Bitcoin Forum

If I want to buy some bitcoin I have to get verified first and link a bank account. It is @#%^ing ridiculous.
If I ever buy bitcoin it will have to be in-person with someone who has them. Selling is the same deal.

Will we ever be able to buy and sell bitcoin easily?

You will soon be able to buy them at any 7-11 in the US.  Stay tuned.  Bitcoin is still growing.

You can buy and sell on the forums easily. People will take bank transfer. Just remember to use a trusted escrow.

coinbase is supposed to be fairly simple and quick.

wish everything in life was easy:(

Not that hard if you know where to buy them

We have to wait for more Bitcoin ATMs, you cannot build Rome in one day

I'm really looking forward to see where these pop up in the Uk next year.

Do the bitcoin atms take & dispense paper money?
I might have to make a trip into vancouver sometime if they do.

Heh, you should have seen it a few years ago. It was beyond miserable.

Yeah. There's a few different ATMs, so some may only accept cards or whatnot, but there's definitely ones that accept fiat. Not sure about ones that dispense fiat.

The one in Vancouver allows you to buy and sell Bitcoin. https://www.youtube.com/watch?v=YI4NAcSOqJM
This is epic win.

Very nice, hopefully more follows soon. But it is all about how quickly they can pay the ATM investment from fees...

I think debit cards are also coming soon.  You'll have lots of options soon enough.

It should be easier to verify our information in the exchanges, they always refuse my documents...

I think this is the single most important factor which dissuades the mainstream population from using Bitcoin. It definitely has the capacity for the same level of anonymity as cash transactions but sadly not the versatility.

Being able to use pre-paid Debit Cards to buy Bitcoins would be a great addition.

...... at epic fees to the buyer/seller, something like 10% on top of Gox last (most expensive price)

Have you tried localbitcoins.com?

And if you'r not living in the USA it's even more painful.
But as it get's accepted broadly this will improve.

www.localbitcoins.com

or just sell something and say "will accept payment in Bitcoins"

Whoever establishes itself as a market first for simplifying the crypto to cash process can look forward to joining the ranks of the big boys like Paypal and Amazon.

The exchanges are just trying to comply with current anti money laundering laws.  When you open a bank account you have to do the same thing.  The only difference here is you cannot just give them your lic to make a copy on the copier.  You actually have to send it into someone you do not see.  It comes down to trust.  If you are uneasy with that, then you are right you will have limited access.

Bitcoin needs an exchange unregulated by the laws of government.
That would really piss them off and it would be beautiful.

BTC is about freedom and no government control(over the currency at least),
exchanges are not.

Using government currency to buy BTC then sell for government currency,
not what BTC was designed for.

ATMs/Exchanges are junk... I want a BTC supermarket where I can buy my food/electronics with BTC, screw the governments money.

Also I want a part time job at said supermarket where I receive my paycheck in BTC.

Also How about some farmers/butchers who sell their produce to the supermarket for BTC?

That is where BTC should go, Not a secondary currency, A PRIMARY currency or a PREFERRED currency.

Bitcoin shouldn't totally replace fiat but it should be as easy to use as fiat.

You can use https://localbitcoins.com/

selling bitcoin is happy

Well ya, you will have to verify some info and link a bank account. If you want to be anonymous then use http://localbitcoins.com (http://localbitcoins.com) and see if anyone is fine with that.

I agree. One of the easiest ways to get started is to setup a wallet and then buy some BTC from a friend and have him send it to you. If you don't know anyone, coinbase is a decent option but they require a lot of personal information and waiting period to get verified. Localbitcoins would be another alternative worth looking into.

I recommend localbitcoins (buy only from seller with reputation).

The average citizen does not care whether or not their monetary supply is controlled by the government; the average person will at most only think about how easily they can move it, save it, spend it and what they can buy with it.


The quote Nicholas Cage in Lord of War, "This is small f-ing potatoes."

What about paying for your rent in Bitcoin? What about paying for your monthly insurance premium in Bitcoin? What about paying for large medical expenses in Bitcoin? What about saving for your child's college education and paying it in Bitcoin?

These things are ridiculously difficult to get a hand on from where I live. I don't even want to be able to cash them out in USD I just want to buy and hold onto them until a time when they are so mainstream I would be able to walk up to an atm and withdraw.

Easiest way. Takes forever to wire money and get your account verified. Easier to cash out this way though.

Bitcoin ATM to use for deposit and withdraw would be easiest solution, now it is really complicated to use the exchanges. There are only few Bitcoin ATMs so far, but I guess in next years it will be better

It's even more awkward in the UK unfortunately :/

Is there a British exchange anywhere?

I sure hope you are right sir. I have to agree with the OP.. I'm new to cryptocurrencies and I would love an easy way to buy some with my credit/debit card, with cash, with paypal or any other way I buy things online easily.. Unfortunately this is not the case especially for people who live in the US.. I was looking at BTC-e and it seems to me they've made it nearly impossible to deposit/withdraw money from/to the US...

