Safest Place To Buy Bit Coins?

Discussion in 'Blockchain & Cryptocurrency Mining' started by NitroGuy, Jan 31, 2018.

  1. NitroGuy

    NitroGuy Member

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    Hey guys,

    I'm still new to the Bit Coins and I wanted to try it out.

    Can anyone recommend the safest way for me to buy Bit Coins?

    By the way, when I buy a product like a laptop from someone and send them my Bit Coins, is it possible for the company I'm sending the Bit Coins to to see my name?

    Thank you!
     
  2. koss

    koss Member

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    You won't be able to buy Bitcoins using dollars without them seeing your name, that's laws for you.

    I use Coinjar to buy. conjar.com.au
     
  3. magius

    magius Member

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    btcmarkets is probably the easiest, cause they accept bpay. i have no idea about the name bit on using bitcoin as payment, but as far as i know, most exchanges will need you to prove your details anyway.
     
  4. AERO

    AERO Member

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    dont they have bitcoin atm's? where you use ur cash to buy btc? thats what i thought. ive began my journey to mine my btc. (well mine others and get paid in btc on coinjar.
     
  5. mixology

    mixology Member

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    The two best places is BTC Markets (BTCm) and Independent Reserve (IR), typically IR is cheaper than BTC markets as it has lower broker fees (0.5% vs 0.85%). The price of the asset depends on the market sometimes BTCm is cheaper sometimes IR is cheaper.
     
    Last edited: Feb 1, 2018
  6. OP
    OP
    NitroGuy

    NitroGuy Member

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    Thanks for your replies!

    Isn't it possible to buy bit coins from a newsagent and pay for them using cash?

    EDIT:

    I've been unable to find a place I can buy bit coins using PayPal. Anyone know?
     
    Last edited: Feb 3, 2018
  7. pezzy

    pezzy Member

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    ^not at the moment. probably not even close to that level of integration.

    as for paypal, i don't think there are any exchanges that accept paypal. too risky for the operator as any user can just file a chargeback. there is an exchange that accepts credit cards i think? can't recall which one.
     
  8. rockofclay

    rockofclay Member

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    Localbitcoins can be convenient. Just make sure you use escrow and make sure you know what you are doing first.
     
  9. clonex

    clonex Member

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    I thought some caltexes have bitcoin atms?


    Coinbase allows the use of CC tho limit is initially $250
     
  10. OP
    OP
    NitroGuy

    NitroGuy Member

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    I've heard "escrow" mentioned a few times, but I'm just looking at escrow.com for the first time now.
    EDIT:
    Does anyone have experience with Coinbase? It's not an Aussie site...
     
    Last edited: Feb 4, 2018
  11. clonex

    clonex Member

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    Ive used it several times when btcm was aussie taxing the shit out of people.

    Had no issues plus signup/verification/to buying ETH took less than 30mins :
     
  12. Talsek

    Talsek Member

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    Fees are terrible,something like 10% if you want to use a CC to buy. It's fast and verifies ID just like that.

    Sure beats coinspot not accepting passport and taking 2+ days to verify
     
  13. rockofclay

    rockofclay Member

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    Escrow isn't a name, it's a generic term for when a 3rd party holds the funds until both parties are happy. Local bitcoins holds the bitcoins of the seller before the buyer pays, waiting for confirmation. It's a crucial form of protection when you don't fully trust the bitcoin seller.
    If you do go down this path, make sure you read and understand this.
     
  14. clonex

    clonex Member

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    3.99% but when it was AUD$300-400 cheaper than btcm for ETH and who knows what for BTC its suddenly not so bad is it
     
  15. josh_676

    josh_676 Member

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    incorrect.

    Buy Local Bitcoin can help you out with that.
     
  16. demiurge3141

    demiurge3141 Member

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    Good old nitrollguy, missed your posts.
     
  17. Talsek

    Talsek Member

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    They add a fee for using credit cards as well.
     
  18. clonex

    clonex Member

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    Still bloody cheaper than the local thiefs. $50 costs $1.98 but still get more ETH than thru btcm
     
    Last edited: Feb 5, 2018
  19. pezzy

    pezzy Member

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    oh wow, that i do not know. i'll keep a look out for one next time i fill up.
     
  20. OP
    OP
    NitroGuy

    NitroGuy Member

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    Are there any Bitcoin websites that aren't supported by companies?

    EDIT:

    I don't want to send my Bitcoins to a company I'm buying a product from only for them to say "Oh, we don't support that Bitcoin company so you need to find another Bitcoin company."
     
    Last edited: Feb 8, 2018

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