Is there any way to buy bitcoins online without a fee? Bitcoin Stack Exchange

Risks

No method are without risks.

Bankruptcy – as for the centralized exchanges this is very likely the fattest risk – one day you send money to the exchange, the next day the exchange is gone. It does happen from time to time.

Funds on a centralized exchange being frozen for other reasons. Your funds may be frozen for a diversity of reasons – it does happen from time to time.

Bitcoin transactions getting stuck. Not so much an issue when transferring from the fatter exchanges, but due to the block size issue a transaction may stay pending for arbitrary long if it emerges the transaction fee was too low. I have personally experienced a transaction from an fair seller using “wrong” wallet software timing out after seventy two hours (he did send me the funds later in a fresh transaction with fewer inputs and higher fee).

Money lost or stalled due to other technical issues – seldom an issue, but if using a “shitty” exchange it may happen.

Scams; mostly an issue if buying or selling bitcoins to random strangers without a decent escrow system in place. Some payment methods are also reversible (particularly credit card payments and paypal payments) or effortless to fraud..

Money laundring; lots of the money in circulation comes from criminal sources, and you may become suspected of money laundry. This may cause your funds to get frozen on centralized exchanges. This may cause troubles with law enforcement if trading peer-to-peer.

Outright robbery – may be a risk if doing cash trades (I’ve encountered some attempts on robbery myself when doing cash trades), especially when appointing meetings with random strangers in dark alleys, or if counting thicker amounts of cash on a public place with the wrong person watching.

Software bugs and malicious software; can you trust the wallet software, etc? How to tell that i.e. BitSquare does it’s job, without any severe bugs causing bitcoins to be lost?

Other answers here are focusing on the best or cheapest exchanges. I’ll skip that and attempt to make an overview of alternative market places:

Bitsquare

Bitsquare is a free and decentralized market place, it comes with a good escrow protection. It does have some drawbacks tho’:

  • I managed to buy bitcoins through a “same bank”-offer, using my local domestic bank account. However, I did need to know the SWIFT-code for my bank, and I did need to know how to convert an IBAN to a local account number. YMMV, but I think this is a bit too difficult for fairly a lot of people wanting to buy bitcoins.
  • It’s an application, not a web site – meaning you need to install special software to access it.
  • You can’t buy bitcoins without already possessing bitcoins – you will need to seed the application wallet with enough bitcoins to cover transaction fees and escrow deposit
  • As far as I can see, there is no way to do free-text communication with the seller there.
  • There is a max limit, you cannot do more than one BTC throuh one trade. (Personally I find this a weird limitation).

Bitsquare supports bank payments (including local currencies and local banks) and convertions to/from altcoins, as far as I can see cash is not an option there.

You will eventually need to cover banking fees, and the bitcoin transaction fees will be higher than normal due to the complexity of the escrow transactions.

The IRC channel #bitcoin-otc on freenode is also place where it’s possible to trade coins with no middleman taking commissions. I’ve never attempted it tho’.

Mycellium

The mycellium wallet (android) has a cash-transaction built-in marketplace which is (as for now) without any fees – but if it ever becomes popular, the Mycellium team may determine to spank a fee on it. During the last year, I’ve gotten close to zero trades through the Mycellium platform, so I’ve given it up.

LocalBitcoins

With a 1% fee (paid by the advertiser), LocalBitcoins.Com (LBC) is an unlikely candidate on this list – but still, the fee is not mandatory to pay, one can “sneak” away from it, without violating the ToS.

If you search for offers on LBC, you will most likely find that there is a relatively big gap inbetween the offers and bids. If you don’t need to buy bitcoins instantly, you can “turn the table” and put out your own “i buy bitcoin”-ad.

Telegram

On the telegram talk service there is a bot BTC_CHANGE_BOT. I haven’t tested it tho’, don’t even know if it has fee structures.

Is there any way to buy bitcoins online without a fee? Bitcoin Stack Exchange

Risks

No method are without risks.

Bankruptcy – as for the centralized exchanges this is very likely the largest risk – one day you send money to the exchange, the next day the exchange is gone. It does happen from time to time.

Funds on a centralized exchange being frozen for other reasons. Your funds may be frozen for a diversity of reasons – it does happen from time to time.

Bitcoin transactions getting stuck. Not so much an issue when transferring from the fatter exchanges, but due to the block size issue a transaction may stay pending for arbitrary long if it shows up the transaction fee was too low. I have personally experienced a transaction from an fair seller using “wrong” wallet software timing out after seventy two hours (he did send me the funds later in a fresh transaction with fewer inputs and higher fee).

Money lost or stalled due to other technical issues – seldom an issue, but if using a “shitty” exchange it may happen.

Scams; mostly an issue if buying or selling bitcoins to random strangers without a decent escrow system in place. Some payment methods are also reversible (particularly credit card payments and paypal payments) or effortless to fraud..

Money laundring; lots of the money in circulation comes from criminal sources, and you may become suspected of money laundry. This may cause your funds to get frozen on centralized exchanges. This may cause troubles with law enforcement if trading peer-to-peer.

Outright robbery – may be a risk if doing cash trades (I’ve encountered some attempts on robbery myself when doing cash trades), especially when appointing meetings with random strangers in dark alleys, or if counting thicker amounts of cash on a public place with the wrong person watching.

Software bugs and malicious software; can you trust the wallet software, etc? How to tell that i.e. BitSquare does it’s job, without any severe bugs causing bitcoins to be lost?

Other answers here are focusing on the best or cheapest exchanges. I’ll skip that and attempt to make an overview of alternative market places:

Bitsquare

Bitsquare is a free and decentralized market place, it comes with a good escrow protection. It does have some drawbacks tho’:

  • I managed to buy bitcoins through a “same bank”-offer, using my local domestic bank account. However, I did need to know the SWIFT-code for my bank, and I did need to know how to convert an IBAN to a local account number. YMMV, but I think this is a bit too difficult for fairly a lot of people wanting to buy bitcoins.
  • It’s an application, not a web site – meaning you need to install special software to access it.
  • You can’t buy bitcoins without already possessing bitcoins – you will need to seed the application wallet with enough bitcoins to cover transaction fees and escrow deposit
  • As far as I can see, there is no way to do free-text communication with the seller there.
  • There is a max limit, you cannot do more than one BTC throuh one trade. (Personally I find this a weird limitation).

Bitsquare supports bank payments (including local currencies and local banks) and convertions to/from altcoins, as far as I can see cash is not an option there.

You will eventually need to cover banking fees, and the bitcoin transaction fees will be higher than normal due to the complexity of the escrow transactions.

