Bitcoin Forum

Other => Beginners & Help => Topic started by: lwoodsusa on September 09, 2018, 03:11:45 PM



Title: Simplest Question: Where do I deposit my US$?
Post by: lwoodsusa on September 09, 2018, 03:11:45 PM
I have NEVER seen such a poorly introduced system.  EVERY article that I read assumes that I already have some Bitcoins and I want to buy something.  Great, but how do I initially set up the Bitcoin account with some "physical" money?  Never addressed in articles that I have read.  For example, I have $1000US that I want to convert into Bitcoin so that I can buy something using Bitcoins.  HOW?????


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: OmegaStarScream on September 09, 2018, 07:36:38 PM
It's not that hard If you're using the right exchanges, the UI itself should be self explanatory. Assuming that you live in the U.S or EU, I suggest the following exchanges: Coinbase (best option probably), Gemini, Bitstamp, Bitfinex, Coinmama, BitPanda. (depends in your preferences when it comes to the payment methods).


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: mekie on September 09, 2018, 07:58:24 PM
It is dependant on your location. You can buy on Local Bitcoin or exchanges (just remember never leave your crypto on an exchange, always move to a hard wallet.) There are many exchanges I use Kucoin, Kraken and a couple of others.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: rosemary4u on September 09, 2018, 08:53:46 PM
There are several avenues to convert your fiat currency to bitcoin, it all depends on your locality or country of residence. For instance, coinbase is a good website for anyone who is in US to buy or sell bitcoin, there are also other avenues such as escrows where you can easily buy bitcoin in most countries.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: pooya87 on September 10, 2018, 02:18:03 AM
those articles you read don't get into it because it is obvious and it would be off-topic to explain such an obvious thing!

lets say you want to go to Japan as a tourist and spend some money. on a website explaining the tourists spots and places where you can go and spend money is not going to also explain how you can convert your USD to JPY, they won't tell you "where you should deposit your US$"!!!
so the real question is, why do you expect a different approach for bitcoin? and why do you want to be told how to convert your USD to another currency called BTC while you don't ask the same question when it comes to JPY? the place where you do the conversion is also called the same: a currency exchange.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: togamamora on September 10, 2018, 03:15:40 AM
There are crypto exchanges be it market trade or OTC that accept fiat or credit card deposit.  In some parts of the world, you can even find bitcoin atm machine where you can deposit fiat and get bitcoin into your wallet.  Simple solution, nothing complicated.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: SatochiPikachumoto on September 10, 2018, 03:20:50 AM
May you've been using wrong terms to search?

I believe there are dozen if not hundred guides on "how to buy bitcoin" out there, and not buy stuff with bitcoin for sure.

To answer your question, getting FIAT to crypto has so many ways to do.

Some providers can even accept credit card, exchanging your bills to crypto.

Basic way would be to register on an Exchange like Bitfinex.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Ava Duvall on September 11, 2018, 04:18:07 AM
There are crypto exchanges be it market trade or OTC that accept fiat or credit card deposit.  In some parts of the world, you can even find bitcoin atm machine where you can deposit fiat and get bitcoin into your wallet.  Simple solution, nothing complicated.
I agree, exchanges are the best way to go


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: HabBear on September 11, 2018, 04:55:38 AM
I have NEVER seen such a poorly introduced system.  EVERY article that I read assumes that I already have some Bitcoins and I want to buy something.  Great, but how do I initially set up the Bitcoin account with some "physical" money?  Never addressed in articles that I have read.  For example, I have $1000US that I want to convert into Bitcoin so that I can buy something using Bitcoins.  HOW?????

Poorly introduced system? What are you talking about?

The answer you seek is HERE. (http://bfy.tw/Jp3H)

If your $1000 is in paper fiat you'll need to wire it to one of the exchanges. Alternatively, you could try to buy BTC from a BTC ATM or LocalBitcoins.com, but you'll get a terrible price.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: qwirtiii on September 11, 2018, 07:19:45 AM
I have NEVER seen such a poorly introduced system.  EVERY article that I read assumes that I already have some Bitcoins and I want to buy something.  Great, but how do I initially set up the Bitcoin account with some "physical" money?  Never addressed in articles that I have read.  For example, I have $1000US that I want to convert into Bitcoin so that I can buy something using Bitcoins.  HOW?????

Actually i dont know too😂😂 . I dont have experience yet to buy bitcoin and i dont know where i can buy it. All I know is if you got bitcoin you must secure your wallet and dont let anyone know your password remember all people is being different when it comes to money.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: tot-o on September 11, 2018, 07:52:46 AM
Try the greenwallet wherein you need to put your money on it and it's dollar from there you can easily convert it to Bitcoin .... Where is your location anyway so we could suggest better.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: avikz on September 11, 2018, 08:29:03 AM
I have NEVER seen such a poorly introduced system.  EVERY article that I read assumes that I already have some Bitcoins and I want to buy something.  Great, but how do I initially set up the Bitcoin account with some "physical" money?  Never addressed in articles that I have read.  For example, I have $1000US that I want to convert into Bitcoin so that I can buy something using Bitcoins.  HOW?????

