Buying Bitcoins - Revision history

Duki at 08:44, 28 March 2020

2020-03-28T08:44:02Z

← Older revision		Revision as of 10:44, 28 March 2020
Line 4:		Line 4:

	==PayPal==		==PayPal==
	~~[http://bitcoin.stackexchange.com/questions/2293/how-can-i-buy-bitcoin-via-a-credit-card-or-paypal~~ '''You can't directly buy Bitcoins using PayPal'''], because it is risky for the seller, and therefore few sellers will offer this. There are basically 3 reasons for that:		'''You can't directly buy Bitcoins using PayPal''', because it is risky for the seller, and therefore few sellers will offer this. There are basically 3 reasons for that:
	*The buyer of bitcoins can always perform a chargeback and there is no way for the seller to contest that		*The buyer of bitcoins can always perform a chargeback and there is no way for the seller to contest that
	*There are many hacked accounts and when PayPal realizes that such an account has been fraudulently used, they will also perform a chargeback		*There are many hacked accounts and when PayPal realizes that such an account has been fraudulently used, they will also perform a chargeback

Duki at 08:43, 28 March 2020

2020-03-28T08:43:21Z

← Older revision		Revision as of 10:43, 28 March 2020
Line 13:		Line 13:
	[https://www.coinmama.com/ CoinMama] uses Western Union to allow you to purchase Bitcoins through your credit card. This service is not available in the US.		[https://www.coinmama.com/ CoinMama] uses Western Union to allow you to purchase Bitcoins through your credit card. This service is not available in the US.

	[https://www.~~trucoin~~.com/ ~~Trucoin~~] - allows ~~users~~ to buy ~~Bitcoin with~~ credit ~~and debit~~ cards. ~~Trucoin~~ is the ~~first properly licensed money service business to offer this service and serves~~ U.S. customers in Alabama, Arizona, Arkansas, American Samoa, Connecticut, District of Columbia, Florida, Georgia, Idaho, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Montana, Nebraska, New Jersey, New Mexico, North Dakota, Oregon, Rhode Island, South Carolina, South Dakota, Texas, Wake Island, West Virginia, and ~~Wyoming, with more states and worldwide locations coming soon.~~		[https://www.coinbase.com/ Coinbase] allows you to buy and sell bitcoin instantly using credit cards but is not available in all countries. This feature currently is available in the U.S.A, all major European country and in the U.K.

	~~[https://coin.mx/ CoinMX] - Accepts worldwide users (mainly from~~ the ~~US). you can use your credit card to fund your CoinMX account and buy BTC or LTC currencies~~. ~~Requires verification of identity by sending a video holding a government issued ID (e.g. passport) to the site~~.

	==Bank Transfer==		==Bank Transfer==

	'''US Only!!''' [https://www.coinbase.com/ Coinbase] allows you to buy and sell bitcoin instantly by connecting any U.S. based bank account. You need an account number and routing number, which can be found on a check. A credit card can be optionally linked to your account as well. Coinbase also acts as a bitcoin wallet which can store the bitcoin once it is purchased. Ideal for beginners first getting involved in bitcoin.		'''US Only!!''' [https://www.coinbase.com/ Coinbase] allows you to buy and sell bitcoin instantly by connecting any U.S. based bank account. You need an account number and routing number, which can be found on a check. A credit card can be optionally linked to your account as well. Coinbase also acts as a bitcoin wallet which can store the bitcoin once it is purchased. Ideal for beginners first getting involved in bitcoin.

	[https://www.expresscoin.com/ expresscoin] [https://en.bitcoin.it/wiki/Expresscoin (info)] allows customers to buy Bitcoin with a bank wire transfer. Specific instructions of all payment methods are referenced in the [https://www.expresscoin.com/how How To Buy] page.

	[https://bittylicious.com/ Bittylicious] allows customers to purchase Bitcoins using an extremely simple interface. All customers need to do is to enter their Bitcoin address and email address and choose how many coins they want. If customers want to purchase more than the default (usually around £50/EUR 55/$80) then they just need to sign up and do some sort of verification. UK bank transfers, Euroean SEPAs, iDEAL and Mister Cash are all accepted.		[https://bittylicious.com/ Bittylicious] allows customers to purchase Bitcoins using an extremely simple interface. All customers need to do is to enter their Bitcoin address and email address and choose how many coins they want. If customers want to purchase more than the default (usually around £50/EUR 55/$80) then they just need to sign up and do some sort of verification. UK bank transfers, Euroean SEPAs, iDEAL and Mister Cash are all accepted.

Duki: /* Credit Cards */

2020-03-28T08:23:28Z

Credit Cards

← Older revision		Revision as of 10:23, 28 March 2020
Line 10:		Line 10:

	==Credit Cards==		==Credit Cards==

	[https://www.virwox.com/ VirWox] - The Virtual World Exchange accepts all major credit cards (via Paypal or Skrill) and allows you to buy SLL which you can then trade to Bitcoin. Using this method is faster then most options but has larger transaction fees involved.

	[https://www.coinmama.com/ CoinMama] uses Western Union to allow you to purchase Bitcoins through your credit card. This service is not available in the US.		[https://www.coinmama.com/ CoinMama] uses Western Union to allow you to purchase Bitcoins through your credit card. This service is not available in the US.

Duki: Virtual World Exchange (VirWoX) has permanently closed its business on January 6, 2020.

2020-03-28T08:23:01Z

Virtual World Exchange (VirWoX) has permanently closed its business on January 6, 2020.

