Difference between revisions of "Buying bitcoins"

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(→‎Large amounts: Corrections.)
(→‎Small amounts: Change to table layout.)
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==Small amounts==
 
==Small amounts==
  
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For smaller amounts, bank transfer fees or Liberty Reserve conversion fees are usually too expensive. Thus other methods are usually a better choice. The following exchanges will enable you to acquire smaller amounts of bitcoin at reasonable rates:
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For smaller amounts, the options are limited due to bank transfer fees, conversion fees and transaction size restrictions. Options include:
  
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* [[CoinPal]] accepts [[PayPal]] for purchases of small lots of bitcoin.
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{| class="wikitable"
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* [[Britcoin]]
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|-
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* [[bitcoin.local]] arranges for exchanging currencies in person with someone nearby.
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| Service || Type || Payment Method || Notes
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* [[Bitcoin 4 Cash]] will sell you bitcoins in exchange for cash in the mail.
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|-
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* [[Bitcoin Morpheus]] will sell you bitcoins for PayPal, check, money order or cash in the mail.
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|  [[CoinPal]] || Fixed Rate || USD (PayPal) || For purchases of small lots of bitcoins
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* [[BitcoinUSD]] an order book information service.
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|-
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* [[bitcoin-otc]] IRC trading marketplace will usually have people willing to deal for small and larger amounts using various payment methods, including [[PayPal]], [[Dwolla]], [[Linden Dollars]], etc.
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|  [[Britcoin]] || Market || GBP (bank deposit) || No charge for GBP deposits.
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|-
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|  [[Bitcoin 4 Cash]] || Fixed Rate || Cash in the mail || Send USD or CAD. Canada mailing address.
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|-
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|  [[Bitcoin2Cash]] || Fixed Rate || Cash in the mail || U.S. mailing address.
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|-
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|  [[Bitcoin Morpheus]] || Fixed Rate || PayPal<br />Cash in the mail || 7-day delay for PayPal transactions.<br />U.S. mailing address for cash transactions.
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|-
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|  [[bitcoin.local]] || Directory || Varies, Person to Person ||
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|-
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|  [[BitcoinUSD]] || Order Book || Varies, Person to Person ||
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|-
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|  [[bitcoin-otc|#bitcoin-otc]] || Order Book || Varies, Person to Person || IRC trading marketplace will usually have people willing to deal for small and larger amounts using various payment methods, including [[PayPal]], [[Dwolla]], [[Linden Dollars]], etc.
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|}
  
 
==eWallet==
 
==eWallet==

Revision as of 04:50, 2 April 2011

One issue currently facing a newcomer to bitcoin is, how do I get some? While there is the bitcoin faucet that can get you started with a small fraction of a coin, when getting larger amounts the user faces an abundance of choice. This page will cut through the clutter, and help direct you to the right exchanger for your needs.

Large amounts

For large amounts of bitcoin (USD 1000 or more), you probably would get the best rate if you deposit funds via bank wire, ACH, Euro bank transfer, or via Liberty Reserve into a major exchange.

Exchange Type Adding Funds Withdrawing Funds eWallet Notes
MtGox Market BTC
Liberty Reserve USD
USD (bank wire)
USD (ACH)
EUR (bank wire) 		BTC
Liberty Reserve USD
USD (ACH Direct Deposit)
EUR (bank wire) 		Yes Restrictions and limits on withdrawals.
Britcoin Market BTC
GBP (bank deposit)
PokerStars USD
 BTC
GBP (bank deposit)
PokerStars USD
 Yes
Bitcoin Central Market BTC
Liberty Reserve USD
Liberty Reserve EUR
EUR (bank deposit)
Pecunix 		BTC
Liberty Reserve USD
Liberty Reserve EUR 		Yes
BitcoinUSA Fixed Rate BTC
USD (ACH Debit) 		BTC
USD (ACH Direct Deposit) 		Yes Requires physical mailing address verification, photo ID.
Btcex Market BTC
USD (international wire)
EUR (bank transfer)
JPY (bank transfer)
RUS (RUB, Yandex, WebMoney) 		BTC
USD (international wire)
EUR (bank transfer)
 Yes USD handled in Switzerland.
EUR through Finland (SEPA)
RUS (RUB, Yandex, WebMoney).

Small amounts

For smaller amounts, the options are limited due to bank transfer fees, conversion fees and transaction size restrictions. Options include:

Service Type Payment Method Notes
CoinPal Fixed Rate USD (PayPal) For purchases of small lots of bitcoins
Britcoin Market GBP (bank deposit) No charge for GBP deposits.
Bitcoin 4 Cash Fixed Rate Cash in the mail Send USD or CAD. Canada mailing address.
Bitcoin2Cash Fixed Rate Cash in the mail U.S. mailing address.
Bitcoin Morpheus Fixed Rate PayPal
Cash in the mail 		7-day delay for PayPal transactions.
U.S. mailing address for cash transactions.
bitcoin.local Directory Varies, Person to Person
BitcoinUSD Order Book Varies, Person to Person
#bitcoin-otc Order Book Varies, Person to Person IRC trading marketplace will usually have people willing to deal for small and larger amounts using various payment methods, including PayPal, Dwolla, Linden Dollars, etc.

eWallet

Some services hold your bitcoins in an eWallet and provide funding methods.

See Also

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