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Topic: I'm sorry for this dumb question but how do I buy bitcoins now? (Read 1635 times)

member
Activity: 108
Merit: 10
newbie
Activity: 27
Merit: 0
Id recommend Bitinstant at this time because its pretty clear that Coinbase is working with the Feds - i.e., all their data is provided to DHS, FBI, CIA, NSA, IRS...

Thats how they secured another round of venture capital - $5M I believe. They bent over for Uncle Sam to keep the doors open.

I'm not happy with bitinstant - they STICK it to you with hidden fees greater than their initial fee by giving you a LOUSY price point on the dollar to bitcoin exchange rate WAY outside the trading range.
full member
Activity: 238
Merit: 100
bitbitcoins.com
did you try direct exchange ? (using escrow service ?)
legendary
Activity: 1310
Merit: 1000
Uh, seriously do we need a guide.. Why do you need mtgox to buy bitcoin?

legendary
Activity: 1176
Merit: 1001
minds.com/Wilikon

+10 for btcquick.com I haven't been there in a while and was surprised by their new website. Great service.
full member
Activity: 229
Merit: 100

virwox is crap you will pay over 30% from their value
hero member
Activity: 671
Merit: 500
Iits pretty clear that Coinbase is working with the Feds - i.e., all their data is provided to DHS, FBI, CIA, NSA, IRS...

Thats how they secured another round of venture capital - $5M I believe. They bent over for Uncle Sam to keep the doors open.

This is bad news indeed.  Can you give us more info on this?
sr. member
Activity: 364
Merit: 250
firstbits 1LoCBS
newbie
Activity: 28
Merit: 0
newbie
Activity: 46
Merit: 0
How about any of the many other exchanges out there? There's more than just MtGox you know.

I can highly recommend Bitstamp, just do an international wire transfer to their bank account, and buy some coins. They're pretty fast (way faster than MtGox anyway) with handling bank transfers.

My bank charges $30 for international wire transfer -- any recommendations on banks with less fee?

That's about right for international wire.  If you have a large balance at the bank or have been a customer for a very long time, some branch managers will waive the fee if you ask.  I've gotten domestic wire and bank cashier's check fees waived by holding a moderate balance in my account.
full member
Activity: 140
Merit: 100
How about any of the many other exchanges out there? There's more than just MtGox you know.

I can highly recommend Bitstamp, just do an international wire transfer to their bank account, and buy some coins. They're pretty fast (way faster than MtGox anyway) with handling bank transfers.

My bank charges $30 for international wire transfer -- any recommendations on banks with less fee?
legendary
Activity: 1050
Merit: 1002
I've used   https://localbitcoins.com/    before.  Just do small transfers if the person doesn't have any positive reviews...  Then work up to larger numbers when you feel comfortable.

TC

https://localbitcoins.com/
keeps growing...

Yeah, I think localbitcoins.com is key. People often say Bitcoin exchanges are the weakest link since they can be targeted to some degree, but person to person transfers will always exist.
legendary
Activity: 1227
Merit: 1000
I've used   https://localbitcoins.com/    before.  Just do small transfers if the person doesn't have any positive reviews...  Then work up to larger numbers when you feel comfortable.

TC

https://localbitcoins.com/
keeps growing...
hero member
Activity: 1036
Merit: 500
Id recommend Bitinstant at this time because its pretty clear that Coinbase is working with the Feds - i.e., all their data is provided to DHS, FBI, CIA, NSA, IRS...

Thats how they secured another round of venture capital - $5M I believe. They bent over for Uncle Sam to keep the doors open.
sr. member
Activity: 288
Merit: 251
How about any of the many other exchanges out there? There's more than just MtGox you know.

I can highly recommend Bitstamp, just do an international wire transfer to their bank account, and buy some coins. They're pretty fast (way faster than MtGox anyway) with handling bank transfers.
full member
Activity: 238
Merit: 100
bitbitcoins.com
member
Activity: 114
Merit: 10
You can't be Serious?!?
I've used   https://localbitcoins.com/    before.  Just do small transfers if the person doesn't have any positive reviews...  Then work up to larger numbers when you feel comfortable.

TC
legendary
Activity: 1400
Merit: 1013
Yes, you have to be a wizard. That's the price of being able to buy Bitcoins now, while they're still inexpensive.
hero member
Activity: 714
Merit: 500
Are ฿itcoins Radioactive?
legendary
Activity: 1218
Merit: 1001
newbie
Activity: 29
Merit: 0
I used to use Bitinstant to mt. Gox and then fun, fun, fun; however now mt gox looks like it's being DDOSd and Bitinstant's options have changed. Virwox? What the hell? Do I have to be a wizard for this? I just want to buy some coin. Can somebody point me in the right direction? I have been buying coin for over a year now with Bitinstant at Wal-Mart, etc with no problems. I assume this has something to do with the government and I'm really pissed!!!

thanks very much
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