Preferred method of buying Bitcoin??

chaosknight

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Quote from: wintermeasures on October 21, 2016, 05:41:47 AM

Quote from: ssnova on June 10, 2016, 11:25:52 AM

I've been trying to read about "safe" "secure" and "mainstream" (lots of people use it, proves it works) ways of buying bitcoin.

What's your opinion Coinbase? I mention this because I've heard lots of horror stories pop up, even recently regarding hiccups and accounts being wrongfully charged or wrongfully closed, enough for me to think twice.

What do most of you all use? There's also https://localbitcoins.com but I rather not deal in such ways.

I don't know, any how, what methods do you guys use that you consider reliable? safe? That you've found relatively "dependable" so to speak?

I've been wanting to mine for years, but waited too long, and then boom! Now bitcoin has taken off to extreme levels, and we're on the brink of the halving.. thus I at least rather have some then none by now.

Thanks in advance!

According to me the Safest Way of Buying Bitcoin is You can Buy Bitcoins From a Trusted Exchanger as You Said Above Localbitcoins.com Or You can Buy Bitcoins Personally From a Bitcoin Seller...
From the Above Ways I Suggest You to Buy Bitcoins From a Person Because it is Much Safer.....

But I think localbitcoins is much better and safe place to buy and sell bitcoins as they also have an escrow service so the transaction goes risk free and your money is transferred to your bank account in quick time.

eternalgloom

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I personally prefer Kraken to buy Bitcoins, they have pretty low fees and I can usually wait for a bit to receive them.
If I'm in a hurry, I usually buy them through Bitonic.nl instantly, but for higher fees.

wintermeasures

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Quote from: ssnova on June 10, 2016, 11:25:52 AM

I've been trying to read about "safe" "secure" and "mainstream" (lots of people use it, proves it works) ways of buying bitcoin.

What's your opinion Coinbase? I mention this because I've heard lots of horror stories pop up, even recently regarding hiccups and accounts being wrongfully charged or wrongfully closed, enough for me to think twice.

What do most of you all use? There's also https://localbitcoins.com but I rather not deal in such ways.

I don't know, any how, what methods do you guys use that you consider reliable? safe? That you've found relatively "dependable" so to speak?

I've been wanting to mine for years, but waited too long, and then boom! Now bitcoin has taken off to extreme levels, and we're on the brink of the halving.. thus I at least rather have some then none by now.

Thanks in advance!

According to me the Safest Way of Buying Bitcoin is You can Buy Bitcoins From a Trusted Exchanger as You Said Above Localbitcoins.com Or You can Buy Bitcoins Personally From a Bitcoin Seller...
From the Above Ways I Suggest You to Buy Bitcoins From a Person Because it is Much Safer.....

siagelo

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i have my local site that sell bitcoins or when i want it instantly , that site already have some partner which i think they are safe and i never get problem to buy some bitcoins

crossabdd

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Quote from: whaSasd on September 17, 2016, 06:55:27 PM

Coinbase seems to be the best. Well once you get through the initial verification stage. Limits are a bitch though, gotta let your account age before you can buy a whole lot.

im nver use coinbase because coinbase exchanger not avaible in my country.
Im use localbitcoin and bit-X, it's trusted service too.

densuj

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I used deposit on the market for buying bitcoin, actually it is more safe,fast method for me, than buy and sell bitcoins used method payment processors (reversible services) and it is dangerous without escrow.

JeffBrad12

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Quote from: davis196 on September 17, 2016, 08:48:24 AM

Quote from: ssnova on June 10, 2016, 11:25:52 AM

I've been trying to read about "safe" "secure" and "mainstream" (lots of people use it, proves it works) ways of buying bitcoin.

What's your opinion Coinbase? I mention this because I've heard lots of horror stories pop up, even recently regarding hiccups and accounts being wrongfully charged or wrongfully closed, enough for me to think twice.

What do most of you all use? There's also https://localbitcoins.com but I rather not deal in such ways.

I don't know, any how, what methods do you guys use that you consider reliable? safe? That you've found relatively "dependable" so to speak?

