But why would you only indend to buy $150 worth of BTC as a one off? You attempt to buy another 150 worth they want ID These sites are pretty crap, I had been using circle pay app to upload local currency, then send it as bitcoin. But unfortunately they no longer offer btc & lost many users within the last few weeks. Blockchain is an app that requires no id or anything else. Upload your funds & it’ll automatically change to bitcoin as you send it on. Create a false iCloud acc & use that for your Tor browsers,… Read more »
Yes. Buying bitcoins from regulatory compliant bitcoin exchanges is risky because you have to trust they will handle your documents with privacy and security. Like all information provided online the service provider could be hacked and have it stolen.
There is no official Bitcoin price. Use BitcoinAverage or CoinDesk to see the average price of Bitcoin across all major international Bitcoin exchanges and compare that to the price on your chosen exchange.
If you’re not familiar with Shopify, all you really need to know is that it’s an ecommerce platform that allows merchants to set up their own online shops to sell their products similar to Etsy or eBay. In November of 2013, all 75,000+ Shopify merchants received the option to start accepting bitcoin payments with the help of BitPay. More »
Trading fees on the platform are fairly low. However, the verification process is more extensive than on other exchanges. Occasionally, users may be prompted to upload a picture of themselves along with some form of government-issued ID. CEX.io operates under the same principles as most other popular bitcoin exchanges.
Keep in mind that you aren’t limited to using one exchange. This means you can own accounts on all of the reputable exchanges, like Coinbase, BitPanda, CoinMama, LocalBitcoins, CEX.io and Changelly. This is perfect for users who feel restricted by exchange platform transaction limits.
With many companies accepting the change and others getting ready to, bitcoins are an extremely fast-spreading currency. Small businesses aren’t missing out on the action; many small shops have made the switch as well. QR codes are the biggest help in real-world bitcoin transfers. Using a smartphone and a Bitcoin wallet app, a user scans a label and presses a small buttoned aptly named “spend.” The list above is a current list of who accepts bitcoins. We’ll keep adding to this list as more companies get on board!
This is what your account page would look like if you were to sign up for a Bitcoin wallet on Coinbase. As you see, it kind of like the online banking software that most traditional commercial banks use for their customers:
If you’re looking to buy Bitcoins anonymously then the easiest way would be to buy Bitcoins in cash and in person. Use Local Bitcoins to find someone who is willing to sell Bitcoins for cash next to your physical location. You can use an alias email address to sign up to Local Bitcoins and the verification id process they have is optional. When you use cash it’s easy to remain untraceable as there is no documentation for the transaction. Keep in mind that most sellers on Local Bitcoins don’t like to do business with anonymous buyers, however since you’re paying in cash it should be less of an issue.
Though not all companies have made the switch, most have taken notice of the quick trend. The New York Times, a newspaper company, is currently looking for third party affiliates to help host the bitcoin currency. This is just a small example, there is no doubt many more companies are making the switch.
The other way to earn Bitcoins from trading is simple speculation. In this case you would buy Bitcoins, wait until the price increases, then sell for a fiat currency. When the price drops again, you buy more Bitcoins and start all over. For this to work out you either need to be very lucky or capable of predicting the future.
The Bitcoin world, in my opinion offers such arbitrage opportunities. But they are not as simple to execute as it might seem at first sight. Price differences between exchanges often come for certain reasons. The speed of fiat money transfers and access restrictions are just the most striking ones. You have to find out the concrete opportunities yourself. One place to start is this thread on Bitcoin StackExchange. Also, not every opportunity is available to everyone. Go and have a look at the price differences between exchanges and check out if you can find opportunities.
CoinMama is a bitcoin broker that enables purchasing bitcoins with credit or debit cards. Fees are about 10% with limits of about $5,000 per day and $20,000 per month. After verification then bitcoins are received within a few minutes. CoinMama is available only in some US states.
Other options include Coinbase (Europe, USA & UK), SpectroCoin (Europe) and the decentralized exchange Bisq which is both worldwide and much more private because it is done without a trusted third-party company.