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Author Topic: First time, where to buy ?  (Read 1650 times)
FrenchWoofy
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June 13, 2017, 04:56:39 PM
 #1

Hello,

I would like to buy a few altcoins, which websites are the safest to buy from with a credit card ?
Also are there any fees ? How can I know if a website is trustworthy ?

Example:
I buy 10 coins valued 1$/u.
Will I spend 10$ to get them in my wallet ?
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newbi462
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June 13, 2017, 05:05:22 PM
 #2

Example:
I buy 10 coins valued 1$/u.
Will I spend 10$ to get them in my wallet ?

To answer your direct question: you will spend more than $1 to $1. At a minimum, any broker that takes credit card would charge you a small % fee to buy if for no other reason than they pay fees to do so, and then you have the blockchain fees...


Hello,

I would like to buy a few altcoins, which websites are the safest to buy from with a credit card ?
Also are there any fees ? How can I know if a website is trustworthy ?


You also asked about "buy from with a credit card": well which "altcoins"? Some altcoins are on some but not all brokers/exchanges that take credit card, but most altcoins are only on the COIN TO COIN trades where you would need to buy something they take and then TRADE it for the altcoins. This would also have a small fee to do.

So how you would get there from here really depends on which altcoins.
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June 13, 2017, 05:20:49 PM
 #3

How can I know if a website is trustworthy ?

First, here's a list of bitcoin exchanges: https://bitcoin.org/en/exchanges

You don't mention what country you're in and this detail may impact which exchange you can/want to use.

As for whether it's reputable, one way to find out is once you've selected an exchange search for posts on this forum related to that exchange. If you get several, generally positive mentions about the exchange you could assume it's reputable. If people have had problems you'll probably see threads about it here. And if there's no mention of it on this forum at all, proceed with caution!

I use Coinbase for BTC, ETH, and LTC. Coinbase operates in many countries around the world and they do charge fees for their services but they are mighty convenient. If you're willing to wait a few days for the transaction to settle (meaning having access to your coins to spend or transfer to another wallet) you can do a purchase direct from a dedicated savings or checking account and the fees will below, less than 2% (whereas using a debit/credit card will be 3.99%).

Good luck to you!

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June 14, 2017, 01:26:33 AM
 #4

I buy 10 coins valued 1$/u.
Will I spend 10$ to get them in my wallet ?
depends on how many inputs there are
you can always try sending for $0.001, you will just wait way longer to it to confirm

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Velkro
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June 14, 2017, 01:30:36 AM
 #5

I would like to buy a few altcoins, which websites are the safest to buy from with a credit card ?
Most known websites with biggest trust and longest working ones. Try coinbase/bitstamp etc. only most known and reliable.

Example:
I buy 10 coins valued 1$/u.
Will I spend 10$ to get them in my wallet ?
You will spend whatever exchange will charge you to withdraw them. Probably around $0.2-$5 depends on amount of transactions and actual costs of exchanges.

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June 14, 2017, 02:27:59 AM
 #6

If you're a first time in the world of crypto currency i suggest to buy and invest your money in the worlds main crypto currency that is using and that is bitcoin cause investing in some altcoin might lose your money cause a lot of altcoins this days are just a bunch of scams that is being displayed in major exchanges. Bitcoin is a safe haven to store all your assets and if you want to trade a little bit you can buy some altcoins, just remember altcoins are only good in short term investment unlike bitcoin that has milllions of supports from devs, local or online business and being used a payment in goods and services, many countries already adopted it. You can buy alts and BTC in poloniex or cryptopia.

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noictib
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June 14, 2017, 03:06:10 AM
 #7

Hello,

I would like to buy a few altcoins, which websites are the safest to buy from with a credit card ?
Also are there any fees ? How can I know if a website is trustworthy ?

Example:
I buy 10 coins valued 1$/u.
Will I spend 10$ to get them in my wallet ?
Here I will suggest you to direct buy and sell of your Bitcoin and money at the trading exchange site .
Just visit at localbitcoins.com and make your account and very your account with details . After verification you can make buy and sell both . Probably you will be able to get any payment way in your local at the local Bitcoins.com and then buy Bitcoin at your Bitcoin address ( first make your account at blockchain.info and you will get Bitcoin address ) .
Now  , create a account at your.net/poloniex/bitrex/btc-e/cryptopia.co.nz/livecoin/nova ( all these are exchange ,as an newbie I will recommend for yobit.net ) .
Finally transfer your Bitcoin at yobit like exchange and buy any coin or altcoins with your Bitcoin .


