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opentoe
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July 20, 2012, 02:33:34 AM
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I've been searching/reading about the easiest way to buy bitcoins. I setup a blockchain account, bitinstant account, dwolla account and well a couple other accounts also. By using these available services which process would you recommend I use to get some btc? I'm trying to avoid the highest fees and all that. I have added a bank account to my dwolla account but haven't moved any further until I found out a little more. I know there are other people out there that have probably used every service under the sun, that's why I'm asking here. It also seems every online  service and exchange give you an address to use. Not everyone uses all these addresses, right? I mean you consolidate to some extent and  don't keep a balance in all of them.

I have   setup a blockchain wallet which was recommended here and it does seem pretty slick and more detailed then my local wallet. I also noticed all the online places do not accept credit cards as a funding source.  I guess there is a reason for that which is still unknown to me.

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grantbdev
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July 20, 2012, 02:42:29 AM
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I've been searching/reading about the easiest way to buy bitcoins. I setup a blockchain account, bitinstant account, dwolla account and well a couple other accounts also. By using these available services which process would you recommend I use to get some btc? I'm trying to avoid the highest fees and all that. I have added a bank account to my dwolla account but haven't moved any further until I found out a little more. I know there are other people out there that have probably used every service under the sun, that's why I'm asking here. It also seems every online  service and exchange give you an address to use. Not everyone uses all these addresses, right? I mean you consolidate to some extent and  don't keep a balance in all of them.

I have   setup a blockchain wallet which was recommended here and it does seem pretty slick and more detailed then my local wallet. I also noticed all the online places do not accept credit cards as a funding source.  I guess there is a reason for that which is still unknown to me.

Credit cards aren't used because of potential chargebacks.

You can use dwolla or a bank to put money on an exchange and buy BTC, and then send it to your wallet address. There are also services like BitInstant (https://www.bitinstant.com/) where you can do all kinds of different transactions to get BTC, even (this is a very easy way) local cash deposits (at a fee of course).

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July 20, 2012, 02:50:45 AM
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Dwolla used to be a lot more useful when there wasn't verification requirements on MtGox. It was easy to get money in/out. For a lot of people it's still easy if they don't mind giving out details but for me I can't even provide proof of residence and it's become a no-go.

Now I think I'd use OTC* as a preferable option as it totally disconnects you from the regular banking system. Have a look at that and choose one of the more senior well trusted members to do a person to person (p2p) trade. I think it's bit harder to buy BTC when you're unknown (as people fear chargebacks on whatever payment method you use) but selling them should be rather easy.

(* see bitcoin-otc.com for the over-the-counter direct marketplace between real people)

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July 20, 2012, 03:53:17 AM
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Depends on how many coins.  We sell @ MtGox last w/ no fees or markup but it is generally bulk sales.

https://bitcointalk.org/index.php?topic=87094

Right now we are actually selling 1% BELOW MtGox last due to a surplus.
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July 20, 2012, 04:01:16 AM
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Depending on how long you've been verified on Dwolla the cheapest and quickest method from someone new to BTC is to open an annount with  Campbx.  Transfer some USD to CampBx.  Purchase some BTC there.  Then you can send that btc to your Blockchain wallet. 
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July 20, 2012, 07:28:35 AM
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Depending on how long you've been verified on Dwolla

Yup, that's the kicker.  Lots of new accounts sign up with Dwolla then get frustrated after they finally have a verified account with funds in it only to learn that they can't do anything with it for 30 days.

Soo .....

If you have Dwolla then you are presumably in the U.S.  If you are in the U.S., you might have a Chase bank branch nearby.  If you do, then there is no faster option, nor cheaper, than BitFloor using this cash deposit method.

Then once you get past your 30 day probation on Dwolla, then you have a bit more options.  But Bitfloor will probably serve you quite well.

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July 20, 2012, 08:09:16 AM
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A blockchain.info wallet and BitInstant are a great option for someone new to Bitcoin.

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July 20, 2012, 11:07:54 AM
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There is also Local bitcoins

http://localbitcoins.com/

And another similar service, with Facebook accounts etc, but I cant remember its name.


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July 20, 2012, 12:05:30 PM
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A blockchain.info wallet and BitInstant are a great option for someone new to Bitcoin.
It's greatest option to lose your bitcoins when service operator decides to shut down and take all losers bitcoins for himself. Remember mybitcoin.com?

