Bitcoin how use

**swolesteelers** · 03-25-2018, 11:49 PM

Ok whats the easiest and safest way to buy bitcoin from debit card

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**Cowboymike** · 03-26-2018, 03:44 AM

Originally Posted by swolesteelers

Ok whats the easiest and safest way to buy bitcoin from debit card

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I know others have ways... but I have two routes I take. One if I’m in a hurry, the other when I’m just putting coins in for later...

1. If in hurry:

A.) I buy from coinbase (fee associated. Usually $11.99 usd per $300 limit bought) (downloadable in App Store or google play)
B.) send to “blockchain wallet” (downloadable in App Store or google play) this will incur a small fee
C.) I will pay out to a vendor from this wallet. (This also incurs a small fee of around .07-.11)

If not in a hurry:

I buy BTC on Gemini. (They’re very limited in the states they’re licensed in, but growing by the month in obtaining the licenses.) This is actually my go to and main method due to the much lower fees. But you have to wait almost a week before you can move any coins out. This is a use your bank only option. But they are the most secure to hold your coins and do your transfers. They’re also federally insured and I doubt they’ll ever be hacked. I keep my coins here until I need to conduct business and then it’s the same steps as B & C above...

The first example is probably the most user friendly.

**Nk775** · 03-26-2018, 05:11 AM

I just recently started using bitcoin, it's a lot easier than I thought it would be and quite freaky makes placing an order absurdly easy and convenient. I went with coinmama.com go to there website and open a free account. During the account set up you will have to send a picture of your license, front and back, then a picture of your face holding your license with a piece of paper with the date. Depending on how many verification steps you complete they will set a limit on how many bitcoin you can purchase. After setting up your coinmama account but before buying bitcoin go to Google app store and download block chain wallet, it's free. Once you have your wallet you go back to coinmama purchase your bitcoin with 5% fee and your purchase will go into h
Your wallet. Then you can transfer bitcoin from your wallet to someone elses(making a purchase) and block chain wallet literally charges cents as a fee.

**swolesteelers** · 03-26-2018, 05:56 AM

You have to show i d

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**sumguy** · 03-26-2018, 06:00 AM

Basically the same as Nk775, but I downloaded the Electrum wallet. Opened a Coinmama account and have made several Bitcoin purchases since. They charge 5% of purchase price, plus another 5% for credit/debit card processing fee. There is a small mining fee also, amounts to penny's.

But you get some of that back when you pay via Bitcoin and get 5-10% off your order. As most sponsor's rather not deal with WU, MG, etc, just too much hassle, on both sides. So that's why most offer discounts if you pay with Bitcoins.

Once Coinmama approves your account it is a pretty basic process of buying, receiving and sending Bitcoins. If you can create and use an email account, you can just as easily open and use an account to buy and send Bitcoins.

Good luck.

**RedWood1** · 03-26-2018, 06:01 AM

Originally Posted by Nk775

I just recently started using bitcoin, it's a lot easier than I thought it would be and quite freaky makes placing an order absurdly easy and convenient. I went with coinmama.com go to there website and open a free account. During the account set up you will have to send a picture of your license, front and back, then a picture of your face holding your license with a piece of paper with the date. Depending on how many verification steps you complete they will set a limit on how many bitcoin you can purchase. After setting up your coinmama account but before buying bitcoin go to Google app store and download block chain wallet, it's free. Once you have your wallet you go back to coinmama purchase your bitcoin with 5% fee and your purchase will go into h
Your wallet. Then you can transfer bitcoin from your wallet to someone elses(making a purchase) and block chain wallet literally charges cents as a fee.

That's exactly how I'm using BTC. Limits are high also can't see myself buying my limit ever. I don't have that money to.

**sumguy** · 03-26-2018, 09:02 AM

Originally Posted by swolesteelers

You have to show i d

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R. When opening an account to buy Bitcoin yes, but when opening a wallet, no.

**DEE151** · 03-27-2018, 03:28 AM

to much righting, make it easy for him not a book.
buy from coinbase super easy, then withdraw your tokens from gdax, log into gdax using your coinbase login, sister company.
then once you have your tokens into gdax send them were ever you want to. wallet or exchange. the fee is only like 15 cent to withdraw from gdax.

**RedWood1** · 03-27-2018, 03:34 AM

Originally Posted by DEE151

to much righting, make it easy for him not a book.
buy from coinbase super easy, then withdraw your tokens from gdax, log into gdax using your coinbase login, sister company.
then once you have your tokens into gdax send them were ever you want to. wallet or exchange. the fee is only like 15 cent to withdraw from gdax.

What's gdax, I don't know this stuff. Kicked off from Coinbase.

**kubes** · 03-27-2018, 03:40 AM

Originally Posted by RedWood1

What's gdax, I don't know this stuff. Kicked off from Coinbase.

Gdax is coinbase. U log in with your coinbase user name and password and you can move your coin with less fees. Do a google search and see if there is a bitcoin atm around. I used mine today and just put the cash directly from the atm to bitcoin blockchain wallet. Took less then a minute and it funded before I walked away from the atm