Why is getting bitcoins so fucking tedious and difficult?
I've never bought bitcoins before because every service wanted some information I didn't want to provide, but now I have a legitimate purpose for wanting them to pay for an online service and holy fuck is it making me jump through hoops.
The first annoyance was to even find a service I thought was acceptable, but none of them are, I just had to settle for the least intrusive one I thought I could find.
I chose coinbase, and then I went to link my bank account.
It wants my fucking back account login and password are you fucking kidding me?
So then I have to search for a way around that, and I find a not well advertised way to forgo providing the password and just give them account and routing numbers. Then I have to wait 3-5 business days (it takes all 5) to verify the bank account.
>Alright, finally my account is verified let's buy some fuckin bitcoins and get this service paid for
Nope, you can only buy $100 max so I'll have to do it on 2 separate days of $100 and $50. Oh but it tells me I can lift this limit by providing additional info like last 4digs of social security, some other security questions, and linking a credit card. So I do it, it doesn't fucking work, it still says $100 max. Fucking whatever I'll just do it in 2 days then.
So I go and select to buy the first payment and it fucking tells me I have to wait 6 days for it to come in
What the fuck is even the point of bitcoin then? With all the damn hoops and info I have to provide to get any I'm sure someone out there knows exactly what I'm buying by now.
So much for anonymous online payments. What a load of crap.
Well it's too late now.
I can't cancel the $100 pending payment because apparently it takes 6 days for the bitcoin blockchain to send me 0.2307 BTC
(I know that's not true, but coinbase only offers a single explanation for why I can't cancel pending purchases, and that's it).
You must not have opened a PP account lately. Link to bank account with 2 transfers 3-10 days. Link to credit card 3-10 days. Verify email 1 day. Link to app 1 day.
I had my personal PP for years. When I opened by business account a few months ago it took dam near 3 weeks before I could accept payments
It's like our whole country has been taken over by
Apparently we can't be trusted to spend our money the way we want to, to communicate with each other the way we want to, or to think the way we want to. It all has to be tightly controlled so we don't accidentally become terrorists.
Yeah, the first steps are hard because there's a lot of scam potential. But once you're set up it's easy.
I honestly can't recommend any exchanges because they can (AND WILL!) run off with all your funds in a second. But that's just they way the world works. If you want to hold BTC, do it in a safe local wallet. But forget fast trading in times of emergency because most exchanges require 6 or more confirmations on funding addresses.
I use Kraken because Yuro.
>find a way to buy BTC, some banks offer partnerships with exchanges
>you can even use things like localbitcoin if you're that desperate
>after you have received BTC, send them to exchange that offers low fees and has good trade volume
>get verified to be able to hold FIAT as well as higher daily trading limits
>you can now buy and sell BTC within microseconds
>customize orders with things like trailing stop limits
>play with offered leverage once you're good at what you're doing
>sleep like a baby because trailing stops and make money doing nothing
Does paypal have a $100 limit?
and what happens after this 6 days when I finally get only a portion of what I wanted and I still need to get the other $50? Do I wait another 6 days?
It says I can do instabuy now but even that's capped to $25 a week.
So it's looking like it's going to take me at least 3 weeks to buy ONE fucking thing online with bitcoins.
Heres how to buy a bitcoin in less than half an hour:
>open wallet at blockchain.info 2 minutes
>select domestic bank transfer option.
>choose the best offer
>funds held in escrow, release escrow when bitcoins hit your wallet.
Literally takes less than half an hour. And requires you to give minimum contact details.
In short, youre a fucking idiot who has no idea how to operate a computer.
Heres how to sell bitcoins:
>select best domestic bank transfer offer.
>escrow, release coins when money hits your bank.
Took me like 15 minutes to sell 2 btc. Why do you say its hard to sell? Do you own or have you ever owned or sold a bitcoin before? Obviously not.
Is there anyway to sell them more anonymously? This is great for day to day usability, but what if you made money on speculating and wanted to avoid showing that much cash on your statements?
There are many offers for cash on local bitcoins. Once you meet the guy whatever you arrange is between him and you.
There are many people also wanting to convert cash to bitcoin anonymously. Not hard to find.
I know people who use this shit to clean money no one gives a fuck about your speculating man. These guys could be getting federal time double digits all they do is tumble/mix the coins and cash out its not rocket science dude.
Question about bitcoin: I know people store their bitcoin on 'wallets' on their computer/other drives. But let's say I have an account on one of the online cryptocurrency exchanges. I have no actual crypto, but I wanna get a small amount of bitcoin to later spend on a service that accepts bitcoin. Can I have someone send the bitcoin directly to my online account to hold there, then later spend the bitcoin directly from my account for the service, without using a wallet on my computer?
Yes, I realize it's unsafe to keep bitcoin online...but I'm literally only getting the bitcoin so I can then immediately spend it on a service afterwards. I just wanna do it without having to deal with the wallet and blockchain...
Yes you can get a web based wallet with 2 factor authentication from blockchain.info.
Its extremely simple and easy to use. You can then log into your account from any internet connected device to send and recieve bitcoins.
Ive been using blockchain as I've only been buying enough bitcoins to complete a transaction.
Now I'm looking to buy some to hold long term. How safe would it be to use this wallet for longterm storage? And what do you recommend as a safer alternative?