Download Bitcoin client on your computer, secure your computer (no malware or other persons acessing your PC), backup your wallet.

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July 20, 2012, 12:08:51 PM
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Depending on how long you've been verified on Dwolla

Yup, that's the kicker.  Lots of new accounts sign up with Dwolla then get frustrated after they finally have a verified account with funds in it only to learn that they can't do anything with it for 30 days.

Soo .....

If you have Dwolla then you are presumably in the U.S.  If you are in the U.S., you might have a Chase bank branch nearby.  If you do, then there is no faster option, nor cheaper, than BitFloor using this cash deposit method.

Then once you get past your 30 day probation on Dwolla, then you have a bit more options.  But Bitfloor will probably serve you quite well.

Bitfloor for the win.

Buy a TREZOR! Premier BTC hardware wallet. If you're reading this, you should probably buy one if you don't already have one. You'll thank me later.
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July 20, 2012, 01:34:56 PM
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I recommend you try out the BitFloor cash deposits for funding your account and buying coins. I think you will find that they are very simple to make and will allow you to fund your account in the quickest manner possible. You can even make the requests from your mobile phone while on the way to the bank Smiley
DeathAndTaxes
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July 20, 2012, 03:32:34 PM
 #12

A blockchain.info wallet and BitInstant are a great option for someone new to Bitcoin.
It's greatest option to lose your bitcoins when service operator decides to shut down and take all losers bitcoins for himself. Remember mybitcoin.com?

Download Bitcoin client on your computer, secure your computer (no malware or other persons acessing your PC), backup your wallet.

Hey troll if Bitcoins are worthless then it doesn't really matter does it?

Blockchain.info has no access to your private keys.  You can backup your wallet offline (or have it sent automatically to your email address).
Private keys can be extracted from the backup and imported into any client.
opentoe
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July 21, 2012, 06:41:42 PM
 #13

So basically to purchase bitcoins using an online service you at least need to have a funding source added to your account, like a bank account. I'm looking to buy around 100-150 btc and send it to my friend, but since Dwolla hasn't even done my account verify yet it seems there is no way I'll be able to get any btc. I can definitely see why a lot of people read about btc and look into it, but then slowly get discouraged finding it difficult to firstly get them in the first place. Then I read even after you verify your funding source at Dwolla they implement a 30 day probation period where you can't do anything. Ouch.


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TangibleCryptography
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July 21, 2012, 07:04:11 PM
 #14

So basically to purchase bitcoins using an online service you at least need to have a funding source added to your account, like a bank account. I'm looking to buy around 100-150 btc and send it to my friend, but since Dwolla hasn't even done my account verify yet it seems there is no way I'll be able to get any btc. I can definitely see why a lot of people read about btc and look into it, but then slowly get discouraged finding it difficult to firstly get them in the first place. Then I read even after you verify your funding source at Dwolla they implement a 30 day probation period where you can't do anything. Ouch.

You could buy directly from us and get the coins the same day
https://bitcointalk.org/index.php?topic=87094
unclemantis
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July 21, 2012, 08:46:06 PM
 #15

I recommend you try out the BitFloor cash deposits for funding your account and buying coins. I think you will find that they are very simple to make and will allow you to fund your account in the quickest manner possible. You can even make the requests from your mobile phone while on the way to the bank Smiley

Before I stumbled on Bitfloor I was using MTGox and Bitinstant. Before that I was using TradeHill and Dwolla.

Bitfloor is an all in one shop! I have had VERY good fortune with Bitfloor.

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July 21, 2012, 09:55:19 PM
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So basically to purchase bitcoins using an online service you at least need to have a funding source added to your account, like a bank account. I'm looking to buy around 100-150 btc and send it to my friend, but since Dwolla hasn't even done my account verify yet it seems there is no way I'll be able to get any btc. I can definitely see why a lot of people read about btc and look into it, but then slowly get discouraged finding it difficult to firstly get them in the first place. Then I read even after you verify your funding source at Dwolla they implement a 30 day probation period where you can't do anything. Ouch.



I'm guessing you're cheap like me, which is why you're not using the easy button that is bitinstant...

So if you want to have the quarter transaction fee, then yes, keep waiting on Dwolla and Mtgox.  You'll get your bitcoins in about 30-60 days.

If you want your bitcoins with a small (but not zero) fee, then use Bitinstant or bitfloor that these people are talking about.

