<p>https://steemitimages.com/DQmZjHAA27dprCtY4jYGPqKEWGDSxNgNRxQCPUALQX2ZP2Q/S17-00th.jpg</p>
<p>How do we trade fiat currencies such as USD with digital currencies such as Bitcoin, Ethereum, or Litecoin which then are easy to swap with Steem and SBD using any Digital Currency Exchange or DCE?</p>
<p>Would you read this post or watch the matching video because you will see eight cryptocurrency exchanges where we can trade fiat currencies like US dollars, CAD, EUR, GBP, RUB, CNY, AUD, or any other currency issued by a government into BTC, ETH, LTC, and many others through Bitcoin exchanges?</p>
<p>https://www.youtube.com/watch?v=pLGIyM8zGeg</p>
<p>Thank you very much to <a href="https://steemit.com/@gmichelbkk">@gmichelbkk</a> for converting the transcription of the <em>YouTube</em> video from <a href="https://gotranscript.com/r/61527"><em>GoTranscript</em></a> into this beautiful post for <em>Steemit,</em> which is much faster to read than the video and has all of the highlights in screenshots!  Our workflow begins with me filming the video, publishing it, and then paying about $0.75 a minute for the transcription on GoTranscript.  Michel then edits the transcription for best reading here on Steemit especially by adding screenshots and removing the majority of the self-promotional and awkward language I use in the videos.  Before posting Michel's transcription, I make final edits and then post exclusively now to Steemit instead of even using my own blog on my website!  Hopefully explaining my workflow is useful for you in understanding how these posts arrive here!</p>
<h2><strong>Eight cryptocurrency exchanges to buy and sell Bitcoin in fiat like USD, EUR, and CAD.</strong></h2>
<p> <br />I'm going to show you now eight cryptocurrency exchanges, with the hope that at least one of them will work for you in any country of the world.</p>
<p>https://steemitimages.com/DQmULiDTXQTVMvX57Q5yppHXcYUo7sJwzLBzj1Bya6jvhnF/S17-01.jpg</p>
<p>What I'll do first is just show you the website address, and then show you a little bit more detail about each one. If you haven't heard of these websites before, I recommend that you take a look at them yourself and maybe sign up for an account and see if you can deposit using what they offer.</p>
<p>I hope this will give you insight as to which ones are worth using.</p>
<p>The top two exchanges in my opinion, and this is just from my personal experience, are <a href="https://www.coinbase.com/join/53f220834b1a7fd652000013"><em>coinbase.com</em></a> and <a href="https://www.bitstamp.net/"><em>bitstamp.net</em></a>. Between these two exchanges, especially if you can make a wire transfer and <em>ACH</em> transfer, or a <em>SEPA</em> transfer in <em>Europe,</em> you should be able to buy <em>Bitcoin</em> on either of them.</p>
<p><em>Coinbase</em> is available in <em>30</em> plus countries and I think that you can use <em>Bitstamp</em> in most of the world if you can make a wire transfer over there.</p>
<p><a href="https://www.kraken.com/"><em>Kraken.com</em></a> and <a href="https://www.gdax.com/"><em>gdax.com</em></a> may also work for you, as well as <a href="https://gemini.com/"><em>gemini.com</em></a> and <a href="https://www.xbtce.com/"><em>xbtce.com</em></a>.</p>
<p>Finally, you have <a href="https://localbitcoins.com/"><em>localbitcoins.com</em></a> and <a href="https://wallofcoins.com/en/"><em>wallofcoins.com</em></a>.</p>
<p>Now, these last two exchanges are significantly different from the first six.</p>
<p><em>Coinbase, Bitstamp, Kraken, Gdax, Gemini</em> and <em>xBTCe</em> all require that you basically set up an account online and make some kind of bank transfer to them, or if you've already got <em>Bitcoin</em> or other currencies, you can just deposit that.</p>
