Fastest way to get bitcoins

Fastest Way To Get Bitcoins

Fastest Way To Get Bitcoins

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Fastest Way to Get Bitcoins

The fastest and easiest way to buy Bitcoins is by looking for sellers who accept cash deposit at  Local Bitcoins .  Go to this site, create an account, log in, and go to the  Buy Bitcoins online in the United States with Cash Deposit  section (or to your relevant country's site), and find a seller who is asking for a cash deposit to a nearby bank.

Once you find a seller who has a price you like with a good trust rating at a nearby bank, and click on [Buy]. Then enter the dollar amount and click [Send Trade Request].  At this point, the bitcoins you are buying are deducted from the Seller's account on Local Bitcoins and placed into Escrow  for 4 hours.

You will see information or receive an e-mail with the sellers' name and account number at that bank. Once you have this, go to the bank with your cash.  Get a deposit slip if needed and fill it out with the account number (some banks just have the teller take your account number verbally) and bring it to the teller.  Tell the teller you want to deposit cash into the seller's account.  Hold onto the receipt for the cash deposit from the teller as proof that you made the deposit in the unlikely case of any dispute.

Go back to your computer / phone and mark the transaction on Local Bitcoins as [Deposit Completed].  This will automatically notify the seller that you've completed your deposit.  They will log onto their on-line banking website, and confirm that you made the deposit.  Because the trader may be accepting multiple trades at the same round dollar amount, it is a best practice to add a few cents to the deposit so that it is a unique dollar amount and less likely to be confused with other depositor's deposit.

Get Bitcoin: 20+ ways to Earn Free Bitcoin

Bitcoin is a new and quickly spreading digital currency system. What it means is you can send and receive money, pay for your snacks or pizza, buy an Android for your loved one, etc. using bitcoins. Recently, bitcoin exchange rate has gone as high as never before – about $15 per bitcoin. Just imagine to get bitcoin free coins and you’ll be having enough money to buy you a computer game or a software! Interesting, isn’t it?

Image source: sylvar at Flickr

Whoa! Bitcoin is not only of some worth but also anonymous (till some limits, if you follow guidelines to maintain anonymity), i.e. no one can know about you at time of sending or receiving payments. It’s possible as you don’t need to provide any of your details like name, address, country, etc. to use Bitcoin system. Bitcoin is a decentralized currency system which is not governed by any central authority tracking you and your money. Then how Bitcoin is managed? Bitcoin is maintained by peer-to-peer network of contributors who run Bitcoin software on their computers and become part of the system, and help the system to grow and run.

You can get bitcoin free coins by doing small works like doing surveys, reading posts, signing up forms, clicking on ads, etc. There are also people who give out free bitcoin to people who are thinking to start using Bitcoin system. Why they give free Bitcoin? For a simple reason – they like Bitcoin system and they want it to grow and become popular, and so they want you to use Bitcoin. By giving out some amount of free bitcoin, they encourage you to use Bitcoin system and once you come to know about the benefits of it, you’ll use it by yourself – no need of encouragement then.

Recommended Reading:

Note: I’ve removed some of the sites that were not good to be included in this list.

Here are some of the services where you can get bitcoin for free or by doing little work:

This site give out free bitcoins to users for visiting its site. You get free bitcoins only once per day and you can visit this site again tomorrow to get some more free bitcoins. I suppose this site runs on ads and they want you to visit their site to increase their ads revenues and in return, you too get some free coins (mutually beneficial for both). They also have a referral program, which you can use to maximize your free earnings. PS- don’t forget to click on ads on their site, may be you can get bigger amount of free bitcoins this way.

This site pays you bitcoins for shortening your URLs with its service. What happens is after you shorten your URL on this site and post that shortened address, then people visiting that link is shown ads and you’re paid for it.

This site pays you free bitcoins for visiting their site.

This site provides free bitcoins to you for completing offers and surveys.