The IRC channel #bitcoin-otc on freenode is also place where it’s possible to trade coins with no middleman taking commissions. I’ve never attempted it tho’.

Mycellium

The mycellium wallet (android) has a cash-transaction built-in marketplace which is (as for now) without any fees – but if it ever becomes popular, the Mycellium team may determine to spank a fee on it. During the last year, I’ve gotten close to zero trades through the Mycellium platform, so I’ve given it up.

LocalBitcoins

With a 1% fee (paid by the advertiser), LocalBitcoins.Com (LBC) is an unlikely candidate on this list – but still, the fee is not mandatory to pay, one can “sneak” away from it, without violating the ToS.

If you search for offers on LBC, you will most likely find that there is a relatively big gap inbetween the offers and bids. If you don’t need to buy bitcoins instantaneously, you can “turn the table” and put out your own “i buy bitcoin”-ad.

Telegram

On the telegram talk service there is a bot BTC_CHANGE_BOT. I haven’t tested it tho’, don’t even know if it has fee structures.

Is there any way to buy bitcoins online without a fee? Bitcoin Stack Exchange

Risks

No method are without risks.

Bankruptcy – as for the centralized exchanges this is most likely the largest risk – one day you send money to the exchange, the next day the exchange is gone. It does happen from time to time.

Funds on a centralized exchange being frozen for other reasons. Your funds may be frozen for a multiplicity of reasons – it does happen from time to time.

Bitcoin transactions getting stuck. Not so much an issue when transferring from the fatter exchanges, but due to the block size issue a transaction may stay pending for arbitrary long if it emerges the transaction fee was too low. I have personally experienced a transaction from an fair seller using “wrong” wallet software timing out after seventy two hours (he did send me the funds later in a fresh transaction with fewer inputs and higher fee).

Money lost or stalled due to other technical issues – seldom an issue, but if using a “shitty” exchange it may happen.

Scams; mostly an issue if buying or selling bitcoins to random strangers without a decent escrow system in place. Some payment methods are also reversible (particularly credit card payments and paypal payments) or effortless to fraud..

Money laundring; lots of the money in circulation comes from criminal sources, and you may become suspected of money laundry. This may cause your funds to get frozen on centralized exchanges. This may cause troubles with law enforcement if trading peer-to-peer.

Outright robbery – may be a risk if doing cash trades (I’ve encountered some attempts on robbery myself when doing cash trades), especially when appointing meetings with random strangers in dark alleys, or if counting thicker amounts of cash on a public place with the wrong person watching.

Software bugs and malicious software; can you trust the wallet software, etc? How to tell that i.e. BitSquare does it’s job, without any severe bugs causing bitcoins to be lost?

Other answers here are focusing on the best or cheapest exchanges. I’ll skip that and attempt to make an overview of alternative market places:

Bitsquare

Bitsquare is a free and decentralized market place, it comes with a good escrow protection. It does have some drawbacks however:

  • I managed to buy bitcoins through a “same bank”-offer, using my local domestic bank account. However, I did need to know the SWIFT-code for my bank, and I did need to know how to convert an IBAN to a local account number. YMMV, but I think this is a bit too difficult for fairly a lot of people wanting to buy bitcoins.
  • It’s an application, not a web site – meaning you need to install special software to access it.
  • You can’t buy bitcoins without already wielding bitcoins – you will need to seed the application wallet with enough bitcoins to cover transaction fees and escrow deposit
  • As far as I can see, there is no way to do free-text communication with the seller there.
  • There is a max limit, you cannot do more than one BTC throuh one trade. (Personally I find this a weird limitation).

Bitsquare supports bank payments (including local currencies and local banks) and convertions to/from altcoins, as far as I can see cash is not an option there.

You will eventually need to cover banking fees, and the bitcoin transaction fees will be higher than normal due to the complexity of the escrow transactions.

The IRC channel #bitcoin-otc on freenode is also place where it’s possible to trade coins with no middleman taking commissions. I’ve never attempted it however.

Mycellium

The mycellium wallet (android) has a cash-transaction built-in marketplace which is (as for now) without any fees – but if it ever becomes popular, the Mycellium team may determine to smack a fee on it. During the last year, I’ve gotten close to zero trades through the Mycellium platform, so I’ve given it up.

LocalBitcoins

With a 1% fee (paid by the advertiser), LocalBitcoins.Com (LBC) is an unlikely candidate on this list – but still, the fee is not mandatory to pay, one can “sneak” away from it, without violating the ToS.

If you search for offers on LBC, you will most likely find that there is a relatively big gap inbetween the offers and bids. If you don’t need to buy bitcoins instantly, you can “turn the table” and put out your own “i buy bitcoin”-ad.

Telegram

On the telegram talk service there is a bot BTC_CHANGE_BOT. I haven’t tested it however, don’t even know if it has fee structures.

Is there any way to buy bitcoins online without a fee? Bitcoin Stack Exchange

Risks

No method are without risks.

Bankruptcy – as for the centralized exchanges this is most likely the thickest risk – one day you send money to the exchange, the next day the exchange is gone. It does happen from time to time.

Funds on a centralized exchange being frozen for other reasons. Your funds may be frozen for a diversity of reasons – it does happen from time to time.

Bitcoin transactions getting stuck. Not so much an issue when transferring from the fatter exchanges, but due to the block size issue a transaction may stay pending for arbitrary long if it emerges the transaction fee was too low. I have personally experienced a transaction from an fair seller using “wrong” wallet software timing out after seventy two hours (he did send me the funds later in a fresh transaction with fewer inputs and higher fee).

Money lost or stalled due to other technical issues – seldom an issue, but if using a “shitty” exchange it may happen.

Scams; mostly an issue if buying or selling bitcoins to random strangers without a decent escrow system in place. Some payment methods are also reversible (particularly credit card payments and paypal payments) or effortless to fraud..

Money laundring; lots of the money in circulation comes from criminal sources, and you may become suspected of money laundry. This may cause your funds to get frozen on centralized exchanges. This may cause troubles with law enforcement if trading peer-to-peer.

Outright robbery – may be a risk if doing cash trades (I’ve encountered some attempts on robbery myself when doing cash trades), especially when appointing meetings with random strangers in dark alleys, or if counting thicker amounts of cash on a public place with the wrong person watching.

Software bugs and malicious software; can you trust the wallet software, etc? How to tell that i.e. BitSquare does it’s job, without any severe bugs causing bitcoins to be lost?

