How Do You Buy BTC?

I buy BTC from trusted members on this forum.
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Quote from: BowieMan on August 09, 2014, 05:36:56 PM

Quote from: Jeteroll on May 09, 2013, 03:30:12 AM

Hey guys, I was wondering how you buy bitcoins. What exchange/service do you use and why? I'm a newb and want to start buying some bitcoins and I'm leaning towards coinbase because of it's ease of payment, although I do not know how long it takes for bank transfers to complete. Gox is to centralized it seems, and getting money into Gox seems to be very hard, especially with Dwolla, which has many hoops on its own. I wish I could use a smaller exchange like Bitstamp, but I don't know how to easily deposit money there, and Bitinstant doesn't help much, I don't want to drive to do a cash deposit, and the fees are high. Thanks for your input Cheesy

-Jet

There are still only centralized exchanges as of now, even over 1 year after you posted this. I think some of the exchanges nowadays are actually rather trustworthy. I won't mind buying at BitStamp or Coinbase, Kraken... But there still are shady exchanges like BTC-e where it is completely unknown from where they even operate their exchange!

I would doubt that we will every see any kind of decentralized exchange. The closest thing that we have to a decentralized exchange is LBC face-to-face transactions and we all (hopefully) know how many scams are attempted with these kind of trades (and the likely amount of scams that are successful). As long as the exchange has a certain level of trust and users are smart enough to not leave coins on the exchange for excessive periods of time, having a central exchange is not necessarily a bad thing.

I try to use face to face trades whenever I can.

Thank you so much!!! Really helped

Mt. Gox another options for online trading.

But if you are in US, you can use dwolla because is the cheapest.

I amusing big exchanges like, bitstamp, coinbase.

I mainly use localbitcoins to buy bitcoin. When I want to buy some coins, I just find someone online there that has a good feedback, and the trade could be done within the day easily most of the time.

yes have had very good experiences with localbitcoin as a lot of other posters have said.

How do you think, which is the safest (including localbitcoins) ?

I used a bitcoin ATM today for the 1st time today Grin

and it was a very easy and fast way 2 buy coins. I used a Lammassu brand ATM and all I had to do was hold up my QR code up to the machine put in some fiat and coins were in wallet within 30 seconds, confirmation in 1 hour, too easy!!
I moved coins onto paper wallet straight away.
Safe coins within 2 hours .

So far the majority of the bitcoin I've purchased over the past 6 months has been from coinbase. Never had any issue(s) that weren't quickly resolved. Fee-yaat typically hits my bank account ~4 business days after I cash out the satoshi's.

You put FIAT into BTC with exchanges like Bitstamp, Kraken, BTC-e, other (not MT Gox Roll Eyes

)

Quote from: nwfella on August 15, 2014, 08:56:39 AM

I would like 2 do this but coinbase won't d do outside US bank account ttransfer. Buy or sell. Atm is still best for me

Quote from: bitkilo on August 16, 2014, 08:14:59 AM

Quote from: nwfella on August 15, 2014, 08:56:39 AM

I would like 2 do this but coinbase won't d do outside US bank account ttransfer. Buy or sell. Atm is still best for me

Yup Coinbase only serves US customers.
If you want to buy bitcoin outside US with bank transfer or SEPA, you could use Bitstamp.

Bitstamp or LocalBitcoins

I did my first transaction ever with localbitcoins, was really easy and fast, I would recommend it to anyone.