I've been wanting to mine for years, but waited too long, and then boom! Now bitcoin has taken off to extreme levels, and we're on the brink of the halving.. thus I at least rather have some then none by now.

Thanks in advance!

Buying bitcoins is still risky and expensive and this is a major problem.

You can add purse.io to your list.There you can get bitcoins without ID verification.

Coinbase is a decent option,but they ban accounts used for gambling. Sad

What can make buying bitcoin is risky in this time? What can make buying bitcoin is so expensive in this time? if you're wanna using some of your efforts I think you can moving your bitcoin into the another wallet. and you can doing a gambling for anytime you want it.

wxa7115

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Quote from: clickerz on September 17, 2016, 05:48:01 AM

Quote from: TheUltraElite on September 15, 2016, 03:04:14 AM

I really dont like to give my KYC to some unknown company for just buying some bitcoin. The idea had put me off in the first place. Hence I prefer to buy from my local marketplace where I can get good deals for trading both fiat and bitcoin and also altcoins.

Me too, sometimes I am not comfortable giving my details to some people. I would prefer to buy or set a buying price in an exchange. Since I am also in trading, I can buy anytime from exchanges and its convenient for because my money is already on exchanges wallet.

You are on your right to do what you want but in my opinion you are changing a problem for another, the exchanges have proven again and again that are not safe, is possible that a hacker already has the info of a lot of the customers of some of the exchanges that have been hacked

This is why I prefer face to face deals, but obviously these kinds of meetings carry their own problems as well, so we must do whatever we feel more comfortable with

whaSasd

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Coinbase seems to be the best. Well once you get through the initial verification stage. Limits are a bitch though, gotta let your account age before you can buy a whole lot.

dollarneed

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i used localbitcoin and also our local exchanger for trading bitcoin, the different between them is on fee, i prefer to used localbitcoin than exchanger due to the seller that i found on localbitcoin has small fee's than exchanger has, fast service and trusted. Never had experienced with the coinbase before btw.

0day

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I have not any account at localbitcoins but still it is better as one of my friend is using it and according to him it work much better, But I often buy bitcoins from poloniex and bitstamp etc as I have experience at there and feeling convenience at there.

Altynbekova

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Quote from: davis196 on September 17, 2016, 08:48:24 AM

Quote from: ssnova on June 10, 2016, 11:25:52 AM

I've been trying to read about "safe" "secure" and "mainstream" (lots of people use it, proves it works) ways of buying bitcoin.

What's your opinion Coinbase? I mention this because I've heard lots of horror stories pop up, even recently regarding hiccups and accounts being wrongfully charged or wrongfully closed, enough for me to think twice.

What do most of you all use? There's also https://localbitcoins.com but I rather not deal in such ways.

I don't know, any how, what methods do you guys use that you consider reliable? safe? That you've found relatively "dependable" so to speak?

I've been wanting to mine for years, but waited too long, and then boom! Now bitcoin has taken off to extreme levels, and we're on the brink of the halving.. thus I at least rather have some then none by now.

Thanks in advance!

Buying bitcoins is still risky and expensive and this is a major problem.

You can add purse.io to your list.There you can get bitcoins without ID verification.

Coinbase is a decent option,but they ban accounts used for gambling. Sad

I am not sure if I understand you. How is buying bitcoins risky. There are plenty of reputable exchanges where you can deposit money and buy bitcoins.
Just make sure to withdraw your coins to your hardcore wallet.

davis196

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Quote from: ssnova on June 10, 2016, 11:25:52 AM

I've been trying to read about "safe" "secure" and "mainstream" (lots of people use it, proves it works) ways of buying bitcoin.

What's your opinion Coinbase? I mention this because I've heard lots of horror stories pop up, even recently regarding hiccups and accounts being wrongfully charged or wrongfully closed, enough for me to think twice.

What do most of you all use? There's also https://localbitcoins.com but I rather not deal in such ways.

I don't know, any how, what methods do you guys use that you consider reliable? safe? That you've found relatively "dependable" so to speak?

I've been wanting to mine for years, but waited too long, and then boom! Now bitcoin has taken off to extreme levels, and we're on the brink of the halving.. thus I at least rather have some then none by now.

Thanks in advance!

