Bitcoin Forum

I would like to start selling bitcoin any suggestions where to buy I just bought some on coin base $100 Canadian and transferred it to my paxful wallet, And ended up only with $88 worth is there any other places but I won't lose $12 for every hundred?

I'll vouch for Local Bitcoins. You can pay in your own currencies without having to go through exchange rates which is nice.

I would suggest you buy off LocalBitcoins. It is a great site with most users being reputable and trustworthy. The fees usually aren't much when you are buying and selling, so it is worthy it to check out if you are interested. However, it is not a bot-operated website. (At least I do not think so, but don't quote me on that).

There are many other sites such as coinbase and other exchanges where you can get a decent price for bitcoins when buying with fiat.

yeah but your loosing more than 12 percent then right, those are private vendors that are all marked up for profit, where can we buy bitcoin at the real market price with not much extra fees?

do you guys know if theres a minimum deposit amount to start selling on localbitcoins, as paxful you must deposit .1 plus the amout you wish to sell, is localbitcoins also the same .1?Can I deposit $100 worth of bit coin and start selling that?

Yes you can deposit $100 worth of bitcoin and start selling that or even less if you want :)

12%!? Wow that's awful. Maybe if you're buying on a credit card that's normal buy holy crap. Send a bank wire to quadrigacx and their rates are way lower. Coinbase will work too but I think their rates are like 4x quadrigacx. You could always check out foreign exchanges too.

so i bought 100 cnd from coinbase transfered to paxful, now to localbitcoin and i have 0.01440481 in my account lol wtf and yes i did buy it on my credit card

You can buy in the localbitcoins and sell it to your exchangers so that you will have some profit in it. dont buy in exchanger because the price on it is high. in local bitcoins it is late price so that it is cheap

12% still sounds a bit high, but basically on Coinbase you get charged a fee for purchasing currency with fiat, and you get charged another transaction fee for sending it to an external account.

Coinbase charges 3.99% with credit / debit transactions, and 1.49% with a USD wallet. Then, when you send it to a wallet, you need to pay a network fee to the miners for processing this transaction -- this is set dynamically and may be higher or lower at the time of the transaction -- https://support.coinbase.com/customer/en/portal/articles/815435-does-coinbase-pay-miner-fees-?b_id=13521

So perhaps you were charged a particularly high network fee for sending your bitcoin.

I would still purchase through exchanges such as Coinbase and Kraken -- you can use Kraken if you have Euros -- localbitcoin charges at a premium to the market price -- someone still needs to pay the transaction fee to send bitcoin from one address to another, although it's possible that you can negotiate so that the seller pays the transaction to send it to your wallet (not sure, never purchased there) -- but generally why would you purchase bitcoin from random strangers rather than on an exchange?? They're selling at $100 - $200 premium to the market price!

Also, since you have Coinbase, you can setup a GDAX account -- GDAX is an exchange and it is free to to send coins between Coinbase and GDAX -- this is not a wallet but in case you would like to trade between the BTC, ETC, LTC, there's no need to pay any transaction fees to send to an exchange.

Instead of selling on coinbase, you can find some reputeable members in this forum to trade longer for lowest fee.
Go to Exchanger board,post a thread including commission whatever you wish to give. I hope you will be offered exchanges at best rates.
If you are looking for external exchanger particularly,then localbitcoins is best way to seek and sell to your locals.

It depends on where you lose the $12. Was it because of the exchange rate or was it because of the miner's fee coinbase now charge when transferring bitcoins out of your account. I believe they charge just about 3.99% for canadian users whenever you convert. That means you were charged a lot by the miner's fee. So that you don't get charged a lot, make it big transactions so that you get the best bang for your buck.

I do not want to mislead you, but in South Korea I heard that Bitcoin prices are cheap, first you need to contact someone, it is not an easy task. There's a site called Localbitcoins.com, where you can check.

Yeah I recommend this also. In here, its much safer than buying it to anyone.
Neforet, I bought some in convenience store and its hassle free and no service charge.
You can try this for your next purchase.

Local bitcoins is the best place to buy cheaper bitcoins but if you've got a good deal maybe you can get someone here in forum that's willing to sell his coins for cheaper rates.


I didn't knew about this thing but it's like the same with LBC.

I think the cheapest place for buy bitcoin are the exchanges, like Poloniex, Kraken, Bittrex ecc
I buy bitcoin at LocalBitcoin, is simple and you can find sellers in your country, and pay with your local metod

For me localbitcoins is the best place to buy bitcoins and even when I have to sell my coins I prefer to do it only on localbitcoins as I am using it since long time and never faced any issue of getting scammed and in that case I am willing to buy even at higher price as I know that my money is safe and not going anywhere.

If there's one. Surely will buy.

There are several places you can buy bitcoin. In my country there are even local shops where you go to meet exchanger face to face for buying and selling of bitcoin. When it comes to online, my favorite is localbitcoin, but I do have my go to exchanger,  who I sell to directly without having to use sites like localbitcoin and the rest of them. But when talking of the cheapest, localbitcoin is the cheapest.

You can buy in exchanges like bittrex and poloniex but for me buying in you local store is the more convenient and cheap. No service charge so you'll get your btc in full. No more no less. Also you can pay them with your local currency. Try to ask your local bitcoin community or your friends where will you find this local stores.

