How To: Buy Bitcoins on LocalBitcoins.com
How To use Bitcoin ATMs
You will need to purchase some bitcoin before your get started with your Bitcoin Business. You can do a google search for a BitCoin ATM in your city and just feed in some $$$ and it will put the bitcoins right into your bitcoin wallet. This is probably the easiest and quickest way tobuy, but you will pay a bit of a premium over market price.
The cheapest bitcoins that I have found are found at a LibertyX store. Just go to a LibertyX store which you can locate here https://libertyx.com Then go to the LibertyX store where you can buy bitcoin over the counter.
BUY BITCOINS ONLINE:
Coinbase.com is the most popular bitcoin exchange, but can be challenging to get verified and increase your spending limit to $300 on a credit card or $10,000 per week using your bank account. I have written out instructions below on how to use a credit card tobuy bitcoin instantly. If you hook it up to your bank account and verify your bank account then your credit limit will go to $5,000 to$10,000 per week, but it takes 4 to 5 days to get bitcoin when purchasing directly from your bank via ACH transfer or bank wire, so you must use a credit card to make an instant purchase. Coinbase.com is ideal for making large purchases of bitcoin at a low cost.
Instructions to open a Coinbase account and raise your spending limit to $300 to $10,000 in order to purchase your bitcoins as follows:
Go to https://www.coinbase.com, enter your email address and click on get started. Set up your password and check your email toclick on the verification link that will be sent to you (if you don’t receive the login email then it will be in your spam or junk mail folder). To log back in you will receive a verification text message. Be sure to add all your personal information including your Social Security number.
From the menu located on the left hand side of the page, select “buy/sell”. Click on “Add Payment Method” Add your credit card or debit card information.
You must verify your credit or debit card. When you click the blue “Verify” button, two small “pending” charges of just over $1 will be made. You will have to login to your credit card statement and record the amount of these two charges and type them in the appropriate boxes to complete the verification process. NOTE: If you use a “debit” card then you will have to call your bank and ask to have the international restriction lifted. Also, the two charges will usually not show up on your bank statement because they are “pending” charges. To remedy this, I kept my bank on the phone while I pressed the verification button and had them read me off the two amounts before I hung up the phone.
You will be given a credit limit. It will either be $100 or $300. If you get a credit limit of $100 then you will need to click on the blue link says “Increase Limits” This link can be going to the “Buy/Sell” page and is about two inches above the blue “Buy Bitcoin Instantly” button.
You will be asked to upload your driver’s license. You will need a scan of both sides of your drivers license and save it to a file in order to upload it. If you don’t have a scanner then you can also use your computers webcam or your smartphone to take a picture of your drivers license. It must be a “color” photo.
After you upload your driver’s license your weekly limit will increase to $300, so you can purchase your 0.12 btc.
Localbitcoins.com is an escrow service that connects buyers and sellers. This is a great place to quickly purchase bitcoins with PayPal. Just use the search bar and select “PayPal” from the drop down menu. This will pull up all the sellers who will accept payment by Paypal. I have used this service twice and it has worked flawlessly each time.
ATTENTION: You cannot use PayPal to purchase from Coinbase. If you want to use Paypal to purchase bitcoin then use LocalBitCoins by going to https://localbitcoins.com and put your Currency Type the search bar which is USD if you are located in the US then put in your location then from the drop down menu to the right side of the box, select “PayPal” then hit search and it will show you all the sellers that accept PayPal. Each seller has slightly different instructions, but I have used localbitcoins.com twice tobuy bitcoins with my Paypal account, so I know it works and is trustworthy. Most sellers will ask you to snap a picture of your drivers license and email it to them before they will give you their paypal address for you to send them payment.
bitquick.com
Bitquick.com is a universal vendor. They require the least amount of personal information and are very fast.
bitstamp.com
Bitstamp.com a lot of people in our group are using bitstamp.com and have reported they can get a lot of btc fast.
Coinmama.com is the easiest place to get your 0.12 Bitcoin necessary to get started in Bitcoin Funding Team. The problem with Coinmama is that it is only available in 15 states (We currently serve AZ, CA, FL, IL, MT, NM, PA, SC, TN, MA, NJ, KS, MI, CO, IN, NC, TX and VA – and are working on opening up more.) You will need to open a free online wallet at https://blockchain.info so you have some place to store your bitcoin that you purchase from coinmama.com. You can find instructional videos on how to open and use a blockchain.info wallet at your Bitcoinfundingteam.com website under the “How To” tab.
ADDITIONAL SOURCES FOR LOCATING A BITCOIN EXCHANGE IN YOUR COUNTRY
Start here to locate a BitCoin Exchange in your country: https://www.bitcoin.com/buy-bitcoin
If you want more choices for buying bitcoins, go here: https://howtobuybitcoins.info
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