Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on [email protected] for help. Thanks :)
Private profiles - please note that profiles marked as private will soon be public. This will facilitate moderation so mods can view users' warning histories. All of your posts across the site will appear on your profile page (including PI, RI). Groups posts will remain private except to users who have access to the same Groups as you. Thread here
Some important site news, please read here. Thanks!

Buying bitcoin

  • 14-12-2018 6:44pm
    #1
    Registered Users Posts: 282 ✭✭ Bubblegummers


    Can anyone tell me how easy is Bitcoin to buy.

    Can I buy it with a prepaid credit card ? I don’t particularly want to put bank details to something I’m not too sure about.


Comments

  • Moderators, Society & Culture Moderators Posts: 15,419 Mod ✭✭✭✭ smacl


    Can anyone tell me how easy is Bitcoin to buy.

    Can I buy it with a prepaid credit card ? I don’t particularly want to put bank details to something I’m not too sure about.

    Easiest place to buy bitcoin is coinbase, see https://www.coinbase.com/dashboard Very safe but also has relatively high fees. As you're no doubt aware, crypto is a very high risk investment, so best advice is don't spend any money you're not willing to lose.


  • Registered Users Posts: 282 ✭✭ Bubblegummers


    smacl wrote: »
    Easiest place to buy bitcoin is coinbase, see https://www.coinbase.com/dashboard Very safe but also has relatively high fees. As you're no doubt aware, crypto is a very high risk investment, so best advice is don't spend any money you're not willing to lose.

    Yes I understand but I am buying something online and the guy is asking for bit coin for some reason. If I’m buying and jut giving them to him am I taking a risk.


  • Moderators, Society & Culture Moderators Posts: 15,419 Mod ✭✭✭✭ smacl


    Yes I understand but I am buying something online and the guy is asking for bit coin for some reason. If I’m buying and jut giving them to him am I taking a risk.

    Yes, you have no consumer protection at all that I'm aware of. I wouldn't tend to pay for anything online using bitcoin unless you trust the seller or have some other strong mechanism of guarantee. Usual rules of online purchasing apply, if a deal looks to good to be true, it is most likely dodgy.


  • Registered Users Posts: 6,026 ✭✭✭ grindle


    Yes, you're taking a risk. Is it from a reputable site or if he's a seller on some site does he have many good ratings?


  • Registered Users Posts: 16,233 ✭✭✭✭ Sleeper12


    Yes I understand but I am buying something online and the guy is asking for bit coin for some reason. If I’m buying and jut giving them to him am I taking a risk.


    Paying by credit card you are protected. Paying by debit card you are protected. Paying by PayPal you are protected when paying for goods and services. The only way you have no PayPal protection is if you opt for the family & friend way to pay. Paying by Bitcoin you have zero protection. I'd run a mile from a seller only willing to accept Bitcoin or PayPal family & friends


  • Advertisement
  • Registered Users Posts: 282 ✭✭ Bubblegummers


    He has 742 positive reviews, but the fact he only takes bit coin makes me feel like I’m doing something illegal and it’s just IT stuff I’m buying.


  • Moderators, Society & Culture Moderators Posts: 15,419 Mod ✭✭✭✭ smacl


    He has 742 positive reviews, but the fact he only takes bit coin makes me feel like I’m doing something illegal and it’s just IT stuff I’m buying.

    Word of warning that positive reviews can be bought, and sites like trust pilot aren't entirely trustworthy themselves. If it was me, I wouldn't touch it with a barge pole, but each to their own.


  • Registered Users Posts: 282 ✭✭ Bubblegummers


    smacl wrote: »
    Word of warning that positive reviews can be bought, and sites like trust pilot aren't entirely trustworthy themselves. If it was me, I wouldn't touch it with a barge pole, but each to their own.

    How can someone buy reviews excuse my ignorance.


  • Registered Users Posts: 16,233 ✭✭✭✭ Sleeper12


    How can someone buy reviews excuse my ignorance.


    Search in eBay for Google reviews for sale. You can get 10 reviews for 3 or 4 dollars in some cases.


  • Registered Users Posts: 282 ✭✭ Bubblegummers


    Sleeper12 wrote: »
    Search in eBay for Google reviews for sale. You can get 10 reviews for 3 or 4 dollars in some cases.

