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Author Topic: Easiest way to convert money into BTC?  (Read 10494 times)
EyeRis
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January 25, 2017, 08:48:26 PM
 #141

i think cryptopay.me is the best , you can buy btc with CC
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January 25, 2017, 08:49:26 PM
 #142

i think cryptopay.me is the best , you can buy btc with CC

doesn't work in the usa does it?
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January 26, 2017, 10:21:06 AM
 #143

Easiest way i can think of to transfer fiat to bitcoin is if you know a friend who already has some and offer to buy some off him, if his a good friend he would probably do the deal for close to market rate.

About the only other options you have are places like localbitcoins and exchages.

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January 26, 2017, 10:37:00 AM
 #144

i think cryptopay.me is the best , you can buy btc with CC

doesn't work in the usa does it?
You said true . Here instead to go for such sites or exchanges . I will suggest to ho for the direct deal . I mean go for the direct deal P2P to convert your money into bitcoin . I will suggest to visit at localbitcoins.com . Because Herr you will find every way of payment to convert you money into bitcoin . Even you can change your gift card into bitcoin .
Otherwise you can start hard work ( like advertisment for signature campaign ) to get bitcoin and then start your bitcoin buisiness in a perfect way .


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January 26, 2017, 10:43:39 AM
 #145

Localbitcoins, and bitcoin ATM's are easiest. On Bitstamp you can again buy bitcoins with credit card, but if I remember right fee is rather big, I think bank took me $40 for $250 purchase. It's not Bitstamp's fee, its my bank fee. Also I bought with local exchange from my country, payed with bank wire, and took me around $20 for $250 purchase.

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January 26, 2017, 02:09:34 PM
 #146

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

It is a good idea, but doesn't such a service exist already? If yes, what is the service's name? I would not necessarily create a new service when someone put this very good idea into a stable implementation already. Thank you for the advice, though!


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January 26, 2017, 02:27:29 PM
 #147

In my country, there are several Bitcoin ATMs. It is one of the easiest and hassle-free ways to convert fiat to BTC. But I have never used them, as the fees is too high (5% to 7% depending on the brand). I have made all of my Bitcoin purchases through Localbitcoins, making the payment through local bank transfer. The government can track this, and I am a bit worried.
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January 26, 2017, 02:47:01 PM
 #148

In my country, there are several Bitcoin ATMs. It is one of the easiest and hassle-free ways to convert fiat to BTC. But I have never used them, as the fees is too high (5% to 7% depending on the brand). I have made all of my Bitcoin purchases through Localbitcoins, making the payment through local bank transfer. The government can track this, and I am a bit worried.

The fees are really too high and that's already a good savings to my bank account but here in my country there is no bitcoin ATM at the moment. But most of my fellow countrymen are using virwox, localbitcoins and coinbase for buying bitcoins. Although most of them are good enough but the fees are really killing me.

Localbitcoins and Coinbase is OK. But VirWox? I remember purchasing Bitcoins through VirWox in 2012. First I had to purchase Second Life Linden Dollars using my credit card, and then use these Linden Dollars to purchase Bitcoins. In the end I paid around 20% premium. That was the first and last time I tried purchasing Bitcoins through VirWox.
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January 26, 2017, 02:59:10 PM
 #149

In my country, there are several Bitcoin ATMs. It is one of the easiest and hassle-free ways to convert fiat to BTC. But I have never used them, as the fees is too high (5% to 7% depending on the brand). I have made all of my Bitcoin purchases through Localbitcoins, making the payment through local bank transfer. The government can track this, and I am a bit worried.

The fees are really too high and that's already a good savings to my bank account but here in my country there is no bitcoin ATM at the moment. But most of my fellow countrymen are using virwox, localbitcoins and coinbase for buying bitcoins. Although most of them are good enough but the fees are really killing me.

Localbitcoins and Coinbase is OK. But VirWox? I remember purchasing Bitcoins through VirWox in 2012. First I had to purchase Second Life Linden Dollars using my credit card, and then use these Linden Dollars to purchase Bitcoins. In the end I paid around 20% premium. That was the first and last time I tried purchasing Bitcoins through VirWox.

I also used Virwox many times but not because I needed to buy Bitcoin.
In fact, I had to exchange some of my BTC funds to Paypal, in order to join some online business.
I didn't find better exchange service btc-pypal from Virwox.
As you know, it's not possible to directly exchange funds between Paypal and your btc wallet.
Their fees?
Yes, high but not 20 %, more between 10-12 % from my experience.

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January 26, 2017, 03:16:52 PM
 #150

In my country, there are several Bitcoin ATMs. It is one of the easiest and hassle-free ways to convert fiat to BTC. But I have never used them, as the fees is too high (5% to 7% depending on the brand). I have made all of my Bitcoin purchases through Localbitcoins, making the payment through local bank transfer. The government can track this, and I am a bit worried.

