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Author Topic: Easiest way to convert money into BTC?  (Read 10575 times)
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January 25, 2017, 07:09:38 AM
 #121

Website wallets are offering different options now so it is not much of a problem anymore. The real problem is the other way around. As of now I still have one option for converting bitcoin to fiat and I think there is a reason for this. They really want bitcoin to be more used than bringing it back to fiat.

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January 25, 2017, 07:11:35 AM
 #122

For me if i need my bitcoin to convert into cash quickly i just trade peer-to-peer from a friend i know that exchanges money to bitcoin. I will pay him my bitcoin and send me immediately a cash through some remittance or to my credit card. I pay him with the fees included he ask. It's faster for me than transferring it to banks or cashout through remittance which takes 4 hours or more because you need some verification codes to ensure that you are cashing out.

It seems we are lucky here in our country since an exchange works the same like these except they charge 3.5% for the transaction.  We have an option to convert and cashout thru bank or remittance.  Though it take some time for some option before we receive the money.



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January 25, 2017, 07:14:02 AM
 #123

I think, Exchanger with fiat currency is a right and easiest way ever to convert money into bitcoin.

Many countries have fiat currency exchanger which allows user to buy or sell bitcoin with exact current market rate by trading.
Its quite secure process as most of bank which are connected to exchanger for deposit and withdrawal of fiat currency always keep KYC of user before making any transaction.

Except this there are other ways to such as Btc2Bid or Localbitcoin. But I prefer Local Exchanger.


Thats right mate the currency exchangers that available with your country would be the easy options since in evry countries we have our own btc to fiat exchange service correct me if im wrong or i can say most of the countries have this exchange service. Its easy the only problem or disadvantage is its also much cheaper when converting it using the exchange.

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January 25, 2017, 07:35:13 AM
 #124

For me if i need my bitcoin to convert into cash quickly i just trade peer-to-peer from a friend i know that exchanges money to bitcoin. I will pay him my bitcoin and send me immediately a cash through some remittance or to my credit card. I pay him with the fees included he ask. It's faster for me than transferring it to banks or cashout through remittance which takes 4 hours or more because you need some verification codes to ensure that you are cashing out.
That is really nice. At least you still have a trustful friend who has Bitcoin and provides them to you. I still wonder where he get those Bitcoin. Does he use any exchanger or what? In my country, it is very hard to convert FIAT into Bitcoin due to the fact that there are not many people using Bitcoin. Therefore, I have to by paypal and use it to buy Bitcoin from online sellers.


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January 25, 2017, 10:11:50 AM
 #125

Maybe you could try coinizy it is a virtual credit card you can get for cheap, they have a thread in the forum in the digital goods section and you can receive a vouch for a free vcc if you qualify maybe you can try it and see if you like it.

just remember that restricts your uses to online purchases, unless you use that card to load a different account

Hi, thank you guys for advice and comments, appreciated. At the end I decided to open a new topic where described situation and got feedback from different members, and it was much more efficient in collection of information.

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January 25, 2017, 11:16:04 AM
 #126

I have no problem about converting money into bitcoin. You need to sign up on the online wallets only. Just like what I'm doing when I am starting bitcoin. Then after that, even you haven't verify it yet you can buy bitcoin for money or vise-versa. Then you can do what you.want on it, trading , investing or storing.

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January 25, 2017, 01:05:35 PM
 #127

For me if i need my bitcoin to convert into cash quickly i just trade peer-to-peer from a friend i know that exchanges money to bitcoin. I will pay him my bitcoin and send me immediately a cash through some remittance or to my credit card. I pay him with the fees included he ask. It's faster for me than transferring it to banks or cashout through remittance which takes 4 hours or more because you need some verification codes to ensure that you are cashing out.

It seems we are lucky here in our country since an exchange works the same like these except they charge 3.5% for the transaction.  We have an option to convert and cashout thru bank or remittance.  Though it take some time for some option before we receive the money.

Countries like that who can easily purchase bitcoin and can easily convert it to fiat currency are really great. Im from the Philippines and I am thankful to have an escrow services that gives us the comfort of accessing bitcoin instantly. We just need to click cash-out and then we select as to where we will send our money in exchange for the bitcoin.