Other answers here are focusing on the best or cheapest exchanges. I’ll skip that and attempt to make an overview of alternative market places:

Bitsquare

Bitsquare is a free and decentralized market place, it comes with a good escrow protection. It does have some drawbacks tho’:

  • I managed to buy bitcoins through a “same bank”-offer, using my local domestic bank account. However, I did need to know the SWIFT-code for my bank, and I did need to know how to convert an IBAN to a local account number. YMMV, but I think this is a bit too difficult for fairly a lot of people wanting to buy bitcoins.
  • It’s an application, not a web site – meaning you need to install special software to access it.
  • You can’t buy bitcoins without already possessing bitcoins – you will need to seed the application wallet with enough bitcoins to cover transaction fees and escrow deposit
  • As far as I can see, there is no way to do free-text communication with the seller there.
  • There is a max limit, you cannot do more than one BTC throuh one trade. (Personally I find this a weird limitation).

Bitsquare supports bank payments (including local currencies and local banks) and convertions to/from altcoins, as far as I can see cash is not an option there.

You will eventually need to cover banking fees, and the bitcoin transaction fees will be higher than normal due to the complexity of the escrow transactions.

The IRC channel #bitcoin-otc on freenode is also place where it’s possible to trade coins with no middleman taking commissions. I’ve never attempted it however.

Mycellium

The mycellium wallet (android) has a cash-transaction built-in marketplace which is (as for now) without any fees – but if it ever becomes popular, the Mycellium team may determine to smack a fee on it. During the last year, I’ve gotten close to zero trades through the Mycellium platform, so I’ve given it up.

LocalBitcoins

With a 1% fee (paid by the advertiser), LocalBitcoins.Com (LBC) is an unlikely candidate on this list – but still, the fee is not mandatory to pay, one can “sneak” away from it, without violating the ToS.

If you search for offers on LBC, you will most likely find that there is a relatively big gap inbetween the offers and bids. If you don’t need to buy bitcoins instantly, you can “turn the table” and put out your own “i buy bitcoin”-ad.

Telegram

On the telegram talk service there is a bot BTC_CHANGE_BOT. I haven’t tested it however, don’t even know if it has fee structures.

Is there any way to buy bitcoins online without a fee? Bitcoin Stack Exchange

Risks

No method are without risks.

Bankruptcy – as for the centralized exchanges this is most likely the thickest risk – one day you send money to the exchange, the next day the exchange is gone. It does happen from time to time.

Funds on a centralized exchange being frozen for other reasons. Your funds may be frozen for a multitude of reasons – it does happen from time to time.

Bitcoin transactions getting stuck. Not so much an issue when transferring from the thicker exchanges, but due to the block size issue a transaction may stay pending for arbitrary long if it emerges the transaction fee was too low. I have personally experienced a transaction from an fair seller using “wrong” wallet software timing out after seventy two hours (he did send me the funds later in a fresh transaction with fewer inputs and higher fee).

Money lost or stalled due to other technical issues – seldom an issue, but if using a “shitty” exchange it may happen.

Scams; mostly an issue if buying or selling bitcoins to random strangers without a decent escrow system in place. Some payment methods are also reversible (particularly credit card payments and paypal payments) or effortless to fraud..

Money laundring; lots of the money in circulation comes from criminal sources, and you may become suspected of money laundry. This may cause your funds to get frozen on centralized exchanges. This may cause troubles with law enforcement if trading peer-to-peer.

Outright robbery – may be a risk if doing cash trades (I’ve encountered some attempts on robbery myself when doing cash trades), especially when appointing meetings with random strangers in dark alleys, or if counting fatter amounts of cash on a public place with the wrong person watching.

Software bugs and malicious software; can you trust the wallet software, etc? How to tell that i.e. BitSquare does it’s job, without any severe bugs causing bitcoins to be lost?

Other answers here are focusing on the best or cheapest exchanges. I’ll skip that and attempt to make an overview of alternative market places:

Bitsquare

Bitsquare is a free and decentralized market place, it comes with a good escrow protection. It does have some drawbacks however:

  • I managed to buy bitcoins through a “same bank”-offer, using my local domestic bank account. However, I did need to know the SWIFT-code for my bank, and I did need to know how to convert an IBAN to a local account number. YMMV, but I think this is a bit too difficult for fairly a lot of people wanting to buy bitcoins.
  • It’s an application, not a web site – meaning you need to install special software to access it.
  • You can’t buy bitcoins without already wielding bitcoins – you will need to seed the application wallet with enough bitcoins to cover transaction fees and escrow deposit
  • As far as I can see, there is no way to do free-text communication with the seller there.
  • There is a max limit, you cannot do more than one BTC throuh one trade. (Personally I find this a weird limitation).

Bitsquare supports bank payments (including local currencies and local banks) and convertions to/from altcoins, as far as I can see cash is not an option there.

You will eventually need to cover banking fees, and the bitcoin transaction fees will be higher than normal due to the complexity of the escrow transactions.

The IRC channel #bitcoin-otc on freenode is also place where it’s possible to trade coins with no middleman taking commissions. I’ve never attempted it however.

Mycellium

The mycellium wallet (android) has a cash-transaction built-in marketplace which is (as for now) without any fees – but if it ever becomes popular, the Mycellium team may determine to spank a fee on it. During the last year, I’ve gotten close to zero trades through the Mycellium platform, so I’ve given it up.

LocalBitcoins

With a 1% fee (paid by the advertiser), LocalBitcoins.Com (LBC) is an unlikely candidate on this list – but still, the fee is not mandatory to pay, one can “sneak” away from it, without violating the ToS.

If you search for offers on LBC, you will most likely find that there is a relatively big gap inbetween the offers and bids. If you don’t need to buy bitcoins instantaneously, you can “turn the table” and put out your own “i buy bitcoin”-ad.

Telegram

On the telegram talk service there is a bot BTC_CHANGE_BOT. I haven’t tested it however, don’t even know if it has fee structures.

Is there any way to buy bitcoins online without a fee? Bitcoin Stack Exchange

Risks

No method are without risks.

Bankruptcy – as for the centralized exchanges this is very likely the thickest risk – one day you send money to the exchange, the next day the exchange is gone. It does happen from time to time.

Funds on a centralized exchange being frozen for other reasons. Your funds may be frozen for a multiplicity of reasons – it does happen from time to time.

Bitcoin transactions getting stuck. Not so much an issue when transferring from the thicker exchanges, but due to the block size issue a transaction may stay pending for arbitrary long if it shows up the transaction fee was too low. I have personally experienced a transaction from an fair seller using “wrong” wallet software timing out after seventy two hours (he did send me the funds later in a fresh transaction with fewer inputs and higher fee).

Money lost or stalled due to other technical issues – seldom an issue, but if using a “shitty” exchange it may happen.

Scams; mostly an issue if buying or selling bitcoins to random strangers without a decent escrow system in place. Some payment methods are also reversible (particularly credit card payments and paypal payments) or effortless to fraud..

