Can anyone recommend a reputable site where someone can purchase Bitcoin or other cryptocurrencies? Searching the web there are some listed buy some look a bit too sketchy.
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Can anyone recommend a reputable site where someone can purchase Bitcoin or other cryptocurrencies? Searching the web there are some listed buy some look a bit too sketchy.
EUR
bitstamp
kraken
USD
bitstamp (non US)
Gdax, Coinbase (US citizens, careful with gambling)
localbitcoins
If you buy before the October 25 BTC fork, some exchanges will credit you with the equal amount of Bitcoin Gold :)
I've had a lot of trouble with purchasing Bitcoin. I didn't trust the online services, there seemed to be quite a few scams going on, and I tried localbitcoin, but everybody seemed to habe massive spreads which discouraged me. I tried advertising and offering cash payments in local restaurants, but didn't have any takers. I started when it was valued at around £300, and of course, I wish I had persevered. At the moment, I'm buying domain names, and selling them through Name Silo. They pay out in Bitcoin regardless of the purchaser's method of payment. Bitcoin payments have also attracted me back to casino promotion.
Sorry if my post isn't about buying Bitcoin directly, but I assumed your motivation was to acquire Bitcoin at the best price.
coinbase allows credit card purchased with visa and mastercard which are immediate (but they charge a 2+% fee). coinbase also allows purchases from bank accounts but it takes 4-5 days before you get your bitcoins. kraken allows purchases if you send in a bank wire however i've unfortunately experienced a lot of problems with the kraken exchange this year and have been considering changing to coinbase and their exchange which is gdax.
I had problems with coinbase from USA. My debit card would not verify because their cc processor is in the UK while corporate is in California. I had to call my bank to get the verification approved as the bank blocked it. This happened when entering the card details and not from a buy.
As big fish indicated you can fund your coinbase USD wallet via ACH or wire as well.
Coinbase has buy/sell and deposit limits so take a peek at them as they are weekly. GDAX has daily sells and buys.
You won't need to open a GDAX account as you can use the same log in details as coinbase.
simplest way is find yourself a bitcoin ATM, other than that there are literally hundreds of options "depending on where you are based" .. quite a few wallets with cards Xapo, spectrocin that allow you to buy with SEPA transfers and CC
try localbitcoin
Using LBC has sense. Mostly when bitcoiner wants to have fully anonymous bitcoins (if paid by cash; but even p2p bank payment is much more anonymous than transaction at exchange with full KYC implemented).
However LBC is double edged sword. There are two disadvantages:
1. The bitcoins are more expensive. Can be just a bit, but it adds up with higher amounts.
2. The bitcoins are from untrusted source. So you can buy bitcoins from hacks, ransoms, possibly darkmarkets, gambling sites. It is not so big problem now, but, who knows, what can come in few years. The trace is there. If you buy bitcoins from official exchange with the purpose to sell higher, you can always prove that you bought the bitcoins now from a legit source. Even if they have some illicit history, they are cleaned.
Yes, those are my two cents exactly.Quote:
Originally Posted by Sherlock