Bitcoin and other cryptocurrencies are for the unbanked – and those who’d like to become unbanked.
Some say getting your hands on the bits is hard. That may be true, but it’s getting easier all the time. About nine times easier as of today:
1. Wall of Coins – Set your zipcode, indicate how much you want to buy, and provide your cell phone number. Wall of Coins then texts you a password. You enter the password on their website, which confirms you order. You then have three hours to deposit your cash into the bank account of the seller.
Text a confirmation code back to Wall of Coins once you’ve made your deposit and your coins will be released to you from their escrow.
2. Local Bitcoins – If it’s a payment method, you’ll find it on Local Bitcoins: PayPal, SEPA transfer, Western Union, meet-in-person, cash in the mail, wire transfer, even trade-for-bus-pass. Be sure to check the reputation rating of a seller before agreeing on a transaction. Local Bitcoins acts as an escrow agent.
3. LibertyX – Reportedly available at 2,500+ convenience stores in North America, LibertyX will sell you your first US$1,000 in