<p>Now, you can actually use cash out of your wallet to go make a deposit with <em>LocalBitcoins</em> or <em>Wall of Coins</em>. With <em>Wall of Coins</em> you deposit directly into someone's bank account, and with <em>LocalBitcoins,</em> you can interact directly with other sellers.</p>
<p>I highly recommend figuring out if you can use one of these first six, because they are the best ways to buy <em>Bitcoin</em> online with fiat. However, if you can't use any of them, you may be able to use <em>LocalBitcoins </em>or <em>Wall of Coins.</em></p>
<p>Once you have got <em>Bitcoin,</em> what you can do to buy an altcoin is either use <a href="https://www.bittrex.com/"><em>bittrex.com</em></a>, which can be pronounced <em>"bit T rex dot com"</em> and is currently my favorite, or <a href="https://poloniex.com/"><em>poloniex.com</em></a><em>,</em> which is the one I've used the most.</p>
<p>Once you have bought <em>Bitcoin</em> on one of these other eight websites I mentioned, then you can buy into all these other cryptocurrencies you're excited about like <em>Ethereum, Litecoin, Steem, Dash</em> or <em>New Economy Movement</em>.</p>
<p>Whatever you are excited about, you can get into that easily on <em>Bittrex</em> and <em>Poloniex.</em> These other <em>8 </em>websites are consistently adding more as well.</p>
<p>That's the basic of how you get started.</p>
<p>What I'll do now is give you a more in-depth look at each of these different websites that I hope will be helpful if you've never heard of several of them, or if you want to see how they can potentially work for you.</p>
<h3><strong>Coinbase.com</strong></h3>
<p> <br />The number one website I've used personally is <a href="https://www.coinbase.com/join/53f220834b1a7fd652000013"><em>coinbase.com</em></a>.</p>
<p>There's a link to this on <a href="https://jerrybanfield.com/resources/">my resources page</a> on my website, and I'm grateful that <em>177</em> people have already signed up for <em>Coinbase</em> through my link, and actually bought or sold at least <em>$100</em> of <em>Bitcoin.</em></p>
<p>https://steemitimages.com/DQmQnMFtYHMLh8LUfZ7acALjDbNdVQDmkER7GYQHBXDaszf/S17-02.jpg</p>
<p>If you want to signup for <em>Coinbase,</em> would you please use <a href="https://www.coinbase.com/join/53f220834b1a7fd652000013">this link</a>, because <em>Coinbase</em> gives you and I, each of us, <em>$10</em> in <em>Bitcoin</em> when you signup.</p>
<p><em>Coinbase</em> is what I've used to buy and sell over a hundred thousand dollars of <em>Bitcoin</em> because it's really fast. All I do is go into the dashboard and I can buy and sell with a <em>1% fee. Coinbase</em> also allows me to make <em>ACH</em> transfers with no fee directly back and forth between my bank account and it also accepts wire transfers.</p>
<p>Now, the main problem with <em>Coinbase</em> is that it's not available everywhere, and features may be limited <a href="https://www.coinbase.com/global">by your country</a>.</p>
<p>https://steemitimages.com/DQmcvHcnzBKaLKLrz9XdD5tgjkv4tMYYeLN4oi61gHkcYYr/S17-03.jpg</p>
<p>Now, if you're in <em>Australia,</em> it can be tough to buy in with a lot of websites, but you can buy in with a debit or credit card supposedly on<em> Coinbase.</em></p>
<p><em>Coinbase</em> is available in <em>Singapore</em> and in most of <em>Europe </em>where you can use your bank account deposit and a credit or debit card.</p>
<p>You can also use a credit or debit card to buy in <em>Canada.</em> However, I recommend against <em>Coinbase</em> in <em>Canada</em> because there are better options available elsewhere.</p>
<p>Now, in the <em>United States,</em> you can use your <em>PayPal</em> account. You can deposit with your bank account and withdraw. It's very easy. You can also use a credit or debit card, and that's where I'm located.</p>
