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The ways of buying Bitcoin

Jan 15th 2015 at 9:44 AM

Bitcoins have quickly become the fastest way to purchase items online, and thanks to this online currency the whole process of buying/selling online is much simpler and easier. If you want to perform a transaction with Bitcoins you either need to mine them, a process that can take a lot of time and which is not for everyone, or you can purchase them. In this article we are going to show some of the best ways that you can use in order to purchase bitcoins online.

If you have a PayPal account and want to purchase bitcoins, you are out of luck unfortunately. Because a chargeback is very easy to perform with this payment processor, few sellers will offer such a thing, but there is a workaround in the form of the Virtual World Exchange where you can purchases SSL with your PayPal then transform them into bitcoins. Sure, it can take quite a lot of time and it might not be convenient but it’s still a possibility.

If you want a simpler and more reliable way to purchase bitcoins, you should know that you can get some with your credit card. There are numerous places from where you can purchase bitcoins from with your credit card, and these include VirWox, CoinMama, Trucoin and many others.

On top of that, you can also get bitcoins via a bank transfer. If you are in the US, you can get bitcoins via Coinbase, Expresscoin, Kraken, BitQuick, Belgacoin, Bitalo, Asia Nexgen and others. For those in the UK that need bitcoins, they can easily try ALFAcashier or BitcoinMagnet which are a great places where customers are allowed to either buy or sell bitcoins depending on their needs.

Believe it or not, you can actually exchange cash for bitcoins. Places such as Local Bitcoins, Asia Nexgen and BitBrothers will be more than happy to help you make the shift from cash to bitcoins, and all of these places are very secure so there won’t be any security issues!

If needed, Express Coin can even allow you to exchange a check with bitcoins, although the process is a little complex and you need to refer to their buying guide for that.

US residents can also choose to get bitcoins with their gift cards at GiftCardDrainer, a place that successfully combines the ability to shift the value of your gift cards towards the more valuable and interesting bitcoins.

Working with people that sell their own bitcoins can be a good idea as well, although caution is advised because it’s hard to know if a seller is scamming you or not, so you need to take this method with a grain of salt.

If you use iDEAL or MoneyGram, then you need to know that both of these services and their subsidiaries can also provide you with the means to purchase bitcoins.

As you can see, there are a plethora of ways to purchase bitcoins, you just need to get a bitcoin wallet and then select one of the methods above. Just like in any other type of purchase, choose a method that is secure in order to avoid scammers!

 

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