Money laundring; lots of the money in circulation comes from criminal sources, and you may become suspected of money laundry. This may cause your funds to get frozen on centralized exchanges. This may cause troubles with law enforcement if trading peer-to-peer.

Outright robbery – may be a risk if doing cash trades (I’ve encountered some attempts on robbery myself when doing cash trades), especially when appointing meetings with random strangers in dark alleys, or if counting thicker amounts of cash on a public place with the wrong person watching.

Software bugs and malicious software; can you trust the wallet software, etc? How to tell that i.e. BitSquare does it’s job, without any severe bugs causing bitcoins to be lost?

Other answers here are focusing on the best or cheapest exchanges. I’ll skip that and attempt to make an overview of alternative market places:

Bitsquare

Bitsquare is a free and decentralized market place, it comes with a good escrow protection. It does have some drawbacks however:

  • I managed to buy bitcoins through a “same bank”-offer, using my local domestic bank account. However, I did need to know the SWIFT-code for my bank, and I did need to know how to convert an IBAN to a local account number. YMMV, but I think this is a bit too difficult for fairly a lot of people wanting to buy bitcoins.
  • It’s an application, not a web site – meaning you need to install special software to access it.
  • You can’t buy bitcoins without already wielding bitcoins – you will need to seed the application wallet with enough bitcoins to cover transaction fees and escrow deposit
  • As far as I can see, there is no way to do free-text communication with the seller there.
  • There is a max limit, you cannot do more than one BTC throuh one trade. (Personally I find this a weird limitation).

Bitsquare supports bank payments (including local currencies and local banks) and convertions to/from altcoins, as far as I can see cash is not an option there.

You will eventually need to cover banking fees, and the bitcoin transaction fees will be higher than normal due to the complexity of the escrow transactions.

The IRC channel #bitcoin-otc on freenode is also place where it’s possible to trade coins with no middleman taking commissions. I’ve never attempted it however.

Mycellium

The mycellium wallet (android) has a cash-transaction built-in marketplace which is (as for now) without any fees – but if it ever becomes popular, the Mycellium team may determine to smack a fee on it. During the last year, I’ve gotten close to zero trades through the Mycellium platform, so I’ve given it up.

LocalBitcoins

With a 1% fee (paid by the advertiser), LocalBitcoins.Com (LBC) is an unlikely candidate on this list – but still, the fee is not mandatory to pay, one can “sneak” away from it, without violating the ToS.

If you search for offers on LBC, you will most likely find that there is a relatively big gap inbetween the offers and bids. If you don’t need to buy bitcoins instantaneously, you can “turn the table” and put out your own “i buy bitcoin”-ad.

Telegram

On the telegram talk service there is a bot BTC_CHANGE_BOT. I haven’t tested it however, don’t even know if it has fee structures.

Is there any way to buy bitcoins online without a fee? Bitcoin Stack Exchange

Risks

No method are without risks.

Bankruptcy – as for the centralized exchanges this is most likely the thickest risk – one day you send money to the exchange, the next day the exchange is gone. It does happen from time to time.

Funds on a centralized exchange being frozen for other reasons. Your funds may be frozen for a multitude of reasons – it does happen from time to time.

Bitcoin transactions getting stuck. Not so much an issue when transferring from the thicker exchanges, but due to the block size issue a transaction may stay pending for arbitrary long if it emerges the transaction fee was too low. I have personally experienced a transaction from an fair seller using “wrong” wallet software timing out after seventy two hours (he did send me the funds later in a fresh transaction with fewer inputs and higher fee).

Money lost or stalled due to other technical issues – seldom an issue, but if using a “shitty” exchange it may happen.

Scams; mostly an issue if buying or selling bitcoins to random strangers without a decent escrow system in place. Some payment methods are also reversible (particularly credit card payments and paypal payments) or effortless to fraud..

Money laundring; lots of the money in circulation comes from criminal sources, and you may become suspected of money laundry. This may cause your funds to get frozen on centralized exchanges. This may cause troubles with law enforcement if trading peer-to-peer.

Outright robbery – may be a risk if doing cash trades (I’ve encountered some attempts on robbery myself when doing cash trades), especially when appointing meetings with random strangers in dark alleys, or if counting thicker amounts of cash on a public place with the wrong person watching.

Software bugs and malicious software; can you trust the wallet software, etc? How to tell that i.e. BitSquare does it’s job, without any severe bugs causing bitcoins to be lost?

Other answers here are focusing on the best or cheapest exchanges. I’ll skip that and attempt to make an overview of alternative market places:

Bitsquare

Bitsquare is a free and decentralized market place, it comes with a good escrow protection. It does have some drawbacks however:

  • I managed to buy bitcoins through a “same bank”-offer, using my local domestic bank account. However, I did need to know the SWIFT-code for my bank, and I did need to know how to convert an IBAN to a local account number. YMMV, but I think this is a bit too difficult for fairly a lot of people wanting to buy bitcoins.
  • It’s an application, not a web site – meaning you need to install special software to access it.
  • You can’t buy bitcoins without already wielding bitcoins – you will need to seed the application wallet with enough bitcoins to cover transaction fees and escrow deposit
  • As far as I can see, there is no way to do free-text communication with the seller there.
  • There is a max limit, you cannot do more than one BTC throuh one trade. (Personally I find this a weird limitation).

Bitsquare supports bank payments (including local currencies and local banks) and convertions to/from altcoins, as far as I can see cash is not an option there.

You will eventually need to cover banking fees, and the bitcoin transaction fees will be higher than normal due to the complexity of the escrow transactions.

The IRC channel #bitcoin-otc on freenode is also place where it’s possible to trade coins with no middleman taking commissions. I’ve never attempted it tho’.

Mycellium

The mycellium wallet (android) has a cash-transaction built-in marketplace which is (as for now) without any fees – but if it ever becomes popular, the Mycellium team may determine to spank a fee on it. During the last year, I’ve gotten close to zero trades through the Mycellium platform, so I’ve given it up.

LocalBitcoins

With a 1% fee (paid by the advertiser), LocalBitcoins.Com (LBC) is an unlikely candidate on this list – but still, the fee is not mandatory to pay, one can “sneak” away from it, without violating the ToS.

If you search for offers on LBC, you will most likely find that there is a relatively big gap inbetween the offers and bids. If you don’t need to buy bitcoins instantaneously, you can “turn the table” and put out your own “i buy bitcoin”-ad.

Telegram

On the telegram talk service there is a bot BTC_CHANGE_BOT. I haven’t tested it tho’, don’t even know if it has fee structures.

