conversion of bitcoin to fiat. Finding the legit website is most important at the beginning. Different countries have different exchanges that're popular among the people.

Yes you need to investigate if the seller or buyer is trusted or not if not meetups and you can find here in the forum many people looking for exchanging btc to real money because of emergency or other reasons or in rush.

Well, I found this but I would like to understand if anyone really used it and to get some feedback, so many website who suggest wallets and cards nowadays, and the quantity of scam shit is so high, so would like to understand whether I can use it or not.

I don't think there are virtual credit cards that can provide you without verification. Even my Local Wallet's virtual credit card needs a separate verification process. On the other hand the reason why is it more expensive in buying Bitcoin compared to its worth because that is how Local Bitcoin owners profit from their Bitcoin. When you see FOREX the Buy side is much higher than the sell side.

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?

The fee is expected to increase, but as long as it is justifiable then for sure many will use it for convenience. I have not seen one in my country or specifically in my location, I would love to experiencing cashing out in ATM in the future. I believe it will happen as the more the adoption increases, the more they will be attracted to build an ATM for us.

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.