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January 25, 2017, 01:20:43 PM
 #128

Website wallets are offering different options now so it is not much of a problem anymore. The real problem is the other way around. As of now I still have one option for converting bitcoin to fiat and I think there is a reason for this. They really want bitcoin to be more used than bringing it back to fiat.

Yes, most online wallets give you the option of transferring your fiat and converting them to bitcoins via credit card. There is no geographical limitation on this. but when you go other way around, bitcoin back to fiat, you have to find the local traders who will convert it in your local currency.

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January 25, 2017, 02:03:25 PM
 #129

You can always get a bitcoin debit card or use services we ourselves offer as well:

https://paxful.com/

There are also bitcoin ATM's if you want to do it in person. The best way IMO is to find someone and trade with them. That way you can learn as well.

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January 25, 2017, 02:25:30 PM
 #130

Website wallets are offering different options now so it is not much of a problem anymore. The real problem is the other way around. As of now I still have one option for converting bitcoin to fiat and I think there is a reason for this. They really want bitcoin to be more used than bringing it back to fiat.

Yes, most online wallets give you the option of transferring your fiat and converting them to bitcoins via credit card. There is no geographical limitation on this. but when you go other way around, bitcoin back to fiat, you have to find the local traders who will convert it in your local currency.
Yes, i agree with you.
You can convert money into BTC, there is a lot of online wallet which there is the option of transferring your fiat and converting them to bitcoins via credit card or maybe bank transfer like neteller.
With Xapo wallet you can doing that without any problems, And if you want to convert bitcoin to fiat ( EUR, USD etc...)
- Neteller have this option of deposit with bitcoin and getting fiat.
- You can find local traders to doing this convert for exemple in LocalBitcoins.com

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January 25, 2017, 02:47:02 PM
 #131

Website wallets are offering different options now so it is not much of a problem anymore. The real problem is the other way around. As of now I still have one option for converting bitcoin to fiat and I think there is a reason for this. They really want bitcoin to be more used than bringing it back to fiat.

Yes, most online wallets give you the option of transferring your fiat and converting them to bitcoins via credit card. There is no geographical limitation on this. but when you go other way around, bitcoin back to fiat, you have to find the local traders who will convert it in your local currency.
Of course,nowadays it is so easy to convert your fiat money to Bitcoins.Obviously there such of online wallet could be the best choice.You may use coinbase,Xapo,paxful etc just go any of them that you have interested more and purchase you bitcoin instead of your local money.Though there have multiple option for converting bitcoin to fiat and I think choose your right one which you feel good.

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January 25, 2017, 02:53:40 PM
 #132

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 .
It is the opposite my fellow member. Bitcoin is valued what it is right now due to demand, I doubt that no one will accept your Fiat currency in exchange for their Bitcoin. Also have you look up at your Local Wallet? They offer pretty neat ways on how to convert your Fiat into Bitcoin without following or updating your said information it is like buying candy from a convenience store.

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xIIImaL
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January 25, 2017, 03:00:37 PM
 #133

Website wallets are offering different options now so it is not much of a problem anymore. The real problem is the other way around. As of now I still have one option for converting bitcoin to fiat and I think there is a reason for this. They really want bitcoin to be more used than bringing it back to fiat.

Yes, most online wallets give you the option of transferring your fiat and converting them to bitcoins via credit card. There is no geographical limitation on this. but when you go other way around, bitcoin back to fiat, you have to find the local traders who will convert it in your local currency.

Obviously we have to reach the trader to exchange fiat to bitcoins. Simply to say buying bitcoins from the btc traders. I would suggest you to try with localbitcoins. Where trading is much safer than other site, else you could move to local traders available in your city.

morantis
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January 25, 2017, 06:27:24 PM
 #134

Website wallets are offering different options now so it is not much of a problem anymore. The real problem is the other way around. As of now I still have one option for converting bitcoin to fiat and I think there is a reason for this. They really want bitcoin to be more used than bringing it back to fiat.

Yes, most online wallets give you the option of transferring your fiat and converting them to bitcoins via credit card. There is no geographical limitation on this. but when you go other way around, bitcoin back to fiat, you have to find the local traders who will convert it in your local currency.