Is there any way to buy bitcoins online without a fee? Bitcoin Stack Exchange

Risks

No method are without risks.

Bankruptcy – as for the centralized exchanges this is very likely the largest risk – one day you send money to the exchange, the next day the exchange is gone. It does happen from time to time.

Funds on a centralized exchange being frozen for other reasons. Your funds may be frozen for a multiplicity of reasons – it does happen from time to time.

Bitcoin transactions getting stuck. Not so much an issue when transferring from the fatter exchanges, but due to the block size issue a transaction may stay pending for arbitrary long if it emerges the transaction fee was too low. I have personally experienced a transaction from an fair seller using “wrong” wallet software timing out after seventy two hours (he did send me the funds later in a fresh transaction with fewer inputs and higher fee).

Money lost or stalled due to other technical issues – seldom an issue, but if using a “shitty” exchange it may happen.

Scams; mostly an issue if buying or selling bitcoins to random strangers without a decent escrow system in place. Some payment methods are also reversible (particularly credit card payments and paypal payments) or effortless to fraud..

Money laundring; lots of the money in circulation comes from criminal sources, and you may become suspected of money laundry. This may cause your funds to get frozen on centralized exchanges. This may cause troubles with law enforcement if trading peer-to-peer.

Outright robbery – may be a risk if doing cash trades (I’ve encountered some attempts on robbery myself when doing cash trades), especially when appointing meetings with random strangers in dark alleys, or if counting thicker amounts of cash on a public place with the wrong person watching.

Software bugs and malicious software; can you trust the wallet software, etc? How to tell that i.e. BitSquare does it’s job, without any severe bugs causing bitcoins to be lost?

Other answers here are focusing on the best or cheapest exchanges. I’ll skip that and attempt to make an overview of alternative market places:

Bitsquare

Bitsquare is a free and decentralized market place, it comes with a good escrow protection. It does have some drawbacks however:

  • I managed to buy bitcoins through a “same bank”-offer, using my local domestic bank account. However, I did need to know the SWIFT-code for my bank, and I did need to know how to convert an IBAN to a local account number. YMMV, but I think this is a bit too difficult for fairly a lot of people wanting to buy bitcoins.
  • It’s an application, not a web site – meaning you need to install special software to access it.
  • You can’t buy bitcoins without already wielding bitcoins – you will need to seed the application wallet with enough bitcoins to cover transaction fees and escrow deposit
  • As far as I can see, there is no way to do free-text communication with the seller there.
  • There is a max limit, you cannot do more than one BTC throuh one trade. (Personally I find this a weird limitation).

Bitsquare supports bank payments (including local currencies and local banks) and convertions to/from altcoins, as far as I can see cash is not an option there.

You will eventually need to cover banking fees, and the bitcoin transaction fees will be higher than normal due to the complexity of the escrow transactions.

The IRC channel #bitcoin-otc on freenode is also place where it’s possible to trade coins with no middleman taking commissions. I’ve never attempted it tho’.

Mycellium

The mycellium wallet (android) has a cash-transaction built-in marketplace which is (as for now) without any fees – but if it ever becomes popular, the Mycellium team may determine to spank a fee on it. During the last year, I’ve gotten close to zero trades through the Mycellium platform, so I’ve given it up.

LocalBitcoins

With a 1% fee (paid by the advertiser), LocalBitcoins.Com (LBC) is an unlikely candidate on this list – but still, the fee is not mandatory to pay, one can “sneak” away from it, without violating the ToS.

If you search for offers on LBC, you will most likely find that there is a relatively big gap inbetween the offers and bids. If you don’t need to buy bitcoins instantly, you can “turn the table” and put out your own “i buy bitcoin”-ad.

Telegram

On the telegram talk service there is a bot BTC_CHANGE_BOT. I haven’t tested it tho’, don’t even know if it has fee structures.

Is there any way to buy bitcoins online without a fee? Bitcoin Stack Exchange

Risks

No method are without risks.

Bankruptcy – as for the centralized exchanges this is most likely the largest risk – one day you send money to the exchange, the next day the exchange is gone. It does happen from time to time.

Funds on a centralized exchange being frozen for other reasons. Your funds may be frozen for a multitude of reasons – it does happen from time to time.

Bitcoin transactions getting stuck. Not so much an issue when transferring from the fatter exchanges, but due to the block size issue a transaction may stay pending for arbitrary long if it shows up the transaction fee was too low. I have personally experienced a transaction from an fair seller using “wrong” wallet software timing out after seventy two hours (he did send me the funds later in a fresh transaction with fewer inputs and higher fee).

Money lost or stalled due to other technical issues – seldom an issue, but if using a “shitty” exchange it may happen.

Scams; mostly an issue if buying or selling bitcoins to random strangers without a decent escrow system in place. Some payment methods are also reversible (particularly credit card payments and paypal payments) or effortless to fraud..

Money laundring; lots of the money in circulation comes from criminal sources, and you may become suspected of money laundry. This may cause your funds to get frozen on centralized exchanges. This may cause troubles with law enforcement if trading peer-to-peer.

Outright robbery – may be a risk if doing cash trades (I’ve encountered some attempts on robbery myself when doing cash trades), especially when appointing meetings with random strangers in dark alleys, or if counting thicker amounts of cash on a public place with the wrong person watching.

Software bugs and malicious software; can you trust the wallet software, etc? How to tell that i.e. BitSquare does it’s job, without any severe bugs causing bitcoins to be lost?

Other answers here are focusing on the best or cheapest exchanges. I’ll skip that and attempt to make an overview of alternative market places:

Bitsquare

Bitsquare is a free and decentralized market place, it comes with a good escrow protection. It does have some drawbacks tho’:

  • I managed to buy bitcoins through a “same bank”-offer, using my local domestic bank account. However, I did need to know the SWIFT-code for my bank, and I did need to know how to convert an IBAN to a local account number. YMMV, but I think this is a bit too difficult for fairly a lot of people wanting to buy bitcoins.
  • It’s an application, not a web site – meaning you need to install special software to access it.
  • You can’t buy bitcoins without already possessing bitcoins – you will need to seed the application wallet with enough bitcoins to cover transaction fees and escrow deposit
  • As far as I can see, there is no way to do free-text communication with the seller there.
  • There is a max limit, you cannot do more than one BTC throuh one trade. (Personally I find this a weird limitation).

Bitsquare supports bank payments (including local currencies and local banks) and convertions to/from altcoins, as far as I can see cash is not an option there.

You will eventually need to cover banking fees, and the bitcoin transaction fees will be higher than normal due to the complexity of the escrow transactions.

