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How to buy Feathercoins in 4 Easy Steps


  • Regular Member | Tip chrisj

    [center][size=16pt][b]Buying Feathercoins for the first time can be daunting but fear not…[/b][/size]
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    There have been many requests from new people coming on to the forum about how to buy Feathercoins. Getting in to crypto for the first time can be very frustrating as one of the first challenges you face is buying the damn things. It is difficult for a reason, it is not part of the established financial system.

    I am going to present just a few ways in this post. This is not an exhaustive, but presents a couple of the most efficient ways if you are in the UK and EU. This may also work for citizens/captives in the USA but I would welcome any input from american members of the forum.

    [center][size=16pt][b]Step 0 - Bittylicious - (UK only for now)[/b][/size]
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    [img]http://www.feathercoin.com/image/Bittylicious2.png[/img]
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    For UK Citizens you can purchase Feathercoins in a very easy step by step process using Bittylicious with a UK Bank Account that supports the Faster Payments system and thus bypassing the options below. Remember to keep in mind that buying on an exchange as outlined below comes with fees and commissions that aren’t immediately obvious so while you may be able to secure a better price by shopping around there is a time cost associated too.

    If you just want the coins without the hassle Bitty is the way to go. If you want your country represented contact Marc at [email protected]

    [center][size=16pt][b]Step 1 - Local Bitcoins[/b][/size]
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    [img]http://www.feathercoin.com/image/LocalBitcoins.png[/img]
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    Setup an account with Local Bitcoins. This site lets you buy and sell your Bitcoins with other members of the public using bank transfer. One of the first things you are going to learn is that you cannot buy crypto with credit cards. This is because of chargebacks. Credit card payments are reversable whereas payments with Feathercoin and Bitcoin are not. This presents a liability for for the seller who could have her money taken off of her without the return of the coins she sold.

    Bank transfers are non reversable and are therefore ok. Please take time to read the reviews before you transact with someone on Local Bitcoins. You can also checkout [url=https://bitbargain.co.uk/buy]Bitbargain[/url] in the UK which is a similar service.

    [center][size=16pt][b]Step 2 - [url=https://btc-e.com/]Bitcoin Exchange[/url] (BTC-e)[/b][/size]
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    [img]http://www.feathercoin.com/image/BTCe.png[/img]
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    BTC-e is the biggest exchange for the alternative currencies like Feathercoin. You are therefore more likely to get a better price as there are more orders. Here you can send your Bitcoins from Local Bitcoin and buy Feathercoins.

    If you want to transfer your Government issued money straight to BTCe I would recommend Step 3

    [center][size=16pt][b]Step 3 - [url=https://www.okpay.com]Okpay[/url][/b][/size]
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    [center]
    [img]http://www.feathercoin.com/image/Okpay.png[/img]
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    Sign up to Okpay. This process takes about 7 days end to end. Many people getting in to crypto for the first time are in a rush to buy… don’t do that! Never be in a rush to buy when everyone else is. It’s the surest sign that price is high.

    This is the part of the process where you will have to start sending in copies of your ID. Okpay are very slow and you may have to pester them a bit. They will need a scan of Bank Statement/Utility bill with your address on (you don’t have to be the home owner) and ID like passport or drivers licence.

    You can then send money using online banking after which you will have to convert it to USD if you are not in the US or Euro zone. Do this on the [url=https://www.okpay.com/en/account/operations/exchange.html]Currency Converter page[/url]. And then move on to step 4.

    [center][size=16pt][b]Step 4 - Adding funds to BTCe[/b][/size]
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    [center]
    [img]http://www.feathercoin.com/image/BTC-e_Finance.png[/img]
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    Your funds may take up to 5 business days to reach Okpay, once they do though you are ready to rock and roll. Go to BTCe’s Finance page [url=https://btc-e.com/profile#funds]https://btc-e.com/profile#funds[/url] and hit deposit on the Government issued money you were made to use and get ready to enter the world of currency choice.

    Using the Okpay API you can now move your money to BTCe. This is actually better than using SEPA (bank transfer) with BTCe as some people have reported not getting their money that way.

    This is just a few options of how to get your money in. Local Bitcoins is not the cheapest way to buy Bitcoins, but it is the quickest. You can also use Bittylicious if you are in the UK. If anyone would like to contribute more of these how to guides please be my guest and I will Stick it up in the Newbies Forum.

    Please trade cautiously and be honest with yourself about your tolerance for risk. This does not constitute financial advice and you should seek independent sources of information before trading. Be guided by knowledge not opinion.


  • Moderators | Tip Wellenreiter

    Very good description.

    What about trying to build up a list of exchanges, that can be used to buy cryptocoins for USD/EUR/GBP/… with their location or main country?

    Many people tend to buy/sell locally

    For Germany I can add bit coin.de

    Languages

    The site is also available in Spanish and Italian


  • | Tip joinmicah

    That’s a Great Idea!


  • | Tip joinmicah

    I Have a How Guide Here is it Below.

    Step by Step Preparations Video Guide for INTERNATIONALS (for U.S. optional)

    Step 1: Blockchain Registration ( ALL )

    Blockchain is a BTC Wallet that can be used by all of our members. Easy transactions, and secured Wallet to keep Bitcoins.

    Registration Link:

    [url=https://blockchain.info/wallet]https://blockchain.info/wallet[/url]

    Instructional Video:

    [url=http://youtu.be/pzD9u7wQais]http://youtu.be/pzD9u7wQais[/url]

    Step 2: Blockchain Inside ( ALL )

    Blockchain inside, where to find YOUR extremely important BTC Address. How to send BTC?

