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Author Topic: Easiest way to convert money into BTC?  (Read 10575 times)
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January 27, 2017, 03:35:19 AM
 #161


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 too suggest localbitcoins.com as it is one among the licensed service provider globally. Making trade to convert bitcoin bitcoin to fiat using our forum seems good, because you'll gain trust rate depending upon the service provided. Eventually this helps in making a good earning with other services too just because of your trust rate.


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January 27, 2017, 03:43:33 AM
 #162


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 too suggest localbitcoins.com as it is one among the licensed service provider globally. Making trade to convert bitcoin bitcoin to fiat using our forum seems good, because you'll gain trust rate depending upon the service provided. Eventually this helps in making a good earning with other services too just because of your trust rate.

i have used lbc on and off for a long time and i have heard some sellers talk about reaching their limit, be it monthly or otherwise.  i have no idea what these limits are or how they change.  other sites are clear about limits based on varied kyc verification levels.  their security is pretty good and the escrow seems flawless, but i can warn about this.  i set up 2fa using a local authenticator program and the PC crashed without me backing up the 2fa codes.  support from lbc regarding this is not good, although it may be the government restricting them.  the only option is to request that 3fa be removed from your account, answer some questions and then wait two weeks.  i was torn between that and working on getting the info from the hard drive. i ended up simply creating a new account and lost all my past feedback scores.

if you use 2fa, you can be cut from many accounts with simple things.  your phone number changing, a PC crash, any number of issues can lock you out of important accounts.  back up pc 2fa software files and i now use an internet phone number(google voice) for things like that in case i lose my phone number for some reason
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January 27, 2017, 03:48:49 AM
 #163

You can buy bitcoins at localbitcoins.com via cash trade in person or cash deposit.They provide escrows and connect  you with sellers.You can also try wall of coins,a peer to peer bitcoin exchange, where you can receive bitcoins within 15 minutes after you cash deposit. The Mycelium bitcoin wallet for android offers a feature called Local Trader.Using it, you can find sellers in your area and meet them in person to buy bitcoins with cash.
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January 27, 2017, 03:54:15 AM
 #164

You can buy bitcoins at localbitcoins.com via cash trade in person or cash deposit.They provide escrows and connect  you with sellers.You can also try wall of coins,a peer to peer bitcoin exchange, where you can receive bitcoins within 15 minutes after you cash deposit. The Mycelium bitcoin wallet for android offers a feature called Local Trader.Using it, you can find sellers in your area and meet them in person to buy bitcoins with cash.

i like that option you just described for the app.  i wanted to code a location system into a bitcoin wallet for various reasons. i have coin.space installed on a windows phone and it can find another user via the app and location. 

i thought a neat thing for BTC with the location built into a mobile wallet would be a scavenger hunt.  something like the pokemon craze, but bitcoin wallet based.  go to a certain location and automatically receive some BTC.  would be nice for pushing customers into local businesses
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January 27, 2017, 03:55:42 AM
 #165

Using an anonymous (semi) service could be used such as Localbitcoins or Paxful, but they usually charge high exchange rates, you could also try the currency exchange part of this forums which showcases a lot of trusted members here.

If you're willing to use your ID to verify and everything you could use Coinbase, Kraken, or any of the big bank style exchanges.


Good luck!

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January 27, 2017, 04:29:51 AM
 #166

For me it is more easier for me to use localbitcoins for local currencies. We have a wallet that is connected to remittance center and some bank for cash outs. We can only use it here in our country. It is more easier for us to convert our bitcoins in to local currency, We have many ways how to do it. 

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January 27, 2017, 04:40:05 AM
 #167

For me it is more easier for me to use localbitcoins for local currencies. We have a wallet that is connected to remittance center and some bank for cash outs. We can only use it here in our country. It is more easier for us to convert our bitcoins in to local currency, We have many ways how to do it. 

i have not familiar with what you mean by "remittance center", can you give a quick definition?
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January 28, 2017, 09:31:55 AM
 #168

For me it is more easier for me to use localbitcoins for local currencies. We have a wallet that is connected to remittance center and some bank for cash outs. We can only use it here in our country. It is more easier for us to convert our bitcoins in to local currency, We have many ways how to do it. 
I do not like localbitcoin because it does not strongly support my country. It is hard to make a trade there and I do not trust anyone in localBitcoin. Therefore, if you know some real traders in your local area, contacting them is more better. I like to buy Bitcoin face to face and it also encourage friendship between me and the seller.

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January 28, 2017, 09:40:03 AM
 #169

For me it is more easier for me to use localbitcoins for local currencies. We have a wallet that is connected to remittance center and some bank for cash outs. We can only use it here in our country. It is more easier for us to convert our bitcoins in to local currency, We have many ways how to do it. 

i have not familiar with what you mean by "remittance center", can you give a quick definition?

Remittance center like Western Union. I think he is living in a country where bitcoin is being accepted with those remittance center that he is saying. Here in my country you can just simply convert your fiat into bitcoin by simply visiting a convenience store. If you are guys familiar with 7/11 store, they are using 7-connect for purchasing bitcoins.



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January 28, 2017, 09:45:42 AM
 #170

Easy and anonymous: ATMs. Just bring your money there and buy Bitcoins with it, without having to send any personal information and without having to complete any transactions such as bank wires to get your Bitcoins. I have used them for about 10 times and it is worth it. The only bad thing, which is unnoticeable for small amounts exchanged, is the selling price they offer - the ATM I am going to is offering a +30$ price over Preev's exchange rate. But still worth it even paying $30 for a $920 exchange than putting your personal data anywhere.