This, everywhere only accepts US banks.

A year ago, there were 0 ATMs.
Adoption and ease of use will keep growing but this is a process ... it will not happen overnight.
For now, you either need to provide the requested documents or stick to in person trading.

Why does it seem like all these BTC companies are doing sketchy stuff?  I read all these stories about taking funds, or not depositing funds into an account after the exchange had the money for like weeks.

Isn't it hardto buy in person too, like when does the person send it to you and you give them the money?

Coinbase is probably the best you can probably get, although they are not an exchange themselves.

These Banks might making problems like freezing Bank account if they see suspicious activity.  Bank accounts are not perfect

But bitcoin is! ;D

That's not a promise that you can make.  The experience with localbitcoins vendors is likely to vary significantly between regions and vendors.

You need to find a reliable trade with good feedback, or it will still be a pain. :P
I remember reading a post here a week ago, that how ridiculous the localbitcoins escrow and support services are.

I too found it difficult to but bitcoins.  Handing money over and then trusting them to transfer was worrying.  There are a lot of factors that play into it.

Signing up for Coinbase is kinda of a pain, since they do require a lot of documentation and it takes about 5 days to initially attach it to your bank account then another 30 days to get to a point where it's all kinds of awesome.  Once you're all setup, you can buy up to 10 BTC instantly, like REALLY instantly, and it's fantastic.  When I was first starting out, and waiting for my Coinbase to confirm, I just used my friends account to buy BTC (deposited into his bank first, of course!), you might want to ask some of your close/IRL friends and see if any of them already have an account setup.

localbitcoins is a great alternative to this, if you don't want to wait that long or give out your personal information.  My experience with localbitcoins has been limited, but from my understanding, most/all exchanges are done using escrow (a middle man holds the funds until both parties have have confirmed the transaction) which can make the whole experience a lot safer.  Alternatively, you can use it to find people and meet up in person.  There is a few great write-ups about meeting in person, most of them caution you to use common sense… meet at a busy public location, stuff like that.

Lastly, there's always faucets for getting BTC.  They aren't fast, but they are free. :)

P.S.  DON'T GAMBLE WITH BITCOINS!  You'll regret it, I promise.

I was thinking about buying some bitcoin on localbitcoins, could anyone show me the link for that post?

Its not really that hard, if you know where to look for ;)
Anyways there is still a lot to improve, because it is not very noob friendly

Well if you live in the US it does not seem hard at all but in other parts of the world forget about it.

Anyone live in Florida, I'll be happy to meet up to sell you btc.

Just posting, because I must.

Here is their "official" thread:

https://bitcointalk.org/index.php?topic=86012.0

BTW, it is not very good but this site does have a SEARCH feature.  See the search box?

Also, there is a new web site called "Google" you can type in things like "localbitcoins" and they will find it for you.

I'm Canadian and I wish there was a way for me to buy btc or mbtc without having to go to the bank. I sucks that I would have bought btc when they were cheap if it wasn't so complicated, for example I rmb going to coinbase about a year ago but they didn't sell to Canadians.

I found one site that sells btc via e-banking transfer but because those transactions can apparently be reversed you can only buy up to .04 btc at a time and there is a significant fee built into the price.

What's the best way to buy btc while paying the lowest fee?

Several others have suggested LocalBitcoins.com (https://localbitcoins.com/?ch=pjj) and I would like to add my +1 to their suggestions.

I have made several BTC purchases from sellers via locabitcoins and each transaction has been completed in less than 2 minutes.

The slowest part was for me to type in my banking security details to my bank website to make the 'faster payment' transfer to the seller. The sellers always released the bitcoins to my localbitcoins account very quickly, within seconds. You can keep in contact with the seller as you proceed through the transaction via the chat window.

Each seller has an 'ebay' style feedback which is clearly visible along with the price that the BTC are being offered at.

For me, it couldn't be quicker or simpler to buy bitcoins using my bank account for funds at LocalBitcoins.com (https://localbitcoins.com/?ch=pjj).

LocalBitcoins is easiest way to buy Bitcoins, but the price at Exchanges is lower. But Im not confortable with the Exchange verification

Could you give us some addresses?

Coinjar painful to deposit cash at branch. It takes 1 day to update balance and 1 more day to buy bitcoin. Email support 48 hrs. total 2 days, and rate goes up.

I understand your frustration, in many countries it is difficult to purchase Bitcoin, it just depends on where you live.
In Canada you can simply walk up to an ATM and buy some Bitcoin with cash.  In Australia you can walk into a bank and deposit directly into the exchanges bank account and have your Bitcoin in minutes.  As Bitcoin becomes more widespread you will find it easier to obtain.

Seems interesting, at any ATM or just few Bitcoin ATMs ?

+1

If you can buy a gift card an use it anonymously anywhere, denying bitcoin the same treatment can serve only one purpose -- to protect the financial system monopolies, namely the visa and mastercard networks.