Without looking back, lets start solving your issue now. There are exchange services available for you to buy bitcoin using your physical money. Visit "Coinbase" and create an account. Coinbase allows you to buy bitcoin using the physical money and they also provide a wallet service to hold your bitcoins. So take their service to buy and store bitcoins.

I have found a nice video which can help you to understand the coinbase service,

https://www.youtube.com/watch?v=dZv6FLX4NRE

Once you see the bitcoins in your wallet, you are all set to use the wallet and make payment wherever it is accepted!


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Plumbank on September 12, 2018, 06:34:04 PM
You can invest on bitcoin and for security you can use hardware wallet and you can use Coinbase, Gemini, Bitfinex these exchange.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: liripoop on September 12, 2018, 07:19:28 PM
There are a lot of exchanges to choose from but the trick is to look for the right one that fits according to your needs. also see what are supported and legalized in your country and then make a move.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: coly20032003 on September 12, 2018, 07:32:08 PM
When I just start with my bitcoin investment, I was using coinbase. I find it pretty easy to use. I transferred USD money from my bank account to coinbase, and once the money arrives, I started to buy bitcoin and ETH with it. You can sell bitcoin there and get your money back as well.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Silentsweeper785 on September 12, 2018, 07:50:03 PM
It will depend on where you live and what sort of exchanges are offered in your country. At the same time make sure that you do check for the authenticity and at the same time see that theya are legit or not.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Silentsweeper785 on September 12, 2018, 08:47:41 PM
You just need to get the right exchanges that are approve in your country. For example, the people in the US, Coinbase would be the perfect one for them. See what is legalized in your country and then go for it.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: liripoop on September 12, 2018, 09:16:32 PM
Rather than whinning here writing a simple question, which is "how to buy Bitcoin" on google would have come up with at least more than 100 answers which all explains how you can lay your hand on a Bitcoin. But, if you are so lazy to do so, just open an account on any of the exchanges and you'll know what I am talking about.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: yogg on September 12, 2018, 10:28:12 PM
In fact, you do not put $$$ "in the system".

You need to download a bitcoin wallet, such as Electrum (https://electrum.org/) and then you need to buy some bitcoins on an exchange.
You will pay with real money there.

Then, you will be able to withdraw these bitcoins from your account on the exchange to your wallet. These bitcoins can then be sent to any address that belongs to whatever seller you want. :)

However, I highly advise you to read a lot about how to safely store your bitcoins if you start investing serious money into it.
Get yourself a Trezor or Ledger wallet. :) This will save you a lot of hassle especially if you are a beginner !


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Velkro on September 12, 2018, 10:43:05 PM
I have NEVER seen such a poorly introduced system.  EVERY article that I read assumes that I already have some Bitcoins and I want to buy something.  Great, but how do I initially set up the Bitcoin account with some "physical" money?  Never addressed in articles that I have read.  For example, I have $1000US that I want to convert into Bitcoin so that I can buy something using Bitcoins.  HOW?????
Thats true almost nobody starts from that where to buy bitcoins but answer is very simple. Exchanges.
Locate one within your country, choose reputable one, then you deposit $ on exchange and exchange it for bitcoins. Then youy send bitcoins from exchange to your wallet software one/online one or mobile one or hardware one :P there a lot of different wallets.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Vipersia on September 13, 2018, 02:18:02 PM
For exchanging, there are many sites to be used which are based on the locations. It's actually not that hard if you can find your preferred platform for it. Coinbase, Gemini, Bitstamp, Bitfinnex, Coinmama these are the preferred sites by the expertise. Try these out to get rid of your simple problem and smile.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: BlackFly on September 13, 2018, 02:56:25 PM
It isn't so much that hard If you're utilizing the correct trades, the UI itself ought to act naturally illustrative. Expecting that you live in the U.S or EU, I propose the accompanying trades: Coinbase (best alternative most likely), Gemini, Bitstamp, Bitfinex.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: HiddenPrincess on September 13, 2018, 03:12:28 PM
There are crypto trades be it advertise exchange or OTC that acknowledge fiat or charge card store. In a few sections of the world, you can even discover bitcoin atm machine where you can store fiat and get bitcoin into your wallet. The straightforward arrangement, not all that much.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: MarbleAlligator on September 13, 2018, 03:21:20 PM
There are a few roads to change over your fiat cash to bitcoin, everything relies upon your territory or nation of home. For example, coinbase is a decent site for any individual who is in the US to purchase or offer bitcoin, there are additionally different roads, for example, escrows where you can without much of a stretch purchase bitcoin in many nations.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Jaguwar6 on September 13, 2018, 03:24:31 PM
It depends on your location. Diffenrent coutries have different options to convert fiat currency to bitcoin. Just search on google on the basis of your location and you will find your answer. It is a very simple process.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: CrashLamb on September 13, 2018, 03:27:44 PM
At first you have to know that is bitcoin legal in your country or not?. If bitcoin is legal in your country then you can exchange your money to bitcoin by using exchanger. For instance coinbase is very popular in US. There are even ATM machines for bitcoin also. Do a small research for yoursef and you will get the answers.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: BattleHippo on September 13, 2018, 03:40:28 PM
The answer of your question is depending on where you live brother. There are lots of ways you can buy bitcoin. Just google it and you will get it. Just make sure that bitcoin is legal in your country.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Andrew1337 on September 13, 2018, 03:59:14 PM
You need to go on a exchange where you exchange there the fiat to BTC . First you need a SEPA account and a kraken exchange account . Then you can buy every crypto you want also you can buy RPB


