The most popular way for purchasing bitcoins with money in a foreign country is to visit a local retail outlet that offers the service of a local exchange like a local bank that offers you to buy it with cash instantly. The advantages of doing this are quite obvious, you get to access the entire market straight away, and also you will be able to examine how the value of your transaction is behaving. However, there is another way of buying bitcoins with money from a foreign country and that is through an online transaction like buying it at one of the online currency exchanges. This is considered to be more convenient as you will not need to travel anywhere and can buy your desired amount of bitcoins almost immediately.
However, you might come across an alternative way of buying using bitQuick or some other virtual currency exchange like BitPex. Although there are many advantages of this option, it has some disadvantages as well which should be taken into consideration before making any kind of decision. For instance, if you are new to this, it is advised that you stick to a smaller exchange to start with so that you can get the hang of things and familiarize yourself with how everything works. And while it is true that you can have all your transactions done instantly using a paxful or bitquick based exchange, you might have to spend a little more on the monthly fee or commission which is commonly charged by these establishments. Make sure you read more here for a better understanding about this topic.
Another disadvantage of this kind of transaction is that you can only use bitquick as a payment method which means that you cannot make use of the conventional methods of transfer like using your bank deposit and credit card. If you want to buy a large number of bitcoins, this could be fine but if you only want to purchase a couple of hundred dollars at most, you may find it quite inconvenient. If you have been paying your bills and have your savings account with a bank, you might find it difficult or even impossible to make use of your bank deposit for the purchase of smaller amounts. Read this article to see how you can buy bitcoins using cash.
But there is an option that you can consider aside from either using a paxful or bitquick based payment option. That option is the availability of “virtual” or” Fiat Currencies” like the US dollar and the Euro against a large number of major physical commodities like gold and silver. This would allow you to trade in commodities using bitcoins instead of traditional money. While some people are apprehensive about investing money in something that does not have any tangible assets, you will find that there are still several advantages that you can derive from this kind of option.
For instance, buying coins like the US dollar against most major commodities will allow you to have a hands-on experience with how these commodities are priced. You will also be able to look at several historical quotes to determine their trends. Most people do not have this opportunity when they are buying major currencies. Aside from this advantage, you may also enjoy lower transaction fees when you buy using bitquick or bitcoin cash. The lower fee will apply to any excess funds left in your account after the purchase. Another thing is that you will have a lot of choices for your virtual currency; hence you will not be limited to using only one pair in a given trade.
In summary, you may consider buying small amounts of bitcoins using a service such as bitquick or bitcoin cash. You will get to have firsthand experience with how these currencies are traded, thus giving you a chance to learn more about this highly volatile investment. At the same time, you will also have several options when it comes to buying larger amounts of these coins. Lastly, you may be able to buy bitcoin with cash instantly via a deposit instantly scheme.
To understand more about this subject, see this related post: https://en.wikipedia.org/wiki/Bitcoin.