It's practically impossible for regular people to buy Bitcoin

#1

Post by pieterhg » Thu, Nov 28, 2013, 4:49 PM UTC

It's practically impossible for regular people to buy Bitcoin
levels.io

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

#2

Post by aw3c2 » Thu, Nov 28, 2013, 5:05 PM UTC

Same experience here. I wanted to grab some Litecoin last week as people started speculating with them as well but I won't totally give up my privacy to shady websites for some gambling.

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

#3

Post by [deleted] » Thu, Nov 28, 2013, 5:08 PM UTC

[deleted]

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

#4

Post by iSnow » Thu, Nov 28, 2013, 5:08 PM UTC

Considering how the price is doing even though it is really hard to buy the things, I shudder to think what would happen if you could buy them at your local bank branch.

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

#5

Post by [deleted] » Thu, Nov 28, 2013, 5:09 PM UTC

[deleted]

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

#6

Post by dariopy » Thu, Nov 28, 2013, 5:09 PM UTC

That's what coinbase is for. Pretty easy to register and get verified... if you happen to be in the US of A (or own a bank account there, anyway).

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

#7

Post by huangbong » Thu, Nov 28, 2013, 5:09 PM UTC

localbitcoins.com

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

#8

Post by RossM » Thu, Nov 28, 2013, 5:10 PM UTC

At some point, Barclays Pingit (a UK mobile payment service) provided a service to buy Bitcoin by sending cash to services that supported it (you can send cash to a telephone number if it maps up to a bank account). However it was always down when I looked. The only alternative seemed to be wire transfers and escrow which I wasn't interested in dealing with.

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

#9

Post by buttsex » Thu, Nov 28, 2013, 5:10 PM UTC

aw3c2 wrote: post #2

Same experience here. I wanted to grab some Litecoin last week as people started speculating with them as well but I won't totally give up my privacy to shady websites for some gambling.

Buy BTC at Coinbase -> transfer to BTC-e -> turn BTC into LTC

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

#10

Post by wcummings » Thu, Nov 28, 2013, 5:11 PM UTC

"But verification can take weeks or months and the odds of getting accepted are actually low"

This is simply not the case, at least in the US