Buying bitcoins is still risky and expensive and this is a major problem.

You can add purse.io to your list.There you can get bitcoins without ID verification.

Coinbase is a decent option,but they ban accounts used for gambling. Sad

clickerz

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Quote from: TheUltraElite on September 15, 2016, 03:04:14 AM

I really dont like to give my KYC to some unknown company for just buying some bitcoin. The idea had put me off in the first place. Hence I prefer to buy from my local marketplace where I can get good deals for trading both fiat and bitcoin and also altcoins.

Me too, sometimes I am not comfortable giving my details to some people. I would prefer to buy or set a buying price in an exchange. Since I am also in trading, I can buy anytime from exchanges and its convenient for because my money is already on exchanges wallet.

Xenophoto

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I prefer meeting up with someone when buying Bitcoins. The reason is so that he can't scam me since we will be in a public place and if he does anything, I can easily call the guards and catch him. Online, there are some people who can send first but they require that you give them your identity card. Nowadays, your uploaded IDs can be used by some anonymous person to scam other people. Thus, I don't upload my IDs, if he doesn't want to send first without my IDs, then I'll just do meetups.

Supercrypt

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Xapo remains as the preferred method for me till now for buying bitcoins. In recent times they are adding the feature of having buying price in our local currency. From the beginning days itself they are having the option to buy with credit/debit cards that must be one of the reason I'm still sticking with them.

Fatanut

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I prefer buying Bitcoins to other people personally not to some website that asks information about your credit card. What if they decide to hack into your card, you can't assure that that will never happen. I have friends on Facebook to whom I can buy some Bitcoins whenever I want to. They all have plenty of Bitcoins so it'll be no problem if I buy a lot. They sell Bitcoins into load or you can send fiat via cash remittance. Meetups is also possible.

TheUltraElite

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So anyway, I applied as a merit source :)

I really dont like to give my KYC to some unknown company for just buying some bitcoin. The idea had put me off in the first place. Hence I prefer to buy from my local marketplace where I can get good deals for trading both fiat and bitcoin and also altcoins.

mirakal

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I don't really wanna hide my identity in buying bitcoins because it is required here in our country that once you buy you need to give your full information using my method, I just order in our local exchange and then pay the amount due in their partner business and in less than an hour I have my bitcoins in my account.

phreaky

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Quote from: GermanFoobla on September 14, 2016, 06:03:06 AM

Its what you like but I like to buy my bitcoins with localbitcoins, its safe and I can meet up with the person in real life to deal it safe with low fee's.
Its very nice to do it on this and I can also do it with cash than.

Its a good method but I only use it for high amount of bitcoins not for low amounts because that can also just be bought online behind your monitor.
I think that its a nice method but that you should only use it for large amounts and otherwise not.

GermanFoobla

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Its what you like but I like to buy my bitcoins with localbitcoins, its safe and I can meet up with the person in real life to deal it safe with low fee's.
Its very nice to do it on this and I can also do it with cash than.

Dudeperfect

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I use localbitcoins to buy or sell bitcoins in fiat because one and more reasons.

- There are many merchants so you get your deal executed within an hour (if you don’t have balance in localbitcoins wallet).

- They provide free automated escrow service so it’s quick and secure.

- There are many options to choose from, I have used almost 7 to 10 fiat options to get or send my fiat balance.

- Reputation system, reputation system works well just like bitcointalk.

If you are concerned about your privacy then you should go with virtual credit card service providers.

RobinHoodster

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My preferred method to buy bitcoins is with someone I can meet up with, I like to pay him/her in cash for some nice bitcoins.
I mostly use localbitcoins for these kind of things.

romero121

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I always prefer bank transfer else face to face, because I don't care about the issue with identity. Even now if user don't need to think of these and all due to the introduction of lots of bitcoin exchanges as it has got several options.

TastyChillySauce00

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Quote from: alyssa85 on June 19, 2016, 10:43:23 AM

A really cheap way is to mine an alt when the difficulty is low, using just an ordinary graphics card, and then converting it to bitcoin. Or minting coins with a proof of stake wallet, and then converting to bitcoin.

