4 ms·

well, damn. I went through all the hoops signing up with Circle already, I heard Coinbase was worse. Does this make Coinbase the only game in town for buying bi

by oxide 10y ago

well, damn. I went through all the hoops signing up with Circle already, I heard Coinbase was worse. Does this make Coinbase the only game in town for buying bitcoin with a debit card?

wyager 10y ago
Using cash via localbitcoins is easy in any reasonably populated area. You pay maybe 3-5% premiums over market price to buy from a professional high-availability seller. You can buy at or below market price if you're not in a rush.
- oxide 10y ago
  I was going to do this but there is only one local seller and he had a huge markup.
  - jstanley 10y ago
    You can trade using online banking on localbitcoins, you don't actually need to be local. In fact I've done over 70 trades on localbitcoins, and never met in person for any one of them.
    - oxide 10y ago
      oh wow, I didn't realize that at all. I might do this, I appreciate the advice.
    - pjc50 10y ago
      How on earth do you verify security for that?
      - jstanley 10y ago
        What do you mean? The BTC goes into escrow with Localbitcoins, then the buyer sends the money to the seller's bank account, and then the seller releases the BTC from escrow.
- davidgerard 10y ago
  Because business deals in parking lots are famous for working out well.
bdcravens 10y ago
There are others, though not all apply to US buyers: https://en.bitcoin.it/wiki/How_To_Buy_Bitcoins_With_Your_Credit_Card https://en.bitcoin.it/wiki/How_To_Buy_Bitcoins_With_Your_Cre... (it lists some that accept debit card)
tener 10y ago
According to https://coinmarketcap.com/exchanges/volume/24-hour/ https://coinmarketcap.com/exchanges/volume/24-hour/ the two biggest markets are Poloniex and Kraken. I can recommend Kraken - looks very well thought out and professional.
- jbpetersen 10y ago
  Worth noting is Poloniex is purely for trading between different cryptocurrencies. Personally I'd add that they appear quite technically competent albeit somewhat controversial.
aedron 10y ago
Bitstamp announced instant buying with credit card some time ago, don't know the terms though.

by oxide 10y ago

well, damn. I went through all the hoops signing up with Circle already, I heard Coinbase was worse. Does this make Coinbase the only game in town for buying bitcoin with a debit card?

wyager 10y ago

Using cash via localbitcoins is easy in any reasonably populated area. You pay maybe 3-5% premiums over market price to buy from a professional high-availability seller. You can buy at or below market price if you're not in a rush.

oxide 10y ago
I was going to do this but there is only one local seller and he had a huge markup.
- jstanley 10y ago
  You can trade using online banking on localbitcoins, you don't actually need to be local. In fact I've done over 70 trades on localbitcoins, and never met in person for any one of them.
  - oxide 10y ago
    oh wow, I didn't realize that at all. I might do this, I appreciate the advice.
  - pjc50 10y ago
    How on earth do you verify security for that?
    - jstanley 10y ago
      What do you mean? The BTC goes into escrow with Localbitcoins, then the buyer sends the money to the seller's bank account, and then the seller releases the BTC from escrow.
davidgerard 10y ago
Because business deals in parking lots are famous for working out well.

bdcravens 10y ago

There are others, though not all apply to US buyers: https://en.bitcoin.it/wiki/How_To_Buy_Bitcoins_With_Your_Credit_Card https://en.bitcoin.it/wiki/How_To_Buy_Bitcoins_With_Your_Cre... (it lists some that accept debit card)

tener 10y ago

According to https://coinmarketcap.com/exchanges/volume/24-hour/ https://coinmarketcap.com/exchanges/volume/24-hour/ the two biggest markets are Poloniex and Kraken. I can recommend Kraken - looks very well thought out and professional.

jbpetersen 10y ago
Worth noting is Poloniex is purely for trading between different cryptocurrencies. Personally I'd add that they appear quite technically competent albeit somewhat controversial.

aedron 10y ago

Bitstamp announced instant buying with credit card some time ago, don't know the terms though.