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Author Topic: Easiest way to convert money into BTC?  (Read 10575 times)
Tyrantt
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February 14, 2017, 03:03:35 PM
 #221

Well in Serbia, it's pretty easy. There's an online exchange office for buying and selling bitcoin with the fee of 7% if you're an unregistered member and 6% for registered and they're payout out fast since it's automatic. Tho, if they weren't there I'd probably be exchanging here on the forum.



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February 14, 2017, 03:09:43 PM
 #222

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 coinbase do well. if coinbase support your country, u can direct buy n sell just note that u need to verify your coinbase v your id.

local exchange will be well if u can reach them. as i see more and more exchanger come in.

also in some country they develope bitcoin atm machine. the fee is higher but anytime u can go exchange.



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February 14, 2017, 04:03:48 PM
 #223

https://www.bitquick.co/ for selling
https://www.coinmama.com/ for buying

I actually saw bitquick and thought it must be a scam because of how easy they claimed the process was. You can sell your coins for market value the same day, and get your money same day. No photo verification, no waiting around, instant and low fee. Buying however is a bit more of a hassle, but that's why I'd recommend coinmama for buying. Again, no verification, no waiting around, buy bitcoin instantly. It will cost you a tad bit more however, but their service is still worth it imo.
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February 14, 2017, 04:06:50 PM
 #224

I've found out the best way is to make a friend from localbitcoins that is willing to meet in real life and has always a good supply of cash. That is the way to guarantee that you stay anonymous and dont need to share details. Of course it's annoying having to meet with someone everytime you want to get some damn cash and I hate that but what other options are there anyway?

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February 14, 2017, 05:04:17 PM
 #225

I've found out the best way is to make a friend from localbitcoins that is willing to meet in real life and has always a good supply of cash. That is the way to guarantee that you stay anonymous and dont need to share details. Of course it's annoying having to meet with someone everytime you want to get some damn cash and I hate that but what other options are there anyway?

Agree. When I try to deal on localbitcoins, there are many buyers who give the good exchange rates but unfortunately most of them ask for verified status (which is breach of anonymity, but still they are right at their place) so I usually have to deal with those who have not restricted trades for verified accounts but usually they don’t offer best rates. Now since I am not involved in criminal or illegal activities, I have no issues in verifying my LBTC account but again their automated verification system rejects my documents.

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February 14, 2017, 06:04:49 PM
 #226

Localbitcoins could be easiest and the best solution for me. There you can find local seller from your country and make smooth and quick deal. Maybe it could be a little bit more expensive but you will not have many troubles. You can even find someone there for selling face to face.

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March 28, 2017, 12:58:11 PM
 #227

 :)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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March 28, 2017, 01:07:25 PM
 #228

Here in Philippines are very easy to convert money in bitcoin using online banking, remittances, and also seven eleven those are very easy to add bitcoin. In a minutes you get bitcoin through those one. And through local bitcoin wallet i get bitcoin so easily.

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March 28, 2017, 01:32:17 PM
 #229

It is weird that you have a problem with this, I assert that it is a very easy thing, any of us can do it in just a few minutes. There are lots of places for you to convert your money into bitcoin and vice versa, it's an easy job, you just need to do some work and BTC will be yours. Right here in my hometown, where little bitcoin is known, there are so many websites that I can do it, everything is so convenient, I'm curious, where do you live? Is that a country where no one knows bitcoin. And bitcoin is a luxury thing.

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March 28, 2017, 03:02:17 PM
 #230

 :)I use localbitcoins, pretty simple and straight forward
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March 28, 2017, 03:59:14 PM
 #231

Personally, I have no big problem on this concern since I can easily convert my money (assuming I got one) into Bitcoin and my Bitcoin into the local money I am using. Unfortunately, there are still places on this Earth where people even do not know anything about Bitcoin lest holding one. But hope will slowly change for the better in the coming years.

