How did people buy Bitcoin before Coinbase?

Re:How did people buy Bitcoin before Coinbase? by latchkey on Thursday April 15, 2021 @03:30PM (#26825100)

Right before Mt. Gox collapsed, I was trying to figure out how to get $ into there and kept getting caught up mentally on that $25 wire transfer fee. Probably saved me a lot of money when I think back on it.

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Re:How did people buy Bitcoin before Coinbase? by highfrequency on Thursday April 15, 2021 @03:38PM (#26825212)

Interesting, so bank deposits (ACH) and credit cards were not accepted on Mt. Gox?

Separately, when you bought Bitcoin on Mt. Gox, were you buying directly from them at some fixed price they set, or trading in an exchange with many participants?

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Re:How did people buy Bitcoin before Coinbase? by Spooky23 on Friday April 16, 2021 @05:50PM (#26839438)

When I used mt gox, there was PayPal-like service called Dwolla that would do the ach transfer and you could transfer to Mt Gox.

It seemed like a shady or ill-advised business, and they shutdown the consumer part of it at some point.

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Re:How did people buy Bitcoin before Coinbase? by latchkey on Thursday April 15, 2021 @03:47PM (#26825299)

I think they might have had some Japan bank support and some other sketchy things that kept moving around a lot as accounts were getting opened and shut down left and right for them.

I never bought any Bitcoin on Mt. Gox, sadly and later, thankfully.

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Re:How did people buy Bitcoin before Coinbase? by bbatha on Thursday April 15, 2021 @05:42PM (#26826496)

You had to use a PayPalesq 3rd party service but you could do ACH transactions through that

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