Buying Bitcoins (the novice version) – Bitcoin Wiki

This pagina aims to be the best resource for fresh users to understand how to buy Bitcoins. The existing Buying bitcoins pagina is too elaborate.

Read How To Buy Bitcoins With Your Credit Card, for information about buying Bitcoins with a credit card.

Warning: Please be careful with your money. When sending money to an exchange or seller you are trusting that the technicus will not abscond with your funds and that the technicus maintains secure systems that protect against theft — internal or outward. It is recommended that you obtain the real-world identity of the technicus and ensure that sufficient recourse is available. Because Bitcoin services are not very regulated a service can proceed operating even when it is widely believed that it is insecure or dishonest and webpages recommending them (including thesis) may not be regularly updated. Exchanging or storing significant amounts of funds with third-parties is not recommended.

Contents

PayPal

You can’t directly buy Bitcoins using PayPal, because it is risky for the seller, and therefore few sellers will offerande this. There are basically Trio reasons for that:

  • The buyer of bitcoins can always perform a chargeback and there is no way for the seller to contest that
  • There are many hacked accounts and when PayPal realizes that such an account has bot fraudulently used, they will also perform a chargeback
  • PayPal doesn’t like bitcoin, spil the bitcoin network is ter rechtstreeks competition to it. They will geobsedeerd accounts that have anything to do with Bitcoins, and freeze their comprobación.

Having said that there is a workaround that can be done ter order to use Paypal to buy Bitcoins but it holds within it higher transaction fees. Using the Aparente World Exchange you can buy 2nd Life Lindens (SLL) with Paypal and then convert your SLL to Bitcoins. This process will charge you transaction fees of around 6% but will let you purchase Bitcoins pretty quickly spil opposed to a wire transfer. The reason this method works is because you do not buy Bitcoins with Paypal directly, you only buy SLL with Paypal (which is acceptable by Paypal’s TOS) and then exchange your SLL to Bitcoin.

Note: If you only want to take advantage of Bitcoin’s price volatility You can trade CFDs on Bitcoin via Paypal on sites like AvaTrade or Plus500. When trading online your renta may be at risk. Trading CFDs is suitable for more experienced traders.

Credit Card

Cubits – Cubits is an all-inclusive toneel to buy, sell and accept Bitcoin. Our easy-to-use interface permits users to buy and sell Bitcoin instantly with 17 supported currencies. Visa and Mastercard accepted.

VirWox – The Posible World Exchange accepts all major credit cards (via Paypal or Skrill) and permits you to buy SLL which you can then trade to Bitcoin. Using this method is quicker then most options but has larger transaction fees involved.

CoinMama uses Película del Oeste Union to permit you to purchase Bitcoins through your credit card. This service is not available te the US.

Handelsbank Transfer

US Only!! Coinbase permits you to buy and sell bitcoin instantly by connecting any U.S. based bankgebouw account. You need an account number and routing number, which can be found on a check. A credit card can be optionally linked to your account spil well. Coinbase also acts spil a bitcoin wallet which can store the bitcoin merienda it is purchased. Ideal for beginners very first getting involved ter bitcoin.

expresscoin.com (informatie) permits customers to buy Bitcoin with a handelsbank wire transfer. Specific instructions of all payment methods are referenced te the How To Buy pagina.

Bittylicious permits customers to purchase Bitcoins using an enormously ordinary interface. All customers need to do is to inject their Bitcoin address and email address and choose how many coins they want. If customers want to purchase more than the default (usually around ?50/EUR 55/$80) then they just need to sign up and do some sort of verification. UK handelsbank transfers, Euroean SEPAs, iDEAL and Mister Metselspecie are all accepted.

kraken permits verified users to buy and sell bitcoin using USD and EUR by depositing via wire transfer. Other national currencies can be converted to USD or EUR at transfer. kraken is an exchange and the market is determined by orders.

