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Author Topic: Easiest way to convert money into BTC?  (Read 10580 times)
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January 17, 2017, 03:46:24 PM
#1

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.


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January 17, 2017, 04:00:24 PM
#2

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.

You are always going to depend on the banking system if you want to convert fiat into BTC, if by "money" you mean fiat, so you are going to deal with all the inconveniences of the banking system, there is no way around it.

The only way to bypass it would be to work and get paid in BTC directly.
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January 17, 2017, 04:02:04 PM
#3

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.
Actually legal restrictions in many country have limited many payment processors and bank to have this feature.

Bitcoin is anonymous and government will try to just ignore it and even if they have to accept it as new way to do financial transactions they try to regulate trading platform and services that buy/sell bitcoin.

Foreign currency rules and money laundering is big hurdle bitcoin exchange/trading platform have to tackle to allow anyone to purchase bitcoin easily and conveniently.

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January 17, 2017, 04:05:24 PM
#4

Bitcoin is the easiet way to use some money for transactions. I recommend you to convert money to Bitcoin by using legal transactions such as going to stores or other establishment that convert money to bitcoin. I suggest the stores that are well known and trusted to avoid scamming and loosing a lot of money.

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January 17, 2017, 04:08:22 PM
#5

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.

you can use XAPO credit card or cryptopay.me credit card to buy bitcoin from them . it's easy to use these wallets to exchange bitcoin from fiat.
You should try it now.
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January 17, 2017, 04:13:54 PM
#6

Actually people from third world country don't have opportunity to buy bitcoin easily from any of the bitcoin trading platform like coinbase. Coinbase still don't support many developing countries also in localbitcoins usually deals for this countries are really expensive to buy from using local bank transfer.

However in european countries and china anyone can buy bitcoin or sell it quickly for profit or just buy and hold for long term with peace in mind. This have created a sense of "bitcoin is actually only made for developed countries, Tier-1 countries".  Angry

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January 17, 2017, 04:17:47 PM
#7

In my country you have the odd Bitcoin vending machine, but they only allow you to convert limited quantities. The biggest obstacle in

mainstream adoption, would be the involvement of the banks. The governments and the banks seem to be working together to place

obstacles {red tape} in Bitcoin's way to slow down adoption. { Examples : BitLicense & KYC/AML regulations }

Spot available if you want to advertise something :->
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January 17, 2017, 04:26:26 PM
#8

Actually people from third world country don't have opportunity to buy bitcoin easily from any of the bitcoin trading platform like coinbase. Coinbase still don't support many developing countries also in localbitcoins usually deals for this countries are really expensive to buy from using local bank transfer.

However in european countries and china anyone can buy bitcoin or sell it quickly for profit or just buy and hold for long term with peace in mind. This have created a sense of "bitcoin is actually only made for developed countries, Tier-1 countries".  Angry
You can always work online to get bitcoin, if you're unable to buy.
 it's easy for me to buy bitcoins, i use localbitcoins and kraken to buy coins. localbitcoins is the fastest and easiest way to buy bitcoins.

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January 17, 2017, 04:44:26 PM
#9

Although I don't have much experience with it the most convenient way would seem to be using localbitcoins. You have cash, they have bitcoin, you meet and exchange. Simple. Easiest way if your money is in a bank? Using an online exchange.
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January 17, 2017, 04:55:29 PM
#10

I think its majorly dependent on the locality of residence and the laws of surrounding such venture in that particular place whether strict or relaxed. Over here we have localbitcoin which is popular all over at the same time we have some exchange site of individuals who can convert buy and sell bitcoin automatically the way the site is configured and its connected to bank accounts and its even stress free. But the issue there is one needs to be more careful on the site to visit as there are a lot of scammers around looking for who to prey on.
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January 17, 2017, 05:00:59 PM
#11

Here in my country I can easily convert my bitcoins to local currency or local currency to bitcoin. We have a wallet particularly only on our country that are affiliated with many remitance center and stores here in our places , thats why it is easy for us to convert here
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January 17, 2017, 05:10:46 PM
#12

Here in my country I can easily convert my bitcoins to local currency or local currency to bitcoin. We have a wallet particularly only on our country that are affiliated with many remitance center and stores here in our places , thats why it is easy for us to convert here
Here in my country central bank has warned against dealing in Bitcoin, saying anybody caught using the virtual currency could be jailed.Though the situation serious here but nothing hampered to activity convert local currency to BTC or BTC to local currency.Exchange are smoothly going on.

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January 17, 2017, 06:10:07 PM
#13

Here in my country I can easily convert my bitcoins to local currency or local currency to bitcoin. We have a wallet particularly only on our country that are affiliated with many remitance center and stores here in our places , thats why it is easy for us to convert here
Here in my country central bank has warned against dealing in Bitcoin, saying anybody caught using the virtual currency could be jailed.Though the situation serious here but nothing hampered to activity convert local currency to BTC or BTC to local currency.Exchange are smoothly going on.

