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Author Topic: Fastest and Cheapest Way to Buy Bitcoin  (Read 46711 times)
WuLabsWuTecH
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June 01, 2013, 06:27:01 AM
 #1

So I am trying to do some calculations to figure out what the fastest and cheapest ways are to buy bitcoins.

Here's what I've come up with so far:

Bank Account --> Dwolla --> CampBX; Cost = 0.25 USD, Time = 3 days (for ACH)
eBay Purchase via PayPal, Cost: Astronomical (about 40-60%); Time = hours
Cash --> BitInstant --> (various); Cost = 1-2%; Time = about 90 minutes


So it looks like ACH to CampBX is cheapest for buying BTC and Bitinstant is the quickest.

Anyone care to add anything to the list that might be cheaper or quicker than I what I've come up with?
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Chet
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June 01, 2013, 06:40:17 AM
 #2

local, with a face-to-face meeting
otc - get into the web of trust
dex1
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June 01, 2013, 08:29:01 AM
 #3

If you are UK resident:

https://bitbargain.co.uk/

I bought several times there using Bank Transfer (there are some other options for Barclays Bank and
Natwest Bank customers called Pingit and Natwest PYC respectively).

It has never taken more than 10 min to receive my BTC. They don't charge anything when you buy.

Prices start from Mt.Gox average up to 2-3% above it. If you want most offers visit them evening time (GMT).


sadpandatech
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June 01, 2013, 07:56:56 PM
 #4

Anyone mind reposting a link to that face-to-face BTC local exchange site for us new people? ;p

If you're not excited by the idea of being an early adopter 'now', then you should come back in three or four years and either tell us "Told you it'd never work!" or join what should, by then, be a much more stable and easier-to-use system. - GA
It is being worked on by smart people. -DamienBlack
cp1
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June 01, 2013, 07:57:32 PM
 #5

localbitcoins.com has escrow and you don't have to wait for confirmations

Guide to armory offline install on USB key:  https://bitcointalk.org/index.php?topic=241730.0
ScottJD
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June 01, 2013, 08:25:39 PM
 #6

It's really annoying that there is not a cheap escrow service. I have a couple of BTC for sale but I just do not want to end up out of pocket. It's a shame there's scammers out there that just rip everyone off and ruin it
ruggedman_dan
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June 02, 2013, 04:56:10 AM
 #7

Cash to BTC via Bitinstant will cost you more than 1-2%. You are looking at 4% plus the $3.95 fee on top of that.

Still, it is probably the best method for someone new to the game. I bought hundreds of coins via Bitinstant last year and it was usually easy as can be.
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June 02, 2013, 12:43:30 PM
 #8

My competitor site at dgtmkt.com - direct deposit via Malaysian bank accounts. Only 10 mins. The fastest in the world and its not even in USA.

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June 02, 2013, 12:44:53 PM
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It's really annoying that there is not a cheap escrow service. I have a couple of BTC for sale but I just do not want to end up out of pocket. It's a shame there's scammers out there that just rip everyone off and ruin it

Here's an escrow, they are based in Australia.
http://btcrow.com/

bitcoinscanada
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June 03, 2013, 07:55:35 PM
 #10

BitcoinsCanada is very fast.
donjonson
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June 05, 2013, 08:17:58 PM
 #11

Hi guys,

I need to buy BTC/LTC and other alts in a continous basis. I need to pay them with credit card or paypal. I need someone to sell me btc and other coins on a regular basis and volume.

We can do very small transactions so you make sure everything is fine and build a trust relationship.

I'm just a simple guy swimming in a sea of sharks.
amunrara
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July 05, 2013, 06:37:32 PM
 #12

BTC-E 4% via OKpay
cp1
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July 05, 2013, 06:56:16 PM
 #13

I'm not sure where you are located, but I heard OKPay wasn't working with US residents.  I haven't tried, though.

Guide to armory offline install on USB key:  https://bitcointalk.org/index.php?topic=241730.0
RapidCoinz
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July 08, 2013, 06:30:00 PM
 #14

In the UK at this point in time, the best and cheapest way is generally through p2p exchanges such as Bitbargain or Localbitcoins. 

There is a new site up called Bittylicious but they averaging around 8% above gox and you can get for around 2-4% on these two platforms above. 

Anyone know of other methods to buy coins if you live on this island commonly known as the united kingdom?
CoinsForTech
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July 09, 2013, 02:58:10 AM
 #15

So I am trying to do some calculations to figure out what the fastest and cheapest ways are to buy bitcoins.

Here's what I've come up with so far:

Bank Account --> Dwolla --> CampBX; Cost = 0.25 USD, Time = 3 days (for ACH)
eBay Purchase via PayPal, Cost: Astronomical (about 40-60%); Time = hours
Cash --> BitInstant --> (various); Cost = 1-2%; Time = about 90 minutes


So it looks like ACH to CampBX is cheapest for buying BTC and Bitinstant is the quickest.

Anyone care to add anything to the list that might be cheaper or quicker than I what I've come up with?

What country are you from?

sayulita
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August 09, 2013, 03:43:23 PM
 #16

www.Bitcoin-Brokers.org

You can buy bitcoin with a cash deposit at the following banks today:

Bank of America
Wells Fargo
Citibank
US Bank
PNC Bank
Chase

Bitcoin in your wallet super fast...same day.

Here is an 8000 view thread talking about the service:

https://bitcointalk.org/index.php?topic=237164.0

metal_jacke1
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September 02, 2013, 03:55:26 PM
 #17

I'm not sure where you are located, but I heard OKPay wasn't working with US residents.  I haven't tried, though.

You're right, they are not. Sad Government tyranny here in America is getting worse. I dont know where else to buy bitcoins.
BitMuncher
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October 04, 2014, 05:10:04 PM
 #18

Is there a good way of buying bitcoin on credit card at all?!

I use virwox and have to currency convert over 3 times before I am able to withdraw in BTC!!!!

Please help!
Driv3n
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October 04, 2014, 06:26:58 PM
 #19

Is there a good way of buying bitcoin on credit card at all?!

I use virwox and have to currency convert over 3 times before I am able to withdraw in BTC!!!!

Please help!

www.circle.com
a447513372
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October 04, 2014, 11:00:07 PM
 #20

Is there a good way of buying bitcoin on credit card at all?!

I use virwox and have to currency convert over 3 times before I am able to withdraw in BTC!!!!

Please help!

www.circle.com
I wouldn't necessarily call this a good way to use a CC to buy bitcoin as you have to pay ~3% to the issuing credit card company and would pay interest right away instead of having the normal grace period before interest is charged

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