@@ Line 8: / Line 8: @@
 *There are many hacked accounts and when PayPal realizes that such an account has been fraudulently used, they will also perform a chargeback
 *PayPal doesn't like bitcoin, as the bitcoin network is in direct competition to it. They will ban accounts that have anything to do with Bitcoins, and freeze their balance.
 ==Credit Cards==

Duki: /* Step 4 - Buy BTC */

2018-05-15T16:37:50Z

Step 4 - Buy BTC

← Older revision		Revision as of 18:37, 15 May 2018
Line 77:		Line 77:
	Once you have SLL in your account, go to the BTC/SLL and buy Bitcoins with your SLL. Same as previously, you can pick Market order for instant exchange, or a Limit order for a better exchange rate.		Once you have SLL in your account, go to the BTC/SLL and buy Bitcoins with your SLL. Same as previously, you can pick Market order for instant exchange, or a Limit order for a better exchange rate.

	<u>'''Note:'''</u> Minimum buy amount is '''0.~~010~~ BTC''', please keep that in mind especially if BTC market value is high.		<u>'''Note:'''</u> Minimum buy amount is '''0.001 BTC''', please keep that in mind especially if BTC market value is high.
	=====Market order=====		=====Market order=====

Duki: /* Step 4 - Buy BTC */

2017-06-02T20:24:46Z

Step 4 - Buy BTC

← Older revision		Revision as of 22:24, 2 June 2017
Line 77:		Line 77:
	Once you have SLL in your account, go to the BTC/SLL and buy Bitcoins with your SLL. Same as previously, you can pick Market order for instant exchange, or a Limit order for a better exchange rate.		Once you have SLL in your account, go to the BTC/SLL and buy Bitcoins with your SLL. Same as previously, you can pick Market order for instant exchange, or a Limit order for a better exchange rate.

	'''Note:''' Minimum buy amount is 0.010 BTC, please keep that in mind especially if BTC market value is high.		<u>'''Note:'''</u> Minimum buy amount is '''0.010 BTC''', please keep that in mind especially if BTC market value is high.

	=====Market order=====		=====Market order=====

Duki: /* Step 4 - Buy BTC */

2017-06-02T20:22:29Z

Step 4 - Buy BTC

← Older revision		Revision as of 22:22, 2 June 2017
Line 76:		Line 76:
	====Step 4 - Buy BTC====		====Step 4 - Buy BTC====
	Once you have SLL in your account, go to the BTC/SLL and buy Bitcoins with your SLL. Same as previously, you can pick Market order for instant exchange, or a Limit order for a better exchange rate.		Once you have SLL in your account, go to the BTC/SLL and buy Bitcoins with your SLL. Same as previously, you can pick Market order for instant exchange, or a Limit order for a better exchange rate.

			'''Note:''' Minimum buy amount is 0.010 BTC, please keep that in mind especially if BTC market value is high.

	=====Market order=====		=====Market order=====

Duki: /* Limit order */

2015-09-09T09:24:11Z

Limit order

← Older revision		Revision as of 11:24, 9 September 2015
Line 84:		Line 84:

	It's similar as before, with one difference - you're entering how much you want to pay, so ideally you want to pay as less as possible. So again examine the Current Market depth table and pick a price you want to sell at. If you enter a price slightly above the lowest highlighted price, your order is likely to fill up fairly quickly, but if you pick a lower value you'll have to wait some time until someone accepts your order.		It's similar as before, with one difference - you're entering how much you want to pay, so ideally you want to pay as less as possible. So again examine the Current Market depth table and pick a price you want to sell at. If you enter a price slightly above the lowest highlighted price, your order is likely to fill up fairly quickly, but if you pick a lower value you'll have to wait some time until someone accepts your order.

			'''Note:''' You are observing the red/pink tables (Offers to buy BTC). Similar as before it is best to observe the highlighted value, match it if the BTC volume is not too high (1 or more) or offer to buy at a bit higher rate for the quickest fill.

	[[File:Limit_order_BTC-SLL.png]]		[[File:Limit_order_BTC-SLL.png]]

Duki: /* Limit order */

2015-09-09T09:14:59Z

Limit order

← Older revision		Revision as of 11:14, 9 September 2015
Line 67:		Line 67:

	Ideally you want most SLL you can get, however do keep in mind that if you pick a very high price point it may take a long time to complete entirely. The field for the SLL will already be filled with the current best market price available, however you can change that to a bit more, and it will still get filled reasonably quickly.		Ideally you want most SLL you can get, however do keep in mind that if you pick a very high price point it may take a long time to complete entirely. The field for the SLL will already be filled with the current best market price available, however you can change that to a bit more, and it will still get filled reasonably quickly.

			'''Note:''' You are observing the blue tables (Offers to sell), note the EUR/USD volume. If it's not too high, you can try to get a better exchange rate then the currently highlighted value. However you will have to wait longer for it to be filled. If the volume of EUR/USD is quite high, it may be best to use the highlighted value or lower for a quicker exchange.

	[[File:Limit order EUR-SLL.png]]		[[File:Limit order EUR-SLL.png]]

	If the order isn't getting filled, you can always cancel it and start over.		If the order isn't getting filled, you can always cancel it on your [https://www.virwox.com/orders.php Order status] page and start over.

	====Step 4 - Buy BTC====		====Step 4 - Buy BTC====

Duki: /* Step 1 - signing up on VirWox */

2015-09-09T09:00:51Z

Step 1 - signing up on VirWox

← Older revision		Revision as of 11:00, 9 September 2015
Line 35:		Line 35:
	* '''IMPORTANT!!! Change your password!'''		* '''IMPORTANT!!! Change your password!'''

	After clicking the confirmation link it is advised you change ~~you~~ password as shown below since you will be transferring money through this site.		After clicking the confirmation link it is advised you change your password as shown below since you will be transferring money through this site.

	[[File:Password.png]]		[[File:Password.png]]