<p>Now, if you don't like to use <em>Coinbase,</em> or if it's not available in your country, I recommend using <a href="https://www.bitstamp.net/"><em>bitstamp.net</em></a><em>.</em></p>
<h3><strong>Bitstamp.net</strong></h3>
<p> <br />The fees are lower than <em>Coinbase</em> for <a href="https://www.bitstamp.net/"><em>bitstamp.net</em></a> and they seem to be based in the <em>UK.</em> I recommend, if you're in <em>Europe,</em> to use <em>Bitstamp</em> because it is a great option. It says <em>"rest of the world"</em> here on their wire transfer.</p>
<p>https://steemitimages.com/DQmX1NjaSXmZ4Z2ax74g8XC6SjGWrAhPGEzJbRYHrVoviVt/S17-05.jpg</p>
<p>Now, the basic thing you need to be able to do to buy <em>Bitcoin</em> with one of the six websites I showed you, is to be able to do a wire transfer from your bank.</p>
<p>If you're in <em>Malaysia,</em> you will need to be able to do an international wire transfer.</p>
<p><em>Bitstamp</em> has the option to register an account all over the world and you should be able to wire almost any currency straight to <em>Bitstamp</em> according to their deposit instructions.</p>
<p><em>"International Bank transfer deposits, US dollars, all other currencies will be converted to the selected balance currency."</em></p>
<p>https://steemitimages.com/DQmUg546RPVVQas4VjTumGqC4ykzGSAwuei98zVCbi246nF/S17-06.jpg</p>
<p>This means you should be able to wire from almost any country in the world straight to <a href="https://www.bitstamp.net/"><em>bitstamp.net</em></a><em>,</em> and then get your deposit on there.</p>
<p><em>Bitstamp</em> is extremely fast to buy and sell. I transferred <em>$130,000</em> in transactions in one day when I sold my <em>Dash masternode,</em> it went through incredibly quick and it was easy to do. <em>Bitstamp.net</em> is outstanding for buying <em>Bitcoin</em>, and I think in almost any country in the world, you should be able to do an international bank transfer with a pretty low fee, and then get that credited to your account.</p>
<p>If you're in the <em>US,</em> it's pretty easy to buy <em>Bitcoin</em> on lots of different websites, but if you're in the rest of the world, not in the <em>US </em>or <em>Europe,</em> <a href="https://www.bitstamp.net/"><em>bitstamp.net</em></a> should work good for you. Now, would you please comment if I'm wrong to help other people learn whether it's available in your specific country or not.</p>
<p>The cool thing is that you can actually use your credit card, at least in the <em>US</em> where I'm at, but also in many other countries in the world.</p>
<p>Now, the fee is big!</p>
<p>If I drop a <em>$5,000</em> purchase on my credit card, that's a <em>$250</em> fee.</p>
<p><em>"Ouch!"</em></p>
<p>Then, what if you buy it and the price goes down?</p>
<p>That's even worse.</p>
<p>Sure, you could buy it at <em>5%,</em> the price could go up <em>20%</em> and it might be worth it.</p>
<p>https://steemitimages.com/DQmbgXh7RJAiknc34CWSesMKDmeDUPPZYky8jxheRDTQBCA/S17-07.jpg</p>
<p>Still, you should be able to use <a href="https://www.bitstamp.net/"><em>bitstamp.net</em></a> to drop it straight on your credit card, which I think is outstanding.</p>
<p>Now, if you don't have cash in the bank, and you're going to just put it on a credit card, I'd highly recommend against that.</p>
<p>However, I trust your judgment, maybe you can make something good out of it.</p>
<p>In my opinion, the top two options in my mind to buy <em>Bitcoin</em> with fiat currency online are <a href="https://www.coinbase.com/join/53f220834b1a7fd652000013"><em>coinbase.com</em></a>, which is really easy to use and available in 30 plus countries, and <a href="https://www.bitstamp.net/"><em>bitstamp.net</em></a>.</p>
<p>If I had to just rank one of them, I'd probably say that <em>Bitstamp</em> is the top globally, and in the <em>US, Coinbase </em>is extremely convenient for me personally.</p>