These threats often happens in various governments and finally users won't be affected much in this regard, because they still continue to use in one or other way. Even in china exchanges has started to run after an issue and several other exchanges were existing in several countries to ease the conversion and support bitcoin growth.

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January 17, 2017, 06:18:08 PM
#14

there are countless places to buy and sell BTC, have you even tried any of them? 



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January 17, 2017, 06:21:17 PM
#15

buy gift cards or use local bitcoins
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January 17, 2017, 08:41:28 PM
#16

I use localbitcoins, pretty simple and straight forward

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January 17, 2017, 09:06:43 PM
#17

You are always going to depend on the banking system if you want to convert fiat into BTC, if by "money" you mean fiat, so you are going to deal with all the inconveniences of the banking system, there is no way around it.

The only way to bypass it would be to work and get paid in BTC directly.

Yeah. I mean "fiat" and fiat->BTC conversion and how it limits the possibilities from the fiat side. So, basically, to get around this problem, I should have people do work for me so that I could pay to them directly in BTC. Giving good jobs to people is not an easy job, just look at how much governments have been successful with it so far lol.


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January 17, 2017, 09:21:04 PM
#18

You are always going to depend on the banking system if you want to convert fiat into BTC, if by "money" you mean fiat, so you are going to deal with all the inconveniences of the banking system, there is no way around it.

The only way to bypass it would be to work and get paid in BTC directly.

Yeah. I mean "fiat" and fiat->BTC conversion and how it limits the possibilities from the fiat side. So, basically, to get around this problem, I should have people do work for me so that I could pay to them directly in BTC. Giving good jobs to people is not an easy job, just look at how much governments have been successful with it so far lol.

again, everything that everyone has says still applies.  go buy a serve card for cash and use localbitcoins to trade that for BTC, less than thirty minutes



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January 17, 2017, 09:33:34 PM
#19

The problem is that currently most exchanges have to get information on their customer for money laundering reason or face going to jail, its that simple.  i agree currently it is not that easy to get fiat into BTC but hopefully in the future it will get better, but i cant see it ever being anonymous .
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January 17, 2017, 10:09:36 PM
#20

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.

If you are a BTC holder then you are the one who will adjust. If your partner is US DOLLAR holder then you are the one who will convert from BTC to US DOLLAR. Above my post is correct, Yes there are restriction in some country because of it's anonymity. So you are the one who will adjust you need to convert your BTC to US DOLLAR. There are some famous website that can exchange BTC to US DOLLAR. I think coinbase is the one, but some didn't like coinbase because of some issues. Or you can exchange it to a currency exchange platform. like btc-e, c-cex, cex, polo and etc then withdraw it to your USD wallet.

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January 17, 2017, 10:16:34 PM
#21

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.

I see what you mean, and there is none...

I had to add the Paypal payment possibility simply because of what you're saying. No matter what BTC isn't that easy to buy.
You can buy services and products in BTC only if you're already a user. Otherwise...
So if you can, go for Paypal, it's not as good as BTC but it's still not the usual banking system so...

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January 17, 2017, 10:31:08 PM
#22

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.

Well, I can buy and sell bitcoin simply use my phone.
However, the transaction was not in big amount of bitcoin but less than BTC1.
Because my friend has a local exchange, it's very helpful.
There is an exchange platform in my country that allows people to transact where you can pay with a simple sending messages, it depends on your country regulations and bank account services.
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January 18, 2017, 12:03:14 AM
#23

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.
In our country there's an app called Coin.ph . It provides convertion of peso to btc and btc to pesos then theres more features. We can buy things online , we can pay bills and load our phones. For me that the easiest way to convert money to btc because you can also cash in and convert . Also it is a wallet that let you see the convertion so you are aware if the convetion is ok Smiley

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January 18, 2017, 12:05:47 AM
#24

Currently, the easiest way to convert money into bitcoins is through Localbitcoins.
You can use Coinbase also but it will take some of your personal Info.


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January 18, 2017, 12:07:51 AM
#25

Currently, the easiest way to convert money into bitcoins is through Localbitcoins.
You can use Coinbase also but it will take some of your personal Info.



It's not what is asked there though...
Local bitcoin is good, sure.
I mean I use it at least once a month whatever the change.
But here OP is asking for a DIRECT transformation. Like something immediate!
And sadly it just doesn't happen...

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January 18, 2017, 12:25:48 AM
#26

The easiest ways I've found to convert money into Bitcoin mostly comes directly from exchanges to be honest, so anything like BTC-E, Coinbase, whatever it is, as long as it is an exchange I've found it to perform fairly well.

If you have cash, then I would recommend doing something like localbitcoins and converting money that way.

Paypal and CCs are accepted by most exchanges.
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January 18, 2017, 12:33:09 AM
#27

Currently, the easiest way to convert money into bitcoins is through Localbitcoins.
You can use Coinbase also but it will take some of your personal Info.