BitQuick.co (informatie) permits sellers to connect to buyers via specie deposit or SEPA transfer. You can buy bitcoin instantly by providing only your email address and bitcoin address. Spil soon spil the deposit is received, the bitcoin are sent.

bit4coin.netwerken (informatie) Buy bitcoins with bit4coin bounty vouchers. Effortless to use online shop practice, and the vouchers will be delivered to your doorstep. bit4coin.netwerken guides you through the entire process of redeeming the voucher and getting your very first bitcoins – and the voucher doubles up spil a superb bounty, too!

Belgacoin permits you to buy bitcoins via SEPA transfer. It is rapid, secure and cheap. No registration needed. Wij do not charge anything for this service, for the time being.

Bitalo enables you to buy Bitcoins directly from another person. If that person is online and you share the same bankgebouw, you can get your Bitcoins ter a matter of minutes. The transaction is secured by Bitcoin multi-signature addresses, and Bitalo acts spil an escrow. You can store bought Bitcoins on your own address, or using a safe multi-signature Bitcoin wallet on Bitalo, for free.

Asia Nexgen (ANX) (informatie) permit their customers to buy Bitcoin by sending a wire transfer. They are legally registered and based ter Hong Kong and hold a Money Services Technicus license issued by the Hong Kong Customs and Excise Department. They support most popular cryto-currencies and all major fiat currencies (including USD, EUR, HKD, AUD, CAD, CHF, GBP, JPY, NZD and SGD). They are presently running a zero transaction toverfee promotion.

UK Only!! http://www.bitcoinmagnet.co.uk/ permits customers to buy & sell Bitcoin automatically using their UK canap account. All you need to provide is an email address and either your bitcoin wallet address (if buying) or your canap account details (if selling). For buying, they give you a unique reference code to include with your canap transfer. All future transfers that include this code will be automatically converted to Bitcoin and sent to you. You can therefore set up a regular standing order if desired. For selling, they give you a unique Bitcoin deposit address to send coins to. All future payments to this address will be automatically converted to GBP and sent to your UK bankgebouw account. They use the latest Bitstamp market price and aim to finish orders within Ten minutes. The toverfee is presently 5%.

Almacén Bitcoins permits sellers and buyers who are located nearby to meet and exchange Bitcoins through various methods including specie, wire transfer, Money Bookers, Skrill and more. Recinto Bitcoins offers a Bitcoin escrow service that holds the funds until the transaction is finish, therefore reducing fraud.

BitQuick.co (informatie) permits sellers to connect to buyers via metselspecie deposit or SEPA transfer. You can buy bitcoin instantly by providing only your email address and bitcoin address. Spil soon spil the deposit is received, the bitcoin are sent.

Asia Nexgen (ANX) (informatie) permit their customers to buy Bitcoin by depositing directly into their Australian bankgebouw account. They are legally registered and based te Hong Kong and hold a Money Services Technicus license issued by the Hong Kong Customs and Excise Department. They support most popular cryto-currencies and all major fiat currencies (including USD, EUR, HKD, AUD, CAD, CHF, GBP, JPY, NZD and SGD). They are presently running a zero transaction toverfee promotion.

The company ready to open Hong Kong’s very first physical bitcoin shop, ter Sai Ying Pun te February 2014. Customers, who voorwaarde supply an identity card and proof of address for anti-money laundering regulatory compliance, will be able to purchase bitcoins for metselspecie.

The company brought the very first Bitcoin ATM to Hong Kong. Customers vereiste be verified to use this ATM and will need to use their Bitcoin wallet QR code to make a contant deposit.

bitXoin (informatie) Buy bitcoin via online ordering and handelsbank deposit, contant overheen the tegenstoot at most banks across Australia. Rapid processing, low reference rate, low commissions.

Bitcoin (Australia) – pay by metselspecie overheen the toonbank at regional handelsbank branches.

expresscoin.com (informatie) permits customers to pay with metselspecie at Credit Unions that support collective branching.