<p>Now, what I highly recommend is to check out both of them first and if you can't use either of them, or if you've already used them and want something else, then there are more options.</p>
<p>However, these tend to be a bit more limited than <em>Coinbase</em> and <em>Bitstamp.</em></p>
<h3><strong>Kraken.com</strong></h3>
<p> <br />Now, you should be able in lots of different areas to buy on to <a href="https://www.kraken.com/"><em>kraken.com</em></a> as well. <em>Y</em>ou can do the very same type of deposit as <em>Bitstamp.</em></p>
<p>You can use a <em>SEPA</em> deposit if you're in <em>Europe</em> and that's free, you can use a bank wire out of the <em>US,</em> you can do a bank wire in <em>Europe,</em> you can do a <em>US dollar</em> bank wire deposit outside the <em>US</em> or you can even do <em>Japanese yen.</em></p>
<p>If you're in <em>Canada</em> you can do a <em>Canadian</em> wire deposit for free, you can also withdraw straight in these methods as well.</p>
<p>You need to be able to do a wire deposit anywhere except <em>Europe</em> to get on to <em>Kraken.</em></p>
<p>https://steemitimages.com/DQmdtUrMmLsd1GjF4UPsiXXGoYR8hhh593dJD4Wvb239vwG/S17-08.jpg</p>
<p>If I'm reading this correctly, you may also be able to do a <em>Japanese yen</em> bank deposit straight on there.</p>
<p>Between <em>Kraken</em> and <em>Bitstamp,</em> you should be able to buy <em>Bitcoin</em> in whatever country you're in, and the fees are pretty good.</p>
<p>On <em>Kraken,</em> you've got some more possibilities, and you can trade as well. <em>Kraken</em> has a lot of different currencies you can buy.</p>
<p>https://steemitimages.com/DQmTwWxjRuA9dqUMrsRWbaJdh9qTmfuL9miKWG44V3sLLcc/S17-09.jpg</p>
<p>On <em>Bitstamp</em> right now you can only buy <em>Ripple</em> and <em>Bitcoin</em> with your fiat currency, while on <em>Coinbase </em>you can only currently buy <em>Litecoin, Bitcoin,</em> and <em>Ethereum.</em></p>
<p><em>Kraken</em> is one of the few where you can make a deposit and it looks like you can do it for most of the world, then there's a lot of trading pairs. You can go <em>Dash, Ethereum, or Ethereum Classic, </em>and there are several other things you can trade straight on <em>Kraken</em> as well, which might eliminate the step of going to sign up also on <em>Bittrex</em> or <em>Poloniex,</em> to give you the ability to trade a lot more of these different cryptocurrencies.</p>
<p><em>Kraken</em> is a great option if you want to give it a try. If you don't know what an international bank wire transfer is and that sounds intimidating, look into it, just go to your bank, ask how you do it, or google it online. You want to be able to do an international bank wire transfer if you want to buy <em>Bitcoin</em> online.</p>
<h3><strong>Gdax.com</strong></h3>
<p> <br />Now, you've also got <a href="https://www.gdax.com/"><em>gdax.com</em></a> in the <em>US</em>, which has <em>Bitcoin, Ethereum </em>and <em>Litecoin.</em> <em>Gdax</em> is well connected with <em>Coinbase,</em> I'm not sure if they own it or if it's a partner somehow, but it's basically like an extension of <em>Coinbase.</em> In terms of the countries it works in, they are very similar to the ones that it works in for <em>Coinbase.</em></p>
<p>https://steemitimages.com/DQmP6b1cW6A3bvXneghbC6teim6VvXLtyZdEbJmVy2QejS8/S17-10.jpg</p>
<p>You can send a wire transfer into <em>Gdax,</em> you can also deposit with <em>ACH</em> or <em>SEPA</em> on <em>Gdax</em> as well, and then you can withdraw up to <em>$10,000</em> a day on it. You can deposit on <em>Gdax,</em> however just like <em>Coinbase</em> it doesn't work in <em>Canada</em>, it does work in <em>Europe </em>and  in the <em>UK,</em> but <em>Australia</em> and <em>Singapore</em> have limited trading functionality as well. </p>
<h3><strong>Gemini.com</strong></h3>
