Where to buy FTC?

Antedeus

I wasn’t sure whether to ask this question in the FeatherCoin General, or the Newbie section. But, since I’m a noob, and this is probably a very noob question, I figure I’ll put it here.

Anyways, does anyone know if and where I can buy FTC with USD?

Thanks in advance.

aysyr

This thread might give you an idea

http://forum.feathercoin.com/index.php?topic=289.0

I personally haven’t bought any crypto, as I found it more worthwhile to mine it (and more fun). I also could never find a way to get USD into an exchange in one step. Anyways hopefully that thread can help and you can also just add to the discussion if you have more questions :)

Welcome to the forums by the way! Nice to have you

[quote name=“Antedeus” post=“1660” timestamp=“1368064778”]
I wasn’t sure whether to ask this question in the FeatherCoin General, or the Newbie section. But, since I’m a noob, and this is probably a very noob question, I figure I’ll put it here.

Anyways, does anyone know if and where I can buy FTC with USD?

Thanks in advance.
[/quote]

It’s going to be pretty hard to do at the moment.

If I were you what I would do is open an account at www.mtgox.com (that will probably take 1-2 weeks) and wait for Mt. Gox to list it on there exchange (which should be in a week or so according to them) and you will be able to make your purchase there.

To fund the accoount you can go to www.bitinstant.com and pay a small 4% fee they give you. and take the code that they give you to a Wal-mart or CVS etc… Then that money gets sent to your Mt. Gox account you opened.

It would be easier to just go ahead and set up at least one account with an Exchange (Mt. Gox ot whoever) it will make buying and selling much faster and easier.

Here’s a tutorial video on how bitinstant works http://vimeo.com/44849463

I know this isn’t purchasing in cash but it’s the easiest sorta-cash purchase I know how to do. Anything else would be even more difficult. IMHO

aysyr

Mtgox announced FTC to go on their exchange? As far as I know they didn’t even have an estimation for LTC o.o

Dang that was LTC, I’m sorry. I got my abbreviations screwed up. :-[
They may as well go ahead and add this one to I feel with how it’s catching on it will be listed there shortly.

It’s been a long day and I was only trying to help out. I’ll keep my mouth shut for the rest of the evening. Resume your regularly scheduled activities. :-X

Antedeus

Thank you all for the replies. It doesn’t seem as straight forward as I thought it would be. I was looking into [url=http://www.vircurex.com]www.vircurex.com[/url], and from what I can tell, you can buy/sell FTC for USD, but have to use an intermediary (AurumXchange) in order to fund your vircurex account. It seems similar to the procedure ratm69 described for mtgox. However, it does appear that vircurex does allow FTC purchases and sales now.

It seems a business opportunity exists for crypto currency purchases with credit/debit cards… Hmmmmm, must get coding!

DeadZebra

http://btc-e.com

afterglowlee

Yeah, you can do that on BTC-e.com. I don’t think mt.gox will have FTC exchange in the near future.

summatix

Turning USD into anything is troublesome due to the nature of USD and the regulation within the USA. I’m assuming you’re in the USA. Outside of the US there actually tends to be more options. You can use Mt.Gox or BTC-E. Transfer money in using Dwolla or Bitinstant. Alternatively, you can usually find people on LocalBitcoins to do cash in hand deals. Other avenues also exist to purchase cryptocurrency from individuals directly.

Your only option at this stage is to purchase bitcoin, and then trade bitcoin for FTC. The process will become easier as more infrastructure for Feathercoin is developed.

Personally I’ve never actually used USD to purchase cryptocurrency - I mostly deal with AUD and EUR, which are far easier to work with.

Serigala

Hi,

I normally buy BTC first from Bitstamp, then transfer them to BTC-E trading exchange.
You can buy many other virtual currency like LTC, FTC, CNC.

I also find trading between these virtual currency can do good sometimes.
I like the idea buy and selling. Great community and helps from trollchat box :)
Have fun and learning new things everyday.

Enjoy.
Serigala

thefendall

I know for many new people to crypto, it is a hard start to get in. I actually started trading 6 months ago (not FTC) by first buying coins on ebay, then I could send them anywhere and trade while I waited for accounts to setup… for bank transfers etc… I have noticed a number of sellers selling FTC on ebay. Its good to see as its free marketing and a somewhat regulated way to get it, although at a premium. Now I use a combination of exchanges to move it where I want it.

anyways hope that helps

Tuck Fheman

1. [url=http://www.Coinbase.com]www.Coinbase.com[/url] and verify a bank account (2-5 days) to make deposit.
2. Buy Bitcoin via Coinbase.
3. Transfer Bitcoin to [url=http://www.BTC-e.com]www.BTC-e.com[/url] or any other exchange you prefer.
4. Buy Feathercoin with Bitcoin

This is basically what I did for Litecoin.

ShadowEW

I tried to make a Dwolla account, then it got locked down because I’m not in the USA :P
I’ve found it’s even more difficult to get money in most trading sites if you’re not in the USA. It’s not impossible, but it’s not easy.

lowlevel

I bought some on VirCurEx.com for USD… though, not a lot of volume there yet…

summatix

[quote name=“ShadowEW” post=“2063” timestamp=“1368174642”]
I tried to make a Dwolla account, then it got locked down because I’m not in the USA :P
I’ve found it’s even more difficult to get money in most trading sites if you’re not in the USA. It’s not impossible, but it’s not easy.
[/quote]

Yes, they closed down my Dwolla account too, even though I was using a US bank account. Getting money into exchanges is easy when you’re dealing with larger amounts of cash ($50k+), but for most people dealing with much smaller transactions, many hoops need to be jumped through so it’s not even worth the effort. Just buy using other means.

Fernandez

It must be frustrating right now - seeing FeatherCoins so cheap and not being able to buy.

ShadowEW

[quote name=“Fernandez” post=“2402” timestamp=“1368255135”]
It must be frustrating right now - seeing FeatherCoins so cheap and not being able to buy.
[/quote]
Yay and nay, aslong as I break even if not in it for generating money (yet :P)

[quote author=summatix link=topic=309.msg2389#msg2389 date=1368249062]
[quote author=ShadowEW link=topic=309.msg2063#msg2063 date=1368174642]
I tried to make a Dwolla account, then it got locked down because I’m not in the USA :P
I’ve found it’s even more difficult to get money in most trading sites if you’re not in the USA. It’s not impossible, but it’s not easy.
[/quote]

Yes, they closed down my Dwolla account too, even though I was using a US bank account. Getting money into exchanges is easy when you’re dealing with larger amounts of cash ($50k+), but for most people dealing with much smaller transactions, many hoops need to be jumped through so it’s not even worth the effort. Just buy using other means.
[/quote]

Yeah, unfortunately this also cuts off a lot of people who’d like to try and dabble in the coin, it won’t hit this ‘public’ till a way can be found to purchase very small amounts without being crippled by the fees.