Topic: The problem with bitcoin is buying bitcoin - page 3. (Read 5454 times)
I don't think bitcoin is that hard to buy, but obviously you've got to put a tiny bit of effort in to find it, but more easier options are becoming available all the time.
I am from Canada and have yet to find a method to buy bitcoin.
cavirtex - pain in the ass. sent them my id front and back, copy of bills proving my address, linked my bank account. e-Interac is advertised on their website but does not work, when i attempted this it said that my account was not "Stage 3 Verified" They need me to submit a per-authorized debit form for my linked bank account. Fuck that.
circle - not available to Canadians.
localbitcoin - nobody in my small town is selling bitcoin. Even if i drove an hour to the closest major city, the prices are very steep.
bitvary - Tried $100 worth as a test but haven't received bitcoin. Will use paypal to dispute purchase shortly.
In the end, why would any Canadian want to use bitcoin if:
1 - Its is a huge pain in the ass to purchase them.
2 - Purchasing any large amount is a major risk.
3 - You lose 15% of their money in the initial purchase due to the markup the seller is charging.
cavirtex - pain in the ass. sent them my id front and back, copy of bills proving my address, linked my bank account. e-Interac is advertised on their website but does not work, when i attempted this it said that my account was not "Stage 3 Verified" They need me to submit a per-authorized debit form for my linked bank account. Fuck that.
circle - not available to Canadians.
localbitcoin - nobody in my small town is selling bitcoin. Even if i drove an hour to the closest major city, the prices are very steep.
bitvary - Tried $100 worth as a test but haven't received bitcoin. Will use paypal to dispute purchase shortly.
In the end, why would any Canadian want to use bitcoin if:
1 - Its is a huge pain in the ass to purchase them.
2 - Purchasing any large amount is a major risk.
3 - You lose 15% of their money in the initial purchase due to the markup the seller is charging.
If you live in the US, Coinbase is super easy.
My 74 year old mother was able to buy bitcoins through them using her phone.
My 74 year old mother was able to buy bitcoins through them using her phone.
This is true, but I would like a second coinbase type company for the USA.
Circle!
Wouldn't any other solution that came in today have the same problem?
When you are registered on an exchange it is cheap and easy to buy; you can buy easily in a Bitcoin ATM too but the fees are high.
The closest Bitcoin ATM to me is about a 5 hour drive away... My funds finally just transferred from my bank today. Took 7 days. Now the price of BTC is up almost $80 from when i started the transfer. Not happy about that.
I think there is something to this. Buying really isn't that easy, if it was, we wouldn't see people asking for paypal to bitcoin deals all the time. You can buy most everything else with paypal, so why I don't think it is the final arbiter of what counts as "easy to buy", heck I hate paypal, I do think it provides a useful basis for comparison.
You still can't buy anything from Amazon with paypal while you still have some chance to buy bitcoin with paypal if you try harder so I gues buying bitcoin is easier now.
When you are registered on an exchange it is cheap and easy to buy; you can buy easily in a Bitcoin ATM too but the fees are high.
I use CaVirtex in Canada BUT it takes like a week and half to transfer funds to them from my bank account. Its a freakin PAIN IN THE ASS. They need to make buying BTC much much easier. I recently signed up with coin.mx and you can buy BTC with VISA and it only takes minutes. We need more of this. Buying BTC is definitely the hardest part of using crypto currency.
If you live in the US, Coinbase is super easy.
My 74 year old mother was able to buy bitcoins through them using her phone.
My 74 year old mother was able to buy bitcoins through them using her phone.
This is true, but I would like a second coinbase type company for the USA.
Circle!
I think there is something to this. Buying really isn't that easy, if it was, we wouldn't see people asking for paypal to bitcoin deals all the time. You can buy most everything else with paypal, so why I don't think it is the final arbiter of what counts as "easy to buy", heck I hate paypal, I do think it provides a useful basis for comparison.
If you live in the US, Coinbase is super easy.
My 74 year old mother was able to buy bitcoins through them using her phone.
My 74 year old mother was able to buy bitcoins through them using her phone.
This is true, but I would like a second coinbase type company for the USA.
Circle!
Perhaps localbitcoins should market themselves as exchange usd or gbp for bitcoin rather than buy bitcoin.
Before you can even buy you need to download the whole blockchain.. How long does that take?
Before you can even buy you need to download the whole blockchain.. How long does that take?
If you live in the US, Coinbase is super easy.
My 74 year old mother was able to buy bitcoins through them using her phone.
My 74 year old mother was able to buy bitcoins through them using her phone.
This is true, but I would like a second coinbase type company for the USA.
If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it.
Unfortunately at the moment its way to complicated.
People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals.
Unfortunately at the moment its way to complicated.
People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals.
I totally agree with you, and everyone has either ignored me (thru the forum feature) or continually misunderstand me when i say we need a REAL demand for bitcoin. We need ways to promote the use of the coin so people are willing to get the wallet sync it in. no one wants an online wallet since security is usually the first thing people mention, thanks to the stupid hackers who so counterproductively destroyed the investment they were hacking. You would think a hacker would not be so stupid to destroy the perfect coders dream, but sure enough they have.