<p> <br />There is another website called <a href="https://gemini.com/"><em>gemini.com</em></a>.</p>
<p><em>Gemini </em>works for the <em>US</em> and <em>Canada,</em> but also for <em>Hong Kong</em> and <em>South Korea</em>. If you're in one of these countries specifically, you might be interested in making a deposit through this site instead of using one of the other websites.</p>
<p><em>https://steemitimages.com/DQmNXY3QwbzPNY8BdVnEg4Zp6uQfx3e7QACivPddvDWHVVP/S17-14.jpg</em></p>
<p><em>Singapore, the United Kingdom </em>and <em>Puerto Rico,</em> are also supported.</p>
<p>On <em>Gemini</em> you can buy in with <em>US</em> dollars in <em>Canada,</em> I hope they'd support <em>Canadian dollars, </em>but it looks like they just do <em>Bitcoin/US</em> <em>dollars</em> on everything.</p>
<p>https://steemitimages.com/DQmT6pMuh5tfNk7ATkzy5TxKRdNZutV1T5gj1sCha7dQgJB/S17-11.jpg</p>
<p>In fact, you can buy <em>Bitcoin</em> in the <em>US</em> as well as <em>Canada, Hong Kong, Singapore, </em>and <em>South Korea </em>on <em>Gemini</em> using the<em> US dollar,</em> and that looks good to me.</p>
<h3><strong>XBTCe.com</strong></h3>
<p> <br />Now, there's also <a href="https://www.xbtce.com"><em>xBTCe</em></a><em>, </em>which has a knowledge base in <em>Russian</em> as well as these other languages.</p>
<p>You'd hope that with support documents in <em>Russian</em> and <em>Chinese</em> they'd be able to get <em>Russian</em> and <em>Chinese </em>customers on board on <a href="https://www.xbtce.com"><em>xBTCe.com</em></a><em>.</em></p>
<p>https://steemitimages.com/DQmWnZgrdjVDqWRLkzUjL7fnx79z4Pi8zqhPL6fTJr7QVvo/S17-12.jpg</p>
<p>They've got listed here wire transfer and <em>Perfect Money. </em>They also have <em>FasaPay</em> and others listed as well. Basically, this looks like you're going to need to be able to make wire transfers as well.</p>
<p>However, it says <em>"Profit can also be withdrawn by wire transfer."</em></p>
<p><em>xBTCe</em> might work for you as well, and that's a basic coverage.</p>
<p>As a quick summary, <a href="https://www.coinbase.com/join/53f220834b1a7fd652000013"><em>Coinbase</em></a> and <a href="https://www.bitstamp.net/"><em>Bitstamp.net</em></a> are my two top choices, <a href="https://www.kraken.com/"><em>Kraken</em></a> and <a href="https://www.gdax.com/"><em>Gdax</em></a><em>,</em> <a href="https://gemini.com/"><em>Gemini</em></a> and <a href="https://www.xbtce.com/"><em>xbtce</em></a><em>,</em> also look like excellent options.</p>
<p>These are six websites where you can essentially deal straight with the exchange, and in terms of getting the best price that is what you want.</p>
<p>Now, with these final two, you have to deal with individual sellers essentially.</p>
<h3><strong>Wallofcoins.com</strong></h3>
<p> <br />Now, I've used <a href="https://wallofcoins.com/en/"><em>Wall of Coins</em></a> on over <em>$50,000</em> of <em>Bitcoin</em> transactions.</p>
<p>I have a course on my website that shows how I used <em>Wall of Coins</em> to buy <em>Bitcoin</em> and then sell it marked up <em>10%. </em>You can enroll in the course for free using this link with a free coupon: <a href="http://u.jerrybanfield.com/courses/btc111?coupon=steem"><em>http://u.jerrybanfield.com/courses/btc111?coupon=steem</em></a></p>
<p>Now, I also got my bank account closed because I did too many transactions for too high of a dollar amount. If you want to do that successfully, you will have to do it on a smaller dollar amount.</p>
<p><em>Wall of Coins</em> allows you to buy <em>Bitcoin</em> directly from other sellers and this currently works in the <em>US, </em>and it may have functionality in your country.</p>
<p>https://steemitimages.com/DQmdH1oKL5rxcXDemTt7Q9p4cGbNKaMBJhAvr99PPkqn3ba/S17-13.jpg</p>
<p>Just try it out and see if there's any accounts available for your country, if not, then it doesn't work for you.</p>
