REVscene Automotive Forum - View Single Post

sh0n · 11-27-2013, 09:00 AM

First informative post here in the Bitcoin thread. I'm developing a love for it so I'll spread some information on how to.

For Bitcoin wallet:
- Use blockchain.info and turn on 2 Factor Authentication

To buy BTC:
- Option 1: The quickest way is to buy from the ATM. But note their rate is +8-10% current market BTC rate. They are making a huge killing on this
-Option 2: Setup account at Cavirtex. I put in an application to verify since last week and make it seems like it will take forever. Currently this is the best rate in Canada.
-Option 3: Buy BTC from a local person through localbitcoins.com. Make sure to use reputable and trustworthy dealers. It can get sketchy.

How to buy LTC:
-Option 1: Buy LTC from local person like Option 4 for BTC
-Option 2: Once you BTC, setup an account with BTC-E and send your BTC there. BTC-E is currently the largest exchange for all the alt currencies. Note: it's pretty sketch though as it's some Russian website with no way of contacting or knowing who owns/runs the website. So YMMV

All in all, have fun, do you due diligence and happy mining and speculating!

11-27-2013, 09:00 AM	#254
sh0n I bringith the lowerballerith Join Date: Mar 2002 Location: Vancouver Posts: 1,103 Thanked 107 Times in 60 Posts Failed 31 Times in 12 Posts	First informative post here in the Bitcoin thread. I'm developing a love for it so I'll spread some information on how to. For Bitcoin wallet: - Use blockchain.info and turn on 2 Factor Authentication To buy BTC: - Option 1: The quickest way is to buy from the ATM. But note their rate is +8-10% current market BTC rate. They are making a huge killing on this -Option 2: Setup account at Cavirtex. I put in an application to verify since last week and make it seems like it will take forever. Currently this is the best rate in Canada. -Option 3: Buy BTC from a local person through localbitcoins.com. Make sure to use reputable and trustworthy dealers. It can get sketchy. How to buy LTC: -Option 1: Buy LTC from local person like Option 4 for BTC -Option 2: Once you BTC, setup an account with BTC-E and send your BTC there. BTC-E is currently the largest exchange for all the alt currencies. Note: it's pretty sketch though as it's some Russian website with no way of contacting or knowing who owns/runs the website. So YMMV All in all, have fun, do you due diligence and happy mining and speculating! __________________ ATTACK Last edited by sh0n; 11-29-2013 at 10:00 AM.