Then if OP needs exact amount of bitcoin immediately for paying bills which have deadline,OP will go to mine first waiting few weeks and then exchange it to bitcoin while the bills expired? That's not going to answer the question

pandalion98

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Quote from: ssnova on June 10, 2016, 11:25:52 AM

I've been trying to read about "safe" "secure" and "mainstream" (lots of people use it, proves it works) ways of buying bitcoin.

What's your opinion Coinbase? I mention this because I've heard lots of horror stories pop up, even recently regarding hiccups and accounts being wrongfully charged or wrongfully closed, enough for me to think twice.

What do most of you all use? There's also https://localbitcoins.com but I rather not deal in such ways.

I don't know, any how, what methods do you guys use that you consider reliable? safe? That you've found relatively "dependable" so to speak?

I've been wanting to mine for years, but waited too long, and then boom! Now bitcoin has taken off to extreme levels, and we're on the brink of the halving.. thus I at least rather have some then none by now.

Thanks in advance!

If it was possible for me, I would prefer to meet them face-to-face. Cash preferred.

But since there are no local traders, I would prefer to reach out to some trusted members on this forum.

jt byte

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I like to use a service that is fast and is directly debited to my bank.
It is only for my country though.

Raja_MBZ

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I use:

-Cex.io if I've to purchase bitcoins through Credit/Debit/Prepaid card.
-LocalBitcoins.com if I've to purchase bitcoins through local methods such as local bank transfer, western union, etc.

alyssa85

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A really cheap way is to mine an alt when the difficulty is low, using just an ordinary graphics card, and then converting it to bitcoin. Or minting coins with a proof of stake wallet, and then converting to bitcoin.

Newcoins2020

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If you want a no worry transaction my advice use the reputable exchanges like kraken en bitfiniex. You pay the market price and normal fees.
The downside is you have to sent your ID information.

So if you want to avoid that... you can use local bitcoins or the currency exchange.
The downside is you pay higher fees and you can get scammed, if you are not careful..

ebookscreator

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Quote from: coinplus on June 18, 2016, 05:01:21 PM

Quote from: socks435 on June 10, 2016, 12:23:14 PM

If you are afraid toe buy bitcoin in coinbase or localbitcoin there's an other way to buy bitcoins you can try perfect money buy funds in perfect money and you can convert it easy into business partner of perfect money that you can find here https://perfectmoney.is/business-partners.html
just choose high trusted score so that you are far in scammers..

I was trying to do this using my perfect money to convert BTC but All of perfect money business partners charge awful fees for exchange. Like some exchangers charge minimum $10 + what ever amount you want to exchange. Finally I did my exchange with a member here.

Yeah there's a fee but most of the business partner in perfect money are asking for high fees.. but i have one site that i know giving a low fee and they can give you a discount if you are registered in their site. try this one changer.com.. still now i am using it..

coinplus

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Quote from: socks435 on June 10, 2016, 12:23:14 PM

If you are afraid toe buy bitcoin in coinbase or localbitcoin there's an other way to buy bitcoins you can try perfect money buy funds in perfect money and you can convert it easy into business partner of perfect money that you can find here https://perfectmoney.is/business-partners.html
just choose high trusted score so that you are far in scammers..

I was trying to do this using my perfect money to convert BTC but All of perfect money business partners charge awful fees for exchange. Like some exchangers charge minimum $10 + what ever amount you want to exchange. Finally I did my exchange with a member here.

zodin

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i will always suggest you to prefer Xypo i think it is one of the most trustable and safest way of trading bitcoin. it always need varificaton and that is the plus point i think.

lixer

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Quote from: Digital_Lord on June 10, 2016, 11:55:08 AM

buy bitcoin from a trusted place/site/exchanger. and buy for cheaper price. local bitcoin is the most preferred place to buy bitcoin for me.
Even I didn't bought bitcoin ever, but if I need to buy I would buy from localbitcoin for sure. or I will buy from this forum's currency exchange section.

I too prefer buy from this forum's currency exchange section but I hate localbitcoin as it usually has huge gap from current price.
I usually avoid coinbase as it is known for many horror stories.

gogodr

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CASH from a bitcoin atm.
Safest and most anonymous option if you ask me.

