Difficult to purchase doge in my local currency so this is what I'm gonna do
Background: I used to be able to acquire doge relatively easily in local currency (Malaysian Ringgit) from local sellers like lincoln_lava (hey sister shibe, where are you nowadays? no news mate?) and from localdogecoin. It was a great experience to use local bank transfer instead of PayPal or Skrill. The fun at localdogecoin was short-lived as all the local sellers slowly left the market possibly due to the declining price of doge. See for yourself, it’s empty offering in localdogecoin https://www.localdogecoin.com/eng/buy/MY ughhh! My plan to buy doge:
Buy BTC in local currency bank account Deposit BTC to prelude.io Exchange BTC to doge at prelude.io (preferably at 100 Satoshi, yummy!) Withdraw doge from prelude.io to my wallet-qt
The edits below will document each step until I finally get my doge love! EDIT 1: About a week ago, Numoni Pte Ltd (a Singaporean company), has installed a BTC ATM at Bangsar Shopping Centre. It is about an hour drive from my place. The ATM launching appeared in some local media (read here: http://www.lowyat.net/2014/03/first-bitcoin-vending-machines-appear-in-malaysia). So yesterday, I braved the horrendous traffic and paid expensive parking to go to this so-called high-end shopping mall. I made my way to the advertised shop, which seems like a mobile/PC hardware selling stuff. No BTC ATM there! The staff said Numoni took it away a few days ago sigh. Given that the ATM launching was around 3/27, it was probably taken away about 2-3 days after going live, ughh! Anyway, I’ve posted on Numoni’s FB page and currently waiting for their definitive answer. On the bright side, Chili’s quesadilla and nachos at the mall were all good. Burppp! Oh yes! EDIT 2: As the ATM route was bust, I checked out localbitcoins. It seems more promising as there are plenty of local sellers that will accept fiat from my local bank accounts. I’ve raised BTC purchase request and am currently waiting for the seller to respond. It is midnight here so nothing much to do until tomorrow. Grrr! OK, I've gotten my BTC, yay! Time to hit prelude.io EDIT 3:Nothing yet but hopefully this is the part where I receive my BTC to my light wallet (Hive? Electrum? Multibit? Any suggestion?) I've downloaded electrum. Nice, clean interface. But man, BTC does take sometime to be moved to and fro. Grrr! (again!) EDIT 4:Nothing yet but hopefully this is the part where I trade all BTC to doge at prelude.io and transfer my baby doge to my local wallet After 1.5hrs, my BTC finally appears on prelude.io, well, still faster than international wire, right? Time to embrace those doge! Put buy order at 107 (I know I said 100 satoshis above but who am I kidding, LOL). Order went through easily! Great job moolah_ EDIT 5:Nothing yet but hopefully I won’t have to use this edit section. It can’t be that complicated, right? (-vvv-) It's time to transfer these baby doge to my wallet-qt. WOW, such easy! OK, time to summarize:
purchase BTC from local seller and to have it appear on electrum wallet ~2 hrs
sending BTC from electrum to prelude.io wallet ~1 hr
put buy order at prelude.io to full order matching ~45 mins
sending doge from prelude.io wallet to local wallet-qt ~15 mins, WOW!
Maybe some of you shibes will ask why I don’t register my local bank account with kraken, prelude, VOS, etc. I believe the verification will take some time (well, I’m not American, Canadian or European) and the international wire transfer is both expensive and time-consuming. I hope my assumption is correct on this one, though. TOO THE MOON!
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