Buying Bitcoins safe and cheap from USA

@Alfapharm 3 more points..

I pay $75.50 to transfer $75 from my wallet to its destination quickly as opposed to paying $75 or $75 and a few .01 to transfer slowly to make things easier on the vendor

I don't use coinmama to your original question @vitruviusbeard posted that under greeting and though it worth copying with accreditation 

Gemini is under NYSE supervision, I know others use it but I found the requirements to be onerous. If you have more than 1 acct at the linked bank or use a less known bank or credit union you may wait forever to get verified.

 
LunaLovegood said:
Take the actual numbers I quoted with a grain of salt. This was several weeks ago, so I don’t remember the exact amounts. I just remember buying off CashApp, and it says there’s just a small, reasonable fee. But the money always shows up minus a pretty significant amount, way more than the fee it lists on CashApp. I seem to recall the same issue when buying from Coinmama, so it makes sense that it would be MyCelium. I never looked into it(waaay too much crap going on in my life rn), and had pretty much just accepted that it’s going to cost me $40 or more to buy $200 in BTC. 
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Few wallets charge users anything. I'd suspect that Coinmama and Cashapp are taking a much larger fee than you realize. There is also the tx fee to send to Mycellium but that is the network fees and should be low; unless the network is heavily congested which is uncommon.

 
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@Alfapharm As to your question about using blockchain.com as an exchange and what they ask for:  when i go to make an account it says that their exchange is not available in the U.S.

 
That wont work with Blockchain as they ask for a live photo of you, your official identity document and one of you holding the document before you can buy.  And it must match the address and name you gave in signing up.

 
Wow! 

They US banks are really doing anything and everything to make it as hard as possible for the Americans buting Bitcoins. 

How is www.localbitcoins.com working there? 

Are there good reputable vendors in US who sell Bitcoins with not so high percentage? 

 
DoomKitty said:
That wont work with Blockchain as they ask for a live photo of you, your official identity document and one of you holding the document before you can buy.  And it must match the address and name you gave in signing up.
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I recently created a blockchain wallet from the US and was not asked for ID at all. Ii think amounts greater than a particular number may require this, but general sending and receiving within their platform is relatively hassle-free. So converting from one currency to another or to US dollars wouldn’t work, but if the goal is to have a wallet separate from Coinbase or another exchange it’s been my experience that privacy with blockchain is still tenable. I am admittedly unsophisticated with this stuff though, so you could be right!

 
LatsDoodis said:
I recently created a blockchain wallet from the US and was not asked for ID at all. Ii think amounts greater than a particular number may require this, but general sending and receiving within their platform is relatively hassle-free. So converting from one currency to another or to US dollars wouldn’t work, but if the goal is to have a wallet separate from Coinbase or another exchange it’s been my experience that privacy with blockchain is still tenable. I am admittedly unsophisticated with this stuff though, so you could be right!
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Thanks.

1/ But did you buy Bitcoins from Blockchain, that is the question?

2/ if yes what verifications did they request?

3/ what percentage did they charge you?

4/ from which web site/ exchange do you buy Bitcoins and what percentage do they charge you?

 
@LatsDoodis:

When you opened your wallet at Blockchain.com did you do it with USA registration?

Because @DoomKitty wrote above that Blockchain does not work as an exchange for US and when he went to make an account it says that their exchange is not available in the U.S.

Having a Bitcoin wallet at Blockchain (without any verification) is one thing, but buying Bitcoins from them seems to be completely different. 

 
Blockchain wallet is different from their Blockchain exchange which they call PIT.  You can have a wallet from anywhere...

 
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Alfapharm said:
@LatsDoodis:

When you opened your wallet at Blockchain.com did you do it with USA registration?

Because @DoomKitty wrote above that Blockchain does not work as an exchange for US and when he went to make an account it says that their exchange is not available in the U.S.

Having a Bitcoin wallet at Blockchain (without any verification) is one thing, but buying Bitcoins from them seems to be completely different. 
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I have used Coinbase for purchasing of various currencies, and find their fees are low and given at the time of transaction. I have a bank and bank debit card linked with them, one of which required ID and consequently gives more expedient transaction confirmations. Once currency is purchased, I send free of charge to my blockchain wallet. My blockchain wallet was created without ID of any kind, and I am a US resident. For exchange or “cashing out” currency to dollars, they do require ID. Once transfer is completed and my blockchain wallet has currency, I send to a vendor. Blockchain takes a few cents extra to expedited the block confirmations required and typically takes less than an hour to send to a vendor.  Blockchain fees are otherwise so negligible that I don’t even know if I pay them for my purposes, which are presumably the same as your US customers. I don’t encounter long wait times or exorbitant fees using a separate exchange to buy coins then transferring to blockchain for use of their wallet only. 
 

EDIT: my main frustration related to fees is paying my bank’s charges for using a crypto exchange, which they categorize as a International wire transfer from some off reason given I live in the same city as Coinbase is headquartered, I believe.  

 
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@Alfapharm The last coin i bought was via the Cashapp app available on phones.  They charge i believe a .5 to1% fee.  They are a KYC exchange like the rest of them so you have to show proof of identity like a selfie and your ID etc.

