Please help with purchasing of Bitcoin

Discussion in 'Bitcoin and Cryptocurrency' started by GOLDS99, Sep 28, 2019.

  1. GOLDS99

    GOLDS99 Junior Member

    I am trying to purchase Bitcoin and I have a couple of questions to ensure that I am doing this the correct way. Thanks in advance for any helpful feedback. 1) Is it safe to use Coinmama to purchase bitcoin? 2) is it safe to use coinbase to purchase bitcoin? 3) Coinmama is asking to verify my identity so they want me to upload a drivers license and enter in additional information to verify my identity, is this normal? 4) what is or is this the simplest way to buy and then pay particular vendor with Bitcoin?

    Again I would appreciate any help with this matter. I just don't want to risk losing personal information and money using a phony Bitcoin exchange system.
     
  2. murray312

    murray312 Member

    Check my response in your last post. It applies the same to what you just asked.
     
  3. murray312

    murray312 Member

    Abra is another option.
     
  4. TNotch347

    TNotch347 Member

    Steroidify has a good read on they’re website, guide you thru it all. Coinmama is good.
     
  5. Horimono

    Horimono Member


    I think you will find the answers to your questions in the “cryptocurrency” thread. Read through it. If you still can’t find the info you need, let me know and I will help you.
     
  6. puckhog

    puckhog Member AnabolicLab.com Supporter

    @GOLDS99 I could be wrong but it sounds like you may be worried about getting scammed or indulging in illegal activity when you buy bitcoin. Buying and selling BC is completely legal. It is perfectly okay to use your identity to verify your BC purchasing account. However, you do not want to make any questionable purchases with this same account. This is the time to make a wallet that does not need to be identified. You need to move your BC to an unidentified wallet to make your purchases. Some people move their BC several times to anonymous wallets before making a purchase.

    I am a fan of Coinbase for my initial BC purchase. And then I move it to a different wallet such as edge or blockchain.

    There are other wallet options. I just prefer these two.
     
    TNotch347 and Horimono like this.
  7. GOLDS99

    GOLDS99 Junior Member

    Thanks everyone for all of your responses each was very helpful. I have not had time since I posted to proceed with the purchase of Bitcoin but I am going to work on that now. I will let you all know how I make out. Thanks again.
     
  8. Venom82

    Venom82 Member

    Is there anyway to buy btc with a credit card or they pretty much did away with that
     
  9. TNotch347

    TNotch347 Member

    Coinmama, or cashapp both will work with cc
     
    MindlessWork likes this.
  10. Venom82

    Venom82 Member

    Cash app says my license is not a United states license but it is im pissed lol ill look at coinmama can i send the btc from there or do i have to move to a wallet
     
  11. TNotch347

    TNotch347 Member

    Has to goto a wallet. GreenAddress is an HD wallet, easy to setup and use. My recommendation.
     
  12. Venom82

    Venom82 Member

    So buy coinmama then i have to move to greenaddress to send payment? Are these apps
     
  13. B Ware

    B Ware Member AnabolicLab.com Supporter

    Find a bitcoin atm in your area and then transfer it to a wallet. Can’t use a credit card though. I believe they all take cash which is better as it will keep things anonymous.
     
    MindlessWork and Artifex like this.
  14. Venom82

    Venom82 Member

    I had to get cex.io i kinda live in two states and i put the one i lived in the longest on coinmama and not supported in that state
     
  15. Venom82

    Venom82 Member

    Nothing is fucking workin
     
  16. TNotch347

    TNotch347 Member

    Coinbase is another.
     
  17. Artifex

    Artifex Member

    Coinatmradar .com or their app , you can find an atm buy the bitcoin with cash .
     
  18. GOLDS99

    GOLDS99 Junior Member

    My suggestion from my previous post on this topic. Buy Bitcoin w/cash app, then transfer to Jaxx liberty, then to source. The entire process can be completed in less than 1 minute. If you had trouble verifying your license delete your original account (cash app) and start over. The same happened to me.
     
  19. MindlessWork

    MindlessWork Member AnabolicLab.com Supporter

    I had no issue with coinmama, but I highly recommend using only a bank debit card and not any reloadable prepaid debit card from my experience. Also don't use a credit card as most will end up being declined due to issuer policies.
     
  20. Venom82

    Venom82 Member

    Anyone use cex.io