I just stumbled upon a thread on reddit discussing how to buy bitcoins with some other crypto currency.
I’m not sure if it is legal in your country to buy this type of crypto, but it is something I’m interested in.
I’m going to share my experiences with buying with bitcoins, which are often sold as a way to “hack” your cryptocurrency.
What you need to know about buying with bitcoin:1.
How much does it cost to buy?
It depends on the seller.
Some sellers offer a fixed price (in dollars or euros) or even a discount.
Other sellers are willing to sell you bitcoins at a lower price (usually $1.50 or less) for a guaranteed profit.2.
Are bitcoins traded directly with each other?
Some exchanges and wallets are able to buy and sell bitcoin directly, which is often more convenient than buying directly with other currencies.
This is usually the case with major cryptocurrency exchanges such as Coinbase and Bitstamp, which also allow for direct transactions.3.
Are you willing to pay fees to buy your bitcoins?
Some sellers charge a transaction fee, but some are willing for you to pay to be able to make a purchase.
In general, bitcoin exchanges and wallet providers charge a flat fee of about 0.1%, but some services charge a percentage of the purchase price (such as Paypal’s “fee waiver” option) to prevent this.4.
Do you need a physical address to buy from?
Bitcoin can be purchased from sellers using their Bitcoin address.
For some, this is convenient.
Others may not like this method of purchasing, but the fact that the seller doesn’t need to give you a physical wallet address allows you to get a large number of bitcoins at one time.
If you’re in doubt about whether you’re willing to accept bitcoins from a seller or if they have a physical location, you should always call ahead.5.
How do I know if a seller has a physical store?
When you contact a seller with a question about buying bitcoins, they will typically confirm their address in the following manner:1) Send you an email with the address.
If it is not provided, it usually is provided by the seller, who may ask you to verify the address by using your Google Account or email.2) Click on “send”.
This will bring up a list of available locations in your area.3) Click “buy”.
If you are interested in buying bitcoins from the seller’s address, they should confirm your order by confirming your receipt and then by sending a confirmation email to that address.4) Click the “buy” button.5) The seller will confirm their purchase and notify you of the confirmation email.6) You will receive an email notification of your order and confirmation that your purchase has been completed.
You can also confirm your purchase with the seller directly by visiting their website and viewing their confirmation email address.
You can also call them directly and ask for confirmation.
This may take some time, but they usually will confirm your transaction within about an hour or two.
If this doesn’t work, you can also check their PayPal account to see if they accept bitcoins.7.
Can I send my bitcoins to another seller?
However, you will have to pay the seller a transaction transfer fee.
I am not sure whether this is necessary or optional, but I am hoping that it helps to keep prices competitive.8.
Is there a fee to buy with bitcoins?
You may need to pay a transaction fees for some bitcoin purchases.
If the seller is offering a discount, you may not want to pay this fee.
For example, the seller may not be offering the best rates or you may have to negotiate.
If that is the case, the merchant may charge a fee for you.
I will cover this in more detail below.9.
How long does it take to buy a bitcoin?
Typically, bitcoins are sold within a few days after payment is received.
For many sellers, this means they sell the bitcoin at the earliest possible time, or within two weeks.
You may be able for bitcoin to be sent to a seller at a later time.
For more information, check out the Bitcoin FAQs.10.
What if I need help finding a seller?
There are several ways to buy bitcoin.
Some websites will help you find the best seller, while others are more difficult to navigate.
If your local seller is not offering a good price, you could also consider buying bitcoins directly.
Some may also allow you to make transactions with a trusted third party (such in-person payments).
You can check the sellers marketplace to see which ones are accepting bitcoins.
For additional help, please read the following topics:What is the difference between buying bitcoins and selling them?
There is a difference between selling and buying bitcoins.
Sellers buy bitcoins for their own account, and buyers sell bitcoins for other users.
Seller fees are charged to buyers, but buyers are not charged.
Some vendors are accepting bitcoin directly and some are selling bitcoins