1.how do I purchase bit coins?
The factors that matter in order to give you the best answer include:
- Where are you located (country)?
- How much are you looking to buy?
- What payment methods do you have available?
- How soon do you need access to the proceeds?
- Is privacy important?
3. I have B.o.a and they won't let me transfer funds,so how do I?
If that is Bank of America, then you have a few options.
You can use BitInstant to do a cash deposit method directly to a bitcoin address.
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http://www.BitInstant.comThen you visit B of A, withdraw cash from your account and then deposit that cash into the account provided on the BitInstant receipt that you printed out.
If you are buying $500 or more, there are direct sellers which charge a lesser fee.
If you want the cheapest method and have oodles of time, then set up an account with Dwolla and use them to transfer funds from your B of A account, and then send those funds to an exchange. There are a lot of steps in this method, but if you will be buying often, this is a good way to go.
You might wish to do a local trade instead:
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http://www.LocalBitcoins.comThere is a fairly comprehensive list of options compiled here:
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http://en.bitcoin.it/wiki/Buying_bitcoins4. I need a ewallet guide for dummies as I mainly use my smartphone.
An Android smartphone? Bitcoin Spinner is pretty intuitive.
Don't overlook security. Now for walking around amounts of money, an app on a smartphone (with a backup of the private keys) is probably sufficient. If you are holding bitcoins for investment, storing them on a wallet on a mobile phone is not the wisest thing to do.
For that, an offline wallet or other measures can help keep your funds secure.