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Author Topic: If bitcoin is going to take off...  (Read 1967 times)
dave3
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March 06, 2012, 04:04:12 AM
 #1

I think there needs to be an easier way to buy bitcoins.

I'm sort of a nerd to start with, and I've spent a few days reading up on bitcoins, and it's still a little intimidating.

I opened an account at mtgox.  But wait, you can't just buy bitcoins directly.  You go through AurumXchange.  Ok, so I also opened an account at AurumXchange.

But wait!  You can't just buy bitcoins with accounts from mtgox and aurumXchange, you also have to link some other service to aurumXchange, like Liberty Reserve.

But wait again!  You can't just buy bitcoins from mtgox + aurumXchange + Liberty Reserve, you've got to use yet another service to fund Liberty Reserve!

So there's at least 4 different services and accounts required to buy a bitcoin!

I can't imagine the general public willing to jump through all those hoops.
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March 06, 2012, 04:15:10 AM
 #2

I totally agree with you. This is probably the biggest single sticking point (at least for newbies). For what it's worth. I was pretty happy with get-bitcoin.com on the two occasions I used them. (Both times buying BTC, having tried selling any that way yet.) You don't even need to sign up, you just give them a bitcoin address, and send money though one of several methods. On the other hand it doens't have quite the reputation of Mt. Gox, so I supposed I'd be nervous using them for a really big translation.
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March 06, 2012, 04:52:00 AM
 #3

Does Dwolla still work with Gox? It's cheap and only one other account to set up.

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March 06, 2012, 04:54:52 AM
 #4

I believe http://www.btcinstant.com is working on a way to pay for bitcoins with their own  pre-paid card.
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March 06, 2012, 05:17:14 AM
 #5

mtgox exactly not the place where to get your [first] Bitcoins. Do not be confused by the word "exchange". mtgox is the place for trading not exchanging your spare cash. There are many places where you can just buy Bitcoins at fixed price without hassle.
dcc4e
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March 06, 2012, 05:31:27 AM
 #6

Is there a reason you can't use Dwolla?  With Dwolla you just transfer from your bank to them and after a few days you can transfer to mtgox.

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I can't imagine the general public willing to jump through all those hoops.

Getting bitcoins won't be as difficult as they become more popular.  You will be able to just buy them off a friend.  Such as right now anybody that knows me in person has no trouble getting bitcoins.



dave3
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March 06, 2012, 06:00:58 AM
 #7

mtgox exactly not the place where to get your [first] Bitcoins. Do not be confused by the word "exchange". mtgox is the place for trading not exchanging your spare cash. There are many places where you can just buy Bitcoins at fixed price without hassle.

Where are some of the better places you'd recommend, where you can just buy bitcoins at a fixed price without hassle?
dave3
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March 06, 2012, 06:03:28 AM
 #8

Is there a reason you can't use Dwolla?  With Dwolla you just transfer from your bank to them and after a few days you can transfer to mtgox.

I think Dwolla is for the USA only.  While my primary bank account is in the USA, I'm living overseas, so I don't think it will work if it requires a physical USA address.
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March 06, 2012, 06:47:42 AM
 #9

mtgox exactly not the place where to get your [first] Bitcoins. Do not be confused by the word "exchange". mtgox is the place for trading not exchanging your spare cash. There are many places where you can just buy Bitcoins at fixed price without hassle.

Where are some of the better places you'd recommend, where you can just buy bitcoins at a fixed price without hassle?


If it's ease you're looking for, try dialcoin.com.   The fees are quite high, but you can get Bitcoins with a cellphone almost instantly.

They might not work in the US though.

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March 06, 2012, 06:48:04 AM
 #10

Why taking off?

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March 06, 2012, 07:14:43 AM
 #11

Perhaps this will help you:
 - http://en.bitcoin.it/wiki/Buying_bitcoins

dave3
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March 06, 2012, 07:34:36 AM
 #12

Why taking off?

By taking off, I mean becoming popular and accepted by the masses.  Like paypal, for example.

That would be a good thing, right?
dave3
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March 06, 2012, 08:47:35 AM
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If it's ease you're looking for, try dialcoin.com.   The fees are quite high, but you can get Bitcoins with a cellphone almost instantly.

They might not work in the US though.

Thanks -- didn't see my country on their list, but if the fees are too high, it probably wouldn't be ideal, anyway.

Perhaps this will help you:
 - http://en.bitcoin.it/wiki/Buying_bitcoins


I've looked over that several times.  I haven't seen anything very straightforward there, yet, but I'll keep checking.
frograven
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March 06, 2012, 10:51:38 AM
 #14

I agree, I found this to be quite a hurdle.. Buying bitcoins easily (without having to go though multiple accounts on different sites,  verification, ID, bla bla) after setting up the program itself. I expect any service offering this to have a bit of a margin happening to cover the cost of convenience, but not a large premium over the current published rates.

If you are in Australia bitpiggy works well, via normal bank deposit, once the email signon has been done the rest works by normal direct debits to/from Australian bank accounts. nice and easy.
jago25_98
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March 06, 2012, 12:07:32 PM
 #15

tell us which country you are from

Visa/mastercard have been antagonistic to bitcoin so often it's a case of using something local
dave3
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March 06, 2012, 02:33:27 PM
 #16

I'm in the Philippines.
Stephen Gornick
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March 06, 2012, 08:02:01 PM
 #17

I'm in the Philippines.

Maybe there is a miner there who is willing to trade the mined proceeds, locally?

 - http://bitcointalk.org/index.php?topic=64232.msg772326#msg772326
 - http://www.facebook.com/bitcoinph

Also, it appears AlertPay is a payment method used in the Philippines?   Occasionally there is a sell order on the #bitcoin-otc marketplace or you can place a buy order there and see if anyone is willing to do a trade.   Or ask in the IRC channel.
 - http://www.bitcoin-otc.com
 - http://webchat.freenode.net/?channels=#bitcoin-otc-foyer

narayan
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March 06, 2012, 08:29:58 PM
 #18

There are quite a few places now doing PayPal->BTC

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LTC: LRq7YPMDoERSZcte9ZPNHQkUbfiPsY55VM
Stn
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March 07, 2012, 03:30:46 AM
 #19

Where are some of the better places you'd recommend, where you can just buy bitcoins at a fixed price without hassle?

Look for local one first, it is always the most convenient. For instance www.bahtcoin.com in Thailand. If there is none in your country try some of global such as www.centraw.com. Browse through existing offers or place demand offer of your own and one of you compatriot may respond.
TizzyTazzy
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March 07, 2012, 03:48:11 AM
 #20

There are quite a few places now doing PayPal->BTC

From what I understand, PayPal is against this, that is why you don't see it being offered anywhere.
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