How does buying with bitcoin work exactly?

[Tigertank557]

I know that when you buy on here with bitcoin you have to send your coin and all that stuff to the address of your guy. But it says it takes a few days for the bitcoin to be deposited in your account, what happens if bitcoin goes down 10% of the value
So your 200 in bitcoin for your order is now only 180? Is that correct
Sorry I’m a noob iv only bought through western union
Thanks too anyone who helps

 

[Checkmatelabs]

Tigertank557" pid='17523' dateline='1529561059:

I know that when you buy on here with bitcoin you have to send your coin and all that stuff to the address of your guy. But it says it takes a few days for the bitcoin to be deposited in your account, what happens if bitcoin goes down 10% of the value
So your 200 in bitcoin for your order is now only 180? Is that correct
Sorry I’m a noob iv only bought through western union
Thanks too anyone who helps

Yes. You are responsible to make up the difference due to the wild swings in the market. Best to buy 10-15% more and just hope it goes up.

 

[DNPstoney]

Tigertank557" pid='17523' dateline='1529561059:

I know that when you buy on here with bitcoin you have to send your coin and all that stuff to the address of your guy. But it says it takes a few days for the bitcoin to be deposited in your account, what happens if bitcoin goes down 10% of the value
So your 200 in bitcoin for your order is now only 180? Is that correct
Sorry I’m a noob iv only bought through western union
Thanks too anyone who helps

Don’t buy bitcoin through markets that take days to send it to your account. Try Cash App for instant transactions.

And yes, you are responsible for sending the your orders cost in the current value of bitcoin when placing an order.

 

[Brochacho_Prime]

DNPstoney" pid='17530' dateline='1529577579:

Tigertank557" pid='17523' dateline='1529561059:

I know that when you buy on here with bitcoin you have to send your coin and all that stuff to the address of your guy. But it says it takes a few days for the bitcoin to be deposited in your account, what happens if bitcoin goes down 10% of the value
So your 200 in bitcoin for your order is now only 180? Is that correct
Sorry I’m a noob iv only bought through western union
Thanks too anyone who helps

Don’t buy bitcoin through markets that take days to send it to your account. Try Cash App for instant transactions.

And yes, you are responsible for sending the your orders cost in the current value of bitcoin when placing an order.

Seconding Cash App

 

[hanswolebro]

If you’re using coinbase there’s an option to just put USD into your account. I do this, since it takes several days to get to my account then i convert it to bitcoin when I’m ready.

 

[Nuts2Butts]

I just buy a big pile of bitcoin and spend it down eventually. I bought about $500 back in early 2017 and I’ve yet to need to buy more.

 

[eyetest1]

use gemini you can deposit money

wait for the money to clear

then buy btc