Sorry to be creating a thread on this, but I thought OzBargain would be far and away the best place to ask this question.
I want to buy Bit Coins from a reputable place so I don't mind paying extra.
How can I buy Bit Coins online using my credit card?
Thanks!
agreed. coinjar is easy and simple
wont do C/C though.
I dont think anyone will, and if they do they will ask for all your details and your underpants
Yeah generally CC is no good, unless you do a cash advance from the CC.
Due to the nature of bitcoins you need a non-refundable source, like a cash deposit or cheque so that your payment can be confirmed prior to them sending the bitcoins.
Thanks!
What's the most reliable place I can buy bit coins from?
we just told you.
No no, you're slipping. Wait one month then make another post asking the same question.
The internet.
Coinloft is another one, but the fees might put you off
Firstly, unless it's for research, I wouldn't bother. Unless you're donating money to someone in Venuzuela, for example. Or you think the Australian economy or government is going to fail critically and you have an exit plan (don't think the internet, let alone Bitcoin, gives you any superpowers).
If you just want to play around you could try https://bitit.gift/ to purchase small Bitcoin amounts via card without any verification. Though last time I checked the site was buggy (…and wouldn't proceed without verification). A lot of Bitcoin-related sites (at least outside Australia) are "iffy".
I was thinking of buying $20,000 or $30,000 worth late last year- they were low $1200 at the time. Just had a look- mid $1600- DOH!
Thanks so much for the replies!
Is it possible to buy Bitcoins from my bank?
We just told you :(
Effects of Alzheimer's :(
Al who?
Is it possible to buy Bitcoins from my bank?
Do you bank with Gringotts?
I'm going to be superficial here and go by your username:
Mate, we aren't your grandkids. Figure this stuff out for yourself.
Go here to look at prices: https://www.coinjar.com.au/trade
If you need any more help than this and you can't google it yourself just give up.
https://www.btcmarkets.net/ is another good Australian-based Bitcoin exchange which is a little more straightforward (ie, just an exchange, not an associated 'services' business model like Coinjar). Worth noting that Bitcoin prices are very close to their all time high, so I can't see that buying now would be a smart move, unless you actually need them for something other than an investment.
Ar arrr. Sounds dodg- trading in bi&coins.. do you plan on investmenting or tradin- for something else
I was just wanting to buy some Bitcoins because some online stores offer a 20% discount when Bitcoins are instead of a credit card.
&here's a trade off. Credit cards offer purchase protection but bit coins do not
Don't think it's worth the effort for 20% discount with the volatility of Bitcoin unless you treat it as a long term investment and do proper research in the area.
there was a bit coin ATM thing at polyester on brunswick street. not sure if its still there. not sure how to use it either sorry
There is one in the Emporium also. Probably a website lists them
My local newsagent has a sign up about Bitcoins,maybe yours does too.
I don't think you can buy on a credit card. This site shows the best prices available in Australia.
It also shows the payment types- I can't see credit card anywhere.
Try research8ing OneCoin. I'm using OneCoin.
I don't know if you're joking but to be honest the MLM ponzi scheme is not much worse than Bitcoin itself. Bitcoin defends its pyramidal structure by suggesting the early adopters took "risks" (making it the techno-enemy of socialists everywhere in its current form). OneCoin goes one step further by giving you an MLM scheme with handsome referral bonuses so you can lose friends faster than ever before.
Remember those high school friends that invited you to some obscure seminar related to "health products"? Yeah, neither do I.
According to Black’s Law dictionary a Ponzi scheme is:
“A fraudulent investment scheme in which money contributed by later investors generates artificially high dividends or returns for the original investors. Money from the new investors is used directly to repay or pay interest to earlier investors, usually without any operation or revenue-producing activity other than the continual raising of new funds.”
The main problem with Ponzi schemes is that they implode due to market saturation. Pyramid type investment structures funnel money to the top, while leaving the majority of participants at the base as bag holders.
Bitcoin does not fit the definition of Ponzi scheme for various reasons:
There are no paid dividends to any investors.
The purpose of using bitcoin isn’t to recruit new participants.
There’s no centralized body that funnels money up to the top.
Unlike Ponzi schemes, Bitcoin will still have value and continue to function even if no new participants join the ecosystem.
I intentionally avoided using the the term Ponzi or scheme regarding Bitcoin for that very reason.
But admittedly I didn't give any context to what I mean by "pyramidal". Bitcoin has a "wealth distribution pyramid"(https://en.m.wikipedia.org/wiki/Distribution_of_wealth) that mimics the real world (https://www.cryptocoinsnews.com/1-bitcoin-community-controls… - random first link, but there's hundreds of articles published if you're interested).
A common misconception is that decentralised automatically = fair. I'm against Bitcoin ever becoming a "universal currency". And no fanboys, it's not because I'm "jealous" (yes I used to read the often juvenile Bitcoin forums). I'll probably be long gone in 150 years. But I'll be damned if the Winklevoss dynasty gets 1% of the world's purchasing power.
The original intention, purpose or philosophy of cryptocurrency becomes irrelevant when you see how it's used in practice.
Stockpile eneloops instead - better value! Plus can buy with CC
If you withdraw $500 from a bank teller = THEY GIVE YOU A FREE ENVELOPES :)
coinjar