Hello,

Each day somebody new discovers the world of bitcoin and finds their curiosity piqued by this crypt-currency. As we have had new members raise up the question of where to buy their bitcoin from in chat then I have decided to set up this little guide on how to easily do that.

Like for any other currency so does bitcoin has its trading platforms, physical traders and also modern day banking equipment such as ATM's. You will also occasionally find a member selling playing chips right in this chat for alternative paying options - gift cards, e-currencies, vouchers, Moneygram and so on.

Lets get to the easiest option down first which in my opinion is trading platforms.

There is a variety of platforms available. The go to ones for US players are http://www.circle.com/ and Coinbase. They do require a small verification and linking your bank process but are the easiest options for buying and also selling your coins afterwards. For the Europeans there is http://www.btcdirect.eu/

Please note that both exchanging platforms must follow the federal law and therefore are restricting accounts which use their funds for gambling purposes so to avoid that, whenever you are making a deposit or a withdrawal then use a buffer wallet in between. Easiest one to use for that is http://www.blockchain.info/

Bitcoin ATM

That's right just like banks offer you option to withdraw and deposit money through the selection of ATM's then so does bitcoin.

There is quite a few of them worldwide already and new ones keep opening up each glimpse. You can locate nearest one to you by visiting http://www.coinatmradar.com/

Find e.currency or a physical trader from http://www.localbitcoins.com/ which also allows an escrow option on top of its web of exchangers so you are safe from getting burnt by the ones looking to get an easy score. Be careful as some might try to angel shoot the system and get your money so always pick a fully verified member with lots of confirmed positive trades.

There is a few bitcoin related forums which have their own marketplaces out there but I wouldn't advise anyone to look for trades from such places any longer due to high risk of getting burned. The serious traders from there will be on LBC anyway.

If you want to try your luck with forum then you can always open a new topic in this one and describe your request and paying method and hope to catch a reputable member. Ask chat to verify for the trustworthiness if someone presents himself, then don't hesitate to ask someone trusted to escrow the deal. There is a selection of established staked players and moderators to reach out to with such request. Bare in mind that Betcoin is not liable for the deals in between the players.

Can I buy bitcoin with PayPal?

Sure you can but those platforms have their limitations and verification's also. If you are looking for such option then check out http://www.virwox.com/

Can I buy bitcoin with credit card?

Yes, some platforms do allow such options and if that is what you are looking for then you should check out http://www.wesellcrypto.com/ and http://www.circle.com/

That is about the main ways and channels of getting your bitcoins as of now and definitely the most convenient ones. If you know of other reliable places then can always post it in the comments below.

SMG