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It's practically impossible for regular people to buy Bitcoin

levels.io

121–130 of 140 posts

Re: It's practically impossible for regular people to buy Bitcoin

#121
For exactly this reason we have founded https://bit4coin.net in Amsterdam - an easy-to-use bitcoin gift voucher service. Customers can buy vouchers online (later also in retail shops), and we ship them to their doors. They can then redeem them for bitcoins.

We felt we had to make bitcoin more tangible for new users and put it in a form they are already familiar with and attribute value to: gift cards.

Would love to get some feedback from you guys!

Re: It's practically impossible for regular people to buy Bitcoin

#122
post #24

This is why I was unable to buy bitcoins when I first read about them on HN in 2010 and similar in 2011 when the price had gone over $1 and actually showed promise. (I have some emails to colleagues / friends showing my frustration at the time of wanting to get some) I always wanted just 1 (still do), but back in 2010 I was just going to spend £100 and see what happens. It seems in the US the people who did similar t…

I had luck buying bitcoins a few times about a year ago through MtGox. Their method of getting money in (UK bank transfer) was shut down about October last year, and since then I've not figured out how to buy more. I have to wonder where the money stoking these recent price rises is coming from. Of course I managed to be highly ineffective at making the most of the bitcoins I had. I think I probably had about 10 bitc…

I found BitBargain quite pleasant to use. You buy directly from sellers via bank transfer (if your bank supports Faster Payments, which it almost certainly does).

https://bitbargain.co.uk/

edit: prices don't seem as good as they used to be though.

Re: It's practically impossible for regular people to buy Bitcoin

#123
post #53

Not really, just use http://virwox.com/ and you can Bitcoins through credit card or paypal instantly. There is a daily account limit though of $110 for new accounts, after 10 days of $150 etc.

I've just tried VirWox and unfortunately I was not able to buy bitcoins there since there is a minimum of bitcoins that I need to buy (this was not informed in their FAQ). So I'm requesting that they refund my paypal payment. Let's see what will happen..

EDIT: Fortunately VirWox was nice to refund the Paypal payment that I made since the amount that I deposited there was not enough to buy Bitcoins with it.

Re: It's practically impossible for regular people to buy Bitcoin

#124

Just got to https://localbitcoins.com/ and buy some online by bank transfer, it takes about 15 minutes. It's not rocket science.

Good luck with that if there are no-one in your "local" selling coins, just buying. That's my case.

Re: It's practically impossible for regular people to buy Bitcoin

#125
post #53

Not really, just use http://virwox.com/ and you can Bitcoins through credit card or paypal instantly. There is a daily account limit though of $110 for new accounts, after 10 days of $150 etc.

I've just tried VirWox and unfortunately I was not able to buy bitcoins there since there is a minimum of bitcoins that I need to buy (this was not informed in their FAQ). So I'm requesting that they refund my paypal payment. Let's see what will happen..

How much is the minimum they set?

Re: It's practically impossible for regular people to buy Bitcoin

#126

Hello. I'm happy to sell bitcoins to anyone who is within the UK. If you're near Brighton we can trade face-to-face for cash. Otherwise just email we and we can do a bank transfer. My email is Shanee753@gmail.com . I have a large number of reviews which I can provide. Personally I normally buy my own from an IRC channel on Freenode called bitcoin-otc-uk. Feel free to ask me any questions. It's not too tricky to trade…

I too am in Brighton,! Don't have any cash at the moment, but I'm definitely interested in Bitcoin as a thing once I have some surplus money.

Re: It's practically impossible for regular people to buy Bitcoin

#127
post #118

Earlier quoted context omitted.

What scams have you ever heard of that made it hard to get your money into them? The reason it's a pain to get into Bitcoin is because of all the regulations that the "shady" exchanges are complying with (and again, how many "shady" operations do you know that comply with government regulations?). By the way, I do agree that it can be inconvenient to get everything set up initially in an exchange like Coinbase or Bit…

I think you're being disingenuous here. > What scams have you ever heard of that made it hard to get your money into them? The first thing a scammer will say is that he doesn't want your money. Depending on the scam and circumstances, he will even refuse it. > how many "shady" operations do you know that comply with government regulations? All such operations must avoid showing up in any government's radar. For that…

>I think you're being disingenuous here.

Well, I think you're being disingenuous. Please cite a scam that worked by making it hard to get money into the system.

Besides, mind blown! Bitcoin is a phenomenon that has been featured on the front pages of the Wall Street Journal and New York Times, regularly covered on NPR and CNBC, all with coverage that was generally critical but fair, and no one accusing it of being a "scam". And yet you're still hanging on to this baseless, slanderous accusation?

I mean, accuse r/Bitcoin of being mindless cheerleaders of Bitcoin, fair criticism. Accuse the economy of being traditionally filled with libertarians, programmers, and crooks. Fair criticism.

But scam? Come on. It's you who is being disingenuous here.

Re: It's practically impossible for regular people to buy Bitcoin

#129
post #53

Not really, just use http://virwox.com/ and you can Bitcoins through credit card or paypal instantly. There is a daily account limit though of $110 for new accounts, after 10 days of $150 etc.

Paypal shut-down payments to Bitcoin-related accounts as quickly as they find them. Per our current Acceptable Use Policy for Money Service Businesses, PayPal may not be used to operate a currency exchange, bureau de change or check cashing business including the sale of bitcoins, bitcoin mining units, and other related bitcoin products. Via and Mastercard aren't far behind them.

Yeah you don't buy BTC upfront, you buy Linden Dollar and exchange that into BTC on virwox, that's how it works.

Re: It's practically impossible for regular people to buy Bitcoin

#130

Earlier quoted context omitted.

I've just tried VirWox and unfortunately I was not able to buy bitcoins there since there is a minimum of bitcoins that I need to buy (this was not informed in their FAQ). So I'm requesting that they refund my paypal payment. Let's see what will happen..

EDIT: Fortunately VirWox was nice to refund the Paypal payment that I made since the amount that I deposited there was not enough to buy Bitcoins with it.

Why didn't you wait another day, deposit the same amount and then buy the minimum amount, I think it's 0.1 BTC, is it?
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