how to buy and sell bitcoins

In addition to having a unique digital fingerprint, Bitcoins are also characterized by their position in a public ledger of all Bitcoin transactions known as the blockchain.
A single Bitcoin can be divided down to 8 decimals, and people can transact with fractions of Bitcoins, known as satoshis, so even if one Bitcoin is worth a lot, the system is still useful for very tiny transactions.
Bitcoin, by contrast, doesn’t depend on a central bank or government — people create Bitcoins through mining.
We watched breathlessly as early Bitcoin owners became millionaires and authorities seized millions of dollars worth of Bitcoins from the the Web’s notorious black market, the Silk Road.
The public address and private keys are both required to trade, sell, and spend Bitcoin.
In order to make transactions on an exchange, you must have a Bitcoin wallet (more about this later) to keep your currency in.
Bitcoin is at its core a cryptographic protocol, which is why it is also referred to as a “crypto-currency.” The protocol creates unique pieces of digital property that can be transferred from one person to another.
Transactions are currently quite difficult to trace, however, which is why Bitcoin has been associated with illicit activity, such as buying and selling drugs on the now-defunct Silk Road market.
Mining is the process of solving complex math problems (also called “hashing”) using computers running Bitcoin .
The Bitcoin ecosystem is growing more robust and legitimate, and the movement’s evangelists are pushing hard for mainstream adoption — to turn Bitcoin into a currency rather than an asset or a financial lark and make the most of its unique capabilities.
Short-Selling, Margin Trading, and flexible Order-fulfillment options: CampBX is the first trading platform to bring these features to Bitcoin traders.
We perform nightly third-party security audits by McAfee, frequent & encrypted back-ups, and follow a comprehensive disaster recovery plan.
Say goodbye to lag, because our platform runs on financial-institution grade hardware that can deliver quick trade execution and fluid experience even on high-volatility days.
A comprehensive compliance program with state and federal regulations ensures that your trading account will be safe with us.
CampBX team has taken every precaution to earn your trust and ensure that your Bitcoins are always safe.
This will give you a secure place to store your bitcoin, and easy payment methods to convert your local currency into or out of bitcoin.
Coinbase makes it easy to convert your local currency into and out of bitcoin.
After starting your first purchase, we’ll complete your buy and deliver your bitcoin.
Both websites require some personal identification verification steps in order to Instantly Buy or Instantly Sell BitCoin but they are worth it for protecting your money.
I made this video to help protect you from the many scams and ripoff websites that steal BitCoin from people.
I ended up choosing coinbase because of a few reasons, but mostly because they allow instant transfers to my bank account and instant trades.
After transferring it into your bank account, you'll be able to withdraw money into your local currency from an ATM.
You can then transfer Bitcoin to a bank account to exchange it for real money.
When deciding how to sell your bitcoin, you first need to consider which method best suits your situation: selling bitcoin online or selling bitcoin in person.
Some (such as BitBargain UK) may even ask you to take a selfie including your photo ID and the name of the market on a piece of paper! If you are not comfortable uploading such personal documents to an (effectively) untrusted business, then you will have a difficult time finding somewhere to sell bitcoin online.
The downside that accompanies this ease of use is that, if you are selling bitcoin for fiat currencies, you will need to withdraw those funds to your bank.
The marketplace brings together individuals with matching requirements to effectively sell bitcoin to one and provide discounted goods for the other.
New peer-to-peer trading marketplaces that allow bitcoin owners to obtain discounted goods with their bitcoin via others that want to obtain the cryptocurrency with credit/debit cards.
Once the goods are delivered, Alice notifies the marketplace and Bob’s bitcoin are released from escrow and arrive in his wallet, minus Alice’s agreed discount and a small fee for the marketplace.
Another way to transfer money to your bank after selling bitcoin is via the “Single European Payments Area” (SEPA) system.
It’s less likely that anyone would want to do this, but there are reasons such as arbitrage, or the rare occasion if a shop accepts something other than bitcoin (for example, Bitcoin Shop now accepts litecoin and dogeoin too, for a wide range of goods).
