Bitcoin Forum

I want to buy some bitcoins, but exploring all the different options, exchanges, and payment gateways made me dizzy.

I'm in Chile, South America, I think all of the options for cash deposits in US or EU banks are out of my reach.

I can do international bank wire transfers to the exchanges, but I'm afrad these may take too long, and I'll end up buying when BTC reach the $100.

I can spend USD using an international credit card or paypal. Best way to purchase btc with these?

Thanks,

btcquick.com

BTC and cc don't mix.. Meaning a lot of places won't take your cc unless u do lengthy verifications..

I'd check out coinbase.com.  Not sure if it's right for what you need, but it may work.

for cash try this
https://localbitcoins.com

Thank you for your recommendations! I'll check these and post my comments if any.

Best,

Felipe

i use coinbase.. their upper limit on transactions kinda sucks though.. cant really watch the market and buy/sell whenever you please. for instance, its noon here and their limit has already been reached :/    i would like other options that dont make me do shady stuff to send money to europe

coinbase looks cool, but it only allows adding funds linking a US bank account, which I don't have.

btcquick seems to be what I need, but downsides is, expensive bitcoins and still requires you to send proof of address (not a deal-breaker, but I tend to prefer those who are willing to respect your privacy). I'll try purchasing some bitcoins here and see how they work.

now, localbitcoins looks exciting, I think I will definitely try this way too. Not sure if the btc prices are good, but I like the whole idea of local trading in cash or similar.

Also, I found out that blockchain wallet allows you to purchase bitcoins from many different countries using your telephone bill. I still don't know the limitations and risks of this option, but looks pretty interesting too. I'll study it in more detail. If you have any experiences or comments about this, would be great.

Thanks all,

Where/how does blockchain wallet allow that? I've been using it for a while and haven't seen that...

Probably means the Phone Deposit option which only appears under the EU and Other tabs.

https://blockchain.info/wallet/sms-phone-deposits

Exactly. Anyone has used this Phone Deposit option?

This method is a way too pricey!!! The worst deal ever you can do for buying BTC.

Check virwox.com but they allow a very small deposit via credit card for newbies.

I quite like Blockchain.info for buying bitcoins.

Easiest place I have found so far...

As hellfrozenow said, LocalBitCoins might be a good option for you. I don't know if there are any sellers near where you live, but if so it would be quite a bit easier than verifying an account online - plus you'd get to keep your privacy! =)

mtgox may say that international wire transfers take 2-5 days, plus another day for AML, but that's not always the case. It took less than 24 hours for me between filling out the wire transfer form, to having funds available on the exchange. Of course that may differ depending on your bank and/or the load per day... and who knows if they prioritize incoming transactions depending on size?

I think btc-e.com can work for you.

Plus couple of days before they verify you and you can actually make a SEPA transfer, right.
Idk, I've been lookin' for some option where I could get money from a bank account to a wallet within 24 hours but didn't find one. And I'm living in EU.

Yeah, the phone deposit with blockchain is probably the only option I've found, too. But not only the maximum you can buy that way is just 0,1BTC, they also take a hell of a fee (not neccesarily their fault, I believe phone companies are charging ridiculous fees at the first place).

bitcoin is cash, irreversible. so credit card is not so good of a way to purchase.

Is it possible to buy Bitcoins in Mtgox, using an international credit card?
Tks!

havent used it but what do yall think of bitinstant? cant you use your cc card at cvs for a moneypak or something?

What you could do to lock in Bitcoins at the current price while using a credit card is this:

Find something on the Internet that you think a Bitcoin user would likely want to buy in the price range of the amount of money you are wanting to spend.

Post the item for sale on BitMit.

Wait for someone to buy it.

Get their address, go to the site where you can purchase the item. Pay for the item with your credit card and have it shipped to the person.

The price is locked in, once the person receives their item you will get your bitcoins.

Elwar, great idea..thanks for sharing.

I checked btc-e, but then they send you to a page with several payment gateways, most of them in russian, and so far I have not discovered the way to get to the credit card option... any insights?

thanx

No, not possible.

This is very smart! thank you!

Please use www.BuyBitcoins.com (https://www.buybitcoins.com)

We do require identify verification to buy bitcoins by credit card, but our service is fast & very secure. 
Just upload your photo ID, do a quick phone verification & we'll send you your bitcoins within a couple of hours.

It requires a mtgox account... If I'd have one, I wouldn't be wanting to buy with credit card.

I want to post some of my findings,

btcQUICk seemd just what I needed, but they refused my account because I didn't have a phone number from a country they could verify... This is what Jerrod said,


After that I asked if they could make a special verification for me, that I was willing to provide any information they needed, but they simply ignored me.


I've been most successful with two approaches:

1) Using localbitcoins to contact people locally and do trades for cash or local bank wires, which are instant.

2) I created an account at BitMit.net and started offering selling PayPal USD for BTC. This worked very well for me, as I have PayPal linked with my credit card. I made a few transactions offering a good rate while I built my trust.

I hope this may help other people with the same questions.

Regards,

I would stick with localbitcoins.com, its the fastest.
And if you do repeat business and build your trust with a seller, he might offer you instant CC transactions ( worked for me )

I know you wanted to know about buying your Bitcoins by credit card but in all honesty you are not going to have much luck. You are going to have to pay the Bitcoin seller with a payment option which is non-reversible, which is why Paypal as well is not an option when purchasing Bitcoins.

So now you need to consider your options. If you do not care about being linked to the purchase and do not care about waiting a few days to get your coins I would suggest going with www.coinbase.com . Another option is www.localbitcoins.com which is a great source if you can find somebody in your area.

Another option you could consider would be to get your Bitcoins from www.bitcoin-brokers.org . These guys will sell you your Bitcoins for 2% below market value, and you can get them within one day simply by sending them a Moneygram payment. They also will buy your Bitcoins back from you and send you cash via Moneygram which is a great service.