I use local bitcoin it works the best and I have never had any problems. There should be even more ways. You can do more private dealings or on some exchanges and things but I just prefer the ease of local bitcoin. I think people with masses amounts of bitcoin would use exchanges.

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January 18, 2017, 12:55:09 AM
#28

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.

You deposit to exchange, especially Chinese exchanges are easiest to buy bitcoin. Payment processor costs much fees.
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January 18, 2017, 01:22:13 AM
#29

What are some of the largest retailers who accept bitcoins?
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January 18, 2017, 01:44:40 AM
#30

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.
About your partner he should have a good knowledge about how bitcoin works and the risk involve in holding him or else you will lose his friendship if Bitcoin price suddenly take a big dip..

Check your country for a legit exchangers or a features that you have what you are looking for ,fortunately here in our country we have a company that can do that.

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January 18, 2017, 01:45:11 AM
#31

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.
The easiest way is to use your fiat to buy bitcoin in localbitcoins, and buy the bitcoins in a face to face trade, or you can use cash deposit to buy it, another possibility is to use virwox, or you can buy currencies for games and then use that currency to trade for bitcoin.

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January 18, 2017, 03:32:52 AM
#32

There's an easy way to convert money to btc in my country using my online wallet cash in request option which allows you a payment via recommended outlet by our wallet site, one of the most popular in our place is seven eleven convenience store. Its so easy and convenient once you made the steps for cash in request, just present the barcode to the store teller and you're ready to pay the amount you requested to be cash in to your wallet.

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January 18, 2017, 03:51:57 AM
#33

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.
The easiest way is to use your fiat to buy bitcoin in localbitcoins, and buy the bitcoins in a face to face trade, or you can use cash deposit to buy it, another possibility is to use virwox, or you can buy currencies for games and then use that currency to trade for bitcoin.
I do not think so. Localbitcoin is full of scammers and if you are newbie, you may not know where to start or which members are trustworthy. In my opinion, the best way to buy Bitcoin is to find some one in your country who is willing to sell bitcoin to you and  make a deal with him/her


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January 18, 2017, 04:29:19 AM
#34

We have a local Bitcoin Wallet that lets you convert your Fiat currency in to Bitcoin by way of going to Convenient stores. When you are in one ask for the amount of Bitcoin you are willing to buy than they will give you a coupon for the price equal to the Bitcoin you are buying, after you paid they will later send the BTC to your wallet. I think this is the most easiest way in converting your fiat currency into Bitcoin. Others require a lot of steps in obtaining Bitcoin.

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January 18, 2017, 07:25:12 AM
#35

What are some of the largest retailers who accept bitcoins?

right now, pretty much all of the major stores accept it, so, technically you could simply by a prepaid cc if that is the slow way that you want to go about it.  that puts you on camera and many of the prepaid cards companies are starting to take personal info before set up is complete



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January 18, 2017, 07:32:48 AM
#36

Actually people from third world country don't have opportunity to buy bitcoin easily from any of the bitcoin trading platform like coinbase. Coinbase still don't support many developing countries also in localbitcoins usually deals for this countries are really expensive to buy from using local bank transfer.

However in european countries and china anyone can buy bitcoin or sell it quickly for profit or just buy and hold for long term with peace in mind. This have created a sense of "bitcoin is actually only made for developed countries, Tier-1 countries".  Angry

Locabitcoins is still the easiest way to convert cash into BTC no matter what you say about how more expensive BTC over there is. The premium you pay is the price of more convenience and ease. It still beats the fees for doing a wire transfer to Bitstamp.


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wire transfer are highly traceable



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January 18, 2017, 07:42:57 AM
#38

Currently, the easiest way to convert money into bitcoins is through Localbitcoins.
You can use Coinbase also but it will take some of your personal Info.



In our country there is an app that uses to deposit money into your wallet. And via that wallet it can instantly convert it to bitcoin. It can be deposited tru a atm machine Iike in a convenience store . It is just loading like a e-money.
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January 18, 2017, 08:52:21 AM
#39

Actually people from third world country don't have opportunity to buy bitcoin easily from any of the bitcoin trading platform like coinbase. Coinbase still don't support many developing countries also in localbitcoins usually deals for this countries are really expensive to buy from using local bank transfer.

However in european countries and china anyone can buy bitcoin or sell it quickly for profit or just buy and hold for long term with peace in mind. This have created a sense of "bitcoin is actually only made for developed countries, Tier-1 countries".  Angry

Locabitcoins is still the easiest way to convert cash into BTC no matter what you say about how more expensive BTC over there is. The premium you pay is the price of more convenience and ease. It still beats the fees for doing a wire transfer to Bitstamp.

What i came to know there is less risk in localbitcoins because we can directly meet the person in your local area where you want to sell your bitcoin, but compares to exchanges and other forms buying bitcoin here the cost will be slightly higher. But for the person who want to convert from fiat is bitcoin localbitcoins is the best way to convert them.

