Bitcoins: Where Did You Purchase Yours?

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  • SlammedMedia
    Confirmed User
    • Apr 2008
    • 1573
    #1

    Bitcoins: Where Did You Purchase Yours?

    I plan to get in this weekend when they drop.
    ICQ: 350-260-628
    Tags: None
    • thumbuilderic
      Just some porn guy
      • Aug 2012
      • 365
      #2
      As a bitcoin nerd, I would advise a few things:

      If you live in the USA, the easiest place is to use Coinbase.
      If you're inside the SEPA zone, use Bitstamp.net.

      Both services are very reputable and contribute a lot to the bitcoin community. If you live elsewhere, I'm not sure who the best vendor currently is.

      If you verify with Coinbase, they'll speed up your delivery on coins, but everything is done as a market order, so you're locked in at the price at which you buy them. Example: you buy 1 BTC at $650, but you don't receive it for 3-5 days. Within the 3-5 days, the price spikes. You still get 1 BTC for $650.

      I'd recommend subscribing to r/bitcoinmarkets (there's a lot of wisdom if you can look beyond the speculation bullshit), and also there is an IRC channel (#bitcoinmarkets) that serves as a live chat area.

      My favorite graphs are markets.thegenesisblock.com.

      I usually look at the order book for MtGox even though I buy at Coinbase. DO NOT BUY OR SELL FROM MTGOX. They are having a lot of banking issues and until they sort them out, it's not a feasible exchange for a small-time investor.

        Comment

        • Tookie-
          So Fucking Banned
          • Dec 2005
          • 140
          #3
          When bums on the street don't want bitcoins, that tells you something.

            Comment

            • SlammedMedia
              Confirmed User
              • Apr 2008
              • 1573
              #4
              Originally posted by Tookie-
              When bums on the street don't want bitcoins, that tells you something.
              They don't have internet access?
              ICQ: 350-260-628

                Comment

                • SlammedMedia
                  Confirmed User
                  • Apr 2008
                  • 1573
                  #5
                  Originally posted by thumbuilderic
                  As a bitcoin nerd, I would advise a few things:

                  If you live in the USA, the easiest place is to use Coinbase.
                  If you're inside the SEPA zone, use Bitstamp.net.

                  Both services are very reputable and contribute a lot to the bitcoin community. If you live elsewhere, I'm not sure who the best vendor currently is.

                  If you verify with Coinbase, they'll speed up your delivery on coins, but everything is done as a market order, so you're locked in at the price at which you buy them. Example: you buy 1 BTC at $650, but you don't receive it for 3-5 days. Within the 3-5 days, the price spikes. You still get 1 BTC for $650.

                  I'd recommend subscribing to r/bitcoinmarkets (there's a lot of wisdom if you can look beyond the speculation bullshit), and also there is an IRC channel (#bitcoinmarkets) that serves as a live chat area.

                  My favorite graphs are markets.thegenesisblock.com.

                  I usually look at the order book for MtGox even though I buy at Coinbase. DO NOT BUY OR SELL FROM MTGOX. They are having a lot of banking issues and until they sort them out, it's not a feasible exchange for a small-time investor.

                  Guess I should have mentioned, I'm in Canada.
                  ICQ: 350-260-628

                    Comment

                    • AllAboutCams
                      Femcams.com
                      • Jul 2011
                      • 12234
                      #6
                      i would never use local bitcoins
                      Binance - Blockchain and Crypto Asset Exchange
                      Chaturbate make money in cams

                        Comment

                        • looky_lou
                          Confirmed User
                          • Mar 2003
                          • 1771
                          #7
                          Heading for $600.00 tonight?

                          At what price will you buy?
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                            Comment

                            • Paul&John
                              Confirmed User
                              • Aug 2005
                              • 8644
                              #8
                              It looks like a good time for buy
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                                Comment

                                • uniquemkt
                                  Confirmed User
                                  • Mar 2012
                                  • 305
                                  #9
                                  Bitcoins are currently half price for week-after-black-friday.

                                  On topic, since GPU mining stopped being reasonable, I have been using Coinbase, which was crumbling under the load last night of people frantically selling vs people frantically buying.
                                  Last edited by uniquemkt; 12-07-2013, 02:26 AM.

                                    Comment

                                    • seeandsee
                                      Check SIG!
                                      • Mar 2006
                                      • 50945
                                      #10
                                      somebody is making bank on this, people with instant options fucking people...
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                                        Comment

                                        • DWB
                                          Registered User
                                          • Jul 2003
                                          • 31779
                                          #11
                                          We don't buy them. Customers give them to us.