The IRC channel #bitcoin-otc on freenode is also place where it’s possible to trade coins with no middleman taking commissions. I’ve never attempted it however.

Mycellium

The mycellium wallet (android) has a cash-transaction built-in marketplace which is (as for now) without any fees – but if it ever becomes popular, the Mycellium team may determine to spank a fee on it. During the last year, I’ve gotten close to zero trades through the Mycellium platform, so I’ve given it up.

LocalBitcoins

With a 1% fee (paid by the advertiser), LocalBitcoins.Com (LBC) is an unlikely candidate on this list – but still, the fee is not mandatory to pay, one can “sneak” away from it, without violating the ToS.

If you search for offers on LBC, you will most likely find that there is a relatively big gap inbetween the offers and bids. If you don’t need to buy bitcoins instantly, you can “turn the table” and put out your own “i buy bitcoin”-ad.

Telegram

On the telegram talk service there is a bot BTC_CHANGE_BOT. I haven’t tested it tho’, don’t even know if it has fee structures.

Is there any way to buy bitcoins online without a fee? Bitcoin Stack Exchange

Risks

No method are without risks.

Bankruptcy – as for the centralized exchanges this is most likely the largest risk – one day you send money to the exchange, the next day the exchange is gone. It does happen from time to time.

Funds on a centralized exchange being frozen for other reasons. Your funds may be frozen for a multitude of reasons – it does happen from time to time.

Bitcoin transactions getting stuck. Not so much an issue when transferring from the fatter exchanges, but due to the block size issue a transaction may stay pending for arbitrary long if it shows up the transaction fee was too low. I have personally experienced a transaction from an fair seller using “wrong” wallet software timing out after seventy two hours (he did send me the funds later in a fresh transaction with fewer inputs and higher fee).

Money lost or stalled due to other technical issues – seldom an issue, but if using a “shitty” exchange it may happen.

Scams; mostly an issue if buying or selling bitcoins to random strangers without a decent escrow system in place. Some payment methods are also reversible (particularly credit card payments and paypal payments) or effortless to fraud..

Money laundring; lots of the money in circulation comes from criminal sources, and you may become suspected of money laundry. This may cause your funds to get frozen on centralized exchanges. This may cause troubles with law enforcement if trading peer-to-peer.

Outright robbery – may be a risk if doing cash trades (I’ve encountered some attempts on robbery myself when doing cash trades), especially when appointing meetings with random strangers in dark alleys, or if counting thicker amounts of cash on a public place with the wrong person watching.

Software bugs and malicious software; can you trust the wallet software, etc? How to tell that i.e. BitSquare does it’s job, without any severe bugs causing bitcoins to be lost?

Other answers here are focusing on the best or cheapest exchanges. I’ll skip that and attempt to make an overview of alternative market places:

Bitsquare

Bitsquare is a free and decentralized market place, it comes with a good escrow protection. It does have some drawbacks tho’:

  • I managed to buy bitcoins through a “same bank”-offer, using my local domestic bank account. However, I did need to know the SWIFT-code for my bank, and I did need to know how to convert an IBAN to a local account number. YMMV, but I think this is a bit too difficult for fairly a lot of people wanting to buy bitcoins.
  • It’s an application, not a web site – meaning you need to install special software to access it.
  • You can’t buy bitcoins without already wielding bitcoins – you will need to seed the application wallet with enough bitcoins to cover transaction fees and escrow deposit
  • As far as I can see, there is no way to do free-text communication with the seller there.
  • There is a max limit, you cannot do more than one BTC throuh one trade. (Personally I find this a weird limitation).

Bitsquare supports bank payments (including local currencies and local banks) and convertions to/from altcoins, as far as I can see cash is not an option there.

You will eventually need to cover banking fees, and the bitcoin transaction fees will be higher than normal due to the complexity of the escrow transactions.

The IRC channel #bitcoin-otc on freenode is also place where it’s possible to trade coins with no middleman taking commissions. I’ve never attempted it tho’.

Mycellium

The mycellium wallet (android) has a cash-transaction built-in marketplace which is (as for now) without any fees – but if it ever becomes popular, the Mycellium team may determine to smack a fee on it. During the last year, I’ve gotten close to zero trades through the Mycellium platform, so I’ve given it up.

LocalBitcoins

With a 1% fee (paid by the advertiser), LocalBitcoins.Com (LBC) is an unlikely candidate on this list – but still, the fee is not mandatory to pay, one can “sneak” away from it, without violating the ToS.

If you search for offers on LBC, you will most likely find that there is a relatively big gap inbetween the offers and bids. If you don’t need to buy bitcoins instantly, you can “turn the table” and put out your own “i buy bitcoin”-ad.

Telegram

On the telegram talk service there is a bot BTC_CHANGE_BOT. I haven’t tested it tho’, don’t even know if it has fee structures.

Is there any way to buy bitcoins online without a fee? Bitcoin Stack Exchange

Risks

No method are without risks.

Bankruptcy – as for the centralized exchanges this is very likely the fattest risk – one day you send money to the exchange, the next day the exchange is gone. It does happen from time to time.

Funds on a centralized exchange being frozen for other reasons. Your funds may be frozen for a diversity of reasons – it does happen from time to time.

Bitcoin transactions getting stuck. Not so much an issue when transferring from the thicker exchanges, but due to the block size issue a transaction may stay pending for arbitrary long if it emerges the transaction fee was too low. I have personally experienced a transaction from an fair seller using “wrong” wallet software timing out after seventy two hours (he did send me the funds later in a fresh transaction with fewer inputs and higher fee).

Money lost or stalled due to other technical issues – seldom an issue, but if using a “shitty” exchange it may happen.

Scams; mostly an issue if buying or selling bitcoins to random strangers without a decent escrow system in place. Some payment methods are also reversible (particularly credit card payments and paypal payments) or effortless to fraud..

Money laundring; lots of the money in circulation comes from criminal sources, and you may become suspected of money laundry. This may cause your funds to get frozen on centralized exchanges. This may cause troubles with law enforcement if trading peer-to-peer.

Outright robbery – may be a risk if doing cash trades (I’ve encountered some attempts on robbery myself when doing cash trades), especially when appointing meetings with random strangers in dark alleys, or if counting fatter amounts of cash on a public place with the wrong person watching.

Software bugs and malicious software; can you trust the wallet software, etc? How to tell that i.e. BitSquare does it’s job, without any severe bugs causing bitcoins to be lost?