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February 07, 2017, 03:23:46 PM
 #171

I don't have knowledge how other people use and convert bitcoin into fiat currency or fiat currency to bitcoin because I use a simple and troubleless way of converting.

I have a local trader who used to sell me bitcoin in lowest price and use to buy bitcoin from me at a high rate all over my nation, and what about security? Yea its nothing to mention about the security Becuase he does all the task by himself I just pay once and rest back in my life and my wallet get filled up with money.
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February 07, 2017, 03:57:53 PM
 #172

Easy and anonymous: ATMs. Just bring your money there and buy Bitcoins with it, without having to send any personal information and without having to complete any transactions such as bank wires to get your Bitcoins. I have used them for about 10 times and it is worth it. The only bad thing, which is unnoticeable for small amounts exchanged, is the selling price they offer - the ATM I am going to is offering a +30$ price over Preev's exchange rate. But still worth it even paying $30 for a $920 exchange than putting your personal data anywhere.

Exactly, convenience costs money, especially something as convenient as a bitcoin atm.
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February 09, 2017, 03:51:11 PM
 #173

Hello guys, do you know any virtual card services that accept fiat from third parties. I need the services which can accept id and ub as verification docs but don't require to confirm  phone number for full verification, maybe you can recommend something? Thank you!

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February 09, 2017, 07:27:45 PM
 #174

I don't have knowledge how other people use and convert bitcoin into fiat currency or fiat currency to bitcoin because I use a simple and troubleless way of converting.

I have a local trader who used to sell me bitcoin in lowest price and use to buy bitcoin from me at a high rate all over my nation, and what about security? Yea its nothing to mention about the security Becuase he does all the task by himself I just pay once and rest back in my life and my wallet get filled up with money.
Everyone have their own method to convert BTC to fiat and Fiat to BTC. Now we all have some third party exchanger in all country. In my country we have some exchange in that few people will buy our coins for a high price but the site looks not good and not much recommended. Only one site is good recommended, but they will buy my coins exact price what Google shows. And their selling price is very much high so I will not buy any coins only I will sell my coins.
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February 10, 2017, 07:33:16 AM
 #175

I don't have knowledge how other people use and convert bitcoin into fiat currency or fiat currency to bitcoin because I use a simple and troubleless way of converting.

I have a local trader who used to sell me bitcoin in lowest price and use to buy bitcoin from me at a high rate all over my nation, and what about security? Yea its nothing to mention about the security Becuase he does all the task by himself I just pay once and rest back in my life and my wallet get filled up with money.

Im also using a simple way of converting bitcoin into fiat. Whenever i have bitcoin in my wallet, i just simply request for cash out in my preferred mode of payment and I will go in the remittance center and once i claim my cash out, it is automatic in fiat and no need to request for convertion.

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February 10, 2017, 08:41:57 AM
 #176

From recently one of the banks in my country is connected with online exchange, now its easier then ever before to buy or sell bitcoins.
With the time bitcoin is more present and accessible, for couple years I expect even more ways and services to show up. Bitcoin is making progress everywhere, its growing into something really big.

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February 10, 2017, 08:47:12 AM
 #177

From my local exchange, there are already a lot of options in which you can exchange your bitcoin into cash. You can redeem them at money remittance centers, via online banking or in participating banks’ ATMS. I always choose online fund transfer thru my bank because I can do it anywhere and anytime. Plus it saves me the hassle of going far just to convert my bitcoin to cash.
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February 10, 2017, 08:55:26 AM
 #178

You can buy bitcoins at localbitcoins.com via cash trade in person or cash deposit.They provide escrows and connect  you with sellers.You can also try wall of coins,a peer to peer bitcoin exchange, where you can receive bitcoins within 15 minutes after you cash deposit. The Mycelium bitcoin wallet for android offers a feature called Local Trader.Using it, you can find sellers in your area and meet them in person to buy bitcoins with cash.

i like that option you just described for the app.  i wanted to code a location system into a bitcoin wallet for various reasons. i have coin.space installed on a windows phone and it can find another user via the app and location. 

i thought a neat thing for BTC with the location built into a mobile wallet would be a scavenger hunt.  something like the pokemon craze, but bitcoin wallet based.  go to a certain location and automatically receive some BTC.  would be nice for pushing customers into local businesses

Thank you for giving details about mycelium bitcoin app of locating bitcoin users nearby locally, because i use to go to localbitcoin and search the buyer and sell my bitcoins and i was thinking of this type of app and now i got it. It is very usefull if any time we are stuck in need of money then this app will surely help us if any of the local bitcoiner is nearby to help it.














 

 

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NEWGOODOUBLE
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February 10, 2017, 09:33:20 AM
 #179

For me it is more easier for me to use localbitcoins for local currencies. We have a wallet that is connected to remittance center and some bank for cash outs. We can only use it here in our country. It is more easier for us to convert our bitcoins in to local currency, We have many ways how to do it. 

i have not familiar with what you mean by "remittance center", can you give a quick definition?
I think what he meant by using the local exchange. he can withdraw the money directly to local banks without the need to enter complicated as swift code or the like.
wintermeasures
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February 10, 2017, 09:39:23 AM
 #180

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 have Only Two Ways By Which you can Convert your Money into Bitcoins that are as Follows:-
1) You can Convert your Money into Bitcoins Directly By Just Purchasing it From Localbitcoins.com website.....
2) Or You Can Find a Bitcoin Trader in your Area then you can Exchange your Money into Bitcoins through the Exchanger......
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