<p><a href="https://wallofcoins.com/en/"><em>Wall of Coins</em></a> is nice because you can use cash directly from your wallet and I know the owner. I also have a half percent ownership in the company as well, so it's important to disclose that up front here.</p>
<p>I've used <em>Wall of Coins</em> to buy, but mostly sell about <em>$50,000</em> or so in <em>Bitcoin</em>. What I would do is buy <em>Bitcoin</em> on some of these other websites, put it for sale on <em>Wall of Coins,</em> and mark it up. There's essentially a convenience fee that you get for being able to pay directly in cash.</p>
<p>How does <em>Wall of Coins </em>work?</p>
<p>As a seller, you sign up and connect your bank account to <em>Wall of Coins,</em> you then deposit your <em>Bitcoin,</em> and I think they have <em>Dash</em> available now as well. You deposit that on <em>Wall of Coins, </em>buyers come along and make cash deposits in your bank account. Once you confirm the deposit, then <em>Wall of Coins</em> gives the buyer their <em>Bitcoin</em> or <em>Dash,</em> and you've already got the cash deposit in your bank account.</p>
<p>If you do this on small amounts, like buy <em>$180 </em>or less at once, this can work really well. The banks typically aren't that interested in smaller deposits.</p>
<p>Now, where I went wrong is that I was taking two plus thousand dollar deposits at once and the bank got kind of curious as to why people all over the country were making huge cash deposits into my bank account all at once. I sold more than <em>$10,000</em> in two or three weeks, and then my bank flipped and just closed my account.</p>
<p>This is a great fast way to buy some <em>Bitcoin</em> online if you want to directly deposit cash into a bank account in the <em>US.</em> I like it because you know that <em>Wall of Coins</em> has the <em>Bitcoin</em> there. You don't have to deal directly with the seller using <em>Wall of Coins.</em></p>
<p>If you're in the <em>US, </em>then this might work really good for you.</p>
<h3><strong>Localbitcoins.com</strong></h3>
<p> <br />Another option is <a href="https://localbitcoins.com/"><em>localbitcoins.com</em></a><em>.</em></p>
<p>Now please, would you continue to read through this? I'll mention some problems at the end of this section.</p>
<p>You have <em>248</em> countries on <em>localbitcoins.com</em> currently where you can buy and sell <em>Bitcoin</em> near you.</p>
<p>https://steemitimages.com/DQmQ5M8BdFmi4zUA6fy7SnfQsdtEnnZbv24CKJieEgTozeJ/S17-15.jpg</p>
<p>Now, this is a good solution if you are having a hard time with using these other websites. I do not recommend using <em>LocalBitcoins</em> or <em>Wall of Coins</em> if you can use one of these others.</p>
<p>It might be real easy to just go give someone <em>$100</em> in cash somewhere and buy <em>Bitcoin,</em> but it's much better to get <em>Coinbase</em>, get one of these set up if you can.</p>
<p>They each have different payment methods and you need to be aware of the exact terms and conditions. I've never used <em>LocalBitcoins</em> before so you may have other issues with it. However, I'll give you the set up simply.</p>
<p>What you can do on <em>LocalBitcoins</em> is go transact with a seller near you who has <em>Bitcoin,</em> and then buy the <em>Bitcoin</em> directly from them. Now, there are all kinds of things that you could potentially go wrong with this. However, <em>LocalBitcoins</em> seems to do a good job. They've got feedback ratings and you can see how much sellers have done.</p>
<p>This one for example is a cash deposit to a specific bank and you can look at this seller. You can see how long it takes them. You can see the confirmed trades. You can see the feedback score. You can see all these things verified on the page.</p>
<p>https://steemitimages.com/DQmapH8BRHKhzmRe7gE5XGxcYETfurc6zT3cc9oSgzKZ56F/S17-16.jpg</p>