                                            Comment

                                            • SlammedMedia
                                              Confirmed User
                                              • Apr 2008
                                              • 1573
                                              #12
                                              Originally posted by DWB
                                              We don't buy them. Customers give them to us.
                                              I wonder how many of your 30,473 posts were worthwhile.
                                              ICQ: 350-260-628

                                                Comment

                                                • DWB
                                                  Registered User
                                                  • Jul 2003
                                                  • 31779
                                                  #13
                                                  Originally posted by SlammedMedia
                                                  I wonder how many of your 30,473 posts were worthwhile.
                                                  Considering I just told you how we get our bitcoins, I'd say at least one.

                                                    Comment

                                                    • SlammedMedia
                                                      Confirmed User
                                                      • Apr 2008
                                                      • 1573
                                                      #14
                                                      Originally posted by DWB
                                                      Considering I just told you how we get our bitcoins, I'd say at least one.
                                                      Maybe you need to read my question again, because your answer had nothing to do with my question. I asked where you purchased yours, I don't care about any other way you got them.
                                                      ICQ: 350-260-628

                                                        Comment

                                                        • DWB
                                                          Registered User
                                                          • Jul 2003
                                                          • 31779
                                                          #15
                                                          Originally posted by SlammedMedia
                                                          Maybe you need to read my question again, because your answer had nothing to do with my question. I asked where you purchased yours, I don't care about any other way you got them.
                                                          Everyone I know who buys them uses CoinBase.

                                                            Comment

                                                            • rowan
                                                              Too lazy to set a custom title
                                                              • Mar 2002
                                                              • 17393
                                                              #16
                                                              Buy them via escrow with various sellers located in your country/regional area:

                                                              https://www.localbitcoins.com/

                                                                Comment

                                                                • srockhard
                                                                  Retired
                                                                  • Jul 2011
                                                                  • 1976
                                                                  #17
                                                                  Originally posted by SlammedMedia
                                                                  Guess I should have mentioned, I'm in Canada.
                                                                  I too use Coinbase and it looks like there are others in Canada who wish to use Coinbase so perhaps it will happen soon ...look here http://support.coinbase.com/customer...tside-the-u-s-
                                                                  Piper Pines

                                                                    Comment

                                                                    • crockett
                                                                      in a van by the river
                                                                      • May 2003
                                                                      • 76818
                                                                      #18
                                                                      So let me get this right.. If I want to buy a bitcoin, it takes 3 to 5 days.. However if I want to sell one, it's instant long as there is a buyer, but I can't buy again for 3 to 5 days with my order filling at the price 3 to 5 days ago?

                                                                      Meanwhile some people have access to instant buying and selling?
                                                                      In November, you can vote for America's next president or its first dictator.

                                                                        Comment

                                                                        • rowan
                                                                          Too lazy to set a custom title
                                                                          • Mar 2002
                                                                          • 17393
                                                                          #19
                                                                          If you can get your funds into an exchange to speculate you can buy and sell instantly.

                                                                          If you just want to 'invest' then use something like localbitcoins.

                                                                            Comment

                                                                            • SlammedMedia
                                                                              Confirmed User
                                                                              • Apr 2008
                                                                              • 1573
                                                                              #20
                                                                              Originally posted by DWB
                                                                              Everyone I know who buys them uses CoinBase.
                                                                              I'm in Canada, that's not an option.
                                                                              ICQ: 350-260-628

                                                                                Comment

                                                                                • crockett
                                                                                  in a van by the river
                                                                                  • May 2003
                                                                                  • 76818
                                                                                  #21
                                                                                  Originally posted by rowan
                                                                                  If you can get your funds into an exchange to speculate you can buy and sell instantly.

                                                                                  If you just want to 'invest' then use something like localbitcoins.
                                                                                  Ok so I can put money in an exchange just like a stock broker and buy/sell at will, like a day trader? So rather than buy the coin at set price wait 3 to 5 days, instead deposit with the broker and buy/sell at will? Does the exchange hold the coins in that case or just your green backs?
                                                                                  In November, you can vote for America's next president or its first dictator.

