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Can you recommend something better? Can anyone in this comment section recommend a better service? I'm an artist who wants to use bitcoins for nearly an identi
by FooNull 11y ago
Can you recommend something better?
Can anyone in this comment section recommend a better service?
I'm an artist who wants to use bitcoins for nearly an identical reason. However, there have been two big limiting factors, which have prevented my supporters and artist peers from using bitcoin.
1) It isn't clear how they get money into and out of the system.
- The artists don't want a bunch of 'bitcoins' that they don't know what to do with
- The supporters don't own any bitcoins, and don't know where to get them.
2) They are afraid that bitcoin will crash and they will lose all their money.
It's easy enough to dissuade the fears about the second point by 'cashing out' right away. But what are the best options out there to allow the average user to put their money into bitcoin, and to allow not-so-technical users to get money out of bitcoin and into their bank? Coinbase is the only service I've found to 'easily' do this, so far. Even at the cost of my anonymity. :(
- boling11 11y agoI'm working on something that solves this problem. Can you shoot me a note? Email: b@privacy.com
- rickycook 11y agocoinjar. and they've had a Bitcoin debit card for about 6months ^.^
- pakled_engineer 11y agoThere's also Bitpay, they do the same thing coinbase does for merchants in fact most of the exchanges have some kind of merchant API so you can immediately sell coins. You could also make an agreement with somebody on your localbitcoins.com city listing, but then you run into fees and possibly fluctuations since they won't be a 24/7 service like bitpay or coinbase. Localbitcoins may have an API to automatically make a sell listing I'm not sure, I use IRC still to trade.
- sachingulaya 11y agoAmusingly, bitpay told me I wasnt eligible to use their services because I vend electronic cigarettes. Too risky for them... not too risky for my cc merchant though.