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Author Topic: Preferred method of buying Bitcoin??  (Read 2342 times)
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September 17, 2016, 09:48:01 AM
 #41

I really dont like to give my KYC to some unknown company for just buying some bitcoin. The idea had put me off in the first place. Hence I prefer to buy from my local marketplace where I can get good deals for trading both fiat and bitcoin and also altcoins.

Me too, sometimes  I am not comfortable giving my details to some people. I would prefer to buy or set a buying price in an exchange. Since  I am also in trading, I  can buy anytime from exchanges  and its convenient for because my  money is already on exchanges wallet.

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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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September 17, 2016, 12:48:24 PM
 #42


I've been trying to read about "safe" "secure" and "mainstream" (lots of people use it, proves it works) ways of buying bitcoin. 

What's your opinion Coinbase?  I mention this because I've heard lots of horror stories pop up, even recently regarding hiccups and accounts being wrongfully charged or wrongfully closed, enough for me to think twice.


What do most of you all use?  There's also https://localbitcoins.com but I rather not deal in such ways.

I don't know, any how, what methods do you guys use that you consider reliable? safe?  That you've found relatively "dependable" so to speak?


I've been wanting to mine for years, but waited too long, and then boom!  Now bitcoin has taken off to extreme levels, and we're on the brink of the halving.. thus I at least rather have some then none by now.

Thanks in advance!

Buying bitcoins is still risky and expensive and this is a major problem.

You can add purse.io to your list.There you can get bitcoins without ID verification.

Coinbase is a decent option,but they ban accounts used for gambling. Sad

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September 17, 2016, 07:05:22 PM
 #43


I've been trying to read about "safe" "secure" and "mainstream" (lots of people use it, proves it works) ways of buying bitcoin. 

What's your opinion Coinbase?  I mention this because I've heard lots of horror stories pop up, even recently regarding hiccups and accounts being wrongfully charged or wrongfully closed, enough for me to think twice.


What do most of you all use?  There's also https://localbitcoins.com but I rather not deal in such ways.

I don't know, any how, what methods do you guys use that you consider reliable? safe?  That you've found relatively "dependable" so to speak?


I've been wanting to mine for years, but waited too long, and then boom!  Now bitcoin has taken off to extreme levels, and we're on the brink of the halving.. thus I at least rather have some then none by now.

Thanks in advance!

Buying bitcoins is still risky and expensive and this is a major problem.

You can add purse.io to your list.There you can get bitcoins without ID verification.

Coinbase is a decent option,but they ban accounts used for gambling. Sad

I am not sure if I understand you. How is buying bitcoins risky. There are plenty of reputable exchanges where you can deposit money and buy bitcoins.
Just make sure to withdraw your coins to your hardcore wallet.
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September 17, 2016, 09:38:04 PM
 #44

I have not any account at localbitcoins but still it is better as one of my friend is using it and according to him it work much better, But I often buy bitcoins from poloniex and bitstamp etc as I have experience at there and feeling convenience at there.

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September 17, 2016, 10:06:44 PM
 #45

i used localbitcoin and also our local exchanger for trading bitcoin, the different between them is on fee, i prefer to used localbitcoin than exchanger due to the seller that i found on localbitcoin has small fee's than exchanger has, fast service and trusted. Never had experienced with the coinbase before btw.
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September 17, 2016, 10:55:27 PM
 #46

Coinbase seems to be the best. Well once you get through the initial verification stage. Limits are a bitch though, gotta let your account age before you can buy a whole lot.
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September 18, 2016, 12:33:01 AM
 #47

I really dont like to give my KYC to some unknown company for just buying some bitcoin. The idea had put me off in the first place. Hence I prefer to buy from my local marketplace where I can get good deals for trading both fiat and bitcoin and also altcoins.

Me too, sometimes  I am not comfortable giving my details to some people. I would prefer to buy or set a buying price in an exchange. Since  I am also in trading, I  can buy anytime from exchanges  and its convenient for because my  money is already on exchanges wallet.

You are on your right to do what you want but in my opinion you are changing a problem for another, the exchanges have proven again and again that are not safe, is possible that a hacker already has the info of a lot of the customers of some of the exchanges that have been hacked

This is why I prefer face to face deals, but obviously these kinds of meetings carry their own problems as well, so we must do whatever we feel more comfortable with

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September 18, 2016, 01:47:56 AM
 #48


I've been trying to read about "safe" "secure" and "mainstream" (lots of people use it, proves it works) ways of buying bitcoin. 

