How to Buy Your First Bitcoin - page 2.

gentlemand

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Welt Am Draht

Quote from: dellboygold on October 15, 2015, 07:22:17 AM

Can buy Bitcoin using Paypal balance? Which site?

Do yourself a favour and send your paypal balance to a real bank account. You'll get far more coins for your money. The most established method is buying Linden dollars with Paypal on virwox.com and then exchanging them for bitcoin but the fees are enormous.

avatar_kiyoshi

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Quote from: dellboygold on October 15, 2015, 07:22:17 AM

Can buy Bitcoin using Paypal balance? Which site?

https://www.virwox.com/ but the fees is make your butt hurt Cheesy

I don't know other trusted site to trade paypal to btc.

dellboygold

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Can buy Bitcoin using Paypal balance? Which site?

Revelation Machine

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Quote from: dothebeats on October 15, 2015, 03:13:23 AM

Quote from: Amph on October 14, 2015, 01:45:33 PM

i don't agree on bitcoin mining being a bad way to earn bitcoin, it depend

if you have free electricity or at least very cheap, you can do it without thinking, you will have a very high chance to roi, without doing the trick of selling your miners after 3 months

with that trick you can actually take big profit and in a short time, if you invest big

The fact is, the difficulty is insanely high and not all of us live in areas where electricity comes cheap. But, if you got plenty of cash in you, go to China, create a farm and see your sweet miners generating good income for you.

If your looking to spend around half a million that would be a good idea.
IMO, waiting for next generation miners is a good plan.

dothebeats

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Quote from: Amph on October 14, 2015, 01:45:33 PM

i don't agree on bitcoin mining being a bad way to earn bitcoin, it depend

if you have free electricity or at least very cheap, you can do it without thinking, you will have a very high chance to roi, without doing the trick of selling your miners after 3 months

with that trick you can actually take big profit and in a short time, if you invest big

The fact is, the difficulty is insanely high and not all of us live in areas where electricity comes cheap. But, if you got plenty of cash in you, go to China, create a farm and see your sweet miners generating good income for you.

Anmol_Verma

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you can buy 1 bitcoin with the method that suits the most and by which you are more comfortable like you can buy online or deal with localbitcoins for offline buying,you can buy also with exchange services like btc-e.com which can accept deposit with bank wire.

rkandrades

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Bitcoin Faucet & Blog

It depends.

Here in Brazil, there is a fantastic site working as a exhange bitcoin/peercoin market.

www.mercadobitcoin.com.br

I'm buying bitcoins from them weekly.

Fully recommended.

gentlemand

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Yes. A lot of those services won't be accessible to other countries. Some countries have better set ups than the US. It's more of a grind to include it for you but there's no clue that it's a US only page when you arrive there.

[email protected]

newbie

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Quote from: gentlemand on October 14, 2015, 05:58:46 PM

Very good overall but it could do with an international rundown too. It's very different from country to country. It might be a giant pain up the arse to include but perhaps it could link to separate pages.

I had given a little though to internationalization you are right on it is VERY US centric - almost to the point of not being useful (or harmful) to other nationalities?

I wonder if I could do some type of switch based on language...

What do you think? I've only ever lived in the US so I'm not sure what expectations (or frustrations) are in other countries visiting US-centric pages.

Feel free to email if that is better for you: [email protected]

Thanks for the thoughts!

--dave

[email protected]

newbie

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Quote from: Possum577 on October 14, 2015, 03:46:49 PM

This is a great guide. Calling out Coinbase as the only online wallet is a bit misleading, no? How do you know it's the wallet that most people want? In fact, most people here would tell you they don't want to use Coinbase for several specific reasons. What about Xapo? What about Circle? [/list]

Hmmm I did want to make one recommendation per Category to make it simple. I definitely didn't intend to mislead people.

Initially I used Circle for day to day purchases, but I went back to Coinbase for some reason (buy limits? habit?)

