Buying into BTC.

[J E Parts]

Hey.

I basically wanna dump some funds into a market. And I have looked over BTC and thought it looks promising.

Anyways..

Do I simply use an exchange to buy & sell? If so any recommendations?

 

[Xenophis]

Depends on where you live. Coinbase is a great place to start buying and selling your first BTC, but for exchanges, you need to see if your country allows banks to transfer funds into exchanges. BTC-e is decent if you're not withdrawing USD. BitFinex is great if you're going to be using USD.

Do NOT use MTGox for any reason, as they've been plagued with deposit / withdraw problems for months now, ever since the Feds confiscated millions of dollars worth of BTC from their Wells Fargo account in the US due to non-compliance with money transfer business regulations.

 

You could have a look here of you haven't done yet

http://www.sythe.org/cryptocurrency-discussion/1665753-what-crypto-currency.html

Cheers!

 

[seanwilliam1988]

Go to Bitcoin exchange websites if you want to buy and sell bitcoin, but make sure to look for reviews of the site first to ensure that it is legal.