The fees are really too high and that's already a good savings to my bank account but here in my country there is no bitcoin ATM at the moment. But most of my fellow countrymen are using virwox, localbitcoins and coinbase for buying bitcoins. Although most of them are good enough but the fees are really killing me.

Localbitcoins and Coinbase is OK. But VirWox? I remember purchasing Bitcoins through VirWox in 2012. First I had to purchase Second Life Linden Dollars using my credit card, and then use these Linden Dollars to purchase Bitcoins. In the end I paid around 20% premium. That was the first and last time I tried purchasing Bitcoins through VirWox.

I also used Virwox many times but not because I needed to buy Bitcoin.
In fact, I had to exchange some of my BTC funds to Paypal, in order to join some online business.
I didn't find better exchange service btc-pypal from Virwox.
As you know, it's not possible to directly exchange funds between Paypal and your btc wallet.
Their fees?
Yes, high but not 20 %, more between 10-12 % from my experience.


virwox is high, but you are in and out in less than a minute, they may hold any of your transactions though, based on some security issue they have that they will never disclose
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January 26, 2017, 04:12:46 PM
 #151

Either converting money to btc or btc to money I would prefer to do it on localbitcoins as that is the most trusted site with trusted traders and they use escrow services so there is no chance of getting cheated so whenever I have to sell my bitcoins I prefer it to do it on localbitcoins.
It is true that local bitcoins is a great way to sell bitcoin, but in my opinion it is not a good way to buy as the users propose a price that is higher than the current bitcoin value and that is not a good investment, for me I think buying bitcoin directly from bitcoin wallets is at the time safe and you get to buy with the same price as the current price.



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January 26, 2017, 04:42:56 PM
 #152

Easiest way i can think of to transfer fiat to bitcoin is if you know a friend who already has some and offer to buy some off him, if his a good friend he would probably do the deal for close to market rate.

About the only other options you have are places like localbitcoins and exchages.

I also think that a friend who wants to buy Bitcoin is the best option. Fortunately I know one guy who purchased from me already couple of times. And he's glad about the deal since BTC rised since then. Of course I know it's much trickier to find a person who would buy bigger amounts, mine were around $20 worth of Bitcoin.

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January 26, 2017, 05:05:43 PM
 #153

Easiest way i can think of to transfer fiat to bitcoin is if you know a friend who already has some and offer to buy some off him, if his a good friend he would probably do the deal for close to market rate.

About the only other options you have are places like localbitcoins and exchages.

I also think that a friend who wants to buy Bitcoin is the best option. Fortunately I know one guy who purchased from me already couple of times. And he's glad about the deal since BTC rised since then. Of course I know it's much trickier to find a person who would buy bigger amounts, mine were around $20 worth of Bitcoin.
Well, this may be a bit similar to what I experienced, but I was in the opposite position. I also always exchange money I have with bitcoin through my friends. Well, I know he always sells bitcoin its price is quite high, but I'm glad if it has a very fast process.

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January 26, 2017, 05:20:50 PM
 #154

Either converting money to btc or btc to money I would prefer to do it on localbitcoins as that is the most trusted site with trusted traders and they use escrow services so there is no chance of getting cheated so whenever I have to sell my bitcoins I prefer it to do it on localbitcoins.
It is true that local bitcoins is a great way to sell bitcoin, but in my opinion it is not a good way to buy as the users propose a price that is higher than the current bitcoin value and that is not a good investment, for me I think buying bitcoin directly from bitcoin wallets is at the time safe and you get to buy with the same price as the current price.

Local bitcoin can be a bit troublesome because some agent may hide your identity to see if you have the MTL to sell your bitcoin and arrest you if not, other people may steal your money in real life when you go to meet them after you agree on the transaction on localbitcoin, i prefer to use a simple exchange like kraken that do not ask for ID
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January 26, 2017, 05:24:55 PM
 #155

Either converting money to btc or btc to money I would prefer to do it on localbitcoins as that is the most trusted site with trusted traders and they use escrow services so there is no chance of getting cheated so whenever I have to sell my bitcoins I prefer it to do it on localbitcoins.
It is true that local bitcoins is a great way to sell bitcoin, but in my opinion it is not a good way to buy as the users propose a price that is higher than the current bitcoin value and that is not a good investment, for me I think buying bitcoin directly from bitcoin wallets is at the time safe and you get to buy with the same price as the current price.

