Which method can I use to effectively convert fiat to Bitcoin in my scenario ?

[jambola2]

I'm currently in Dubai and have been trying to convince some of my friends to buy BTC.

I've gotten some attention but most of them are asking me for Bitcoin for physical fiat (the currency is AED)
I can decline and tell them to just try to buy it online , but I'd rather help them.
How can I do this ? How exactly can I purchase Bitcoins in Dubai , with fiat ?

Any suggestions ? There are no great offers on localbitcoin either , most have really high fees as compared to current USD cost.

[Coinsera]

I'm currently in Dubai and have been trying to convince some of my friends to buy BTC.

I've gotten some attention but most of them are asking me for Bitcoin for physical fiat (the currency is AED)
I can decline and tell them to just try to buy it online , but I'd rather help them.
How can I do this ? How exactly can I purchase Bitcoins in Dubai , with fiat ?

Any suggestions ? There are no great offers on localbitcoin either , most have really high fees as compared to current USD cost.

I understand that you are in an odd situation but I can't help on this.
Please if anyone can help.

Thanks

[redwhitenblue]

I'm currently in Dubai and have been trying to convince some of my friends to buy BTC.

I've gotten some attention but most of them are asking me for Bitcoin for physical fiat (the currency is AED)
I can decline and tell them to just try to buy it online , but I'd rather help them.
How can I do this ? How exactly can I purchase Bitcoins in Dubai , with fiat ?

Any suggestions ? There are no great offers on localbitcoin either , most have really high fees as compared to current USD cost.

Do you have any BTC yourself currently? If so then you could take cash/fiat from your friends and transfer your BTC to an address that your friends control/specify. Then when you return to a more "friendly" place that you can purchase BTC you can use the fiat to replenish your "supply" of BTC if you desire. You did not specifically say that you are in Dubai temporarily but I did get the impression that you are.

It appears that there are western union locations in Dubai. Another option would be to use localbitcoins to purchase BTC when the seller is accepting payment via western union. I am fairly certain that you could send US dollars to the US (or elsewhere) via western union. You should not do this if you are not comfortable with the risks, and/or do not understand the risks of doing this as even though localbitcoins does utilize escrow, it is not perfect.

[bitbaby]

localbitcoins seems to be the best option as of now or may be you can open a thread in Marketplace and someone might exchange BTC for $ using an escrow service and you can take money from your friends and transfer Bitcoins in their account.

I also heard of a Coinbase/Circle like service called http://bitoasis.net/ which is still in beta phase, you can check them out or ask your queries to them at https://twitter.com/bitoasis and see if you can purchase some bitcoins from them.

[RainMan28]

Maybe try buying some BTC on the #bitcoin-OTC IRC channel on Freenode. A lot of people buy/sell there daily and may have better rates than some localbitcoins person.

Just a thought. Good luck!

[ruggedman_dan]

LBC serves an important role in our crypto world.

You are making a trade off.

You are paying higher fees for the convenience.

Here is my solution: just pay the fee.

Boom.

[Benjig]

Why dont you try to look for an exchange in your area.. i mean if you cant buy from bitstamp, try searching for another one.

[Wardrick]

Post an Ad buying Bitcoins through Western Union, and use DannyHamilton as Escrow. DannyHamilton is in the top 5 Escrow agents on Bitcointalk. It's literally impossible to get scammed as the MTCN code for WU tracks the order from being sent, to waiting for pickup, to received. And if anything comes up you can call Western Union and they will give you all the details of the transaction from who it was sent to, to where it was sent., as long as you keep the receipt with the MTCN and other details on it.