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Thread: Which Is The Best Way To Buy Bitcoins?

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    User Sylvide's Avatar
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    www.coincorner.com or localbitcoins.com
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    Another coinbase user here. For bank or credit card funding, they do the two deposit thing, but once that's complete, you can buy and get BTC immediately.

    Note that a lot of credit card companies will lock your account for fraud if you use these kinds of services, meaning you have to call the security department and approve the transaction, etc.
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    Never tried it, but i have heard that https://www.coinmama.com/ is one of the fastest out there...

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    I like wesellcrypto.com because you don't need to keep a wallet. One less thing to get hacked
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    It would depend on your preferences, I'd recommend looking for local events or meetups near your location for face-to-face transactions (trading with cash or other assets, those are great places for ATMs). You can also try well known sites but keep in mind that most of them require submitting your personal information (AML/KYC purposes) you can start by linking your creditcard, bank account, facebook profile, passport, ID, telephone, etc.. like:
    Code:
    https://www.bitstamp.net/
    https://www.coinbase.com/
    https://www.btcc.com/
    https://cex.io/
    https://poloniex.com/
    https://gatecoin.com/
    https://www.kraken.com/
    https://bter.com/
    https://btcdirect.eu/
    https://www.huobi.com/?lang=en
    https://www.luno.com/
    https://www.gdax.com/
    https://bitinka.pe/
    https://satoshitango.com/
    But there are also many anonymous & reliable alternatives like:
    Code:
    https://bitcoin-otc.com/
    https://shapeshift.io/
    https://bitsquare.io/
    Regarding keeping your Bitcoins safe, consider buying a cold storage device (hardware wallet) for something about $100 like: Trezor, keepkey, ledgerwallet, etc.. here:

    Code:
    https://en.bitcoin.it/wiki/Hardware_wallet
    Last edited by Manchurian; 03-25-2017 at 07:06 AM.
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    " In crypto-currencies We Trust "

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    I used https://localbitcoins.com/. It's quite easy to sign up. Just follow the site instructions. Most sellers though (except the really expensive ones) will require a verified account. This means you need to verify your phone number and download an ID with picture.
    I used this site, because you can pay with Paypal. I advise you to use a double-verified account. The site will propose you to print a paper with verify codes. This way without this paper you can't enter the account, which makes your wallet way safer.
    First time I used the site, I hadn't paid attention to the fact that every seller can enter a different price for you to buy one bitcoin. I would thus advise you guys to always verify the rate before buying (https://gobitcoin.io). As I didn't do this I lost around 20 euros on my first buy.....
    Anyway, but this is just my opinion, I still find it really expensive to buy bitcoins....whatever you do, you keep loosing more money than you're spending.....

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    localbitcoins.com is handy if somebody can't use an alternative but they have high fee in most cases!

    Not sure if somebody else mentioned it, but some lucky guys can buy BTC with cash if they have a Bitcoin ATM near them. For more info check this out:

    Code:
    https://coinatmradar.com/

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    Got into Bitcoins many years ago when they were nice and cheap. Had a very strong password on my email account and BitCoin account but still got hacked and lost the lot. Now that we see governments are hacking other countries it's clear to me nobody is secure so I won't touch them again.

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    Quote Originally Posted by Desiack View Post
    Got into Bitcoins many years ago when they were nice and cheap. Had a very strong password on my email account and BitCoin account but still got hacked and lost the lot. Now that we see governments are hacking other countries it's clear to me nobody is secure so I won't touch them again.
    I suppose you had a wallet on a company and they hacked this company!

    That's why it's always recommended to have a wallet on your PC, since it's way more difficult to get hacked...

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    User Desiack's Avatar
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    Quote Originally Posted by TheTrader View Post
    I suppose you had a wallet on a company and they hacked this company!

    That's why it's always recommended to have a wallet on your PC, since it's way more difficult to get hacked...
    It was 4/5 years ago and back then the recommendation was to store them on a USB stick and use a portable OS like Ubuntu. I did set it up but at the last minute decided to leave them where they were (as you say, in a wallet with an online trading company) and cash out in a few weeks as the price was rising daily. You only have to visit the wrong website or download the wrong file and your computer will be compromised and if Government agencies and large corporations can't keep hackers out with their resources, my little laptop will be easy meat.

    If you only use them for nights out and can afford to lose them, go for it but after 25 years of hassle free Bank transfers and 6 months of Bitcoin heartache, I'll take the safer route if it's all the same. Once bitten... as they say.


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