We a product you can only buy with bitcoin, or products that if you buy them with bitcoins they are a good bit cheaper than buying them with cash.
Theres your new objective bitcoin developers sitting on wallets with hundreds of thousands of bitcoins , why dont you put them to good use, if you can create/maintain a code like bitcoins what is so hard about coding and setting up a good standing worthwhile merchant site for your investment.
Yes, If more people 'want' bitcoin then it will increase massively. However most people, even tech savvy people don't know how to buy them which is a big problem and I think is limiting its spread.
It has been possible for the last two years to find out how to buy Bitcoin by Googling "buy bitcoin." That's how I buy nearly any product; why should Bitcoin be any different?
It's been possible for nearly that long to sign up at Coinbase and buy Bitcoin easily if you have a bank account. It's not that hard.
If you can make it easier, you can make a bundle of money.
If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it.
Unfortunately at the moment its way to complicated.
People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals.
Unfortunately at the moment its way to complicated.
People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals.
Bitcoin's need to acquire is fine, it is a vice related need currency, that's it, no one will acquire it to then buy stuff at Overstock, new people enter the world of btc from a vice related need, right now it's gambling, 2 years ago it was silk road
So drugs and gambling fuel the new user base not new merchants
It's not that hard to acquire btc, IF A PERSON THINKS THEY NEED IT
A typical person will never think they need btc UNLESS they have a vice habit ie: drugs/gambling
Look for mega bitcoin casinos to soon have millions of global users chartered out of the cayman islands with a Cayman casino license and cayman bitcoin bank tied to it
Those vice need uses will all have acquired btc and by the time they have multiple millions of users, there will be a nice pop in btc prices to 3K or 5K imo
vice users fuel the btc values
Well i don't go through any of the online exchangers but i use local bitcoin to find real people around my locality and then next thing i know, its done. I stick to one single seller that i trust and never had any trouble.
These days it's not that hard to buy bitcoins. Localbitcoins has made it so easy for everyone to buy with different payment methods and there are many other places also where you can buy bitcoins.
I am sure I have seen some posts here with list of sites which are selling/buying bitcoins with Paypal so buying is not much of a problem anymore.
I am sure I have seen some posts here with list of sites which are selling/buying bitcoins with Paypal so buying is not much of a problem anymore.
If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it.
Unfortunately at the moment its way to complicated.
People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals.
Unfortunately at the moment its way to complicated.
People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals.
I totally agree with you, and everyone has either ignored me (thru the forum feature) or continually misunderstand me when i say we need a REAL demand for bitcoin. We need ways to promote the use of the coin so people are willing to get the wallet sync it in. no one wants an online wallet since security is usually the first thing people mention, thanks to the stupid hackers who so counterproductively destroyed the investment they were hacking. You would think a hacker would not be so stupid to destroy the perfect coders dream, but sure enough they have.
We a product you can only buy with bitcoin, or products that if you buy them with bitcoins they are a good bit cheaper than buying them with cash.
Theres your new objective bitcoin developers sitting on wallets with hundreds of thousands of bitcoins , why dont you put them to good use, if you can create/maintain a code like bitcoins what is so hard about coding and setting up a good standing worthwhile merchant site for your investment.
Yes, If more people 'want' bitcoin then it will increase massively. However most people, even tech savvy people don't know how to buy them which is a big problem and I think is limiting its spread.
If bitcoin is ever to become mainstream then it needs to sort out its achilles heel. That is buying bitcoin in the first place. The process should be so easy that even your gran can do it.
Unfortunately at the moment its way to complicated.
People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals.
Unfortunately at the moment its way to complicated.
People won't buy bitcoin if they don't understand how to and if none buys bitcoin no one will spend bitcoin except geeks and criminals.
I totally agree with you, and everyone has either ignored me (thru the forum feature) or continually misunderstand me when i say we need a REAL demand for bitcoin. We need ways to promote the use of the coin so people are willing to get the wallet sync it in. no one wants an online wallet since security is usually the first thing people mention, thanks to the stupid hackers who so counterproductively destroyed the investment they were hacking. You would think a hacker would not be so stupid to destroy the perfect coders dream, but sure enough they have.
We a product you can only buy with bitcoin, or products that if you buy them with bitcoins they are a good bit cheaper than buying them with cash.
Theres your new objective bitcoin developers sitting on wallets with hundreds of thousands of bitcoins , why dont you put them to good use, if you can create/maintain a code like bitcoins what is so hard about coding and setting up a good standing worthwhile merchant site for your investment.
I do agree, I was going to buy a few bitcoins when they were £20 but didnt because it was really quite hard to buy them in the UK
Yes, getting bitcoin is an issue. Keeping it safe is another. Fortunately this is nothing new and there are plenty of solutions being rolled out and/or worked on.
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