every bitcoin thread i reply to asking where to purchase bitcoin from a reputable and safe site yields no results.
just want to know where to purchase.
its my choice. its not like im going to put thousands of dollars into it.
i consider it a fun alternative to gambling, im just here for the speculation and nothing more.
where do i purchase coins
The major exchanges are Bitstamp (EU), Coinbase (US), BTC-E (Russia) and Huobi (China). They usually operate via bank transfers.
You inject funds in your USD/EUR, buy bitcoins on the exchange, then cash out in bitcoins. Then go through a bitcoin mixer if you are paranoid about privacy.
Localbitcoins is a lil bit shady, but you can literally meet up with a guy in a cafe, hand him the cash and then wait together for 20 minutes for the bitcoin transaction to go through.
does coinbase only work for people within the u.s. can you not use paypal/
as anon mentioned above i looked at people with lots of reps on localbitcoins, its really strange, most of them ask for id, selfie with id and other weird requests and dont accept paypal which is dodgy.
Paypal can be chargebacked thats why no one accepts it. Bitcoin is a direct competitor to Paypal and it has fucked over bitcoin traders since the beginning.
Pic related, i would buy bitcoin from any in this list. If you have online banking it takes half an hour max.
Its called escrow.
These people would lose more money through ripping you off and getting bad feedback than they would gain from bilking you out of your first bitcoin purchase.
Just avoid the ridiculously good deals, theyre either scammy or they're trying to launder money for boko haram.
They send bitcoins to local bitcoins escrow account.
The bitcoins are shown to you held in escrow
You make bank transfer
When he recieves money he releases the escrow
If there is a dispute you open a case with localbitcoins and the truth of the matter will out.
You're a little late to jump on the bitcoin trade, Pitou.