If you are willing to buy Bitcoins, there are several ways you to proceed. If you are willing to buy with cash there is possibility of Cash, Bank Wire, Western Union, Cash Deposit, Moneygram. If you are willing to trade with your e-currency there are many methods.
You can view more info here: Buy Bitcoins
If you are willing to sell Bitcoins, there are several ways you to proceed. If you are willing to sell with cash there is possibility of Cash, Bank Wire, Western Union, Cash Deposit, Moneygram. If you are willing to trade with your e-currency there are many methods.
You can view more info here: Sell Bitcoins
All online trades are protected by escrow. When a trade is started the amount of Bitcoins for the trade is automatically reserved from the seller's Bitpium Wallet. This means that if the seller runs away with your money and does not release your Bitcoins Bitpium.com support can release the Bitcoins to you from escrow. If you're selling Bitcoins, never release the escrow before you know that you have received money from the Bitcoin buyer.
Please note that local trades do not have escrow enabled by default.
Next to each advertisement on the website the price of a Bitcoin for that advertisement is shown as currency per Bitcoin. For example, if we are buying Bitcoin with the currency US dollars the price would be shown as 7300 USD / BTC. This means that if I wanted to buy 1 Bitcoin it would cost me 7300 US dollars.
Can I buy less than 1 Bitcoin?
Absolutely! In each advertisement you see what's called limits. That shows you the least and the most amount of Bitcoins that you can buy from that advertisement. One Bitcoin can be divided into much much smaller pieces, the smallest piece is called one satoshi and is the same as 0.00000001 BTC.
One of the best features of Bitcoin is that it gives you control over your money, but it's also this feature that makes it very different from traditional money. Bitcoin transactions are irreversible, most traditional payment methods can be charged back. This creates risk for the person selling the Bitcoins, as PayPal or a bank can take the money someone paid him out of his account after he has sent away the Bitcoins. That is why traders need to have a high price for certain payment methods, to protect themselves against this risk.
That is why we recommend for you to get the best price to pay using a hard to reverse payment method, such as Cash Deposit, bank transfers and mobile payments (Like Qiwi in Russia). When you search to buy Bitcoins, select All online offers as a payment method and you will see offers for all payment methods and you can choose one that is convenient for you and offers a better price.
What happens when I pay, and the seller doesn't give me my Bitcoins? All our online trades are protected with escrow to prevent this from happening. When the trade is started, the Bitcoin amount for the trade is taken from the sellers wallet and is held by Bitpium for the entire time of the trade. If the seller is trying to scam you, it's easy for you to open a dispute on the trade and our support staff will contact you to ask for proof that you have paid and then give the Bitcoins to you.
We have two different types of trades on Bitpium, local trades and online trades.
Online trades occur online entirely through our trading platform without you ever meeting your trading partner. Escrow is automatically enabled and funded for Online trades, meaning that as a buyer you’re automatically protected by our escrow system. Most of trades on Bitpium are online trades.
Local trades are meant to be carried out face-to-face, and escrow is not automatically enabled. Because of this it is not safe to pay the seller using an online payment method in a local trade.
Online payment methods are, for example, bank transfers; PayPal; Gift card codes etc.
If you purchase Bitcoins using Bitpium.com, the Bitcoins will appear in your Bitpium Wallet. From there you can easily send the Bitcoins to other Bitcoin addresses. The vast majority Bitcoin services are compatible with each other, the same Bitcoins you buy from Bitpium will work in your favorite online stores that accept Bitcoin, and also in local shops that accept Bitcoin.
To use your Bitpium Wallet enter the receiving address, amount and your two-factor authentication code (if you have 2FA enabled) and click Send.
If you want to sell Bitcoins, you first need to transfer some Bitcoins to your Bitpium Wallet. You can create multiple receiving addresses for improved privacy.
Please note that your Bitpium Wallet cannot be used in a few specific situations. For example, you cannot use it with sites like satoshidice that returns Bitcoins to the sending address. Also newly generated Bitcoins from mining cannot be sent to your Bitpium Wallet.
In order to sell Bitcoins on Bitpium.com you'll first need to send some Bitcoins to your Bitpium Wallet. To do that you'll need a Bitpium.com account, access to Bitcoins in another Bitcoin wallet and you need to know your Bitpium.com receiving address.
To find your Bitpium.com receiving address you need to go to visit the My Wallet page. The top of the page is divided in two parts allowing you to both send and receive Bitcoins. On the left-hand side you'll find your receiving address. Please note that your receiving address changes after each transaction. We do this to protect your privacy, by using a new address each time you receive Bitcoins it makes it difficult for someone to track your Bitcoin transactions. Old addresses still work, but we do not recommend that you use them.
Once you know your Bitpium.com receiving address, you can go to your other Bitcoin wallet and use this address to send Bitcoins to your Bitpium.com address.
Please note that the minimum you can send to your Bitpium wallet is 0.0002 BTC. Bitcoin deposits less than that are not processed.
Transactions take between 10-60 minutes when you are sending Bitcoins to your Bitpium Wallet or when your sending Bitcoins out from your Bitpium Wallet. Transactions between Bitpium Wallets is instantaneous.
I've waited 60 minutes and my transaction is still pending, now what?
The Bitcoin network might be experiencing congestion, in this case transactions will take much longer to go through.
Bitcoin transactions have to be confirmed by the Bitcoin network. When a transaction is made it gets sent into a transaction pool from where it is bundled up into blocks that Bitcoin miners confirm through mining. Blocks get mined on average every ten minutes and only a finite number of transactions can fit into each block. Sometimes blocks can take much longer or much less time to mine. On rare occasions there can be several hours between successfully mined blocks. This means that the pool of unconfirmed transactions grows larger than what can fit into a single block, making it take a long time for transactions to become confirmed. Once the transaction has been included in a block and has been mined, it has been confirmed once. When the confirmation count of the transaction reaches a certain threshold, usually 3-6 confirmations, the transaction appears in the receiving wallets. You can read more about confirmations on the Bitcoin wikipedia and you can see the current number of unconfirmed transactions on the Bitcoin network here.
To check the status of your Bitcoin incoming transaction
- Go to My Wallet.
- Click on Receive.
- Click on Incoming Transactions.
- Click on view incoming transactions.
To check the status of your Bitcoin outgoing transaction
- You need to know the transaction id (TX ID) or the receiving wallet address (looks like: 1JF7RrjBzmVymz3cFeGWA7iVg3y6UXxyg) and the amount of Bitcoins transferred. On Bitpium.com you can get the transaction information from your wallet transaction history after you have made the transfer.
- Go to Tradeblock.com.
- Type in the receiving address or the transactions ID (TXID) into the Search field. Use the Bitcoin amount to quickly identify transactions if the receiving address has several transactions incoming.
- Click the transaction to view more information about it.
- Look for where it shows you how many confirmations the transaction has.
If your transaction has...
- ...more than six confirmations: the receiving wallet should have received the transaction. Please contact the provider of the receiving wallet if the transaction still does not appear in the receiving wallet.
- ...0-6 confirmations or unconfirmed: the transaction has left the sending wallet and is still under way.
- ...you cannot find the transaction: the transaction never left from the sending wallet. Contact the provider of the sending wallet.
Currently the minimum amount you can send to Bitpium is 0.0002 BTC. Bitcoin deposits less than that are not processed.
You can buy Bitcoins without having a mobile phone, but you will be limited to which advertisements you can reply to. By verifying your phone number with Bitpium increases the number of advertisements that you can contact.