<p>What you do essentially is pick a local seller and the price you pay per <em>Bitcoin.</em> Now, you're likely to get some marked-up prices on this website because you're essentially paying a cash convenience fee.</p>
<p>If you use <em>Canadian dollars</em> on a site like <em>Bitstamp, </em>you can buy <em>Bitcoin</em> for about <em>$3,000 Canadian dollars.</em> You'll see that the lowest price is <em>$3,400 Canadian dollars</em> for <em>Bitcoin,</em> and that means you're paying a significant markup.</p>
<p>https://steemitimages.com/DQmcN4EfvaVjWZs2nbYuTamhzAx5Bh6uMkkePXBHzRU2TY1/S17-17.jpg</p>
<p>You can essentially buy a bunch of <em>Bitcoin</em> on one of these other websites and sell it on <em>LocalBitcoins</em> at a <em>10 plus percent</em> markup. You'll see this is currently about a <em>13 </em>to<em> 15%</em> markup here.</p>
<p>If you can't use one of the other methods, <em>LocalBitcoins</em> will give you the chance to buy in, but you're likely to pay a premium for dealing directly with another seller. Now, this might be a really good opportunity also to use <em>LocalBitcoins</em> if you can buy on <em>Bitstamp.</em></p>
<p>If you can go buy <em>$10,000</em> of <em>Bitcoin</em> with a wire transfer on <em>Bitstamp,</em> you could then probably sell it for <em>$11,000</em> on <em>LocalBitcoins.</em> I would imagine that's what most of the sellers are doing on <em>LocalBitcoins.</em></p>
<p>This is a really good opportunity.</p>
<p>You can then buy online in <em>Canada</em> or you can meet directly with another seller in person and buy cash. There are different sellers, they take things like <em>PayPal,</em> there are all kinds of different options, so if you explore on<em> LocalBitcoins,</em> you can figure out what's the best for you.</p>
<h3><strong>Warning!</strong></h3>
<p> <br />Now, problems with <em>LocalBitcoins</em> and this could be a similar issue with <em>Wall of Coins.</em></p>
<p>Sometimes <em>Bitcoin</em> is being used as a payment by some of the illegal markets like drug dealing and everything else you can get on the black market, and then the way they're able to cash out is to conduct these local transactions.</p>
<p>For example, a drug dealer tells you that you'll pay in <em>Bitcoin.</em> You give the drug dealer the <em>Bitcoin.</em> They give you the drugs, and then the drug dealer goes to sell the <em>Bitcoin</em> on <em>LocalBitcoins.</em></p>
<p>Now, you can run into some of these things in buying and selling locally on either end.</p>
<p>One of the reasons I've stopped selling on <em>Wall of Coins</em> and I haven't even started to sell on <em>LocalBitcoins,</em> even when I can see I could easily make <em>10% </em>per transaction, is that I don't want to get in the middle of someone else's money laundering scheme without my own knowledge.</p>
<p>That would be pretty stupid, and there are court cases and stories on the news of people going to jail being involved in money laundering using things like <em>LocalBitcoins.</em></p>
<p><em>Wall of Coins</em> might be too new to have got into anything like that. These can be an issue using something like <em>LocalBitcoins.</em></p>
<h3><strong>Summary</strong></h3>
<p><br />I hope in presenting all this to you I've given you a comprehensive look at different ways to buy and sell <em>Bitcoin,</em> and then from once you've got <em>Bitcoin,</em> you can easily buy into everything else.</p>
<p>If you use a website like <em>Coinbase, Bitstamp, Kraken </em>or<em> Gdax</em> you can actually buy straight into something besides <em>Bitcoin</em> as well.</p>
