How to buy bitcoin?

[Lee-2017]

Some friends and I decided to buy bitcoin becasue we want to buy into one of those ICOs. This task should be simple but we're almost giving up.

Localbitcoin or similar services want 4% commission (that's $160 at $4k/bitcoin). Sounds a bit high or is it normal?

We tried to use credit card on some websties but the transactions get declined by the banks stating they do not do business with bitcoin. We will have to do EFT @ $60 fee per transfer.

Then the question: bitstamp.net and wex.nz are $500 off per bitcoin, we can make money buying on one exchange selling on another.

What is the simplest most secure way to buy bitcoin and where is the best place to do so?

[TheCoinFinder]

Coinbase is one the secure wallet, there you can easily buy higher amounts of bitcoins with credit card.
Another way to buy for less fee is to create a thread in currency exchange board,may be someone shall accept your card payment in exchange of btc.

[Razerglass]

Some friends and I decided to buy bitcoin becasue we want to buy into one of those ICOs. This task should be simple but we're almost giving up.

Localbitcoin or similar services want 4% commission (that's $160 at $4k/bitcoin). Sounds a bit high or is it normal?

We tried to use credit card on some websties but the transactions get declined by the banks stating they do not do business with bitcoin. We will have to do EFT @ $60 fee per transfer.

Then the question: bitstamp.net and wex.nz are $500 off per bitcoin, we can make money buying on one exchange selling on another.

What is the simplest most secure way to buy bitcoin and where is the best place to do so?

First look for reliable exchange services  and try to pass full verification before depositing single penny(try cex.io).Later buy whatever coin you want.It is not rocket science

[Lee-2017]

I signed up at coinbase and made a purchase. Their commission was more than 4% though.

Why do the ICOs want us to go via bitcoin? why wouldn't they take credit card payment directly? I'm sure thee-commerce part of a website is standard off the shelf so it can't be offsetting the financial part

[krack-r]

I signed up at coinbase and made a purchase. Their commission was more than 4% though.

Why do the ICOs want us to go via bitcoin? why wouldn't they take credit card payment directly? I'm sure thee-commerce part of a website is standard off the shelf so it can't be offsetting the financial part

Coinbase commission is 10% and above.

[cpfreeplz]

Coinbase is one the secure wallet, there you can easily buy higher amounts of bitcoins with credit card.
Another way to buy for less fee is to create a thread in currency exchange board,may be someone shall accept your card payment in exchange of btc.

If you use coinbase you'll be guaranteed to miss the ICO completely. It takes them weeks just to send you the bitcoin you purchased lol!

I signed up at coinbase and made a purchase. Their commission was more than 4% though.

Why do the ICOs want us to go via bitcoin? why wouldn't they take credit card payment directly? I'm sure thee-commerce part of a website is standard off the shelf so it can't be offsetting the financial part

They want cryptocurrency because you can't get the coins back. If they end up not following through it's not a big deal to them. They already have your money.

[warningsigns]

I signed up at coinbase and made a purchase. Their commission was more than 4% though.

Why do the ICOs want us to go via bitcoin? why wouldn't they take credit card payment directly? I'm sure thee-commerce part of a website is standard off the shelf so it can't be offsetting the financial part

Perhaps because they know that you could charge back the amount later if the ICO fails to achieve expected results. Or perhaps they want to be sure the credit card payment is a legitimate one. A fraudulent one would put a dent on their project's funding spreadsheet.

Bitcoin is final and irrevocable which is why they prefer it.

[Lee-2017]

Coinbase: when I purchased, it said the coins are in my wallet "instantly". When I read your message about missing out due to delays, I did a withdrawal from coinbase to my local wallet and it came through in a few seconds.

What did you mean by missing out?


Cex.io fell in the same basket as Kraken.com in reviews: people seem to be coming to b$tch about them on bitcoin talk in order to get their support tickets resolved and both have reduced their functionalities to reduce the work load. Didn't seem too shiny.