Private Checks

expresscoin.com (informatie) permits customers to buy Bitcoin with a private check. Create a purchase request and mail te a individual check to the listed address and match amount. Specific instructions of all payment methods are referenced ter the How To Buy pagina.

Bounty Card (US)

GiftCardDrainer.com permits you to buy bitcoin with Visa, MasterCard, American Express or Detect bounty cards. Uses the exchange rate provided by coinbase.com at the time that the customer’s bounty card is processed within 24 hours of card conformity. Most cards are processed within a few hours of conformity, however it can take up to 24 hours. Customer vereiste provide a bankgebouw account number for identity verification.

Money Orders

expresscoin.com (informatie) permits customers to buy Bitcoin with a individual check. Create a purchase request and mail ter a USPS Money Order to the listed address and match amount. Specific instructions of all payment methods are referenced te the How To Buy pagina.

Via IDeal (NL)

Bitonic permits you to buy bitcoins with IDEAL.

HappyCoins permits you to buy Bitcoins with iDEAL and SEPA handelsbank transfer.

BTCDirect permits you to buy and sell bitcoins with iDEAL.

CleverCoin permits you to buy and sell bitcoins directly on an exchange with iDEAL and SEPA bankgebouw transfer.

Josien permits you to buy bitcoins and litecoins with iDEAL and SEPA bankgebouw transfer.

Via MoneyGram

You can buy Bitcoins with a Película del Oeste Union or MoneyGram money transfer via coinmama.com.

Finding a onmiddellijk seller online

If you can find another person that is willing to sell them to you, you can transfer him money via any payment method (including PayPal), and he’ll send you the Bitcoins. The following websites can be used to find rechtstreeks sellers online Bitcoin OTC, Restringido Bitcoins or the Currency Exchange Forum Section. Be enormously cautious of scammers when dealing overheen the toonbank. Ask an admin, moderator or a trusted person if you think someone is suspicious.

Physical Trading

You might be able to find an individual with whom you can Buy bitcoins locally. Always choose somebody with many reviews.

Beginning te October of 2013, physical Bitcoin ATMs have bot installed ter Canada, Finland, Slovakia, Australia, Germany, and the UK. Use a Bitcoin ATM Locator to find a machine near you. An ATM locator specific to Australia can also be found here.

Price Comparison

BittyBot – permits users to compare different bitcoin sellers and prices te UK.

Anonymity

There is a enormous request for buying Bitcoins off the grid due to ever-increasing government regulations and private agency intrusions and discrimination against alternative currencies. Due to the possibility of facial recognition cameras at banks and the paper trail involved with credit cards, there are very few options to have high levels of anonymity when buying Bitcoins those ways. DNA, Fingerprints, phone and internet records, audio and movie records will not be discussed, but they all are possible instruments which attackers could use to uncloak even the stealthiest Bitcoin buyer. There are a duo known ways, depending on your location, to buy Bitcoins outside of the standard banking system with relatively high anonymity. Buying locally with specie using a burner or payphone permits a high level of anonymity with the exchange being the weakest verbinding. Many sellers online will also trade Bitcoins for MoneyPak codes or other cash-like bounty codes which can be bought at a almacén store with metselspecie. Another way to buy Bitcoins with a high level of anonymity is by sending specie ter the mail.

Exchanges

For a list of other major exchanges, see Market Exchanges

Avoiding Scams

Before using any service, it is a good idea to look for reviews and terugkoppeling from previous customers. This can be done by performing a Google search of the name of the webstek or company. The Bitcoin forum is also a good place to find discussions and reviews about services.

2 thoughts on “Buying Bitcoins (the novice version) – Bitcoin Wiki

  1. Good news! I expected this because I believe that the Binance has a future. It’s worth paying attention to this

  2. At mij all spil does not work binance, can be finite it and works at whom nibud, but at mij still is not present. Very strange of course, it’s more like they were hacked, but most likely I’m just mistaken

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