Bitcoin Forum

Hello,

I'm new to Bitcoin. Other than mining, does anyone know how to buy Bitcoin at or below spot? I've tried looking into Circle, Coinbase and btc-e, however, I'm not interested in those sites.

Thank you.

Go on localbitcoins and post your own offers to buy at spot or below to factor in whatever escrow fees. Or go on #bitcoin-otc IRC channel and make offers for spot. Sometimes I've sold coins at spot just to quickly turn them around.

You could pay the going rate on exchanges like Bitfinex or Bitstamp. If you want to pay less you could put a buy order on for less than the current price and hope the price drops and it gets filled.

Well generally no exchanger would offer to sell coins at below or spot price. As for individuals you would have to be careful though if you get an offer that is too good. Unless it's a desperate situation something like that. You could still put up a buy order at exchangers though, it's just that you need to have the patience.

sometimes there are good trusted guy that sell below market price on the market section(because they need fast liquidity and the only way is to sell their btc fast enough, by devaluing them) , you may take a look there

High competition and this guy is new. No one will trust him.

There are a lot scams around here. Always remember to use escrow for your transactions.

I am going to comment on buying/selling BTC through PayPal.

If you want to buy, then it is fairly straight forward. Use escrow and wait for BTC to come in then release funds.

However, if you are the seller, just DONT use PayPal. As the buy can revert his payment AFTER receiving your BTC.

I lost 6k selling on PayPal.

- Mayer Amschel

sorry to hear that! Yes, we should be careful when trading through PP. When selling, we should trade with trustworthy ppl with low amount of money, which will reduce the reversing risk!

No one will obviously sell you his bitcoin at a lower than the exchange price. The only way you can get that is by trading a different currency, say Skrill or Paypal for bitcoin. People usually sell bitcoin for a lower than bitstamp price for these.

Coinbase Exchange. Its really the only way to buy bitcoin instantly at or near the going exchange rate. You will need to load money to your US Dollar Wallet though and that takes a week to do unless you have a credit card. Regardless, once you have those funds you can go to the exchange part of coinbase and see real time deals going on and find the lowest deal close or below market value.

@ Moni3z,

If you are currently or at some future time wanting to sell at spot again?

Please PM me - I am looking for a bargain buy price right now.

Thanks in advance.

If you are asking about other exchanges site who will give you below spot in bitcoin, perhaps you are only wasting your time because there are no exchanges that will give below the price they bought it, unless you have a friend will give what you need to whom you trusted for I think its possible.

One on one or face to face trading in your local country or localbitcoin will be an alternative for you. Most of the localbitcoin traders sell bitcoin below prevailing market price. Just that when using those services remember to use escrow.

These exchanges will not deal with the you at your customized price.

You need to look for individuals who will not be having enough options to get paid for their bitcoin in their local currency. This type of people will be ready to sell their bitcoins below the spot price. (not just for local currency, people will sell bitcoins cheaply for some specific payment types too).

Buying bitcoin below spot prices is always possible. Just check with your friends and neighbors and more importantly in this forum's currency exchange section. I believe these are the only viable options in front of us.

If you could wait for certain dumps well much better if you deposit your fiat on some certain exchangers out here and buy bitcoins from their if you can see tha bitcoins price are falling. I think ccex or poloniex have that feature but care to read more comments here so you would get more better answer from those people who tried to do that aswell.

You can buy bitcoins through exchanges there are many reputable trading sites but wait for some dumps or low price before you buy because bitcoins price is too high now there is a posibility that it will go down for some time even a little but it worth to buy than buying at the highest peak.  Then look for some good advise or better where to buy bitcoins which you will have a compatibility to buy .
If you ask me I prefer go to a trading exchanges site to buy bitcoins using fiat money.

Lots of places to buy bitcoin. You can search in some big exchange. But if you want to buy bitcoin from an exchange that comes from your country then you can see the list in localbitcoin. There you will find various bitcoin transactions that exist in every country.

If you don't want to buy in those sites I offer you to buy in locabitcoins site. That is the only one that I know other than those written above. Bitcoin is a very stable movement currency, it will only pump not dump so I think, you need to buy now then earn profit tomorrow.

I hardly find it possible where you can get to buy it at below the spot because even if you post your offer and because ita an open market, I am sure someone is ready to bid higher which means you might not get to buy. Also, aside that, you also need to be weary of anyone who is willing to sell to you at below the normal price so you don't lose that little you have to scammers spread everywhere looking for who to devour of their hard earned resources.

How do we access this channel from firefox?

Google the exact line. :)

I don't know what OP wants but you either open an order in exchanges and wait or you don't, no one will sell you unless you use escrow, unless you go to localbitcoins, there is a good reason why buying from exchanges is the most simple and convenient way to buy Bitcoin.

I'd suggest mine altcoins and then exchange them for Bitcoin in unregulated or even regulated services, many people tackled the issue of staying anonymous for privacy reasons by doing the same thing, you just need to buy a few GPUs.

You can buy bitcoin at the market rate through exchanges but below spot then you have to wait in exchanges or place order in below spot rate and if the market is in correction then you will get the price what you are waiting for. Other then that their is no way of getting in low rate