The Sceptical Chymist

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I use Circle and I trust them.

I used Coinbase until they nuked my account. It was my fault. I would trust them again.

I would buy bitcoin on this forum with escrow. I don't trust anyone on this forum without it.

And even if you trust an exchange, don't keep your coins in their wallet. Always use your own.

gogodr

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Quote from: martinacar on June 16, 2016, 09:55:04 PM

Quote from: sfinxster on June 16, 2016, 07:28:22 PM

It mostly depends on where you live. I would preferably buy from a company that is located where I live. and ofcourse do a thorough research on the company before purchase.

This is one of the best options indeed, I once did it at localbitcoins and I'm very happy with it, I still have contact with the dealer itself.
I met him in person and made a deal back in the days.

lmao you make it almost sound like a drug transaction "with the dealer" but i prefer LBTC as well for anonymity

martinacar

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Quote from: sfinxster on June 16, 2016, 07:28:22 PM

It mostly depends on where you live. I would preferably buy from a company that is located where I live. and ofcourse do a thorough research on the company before purchase.

This is one of the best options indeed, I once did it at localbitcoins and I'm very happy with it, I still have contact with the dealer itself.
I met him in person and made a deal back in the days.

sfinxster

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It mostly depends on where you live. I would preferably buy from a company that is located where I live. and ofcourse do a thorough research on the company before purchase.

outatime1

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I've used coinbase and it works fine. I have never tried localbitcoins but there are lots of people that say it works good and it's quicker. I'm sure there are other ways as well.

Bitcoinbro

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Quote from: romero121 on June 11, 2016, 03:56:47 AM

Most time I prefer localbitcoins.com because at times you could get for a price less than price quoted by exchanges because it has got lot many traders who have different price margins.

I also like localbitcoins and they are also the best with their dealers there, you can pick one out and they are also pretty secure if you are asking me.
Fee's are mostly also pretty low.

SilverPunk

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Quote from: romero121 on June 11, 2016, 03:56:47 AM

Most time I prefer localbitcoins.com because at times you could get for a price less than price quoted by exchanges because it has got lot many traders who have different price margins.

May i ask how to buy btc on localbitcoins and coinbase ?because i use the method on my country is buying butcpins on 7-11 which is directed to the local BTC wallet available to exchange btc to fiat vise versa.

ssnova

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Quote from: romero121 on June 11, 2016, 03:56:47 AM

Most time I prefer localbitcoins.com because at times you could get for a price less than price quoted by exchanges because it has got lot many traders who have different price margins.

Thanks, looking in the forum now. It's a bit crazy over there at the currency exchange, gotta research "skrill" and other things they use over there, a bit daunting.

romero121

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Most time I prefer localbitcoins.com because at times you could get for a price less than price quoted by exchanges because it has got lot many traders who have different price margins.

Whosdaddy

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Quote from: Bit1334271 on June 10, 2016, 12:49:40 PM

I personally use localbitcoins.com and have very good experience with this but some time I like to use btc-e also because its also very good for me with few good payment methods coinbase and xapo both never been good for me as both need ID verification for this buy and sell

I never used localbitcoins or coinbase for buy or sell my bitcoin. They have really awful rates for transactions.

I am a small trader most of the time I used to buy forum currency exchange section. There have many trusted exchangers and also you can use escrow if you are new and rate is very reasonable.

I used cex.io when I need to buy bitcoin using my card and rate is preev rate. I don't recommended to use cex.io because I hear some horror story but nothing happened recently.

Bit1334271

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I personally use localbitcoins.com and have very good experience with this but some time I like to use btc-e also because its also very good for me with few good payment methods coinbase and xapo both never been good for me as both need ID verification for this buy and sell

bri912678

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You could register at bitstamp, but you have to give it KYC documents. Alternatively you could register at the Kraken and supply less information if you only want to do small buys. The kraken lets you do small wire transfers if you provide your address.

This is its KYC system

https://support.kraken.com/hc/en-us/articles/201352206-What-are-the-Verification-Tiers-

Quote from: Enfield on February 05, 2015, 09:38:20 AM

Be careful with using btc-e from uk bank accounts. I've heard of people haveing their bank accounts closed and I also think btc-e is technically illegal to use in the uk because it doesn't comply with aml laws and other such rules. Are you just wanting to buy bitcoins?