                                                                                    Comment

                                                                                    • SlammedMedia
                                                                                      Confirmed User
                                                                                      • Apr 2008
                                                                                      • 1573
                                                                                      #22
                                                                                      Originally posted by srockhard
                                                                                      I too use Coinbase and it looks like there are others in Canada who wish to use Coinbase so perhaps it will happen soon ...look here http://support.coinbase.com/customer...tside-the-u-s-
                                                                                      That might be a little late for people like myself, who are trying to catch as they go low. I think after Xmas they'll climb quite a bit.
                                                                                      ICQ: 350-260-628

                                                                                        Comment

                                                                                        • DAMNMAN
                                                                                          Confirmed User
                                                                                          • Dec 2002
                                                                                          • 1440
                                                                                          #23
                                                                                          Originally posted by Tookie-
                                                                                          When bums on the street don't want bitcoins, that tells you something.
                                                                                          Since when did bums on the street know anything about successful business?
                                                                                          email: zmaster (at) earthlink.net
                                                                                          ICQ: 196678616
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                                                                                            Comment

                                                                                            • TumblrPRO
                                                                                              So Fucking Banned
                                                                                              • Aug 2013
                                                                                              • 296
                                                                                              #24
                                                                                              I can't stop laughing watching some people trying hard to mine some bitcoins, lol...

                                                                                              You could do much more if you worked in your sites, rather than waste time with that.

                                                                                              There are some people, for example the secret Pool from BHA, that tries to mine bitcoins hard, LOL, so funny. They can't even mine ONE single BITCOIN per month.

                                                                                                Comment

                                                                                                • CAHEK
                                                                                                  C.C.C.P.
                                                                                                  • Aug 2003
                                                                                                  • 7414
                                                                                                  #25
                                                                                                  everybody is cashing out

                                                                                                  An anonymous website selling drugs and guns has disappeared - leaving users around £60million out of pocket.

                                                                                                  http://www.mirror.co.uk/news/technol...iminal-2879995

                                                                                                  Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!!

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                                                                                                    Comment

                                                                                                    • Tookie-
                                                                                                      So Fucking Banned
                                                                                                      • Dec 2005
                                                                                                      • 140
                                                                                                      #26
                                                                                                      Originally posted by DAMNMAN
                                                                                                      Since when did bums on the street know anything about successful business?
                                                                                                      You mad bro? Bitcoin scammin?

                                                                                                        Comment

                                                                                                        • Tookie-
                                                                                                          So Fucking Banned
                                                                                                          • Dec 2005
                                                                                                          • 140
                                                                                                          #27
                                                                                                          Originally posted by CAHEK
                                                                                                          everybody is cashing out

                                                                                                          An anonymous website selling drugs and guns has disappeared - leaving users around £60million out of pocket.

                                                                                                          http://www.mirror.co.uk/news/technol...iminal-2879995

                                                                                                          "Believed to have been run by someone based in the Czech Republic"

                                                                                                          Nuff said

                                                                                                            Comment

                                                                                                            • SlammedMedia
                                                                                                              Confirmed User
                                                                                                              • Apr 2008
                                                                                                              • 1573
                                                                                                              #28
                                                                                                              Originally posted by TumblrPRO
                                                                                                              I can't stop laughing watching some people trying hard to mine some bitcoins, lol...

                                                                                                              You could do much more if you worked in your sites, rather than waste time with that.

                                                                                                              There are some people, for example the secret Pool from BHA, that tries to mine bitcoins hard, LOL, so funny. They can't even mine ONE single BITCOIN per month.
                                                                                                              No one here said a single thing about mining bitcoins.
                                                                                                              ICQ: 350-260-628

                                                                                                                Comment

                                                                                                                • SlammedMedia
                                                                                                                  Confirmed User
                                                                                                                  • Apr 2008
                                                                                                                  • 1573
                                                                                                                  #29
                                                                                                                  Originally posted by Tookie-
                                                                                                                  You mad bro? Bitcoin scammin?
                                                                                                                  You should probably go back to not posting, you made more sense when you weren't saying anything.
                                                                                                                  ICQ: 350-260-628

                                                                                                                    Comment

                                                                                                                    • Paul&John
                                                                                                                      Confirmed User
                                                                                                                      • Aug 2005
                                                                                                                      • 8644
                                                                                                                      #30
                                                                                                                      Originally posted by crockett
                                                                                                                      Ok so I can put money in an exchange just like a stock broker and buy/sell at will, like a day trader? So rather than buy the coin at set price wait 3 to 5 days, instead deposit with the broker and buy/sell at will? Does the exchange hold the coins in that case or just your green backs?
                                                                                                                      If I'm correct then you put money into the exchange site/system. And from there you can buy/sell directly to other users. The site has its fee, 0.2% or so.
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                                                                                                                        Comment

                                                                                                                        • SlammedMedia
                                                                                                                          Confirmed User
                                                                                                                          • Apr 2008
                                                                                                                          • 1573
                                                                                                                          #31
                                                                                                                          Still looking for a simple way for Canadian users to buy bitcoins.
                                                                                                                          ICQ: 350-260-628

                                                                                                                            Comment

                                                                                                                            • iwantchixx
                                                                                                                              Too lazy to set a custom title
                                                                                                                              • Oct 2002
                                                                                                                              • 12860
                                                                                                                              #32
                                                                                                                              Originally posted by SlammedMedia
                                                                                                                              Still looking for a simple way for Canadian users to buy bitcoins.
                                                                                                                              Only small amounts at a time, but still workable.