    Log In Link:

    [url=https://blockchain.info/wallet/login]https://blockchain.info/wallet/login[/url]

    Instructional Video:

    [url=http://youtu.be/4uANSvG2efA]http://youtu.be/4uANSvG2efA[/url]

    Step 3: Kraken Registration ( ONLY E.U. & U.K. )

    Kraken Deposit for ONLY Partners in the U.K. and the E.U. It is an Exchanger/Trader that allows you

    to buy Bitcoin and send it to your Blockchain Wallet. And back from Blockchain for withdrawal money to YOUR bank account.

    Instructional Video:

    [url=http://youtu.be/BPlMnuPYcYQ]http://youtu.be/BPlMnuPYcYQ[/url]

    Step 4: Kraken Verification ( ONLY E.U. & U.K. )

    Get bank verified with Kraken. It takes few business day. Prepare at least 1 of your Proof of ID, Proof of

    Residency docs. MUST to be colored, high quality scanned docs.

    Log In Link:

    [url=https://www.kraken.com/login]https://www.kraken.com/login[/url]

    Instructional Video:

    [url=http://youtu.be/rUtS8HLQwsQ]http://youtu.be/rUtS8HLQwsQ[/url]

    Step 5: Bitstamp Registration ( ALL )

    Bitstamp is another BTC Trader/Exchanger great OPTION for Partners outside of the E.U., U.S.A.

    Registration Link:

    [url=https://www.bitstamp.net/account/register/]https://www.bitstamp.net/account/register/[/url]

    Instructional Video:

    [url=http://youtu.be/HT_u2qcfPW8]http://youtu.be/HT_u2qcfPW8[/url]

    Step 6: Bitstamp Verification ( ALL )

    Get bank verified with Bitstamp. It takes few business day. Prepare at least 1 of your Proof of ID, Proof of Residency docs. MUST to be colored, high quality scanned docs.

    Log In Link:

    [url=https://www.bitstamp.net/account/login/]https://www.bitstamp.net/account/login/[/url]

    Instructional Video:

    [url=http://youtu.be/NJmycpsFVn4]http://youtu.be/NJmycpsFVn4[/url]

    Step 7: ECGate ( Buy BTC Instantly Using Paypal for ALL )

    ECGate is another BTC buying option. Instant and for anyone who uses Paypal. Disclaimer: they might be out of stock time to time.

    Link To ECGate:

    [url=https://www.ecgate.net/]https://www.ecgate.net/[/url]

    Instructional Video:

    [url=http://youtu.be/gvRL9QRC8s4]http://youtu.be/gvRL9QRC8s4[/url]

    Step 8: xChanger.org ( More Options To Buy BTC for ALL )

    xChanger.org is another site, where you can do exchange from and to your Blockchain Wallet.

    You can buy BTC using PerfectMoney, EgoPay, OKPay, PexPay. Selling back using same processor

    PLUS Payza. Disclaimer: they might be out of stock time to time.

    Registration Link:

    [url=http://xchanger.org/?ref=joinmicah]http://xchanger.org/?ref=joinmicah[/url]

    It has an affiliate option, you might want to sign up and share YOUR link with your team in case.

    Instructional Video:

    [url=http://youtu.be/jBcd8A6cdGM]http://youtu.be/jBcd8A6cdGM[/url]

    THIS DOC WILL BE UPDATED WITH MORE INFORMATIONS.

    THANK YOU FOR YOUR BUSINESS.


  • Regular Member | Tip chrisj

    That is very helpful, thanks Micah.


  • | Tip lizhi

    I hope that btc-e open FTC/USD channel. 😃


  • Moderators | Tip Wellenreiter

    Well, one of the problems with BTC-e is their fees for FIAT withdraw.

    It’s more or less a one way road FIAT-> crypto, unless you move >10k €/$ around.

    If you withdraw the equivalent of 1 BTC in € the fee is 100€, reflecting ~20%!!!

    I hope other exchanges add FTC/€ and FTC/$ soon…


  • | Tip qwertybo

    Good guide for someone new in the game, thank you! I’m loving the informative community over here.


  • | Tip feathercoin101

    Here in the US, coinbase.com is a great place to buy btc.


  • Regular Member | Tip chrisj

    Now added Bittylicious 😎


  • | Tip mnstrcck

    I just found out that QuickBT offers both Canadian and Australian users a very quick method of buying BTC using Interac and POLi at semi-reasonable mark-up, and with daily restrictions.

    Still much easier than Wire Transfer and the crazy amount if verification in other spheres.

    Check it out:

    [url=https://quickbt.com/au/]https://quickbt.com/au/[/url]


  • | Tip null

    Oh nice!

    I’ve all ready verified with BTC Markets so it’s pretty quick for me to buy and sell btc and ltc for aud…
    I’m not to stressed about buying ftc anymore either, going to be putting the money aside instead for my first proper rig.


  • Regular Member | Tip chrisj

    Should this post be stickied in the Newbies Forum? Just because there are so many stickies now on the Main Discussion board.


  • Spammer Banned | Tip Kevlar

    [quote name=“chrisj” post=“46936” timestamp=“1387742795”]
    Should this post be stickied in the Newbies Forum? Just because there are so many stickies now on the Main Discussion board.
    [/quote]

    Yep. We can probably move the Wordpress guide into guides and unsticky that from here, and the market moved message can probably be unstickied as well, since it’s in the site header.