Author

Topic: Not new to bitcoin. New to buying it though (Read 760 times)

hero member
Activity: 1372
Merit: 783
better everyday ♥
December 23, 2014, 08:12:59 PM
#8
If you're based in the US, you have 3 options.

Coinbase:

https://www.coinbase.com/

Link your Bank and Credit Card for instant purchases.  You'll have to get to Level 2 before you can instant buy at certain amounts.  Takes a few days to get verified for bank.

Circle:

https://www.circle.com/en

Similar to Coinbase, use either Bank or Credit Card, no fees, doesn't have the level system Coinbase has.

LocalBitcoins:

https://localbitcoins.com/

Don't have to get verified, but buying Bitcoins here is usually at a premium or markup price.  Have to find trusted sellers with lots of history.  Can be done by variety of methods: Bank deposit, Paypal, Western Union, Dwolla, Moneypak, Venmo, Amazon Gift Card, or the recommended way in person in cash.
full member
Activity: 210
Merit: 100
December 23, 2014, 08:06:46 PM
#7
coinbase is your best bet,they are "insured". I sure hope they aren't lying to me,the majority of my coin are located there.
hero member
Activity: 854
Merit: 1000
December 23, 2014, 07:55:59 PM
#6
it depends on where you are from
but if you are from US you should use circle or coinbase to buy
legendary
Activity: 1258
Merit: 1027
December 23, 2014, 07:26:05 PM
#5
Question. When i buy it through blockchain, is it an instantaneous transfer,  i can convert it back to usd at will? Is there a wait time?

How does one "buy it through blockchain"?

You don't, the block chain is bitcoin's ledger.

blockchain.info is a wallet service that does not sell bitcoin.

There are plenty of places to buy bitcoins...
legendary
Activity: 2702
Merit: 1072
December 23, 2014, 07:16:27 PM
#4
Question. When i buy it through blockchain, is it an instantaneous transfer,  i can convert it back to usd at will? Is there a wait time?

How does one "buy it through blockchain"?
legendary
Activity: 3626
Merit: 4440
December 23, 2014, 04:00:04 PM
#3
most people buy from a currency exchange. i think youre confused here
hero member
Activity: 644
Merit: 500
My goal is becaming a billionaire.
December 23, 2014, 01:45:36 PM
#2
Question. When i buy it through blockchain, is it an instantaneous transfer,  i can convert it back to usd at will? Is there a wait time?

I don't think a lot of people use the blockchain to buy. at least I never did
I would recommend you to use the Currency exchange section & search the rates you want to trade with other members with the payment that you want (Paypal,Netteler etc..) or there is localbitcoins.com , pretty famous & trusted
member
Activity: 62
Merit: 10
December 23, 2014, 01:41:14 PM
#1
Question. When i buy it through blockchain, is it an instantaneous transfer,  i can convert it back to usd at will? Is there a wait time?
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