Bitcoin Forum

Say I wanted to buy bitcoin at $320, is there a place I can set an order and have them transfer from a bank account or do I need to keep money on the exchange? Any Other Suggestions? Thanks.

AFAIK there isn't anything with that function to set the buyout price you prefer so you have to manually check everything and be there in the right time it's value is at $320 and do the whole process by yourself. Keeping money on any exchange site is not advisable so just send money to an exchange  site at the moment your about to do the exchange and nothing else.

Yes, you need to transfer money to the exchange and set up a buy order with your desired values.

Yeah, I am not aware of any such service either and even if one exists you'll have to keep fiat there for it to autobuy at the specified rate. Maybe there are exchanges which allow that but I don't know and wouldn't trust any.

Aww ok, thanks guys. Thought one of exchanges might have this now.

you can if you're expert enough, do it with api and programming, basically playing with api key you can auto transfer your coins after the order is done from one exchange to another, through your wallet

there is however coinimal that do not hold your coins

Yeah, you have to keep the fiat in the exchange, but can place a limit order and wait for it to fill. It would be really useful if you could set it to come straight from your account once the price meets your order price, but at this point in time I don't think any exchange allows you to do this. Possibly because transfers may not be completed before the price jumps back up.

This is the right way to do. In most exchanges you have limit order. You can also have stop order.

I have done just that in coinbase exchange. You just fund the account and set a limit order. But transfers are not automatic, you have to do them manually.

I think their are some exchanges where you can do this, but first your account should be funded with fiat currency and then you can place your buying price , when you price comes it will automatically executes the buying and you will be getting the price what you are expecting, but what other told keeping fiat currency in exchanges are not recommendable until you have full faith on that site or exchange.

You will need the money on the exchange for sure in order for such type of transactions to be done, but instead, you can go for cash transactions in your local area without having fear of either getting your bucks hacked or stolen...

You can check out LocalBitcoins where you will be able to easily find some good traders around you...

Not only do you need to move the money to an exchange you
need to also tie up that money by putting in the limit buy order

I would use btc-e