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Author Topic: Easiest way to convert money into BTC?  (Read 10580 times)
craked5
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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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CyberKuro
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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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January 18, 2017, 07:34:24 AM
 #37

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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