The first group are individuals who want to be able to use bitcoin to buy goods from sites which do not yet directly accept digital currencies.
Selling bitcoin in person can, in many ways, be the easiest way to pass on your digital currency.
If you are opening an account with the specific purpose of receiving funds from bitcoin trading, you may find high street banks refuse to do business with you.
Selling bitcoin online is by far the more common way of trading your bitcoin.
There are few legal requirements from bitcoin markets to record who their users are, but most (if not all) are pre-emptively collecting identity data in anticipation of forthcoming regulations.
BTC-e charges a flat 0.2%. For overviews of what fees are charged by the various cyrptocurrency markets and what volumes are being traded, see CoinCompare and Bitcoin Charts for up-to-date information.
There are now three ways to go about selling bitcoin online.
The marketplace acts as an intermediary, offering users the platform, bitcoin wallet and escrow for transactions.
Most (if not all) online bitcoin markets support this method of transferral.
As BTC China’s CEO Bobby Lee pointed out, half of all Bitcoin exchanges will close within a year of operation with the average lifespan being about 380 days. The Hong Kong-based GBL exchange lasted just four months, sending $4.1 million in customer and investor funds up in smoke after it suddenly shutdown in late October.
But being outside of the world's financial centers means transferring cash the old way. Cashing out of BTC-e, a popular exchange that trades Bitcoin and an assortment of altcoins including Litecoin, requires not only getting your money out of your account but also out of Bulgaria.
Bitcoin prices across exchanges can vary widely, and are susceptible to fluctuations in fiat currency exchange rates.
And because it remains difficult to fluidly trade bitcoins with other currencies—whether due to exchange backlogs, geographical barriers for fiat currency, or whatever else—bitcoins are worth different amounts on different exchanges.
And if Bitcoin's utility as currency continues to grow—if more people treat bitcoins as money for exchange, rather than an investment to be cashed back into dollars or euros—fluctuations will smooth out.
Watch tutorial, read buy guide, online sell guide, cash trading guide and common questions. is a marketplace for trading bitcoins locally for cash or online payments of your choice.
Trade bitcoins in 6552 cities and 230 countries including United States.
In this new white paper you will learn how DBAs can avoid "database isolation management" and how a broad perspective gives DBAs control over any database environment.
Most articles about Bitcoins talk about the process of "mining". The Bitcoin network does is indeed made up of a peer-to-peer network of "mining" servers, but what this "mining" software is doing is actually running the network itself.
Anyway, the log keeping/blockchaining process is so computationally expensive that a reward for partaking in this work (and making the whole system work), the mining servers are given some Bitcoins for participating in this work.
Summary: In the first part of my two part series of how to actually buy and sell Bitcoins, I look at the theory and the underpinnings of the Bitcoin system.
The easiest part to understand is that the Bitcoin system operates as a peer-to-peer network without centralised servers.
Mining is now not regarded as being a decent way of getting into the Bitcoin system — it requires considerable effort and specialist hardware to get started.
π Rendered by PID 3904 on app-11 at 2014-10-19 03:03:47.428475+00:00 running cb7ab6e country code: US.
I just completed my first purchase of bitcoins with Coin Republic – it was all very easy, and David was in constant contact to let me know the status of funds transfer etc.
David Moskowitz, the founder of Coin Republic, has been helping people and companies in Singapore purchase Bitcoin since September 2013.
Coin Republic is a trusted source, and David Moskowitz, a well known member of the Singapore Bitcoin community.
Coin Republic is definitely the best method of buying bitcoins in Singapore! The service is super fast, the prices are reasonable and it’s completely hassle free.
Transferred $100 worth of bitcoins within 10 minutes at 10pm (my bank account => coin republic => my bitcoin wallet).
Bought $100 worth of coin from David yesterday as a first time buyer.
I did my first transaction with David of Coin Republic.
Bought my bitcoins from Coin Republic a second time and once again I am very pleased with the service provided.
