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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
How can i buy some Bitcoin with Credit Card or PayPal or Debit Card? Why BitStamp doesn’t accept PayPal? How can i buy bitcoin without address verification? Why every Bitcoin exchange only accept Wire Transfer as a way to deposit money? These are some of the question we get daily.
How to buy bitcoin instantly (Please read description!!!!)
Okay, so im 17 in Canada and I turn 18 in 3months but really want to buy a crypto currency before 2020 because i know the price will rise. What my plan was is to find a site where you don't need id verification phone number verification and buy directly with visa or PayPal and i store them on a phone wallet until i can move them to a ledger wallet but this proved to be a pain in the ass so PLEASE PLEASEEE if you know any sites where i can buy cryptocurrency with a visa card or PayPal instantly let me know I already tried the following which didnt work for me -Bull bitcoin -paxful -coin berry -cex.io thanks for reading
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Hello everyone, Does anyone know any services that allow you to buy bitcoin instantly via debit card that isn't the Cash App or Coinbase? I signed up for Breadwallet but for some reason the verification service is glitching and will not proceed after I upload my ID. I've done a Google search with no luck. Does anyone have any recommendations? Thanks in advance.
The choice of the optimalways to buy Bitcoindepends on three factors: how much information you want to disclose, what is the amount of the transaction and what level of security you require. However, it is almost impossible to comply with all 3 factors. So,what is the best way to buy Bitcoin?
1. Stock exchange
The best way to buycrypto is to use an exchange (Binance, Coinbase Pro, Huobi Global), where one can sell and buy digital currency from other investors. The price is set manually. In this case, the commission charged by the intermediary will not exceed 1%. The exchange provides anonymity since you don’t need to provide your ID in most exchanges. There are several options for transactions:
Quick deal – immediate purchase or sale of currency from another exchange user;
Offer – the seller determines the conditions under which the transaction should be arranged, and the buyer can either agree with the conditions or refuse to buy from this seller;
Automatic order – the system completes the transaction when conditions are fulfilled (provided that you have the funds necessary to fulfill).
If you want to know how to begin investing in Bitcoin, start studying stock exchanges.
Fair rates. You buy Bitcoin, not at the rate that the exchanger came up with, but at the real market rate, which is constantly changing;
Safety. Trusted, reliable exchanges do not cheat. The trust of users is important to them since they earn a commission from trading;
Multicurrency. You can exchange fiat for Bitcoin, buy any other coins available, and withdraw them to your wallet.
Registration needed. Almost all exchanges require registration and request minimal personal data;
Safety. New exchanges without valuable reputation are sometimes hacked. History knows cases when the administration of exchanges defrauded users and walked off into the sunset. For example, the case of BTC-E (WEX.NZ). This is extremely rare and, as a rule, does not apply to large reliable sites. It is best not to store cryptocurrency on exchanges for the long term and to check all the information about exchanges carefully.
A crypto exchanger (Localbitcoins, Lykke, F-change) allows exchanging fiat or other tokens for BTC according to a fixed rate. It is probably the easiest way to buy crypto. The service adds a commission higher than that on the stock exchange.
Simple interface. Even a beginner will understand it;
The ability to buy Bitcoin for almost any existing currency in the world;
Anonymity. Although it depends on the exchanger and payment method, many exchangers are not interested in your personal data.
Slow speed. Sometimes the exchange may freeze for several hours;
Exchange rate. As a rule, in exchangers, the rate is not the most profitable one. It differs from the mid-market not in your favor;
Anonymity. Sometimes there were cases when exchangers leaked information about customers not to authorities, but other interested parties;
Chance of fraud. Especially, if you use an unknown site.
3. ATMs for BTC
ATMs for Bitcoins only enter the market. It is enough to have the necessary amount of cash to be able to exchange it for the equivalent in BTC. Such a transaction is instant and does not require registration or other formalities. There are now over 8500 BTC ATMs around the world.
4. For cash with individuals
A hand-to-hand sale is the most private and most insecure way to buy cryptocurrency. It is lucky if you know reliable miners or crypto businessmen. Rent, salary, taxes – all this requires ordinary money, so they constantly have a need to sell mined or earned cryptocurrency. Pros – maximum anonymity of transactions. Cons – risks from dishonest partners.
5. Telegram bots
Telegram bot is an automatic script based on the search for offers and counteroffers. If someone wants to sell BTC, they send a request to the bot and it looks for a counter offer. As soon as someone sends a request for the purchase of Bitcoin, the bot will complete a transaction between these two users.
Speed. Exchange occurs instantly. This is probably the fastest way to trade Bitcoin.
Low security. A bot can stop working unexpectedly, money can be “lost", etc. It is very difficult to bring the service to justice if something goes wrong, and you rely entirely on the decency of the bot owners;
Inconvenient BTC rate. No bidding. You are forced to work at the rate that the service states.
While talking about the ways to buy Bitcoin, it is important to mention that this article doesn’t provide any advice and directions regarding the investments in particular cryptocurrencies and pursues only informative purposes.
Does anyone know of any legit websites that would allow me to buy bitcoin from my checking account (ACH) and the withdrawal said bitcoin from exchange instantly without waiting 3days for bank to clear the purchase. I need the bitcoin today and everytime I try to buy I have to wait 5days before I can pay in bitcoin.
Reliable place to buy Bitcoins instantly with my Debit Card?
CoinBase doesn't seem to accept my Master Card so. Anyone know another good service? Want to be able to buy bitcoins instantly, instead of having to wait for the bank transfer to go through on CoinBase.
Are there any apps where you can buy bitcoin instantly?
For Canadians are there any apps available where you setup your credit with it (no I don't want coinbase) and with one click buy bitcoin? So any time I want I can buy bitcoins... I don't want to use a web browser at an exchange either
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