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January 18, 2017, 09:39:52 AM
#40

you can use XAPO credit card or cryptopay.me credit card to buy bitcoin from them. You can also use Localbitcoins. Localbitcoins is the fastest and easiest way to buy bitcoins.
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January 18, 2017, 10:30:36 AM
#41

I think every country has a local exchange and I think it is the best method to purchase bitcoin. you can buy the currency of your own country, so no need to first convert it to dollars

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January 18, 2017, 12:52:51 PM
#42

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.

In my experience by buying bitcoin is from my atm card I bought BTC through coins.ph one of the in my country who accepted bitcoin on which affiliated in different bank outlet I dont know in the other country maybe you can use poloniex exchange or localbitcoin for you to buy bitcoin using credit card. Just correct me if some of the member here I'm wrong with this thought.

















































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January 18, 2017, 01:14:14 PM
#43


I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.
No this is no way an option, because the fees itself would be outrageous and how much do you think you would be able to buy with phone credits?
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January 18, 2017, 01:15:16 PM
#44

Personally, I prefer having the ability to exchange BTC <-> Fiat instantly, at any time (especially during big price fluctuations). I see no one recommended E-coin.io (now rebranding to Wirex). It's basically a debit card (both virtual and physical) that is accepted anywhere.

When I need some spare cash, I just open the app and in a couple of mins I have the cash ready. I also like the fact that I can have BTC back at any time. If, let's say, you exchange 0.10 BTC for 100 EUR and BTC price drops to 800EUR/BTC , you can buy BTC back using your card funds. I think the exchange fees are at around 2-3% max and I guess it's worth it for this kind of service. My account is verified though, so be careful with your limits if you don't want to be verified.

Depending on your amount of bitcoin you exchange regularly, I think this may be your best option.

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January 18, 2017, 09:14:06 PM
#45

In my country you have the odd Bitcoin vending machine, but they only allow you to convert limited quantities. The biggest obstacle in

mainstream adoption, would be the involvement of the banks. The governments and the banks seem to be working together to place

obstacles {red tape} in Bitcoin's way to slow down adoption. { Examples : BitLicense & KYC/AML regulations }

Yes, I know about these BTC vending machines. Actually, a similar solution would be fine for me. I am looking for a method to transfer fiat to BTC DIRECTLY. Like someone visits one of these vending machines, types in some address, puts in some fiat and receives BTC soon. We had one of them in the town where I am living, but it was closed down.


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January 19, 2017, 12:35:53 AM
#46

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.
The easiest way is to use your fiat to buy bitcoin in localbitcoins, and buy the bitcoins in a face to face trade, or you can use cash deposit to buy it, another possibility is to use virwox, or you can buy currencies for games and then use that currency to trade for bitcoin.
I do not think so. Localbitcoin is full of scammers and if you are newbie, you may not know where to start or which members are trustworthy. In my opinion, the best way to buy Bitcoin is to find some one in your country who is willing to sell bitcoin to you and  make a deal with him/her
Have you been scammed in localbitcoins?, because I have done some trades there and everything went fine every time, just choose some vendors with good rating, see the feedback they have received to be positive and recent and buy small amounts from different vendors and you will be fine.

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January 19, 2017, 02:51:21 AM
#47

Currently, the easiest way to convert money into bitcoins is through Localbitcoins.
You can use Coinbase also but it will take some of your personal Info.



yes i agree, this is easiest way for everyone. In my country i used bitcoin.id to buy or sell some coin
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January 19, 2017, 03:00:09 AM
#48

Currently, the easiest way to convert money into bitcoins is through Localbitcoins.
You can use Coinbase also but it will take some of your personal Info.



yes i agree, this is easiest way for everyone. In my country i used bitcoin.id to buy or sell some coin
its much easier to convert btc with your local exchange as it will convert it to your local fiat here in my location we do have certain limits per day as my country have a rules bout money transferring and for me its also much safer.

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January 19, 2017, 03:05:37 AM
#49

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.

This is a long term issue not all have Bitcoin as their primary source of income or not many hold money I have Bitcoins. Bitcoin is popular but not that popular that people start putting their money into it. What you could suggest is that they use a exchange or use this forum and have the exchange done. Or maybe best is face to face if possible, but then again the confirmation takes a long time that always will be the issue. Let's see your sms idea how it works.

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January 19, 2017, 03:33:09 AM
#50

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.

This is a long term issue not all have Bitcoin as their primary source of income or not many hold money I have Bitcoins. Bitcoin is popular but not that popular that people start putting their money into it. What you could suggest is that they use a exchange or use this forum and have the exchange done. Or maybe best is face to face if possible, but then again the confirmation takes a long time that always will be the issue. Let's see your sms idea how it works.

Regards the SMS and Call, that would not be possible. This would mean that the BTC would have be stored with a third party person that will handle all trade whenever there is one. Both parties will have to have an account in that platform, which will mean that parties will not really have control over the bitcoins and it will not go through the blockchain.