    Even on verified sites such as eBay and that, ****.


  • Advertisement
  • Registered Users Posts: 16,233 ✭✭✭✭ Sleeper12


    Even on verified sites such as eBay and that, ****.


    I'm not sure what you are saying here but I don't believe you can buy ebay reviews as you can only review once you have bought something. I guess you could list 100 items for 2 cent each & give 100 good reviews but I think eBay would catch on to it


  • Registered Users Posts: 282 ✭✭ Bubblegummers


    Sleeper12 wrote: »
    I'm not sure what you are saying here but I don't believe you can buy ebay reviews as you can only review once you have bought something. I guess you could list 100 items for 2 cent each & give 100 good reviews but I think eBay would catch on to it

    Yeah well then I’m happy cause his reviews are on eBay.


  • Moderators, Society & Culture Moderators Posts: 15,419 Mod ✭✭✭✭ smacl


    Yeah well then I’m happy cause his reviews are on eBay.

    Firstly, wasn't aware you could buy or bid on eBay with Bitcoin. Second, a quick Google shows that eBay reviews are regularly scammed.


  • Registered Users Posts: 282 ✭✭ Bubblegummers


    smacl wrote: »
    Firstly, wasn't aware you could buy or bid on eBay with Bitcoin. Second, a quick Google shows that eBay reviews are regularly scammed.

    It’s not with bitcoin. I purchased on EBay then he asked for Bitcoin.


  • Moderators, Society & Culture Moderators Posts: 15,419 Mod ✭✭✭✭ smacl


    It’s not with bitcoin. I purchased on EBay then he asked for Bitcoin.

    Would you pay for it by posting the guy a bunch of cash in an unregistered envelope? That's pretty much what you're doing using Bitcoin.


  • Registered Users Posts: 6,026 ✭✭✭ grindle


    It’s not with bitcoin. I purchased on EBay then he asked for Bitcoin.

    Yeah, this is suspicious as fúck. There's a reason eBay recommends you report people who want you to use Western Union after PayPal was previously agreed - they're looking to rob you.

    Think about it this way - why doesn't he just buy the bitcoin himself with the money you send him? Why should you jump through hoops so he gets his fave memecoin?


  • Registered Users Posts: 282 ✭✭ Bubblegummers


    I went and bought the Bitcoin he says he will be sending in the morning I will see how that pans out


  • Registered Users Posts: 6,051 ✭✭✭ Truckermal


    
    
    I went and bought the Bitcoin he says he will be sending in the morning I will see how that pans out

    Lol....

    You ask for advise and then completely ignore it...:P:P


  • Registered Users Posts: 282 ✭✭ Bubblegummers


    Truckermal wrote: »
    
    
    Lol....

    You ask for advise and then completely ignore it...:P:P

    I know I’m an idiot, but I’m desperate for the parts. I own a company, these are detrimental to my daily operating. I’m only in business 18 months I cannot afford to lose the custom with the parts.


  • Registered Users Posts: 16,233 ✭✭✭✭ Sleeper12


    I know I’m an idiot, but I’m desperate for the parts. I own a company, these are detrimental to my daily operating. I’m only in business 18 months I cannot afford to lose the custom with the parts.


    I'd love to hear the outcome. I have my fingers crossed it all works out well for you


  • Advertisement
  • Registered Users Posts: 282 ✭✭ Bubblegummers


    Sleeper12 wrote: »
    I'd love to hear the outcome. I have my fingers crossed it all works out well for you

    Will post here Friday with an update.


  • Moderators, Society & Culture Moderators Posts: 15,419 Mod ✭✭✭✭ smacl


    I know I’m an idiot, but I’m desperate for the parts. I own a company, these are detrimental to my daily operating. I’m only in business 18 months I cannot afford to lose the custom with the parts.

    Very best of luck with it and looking forward to hearing the outcome.


  • Registered Users Posts: 282 ✭✭ Bubblegummers


    smacl wrote: »
    Very best of luck with it and looking forward to hearing the outcome.

    I’m regretting already but he has the bit coins and he’s still in contact so that’s something. See ya all Friday


  • Registered Users Posts: 6,051 ✭✭✭ Truckermal


    What was the outcome?


Advertisement