Dedicated servers, 100% offline "cold" wallet, secure offsite paper backups, encrypted disks, and smart card secured access are just some of the components to our end to end security strategy.
* Rate is locked when the inbound transaction is visible to BitSimple on the Bitcoin Network as an unconfirmed transaction.
With BitSimple there are no long delays before you can execute a trade because no confirmations are required* to sell your coins.
We think Bitcoin is strongest when users keep direct control over their wealth, rather than keeping it parked in large vulnerable exchanges.
Need Bitcoins today, not next week? You can lock in a rate in minutes and the coins will be transfered directly to your address today**.
Not responsible for Bitcoin network outages or delayed caused due to insufficient transaction fees paid by sender.
Unlike traditional exchanges which expect you to put your coins under their control, we say "Keep your coins in your wallet".
BitSimple can put funds into your PayPal or bank account securely and within hours not days or weeks like the other guys.
What does this mean for you? Well, it technically means we haven’t verified our SSL cert so you shouldn’t trust us with sensitive information like credit card details, but the site will still secure your data using SSL.
The site will show an invalid SSL certificate until sometime Monday (April 28th) when we can install our new certificate.
Local Bitcoins allows sellers and buyers who are located nearby to meet and exchange Bitcoins through various methods including cash, wire transfer, Money Bookers, Skrill and more.
BitBothers LLC allows customers and bitcoiners to purchase bitcoins by either sending in cash, money orders, cashiers checks, or MONEYGRAM to a designated location.
BitBrothers LLC allows customers and bitcoiners to purchase bitcoins by either sending in cash, money orders, cashiers checks, or MONEYGRAM to a designated location. (info) allows customers to buy Bitcoin with a bank wire transfer.
The following websites can be used to find direct sellers online Bitcoin OTC, Local Bitcoins or the Currency Exchange Forum Section.
You can store bought Bitcoins on your own address, or using a safe multi-signature Bitcoin wallet on Bitalo, for free.
Customers, who must supply an identity card and proof of address for anti-money laundering regulatory compliance, will be able to purchase bitcoins for cash.
Local Bitcoins offers a Bitcoin escrow service that holds the funds until the transaction is complete, therefore reducing fraud.
The reason this method works is because you do not buy Bitcoins with Paypal directly, you only buy SLL with Paypal (which is acceptable by Paypal’s TOS) and then exchange your SLL to Bitcoin.
bitXoin (info) Buy bitcoin via online ordering and bank deposit, cash over the counter at most banks throughout Australia.
VirWox – The Virtual World Exchange accepts all major credit cards (via Paypal or Skrill) and allows you to buy SLL which you can then trade to Bitcoin.
When they receive the items the bitcoin buyers receive the bitcoins that were held in escrow during each transaction.
With Brawker bitcoin buyers buy items at online merchants for people interested in paying with bitcoins.
On Bitcoin Nordic you can purchase bitcoins using international bank transfers from any country and CashU prepaid cards sold in North Africa and the Middle East.
Easy and secure cryptocurrency exchange to buy and sell bitcoins and alternative cryptocurrencies.
Buy Bitcoins instantly with cash deposit or SEPA transfer from sellers with bitcoin already in escrow for a low 2% fee (0% to sell).
Buy and Sell Bitcoins, and other Cryptocurrency via IBWT, low verification, a secure platform, easy to withdraw and deposit.
Deposit Cash, Get Bitcoins – The United States’ largest cash for bitcoin service.
In addition, UKash vouchers sold in any country including Central and South America can be exchanged to CashU and then used to purchase bitcoins on Bitcoin Nordic.
The exchange offers fast and secure buying, selling and trading of Bitcoins.
The CoinX digital currency exchange registered with the US Department of Treasury’s Financial Crimes Enforcement Network, complies with Anti-Money Laundering (AML) and Know Your Customer (KYC) policies, and holds money transmitter licenses in multiple states.