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: BattleHippo on September 13, 2018, 05:19:38 PM
I would recommend you to use Coinbase if you want to deposit your US$ in the most easiest and efficient way. The process is not hard at all. So give it a try.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: AngryPanther on September 13, 2018, 05:22:20 PM
"My first purchase with Bitcoin was about a year ago on eGifter.Now I want to use BTC to buy
directly from Overstock.com but due to Coinbase's issues, Overstock's Bitcoin option is down
all the time.
"


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: OgNasty on September 13, 2018, 05:25:21 PM
Yours is a common complaint I hear about Bitcoin. What you need to understand is that itís a failure of your USD to be so regulated and mutable that places have a hard time accepting it in exchange for crypto.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: CrazyHarpy on September 13, 2018, 05:37:35 PM
"I used Coinbase many times to convert USD to BTC and never had any issue so far. But I've
heard that many people have complaints about it and some of them said that Coinbase could
become the next MTGox.
"


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: engrawaz on September 13, 2018, 05:46:59 PM
If you have ever bought anything online then you should not have a problem using this website www.coinbase.com, It is like NYSE of crypto exchanges.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: bitcoinminer566 on September 13, 2018, 05:52:36 PM
"For me, Gemini seems to be pretty decent because it allows high deposit and withdrawal limits
with lowest fees. But the problem is that I submitted all my info and it's been almost a month
already and they still didn't approve me. I think it takes long time otherwise it's fantastic.
"


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: BitcoinMaster555 on September 13, 2018, 06:06:46 PM
The main thing is you have to use your credit card if you want to convert your fiat currency to bitcoin. There are many websites and wallets that will allow you to convert your money to bitcoin.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: CanyonsBull on September 13, 2018, 06:13:05 PM
You can use LocalBitcoins to convert your traditional currency to bitcoin. Itís a very easy method. Just visit the LocalBitcoins website and find the seller near you and give the money to the sellerís account. Then you have to upload the receipt and you will receive bitcoin 😊. This is the best way.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Horraygram on September 13, 2018, 06:20:42 PM
There are various ways that will help you to get the bitcoin by using the money. You can use Bitit Cryptocurrency Marketplace, Cancoin P2P Crypto Exchange, Paxful Cryptocurrency Marketplace, Wall of Coins to receive bitcoin using your cash.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Harlot on September 13, 2018, 06:36:04 PM
It looks like you are new in the world of Bitcoin. I suggest that you start finding a local Bitcoin wallet provider that accepts the fiat currency your country have. This is the easiest way to convert what fiat money you have to Bitcoin and it goes in a lot of ways from bank deposits to even 7/11 counter payments for some local Bitcoin wallet. Funding your Bitcoin wallet will depend on what options they have made available to you and local wallet providers often has the easiest and the most options to fund your wallet.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: piterbrat040717 on September 13, 2018, 06:41:36 PM
There are four main ways which can suit the Belarusian residents.

1. Through the cryptoexchange (for example, Yobit);
2. Purchase of cryptocurrency "from hands";
3. Through the electronic money allowed in Belarus;
4. Purchase of futures for cryptocurrencies.
5. All of them work also for the return operation ó sale of cryptocurrency.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: sidneycrypto6 on September 13, 2018, 08:12:37 PM
First of all you have to find a seller who wants to sell bitcoins or make any exchanges. But if you do not find any seller then get help from this website brother https://www.buybitcoinworldwide.com/en/buy-bitcoins-with-cash/


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: MoneyCryptor520 on September 13, 2018, 08:28:49 PM
this is a very huge platform and there is lots and lots of options are available here so it depends on the place where you stay and what are your requirements so I would suggest you to analyzed the market fast so that you could made your decision


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Muhammedayo on September 13, 2018, 08:30:23 PM
It's easy ,open a Coinbase account ,transfer your fund (USD ) there and exchange for BTC.