To bitcoin or not to bitcoin, that is now the question.
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January 19, 2017, 04:42:53 AM
#51

I just use an online wallet exchange (coinjar) to purchase any coins I may need for the following fortnight.

It's an easy way to get coins once you have your account verified but always remember that once those coins clear in your account get them out of there and into an address that you have full control over.

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January 19, 2017, 07:10:30 AM
#52

Currently, the easiest way to convert money into bitcoins is through Localbitcoins.
You can use Coinbase also but it will take some of your personal Info.



In our country there is an app that uses to deposit money into your wallet. And via that wallet it can instantly convert it to bitcoin. It can be deposited tru a atm machine Iike in a convenience store . It is just loading like a e-money.

Thats cool. What country are you from and whats the app called? That might be something developers from other countries can copy from and make fiat to BTC conversions easier.

How is the price of BTC in your app? Sometimes they sell BTC at premium prices making you pay a lot more than the real market price.


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January 19, 2017, 07:29:23 AM
#53

you can use XAPO credit card or cryptopay.me credit card to buy bitcoin from them . Coinbase still don't support many developing countries also in localbitcoins usually deals for these countries.
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January 19, 2017, 08:23:47 AM
#54

you can use XAPO credit card or cryptopay.me credit card to buy bitcoin from them . Coinbase still don't support many developing countries also in localbitcoins usually deals for these countries.
You only just posted this same post on the same page here above, not a good start trying to upload your post count, pretty bloody obvious to anyone.

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January 19, 2017, 08:45:04 AM
#55

The easiest way to convert money into bitcoin is to send money for purchase into the bank account of an exchanger then after sending your documents that you have successfully transferred your money into their account your bitcoins will appear into your wallet. In the Philippines we can easily purchase bitcoin in almost every part of the country by simply using banks or remittance center towards the exchanger to get bitcoins.

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January 19, 2017, 10:46:13 AM
#56

Easiest way is to use localbitcoins.com. It is found in almost all countries.You could even convert your fiat to bitcoins by dealing face to face in localbitcoins.com. Other than this, if you are going to convert your fiat with strangers face to face, better convert your fiat in public places. Thats always safe.
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January 19, 2017, 10:51:03 AM
#57

The exchange i used, have PHP(local currency) to BTC and vice versa that offer instant and seamless exchange 24/7 which is very user friendly.

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January 19, 2017, 11:18:43 AM
#58

well when i was just 15-16years old this was my first problem i faced up because i do not have any bank accounts i am a student so how can i get my money into bitcoin or from bitcoin to money this leads me to first make my own business network in my country. it takes a little time but yes i finally got the way out and made what i have thought, i still do not have any bank account but still i can buy or sell bitcoin anything


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January 19, 2017, 11:21:06 AM
#59

The easiest way is to use Bitcoin as a currency without any conversion. Just get your VISA and pay with BTC at any merchant who accepts VISA. For example, I use Shakepay and very happy  Smiley

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January 19, 2017, 11:26:35 AM
#60

No, it is impossible to get Bitcoin for your own money without getting peep in by banking system.
However, only way is if you pay someone personally and he give you Bitcoin in return or EARN Bitcoin.
And if you say buying using Sms or something then banks hardly gonna patronize or endorse Bitcoin!

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January 19, 2017, 11:31:58 AM
#61

I haven't sat and outright crunched the numbers, but it is a funny thing with both Paxful and Localbitcoins.  I used them for a long time to turn BTC into fiat(via Serve card) and always had the thought to start making trades the other way, fiat to BTC.  The reason for the desire was because I was "losing" money going from BTC to fiat. That really losing money, but getting less than $1 per $1, because of the fees each person charges, the cost of doing business.  So, logic would dictate that when I was ready and had the time I could trade the other direction and make money the same way as the people I was using.  The funny thing is that in order to compete in the areas I was going to service, I would end up losing money that way too.  

I trade on locabitcoins in small amounts and would rather pay more for an instant transaction than deal with copies of ID's and such, so I am paying a more "premium" fee and you should expect that too.  Localbitcoins is easy, it is fast and the escrow service makes it pretty safe, but to get the best price per BTC you have to be willing to do two things.

1. Jump through the hoops a particular seller may set.  This can mean copies of ID's sent or that a Paypal account be verified or whatever.

2. Shop at a different time of day.  

The second option can make the first go away.  There are many sellers out there that will buy and sell on these sites with complete anonymity, but no one is on there 24 hours a day.  The point is, if you rush the process of getting cash from BTC, you may pay a lot more and you may have to jump some hoops.

Paxful allows sellers to post without posting an escrow deposit.  If you find that you are not getting the types of trades you want or need, consider posting your own ad that works for you.  Just follow everything carefully and it is easy.