I have gotten my friends involved by using my verified account to transfer money into my account and send them their bitcoins.  Since I usually keep enough to spot them for the few days of transfer, they get their bitcoins immediately.

You have your answers, so now go do something Smiley  Keep up hope!  I like the quote that bitcoin is kind of like the internet before internet explorer.  It took some time to catch hold.

2019 is the year that I heard someone predict that bitcoin will become mainstream.  Looking forward to retiring in 2019 Smiley

CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex or Cryptsy for trading alternate cryptocurrencies like DOGEs

PM me with any questions on these sites!  Happy to help!

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July 22, 2012, 06:56:18 PM
 #17

A blockchain.info wallet and BitInstant are a great option for someone new to Bitcoin.
It's greatest option to lose your bitcoins when service operator decides to shut down and take all losers bitcoins for himself. Remember mybitcoin.com?

Download Bitcoin client on your computer, secure your computer (no malware or other persons acessing your PC), backup your wallet.

Hey troll if Bitcoins are worthless then it doesn't really matter does it?

Blockchain.info has no access to your private keys.  You can backup your wallet offline (or have it sent automatically to your email address).
Private keys can be extracted from the backup and imported into any client.
Where did I say Bitcoins are worthless, my fellow Troll? I only told that web-based wallets are untrustworthy. Nothing beats Bitcoin client running on your secured computer! I keep maximally close to Satoshi whitepaper and even use client that was designed and written mostly by Satoshi himself. wx-based Bitcoin.

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opentoe
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July 23, 2012, 01:50:57 AM
 #18

I recommend you try out the BitFloor cash deposits for funding your account and buying coins. I think you will find that they are very simple to make and will allow you to fund your account in the quickest manner possible. You can even make the requests from your mobile phone while on the way to the bank Smiley

Before I stumbled on Bitfloor I was using MTGox and Bitinstant. Before that I was using TradeHill and Dwolla.

Bitfloor is an all in one shop! I have had VERY good fortune with Bitfloor.

I don't really care about the fee...if I were to use bitfloor to buy btc, then where would the funding/money itself come from to buy them? This is the situation I've come across. I can buy bitcoin from many different sites, but paying for them is the hard part. The only reason I brought up Dwolla was because that seems to be the only place where you can add a funding source.


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July 23, 2012, 02:50:28 AM
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I recommend you try out the BitFloor cash deposits for funding your account and buying coins. I think you will find that they are very simple to make and will allow you to fund your account in the quickest manner possible. You can even make the requests from your mobile phone while on the way to the bank Smiley

Before I stumbled on Bitfloor I was using MTGox and Bitinstant. Before that I was using TradeHill and Dwolla.

Bitfloor is an all in one shop! I have had VERY good fortune with Bitfloor.

I don't really care about the fee...if I were to use bitfloor to buy btc, then where would the funding/money itself come from to buy them? This is the situation I've come across. I can buy bitcoin from many different sites, but paying for them is the hard part. The only reason I brought up Dwolla was because that seems to be the only place where you can add a funding source.



With BitFloor you can just deposit cash at any Chase bank branch (more soon) and be credited your USD immediately; not sure of a faster way to be able to buy bitcoins.
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July 23, 2012, 04:07:28 AM
 #20

I recommend you try out the BitFloor cash deposits for funding your account and buying coins. I think you will find that they are very simple to make and will allow you to fund your account in the quickest manner possible. You can even make the requests from your mobile phone while on the way to the bank Smiley

Before I stumbled on Bitfloor I was using MTGox and Bitinstant. Before that I was using TradeHill and Dwolla.

Bitfloor is an all in one shop! I have had VERY good fortune with Bitfloor.

I don't really care about the fee...if I were to use bitfloor to buy btc, then where would the funding/money itself come from to buy them? This is the situation I've come across. I can buy bitcoin from many different sites, but paying for them is the hard part. The only reason I brought up Dwolla was because that seems to be the only place where you can add a funding source.



With BitFloor you can just deposit cash at any Chase bank branch (more soon) and be credited your USD immediately; not sure of a faster way to be able to buy bitcoins.

I just hope Chase doesn't stop you like they did MtGox and we all have to go through Bitinstant which is a rip off if you ask me. Bitinstant uses a service called TrustCash and TrustCash has a bank account at Chase!

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