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June 14, 2017, 09:35:23 AM
 #8

Firstly, You can purchase some bitcoins with your credit/debit card. You can transfer those bitcoin to a trusted trading site eg. Yobit, Cryptopia, etc. Here you can now purchase some altcoins with your bitcoins. You can buy them at low and sell them once they are high. You can use proper research and proper trading skills to make some profit. If you just want to get some altcoins, you can get them on a number of sites. Trading altcoins is a really good way to make money online.

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June 18, 2017, 05:01:55 PM
 #9

How can I know if a website is trustworthy ?

First, here's a list of bitcoin exchanges: https://bitcoin.org/en/exchanges


There are just way too many websites out there and this list is only the minimum. But I suggest you buy btc or eth first then trade with these. Also keep in mind that different websites may list different coins.
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June 19, 2017, 06:24:24 AM
 #10

IMO, rather than using credit card use either (local) bank transfer or Skrill. Also, since the amount is quite low, I would suggest you to first purchase BTC from localbitcoins, and then convert it to the altcoin of your choice using exchanges such as BTC-e, Bittrex, or YoBit.

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June 19, 2017, 10:17:13 AM
 #11

Hi i am also new here.. please advise where is best place to buy bitcoin with credit card?
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June 19, 2017, 11:53:47 AM
 #12

Hello,

I would like to buy a few altcoins, which websites are the safest to buy from with a credit card ?
Also are there any fees ? How can I know if a website is trustworthy ?

Example:
I buy 10 coins valued 1$/u.
Will I spend 10$ to get them in my wallet ?

Your best move to prevent scams is to just use the top and famous bitcoin/crypto exchanges. One good option is http://bitfinex.com


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June 19, 2017, 02:14:45 PM
 #13

I would like to buy a few altcoins, which websites are the safest to buy from with a credit card ?
Also are there any fees ? How can I know if a website is trustworthy ?

Keyword: "altcoins"! Not all altcoins can be bought for $. Most likely you will have to make several transactions and pay a few fees.
Fees are everywhere! This is the basis for the functioning of any intermediary.

Try localbitcoins.com or btc-e.com

Example:
I buy 10 coins valued 1$/u.
Will I spend 10$ to get them in my wallet ?

In the best case, you will spend $ 11  Smiley
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June 19, 2017, 03:32:51 PM
 #14

Hello,

I would like to buy a few altcoins, which websites are the safest to buy from with a credit card ?
Also are there any fees ? How can I know if a website is trustworthy ?

Example:
I buy 10 coins valued 1$/u.
Will I spend 10$ to get them in my wallet ?

you can buy it from bitstamp, and you will get them in exchange wallet maybe you will need more than $10

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June 19, 2017, 09:44:41 PM
 #15

Go for btc-e.com it's more convenient unlike others.
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June 20, 2017, 05:19:26 AM
 #16

There are many website where you can buy ALT coin, generally i would suggest you Bittrex.com , Hitbtc.com  , Liqui.io (new one), poloneix.com ETC is the best to me. You can visit those site and can cheek the charges.

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June 20, 2017, 06:00:50 AM
 #17

You could buy ethereum and litecoin in coinbase with credit card but the fees are quite high
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June 20, 2017, 06:07:17 AM
 #18

If my suggestion, you better buy in market available in your own country,
For crypto alltcoin there must be selling in most countries with credit cards.

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June 20, 2017, 07:02:04 AM
 #19

I dont think you can get altcoins with credit card, instead you can purchase bitcoin with credit card and then convert it to altcoins.
Purchasing bitcoin with credit card goes to manual check, the process may be longer and may take some time to complete the transaction. The maximum transaction fees for bitcoin will be 0.0005 bitcoin, you can also increase the transfer fees to speed up the transaction. You can purchase bitcoins and then transfer it to yobit or cryptopia or any other exchange platform and then you can convert it to altcoins to start your trading.

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June 20, 2017, 09:47:21 AM
 #20

Hello there

For example I buy BTC on Bitstamp (it's the only one I have found with credit card purchase) although there is a 8 EUR fee for buying BTC worth 100 eur, that leaves me with 100-8 = 92 eur worth BTC.

After that I send the BTC into Kraken and there I exchange them in various altcoins.

Hope this helps.

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