There is a post here saying we will soon be able to buy at 7-11s.  Hope that is true.

I use VirWoX but it is very limited on how much you can buy and it is extremely annoying to lose money changing around currencies.

Localbitcoins might be pain-free if you find reputable seller with many successfull trades. Use the exchanges if you want actually trade

You could look for a seller on Local Bitcoins who will allow payment with something reversible like credit card funded PayPal for the added peace of mind. Start small and increase the size of your transactions as you build trust with your seller. Even if someone has 100+ positive feedback, it's possible their account may have been hacked, especially if things seem too good to be true (e.g. a price substantially below that on the exchanges). It never hurts to be safe using a reversible payment method and starting with smaller sized transactions until you gain confidence with your seller. Even if you can get your money back by using something reversible, I really don't think it is worth the risk to transact with someone having no or very low feedback.

This is just at a few select ATMs and only in the province of BC so far I believe.

yes that is a fact that if buy bitcoin for the cash that will be the most simplest way and the most easiest tension free method of buy bitcoin.

Ya, if you live near each other. I am luck I know a guys two cities over so its fine for me but some people will have to travel pretty far to buy with cash.

Localbitcoins.com -- choose that you want to buy in person.. it's a pretty decent setup:

1. you choose to buy in person from someone local.  you agree on price/exchange rate and a place to meet
2. localbitcoins.com gives you a secret code
3. person selling you bitcoins transfers bitcoins into localbitcoins.com custody.
4. that person then gets the same secret code you already have.  When they can tell you the secret code, you know that the bitcoins are being held by localbitcoins.com.
5. you meet in person.  You flash the cash.  Seller then releases bitcoins from his phone by confirming he has the cash to localbitcoins.com site.
6. then you're both good.

There are lots of online deals and cash deposits into random accounts etc..  That set up definitely DOES work (cashintocoins.com -- no "www"), but doing it with someone you don't know scares the crap out of me, as you are basically completely trusting them to release your bitcoin.

hope this helps.

i made a cash deposit with cashintocoins last week. i am still waiting on my bitcoin, they email me with different user names say "it will come tomorrow" it been past 1 week now. SCAMMMMMMMMM

Upon "Asking" when Release Time would they resolve with a reply "Tomorrow"  next day Sorry you will get it "Tomorrow"  SCAMMMMMM

do no trust these guys FAKE REVIEWS       SCAMMMMm

cashintocoins.com is a scam, never trust a stranger with your money

That is why you mine!

And then make 0.0000001 BTC per day. Dont worry! In only 100 million days you will get a bitcoin!

Localbitcoins and coinbase is the best way to buy bitcoins if you are in US.

There's one in downtown Toronto now, too.

You forgot to take the uprising difficulty into consideration lol.  ;)

Agree.

You can use localbitcoins if you don't want to do ID verification, or you want to do a cash trade near you. :)

If you buy asic, you can get the Bitcoin equivalent in about one year. But worse price than even localbitcoins.

Great necro posting.

But you was online and interested obv

I get email notifications for all topics I post on, and I always check posts. I realized that this was like 2-3 months old, and you just started it again.

Oh I see, it is exactly 2 months old, thought February 06, 2014 is today. I got this thread from search and english is not my first language (February mistaken). Nevermind

DW about it. Its just that this thread was really offtopic at some points and it kind of got annoying to see replies.

I think this thread has some good points, at least it helped me.

Yes, it does have good points but the same things are repeated over and over and over and over and over and over and over again.

Welcome to Bitcointalk.

Almost everything related to bitcoin is typed 10 billion times.
It gets tiresome even reading posts.

This and 3 other threads are the most irritating ones EVER.

The "Will bitcoin reach $1000 one day" thread on newbie talk that keeps reviving itself even though bitcoin already exceeded $1000.
 
I've not seen any form of forum moderation here. Don't get me wrong, I LOVE the freedom, just stating a observance.

Yep, thats one of them. There is also the PD signature campaign which has around 100 pages of useless posting.

The moderators don't deal with shitty repetitive posts - they only remove spam and fairly obvious off topic responses which have no merit whatsoever. I don't see it as a big deal, most people tend to post better and more informative opinions after they had time to learn until then they're destined to make posts we consider rather stupid.

We're working on it over at Coin Market. Verification only takes about 2 minutes, give it a shot.

https://coinmkt.com (https://coinmkt.com)

i think it is no a big deal if you know other ways to buy bitcoin  -just read more about them! And more  else -this situation will change soon! It would be as easy as to buy food

is not that bad buying bitcoin in this forum there is trust user and you can trade with them BTC just you can remeber use a trustable escrow also before you buy see the experiences of other users buying on this forum, you should be careful there is a lot of scamers as well.

There is reason why they have to ask for this, stolen CC, its to protect you and  more of them because they have no way to know if your CC is stolen or not.