Bitcoin-Brokers brings together bitcoin buyers and bitcoin sellers and creates the framework for a safe, easy, and convenient experience for both parties to either buy or sell bitcoin.
Buy and sell bitcoins through a simple exchange.
Buy and sell bitcoins with other users through an online marketplace.
Started by wall street veterans, LakeBTC is a professional bitcoin exchange dedicated to high security, high reliability, and high liquidity.
What is bitcoin? Bitcoin is a digital currency and payment network which uses open-source and peer-to-peer technology to operate with no central authority or banks.
If you happen to reset your phone or lost your phone that was generating secondary passwords (Google Authenticator), then please contact us using CONTACT form and we will reset your secondary password settings after verification.
The introductory email also includes a brief description of bitcoin and highlights the unqiue properties of this powerful protocol.
Through many of it’s unique properties, Bitcoin allows exciting uses that could not be achieved by any previous payment system.
As you have enabled Secondary Password on your account, please key in your 6 digit code from google authenticator from your phone to login.
The reason for the price differences are fees for transferring between the bitcoin exchanges (you have to transfer both, bitcoins and fiat currency for a complete cycle) and fees for trading bitcoins against fiat currencies.
The price difference between BTC-e and MtGox can be as high as $100/BTC The problem is how to get your cash (US$) out of MtGox? Last time I tried, I waited – in vain – for almost 5 weeks and finally created a support ticket to cancel the wire transfer, bought BTCs at the inflated price and transferred them to CoinBase to cash out.
Because of the arbitrage traders, who make profits as long as the price difference is big enough, the prices on different exchanges quickly adjust to be right at the border between where the fees eat up the earning and where you make profits.
The problem is when you want to trasfer some bitcoin froma a market to another (it takes time! and some fees) and when you want transfert dollars in/out a market (it takes fees!!).
There is room to play some arbitrage buying and selling in different exchanges market, but the real problem is the speed of the transactions and keeping your dollars into all you accounts.
Example: transfer fiat to bitstamp, buy at 100, get bitcoin out of bitstamp, transfer bitcoins to mtgox, sell at 110, get fiat out of mtgox.
In unseren FAQs und in unserem Tutorial "Mein erster Bitcoin" erfahren Sie, wie Sie Bitcoins verkaufen oder kaufen können.
Falls Sie auf einem mobilen Gerät Online-Banking betreiben, hat sich der Handel auf seit der vergangenen Woche für Sie erheblich vereinfacht.
Alternativ können Sie Ihren Account auf als Bitcoin Online Wallet nutzen, um Ihre Bitcoins sicher zu verwahren.
Die auf zum Handel angebotenen Bitcoins sind nicht für alle Investoren geeignet.
Alternativ können Sie auch mit einem sogenannten Bitcoin Miner selbst Bitcoins erzeugen.
Eine gute Adresse für offene Fragen und ein guter Einstieg, um sich in Hintergrundartikel zum Bitcoin zu vertiefen: Die Bitcoin-Infotheke.
Der Wert des Bitcoins wird aus den aktuellen Handelspreisen und Bitcoin Charts verschiedener Marktplätze und Börsen (Bitcoin Exchange) ermittelt.
Auch wenn der Bitcoin hier als Zukunft des Payments gilt – führt immer wieder Neuerungen ein, um Euro-Überweisungen zu vereinfachen.
Für das Bitcoin Mining benötigen Sie einen speziell ausgestatteten PC, auch Bitcoin Rig genannt.
Der Bitcoin Preis wird Ihnen wahlweise in Bitcoin Kurs Euro oder Bitcoin Kurs Dollar angezeigt.
Das Bitfilm-Festival ist das weltweit erste Filmfestival, das sich auschließlich dem neuen digitalen Geldsystem Bitcoin widmet.
Um den vollen Umfang von nutzen zu können, müssen Cookies vom Browser akzeptiert werden.
CoinRnr helps people all over the United States and Canada buy and sell bitcoin without long wait times or excessive fees! Orders are processed the same day they are received, often within minutes of payment confirmation during business hours.