Local bitcoin can be a bit troublesome because some agent may hide your identity to see if you have the MTL to sell your bitcoin and arrest you if not, other people may steal your money in real life when you go to meet them after you agree on the transaction on localbitcoin, i prefer to use a simple exchange like kraken that do not ask for ID

they cannot arrest you, it is used as a commodity transfer
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January 26, 2017, 06:04:57 PM
 #156


Either converting money to btc or btc to money I would prefer to do it on localbitcoins as that is the most trusted site with trusted traders and they use escrow services so there is no chance of getting cheated so whenever I have to sell my bitcoins I prefer it to do it on localbitcoins.
It is true that local bitcoins is a great way to sell bitcoin, but in my opinion it is not a good way to buy as the users propose a price that is higher than the current bitcoin value and that is not a good investment, for me I think buying bitcoin directly from bitcoin wallets is at the time safe and you get to buy with the same price as the current price.
Yes  localbitcoins is the best place to sell and buy your bitcoins.  But I will use local exchanger in my country to sell my bitcoins. They will give you exact price what the Google showing and in sometime the price is higher than that. So find any local exchanger otherwise bitcoin wallets is the best and safe place to convert your money to bitcoins.

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January 27, 2017, 02:32:19 AM
 #157

Localbitcoins, and bitcoin ATM's are easiest. On Bitstamp you can again buy bitcoins with credit card, but if I remember right fee is rather big, I think bank took me $40 for $250 purchase. It's not Bitstamp's fee, its my bank fee. Also I bought with local exchange from my country, payed with bank wire, and took me around $20 for $250 purchase.
All of the website that has feature of buying bitcoins using credit cards has a big fee the best thing to convert money into bitcoins is to find a legit seller not in the website because website is a business it has automatically have a fee when you transacting but when you buy in people you will get a discount.

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January 27, 2017, 02:56:47 AM
 #158

Localbitcoins, and bitcoin ATM's are easiest. On Bitstamp you can again buy bitcoins with credit card, but if I remember right fee is rather big, I think bank took me $40 for $250 purchase. It's not Bitstamp's fee, its my bank fee. Also I bought with local exchange from my country, payed with bank wire, and took me around $20 for $250 purchase.
All of the website that has feature of buying bitcoins using credit cards has a big fee the best thing to convert money into bitcoins is to find a legit seller not in the website because website is a business it has automatically have a fee when you transacting but when you buy in people you will get a discount.

every time check both localbitcoins and paxful prior to making another trade elsewhere.  right now, i am using paxful for changing bitcoins to american express serve and the exchange is nearly even money.  I did a small one recently as an example and got $4.01 of serve for $4.18 of BTC.  That does not account for the 0.0005 fee to move the BTC in, but that is nothing.

i wish i knew what was up with these guys and squarepay.  i cannot bring myself to do it, but they often offer 500% for BTC to squarepay.  I do have a squarepay account, but have no idea what their policies are on reversed TX's.  if it was paypal, i would expect a near immediate reverse on a payment with a 500% pop, serve does not allow reversals.  there is either a scam there or they have a shitload of btc that they want to unload.

alos, paxful allows almost anyone to post a trade and use only the built in escrow.  localbitcoins wants a $400 deposit in addition to the amount of the posted ad.  so, if i want to post a paxful ad for $50 BTC to whatever, i only need the $50 in btc in the account, on localbitcoins i would need $450 in the account.  that means a lbc user has a little more to lose scamming, but if you use either site right, you are fine, since both sites hold the funds in escrow until you say to release them.
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January 27, 2017, 03:19:45 AM
 #159


Yes  localbitcoins is the best place to sell and buy your bitcoins.  But I will use local exchanger in my country to sell my bitcoins. They will give you exact price what the Google showing and in sometime the price is higher than that. So find any local exchanger otherwise bitcoin wallets is the best and safe place to convert your money to bitcoins.

It seems localbitcoins is a popular choice and I do agree. aside from local bitcoins you can also buy in trading exchanges and there are plenty of it. Also a local wallet is a good way to exchange or convert to btc like in the case of coins.ph .

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January 27, 2017, 03:26:35 AM
 #160


Yes  localbitcoins is the best place to sell and buy your bitcoins.  But I will use local exchanger in my country to sell my bitcoins. They will give you exact price what the Google showing and in sometime the price is higher than that. So find any local exchanger otherwise bitcoin wallets is the best and safe place to convert your money to bitcoins.

It seems localbitcoins is a popular choice and I do agree. aside from local bitcoins you can also buy in trading exchanges and there are plenty of it. Also a local wallet is a good way to exchange or convert to btc like in the case of coins.ph .

i would like to see lbc and paxful expand a little bit on the crypto.  they would gain a lot of people if they would even add the big three, ltc and doge and btc.  the biggest losses in btc trading that i can see, except outright losses is in moving too small of amounts here and there, trying for the best option
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