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Author Topic: How to buy cheap Bitcoins?  (Read 1610 times)
masterbobin
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June 24, 2016, 08:15:20 PM
 #1

Hi Btc experts,

In countries like India there is no full fledged Btc exchange so price is very costly compared to global usd rate. If i try to buy from popular exchanges then i named to convert inr to had which is again time taking and very costly.. I don't know how people manage to get it and sell it on sites like local Bitcoins and all.... But really need any source to buy Btc as per current global rate in us d converted to inr.

Please help.
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June 24, 2016, 08:32:53 PM
 #2

I think your best bet is localbitcoins. Considering that you're in India and there aren't a lot of exchanges available to you, you probably have to go and find someone who already has it and buy it from them.

You could alternatively aim to earn some from signature campaigns on here as well, that might help cut your costs down a bit, but I don't think I can offer very much information beyond that, mostly because I don't know much about Bitcoin in India.
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June 24, 2016, 08:55:22 PM
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have you ever buy bitcoin using your local exchange and does the rates would be generalized from global usd rates or more expensive than exchange from outside india? if yes i think you only just looking exchange who selling bitcoin using your currency because mostly those exchange have low rates and if you still have any trouble regarding it please asking your questions into your local board https://bitcointalk.org/index.php?board=89.0 may be they will help you
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June 24, 2016, 09:05:45 PM
 #4

I just checked what you'd pay in India on localbitcoins. that is one big ass premium. About $100-120 ish per coin. And i guess that premium exists because it's so hard to get them at the right price.

I guess your choices are finding someone you trust abroad and getting money to them somehow so they can buy for you. I dunno if that's cheaper than trying to transfer it yourself but surely a transfer isn't 20% of the amount you're sending. And if the local board here and the currency exchange section can't help somehow there's no hope at all.
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June 24, 2016, 09:06:27 PM
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I am member of group WHATAPP and mostly of them are indian people if you are interest please PM me your phone number to joint with them. Maybe they can help you.
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June 24, 2016, 09:36:16 PM
 #6

Hi Btc experts,

In countries like India there is no full fledged Btc exchange so price is very costly compared to global usd rate. If i try to buy from popular exchanges then i named to convert inr to had which is again time taking and very costly.. I don't know how people manage to get it and sell it on sites like local Bitcoins and all.... But really need any source to buy Btc as per current global rate in us d converted to inr.

Please help.
In here have a local exchange in India. Please you can visit this
https://bitcointalk.org/index.php?topic=1359605.0

maybe Zeb pay is your solution to your problem, I think this exchange is local in your region.you can check and starting to contact their customer service.

 
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June 24, 2016, 09:38:16 PM
 #7

You can maybe look on your local craigslist kind of website (classified). In my region I already saw some people selling bitcoins. But you should expect to pay more than the prices found in the biggest exchanges.
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June 24, 2016, 09:40:17 PM
 #8

There is no real way to buy them cheap, what I can recommend you is doing it with localbitcoins because that one is pretty good with their dealers and fee''s.
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June 24, 2016, 09:59:40 PM
 #9

hey man u could also consider earning Bitcoin instead of buying.  I can't recommend faucets etc cuz that wont earn u a dime.

But if u do have programming skills or other valuable skills chances r that u could earn good amount of BTC or actually even more than u could buy.

have u thought about that ¿

~CfA~

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June 24, 2016, 10:14:35 PM
 #10

You can maybe look on your local craigslist kind of website (classified). In my region I already saw some people selling bitcoins. But you should expect to pay more than the prices found in the biggest exchanges.

craigslist and localbitcoins can help you to get bitcoins in good rates but surely they will take some of their profits while selling and you will not get them in the exactly preev.net rate.
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June 24, 2016, 10:19:56 PM
 #11

Hi friend if in you're country is costly to buy bitcoin you can buy bitcoin from someone whos have bitcoin. If I you want another choice to get bitcoin you can try to join the signature  campaign here, what you need is registered and posting and then the signature campaign will pay you, try this link https://bitcointalk.org/index.php?board=52.0 or if you wanna trading you can try this link www.poloniex.com. Hope it help.