Definitely. Buying it from the local stores is much more convenient and profitable as compared to any other technique. You just need to take care of this thing that from whosesoever you are buying it, be sure that the market price and the rate at which you are buying is exactly the same.

Cash to bitcoin directly, usually on Crypto/Blockchain conferences.

bitcointalk is cheapest place but you must be smat and avoid scammers

I am not sure if my suggestion will be a good idea for you or i hope it will be an option to you. If you are not on the haste to start trading immediately then just join signature campaigns and they will pay you bitcoins in return. I see that you are still a newbie then just rank up your account first then study the principles of trading while ranking up.

Kraken would be a good place for that

Localbitcoins is a great resource.  If you ever see Bitcoin ATM's I highly recommend not to use them.  Their prices are usually marked up 15%-25%.  Definitely not worth it!  However, if you might find one locally that might have a markup of 5%-10% then it might be worth it.  https://coinatmradar.com/ is a good resource to find the ATMs.

If you have some CNY you can try the Chinese OTC app Coin Cola -- you can buy bitcoins at basically the global market price, but it's equivalent to a ~20% mark up from the Chinese price.

Maybe you find it weird when I advice you about this. I do this often and no transactions fees. I got a friend who is a user also who I talked to and asked if he want to sell his earned bitcoin to bypass all fees. For he always cashing out almost twice a month. This is the trick used the same wallet with your friend much I prefer local wallets that is available in your country. He do love it for he bypass conversion and withdrawal fees. And I don't have to fee anything other the price of bitcoin itself.

price depend if you will use your ID will get more but try this site with escrow

If remitano is available in your country, then you should give the platform a trial. It is a P2P exchange platform which is quite organized with a lovely escrow system. I have been using this platform now months to purchase at a very good price and I have never regretted it once. I tried other ones such as localbitcoins, luno but with remitano, I still end up getting the best price.

The best way to go about it, is to buy from individuals with that, you get to buy low and at the same time avoid the unnecessary charges here and there. For those suggesting local bitcoin, you need to be more careful about that platform because news coming from that end is not something you want to engage yourself into. Join a forum where there are people who value their reputation before anything then transact with them.

Yes best is to Buy/Sell in immediate network, there must be others dealing in bitcoins in your network who introduced you or got you interested at the first place... best is to form a local BTC users group Watsapp telegram what ever you prefer and just post a message... If you are the first one in your social circle flirting with bitcoins then localbitcoin  is the place for you... tried and tested just be cautious on the first date.

OP, you may want to check up Changelly. I think they sure have a good rate.

You can buy bitcoin in localbitcoin . But I think the price of every wallet is near to each other. You can try also exchanges site but you need to see all the prie of each other where the price cheapest so if you see alteast one you can buy now. Make a resesrch first before take an action . 12 dollars many things you buy this amount and thats not easy to earn .

try to find tursted member or use escrow


go to service and will find many green trust can sell you cheap bitcoin

I don't think you will find a specific place where you can buy bitcoin at a lower value since bitcoin is always sold with the market price. If the market price goes up, the buying/selling price also goes up, and the other way around.

I can recommend that you can consider using exchanges such localbitcoins since the selling and buying of bitcoins is made easier using fiat currencies.

Its not like cheap but you can avoid extra charges when you decide to buy in local bitcoin. I have been using local bitcoins from the time i started using bitcoin and you will never get scammed there. Also you can find traders from your own region and use your region fiat to buy. Coinbase, bittrex is also a good exchanges.

Localbitcoin is the best place to buy but, you have to be patience to find seller's in need of fiat.

This is just one of the strategy where you can buy bitcoin below market rate. Beside this other seller's may be selling btc for profit.

Thanks

Bitcoin is actually need to be exchange , and all the price of exchangers are nearly the same . The best way to exchange bitcoin with the cheapest price is buy from guys in your local. You will have rights to down the price as much as you can if there is no compete. I knew some guys who make the profit in Bitcoin through this way.

Cheapest way to buy bitcoin is to buy from individuals within your reach because if it were to be an exchange a member on the forum, you can only open scam accusation and get the individual tagged if there is merit in your argument aside that there is nothing much to be done.

If its going to be from exchange sites, they have their reputation at stake so they probably wont scam you. But individuals one needs to be more careful in this era where people no longer care about means the moment money is involved.

Talking about escrow. If remitano is available for your country, you might want to consider them. I have been getting my coins ever since at the exact market price and at my fiat to USD exchange rate and I have never had any course to ever stop using them.

They basically use a solid escrow system and since it is a P2P exchange system, you can always check the profile of the person you want to make transaction with and how long and how much they have dealt so far.

There is no cheap nowadays, because it is getting more expensive every now and then. I vouch too for localbitcoin.com, where you can buy and sell you coin, you can buy not getting into an online exchange which make your transactions expensive, lessen the middleman therefore lessen the fee, then store it to your non exchange wallet and make some profit to it. By the way Good luck in finding out the cheapest way!

If you are interested in buying and selling then best option is localbitcoin.com as its working every where with escrow service also available and fees is also not bad at all you can post adds as well if you can use this service without any problem then must give a chance and start your own trading plate-forum easily 

Can anyone recommend new companies that offer cheaper way to buy Bitcoin ....?   Today is March 27, 2018.