You can now transfer the BTC to any exchange of your choice to trade altcoins.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: AutisticKid007 on September 13, 2018, 08:53:23 PM
It is dependant on your location. There are several avenues to convert your fiat currency to bitcoin. For instance, coinbase is a good website for anyone who is in US to buy or sell bitcoin.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: YellowRose on September 13, 2018, 09:17:56 PM
Here are more website to convert your fiat currency to bitcoin.It is dependant on your location. I am use coinbase for convert fiat currency. coinbase is a good website for anyone who is in US to buy or sell bitcoin.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: EveningGull on September 13, 2018, 09:30:34 PM
It is dependant on your location. There are many exchanges i am use coinbase. you can also use coinbase because it is easily bitcoin convert with fiat currency. it is also secure and reputable site for convert currency.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Woodpecan on September 13, 2018, 09:41:56 PM
There are a few policy to change over your fiat cash to bitcoin, everything relies upon your area or nation of living arrangement. For example coinbase is a decent site for any individual who is in US to purchase or offer bitcoin there are additionally different roads, for example escrows where you can undoubtedly purchase bitcoin in many nations.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Demonster on September 13, 2018, 10:11:42 PM
It may be that you can not find the investment structure of Bitcoin in the whitepaper. But I think there are so many websites where you can find the way to buy Bitcoin. If you search for it then you will easily find the process of buying Bitcoin.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Vikingkong on September 13, 2018, 10:26:28 PM
If you want to invest in bitcoin, you will find that there are various kinds of crypto exchanges in the market. In some parts of the world, you will get an Bitcoin ATM where you can order your Bitcoin for your wallet.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: BlackCat3 on September 13, 2018, 10:38:20 PM
The whitepaper that you read may not be clearly explained. If you want to know how to invest in Bitcoin, you can search for them online. Where you will be told all kinds of investment in Bitcoin.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: Ardavan2150 on September 13, 2018, 10:58:16 PM
I have NEVER seen such a poorly introduced system.  EVERY article that I read assumes that I already have some Bitcoins and I want to buy something.  Great, but how do I initially set up the Bitcoin account with some "physical" money?  Never addressed in articles that I have read.  For example, I have $1000US that I want to convert into Bitcoin so that I can buy something using Bitcoins.  HOW?????

I think the easiest and safest way it Coinbase. You can easily create an account. Do a little short know your customer. and then link your checking back accounts.
Some other sites do the same thing but I don't know how well. Coinbase also has fantastic costumer service which is a big +


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: LakePython on September 13, 2018, 11:19:34 PM
Well come in crypto market. I think Google can help you to know the correct information. I think search in Google and its give you the exact information.be safe from dangerous site and keep your money safe.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: PoliteHyena on September 13, 2018, 11:32:13 PM
Well come in crypto advertise. I think Google can assist you to know the right data. I think look in Google and its grant you the precise information.be secure from perilous location and keep your cash secure


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: CrownKit on September 13, 2018, 11:45:08 PM
Well come in crypto showcase. I think Google can assist you to know the right data. I think look in Google and its donate you the precise information.be secure from perilous location and keep your cash secure.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: BlueBruiser on September 14, 2018, 11:05:07 AM
That's not tough job to deposit fiat to bitcoin. But you need to careful when you deposit your fiat to bitcoin becasue there are many fraud available online.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: CandyCoconut on September 14, 2018, 11:35:03 AM
You can use different types of exchanges there are many exchanges. There are many exchanges which are used in US and other Europe countries. They are bitpanda , coinbase, bitfinex you can use as your own choice.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: StormHunter on September 14, 2018, 04:22:37 PM
If the crypto is bitcoin then bitcoin ATM should be the best place to deposit if it's avaiable nearby. Also you can be use any trusted exchanger to deposit your $ to crypto.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: DimBug on September 14, 2018, 04:37:14 PM
The articles you read didnít give you the information because you have searched it wrong you searched how to use bitcoin but not specifically how to convert hard money to bitcoin. The process is so obvious so it is not in such articles.


Title: Re: Simplest Question: Where do I deposit my US$?
Post by: yesyes18 on September 16, 2018, 08:12:33 PM
Oh there are so many portal for you to learn. I think what you need to do is to read FAQS first whenever you enter any websites. There you might fund answers to some of the most commin questions that are asked at the website. Also you can go to the beginners section of this forum to learn more about anything you want.