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Understanding Bitcoin

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Rippedmover

HOW TO BUY BITCOIN AT ATMs AND IN PERSON!!

If you are still very confused about buying bitcoin here is the easiest/least technological way possible..... There are many atms across the country that sell bitcoin and you pay via debit card...also at the website you are about to see, you will find stores that sell bitcoin. Gas stations, pawn shops etc. Average of 5-8% fee at atms and in person, which is still half of what most ppl are paying online.

1) Download Blockchain Wallet and set it up.

2) Visit www.libertyx.com and enter your city or zip code (zip code seems to be better) and hit search 

3) A page will come up showing stores, many of which you will be familiar with, and beside each one it says "Debit" ATM" or "Cash" "Cashier". I'm going to do both real fast----click one that says Cash Cashier. A page loads showing store name, address etc. Click Purchase Bitcoin Here.**(Now go open Blockchain wallet, click request at the bottom right and copy your wallet address)** Paste your wallet address and select the fee for how quick you want your coins processed (aka Miners Fee) and hit enter. It gives you a code. Take that code to the cashier at that particular store and buy however much you want ($500 max per day I think). Once you pay and get a receipt your phone will buzz with a notification from Blockchain of funds received 💪 

Atm example: search your area like above and click on a store that has a bitcoin atm. Click Purchase Bitcoin and follow above steps until you get your code. Visit store, go to atm, and click "Liberty" on the screen. Enter your code and pay. Done.

I forgot about this way... Great option if not tech savvy or concerned with identity. I'm hoping these pics post in order. Maybe if it helps then @Admin or @2earls can make it a sticky..

 

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FlyAway

There are many ways now to buy bitcoin but most all go through an exchange (except peer to peer) in some way and in doing so ask for information about YOU. Buying BTC with anything linked to a bank account using a CC, debit card, PP or whatever, is going to have YOU and your info linked to the purchase of that bitcoin. Transactions are recorded on the blockchain and are public, any prying eyes can see what you do with it and whom it goes to. So whatever you do with your coin or how much gain you get from it, if & when you decide to cash in will be recorded and watched somewhere by somebody if they choose to track your activity.  Buying it the most convenient way is not always the best way, "they" have your identity and you've lost your anonymity. 

I pay cash through bitcoin ATM's when I buy coin and give up very little about myself. There aren't that many atm's around yet and they do differ from one to the next & most people aren't even near one but if you are close to one I would suggest try doing it that way. And, before I do anything else with my bitcoin, I take an extra step to somewhat insure my anonymity is preserved. Privacy may not matter much to you but it does to me.

 

 

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aBBazaBBa123

@RippedmoverHave you used this CEX.IO recently? Im in the middle of the pain in the ass verification process.

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aBBazaBBa123

Well I finally managed to score some btc without too much of a fee. I did what @Rippedmover using blockchain and CEX.IO, It took 2-3 days to complete all the ID verifications, no privacy at all. It cost me around thirty $ to purchase 288. Thanks for the help @Rippedmover, what a relief!!!

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Rippedmover
Posted (edited)

Hey @aBBazaBBa123 DM me because it shouldnt have been that high. I believe you did the instant buy.....never instant buy....

 

I'm still working on this for everyone BTW 

Edited by Rippedmover
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Joeycrack

I’m glad I finally took the plunge buying Bitcoin. Ive blown it off so long only because of fear. It is so much easier dealing with BTC rather then sending the money the old fashion ways. On top of that they get the payment so quick. There are so many pluses to using bitcoin. I’ll never go back unless circumstances make me go back. Granted I still have a lot more to learn about BTC but I got the buying and sending part down well! If worried about Bitcoin dont be you will be so happy you jumped on board!!

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aBBazaBBa123

@2earls I did get in touch wit him and he def showed me the ropes and now I finally understand how to by btc with low fees, fairly easily. My first try I did it wrong and the fee was 20 something $, my last fee was 29 cents or something. Btc mos def can be confusing but once you figure it out it unlocks so many doors and it really is simple to use if shown the way like @Rippedmover showed me. Thanks again man.

 

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Rippedmover

Glad you got it @aBBazaBBa123 💪 I got $350 today for $8 in fees. It's awesome. 

Never ever use "instant buy" in any app or website, the fees will be 4-7x higher!!

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aBBazaBBa123
Posted (edited)

This was gonna be my last attempt at purchasing  bitcoin too. 20$ fee to buy instantly and a 29 cent fee to wait ten mins, they dont let you in on that secret tho haha. Im using the exact method you showed me from here on out. Follow his write up, it really is simple and he explains it clear enough for me to understand, and thats sayin a lot haha.

@Rippedmover

Edited by aBBazaBBa123
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