Bitcoin Forum

Other => Beginners & Help => Topic started by: fatigue on February 12, 2014, 09:43:00 PM



Title: Buying BTC after the swing
Post by: fatigue on February 12, 2014, 09:43:00 PM
What's my best option with cash in hand after this recent swing? LocalBitcoins is still running pretty high exchange rates for smaller amounts ($50ish).


Title: Re: Buying BTC after the swing
Post by: Sonny on February 12, 2014, 10:04:34 PM
What's my best option with cash in hand after this recent swing? LocalBitcoins is still running pretty high exchange rates for smaller amounts ($50ish).

Maybe try to do the ID verifications for coinbase/bitstamp. It will take several days at least, so you should do it now and hope the opportunity is still there after you get verified :P


Title: Re: Buying BTC after the swing
Post by: chocomav on February 14, 2014, 08:52:19 PM
Coinbase is a really convenient option as you can link your bank account directly. You should test it by trying to buy small amount first because their automated bots sometimes cancel your purchases based on certain patterns. Their customer support is very helpful and will help you to override the bot cancellations. Once you are whitelisted, then you are ready to take advantage of the next bitcoin price dip buying opportunities.