This site also offers free bitcoins for viewing other websites but this site do it in a different way – you’ve to see a website and then answer a question related to the shown website to redeem your free bitcoin. It don’t make you see website for any particular time – you just need to answer the question, no matter you take 5 seconds or 5 minutes in doing the same.

This site offer you small amount of bitcoins for visiting their site.

This site gives you 0.0001 BTC for just visiting their site. It also offers jackpots which can be upto 0.01 BTC.

This site give out free bitcoins to you for browsing other sites for a minimum of 5 minutes. It’s not a poor thing – you get paid for working – in this case, browsing their advertisers’ sites. You don’t need to create an account for this, just enter your bitcoin address and start browsing sites, and you get paid as you finish browsing the sites. Simple and direct!

This site also offers you free bitcoins for just visiting their site. It give out coins every 1 minute.

This site give you free bitcoins for re-tweeting sponsored ads present on their site. It claims to pay you bitcoins at most in an hour, no matter where in the world you are. Along with the sponsored ad, payment amount is shown so that you can select which ads to re-tweet if you want to get maximum earnings.

This site give you free bitcoins for completing ads and it announced to give away free bitcoins without showing ads as the site grows.

This site provide you free coins for completing offers on their site. Offers can be completing surveys or buying something from one of their advertisers.

This site gives you 0.0001 BTC for every public bookmark you make on this site. This site is a public social bookmarking site and you get some rewards for sharing good links on this site.

This site is a online gaming site. It is a real gaming site where you play Urban Terror online and whenever you kill a player, you get his/her bitcoins. On the contrary, if you die, you lose some of your bitcoins. Amount of bitcoins that you get or lose depends on the game that you’re playing. These amounts are shown on the homepage of Bitcoin Terror.

This site gives you free bitcoins for visiting and browsing sponsored websites for some set amount of time.

This site pays you bitcoins for doing small works like surveys, search items and submitting reports, etc. You make points from doing work and once you’ve reached 200 points, your points get converted to bitcoins and are paid to your bitcoin address. If you ask me, I won’t recommend this site as it will take a lot of time and effort in earning 200 points.

This site is a question and answer forum. This site rewards you small amount of bitcoins for answering to questions asked by other members.

This site pays you bitcoins for completing advertisers’ surveys.

This site pays you bitcoins for watching their sponsored videos.

This site give away 0.0005 BTC for just visiting their site. You can redeem free bitcoins only once a day.

This site pay you free bitcoins for completing the offers on their site. Offers may include signing up for various free services or something similar. But of course, you need to provide correct information about you when completing their offers, else that offer won’t get verified and you won’t get paid.

This site give out free bitcoins for viewing other websites.

Bitcoin Faucet give out 0.005 bitcoins to each visitor. You must have a Gmail account to claim your free bitcoins on this site and you need to solve a CAPTCHA problem to prove it that you have living cells, i.e. you’re a human and not a piece of code (automatic bot) trying to steal free money from the site.

Bitcoin is new and many people show concerns about its usage or future. I won’t say it’s going to rock but I agree it’s going to live. I’ve been closely researching about Bitcoins for some time and you’ll be amazed to know that 1 BTC worth of $1 some months ago is now equal to (approx.) $15. I have observed that Bitcoin is being quickly adopted by people and demand for bitcoins is rising day by day, and that’s the reason behind its growing exchange rate. Well, I hope you’ll like these above given sites and get some free money to buy you a chocolate!

Do you know any other site to get free bitcoins?

What is your experience with above given sites?

I’d love to listen from you via comments.

How do I get Bitcoins? (For Beginners)

It might be a question for beginners, but the answer to how you can get Bitcoins isn’t obvious. Where you live, how technical you are, and what you want to do with your Bitcoins are all determining factors. We have plenty of people coming into the Bitcoin community each day, so WELCOME!