I haven't used Xapo, but I think I have an account there...

Thanks for the thoughts! I might reword some of the wallet section.

[email protected]

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Quote from: Mickeyb on October 14, 2015, 03:38:43 PM

Hey Dave, welcome and thanks for making this very nice guide! I will bookmark it and share with people who I introduce to Bitcoin and who might ask me the same questions as people have asked you!

Even though there are some things that I wouldn't do as a beginner, I think that these things are OK to slide for the beginners! They will get away with them.

Thanks Mickeyb!

If there is something you want to share privately re: things you wouldn't do as a beginner feel free to email me: [email protected]

Thanks again!

--dave

[email protected]

newbie

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Quote from: Amph on October 14, 2015, 01:45:33 PM

i don't agree on bitcoin mining being a bad way to earn bitcoin, it depend

if you have free electricity or at least very cheap, you can do it without thinking, you will have a very high chance to roi, without doing the trick of selling your miners after 3 months

with that trick you can actually take big profit and in a short time, if you invest big

Yeah those are good points. I might reword what I said.

Thanks!

gentlemand

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Welt Am Draht

Very good overall but it could do with an international rundown too. It's very different from country to country. It might be a giant pain up the arse to include but perhaps it could link to separate pages.

Possum577

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Loose lips sink sigs!

Quote from: [email protected] on October 14, 2015, 12:06:09 PM

One of the questions I get asked all the time is How do I buy my first bitcoin.

I put together a comprehensive guide to buy bitcoin for people who want to buy their first bitcoins.

The step-by-step post covers:

Coinbase - the option most people want.

This is a great guide. Calling out Coinbase as the only online wallet is a bit misleading, no? How do you know it's the wallet that most people want? In fact, most people here would tell you they don't want to use Coinbase for several specific reasons. What about Xapo? What about Circle? [/list]

Mickeyb

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Move On !!!!!!

Quote from: [email protected] on October 14, 2015, 12:06:09 PM

One of the questions I get asked all the time is How do I buy my first bitcoin.

I put together a comprehensive guide to buy bitcoin for people who want to buy their first bitcoins.

The step-by-step post covers:

Coinbase - the option most people want.
LocalBitcoins - if you NEED bitcoins today.
Buying bitcoin with a brokerage account (IRA, 401K, etc.)
BitWage - how to get a portion - or all - of your salary in bitcoin.
Exchanges - for bitcoin traders and experienced investors.
Why Bitcoin Mining is a bad way to get bitcoins.

If you are a beginner looking to buy bitcoin, let me know what you think.

--dave

Hey Dave, welcome and thanks for making this very nice guide! I will bookmark it and share with people who I introduce to Bitcoin and who might ask me the same questions as people have asked you!

Even though there are some things that I wouldn't do as a beginner, I think that these things are OK to slide for the beginners! They will get away with them.

vendetahome

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though i wouldnt still recommend mining bitcoins if you have to buy all your hardware as its pretty risky also a guide seems to be pretty cool

Amph

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i don't agree on bitcoin mining being a bad way to earn bitcoin, it depend

if you have free electricity or at least very cheap, you can do it without thinking, you will have a very high chance to roi, without doing the trick of selling your miners after 3 months

with that trick you can actually take big profit and in a short time, if you invest big

[email protected]

newbie

Activity: 26

Merit: 0

One of the questions I get asked all the time is How do I buy my first bitcoin.

I put together a comprehensive guide to buy bitcoin for people who want to buy their first bitcoins.

The step-by-step post covers:

Coinbase - the option most people want.
LocalBitcoins - if you NEED bitcoins today.
Buying bitcoin with a brokerage account (IRA, 401K, etc.)
BitWage - how to get a portion - or all - of your salary in bitcoin.
Exchanges - for bitcoin traders and experienced investors.
Why Bitcoin Mining is a bad way to get bitcoins.

If you are a beginner looking to buy bitcoin, let me know what you think.

--dave

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