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March 29, 2017, 03:07:46 PM
 #232

Personally, I have no big problem on this concern since I can easily convert my money (assuming I got one) into Bitcoin and my Bitcoin into the local money I am using. Unfortunately, there are still places on this Earth where people even do not know anything about Bitcoin lest holding one. But hope will slowly change for the better in the coming years.
There are many ways you can convert money into Bitcoin, but it depends on how much money you have and how much you are willing to invest in bitcoin, if you are looking  to spend like thousand dollar on it you can always buy it from online wallets, but if you only have couple hundred dollars you can buy from peer to peer exchange sites like local bitcoin, whereyou can buy and sell bitcoin depending on your location and the method of payment that you want.


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March 29, 2017, 05:24:01 PM
 #233

Personally, I have no big problem on this concern since I can easily convert my money (assuming I got one) into Bitcoin and my Bitcoin into the local money I am using. Unfortunately, there are still places on this Earth where people even do not know anything about Bitcoin lest holding one. But hope will slowly change for the better in the coming years.

Things will change in future for sure when more people will be aware about bitcoins and at a moment if I have convert my money into bitcoins then I do it very smoothly from localbitcoins as that is the safest place I see to buy and sell bitcoins.


 
 
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March 30, 2017, 09:34:27 AM
 #234

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 I am going to base it in my situation here, that would not be a problem for me because in my country we have merchant here who accept bitcoin in different transaction like, shopping online, travel tour local or international, money transfer through remittances outlet nationwide or transferring money through bank account. So whether Bitcoin form bank account or bank account to bitcoin is very easy to use it here. But I don't know in the other country.

                                 
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aubert
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March 30, 2017, 09:39:41 AM
 #235

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

Have you tried other online methods? I've used Reddit to buy bitcoins directly at 90% price, which is better than anything that I can find for Paypal on localbitcoin or coinbase. You can also buy an Amazon giftcard from a third party source with bitcoin and sell that for bitcoin.
The local communities themselves actually could just make some services to simplify the way of their locals buying and selling bitcoin. But, if there's none until now, why don't you take this opportunity? you can get pretty decent profit from the fees itself and you may have potential of building your own bitcoin company, just my 2 cents but, it could also solve the problem which is currently make bitcoiners in your country struggling.

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PeRo
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March 30, 2017, 09:49:18 AM
 #236

You could convert fiat to Bitcoin on a Bitcoin ATM if you have one in your city, they are pretty much everywhere right now. They also follow the value accurately,so you do not have to worry about losing money while converting. If that does not work you could find someone with btc and exchange.

staceyoh
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March 30, 2017, 01:44:39 PM
 #237

There are a lots of way in
converting money into bitcoin.

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FasTroy
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March 30, 2017, 02:41:48 PM
 #238

You could convert fiat to Bitcoin on a Bitcoin ATM if you have one in your city, they are pretty much everywhere right now. They also follow the value accurately,so you do not have to worry about losing money while converting. If that does not work you could find someone with btc and exchange.
Yes i agree with you, But the problem there is a lot of countries that they haven't Bitcoin ATM. So they obligated to exchange there fiat to get bitcoin, Whether online or offline (I mean in the real world).

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March 30, 2017, 03:16:19 PM
 #239

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.
Yes that is the best way to convert fiat or money to bitcoin. Im my country we used an application based wallet where you can do transaction on bitcoin. In here you can convert your money to bitcoin through the store where you can buy specific amount of money and you will recieved it to your wallet address. And if you are going to used your bitcoin there is no need on other wallet because in coin.ph you can also do such things like buying load or paying bills. In every transaction you will do there is a 5% rebate so you can earn while you used bitcoin om transaction. It is fast easy and reliable.



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bitkilo
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March 31, 2017, 08:53:15 AM
 #240

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.
Yes that is the best way to convert fiat or money to bitcoin. Im my country we used an application based wallet where you can do transaction on bitcoin. In here you can convert your money to bitcoin through the store where you can buy specific amount of money and you will recieved it to your wallet address. And if you are going to used your bitcoin there is no need on other wallet because in coin.ph you can also do such things like buying load or paying bills. In every transaction you will do there is a 5% rebate so you can earn while you used bitcoin om transaction. It is fast easy and reliable.
You two know very little about bitcoin don't you?
Can you please tell us what stores and establishments you can go to that will let you convert fiat to bicoin? Has localbitcoins set up shops i don't know about, lol.

Online wallets are also a bad idea to store any bitcoins you may have, remember that if you don't control the private keys you don't control the bitcoins.

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