Buy Bitcoin for cash

Bigmac1euro

Hi All,

looking to buy Bitcoin for cash. I can provide a wallet address.

Is there a way to do this?

massdebater

A bitcoin ATM is probably your best bet but I've no idea where you can find one in Ireland. They usually charge pretty hefty fees from what I know. Apart from that, you'd probably just have to get someone to sell it to you directly but I'd imagine you'd get a poor enough rate, perhaps if you have a friend who's looking to offload some you might get lucky.

Effects

How much cash?

Bigmac1euro

https://www.boards.ie/discussion/comment/118908279#Comment_118908279

Probably around 15k in total but would make smaller transactions to start. Looking to avoid the Bitcoin ATM to save a bit of fees but also willing to pay for the privilege of buying with cash. This isn’t for me but for a friend.

BOHtox

Sounds really dodgy tbh

el diablo

Maybe try www.localbitcoins.com and find someone with positive reviews.

Bigmac1euro

https://www.boards.ie/discussion/comment/118909263#Comment_118909263

Not illegal afaik 🤷🏻‍♂️

melatonin

https://www.boards.ie/discussion/comment/118912904#Comment_118912904

that doesn't make it sound less dodgy, no offence or anything

Bigmac1euro

https://www.boards.ie/discussion/comment/118913196#Comment_118913196

No offence taken.

I think when someone is buying a large amount of imaginary computer money known for use by criminals is always going to sound dodgy.

Donald Trump

Were you not locked up there recently for kidnapping or something Jim Jr?

Do Christy and Daniel want their suitcase back?

Apparently it used to be done back in the day - meeting up and handing over cash. Before there were exchanges that is.

Bigmac1euro

https://www.boards.ie/discussion/comment/118923071#Comment_118923071

It’s common practice in most other countries. But not Ireland for some reason.

I’ll just tell my mate to use the boinnex machine.

Shame they take 10%

Potatoeman

You still need to cash it out so it’s traceable at that stage anyway and for all you know the Bitcoin is already flagged and being tracked. Then you need to sell to a buyer that’s will to take it and exchanges have kyc.

wotzgoingon

I will sell you 10 grands worth for your 15k.

Bigmac1euro

https://www.boards.ie/discussion/comment/118943709#Comment_118943709

Lol

BorneTobyWilde

I STILL don't understand bitcoin.

People hold it, but never use it, even when they could cash out as millionaires. They just wiat for the next crash, then the next rise, and then the next crash, it's like a social thing.

wotzgoingon

https://www.boards.ie/discussion/comment/118944844#Comment_118944844

Sure there is some lurker on here who had roughly half a mil the last time it was up and he didn't sell hoping to get more. He may play that game too much and lose out or it could go the other way and be a multi millionaire. I know personally I would have cashed out at the half a mil. Who knows...

BorneTobyWilde

I guess half a million doesn't sit well, no one likes 1/2 of anything, with tax, he'd want over a million, so he gets a million in his hand and can call himself a millionaire

BorneTobyWilde

The first time I was informed to buy bitcoin it was 320$ ,but even to this day I have none.

Potatoeman

https://www.boards.ie/discussion/comment/118944844#Comment_118944844

People sell it all the time, every time the price drops that’s more selling than buying on exchanges, though large buyers can buy directly and that does not show on the exchange or reflect on the price. They are still visible on the blockchain though.

There will be some points of resistance where it will drop as people do sell but the idea is that given the limited supply there will always be more buy pressure to drive up the price eventually.

Getting in years ago has its own pitfalls, just look at the exchange hacks and people losing hard drives with Bitcoin on it. The price dropped for three years at one point too.

Shuffl_in

https://www.boards.ie/discussion/comment/118944854#Comment_118944854

If you say you'd have cashed out at half a mil the reality is you'd probably have cashed out at 50k. Or maybe even 20k.

Big Gerry

Has anyone used the bitcoin ATMs in Dublin ?

I was in a shop the other day in Dublin that had a bitcoin ATM but the machine was turned off.

For someone who has never used bitcoin before I'd like to buy about 50 quid worth of bitcoin from an ATM just to see how the whole the thing works.

el diablo

https://www.boards.ie/discussion/comment/121520648#Comment_121520648

So did you purchase BTC from an ATM. As far as I know the fees are very high and the market rate and spread (difference between buy and sell price) are extremely uncompetitive. But it's probably an acceptable option for a beginner to get their feet wet.