(For those wanting to learn more about how Bitcoin works, a podcast called Security Now did a great show a couple years ago that covers the basics. The explanation starts at the 42 minute mark and gets technical after about 10 minutes.)

There are 4 main ways to get Bitcoin.

Firstly, there are Exchanges, where you can buy and sell Bitcoin for fiat currency (which is Muggle currency like USD and Euros). There are many new options for buying Bitcoin, which will vary depending on where in the world you are. These are changing pretty rapidly, but the main players have remained pretty constant so far.

Easy way to earn Bitcoins by playing games, No Mining or Surveys

Second, Bitcoin “mining” remains a primary vehicle of attaining the currency. Bitcoin “mining ” has proceeded to increase in difficulty. Currently, the value of BTC is more than keeping pace with this increase in difficulty, but the costs of entry in terms of hardware are high.

Thirdly, you can send and receive Bitcoin, for whatever reason, between individuals, using a Bitcoin Wallet. Again, there are many options for your wallet, which acts as you might expect from the name, as a place to keep and compartmentalise your Bitcoins. You will also need a Bitcoin wallet to spend your Bitcoin from once you have them. You can keep your Bitcoin wallet online (although it might not be as secure as on a piece of your own hardware), on your phone, or on your desktop.

Finally, you can make Bitcoin through content or services offered online. In order to do this, you will need a wallet, and you might choose to use a tool on your site that stores your wallet address as a QR code, to make payments from mobile phones easier.

EXCHANGES

Exchanges are places where you can buy and sell Bitcoin for fiat currency. Three of the main players in this space are Mt.Gox, BitStamp and CoinBase.

Regardless of where you live, Mt.Gox  remains a good purchasing-point for Bitcoin, although their service is currently suffering from some holdups, they are still the largest of the BTC exchanges. Their prices are about $10 higher than their largest competitor, however, due to the difficulty in getting USD in and out of the exchange. If you are a first time buyer, check out BitStamp.

MtGox is, at the time of this writing (updated August 2013), is allowing the following funding sources:aurumXchange , BitInstant. Euro Bank Transfer, Bank Transfer, Liberty Reserve, OkPay

If you plan on transferring money from your bank, expect (4-5 business) days of wait time. For withdrawals in fiat currency (if you want to sell your BTC for Dollars, Pounds or Euros) Mt.Gox is currently painfully slow – they are in the process of changing banking partners, and are only allowed a very limited number of wire transfers per day. Expect to wait 3 weeks for your money, if not longer.

MtGox is, at the time of this writing (updated 2013), is allowing the following funding sources: aurumXchange. BitInstant. Euro Bank Transfer, Bank Transfer, Liberty Reserve, OkPay

If you plan on transferring money from your bank, expect (4-5 business) days of wait time.

Second largest of the BTC Exchanges, and quickly gaining on Mt.Gox, is BitStamp, who take wire bank transfers and usually operates at a lower USD purchase and selling price then Mt.Gox, due to the difficulty of getting USD in and out of Mt.Gox. BitStamp is based in Slovenia, and (currently) is able to operate relatively freely due to the EU’s ruling that Bitcoin is not money. This will most likely change as Germany’s decision to classify Bitcoin as “Private Money” becomes a precedent for the rest of Europe, but as Germany has treated Bitcoin in such a reasonable way, it’s unlikely to cause BitStamp users much disruption.

US citizens should also take a look at CoinBase. which offers simplicity and credibility as a business.  (Recently, it has received a large investment from Silicon Valley venture capitalists.)  It is also faster than going through an intermediary to MtGox.  What you get in simplicity, however, you lose in terms of exchange rates which are currently at 1% at Coinbase.

Please be cautious and do plentiful independent research before choosing any exchange–as many have opened and closed over the last few years.

MINING

A note on “mining” (using computer hardware to generate) vs. buying Bitcoin:

Mining is always getting more computationally expensive per Bitcoin generated.  This is because fewer Bitcoins are generated over time and more people are trying to “win” them.

