Topic: How to buy new bitcoin with currency 4/11/13 (can you do it without gox?) - page 2. (Read 4991 times)

Why does it say Bank transfer on there though as a method of payment? I think face to face is only one of many options.

+1 to the overall intent of this thread!!  I agree, being mostly decentralized already on my own (very proud!)  I'm a supporter of bitcoin and the whole concept as it's inline with the way I like to be.
  Trying to get bitcoin from my perspective has been tougher than pulling teeth.  I was brought up being taught that I should never buy something I don't have money for.  Never got into loans ever; e.g I already don't use banks, CC etc.  It does seem odd that I must re-centralize to buy decentralized coin?
   I'll be watching the various avenues you find with interest.  Until I can find an option suitable I'm just trying to get into mining I guess.  It seems my only way, even though it will be much more costly at this point.

Could you elaborate on the actual process of funding your account on Intersango? (so I can update the OP) I have not used that site before.

No, it's more like, you meet someone in person (face to face), hand them cash and they send coins.

Do all transfers on Localbitcoins go through Escrow. Could you tell me abit about the process from the moment I select a person I would like to trade from. i.e how I transfer the funds.

Thank you.

Intersango and BTC-e for me.

I am mining LTC at the moment, and trading them for BTC on BTC-e. Then to my wallet, and finally to Intersango to be sold.

Gox pee'd me off in 2011, so I changed to a local exchange, that being Intersango.

IIRC, Bitcoin-24 can also be funded using Liqpay, which can in turn be funded using MasterCard.

TBH I more trust MtGox than any of those but that's just me.

You only can use the game Second Life as SLL is that game's currency. Yeah, I don't play it either.

I think you can register on Virwox without a character name or you can just make it up, but I'm not sure.

uuhhhhhh wut?

Forgive me, as I am not a gamer, but are you saying that I have to get a video game, create a character (site says I have to link to avatar to join and then confirn as the avatar or some shit like that...), then I can buy bitcoins with a credit card or paypal.....

For realsies? You were not kidding about that being convoluted!!! How in the fuck can I explain that in a concise manner in the OP??



Ok, I got three free video game coupons with my mining rig, will any of these work?

Tomb Raider
BioShock infinte
Dirt Showdown

One advantage of Bitcoin is that transfers are fast and cheap, while transfers in fiat currencies are much slower and/or expensive.

Ironically, that makes it frustrating to try to get into Bitcoin.

Coinbase.com is probably the fastest way.  Unfortunately, they have a system-wide daily limit, so you sometimes have to keep trying over and over for hours to sneak in a trade.  And they severely restrict how many you can buy.

BitInstant seems to be a fast way to get money to Mt.Gox, if you're willing to pay them a 3.99% fee, plus 3.95 to ZipZap, plus the 0.6% Mt.Gox exchange fee.  That's a lot of fees to pay, but when everything goes smoothly, you can have coins in less than an hour.  They also have limits on how much and often you can move money.

On the slow end, Dwolla is extremely inexpensive and seems to be reliable.  It works with multiple exchanges.  However, it takes a week.

It's a convoluted process, but you can indirectly buy BTC with credit cards using Virwox:
https://www.virwox.com/

Basically, the process is deposit USD instantaneously through credit card using Skrill/Moneybookers. Exchange $ for SLL (Second Life Linden dollars). Exchange SLL for BTC. YMMV on what the final USD/BTC exchange rate will turn out to be.

**EDIT 4/21/2013: My credit card company (Citi in this case) charged a foreign transaction fee of around $2.50 for each payment using Skrill/Moneybookers. Seems that although Skrill has a NYC office, they are an international payment processor and as such are subject to the foreign transaction fee by some credit card companies. Citi wouldn't budge on this. I haven't tried instead using PayPal to fund the VirWox account, but that might be an option.**

The only catch is there's a daily and monthly credit card deposit limit in Virwox, but this increases over time.

You can get around the limits by buying SLL at any online retailer who accepts credit cards for SLL. The problem is the only way to transfer SLL to Virwox is through the in-game Virwox ATMs, and this functionality is only available once your character is more than 30 days old (it's free to download and install the game and create a character).
**EDIT again: Even after my character being 30 days old, the Second Life Risk API wouldn't let me deposit SLL into Virwox through the in-game ATMs. I emailed Virwox and they were able to manually put in an exception for me which allows me to deposit up to SLL 5000 per week.**

Told you it was convoluted.

You can try CampBX. They accept USPS money orders. You could overnight or 2nd day one down to them in Atlanta.

But I feel you. It's taken me a month to get stuff set up. I just spammed a bunch of different services (dwolla, different exchanges, verifications, blah, blah...).
It is all slow and expensive. The fiat to BTC link is ridiculous.
Right now I'm doing business on bitfinex. They are in Hong Kong and I'm just doing international wires. The cost sucks (like $30 a pop).
At least the wires are getting there in a day and a half.

once its BTC, tho, its all golden. fast and easy.

Bitinstant back to allowing purchase to wallet

liqpay is not an option right now, or I am a dumbass maybe both...

i have a blockchain.info wallet. it allows me to use bitinstant > mtgox > blockchain wallet. But mtgox and bit instant are down right now. i wouldnt want to use them to buy anyway cause their spot price is $124, while btc-e, bitstamp, and bitmit are $60.
You can always buy coinage on ebay for twice the price of spot.
Btc-e says they accept paypal buy i cant get it to work

This seams reasonable...

I also had another thought... if their (fiat) funds are in gox and they just do a market sell and send to address via the API then gox closing would also kill that option.

I guess OTC or buying local seem like the only really viable options to get btc quick.

If it went to right to Bitcoin Address, then how would know what exchange rate you are getting?  They probably don't want to do this at the moment with the price being so volatile.

it is BULLSHIT. 

I snuck an order in yesterday but definitely didn't get it timed the way I wanted to get the price I wanted because I had to sit at my fucking computer refreshing for over an hour before a miraculous window of opportunity opened up to get some coins.

I am pissed at Bitinstant right now.  Spent a LOT of time researching other ways to fund BTC purchases.  I am not thrilled with the idea of having cash sitting in an account, especially with all the stories of gox and btw-e getting hacked... hence the appeal to BitInstant, especially when prices where going up so fast that it was worth getting fucked on the fees since it was better than waiting a week and getting coins at 2-3x the price.

Now it looks like I need to leave money somewhere. I am thinking btc-e since I like their trading options for litecoin and terra. Fuck Gox. I don't like the forced monopoly that has been created and Bitinstant forcing you to send money to gox as the only option to buy is FUCKING BULLSHIT.


Anyway, I'll stop venting, as I would like this thread to serve as a resource to people looking to buy.

Hit me with info people. Where else can you buy, what are the methods? Maybe this can become a sticky but at least it could be a great resource for people to save them from having to research 15 websites.

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