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January 19, 2017, 11:47:43 AM
#62

(Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?)
Well, if he is your friend, then the easiest way to convert his fiat into bitcoin is to directly accepts his fiat if you are going to do your transaction personally and give him the bitcoin that he will buy to you. In this way he can easily have his bitcoin and start to do something to multiply it.

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January 19, 2017, 12:02:42 PM
#63

Here in our country, even though bitcoin is not yet popular, there are many ways to exchange fiat into bitcoin because of our wallet provider. It gives us many options such as creating a request and pay it on a popular convenience store or the leading money remittance centers.


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January 19, 2017, 12:20:24 PM
#64

and don't forget fees....every transfer you make on the chain very likely has a fee. i know that everyone wants to see some real cash in their hands that was bitcoin a few minutes back, but moving btc around from one exchange to another, one site to another will eat it up in fees.  plus, there are minimum withdrawals on almost every site, so you might move your btc to a site and find that you are under the limit.  research your options, read other people's opinions on the few options you settle on, ask another person and then, sleep on it, literally, make a choice and go to bed, prepared to act on it the next day.  Wake up and if you are still good to go, try it.  then, share your experience here and other places.  many times people find a thread asking their question, read to the end and find the op never came back and shared the results.



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January 19, 2017, 09:19:50 PM
#65

But I cannot tell my IRL clients to use XAPO credit card for a purchase when they just want to buy a product. I think, getting a credit card that supports crypto has an overcomplicated process compared to the service that I have to offer. The same goes for localbitcoins. Doesn't that place work like the client has to choose a "nice" seller first, contact him, discuss with him ... etc.? I am looking for a more "automatic" solution.


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January 19, 2017, 09:43:05 PM
#66

But I cannot tell my IRL clients to use XAPO credit card for a purchase when they just want to buy a product. I think, getting a credit card that supports crypto has an overcomplicated process compared to the service that I have to offer. The same goes for localbitcoins. Doesn't that place work like the client has to choose a "nice" seller first, contact him, discuss with him ... etc.? I am looking for a more "automatic" solution.

if a client is going to pay you in bitcoin, use a site like bitpay.  there is a POS option, or buttons for a webpage.  i do not endorse them, i just have used them.  there is another site that accepts both credit cards and bitcoin.  that solves any professional "payment" issues. 

if it is clients that have fiat and you want to supply them with bitcoin, welll, first legally you a msb license that makes you capable of general currency banking transaction, the license is cheap but you need to qualify for the license.

legal stuff being said, use both a service like paypal and one like bitpay.  have each funded and ready to send money.  the client pays you via paypal $10, once the transaction is complete you send them the bitcoins.  a basic level programmer can work this into a website.  the same can be done in reverse.  for a minimum programming approach that requires your attention to every TX, have both paypal and bitpay alert you via text message when a new transaction occurs.  make sure the web forms require either an email address for paypal or a bitcoin address for bitpay.  you get a text, check either pp or bp and then send the funds from the other account.

the above without a license is highly illegal.  if you never get web traffic you should be fine for sometime, but if your site becomes a success you will be quickly shutdown and never be able to even try for a banking license.  stick to localbitcoins and paxful, i am almost positive that each has a deep API and you can put your offers on your own site.  that allows you to build a rep on an established site and slowly start moving some of the traffic to your private site. 



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January 19, 2017, 09:48:38 PM
#67

Coinbase, BTC-E, Bitstamp and a pretty bunch of other local exchanges and options, This excluding local and personal deals like LBC and paxful which is actually becoming more popular than the traditional official website trading etc...
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January 19, 2017, 09:53:03 PM
#68

I have met with this problem several times and many others too met with this problem. We consider global accessibility a great advantage of BTC with very good reason. Technically, BTC is available from anywhere, anytime. The issue is coming down to communication. Assuming that your partner is not a BTC holder already, how do you have him exchange his money into BTC?

Even when BTC has these advantages, other payment processors have not and when people have to exchange money from any other payment processor into BTC, transaction issue comes from the other payment processor like PP holding back money or certain banks do not execute transactions in certain time intervals. How do we get around this?

I thought a payment processor where you can pay with a simple SMS or call from your phone credits and receive some BTC would be very useful.

There is one website working exactly like this .... You send a SMS or call a number and you get a code. Once you redeem the code you receive your BTC into your wallet (after some hours as they do this manually and there are 2 guys only). I don't remember the name but i can find it if you want, it's not an english website so a problem could be, foreign countries can't use the number to call.
Usually paying anything with SMS or call is at an outrageous price btw

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January 19, 2017, 09:54:58 PM
#69

Coinbase, BTC-E, Bitstamp and a pretty bunch of other local exchanges and options, This excluding local and personal deals like LBC and paxful which is actually becoming more popular than the traditional official website trading etc...

paxful is getting the attention because someone can make their own ad without depositing anything other than what is needed for the ad.  search engines spit back localbitcoins and paxful and a person that wants to start using a site as more of a business than a client sees a $400 deposit at lbc versus $0 at pax



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January 19, 2017, 10:01:21 PM
#70

Well for me, LocalBitcoins works better than any other option. Simply send out the payment through bank, and get your bitcoins safely with an escrow.