                                                                                                                              https://quickbt.com/ca/?

                                                                                                                                Comment

                                                                                                                                • rowan
                                                                                                                                  Too lazy to set a custom title
                                                                                                                                  • Mar 2002
                                                                                                                                  • 17393
                                                                                                                                  #33
                                                                                                                                  Originally posted by crockett
                                                                                                                                  Ok so I can put money in an exchange just like a stock broker and buy/sell at will, like a day trader? So rather than buy the coin at set price wait 3 to 5 days, instead deposit with the broker and buy/sell at will? Does the exchange hold the coins in that case or just your green backs?
                                                                                                                                  Both, but it's generally harder to move USD/EUR into and out of exchanges.

                                                                                                                                  Buy up BTC some other way, deposit it to an exchange, then speculate.

                                                                                                                                  Remember that letting a third party store your BTC means that technically they can walk off with your funds.

                                                                                                                                    Comment

                                                                                                                                    • PornDiscounts-V
                                                                                                                                      Confirmed User
                                                                                                                                      • Oct 2003
                                                                                                                                      • 5744
                                                                                                                                      #34
                                                                                                                                      http://coinbase.com/
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                                                                                                                                        Comment

                                                                                                                                        • SlammedMedia
                                                                                                                                          Confirmed User
                                                                                                                                          • Apr 2008
                                                                                                                                          • 1573
                                                                                                                                          #35
                                                                                                                                          Originally posted by iwantchixx
                                                                                                                                          Only small amounts at a time, but still workable.

                                                                                                                                          https://quickbt.com/ca/?
                                                                                                                                          I tried that last night, most it let's you a day is 1/20th of a BTC (0.05BTC). I'm not looking to buy a ton, but if the price goes to where I'm hoping in the next couple weeks I'd like to be able to buy 5-10 at a time.

                                                                                                                                          Also, as I said, I tried that last night -- but when I'm about to go pay it tells me...

                                                                                                                                          "Your IP Address, Phone Number, Email or Bitcoin address is not allowed. Try using your home computer or email [email protected] for assistance."

                                                                                                                                          I've narrowed it down to being my IP address, but it makes no sense. I have a Canadian IP address and it puts me at the exact location I am in Canada.
                                                                                                                                          ICQ: 350-260-628

                                                                                                                                            Comment

                                                                                                                                            • nexcom28
                                                                                                                                              So Fucking Banned
                                                                                                                                              • Jan 2005
                                                                                                                                              • 3716
                                                                                                                                              #36
                                                                                                                                              I use
                                                                                                                                              localbitcoins.com
                                                                                                                                              bitbargain.co.uk
                                                                                                                                              btc-e.com

                                                                                                                                              I have no idea if these are any good for Canada.

                                                                                                                                                Comment

                                                                                                                                                • thumbuilderic
                                                                                                                                                  Just some porn guy
                                                                                                                                                  • Aug 2012
                                                                                                                                                  • 365
                                                                                                                                                  #37
                                                                                                                                                  Originally posted by SlammedMedia
                                                                                                                                                  Guess I should have mentioned, I'm in Canada.
                                                                                                                                                  CaVirtEx is the only Canadian exchange I've ever heard to have any repute...

                                                                                                                                                  Sorry I omitted that - at the time I couldn't remember their odd name!

                                                                                                                                                    Comment

                                                                                                                                                    • iwantchixx
                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                      • Oct 2002
                                                                                                                                                      • 12860
                                                                                                                                                      #38
                                                                                                                                                      Originally posted by SlammedMedia
                                                                                                                                                      I tried that last night, most it let's you a day is 1/20th of a BTC (0.05BTC). I'm not looking to buy a ton, but if the price goes to where I'm hoping in the next couple weeks I'd like to be able to buy 5-10 at a time.

                                                                                                                                                      Also, as I said, I tried that last night -- but when I'm about to go pay it tells me...

                                                                                                                                                      "Your IP Address, Phone Number, Email or Bitcoin address is not allowed. Try using your home computer or email [email protected] for assistance."