 
@Alfapharm the last time i bought from them i paid a 2 dollar fee off of a 200 dollar purchase. ATMs are some of the highest fees you can pay.  

 
@DoomKitty

This is just 1% fee for buying Bitcoins, that is excellent!

Thanks for the valuable info.

The only problem is that CashApp was declining cards from some banks.

Which bank’s card do you use that is accepted by CashApp? 

 
@Alfapharm Id rather not say my bank/credit card, but according to the app some of the banks that work with them are:

Chase, Bank of America, Wells Fargo, Citi, US Bank, Capitol One, PNC, USAA, TD Bank, Suntrust, Regions, Navy Federal, BB&T, Chime, Charles Schwab, Fidelity, Citizens Bank and Huntington.  I'm sure there are more, those are just the ones listed without using the search function.  They also accept Visa, Mastercared, American Express and Discover for credit cards.

 
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@DoomKitty

Thank you very much for the great and complete information!

I am glad to have a solution for my US clients.

No surprise you have a high rating at this forum, the information you are sharing with others is great, complete and excellently researched. 

 
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  1. drjimmy1964 @ drjimmy1964: @bigblueallda I was under the impression that you'd need all of the points to get a real ID . I'd check it's validity if you're gonna fly domestic any time soon, just to make sure. Not to tell you what to do, sorry -
  2. B @ bigblueallda: @drjimmy1964 In my state to get a Real ID, I need SS card, Birth Certificate and two proofs of residency. Which I am positive I had to provide to get a new ID when it had been expired.
  3. drjimmy1964 @ drjimmy1964: @Turbo259 advertising - putting in writing for example an negative action to show they are guilty prior to taking action.
  4. B @ bigblueallda: I haven't flown in an airplane in 20 years lol. Can't recall the last government building I have been in either. According to the symbol it tells me I should have on my ID to make it a Real ID I do have one in my state
  5. Gracie5 @ Gracie5: Hey @CuCeltic99!
  6. drjimmy1964 @ drjimmy1964: @Turbo259 advertising - putting in writing for example an negative action to show they are guilty prior to taking action.
  7. drjimmy1964 @ drjimmy1964: @bigblueallda are you sure you have a Real ID ? I mean , they really want 6 points of proof and 1 for your addy and 1 for your SSN. Did you maybe get it done and forgot and flew out of the country or something ?
  8. drjimmy1964 @ drjimmy1964: @bigblueallda are you sure you have a Real ID ? I mean , they really want 6 points of proof and 1 for your addy and 1 for your SSN. Did you maybe get it done and forgot and flew out of the country or something ?
  9. S @ soupson: did anyone ask about real id or is sweet ol jimmy just rambling
  10. T @ Turbo259: @drjimmy1964 what did you mean by advertise? not gettin the verbiage, DM works if anything, just didnt understand
  11. B @ bigblueallda: {Visit your local Driver Service Bureau with the necessary documents: original birth certificate, Social Security card, and two proofs of your state's residency. } I definitely provided this when I had to get a new ID when i let mine go expired too long maybe I unknowingly got one but I think it is pretty standard here.
  12. B @ bigblueallda: Well it was a state id renewal. Before that there was a mixup and I had lost my birth certficate and social security number. After a couple of weeks and finally getting several documents in order I was able to get a state ID. It had been expired previously for a little too long and they wanted all kinds of proof. It was a mess. But nah I looked up what to look for an my state's ID to see if it is a Real Id or not and my card as the symbol it is supposed to have. I'll take a closer look though
  13. drjimmy1964 @ drjimmy1964: @bigblueallda are you sure you have a Real ID ? I mean , they really want 6 points of proof and 1 for your addy and 1 for your SSN. Did you maybe get it done and forgot and flew out of the country or something ?
  14. drjimmy1964 @ drjimmy1964: Actually it says "Not For Real ID Purposes". That is my 2022 renewal of my 2018 picture ID. I am not due till 2026 and I am sure they will make me go in since my pic would be 8 years old - they used to make you go in in my state for aging when I was younger, then went paper - then back to picture ( I think 9/11 to blame for that ) but relaxed it.
  15. drjimmy1964 @ drjimmy1964: Wow, for real ? You renewed your DL and without you knowing or having to present documents in person, they did it online? It has the star on top right and says "Rea: ID" Mine says ' NOT A Real ID" . I never knew what a Real ID was and never bothered to ask - I think I somehow was under the impression that it was for either military / gov't workers who had to travel over seas. WRONG lol.
  16. B @ bigblueallda: I already have one and didn't even realize it. I renewed my ID online about 6 months ago and I just looked at it today and it is a Real ID.
  17. drjimmy1964 @ drjimmy1964: @Turbo259 mine was duped , too. Not sure why or how my msg. duped. IMO that guy if serious and smart wouldn’t advertise with you
  18. drjimmy1964 @ drjimmy1964: I wish I had it when I flew to Vegas in 2022. The TSA line for Real ID passengers was short. Now it’s probably going to be crazy .
  19. drjimmy1964 @ drjimmy1964: Has everyone got their Real ID ? I think tomorrow’s the deadline yet just now an agent from AAA (I believe ) was on local news saying you can still get it past May 7.. Required for domestic flights.
  20. T @ Turbo259: sorry for the dupe message
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