The following page is a Bitcoin buying guide for the various options you have to buy Bitcoins
Since Bitcoin became popular worldwide in 2013 it still seems to be almost impossible to find out how to buy Bitcoins without searching the web for hours. I will go over the most popular methods with a short overview of each one. Detailed instructions can be found through the link at the end of each paragraph.
Buy Bitcoins with a Credit Card
Probably the most sought after solution is how to buy Bitcoins with a credit card. There are several ways to do this today but they will usually involve high commissions. The reason for the high commissions is because when someone sells you Bitcoins with a credit card he faces the risk of fraud from your end. That is why usually these methods for buying Bitcoins will be more expensive. Here’s a detailed tutorial about buy Bitcoins with a credit card.
Buy Bitcoin with Paypal
The second most popular option for buying Bitcoins is through Paypal. Again there is the risk of fraud when using this method and that is why it’s not that popular. Virwox, a virtual world exchange, allows you to buy Second Life Lindens (SLL) which is another virtual currency with Paypal. You can then exchange that currency for Bitcoin. For a full explanation about how this can be done check out this tutorial.
Buy Bitcoin with a Debit Card
It’s also possible to buy Bitcoins with a debit card. The process is similar to buying Bitcoins with a credit card and is detailed in this page.
Buy Bitcoins with a Wire Transfer (USA)
This is the most popular methods that can be found today for buying Bitcoins. It is used by most Bitcoin trading platforms and most Bitcoin exchanges. The reason this is such a popular method is because unlike using a credit card, once you wire your money to the exchange or trading platform they are no longer subjected to fraud. If you’re located in the USA you should definitely use Coinbase to buy Bitcoins with a wire transfer. Here’s the complete tutorial.
Buy Bitcoins with a Wire Transfer (SEPA)
If you’re located outside the US but are inside SEPA you also have several options for purchasing Bitcoins. There are 4 major exchanges that accept SEPA wire transfer. These are BTC-E, BitStamp, VirWox and Kraken. For a detailed explanation about how to buy Bitcoins using this method read this post.
Buy Bitcoins with Skrill
Very similar to Paypal, Skrill (formerly known as Moneybookers) is an e-commerce company that allows online payments. Although it is hard to find websites that will sell you Bitcoin with Skrill directly, it’s still possible to workaround this issue using the following tutorial.
Buy Bitcoins with Cash
If you feel more comfortable with face to face meetings you also have the possibility of buying Bitcoins with cash. Local Bitcoins for example, is a website that allows you to find people who are looking to sell Bitcoins near specific geographical areas. Each person has a trust rating and the website also provides an escrow service so you can feel more safe when conducting business. Here’s how you buy Bitcoins with cash.
Buy Bitcoin with Western Union
If Western Union is the only option you have left it’s still possible to buy Bitcoins. A company called CoinMama accepts Western Union transfers and supplies you Bitcoins in exchange. Commissions are higher than usual but it’s for a good reason. For the full explanation about buying Bitcoins with Western Union take a look here.