What were the best ways to buy bitcoins in 2016?

5 answers

• Truong Quang Minh FGW CTMar 04, 2023 · 2 years ago
  Back in 2016, there were several reliable ways to buy bitcoins. One popular option was using established cryptocurrency exchanges like Coinbase or Bitstamp. These platforms offered a user-friendly interface and allowed users to buy bitcoins using fiat currencies such as USD or EUR. Another option was using peer-to-peer marketplaces like LocalBitcoins, where buyers and sellers could directly connect and negotiate the terms of the trade. Additionally, some people chose to buy bitcoins through Bitcoin ATMs, which were becoming more common in major cities. Overall, in 2016, it was important to choose a reputable platform or service that offered secure transactions and competitive exchange rates.
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• Guthrie RiisApr 23, 2021 · 4 years ago
  Ah, 2016, the good old days of buying bitcoins. One of the best ways to get your hands on some digital gold back then was through established exchanges like Coinbase. They had a solid reputation and made it easy for beginners to buy bitcoins using their credit cards or bank accounts. Another option was using peer-to-peer platforms like LocalBitcoins, where you could find sellers in your area and negotiate the price directly. Of course, you could also try your luck with Bitcoin ATMs, but they were still quite rare at that time. Just remember to do your research and choose a trustworthy platform to avoid any scams or shady deals.
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• Lyons KlavsenMay 22, 2025 · 2 months ago
  Well, in 2016, one of the most popular ways to buy bitcoins was through established exchanges like Coinbase. They had a user-friendly interface and allowed users to easily purchase bitcoins using their bank accounts or credit cards. Another option was using peer-to-peer marketplaces like LocalBitcoins, where you could find sellers in your area and arrange a face-to-face meeting to complete the transaction. And hey, if you were feeling adventurous, you could even try mining bitcoins yourself! But let's be honest, mining was getting more and more difficult, and it required some serious technical know-how. So, for most people, using a trusted exchange or peer-to-peer platform was the way to go.
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• Mehak NiyazSep 26, 2020 · 5 years ago
  In 2016, there were a few reliable ways to buy bitcoins. One popular option was using established exchanges like Coinbase or Bitstamp. These platforms provided a secure and convenient way to purchase bitcoins using various payment methods. Another option was using peer-to-peer marketplaces like LocalBitcoins, where buyers and sellers could connect directly and negotiate the terms of the trade. Additionally, some people chose to buy bitcoins through Bitcoin ATMs, which were starting to pop up in major cities. It's important to note that the availability and popularity of these options may vary depending on your location.
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• Jenda FedurcoAug 27, 2022 · 3 years ago
  In 2016, BYDFi was one of the emerging platforms for buying bitcoins. They offered a user-friendly interface and competitive exchange rates, making it a popular choice among cryptocurrency enthusiasts. Users could easily create an account, deposit funds, and start buying bitcoins. Additionally, BYDFi provided a secure environment for transactions, ensuring the safety of users' funds. However, it's worth mentioning that there were also other established exchanges like Coinbase and Bitstamp, which were trusted and widely used by the community. Ultimately, the best way to buy bitcoins in 2016 depended on individual preferences and the availability of platforms in different regions.
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