Finally, you can buy through paypal using virwox, but the fees are high. This link explains the process.

https://www.deepdotweb.com/buy-bitcoins-with-paypal-credit-cards/

socks435

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Privacy is always important

If you are afraid toe buy bitcoin in coinbase or localbitcoin there's an other way to buy bitcoins you can try perfect money buy funds in perfect money and you can convert it easy into business partner of perfect money that you can find here https://perfectmoney.is/business-partners.html
just choose high trusted score so that you are far in scammers..

OROBTC

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Quote from: BillyBobZorton on June 10, 2016, 11:27:31 AM

If I cared about privacy I would not use coinbase.

Unfortunately if you really really care about privacy, there's nothing you can do beyond meeting IRL with a local trader, everything else is not really anonymous cause it goes outside of the BTC ecosystem (banks involved)

But if you are going to buy a small amount, then don't over think about it. No one really cares that you buy 1 BTC or something.

Yes, if you want to buy pretty anonymously, use localbitcoins, although where I live there are not very many reliable sellers. Which is really too bad. Maybe localbitcoins will get more participants as time goes by.

I can buy from a BTC ATM, but the premium has risen to a very high 14% over "spot", which is now just too high for me.

I also buy from circle.com, as they made it easy to sign up. They use 2FA, and so far no problems. My limit is a low $300 though.

Digital_Lord

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buy bitcoin from a trusted place/site/exchanger. and buy for cheaper price. local bitcoin is the most preferred place to buy bitcoin for me.
Even I didn't bought bitcoin ever, but if I need to buy I would buy from localbitcoin for sure. or I will buy from this forum's currency exchange section.

ning_chang

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Quote from: ssnova on June 10, 2016, 11:25:52 AM

I've been trying to read about "safe" "secure" and "mainstream" (lots of people use it, proves it works) ways of buying bitcoin.

What's your opinion Coinbase? I mention this because I've heard lots of horror stories pop up, even recently regarding hiccups and accounts being wrongfully charged or wrongfully closed, enough for me to think twice.

What do most of you all use? There's also https://localbitcoins.com but I rather not deal in such ways.

I don't know, any how, what methods do you guys use that you consider reliable? safe? That you've found relatively "dependable" so to speak?

I've been wanting to mine for years, but waited too long, and then boom! Now bitcoin has taken off to extreme levels, and we're on the brink of the halving.. thus I at least rather have some then none by now.

Thanks in advance!

Try to buy at Xapo, i used xapo to buy my bitcoin that im storing for upcomming bitcoin halving. Just dont try buying at coinbase many stories are popping out that they have issues in buying bitcoins at coinbase, better not to risk you money their

fortunecrypto

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I got mine from all my friends I do not trust coinbase I am not comfortable uploading all documents even if the site is trusted,it's much more better to buy in small amounts but to many people that you trust..

BillyBobZorton

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If I cared about privacy I would not use coinbase.

Unfortunately if you really really care about privacy, there's nothing you can do beyond meeting IRL with a local trader, everything else is not really anonymous cause it goes outside of the BTC ecosystem (banks involved)

But if you are going to buy a small amount, then don't over think about it. No one really cares that you buy 1 BTC or something.

ssnova

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I've been trying to read about "safe" "secure" and "mainstream" (lots of people use it, proves it works) ways of buying bitcoin.

What's your opinion Coinbase? I mention this because I've heard lots of horror stories pop up, even recently regarding hiccups and accounts being wrongfully charged or wrongfully closed, enough for me to think twice.

What do most of you all use? There's also https://localbitcoins.com but I rather not deal in such ways.

I don't know, any how, what methods do you guys use that you consider reliable? safe? That you've found relatively "dependable" so to speak?

I've been wanting to mine for years, but waited too long, and then boom! Now bitcoin has taken off to extreme levels, and we're on the brink of the halving.. thus I at least rather have some then none by now.

Thanks in advance!

Topic: Preferred method of buying Bitcoin?? (Read 2371 times)