                                                                                                                                                      I've narrowed it down to being my IP address, but it makes no sense. I have a Canadian IP address and it puts me at the exact location I am in Canada.
                                                                                                                                                      Hmm yeah, it's good for tiny amounts, but that's about it. I like it cause I can use my Canadian debit card. As for the IP, I wonder if someone on your IP block got banned for fraud or something.. hard to say,

                                                                                                                                                        Comment

                                                                                                                                                        • iwantchixx
                                                                                                                                                          Too lazy to set a custom title
                                                                                                                                                          • Oct 2002
                                                                                                                                                          • 12860
                                                                                                                                                          #39
                                                                                                                                                          Originally posted by thumbuilderic
                                                                                                                                                          CaVirtEx is the only Canadian exchange I've ever heard to have any repute...

                                                                                                                                                          Sorry I omitted that - at the time I couldn't remember their odd name!
                                                                                                                                                          Virtex doesn't do actual selling though, do they? As far as I understand, it's just a place for selling your bitcoins and getting it wired to your account or via their own debit card.

                                                                                                                                                            Comment

                                                                                                                                                            • BlackCrayon
                                                                                                                                                              Too lazy to set a custom title
                                                                                                                                                              • Jun 2003
                                                                                                                                                              • 19634
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by iwantchixx
                                                                                                                                                              Virtex doesn't do actual selling though, do they? As far as I understand, it's just a place for selling your bitcoins and getting it wired to your account or via their own debit card.
                                                                                                                                                              well like all exchanges, the exchange doesn't actually sell or buy the bitcoins but offer a way of doing so.
                                                                                                                                                              you don't know you're wearing a leash if you sit by the peg all day..

                                                                                                                                                                Comment

                                                                                                                                                                • anexsia
                                                                                                                                                                  Confirmed User
                                                                                                                                                                  • May 2010
                                                                                                                                                                  • 5735
                                                                                                                                                                  #41
                                                                                                                                                                  Mt. Gox last year, still have a few left that I gamble with

                                                                                                                                                                    Comment

                                                                                                                                                                    • thumbuilderic
                                                                                                                                                                      Just some porn guy
                                                                                                                                                                      • Aug 2012
                                                                                                                                                                      • 365
                                                                                                                                                                      #42
                                                                                                                                                                      Originally posted by iwantchixx
                                                                                                                                                                      Virtex doesn't do actual selling though, do they? As far as I understand, it's just a place for selling your bitcoins and getting it wired to your account or via their own debit card.
                                                                                                                                                                      Honestly, I'm not sure. I've never worked with them but they have been mentioned in several articles (hence my note on their reputation).

                                                                                                                                                                      It's annoying to me that there are still so few good places to buy and sell, but I guess that can also be a good thing for some...

                                                                                                                                                                        Comment

                                                                                                                                                                        • halfpint
                                                                                                                                                                          GFY's Halfpint
                                                                                                                                                                          • Jun 2007
                                                                                                                                                                          • 15223
                                                                                                                                                                          #43
                                                                                                                                                                          Coinbox can be a pain too and there support is pretty crappy

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                                                                                                                                                                            Comment

                                                                                                                                                                            • danevans
                                                                                                                                                                              Confirmed User
                                                                                                                                                                              • Jun 2001
                                                                                                                                                                              • 1295
                                                                                                                                                                              #44
                                                                                                                                                                              Waiting for http://bitcoin.epassporte.com/ to come out of beta, they're supposed to be super reliable.
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                                                                                                                                                                              webmaster at multimoodia.net
                                                                                                                                                                              icq35291012

                                                                                                                                                                                Comment

                                                                                                                                                                                • jimmycastor
                                                                                                                                                                                  So Fucking Banned
                                                                                                                                                                                  • Jul 2006
                                                                                                                                                                                  • 342
                                                                                                                                                                                  #45
                                                                                                                                                                                  has anyone in here sucesfully ordered a physical product that was shipped and payed with bitcoin ??
                                                                                                                                                                                  and if yes please let us know...

                                                                                                                                                                                    Comment

                                                                                                                                                                                    • rowan
                                                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                                                      • Mar 2002
                                                                                                                                                                                      • 17393
                                                                                                                                                                                      #46
                                                                                                                                                                                      Originally posted by jimmycastor
                                                                                                                                                                                      has anyone in here sucesfully ordered a physical product that was shipped and payed with bitcoin ??
                                                                                                                                                                                      and if yes please let us know...
                                                                                                                                                                                      I was hoping to buy a USB miner with Bitcoins, to come full circle and have it literally pay for itself... but no, the guy wanted cash or Paypal.

                                                                                                                                                                                        Comment

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