How to buy bitcoin

Google nfuh28
Dec 7, 2017 29 Comments

How can I buy bitcoin? Fidelity locked down my account when I tried to wire money to gemini. Capital one locked my credit card when I tried to buy on coinbase. It is legal to buy Bitcoin, right? Is it that banks make everything in their power to make it impossible to buy them? I have heard that localbitcoin is a hit or miss.. what other option do I have?

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TOP 29 Comments
  • Google / Eng
    NotAnHRSpy

    Google Eng

    PRE
    Uber, Microsoft
    NotAnHRSpymore
    Is this real life?
    Dec 7, 2017 2
    • Groupon adtgbiin
      Nah, we are living in a matrix
      Dec 7, 2017
    • Adobe / Eng
      Yana Klova

      Adobe Eng

      BIO
      Hi! My name is Yana Klova. I am very experienced Software Engineer with a deep background in backend. But I am capable to do the fullstack easily as well.
      Yana Klovamore
      +1 if you’re remember where it came from
      Dec 8, 2017
  • Intuit nilops
    Just roll up to Coinbase office with a couple stacks like a normal human being.
    Dec 8, 2017 0
  • This comment was deleted by original commenter.

    • Groupon adtgbiin
      Is everyone at Uber shady?
      Dec 8, 2017
    • Uber / Eng
      Banana 🍌

      Uber Eng

      PRE
      Uber
      Banana 🍌more
      No I’m just trying to help a bro out I don’t work at Uber anymore
      Dec 8, 2017
    • Groupon adtgbiin
      If you are, then great!
      Dec 8, 2017
    • Uber / Eng
      Banana 🍌

      Uber Eng

      PRE
      Uber
      Banana 🍌more
      Never mind I found out this is gonna screw me over for taxes
      Dec 8, 2017
    • Groupon adtgbiin
      You could charge him with tax included
      Dec 8, 2017
  • Groupon adtgbiin
    You can buy on Gemini
    Dec 7, 2017 3
    • Google nfuh28
      OP
      My problem is I can't get any money to gemini. They lock down the accounts.
      Dec 7, 2017
    • Groupon adtgbiin
      Then the only thing I can think of is let a friend buy it for you, you pay him/her. Ask them to transfer it to your personal wallet (ex:coinomi or hardware wallet like ledger nano s).

      Also, in the meantime I would ask them why it's being locked
      Dec 7, 2017
    • FactSet WatAmIDoin
      Don’t do that^ you’d likely create a tax liability for your friend
      Dec 8, 2017
  • Starbucks / Eng W🤑W
    For capital one do you have text messaging or email setup? When they block something that’s potential fraud I can approve with either method and it goes through the second time around.
    Dec 8, 2017 4
    • Google nfuh28
      OP
      How does this work, do I need to sign up?
      Dec 8, 2017
    • Starbucks / Eng W🤑W
      It should be somewhere on your account settings. I was prompted by one of those pop ups on signup like a year ago “add a phone number or email and join our new fraud protection program!”
      Dec 8, 2017
    • Starbucks / Eng W🤑W
      I would also just recommend a bank draft. Bitcoin isn’t going anywhere no point in losing extra $$$ to fees. Also buy on The exchange side of coinbase (GDAX) you can avoid market fees by buying through limit orders.
      Dec 8, 2017
    • Google nfuh28
      OP
      Thank you, that's really good info!
      Dec 9, 2017
  • Amazon / Eng
    awsec2

    Amazon Eng

    PRE
    Amazon
    awsec2more
    CoinBase
    Dec 8, 2017 2
    • Groupon adtgbiin
      Please read the description as well? Not just the title lol
      Dec 8, 2017
    • Amazon / Eng
      awsec2

      Amazon Eng

      PRE
      Amazon
      awsec2more
      Sorry my bad. GroupOn
      Dec 8, 2017
  • Why did CO lock your credit card?
    Dec 7, 2017 2
    • Google nfuh28
      OP
      I'll call them tomorrow, but google found that this has happened with others too.
      Dec 7, 2017
    • Google nfuh28
      OP
      They thought it was a fraudulent activity. After confirming it wasn't the cc method started to work. Fidelity is still sitting on my money and asked to call again on Monday.
      Dec 8, 2017
  • Facebook vso
    Used CO ACH to fund most of my coinbase. For the Wire, you might have triggered AML (anti money laundering). This is common. Takes weeks to get it through, I know, defeats the purpose of wanting to wire money.

    Some banks also have a bad relationship with crypto. Wells Fargo I think prevented many of their customers from transferring money from coinbase back to their bank accounts.
    Dec 8, 2017 1
    • Starbucks / Eng W🤑W
      Haven’t had any issues.
      Dec 8, 2017
  • Google nfuh28
    OP
    How does this work? Do I need to sign up?
    Dec 8, 2017 0
  • Nextdoor Jeff Bezel
    Dec 8, 2017 0
  • New / Other
    qAkK63

    New Other

    BIO
    SOC Analyst
    qAkK63more
    Maybe it’s the fact you’re using credit? Straight bank transfers might be the solution.
    Dec 7, 2017 0

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