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June 24, 2016, 10:31:28 PM
 #12

You can maybe look on your local craigslist kind of website (classified). In my region I already saw some people selling bitcoins. But you should expect to pay more than the prices found in the biggest exchanges.

craigslist and localbitcoins can help you to get bitcoins in good rates but surely they will take some of their profits while selling and you will not get them in the exactly preev.net rate.
i have never used craigslist though i dont think local bitcoins would actually help as their prices are usually bigger

i think the easiest way to buy cheap bitcoins is to just go on exchange and wait for price increase

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June 24, 2016, 10:31:34 PM
 #13

I think your best bet is localbitcoins. Considering that you're in India and there aren't a lot of exchanges available to you, you probably have to go and find someone who already has it and buy it from them.

You could alternatively aim to earn some from signature campaigns on here as well, that might help cut your costs down a bit, but I don't think I can offer very much information beyond that, mostly because I don't know much about Bitcoin in India.
I second this, and also you might try to deal with members here on the currency exchange section.  There are definitely a lot of Indians who frequent this forum, and I'm sure you'd be able to find someone to trade with.  Good luck.  I can't believe there aren't any good exchanges for you to use.

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June 24, 2016, 10:35:17 PM
 #14

I think everyone will know when the right time to buy. is it when the price down? i do not know.
because the price might come down continuously ?

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June 24, 2016, 11:08:03 PM
 #15

u can't buy btc with cheap price until  the price going down.. thnx :0

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June 25, 2016, 03:19:00 AM
 #16

I just checked what you'd pay in India on localbitcoins. that is one big ass premium. About $100-120 ish per coin. And i guess that premium exists because it's so hard to get them at the right price.

I guess your choices are finding someone you trust abroad and getting money to them somehow so they can buy for you. I dunno if that's cheaper than trying to transfer it yourself but surely a transfer isn't 20% of the amount you're sending. And if the local board here and the currency exchange section can't help somehow there's no hope at all.

Again money sending and conversion is not fast and it requires atleast 8 - 10% more. Any better idea.?
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June 25, 2016, 04:15:06 AM
 #17

You can maybe look on your local craigslist kind of website (classified). In my region I already saw some people selling bitcoins. But you should expect to pay more than the prices found in the biggest exchanges.

craigslist and localbitcoins can help you to get bitcoins in good rates but surely they will take some of their profits while selling and you will not get them in the exactly preev.net rate.
yeah i think the local exchange will end up with a cheaper price because you do not have to pay a deposit fee and so forth. will be cheaper if you buy with a private bitcoin users. usually they sell under exchange rate. because you're a receiver you buy at a cheap price.
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June 25, 2016, 05:22:39 AM
 #18

There is no real way to buy them cheap, what I can recommend you is doing it with localbitcoins because that one is pretty good with their dealers and fee''s.
Local bitcoins can have high fees actually. Best is to find a exchange with good ratio, setup bank account and trade through it.
You can't get lower fees than from good exchange.

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June 25, 2016, 08:29:47 PM
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Person to person deal could be option for you if indian exchanger have price more than market price. But don't deal with that local person without escrow in middle or deal in face to face manner if you can meet him.

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September 04, 2016, 05:07:02 AM
 #20

I think you might have heard about SIP, systematic investment plan in mutual funds. It’s like buying the specific amount of units during predefined intervals of time.

That’s amazing feature, now, fortunately, I have seen such feature in case of bitcoins too, unocoin provide that kind of service.

You deposit some amount (for example – Rs.1,000/-) and you set SIP at Rs.50 per day or week or month. Then in such case

You will automatically get the Rs.50 worth of bitcoins daily, weekly or monthly at various price levels and eventually you will get it at an average price of that period.
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