Other answers here are focusing on the best or cheapest exchanges. I’ll skip that and attempt to make an overview of alternative market places:

Bitsquare

Bitsquare is a free and decentralized market place, it comes with a good escrow protection. It does have some drawbacks tho’:

  • I managed to buy bitcoins through a “same bank”-offer, using my local domestic bank account. However, I did need to know the SWIFT-code for my bank, and I did need to know how to convert an IBAN to a local account number. YMMV, but I think this is a bit too difficult for fairly a lot of people wanting to buy bitcoins.
  • It’s an application, not a web site – meaning you need to install special software to access it.
  • You can’t buy bitcoins without already wielding bitcoins – you will need to seed the application wallet with enough bitcoins to cover transaction fees and escrow deposit
  • As far as I can see, there is no way to do free-text communication with the seller there.
  • There is a max limit, you cannot do more than one BTC throuh one trade. (Personally I find this a weird limitation).

Bitsquare supports bank payments (including local currencies and local banks) and convertions to/from altcoins, as far as I can see cash is not an option there.

You will eventually need to cover banking fees, and the bitcoin transaction fees will be higher than normal due to the complexity of the escrow transactions.

The IRC channel #bitcoin-otc on freenode is also place where it’s possible to trade coins with no middleman taking commissions. I’ve never attempted it tho’.

Mycellium

The mycellium wallet (android) has a cash-transaction built-in marketplace which is (as for now) without any fees – but if it ever becomes popular, the Mycellium team may determine to smack a fee on it. During the last year, I’ve gotten close to zero trades through the Mycellium platform, so I’ve given it up.

LocalBitcoins

With a 1% fee (paid by the advertiser), LocalBitcoins.Com (LBC) is an unlikely candidate on this list – but still, the fee is not mandatory to pay, one can “sneak” away from it, without violating the ToS.

If you search for offers on LBC, you will most likely find that there is a relatively big gap inbetween the offers and bids. If you don’t need to buy bitcoins instantly, you can “turn the table” and put out your own “i buy bitcoin”-ad.

Telegram

On the telegram talk service there is a bot BTC_CHANGE_BOT. I haven’t tested it tho’, don’t even know if it has fee structures.

Is there any way to buy bitcoins online without a fee? Bitcoin Stack Exchange

Risks

No method are without risks.

Bankruptcy – as for the centralized exchanges this is most likely the thickest risk – one day you send money to the exchange, the next day the exchange is gone. It does happen from time to time.

Funds on a centralized exchange being frozen for other reasons. Your funds may be frozen for a diversity of reasons – it does happen from time to time.

Bitcoin transactions getting stuck. Not so much an issue when transferring from the thicker exchanges, but due to the block size issue a transaction may stay pending for arbitrary long if it shows up the transaction fee was too low. I have personally experienced a transaction from an fair seller using “wrong” wallet software timing out after seventy two hours (he did send me the funds later in a fresh transaction with fewer inputs and higher fee).

Money lost or stalled due to other technical issues – seldom an issue, but if using a “shitty” exchange it may happen.

Scams; mostly an issue if buying or selling bitcoins to random strangers without a decent escrow system in place. Some payment methods are also reversible (particularly credit card payments and paypal payments) or effortless to fraud..

Money laundring; lots of the money in circulation comes from criminal sources, and you may become suspected of money laundry. This may cause your funds to get frozen on centralized exchanges. This may cause troubles with law enforcement if trading peer-to-peer.

Outright robbery – may be a risk if doing cash trades (I’ve encountered some attempts on robbery myself when doing cash trades), especially when appointing meetings with random strangers in dark alleys, or if counting fatter amounts of cash on a public place with the wrong person watching.

Software bugs and malicious software; can you trust the wallet software, etc? How to tell that i.e. BitSquare does it’s job, without any severe bugs causing bitcoins to be lost?

Other answers here are focusing on the best or cheapest exchanges. I’ll skip that and attempt to make an overview of alternative market places:

Bitsquare

Bitsquare is a free and decentralized market place, it comes with a good escrow protection. It does have some drawbacks tho’:

  • I managed to buy bitcoins through a “same bank”-offer, using my local domestic bank account. However, I did need to know the SWIFT-code for my bank, and I did need to know how to convert an IBAN to a local account number. YMMV, but I think this is a bit too difficult for fairly a lot of people wanting to buy bitcoins.
  • It’s an application, not a web site – meaning you need to install special software to access it.
  • You can’t buy bitcoins without already possessing bitcoins – you will need to seed the application wallet with enough bitcoins to cover transaction fees and escrow deposit
  • As far as I can see, there is no way to do free-text communication with the seller there.
  • There is a max limit, you cannot do more than one BTC throuh one trade. (Personally I find this a weird limitation).

Bitsquare supports bank payments (including local currencies and local banks) and convertions to/from altcoins, as far as I can see cash is not an option there.

You will eventually need to cover banking fees, and the bitcoin transaction fees will be higher than normal due to the complexity of the escrow transactions.

The IRC channel #bitcoin-otc on freenode is also place where it’s possible to trade coins with no middleman taking commissions. I’ve never attempted it tho’.

Mycellium

The mycellium wallet (android) has a cash-transaction built-in marketplace which is (as for now) without any fees – but if it ever becomes popular, the Mycellium team may determine to smack a fee on it. During the last year, I’ve gotten close to zero trades through the Mycellium platform, so I’ve given it up.

LocalBitcoins

With a 1% fee (paid by the advertiser), LocalBitcoins.Com (LBC) is an unlikely candidate on this list – but still, the fee is not mandatory to pay, one can “sneak” away from it, without violating the ToS.

If you search for offers on LBC, you will most likely find that there is a relatively big gap inbetween the offers and bids. If you don’t need to buy bitcoins instantaneously, you can “turn the table” and put out your own “i buy bitcoin”-ad.

Telegram

On the telegram talk service there is a bot BTC_CHANGE_BOT. I haven’t tested it tho’, don’t even know if it has fee structures.

Is there any way to buy bitcoins online without a fee? Bitcoin Stack Exchange

Risks

No method are without risks.

Bankruptcy – as for the centralized exchanges this is very likely the largest risk – one day you send money to the exchange, the next day the exchange is gone. It does happen from time to time.

Funds on a centralized exchange being frozen for other reasons. Your funds may be frozen for a diversity of reasons – it does happen from time to time.

Bitcoin transactions getting stuck. Not so much an issue when transferring from the thicker exchanges, but due to the block size issue a transaction may stay pending for arbitrary long if it shows up the transaction fee was too low. I have personally experienced a transaction from an fair seller using “wrong” wallet software timing out after seventy two hours (he did send me the funds later in a fresh transaction with fewer inputs and higher fee).

Money lost or stalled due to other technical issues – seldom an issue, but if using a “shitty” exchange it may happen.