If you want to go ahead and mine them though, we’ll be setting up a

Opinion: Because fewer Bitcoins are being generated, this means fewer Bitcoins are being “dumped” into exchanges.  This means that, over time, downward pressure on the value of BTC has lessened.  I believe this scarcity is a contributing factor to the rising value of BTC.

WALLETS

Three of the most popular wallets recommended by Bitcoin.org are Multibit. for your desktop, and BitcoinWallet for the android, whilst those holding large amounts of Bitcoin might want to consider Armory for high security.

Be sure to set good passwords for any wallet that you choose.

ECOMMERCE

Receiving tips on your website is straightforward, once you have a Bitcoin wallet you just need to display your Wallet address.

For eCommerce, consider BitPay for your website shopping cart.

A NEW ECONOMY

Up until this point, the Bitcoin economy and its participants have been somewhat reliant on making money through mining.  It’s been some peoples’ hobby, others’ full-time job.

Another practical way to earn Bitcoins has become to provide goods or services to others. You know, like people do with a normal currencies.

So, where would you go to sell goods and services?  Get it listed on the Wiki Trade Page !

KEEPING UP WITH BITCOIN

If you are invested in Bitcoin, you should be hyper-aware of the news affecting the currency, especially considering how volatile it is.  I highly recommendwww.bitcoinnews.com.  For three years, it has offered pretty fair reporting on all things Bitcoin.  I also encourage you to sign up for the Bitcoin Bulletin newsletter, on the right hand panel.

Like this post? Tip us with bitcoin!

Get Bitcoins – The Fastest Way

The fastest way I know of to currently get bitcoins with cash (aside from having a friend ship you some btc) is to use “BitInstant “. Basically you will need a wallet first (hosted or hard drive it doesn’t matter - see the basics ), or just use your poker account. and set up your wallet later when you want to cash out. Then set up a deposit on BitInstant. Walk, drive, hitchhike to the Walmart/CVS and deposit the cash. The bitcoins will show up in your wallet within a few hours after making the deposit.

Since speed is the key here, we will use our Poker account on Seals with Clubs as our wallet in the steps below. CAUTION: Be sure to set up a real bitcoin wallet afterwards. You do not want to use Seals as your permanent wallet! That’s not smart bro.

Create a Seals with Clubs Account

Copy the Cash in Hash Address

Create a Payment Slip on BitInstant. Pay to Bitcoin Address (pay to your “ Cash in Address”)

Deposit the cash at Walmmart, CVS etc.

Bitcoins will show up in your Seals account within a few hours.

Create an account on Seals with Clubs

Go to Your Account and copy your “Current Cash In” address to your clipboard (Ctrl-C)

Go to http://www.bitinstant.com

Choose where you want to deposit to given the choices in the “Pay from”. (example Walmart). There is where you will be taking your cash.

Choose Bitcoin Address in the “Pay to” drop down.

Fill in the rest of the form. Paste the hash address you got from your Seals account into the “Bitcoin Address field”

Click “Send Funds” and Click “go” on the following page after confirming the info.

You are then presented with a list of places close to you to deposit your cash. (They use a service called zipzap for this, a lot like Western Union.)

Fill out the info, select the location, and click “Create Payment Slip”.

Download and print out the payment slip. It will have all the info you need.

WAIT! The deposit is for more than I specified! Yeah, we know, ZipZap charges a fee, on top of the fee that BitInstant pays. This is the fast method for getting bitcoins, not the cheapest.

Head to the deposit place and make the deposit.

Within a few hours, your Seals account will have the coins available for play.

SET UP A WALLET. Don’t forget, once you crush the games, you will need a way to get your money off the site. Go ahead and set up a permanent wallet now, and also think about how you will convert you funds back to your local currency. You can get a software wallet that is stored on your computer, or use a hosted wallet service like Coinbase and Blockchain.info. Our Bitcoin Basics page has all that info.