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January 19, 2017, 10:03:53 PM
#71

Well for me, LocalBitcoins works better than any other option. Simply send out the payment through bank, and get your bitcoins safely with an escrow.

paxful has a set of unspoken, i mean utterly unspoken and ever changing rules.  for about three weeks, if you tried to trade less than $5 an alert said there was a $5 limit and you could not do it.  the funny thing was that you could click an offer for $1-5 and get that message, meaning that person had their offer nullified.  a week later, no limits, don't take them too seriously and they can be a good site, but i prefer lbc too



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January 19, 2017, 10:06:40 PM
#72

I personally use LocalBitcoins for such exchanges.
I always exchange with top rated and top trusted members so my experience so far is great.
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January 19, 2017, 10:10:21 PM
#73

I personally use LocalBitcoins for such exchanges.
I always exchange with top rated and top trusted members so my experience so far is great.

omg, that is where i used to be.  for lbc, my computer crashed and i used winauth for 2fa, so that was either wait 2 weeks or....... so i had a good rep on there and i still have to pick through that hard drive for the key

paxful....same thing, but for a phone.  i changed service carriers for my phone, they asked me if i wanted to keep my old number, i thought for a minute and said "no" figuring every few years a new number is nice....and, yep, paxful sends to login 2fa to the number i just gave up....another nicely cultured account..gone



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January 20, 2017, 02:44:53 AM
#74

I personally use LocalBitcoins for such exchanges.
I always exchange with top rated and top trusted members so my experience so far is great.
In our country stores are accepting money to convert in into bitcoin and goes to our wallet. It is very convenient and ni hassle onnce you give the receipt to the cashier and pay it you can have your bitcoin into your wallet. And sometimes I buy bitcoins using my bank funds our bitcoin wallets to are accepting banks funds to trade it in bitcoin. And I can say that is the easiest way to convert money in bitcoin.

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January 20, 2017, 02:55:01 AM
#75

I personally use LocalBitcoins for such exchanges.
I always exchange with top rated and top trusted members so my experience so far is great.
In our country stores are accepting money to convert in into bitcoin and goes to our wallet. It is very convenient and ni hassle onnce you give the receipt to the cashier and pay it you can have your bitcoin into your wallet. And sometimes I buy bitcoins using my bank funds our bitcoin wallets to are accepting banks funds to trade it in bitcoin. And I can say that is the easiest way to convert money in bitcoin.

as far as anonymity, cash to btc connections made on sites like localbitcoins is ideal.  we are just not to the point where most areas have enough supply and demand for it to be 100% in person cash deals, we are getting there.  other than protecting your yourself in a public meeting, this is a nice clean way to exchange and clean medium to small amounts of money. 



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January 20, 2017, 06:23:47 AM
#76

Coinbase, BTC-E, Bitstamp and a pretty bunch of other local exchanges and options, This excluding local and personal deals like LBC and paxful which is actually becoming more popular than the traditional official website trading etc...

paxful is getting the attention because someone can make their own ad without depositing anything other than what is needed for the ad.  search engines spit back localbitcoins and paxful and a person that wants to start using a site as more of a business than a client sees a $400 deposit at lbc versus $0 at pax
i think in ever country there are different exchanges through which people are exchanges their bitcoin into fiat currencies. similarly in my country i am using Urdubit.com exchange. i am using this exchange for a long time and for every time i found it good and without any issue.
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January 20, 2017, 06:27:16 AM
#77

Coinbase, BTC-E, Bitstamp and a pretty bunch of other local exchanges and options, This excluding local and personal deals like LBC and paxful which is actually becoming more popular than the traditional official website trading etc...

paxful is getting the attention because someone can make their own ad without depositing anything other than what is needed for the ad.  search engines spit back localbitcoins and paxful and a person that wants to start using a site as more of a business than a client sees a $400 deposit at lbc versus $0 at pax
i think in ever country there are different exchanges through which people are exchanges their bitcoin into fiat currencies. similarly in my country i am using Urdubit.com exchange. i am using this exchange for a long time and for every time i found it good and without any issue.

i wish these site developers would employ a little php scripting, lol.  it is easy to tell a website to not display or to reroute using location, ip location or other factors.  that way you wouldn't get to the very end of registering on a site to find out they do not service your country



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January 20, 2017, 06:31:13 AM
#78

I use localbitcoins, pretty simple and straight forward

Buying at exchanges can be better, cheaper than localbitcoin, the buy price on localbitcoin is higher than exchange, the sell price is lower, and many scammers with gun may rob us. I prefer buying on exchanges, not offline exchanges.
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January 20, 2017, 07:12:45 AM
#79

Well, the easiest way is by exchanging it in the exchanger. it is the easiest and reliable which is still used today. you just need a bit of courage to do so. if you are free to exchange it because it does not believe in the site, or the exchanger, you can try it out with a small amount

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January 20, 2017, 09:09:30 PM
#80

Yeah, I am looking for a similar service like BitPay, but in the reverse. I want the client to be able to pay with a fiat payment processor like PayPal and I want to receive it in BTC. So, the exchange in between should happen automatically or semi-automatically and in the anonymous way.