<p>You can buy into <em>Ethereum</em> directly on <em>Gdax</em> with <em>US dollars,</em> same thing on <em>Coinbase </em>along with <em>Litecoin.</em> On <em>Bitstamp</em> you can buy directly into <em>Ripple</em> currently with <em>US dollars.</em> On <em>Kraken, </em>I believe there are lots of options you can buy straight in with <em>US dollars</em> and I'm not sure about <em>BTC-e</em> specifically.</p>
<p>All it looks like right now on <em>LocalBitcoins</em> is <em>Bitcoin,</em> but on <em>Wall of Coins,</em> you can actually buy straight into <em>Dash</em> as well with <em>US dollars.</em></p>
<p>I hope this has provided you a comprehensive look at how to get a hold of <em>Bitcoin.</em></p>
<p>Then once you've got <em>Bitcoin,</em> you can deposit it either on <a href="https://bittrex.com/"><em>bittrex.com</em></a> or <a href="https://poloniex.com/"><em>poloniex.com</em></a><em>,</em> then you can turn it into all these other currencies.</p>
<h3><strong>Investment opportunities</strong></h3>
<p> <br />Some of the very best investment opportunities can be to buy into some of these altcoins.</p>
<p>Now if you've looked at the charts, <em>Ethereum</em> just went from <em>$170</em> to <em>$230</em> in the last couple of days. I'd say that would have been a great investment, but I thought it was overvalued at the time.</p>
<p>Now <em>Ripple</em> was as high as <em>30+</em> <em>cents,</em> and it is down to <em>22 cents.</em></p>
<p>Some of these other currencies have had just explosive increases like <em>Stratis,</em> which is up <em>32%</em>, and that I've never even heard of or used.</p>
<p>https://steemitimages.com/DQmTy3PWMLwQVq8zzjcqNuwYwYd6ShTXA96LtMsFaPCeAku/S17-18.jpg</p>
<p>Then, some of these other currencies are down significantly. <em>PIVX</em> went as low as under a dollar, it is back up over <em>$1.60</em> today. It's just crazy. Some of the most fun I have is to trade in these other currencies.</p>
<p>Once you've got your <em>Bitcoin, Ethereum </em>or <em>Litecoin</em>, and have a system where you can buy <em>US dollars</em> or<em> Euros</em> or whatever you're using, you could put it on to <em>Bittrex</em> and start trading.</p>
<p>You can see these <em>Bitcoin</em> markets up here on <em>Bittrex.</em></p>
<p>https://steemitimages.com/DQmWJubzG2gU67g9idgWPmFaffcXWajrCp9LTXUsfL4MHYV/S17-19.jpg</p>
<p>You can trade all kinds of things on these markets, you can have lots of fun, and you can invest at the same time.</p>
<p>I think that one of the best ways, if you don't know about any currency in particular and you just want to invest and make some money on it, is to split it up equally and buy across all the different market.</p>
<p>On <a href="https://bittrex.com/"><em>Bittrex</em></a> you can buy into <em>150+</em> currencies and if any of them absolutely blows up, then you're going to come out way ahead. If you don't know about any of the currencies, this is a great way to do it because it's a diversified portfolio.</p>
<p>That way you don't lose that much on any one particular currency, and if any of them blows up and goes up <em>10</em> or <em>100 times</em> in value, you make so much on that one, that it will cover almost all the rest of the losses for your whole portfolio.</p>
<p>Then, as all the altcoins go up over time, you've got a good chance to just continuously build and build on your profit.</p>
<p>Another way to do it is to go all in on one specific currency. Now, this is better if you've researched and learned about your different options. There is one currency that I went all in and I'm really excited about. I'm so pumped up about it, that I've sold everything else and bought into that currency.</p>
<p>These are two different basic ways you can do your investing.</p>
<p>Thank you very much for reading this, I love you.</p>
<p>If you found this post helpful on <em>Steemit,</em> would you please <em>upvote</em> it and follow me because you will then be able to see more posts like this in your home feed?</p>
<p>Love,</p>
<p>Jerry Banfield</p>