What's your opinion Coinbase?  I mention this because I've heard lots of horror stories pop up, even recently regarding hiccups and accounts being wrongfully charged or wrongfully closed, enough for me to think twice.


What do most of you all use?  There's also https://localbitcoins.com but I rather not deal in such ways.

I don't know, any how, what methods do you guys use that you consider reliable? safe?  That you've found relatively "dependable" so to speak?


I've been wanting to mine for years, but waited too long, and then boom!  Now bitcoin has taken off to extreme levels, and we're on the brink of the halving.. thus I at least rather have some then none by now.

Thanks in advance!

Buying bitcoins is still risky and expensive and this is a major problem.

You can add purse.io to your list.There you can get bitcoins without ID verification.

Coinbase is a decent option,but they ban accounts used for gambling. Sad
What can make buying bitcoin is risky in this time? What can make buying bitcoin is so expensive in this time? if you're wanna using some of your efforts I think you can moving your bitcoin into the another wallet. and you can doing a gambling for anytime you want it.

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September 18, 2016, 01:55:55 AM
Last edit: September 18, 2016, 03:14:31 AM by densuj
 #49

I used deposit on the market for buying bitcoin, actually it is more safe,fast method for me, than buy and sell bitcoins used method payment processors (reversible services) and it is dangerous without escrow.
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September 18, 2016, 02:03:39 AM
 #50

Coinbase seems to be the best. Well once you get through the initial verification stage. Limits are a bitch though, gotta let your account age before you can buy a whole lot.

im nver use coinbase because coinbase exchanger not avaible in my country.
Im use localbitcoin and bit-X, it's trusted service too.
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September 18, 2016, 02:11:06 AM
 #51

i have my local site that sell bitcoins or when i want it instantly , that site already have some partner which i think they are safe and i never get problem to buy some bitcoins
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October 21, 2016, 09:41:47 AM
 #52


I've been trying to read about "safe" "secure" and "mainstream" (lots of people use it, proves it works) ways of buying bitcoin. 

What's your opinion Coinbase?  I mention this because I've heard lots of horror stories pop up, even recently regarding hiccups and accounts being wrongfully charged or wrongfully closed, enough for me to think twice.


What do most of you all use?  There's also https://localbitcoins.com but I rather not deal in such ways.

I don't know, any how, what methods do you guys use that you consider reliable? safe?  That you've found relatively "dependable" so to speak?


I've been wanting to mine for years, but waited too long, and then boom!  Now bitcoin has taken off to extreme levels, and we're on the brink of the halving.. thus I at least rather have some then none by now.

Thanks in advance!
According to me the Safest Way of Buying Bitcoin is You can Buy Bitcoins From a Trusted Exchanger as You Said Above Localbitcoins.com Or You can Buy Bitcoins Personally From a Bitcoin Seller...
From the Above Ways I Suggest You to Buy Bitcoins From a Person Because it is Much Safer.....
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October 21, 2016, 09:44:49 AM
 #53

I personally prefer Kraken to buy Bitcoins, they have pretty low fees and I can usually wait for a bit to receive them.
If I'm in a hurry, I usually buy them through Bitonic.nl instantly, but for higher fees.

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October 21, 2016, 09:58:28 AM
 #54


I've been trying to read about "safe" "secure" and "mainstream" (lots of people use it, proves it works) ways of buying bitcoin. 

What's your opinion Coinbase?  I mention this because I've heard lots of horror stories pop up, even recently regarding hiccups and accounts being wrongfully charged or wrongfully closed, enough for me to think twice.


What do most of you all use?  There's also https://localbitcoins.com but I rather not deal in such ways.

I don't know, any how, what methods do you guys use that you consider reliable? safe?  That you've found relatively "dependable" so to speak?


I've been wanting to mine for years, but waited too long, and then boom!  Now bitcoin has taken off to extreme levels, and we're on the brink of the halving.. thus I at least rather have some then none by now.

Thanks in advance!
According to me the Safest Way of Buying Bitcoin is You can Buy Bitcoins From a Trusted Exchanger as You Said Above Localbitcoins.com Or You can Buy Bitcoins Personally From a Bitcoin Seller...
From the Above Ways I Suggest You to Buy Bitcoins From a Person Because it is Much Safer.....


But I think localbitcoins is much better and safe place to buy and sell bitcoins as they also have an escrow service so the transaction goes risk free and  your money is transferred to your bank account in quick time.
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