New to bitcoin - need some help with buying

[gil80]

hi all,

so in the last 2 days I've been trying hard to find a website that could serve Bitcoin and Ethereum.
Coinbase seems the 1st choice but I'm getting a hard time verifying there and when I finally got to enter my debit card details, an error says that the card issuer declined (NAB)
This is strange since I have enough money in my account and I use this card for online and overseas transactions.

Other sites like CoinJar and BitTrade take forever to approve the account details.

One caveat to Coinbase is that Australian residents cannot sell bitcoins using this website.

1. So, what is the painless way to buy bitcoins and direct them to my wallet in blockchain.info?

2. I also want to buy Ethereum, what site is the best for this? given that Coinbase doesn't like my NAB debit card?

[grabberfish]

The two methods I would suggest investigating for getting your hands on bitcoin fast would be:

• LocalBitcoins.com
• Mycelium Local Trader.

[mjglqw]

Check out localbitcoins.com and cex.io

Also, I don't suggest using a web wallet. Try something like Copay & mycelium

[gil80]

Check out localbitcoins.com and cex.io

Also, I don't suggest using a web wallet. Try something like Copay & mycelium

Why not?
If it's on my PC, the PC could die and I'll loose access. If it's on mobile, it could be stolen even.

Another question, does mycelium and LocalBitcoin allow to sell bitcoins and have the $ in my bank account?

[grabberfish]

These videos might be of help:

• Mycelium Local Trader - Demo
• Buying & Selling Bitcoins Online - Local Bitcoins Tutorial

[mjglqw]

Check out localbitcoins.com and cex.io

Also, I don't suggest using a web wallet. Try something like Copay & mycelium

Why not?
If it's on my PC, the PC could die and I'll loose access. If it's on mobile, it could be stolen even.

Another question, does mycelium and LocalBitcoin allow to sell bitcoins and have the $ in my bank account?

Because if you don't have control over your wallet's private key or backup phrases, you technically don't own the bitcoins; which is the case with most if not all web wallets. and yes, if you lose access to your PC or your mobile device, you lose the bitcoins; unless you back up your wallets, which is something a bitcoin owner should do.

Mycelium is a wallet.
You can sell and buy bitcoins on Localbitcoins.com with your bank funds.

[gil80]

Check out localbitcoins.com and cex.io

Also, I don't suggest using a web wallet. Try something like Copay & mycelium

Why not?
If it's on my PC, the PC could die and I'll loose access. If it's on mobile, it could be stolen even.

Another question, does mycelium and LocalBitcoin allow to sell bitcoins and have the $ in my bank account?

Because if you don't have control over your wallet's private key or backup phrases, you technically don't own the bitcoins; which is the case with most if not all web wallets. and yes, if you lose access to your PC or your mobile device, you lose the bitcoins; unless you back up your wallets, which is something a bitcoin owner should do.

Mycelium is a wallet.
You can sell and buy bitcoins on Localbitcoins.com with your bank funds.

So out of all the wallets out there, which would you say are the top two?

I have installed MultiBit HD on my PC, but it doesn't have mobile version.
I have installed Copay as Chrome plugin, desktop app and mobile app. They all sync up.
I have installed Mycelium on my mobile. I did the back up but it's not clear when the app says to store the master seed off the phone... so I don't know how to proceed.
I know that mycelium offers local traders. Is this a good option?

[mjglqw]

Why not?
If it's on my PC, the PC could die and I'll loose access. If it's on mobile, it could be stolen even.

Another question, does mycelium and LocalBitcoin allow to sell bitcoins and have the $ in my bank account?

Because if you don't have control over your wallet's private key or backup phrases, you technically don't own the bitcoins; which is the case with most if not all web wallets. and yes, if you lose access to your PC or your mobile device, you lose the bitcoins; unless you back up your wallets, which is something a bitcoin owner should do.

Mycelium is a wallet.
You can sell and buy bitcoins on Localbitcoins.com with your bank funds.

So out of all the wallets out there, which would you say are the top two?

I have installed MultiBit HD on my PC, but it doesn't have mobile version.
I have installed Copay as Chrome plugin, desktop app and mobile app. They all sync up.
I have installed Mycelium on my mobile. I did the back up but it's not clear when the app says to store the master seed off the phone... so I don't know how to proceed.
I know that mycelium offers local traders. Is this a good option?

There are actually no "top" wallets, it's just mostly comes down to personal preference. But I think on PC, the most used one is Electrum; whereas on android I think its mycelium and copay (not sure).
Havent actually heard of MultiBit HD, so I can't comment on it if its good or not.

I downloaded mycelium too check. click on the ellipsis(vertical triple dots) on the top right of the screen; then click on backup.

I honestly havent used mycelium for trading, but mycelium has quite high reputation on the bitcoin world, so it would probably work well. no promises, though. as I personally use localbitcoins when trading low amounts.

[gil80]

But I think on PC, the most used ones are Mycelium and Electrum; whereas on android I think its mycelium and copay (not sure).

Are you sure mycelium is available for PC? I couldn't find a pc version.

[grabberfish]

But I think on PC, the most used ones are Mycelium and Electrum; whereas on android I think its mycelium and copay (not sure).

Are you sure mycelium is available for PC? I couldn't find a pc version.

Mycelium is just for mobile devices. Electrum does offer for both.

[gil80]

thanks for the help so far!

where do you trade for large amounts?
I want to by my 1st bitcoin. 1BTC.

[mjglqw]

But I think on PC, the most used ones are Mycelium and Electrum; whereas on android I think its mycelium and copay (not sure).

Are you sure mycelium is available for PC? I couldn't find a pc version.

Mycelium is just for mobile devices. Electrum does offer for both.

Woops. my bad. editted my post to prevent confusion.

thanks for the help so far!

where do you trade for large amounts?
I want to by my 1st bitcoin. 1BTC.

You're welcome.

Try out:
Cex: https://cex.io/
Kraken: https://www.kraken.com/
Bitfinex: https://www.bitfinex.com/

P.S. Don't leave your bought bitcoins on your accounts on those sites. Withdraw them to your PC/mobile wallet as soon as possible. Better safe than sorry. This happened last year: https://en.wikipedia.org/wiki/Bitfinex_hack

[gil80]

You're welcome.

Try out:
Cex: https://cex.io/
Kraken: https://www.kraken.com/
Bitfinex: https://www.bitfinex.com/

P.S. Don't leave your bought bitcoins on your accounts on those sites. Withdraw them to your PC/mobile wallet as soon as possible. Better safe than sorry. This happened last year: https://en.wikipedia.org/wiki/Bitfinex_hack

Does the withdraw costs anything? how do you action that? is it like exporting a wallet or do you simply "sell" to your other wallet and pay the fee?

[mjglqw]

You're welcome.

Try out:
Cex: https://cex.io/
Kraken: https://www.kraken.com/
Bitfinex: https://www.bitfinex.com/

P.S. Don't leave your bought bitcoins on your accounts on those sites. Withdraw them to your PC/mobile wallet as soon as possible. Better safe than sorry. This happened last year: https://en.wikipedia.org/wiki/Bitfinex_hack

Does the withdraw costs anything? how do you action that? is it like exporting a wallet or do you simply "sell" to your other wallet and pay the fee?

Does the withdraw costs anything? You'd just have to pay for the transaction fee. which is like I think $1 as of now on trading sites.

"Withdrawing" in bitcoin trading sites is pretty much sending the bitcoins from your trading site's wallet to your mobile/pc wallet.