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Buying bitcoin

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  • 14-12-2018 7:44pm
    #1
    Bubblegummers
    Registered Users Posts: 282 ✭✭


    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

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    #2
    smacl
    Moderators, Society & Culture Moderators Posts: 15,707 Mod ✭✭✭✭smacl


    Bubblegummers wrote: »
    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.


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    #3
    Bubblegummers
    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.


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    #4
    smacl
    Moderators, Society & Culture Moderators Posts: 15,707 Mod ✭✭✭✭smacl


    Bubblegummers wrote: »
    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.


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    #5
    grindle
    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?


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    #6
    Sleeper12
    Registered Users Posts: 16,875 ✭✭✭✭Sleeper12


    Bubblegummers wrote:
    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


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  • Options
    #7
    Bubblegummers
    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.


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    #8
    smacl
    Moderators, Society & Culture Moderators Posts: 15,707 Mod ✭✭✭✭smacl


    Bubblegummers wrote: »
    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.


  • Options
    #9
    Bubblegummers
    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.


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    #10
    Sleeper12
    Registered Users Posts: 16,875 ✭✭✭✭Sleeper12


    Bubblegummers wrote:
    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.


  • Options
    #11
    Bubblegummers
    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, ****.


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    #12
    Sleeper12
    Registered Users Posts: 16,875 ✭✭✭✭Sleeper12


    Bubblegummers wrote:
    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


  • Options
    #13
    Bubblegummers
    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.


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    #14
    smacl
    Moderators, Society & Culture Moderators Posts: 15,707 Mod ✭✭✭✭smacl


    Bubblegummers wrote: »
    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.


  • Options
    #15
    Bubblegummers
    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.


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    #16
    smacl
    Moderators, Society & Culture Moderators Posts: 15,707 Mod ✭✭✭✭smacl


    Bubblegummers wrote: »
    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.


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    #17
    grindle
    Registered Users Posts: 6,026 ✭✭✭grindle


    Bubblegummers wrote: »
    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?


  • Options
    #18
    Bubblegummers
    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


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    #19
    Truckermal
    Registered Users Posts: 6,048 ✭✭✭Truckermal 


    

    

    Bubblegummers wrote: »
    

    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 
    

    

    

     



    


     
     
    

    

    

    

    

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Bubblegummers




    
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. 
    

    

    

     



    


     
     
    

    

    

    

    

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#21

 

     

    

    

    

    


Sleeper12




    
Registered Users Posts: 16,875 ✭✭✭✭Sleeper12 
    

    

     
    

    

    



    

    


    

    


    

    

    

    

    

    Bubblegummers wrote:
    

    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 
    

    

    

     



    


     
     
    

    

    

    

    

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#22

 

     

    

    

    

    


Bubblegummers




    
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. 
    

    

    

     



    


     
     
    

    

    

    

    

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#23

 

     

    

    

    

    


smacl




    
Moderators, Society & Culture Moderators Posts: 15,707 Mod ✭✭✭✭smacl 
    

    

     
    

    

    



    

    


    

    


    

    

    

    

    

    Bubblegummers wrote: »
    

    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. 
    

    

    

     



    


     
     
    

    

    

    

    

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#24

 

     

    

    

    

    


Bubblegummers




    
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 
    

    

    

     



    


     
     
    

    

    

    

    

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Truckermal




    
Registered Users Posts: 6,048 ✭✭✭Truckermal 
    

    

     
    

    

    



    

    


    

    


    

    

    

    
What was the outcome? 
    

    

    

     



    


     
     
    

    

    

    

    

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