Obviously we have to reach the trader to exchange fiat to bitcoins. Simply to say buying bitcoins from the btc traders. I would suggest you to try with localbitcoins. Where trading is much safer than other site, else you could move to local traders available in your city.

anyone that cannot reach a local trader should get off the internet and put that money towards moving to a real city
bitbunnny
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January 25, 2017, 06:43:25 PM
 #135

Website wallets are offering different options now so it is not much of a problem anymore. The real problem is the other way around. As of now I still have one option for converting bitcoin to fiat and I think there is a reason for this. They really want bitcoin to be more used than bringing it back to fiat.

Yes, most online wallets give you the option of transferring your fiat and converting them to bitcoins via credit card. There is no geographical limitation on this. but when you go other way around, bitcoin back to fiat, you have to find the local traders who will convert it in your local currency.

Obviously we have to reach the trader to exchange fiat to bitcoins. Simply to say buying bitcoins from the btc traders. I would suggest you to try with localbitcoins. Where trading is much safer than other site, else you could move to local traders available in your city.

This is my recommendation also, localbitcoins is one of the best ways to buy or sell Bitcoins. I have great experiences because I have trusted local trader there which makes everything much more easier and convenient. You can use your language, your local currency, even arange face to face trading. Good luck!

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Bitcoinsummoner
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January 25, 2017, 06:54:42 PM
 #136

Website wallets are offering different options now so it is not much of a problem anymore. The real problem is the other way around. As of now I still have one option for converting bitcoin to fiat and I think there is a reason for this. They really want bitcoin to be more used than bringing it back to fiat.

Yes, most online wallets give you the option of transferring your fiat and converting them to bitcoins via credit card. There is no geographical limitation on this. but when you go other way around, bitcoin back to fiat, you have to find the local traders who will convert it in your local currency.

Obviously we have to reach the trader to exchange fiat to bitcoins. Simply to say buying bitcoins from the btc traders. I would suggest you to try with localbitcoins. Where trading is much safer than other site, else you could move to local traders available in your city.

This is my recommendation also, localbitcoins is one of the best ways to buy or sell Bitcoins. I have great experiences because I have trusted local trader there which makes everything much more easier and convenient. You can use your language, your local currency, even arange face to face trading. Good luck!
I think there are ome other ways right now that we can convert our money into bitcoin.. many trusted site in perfect money are accepting western union to send money to convert into bitcoin.. much better to check this https://perfectmoney.is/business-partners.html and look for high trusted score.. and try to look for best exchange site that actually accepting other way to pay that exchange site.. many option there..

..Decision from segwit2x is not Final..
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January 25, 2017, 07:08:05 PM
 #137

The most easiest way is to sell to friends who will pay you your money for cash but you might now have to wavesome premium as it is better than losing all because of the way scams are all over the internet space. I have fallen victim before so I know what I'm saying.
morantis
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January 25, 2017, 08:09:56 PM
 #138

The most easiest way is to sell to friends who will pay you your money for cash but you might now have to wavesome premium as it is better than losing all because of the way scams are all over the internet space. I have fallen victim before so I know what I'm saying.

you can't put together a coherent sentence.  you got scammed because you have no clue what is happening around you
Tanic
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January 25, 2017, 08:29:23 PM
 #139

I faced this problem just today. I didn't used my card for a month and totally forgot my pin code to it. And couldn't find the paper from bank where it should be written. I decided to buy some mBTC and transfer it to my boyfriend to he cash it out through his card. But on the site where I always selling my bitcoins to cash it out on my card, YoBit, I just couldn't manage it anyhow. I am very disappointed now.
morantis
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January 25, 2017, 08:34:00 PM
 #140

I faced this problem just today. I didn't used my card for a month and totally forgot my pin code to it. And couldn't find the paper from bank where it should be written. I decided to buy some mBTC and transfer it to my boyfriend to he cash it out through his card. But on the site where I always selling my bitcoins to cash it out on my card, YoBit, I just couldn't manage it anyhow. I am very disappointed now.

this is good, we can keep weeding people like you out and have a nice network soon
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