It's practically impossible for regular people to buy Bitcoin

Re:It's practically impossible for regular people to buy Bit... by koevet on Thursday November 28, 2013 @12:33PM (#6815519)

I don't agree. The first time I acquired bitcoins it was through this website: https://localbitcoins.com I signed up, posted a request for a meeting and two hours later I met a guy at a main station of a European capital where I got my bitcoins. Few days later I signed up for MtGox. Again, the verification process took around 24 hours and from that point I was able to buy and sell bitcoins using my regular bank account.

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Re:It's practically impossible for regular people to buy Bit... by mpg33 on Thursday November 28, 2013 @01:42PM (#6815848)

Same here...localbitcoins was very easy.

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Re:It's practically impossible for regular people to buy Bit... by Guest2931 on Thursday November 28, 2013 @02:25PM (#6816023)

Is this really practical for mainstream use though? If I want to buy a single bitcoin, I need to meet a stranger and bring $1,000 in cash? If this is the recommended method of acquiring bitcoins, it deserves to fail.

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Re:It's practically impossible for regular people to buy Bit... by nathan_f77 on Thursday November 28, 2013 @04:45PM (#6816625)

You don't need to buy a whole bitcoin. These aren't shares in a company. You can bring $50 and buy a fraction of a bitcoin.

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Re:It's practically impossible for regular people to buy Bit... by clamour on Thursday November 28, 2013 @03:02PM (#6816158)

It's the recommended method for obtaining Bitcoin (semi) anonymously, ever since exchangers started complying with AML regulations. That, or cash-in-mail sent with a fake return address.

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Re:It's practically impossible for regular people to buy Bit... by mpg33 on Thursday November 28, 2013 @03:32PM (#6816289)

There are multiple online options for buying on localbitcoins so you don't have to meet in person.

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Re:It's practically impossible for regular people to buy Bit... by agashka on Thursday November 28, 2013 @02:30PM (#6816038)

I am a Canadian resident, and went through canadianbitcoins.com about 3 months ago. It was relatively easy and didn't take much time to get my bitcoins.

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