Topic: why is it so hard to buy bitcoin - page 18. (Read 30175 times)

For me, there is no difficulty in buying bitcoin. Now it has become very easy thanks to a lot of exchange sites. You can buy coins for a few seconds

I don't think that it's really hard to buy the bitcoin but there are some terms or rule and regulation to buy the bitcoin as show some I'd proof that you are not a fake person and have some knowledge about bitcoin how to buy it.

I think that even if we live in a place where bitcoin is banned, buying bitcoin would still very easy due to many reason. First of all, bitcoin is dencentralized which is based on the blockchain net work. Therefore, no one will know that you are holding bitcoin unless you tell them about that. You can use paypal or credit cards to buy bitcoin from many online foreign merchants without any problems

There is a lot of option for people to buy bitcoin nowadays. Becasue there is a lot of exchanger that can offer bitcoin . Yet the point is the price of bitcoin now is to hing and people could not afford buying bitcoin in this state. So for me the nest thing to is to just find a way that you could actually earn bitcoin si that you have anytime that you do not need to buy bitcoin. You will just need to work hard for you to earn it.

Most of the people I told about Bitcoin don’t really get into it because they lose interest when they hear the price. So, I stopped telling people the price of Bitcoin. When they ask me, I just say “bitcoin is a good source of income, but got to research that yourself and know whether you will be interested or not” it’s all left for them.

Each location have their own bitcoin store the various is every time they permit bitcoin transaction on your country.For case in point : some place forbid bitcoin usage or even against lawLuckily I have my very own regional bitcoin which enable me to convert bitcoin into fiat in haste

Buying bitcoin was difficult in early days but today any one can buy bitcoin and that too with cash also. I think you have logged in your localbitcoins account after a long break and thus they asked you to verify your identity.

Here in Philippines it is not that hard to purchase a bitcoin as long as you have money. We are using the apps coins.ph then we could buy bitcoin instantly but fees is much higher than other wallet but anyway we will have our bitcoin instantly. So the site is safe but quit expensive.

What kind of payment strategy are you striving to use? I never ever had any problems making use of banks deposits or experience to face trade, if you are striving to buy bitcoin with paypal be ready to confront lots of troubles and terrible charges, there are tons of scammers and people want to safeguard by themselves.

That is true i was in India last year and i bought some bitcoin through there i needed to verify my bank account , Passport then pan then they gave me the password and i opened my account with that and i successfully got my bitcoins in India that is in Asia.

Because if its easy to buy bitcoin then people would love to buy bitcoin with their black money make it white.
In India if want to buy bitcoin then we need to verify bank account , Passport and Permanent account number (PAN) card, Then they will open account to buy bitcoin online.

Im able to buy bitcoin anytime without need to expose myself over exchanges, and follow their rules, mine problem isnt at all buy but try to buy 1 full bitcoin, since price is going up very fast nowadays. Before we had restricted to exchanges transactions, nowadays we can get bitcoin at several places even there is already atm selling bitcoin.

It is hard for some people to buy a bit coin because they are not well aware of it. They don’t know about crypto currencies much and how they all work in the digital world. What they can do is to get familiarization with these currencies and start investing in little capitals and then trading them.

First of all it's hard to earn bitcoins today. Each piece is important when comparing it with gold today so people are careful about holding their bitcoins. But there are other possible bitcoins for exchangers. here's why we can just buy bitcoins and it's easy to withdraw one click you just transfer it to your bank account. So do not worry about the sellers' demands as they are also taking care. I have no other meaning here

! This is the right time to grab bitcoins when they are showing some dumped in the price. Weekends in my opinion are the best time to grab bitcoins when they dump in prices. Besides the crypto currencies are the latest trends of the world and we must try to invest into them for safe future.

Though bitcoins give great freedom to users but using great technologies can track down bitcoin users. In a way, this good otherwise people will start using bitcoins for negative things like money laundering etc. Even the corrupt politicians can sue bitcoins to hide their corruption.

I also have used localBitcoin for a while, but still at the moment most of the exchangeres are asking verification. Still it doesnt take a lot of time to upload your ID and take a photo   approx 15min

The "hard" part is dealing with fiat currency.
Here is how to buy bitcoin.


1. Set up an account at a licensed exchange in your own country. Never trust an unlicensed business! Use your real identity. If you try lying about your identity you are going to get your account locked and you may be unable to recover your bitcoin. Exchanges MUST follow AML and KYC laws. They will turn over your info to the IRS, They will not help you if you lie. That's just business.   

2. Fund your account from a bank account. You can use a credit card or PayPal, but it will cost more and involve more entities. Since this involves fiat money it will take days to clear in the mail. Bitcoin is fast, fiat is slow.
Once it does clear you will have dollars/Euros/whatever in your account that can be used to buy bitcoin. At that point you can buy in a variety of ways. You can place a low bid and hope someone comes down to your price or just buy at current market price. Note that you are now also set up to sell coins.

3. Move the coins you buy immediately.  You will want to have a wallet synced on a secure computer. As soon as a trade is confirmed You should send the newly bought coins to your wallet. Until you have your coins in a wallet that you have sole possession of the private key, you do not have bitcoin. It is possible for the exchange to go out of business or be crooks. Get that money under your keys ASAP! Same is true selling coins. After a sale for fiat do a bank deposit into your bank account.

4. Record everything. Keep careful records of how much you paid for your coins. When you sell or spend them you will owe taxes on any gain you see. In the U.S. typically you will owe 0% - 15% of the profit you made, depending on your tax bracket.

Looks like this is old topic but would love to give suggestion about localBitcoin. This site surely is now very old and you don't need to upload any photos of you holding your cards, (lols) as the process of submitting your government verification documents has become very easy now a days. Anyway moving forward from localBitcoin now there are many ways to buy our bitcoins with simple clicks and even no verification. The exchangers are getting advancement in payment system and you can buy with your cards easily. So I don't think that this is major problem now a days.

Nice to hear a additional information about bitcoin buying.It's nothing hard to buy a bitcoin now.Their are lot of website which gives you additional bitcoin for your money. If you brought a Bitcoin with high amount of money means, the transaction fee for the bitcoin is also low.