What is your normal way of buying bitcoin?

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Last post made 7 years ago by herlis
mamagotit
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  • Many bitcoin users DO NOT like giving out their ID (identification) and this is kinda the point of bitcoin to begin with!!?? It seems as of late and even in recent years of course SCAMS ARE THE BIGGEST PART OF THE DIGITAL CURENCIES BTC INCLUDED!evil

    It's sad but true how do you buy them?

  • I use amazon and occasionally paypal (RARE) and beyond that in the past cash deposit via any bank (cheaper) when I use to buy them in bulk (they are worth almost 3,000$ each now omg! lol!)hysterical

  • I thinking introducing the ID verification is a good thing and can only make things more secure.

  • Personally honestly I can only see BTC becoming harder and harder to purchase.  Namely because of the amount of scammers out there right now trying to take advantage of the system.

    You got think about it, once they purchase the BTC and it's released to a persons wallet.  Unless if it's done in an escrow site such as Local Bit Coins or Paxful.  There's really very little recourse for them to recover the funds.

    So that's why it's getting harder for places to take things like plastic or echeck, mainly because those payment methods are reversible.  Cash transfer services weren't meant to be used as a buy and sell atmopshere unless if you get explicit permission from them to sell over there services.  Then we got the bank deposit method, but you only want to take so much in deposits over a certain period of time.  Mainly because the bank will get nervous you have deposits coming in from all over the country.

    Coinbase is trying to do there job, but I think there doing it too well honestly.  I'm sort of waiting for someone better to step up to the plate myself.  Yet I don't see that happening anytime soon.

  • mamagotit wrote:

    I use amazon and occasionally paypal (RARE) and beyond that in the past cash deposit via any bank (cheaper) when I use to buy them in bulk (they are worth almost 3,000$ each now omg! lol!)hysterical

    if they (bitcoins) are worth $3,000 now , if you dont mind me asking how much were they when you bought them?

  • cheetahwind wrote:

    Personally honestly I can only see BTC becoming harder and harder to purchase.  Namely because of the amount of scammers out there right now trying to take advantage of the system.

    You got think about it, once they purchase the BTC and it's released to a persons wallet.  Unless if it's done in an escrow site such as Local Bit Coins or Paxful.  There's really very little recourse for them to recover the funds.

    So that's why it's getting harder for places to take things like plastic or echeck, mainly because those payment methods are reversible.  Cash transfer services weren't meant to be used as a buy and sell atmopshere unless if you get explicit permission from them to sell over there services.  Then we got the bank deposit method, but you only want to take so much in deposits over a certain period of time.  Mainly because the bank will get nervous you have deposits coming in from all over the country.

    Coinbase is trying to do there job, but I think there doing it too well honestly.  I'm sort of waiting for someone better to step up to the plate myself.  Yet I don't see that happening anytime soon.

    I totally agree with your answer!  I love your long post here striking!  I am very hapoy that so MANY people are looking at these answers kudos ty!

  • I personally don't have to go as fsr as cpinbase. I think the price raising so high? Will kill it for gamers !

  • I hope there will be a new denomination or sub-unit  of Bitcoin; or the sites might lower the minimum bets for the games.   I think this would be a win-win situation for everyone.

  • Even if you have to provide your id, the very next transaction to new address from you can be done elsewhere and then there is no way anyone can prove that next address you sent to belongs to you. If the anonymity was one of the reasons for BTC, then leave it in ther.e

  • mamagotit wrote:

    I personally don't have to go as fsr as cpinbase. I think the price raising so high? Will kill it for gamers !

    if bitcoin will continue to raise the its price i think your right many gamblers will think its price is too high so they will think twice before buying bitcoins because bitcoins price might go down when you buy them and you will lose already even you have not yet started to gamble at a casino.

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