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Author Topic: Questions about buying BTC with Moneygram?  (Read 691 times)
MrBTC2USD
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February 09, 2015, 04:13:38 PM
 #1

Hi all. Ive been using BTC for about a year now.
Problem is ive been wasting a lot of money buying them through this website called VIRWOX. The fees are high but i loved the convenience of being able to use a debit card.

I usually buy coins and get charged around 10% in total fees. Yea pretty high i know.

Well i just completed a transaction and it went like this...

Deposited 120 USD
Received 115 USD (after fees)
...
Converted 115 USD into SSL (linden dollars for some virtual game)
and converted the SSL into...... $99 of btc......

That's almost 18% in fees!
EDIT: about 20% IN FEES! WTF


So whats the safest way to buy BTC with moneygram and recieve it within 24hrs or less?
I know about Localbitcoins.com but i fear using it after hearing about possible scams.
How do i avoid moneygram scams? Is there an easier way?

Thanks!
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Madness
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February 09, 2015, 04:22:37 PM
 #2

Hi all. Ive been using BTC for about a year now.
Problem is ive been wasting a lot of money buying them through this website called VIRWOX. The fees are high but i loved the convenience of being able to use a debit card.

I usually buy coins and get charged around 10% in total fees. Yea pretty high i know.

Well i just completed a transaction and it went like this...

Deposited 120 USD
Received 115 USD (after fees)
...
Converted 115 USD into SSL (linden dollars for some virtual game)
and converted the SSL into...... $99 of btc......

That's almost 18% in fees!
EDIT: about 20% IN FEES! WTF


So whats the safest way to buy BTC with moneygram and recieve it within 24hrs or less?
I know about Localbitcoins.com but i fear using it after hearing about possible scams.
How do i avoid moneygram scams? Is there an easier way?

Thanks!

Yeah Virmox is well known to be truste but their only problem is the huge fees .
If I were you , I would simply post in the Currency exchange section here on bitcointalk :  https://bitcointalk.org/index.php?board=53.0
Note that you be careful here , Go first only with "high trusted" members or if it's a too high amount then make sure to use an Escrow for your safety . People will for sure not go first with you since your rank is "Newbie" .

~ Madness

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February 09, 2015, 04:26:51 PM
 #3

Why do you need Moneygram to buy BTC, especially if you're using a debit card?

Just buy it at Coinbase or Circle:

https://www.coinbase.com/

https://www.circle.com/en

Fees very minimal to Virwox, and definitely nowhere close to 20%.  Also, cheaper than buying from LocalBitcoins.

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odolvlobo
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February 09, 2015, 04:32:16 PM
 #4

Despite what you have heard, localbitcoins is generally safe for the buyer.

1. Go with a reputable seller and follow the instructions in the ad exactly.
2. Never cancel the transaction after sending the money.
3. Don't store your bitcoins on the site.

I have never used moneygram so I can't give you more specific information about using it.

Here is more information: https://localbitcoins.com/guides/how-to-buy-bitcoins

Buy stuff on Amazon with BTC or convert Amazon points to BTC here: Purse.io
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manselr
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February 09, 2015, 04:33:20 PM
 #5

Why do you need Moneygram to buy BTC, especially if you're using a debit card?

Just buy it at Coinbase or Circle:

https://www.coinbase.com/

https://www.circle.com/en

Fees very minimal to Virwox, and definitely nowhere close to 20%.  Also, cheaper than buying from LocalBitcoins.

Fees minimal in Virwox? just lol, they are really high, at least they where the last time I bought some from them when i needed btc quick.
And it wasnt as quick because I needed to wait to withdraw the btc anway.
ChuckBuck
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February 09, 2015, 04:35:29 PM
 #6

Why do you need Moneygram to buy BTC, especially if you're using a debit card?

Just buy it at Coinbase or Circle:

https://www.coinbase.com/

https://www.circle.com/en

Fees very minimal to Virwox, and definitely nowhere close to 20%.  Also, cheaper than buying from LocalBitcoins.

Fees minimal in Virwox? just lol, they are really high, at least they where the last time I bought some from them when i needed btc quick.
And it wasnt as quick because I needed to wait to withdraw the btc anway.

Reread what I posted in it's entirety.  I said Fees (on Coinbase and Circle) are minimal compared to Virwox.

Context, my man.

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scatha
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February 09, 2015, 04:38:26 PM
 #7

Why not use ordinary wire transfer to an exchange ?
But if you insist on moneygram, perhaps you go and search for a service that fits you.

I don't know if this one is trustworthy, but this is what I found within 5 minutes ->

https://ukrcash.com/en/order/plain/exchnge_moneygram_usd_to_bitcoin_btce_usd
TXWA
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February 10, 2015, 01:08:27 PM
 #8

There are several sites to buy BTC using CC with much lower fees compared to virwox (just google buy bitcoin credit card)
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February 10, 2015, 09:15:19 PM
 #9

It all depends on what country are you from...

Don't donate me: donate to nmc re-base development project.
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