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January 21, 2017, 12:18:11 AM
#81

Here in the philippines you can easily buy bitcoins using coins.ph and go to the nearest 7/11 store and buy BTC but if you're from another country and no ways to buy bitcoins using your real money or if you are using paypal you can go to localbitcoins ad find a legit bitcoin sellers and you can get a discount there.

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January 21, 2017, 12:27:42 AM
#82

Yeah, I am looking for a similar service like BitPay, but in the reverse. I want the client to be able to pay with a fiat payment processor like PayPal and I want to receive it in BTC. So, the exchange in between should happen automatically or semi-automatically and in the anonymous way.

if you are talking about developing this type of thing, the foundation would be using both bitpay, since you chose that already and Paypal will work.  use the paypal IPN feature to, or use the url field in your paypal button setup to trigger the API for bitpay



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January 22, 2017, 12:35:02 PM
#83

The easiest way to convert money into bitcoin is to send money for purchase into the bank account of an exchanger then after sending your documents that you have successfully transferred your money into their account your bitcoins will appear into your wallet
Here in our country, even though bitcoin is not yet popular, there are many ways to exchange fiat into bitcoin because of our wallet provider. It gives us many options such as creating a request and pay it on a popular convenience store or the leading money remittance centers.
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January 22, 2017, 03:08:01 PM
#84

Well, the easiest way is by exchanging it in the exchanger. it is the easiest and reliable which is still used today. you just need a bit of courage to do so. if you are free to exchange it because it does not believe in the site, or the exchanger, you can try it out with a small amount
Finding exchanger is easy for another electronic payment method. But finding bitcoin sellers who will be accepting cash is too hard for me in my city. Localbitcoin is showing reasonable priced sellers are some 400 or 500 km away from my location.  I am not still finding the easy ways of buying bitcoins for cash payments.
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January 22, 2017, 03:22:01 PM
#85

Easiest way to convert bitcoins is through local bitcoin exchanges. Yeah but one drawback is there.you have to deal with the banks for that and follow all their procedures. One more easier way is to find a person who wants to sell bitcoins directly to fiat currency. This will be more easy it bypasses all banking procedures and easily you will bitcoins. But one drawback is you should be dealing with a trusted person. Otherwise he can cheat you. So This procedure is more risky compared to the first one.

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dothebeats
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January 22, 2017, 03:22:38 PM
#86

Well for me, I only load up my Xapo debit card and then do the shopping from there as I, personally, don't want to hold cash on my hands and it's a hassle. Been using this method for quite some time now, and if in case I needed cash, I just go online at our local exchange and withdraw the money from an ATM. Never had it been so convenient here in the Philippines.

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January 22, 2017, 03:22:44 PM
#87

cryptopay.me
Hi, as you mentioned this  service, I will appreciate if you could share some info. If you used Virtual debit card - is it possible without verification to make a deposit on this card from other wallet in fiat currency?

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target
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January 22, 2017, 03:35:00 PM
#88


The easiest so far would be localbitcoins but price is something you have to deal with, they offer much higher price than online. You will find it a better option to have paypal funds and buy btc online from the services or from reputable users here in bitcointalk. There are a lot of these users actually and are willing to accept paypal for a price but not as high as those form localbitcoins.

If you have a card, try jsut registering on exchange that accepts buying btc. Kraken.com and bitfinex I think are just the few.



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January 22, 2017, 03:46:58 PM
#89


The easiest so far would be localbitcoins but price is something you have to deal with, they offer much higher price than online. You will find it a better option to have paypal funds and buy btc online from the services or from reputable users here in bitcointalk. There are a lot of these users actually and are willing to accept paypal for a price but not as high as those form localbitcoins.

If you have a card, try jsut registering on exchange that accepts buying btc. Kraken.com and bitfinex I think are just the few.

more than 79% of the users on localbitcoins xfer coins and fiat on the internet, how is that not online?



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January 22, 2017, 04:52:01 PM
#90

Yeah, I am looking for a similar service like BitPay, but in the reverse. I want the client to be able to pay with a fiat payment processor like PayPal and I want to receive it in BTC. So, the exchange in between should happen automatically or semi-automatically and in the anonymous way.

if you are talking about developing this type of thing, the foundation would be using both bitpay, since you chose that already and Paypal will work.  use the paypal IPN feature to, or use the url field in your paypal button setup to trigger the API for bitpay

I think this will do work. You are asking for something which is not available. But can make it work and it will be useful too if you make it a business coz lots of people want a service like that. It is not easy to convert from crypto to Fiat that way.

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