Scams; mostly an issue if buying or selling bitcoins to random strangers without a decent escrow system in place. Some payment methods are also reversible (particularly credit card payments and paypal payments) or effortless to fraud..

Money laundring; lots of the money in circulation comes from criminal sources, and you may become suspected of money laundry. This may cause your funds to get frozen on centralized exchanges. This may cause troubles with law enforcement if trading peer-to-peer.

Outright robbery – may be a risk if doing cash trades (I’ve encountered some attempts on robbery myself when doing cash trades), especially when appointing meetings with random strangers in dark alleys, or if counting thicker amounts of cash on a public place with the wrong person watching.

Software bugs and malicious software; can you trust the wallet software, etc? How to tell that i.e. BitSquare does it’s job, without any severe bugs causing bitcoins to be lost?

Other answers here are focusing on the best or cheapest exchanges. I’ll skip that and attempt to make an overview of alternative market places:

Bitsquare

Bitsquare is a free and decentralized market place, it comes with a good escrow protection. It does have some drawbacks however:

  • I managed to buy bitcoins through a “same bank”-offer, using my local domestic bank account. However, I did need to know the SWIFT-code for my bank, and I did need to know how to convert an IBAN to a local account number. YMMV, but I think this is a bit too difficult for fairly a lot of people wanting to buy bitcoins.
  • It’s an application, not a web site – meaning you need to install special software to access it.
  • You can’t buy bitcoins without already possessing bitcoins – you will need to seed the application wallet with enough bitcoins to cover transaction fees and escrow deposit
  • As far as I can see, there is no way to do free-text communication with the seller there.
  • There is a max limit, you cannot do more than one BTC throuh one trade. (Personally I find this a weird limitation).

Bitsquare supports bank payments (including local currencies and local banks) and convertions to/from altcoins, as far as I can see cash is not an option there.

You will eventually need to cover banking fees, and the bitcoin transaction fees will be higher than normal due to the complexity of the escrow transactions.

The IRC channel #bitcoin-otc on freenode is also place where it’s possible to trade coins with no middleman taking commissions. I’ve never attempted it tho’.

Mycellium

The mycellium wallet (android) has a cash-transaction built-in marketplace which is (as for now) without any fees – but if it ever becomes popular, the Mycellium team may determine to spank a fee on it. During the last year, I’ve gotten close to zero trades through the Mycellium platform, so I’ve given it up.

LocalBitcoins

With a 1% fee (paid by the advertiser), LocalBitcoins.Com (LBC) is an unlikely candidate on this list – but still, the fee is not mandatory to pay, one can “sneak” away from it, without violating the ToS.

If you search for offers on LBC, you will most likely find that there is a relatively big gap inbetween the offers and bids. If you don’t need to buy bitcoins instantly, you can “turn the table” and put out your own “i buy bitcoin”-ad.

Telegram

On the telegram talk service there is a bot BTC_CHANGE_BOT. I haven’t tested it tho’, don’t even know if it has fee structures.

Is there any way to buy bitcoins online without a fee? Bitcoin Stack Exchange

Risks

No method are without risks.

Bankruptcy – as for the centralized exchanges this is very likely the thickest risk – one day you send money to the exchange, the next day the exchange is gone. It does happen from time to time.

Funds on a centralized exchange being frozen for other reasons. Your funds may be frozen for a diversity of reasons – it does happen from time to time.

Bitcoin transactions getting stuck. Not so much an issue when transferring from the thicker exchanges, but due to the block size issue a transaction may stay pending for arbitrary long if it emerges the transaction fee was too low. I have personally experienced a transaction from an fair seller using “wrong” wallet software timing out after seventy two hours (he did send me the funds later in a fresh transaction with fewer inputs and higher fee).

Money lost or stalled due to other technical issues – seldom an issue, but if using a “shitty” exchange it may happen.

Scams; mostly an issue if buying or selling bitcoins to random strangers without a decent escrow system in place. Some payment methods are also reversible (particularly credit card payments and paypal payments) or effortless to fraud..

Money laundring; lots of the money in circulation comes from criminal sources, and you may become suspected of money laundry. This may cause your funds to get frozen on centralized exchanges. This may cause troubles with law enforcement if trading peer-to-peer.

Outright robbery – may be a risk if doing cash trades (I’ve encountered some attempts on robbery myself when doing cash trades), especially when appointing meetings with random strangers in dark alleys, or if counting thicker amounts of cash on a public place with the wrong person watching.

Software bugs and malicious software; can you trust the wallet software, etc? How to tell that i.e. BitSquare does it’s job, without any severe bugs causing bitcoins to be lost?

Other answers here are focusing on the best or cheapest exchanges. I’ll skip that and attempt to make an overview of alternative market places:

Bitsquare

Bitsquare is a free and decentralized market place, it comes with a good escrow protection. It does have some drawbacks however:

  • I managed to buy bitcoins through a “same bank”-offer, using my local domestic bank account. However, I did need to know the SWIFT-code for my bank, and I did need to know how to convert an IBAN to a local account number. YMMV, but I think this is a bit too difficult for fairly a lot of people wanting to buy bitcoins.
  • It’s an application, not a web site – meaning you need to install special software to access it.
  • You can’t buy bitcoins without already wielding bitcoins – you will need to seed the application wallet with enough bitcoins to cover transaction fees and escrow deposit
  • As far as I can see, there is no way to do free-text communication with the seller there.
  • There is a max limit, you cannot do more than one BTC throuh one trade. (Personally I find this a weird limitation).

Bitsquare supports bank payments (including local currencies and local banks) and convertions to/from altcoins, as far as I can see cash is not an option there.

You will eventually need to cover banking fees, and the bitcoin transaction fees will be higher than normal due to the complexity of the escrow transactions.

The IRC channel #bitcoin-otc on freenode is also place where it’s possible to trade coins with no middleman taking commissions. I’ve never attempted it tho’.

Mycellium

The mycellium wallet (android) has a cash-transaction built-in marketplace which is (as for now) without any fees – but if it ever becomes popular, the Mycellium team may determine to smack a fee on it. During the last year, I’ve gotten close to zero trades through the Mycellium platform, so I’ve given it up.

LocalBitcoins

With a 1% fee (paid by the advertiser), LocalBitcoins.Com (LBC) is an unlikely candidate on this list – but still, the fee is not mandatory to pay, one can “sneak” away from it, without violating the ToS.

If you search for offers on LBC, you will most likely find that there is a relatively big gap inbetween the offers and bids. If you don’t need to buy bitcoins instantly, you can “turn the table” and put out your own “i buy bitcoin”-ad.

Telegram

On the telegram talk service there is a bot BTC_CHANGE_BOT. I haven’t tested it however, don’t even know if it has fee structures.

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