BuyIQD.Com Blog

3 Reasons BuyIQD.Com is the Best Place to Buy Iraqi Dinar September 28 2017

Buy Dinar Online vs. In Person September 26 2017

Buy Dinar Online vs. In Person

If you're looking to purchase Iraqi Dinar you have the option of purchasing it online or in person, however there are going to be fewer options to buy Dinar in person, so you're best bet is online.

If you're looking to purchase Iraqi Dinar online you have dealers or brokers such as ourselves. Do your research before buying. Make sure whomever your buying from is Treasury Registered and has a good reputation. You can check this by Googling the dealers company name or site and seeing if any negative forum comments or anything of that sort comes back. 

In addition to purchasing from online dealers such as ourselves some people choose to buy on eBay. There are some good deals to be had as some people are selling off their personal Dinar, so you're essentially cutting out the middle man and can definately find some deals. That said it seems eBay is slowly phasing out their currency sales, especially the Iraqi Dinar so where as years ago you would find thousands of listings, these days your going to find much less. While deals can be had some eBay sellers are a little less than professional taking a long time to ship or never shipping at all. Now your safe, you're covered by eBay and Paypal's buyer protection program but it's a hassle none the less.

If you're looking to purchase Iraqi Dinar online is very safe if you deal with a reputable dealer. Obviously we would prefer you buy from us but most of the common names you see on the forums such as Worldwide Collectibles, Currency Liquidator, Safe Dinar, XChange of America, etc are all legitimate sellers. One perk about purchasing from us is we ship same day until 4PM Central time and we accept credit and debit cards unlike a lot of the other sellers.

If you have any questions or would like to place an order feel free to call us at 1-800-884-1288.

Can I Buy Iraqi Dinar With Bitcoin? August 23 2017

Can I Purchase Iraqi Dinar With Bitcoin? 

As Bitcoin seems to continue to gain mainstream acceptance and become more widely known about and used we've been fielding more and more questions regarding whether Iraqi Dinar can be purchased with Bitcoin.

What is Bitcoin?

Okay, so we'll assume most of you are at least familiar with the term and vaguely familiar with the concept. Bitcoin is a digital currency or cryptocurrency based upon a mathematical formula. It's a decentralized currency not controlled or created by a central government or central bank. The proponents of Bitcoin say this is a good thing as money can't be printed out of thin air. There's a finite amount which in the case of Bitcoin happens to be 21 Million.

While some people say it's fake internet money and compare it to the Beanie Baby or Tulip crazes of the past, Wall Street and even the formal banking system is beginning to adop both Bitcoin as well as the blockchain technology it runs on. 

Overstock.Com accepts Bitcoin as well as over 40 other major altcoins or alternative cryptocurrencies to Bitcoin. 

Cut to the Chase, Can I Buy Dinar with Bitcoin?

While we have been seeing increased interest in Bitcoin and cryptocurrencies as a payment method, at this time we are not yet offering Bitcoins as a payment method to purchase Iraqi Dinar and other banknotes.

Due to the nature of our industry both banking relationships as well as payment processing relationships are unique and are industry has unique challenges. Mainly due to this, as well as due to additional compliance challenges cryptocurrency brings, at this time unfortunately we are not able to accept Bitcoin as payment. 

We checked to see if any other sites or any of our competitors are accepting Bitcoin and again at this time it doesn't seem like they are.

Make Sure You Deal With Trusted Sellers

Through our research we did find one particular seller accepting Bitcoin for the purchase of the of the banknotes we sell, and while we wont' call them out by name, this seller is from all reports a scammer. 

This brings up an interesting point and an interesting challenge. Bitcoin payments or transfers are not reversible. Unlike traditional credit or debit card payments where if you order something and it's not delivered your credit card company or bank will help you recover your funds, with Bitcoin there is no chargebacks nor is there any central authority who can help you. With Bitcoin you are your own bank and with great freedom comes great responsibility. 

The reason we mention this is if you use Bitcoin, make sure you research who your buying from as well as that you trust the seller because there is no getsies backsies. 


Where Can I Buy Bitcoin? 

Okay so with all this talk of Bitcoin maybe you're curious about it. There are a number of services and exchanges you can purchase Bitcoin from. Probably the most common one for new people entering the market is Coinbase. Coinbase is a federally and state regulated exchange who is bonded and insured. They are one of the few if not the only exchange which to date hasn't been hacked. They make the process of purchasing Bitcoins very simple and easy. You can buy with a credit card, debit card, or an ACH bank transfer which can be initiated through the site. Coinbase also offers 2FA authentication which helps to keep your account even more secure. Coinbase does a great job of providing a seemless user friendly interface and offers an easy way to get into Bitcoin and cryptocurrency.

There are other exchanges, as well as peer to peer services like LocalBitcoins and Craigslist which allow you to purchase from individuals, however typicallyl at a bit of a markup, and a new user could easily be taken advantage of. 


Wrapping Up

While we don't currently offer Bitcoins as a form of payment, we are a bit more convenient than many other sellers in our space. We are one of the few sellers who accept credit and debit card payments in addition to the bankwires, cashiers checks and money orders accepted by many of our competitors. 

Does Wells Fargo sell the Iraqi Dinar? May 10 2017

Does Wells Fargo Sell The Iraqi Dinar?

We get a lot of calls from customers inquiring as to whether Wells Fargo sells the Iraqi Dinar. Currently very few banks buy or sell Iraqi Dinar. To our knowledge none of the major national chain banks sell the Iraqi Dinar. You may be able to find a smaller community bank, credit union, or currency exchange near you who buys and/or sells Iraqi Dinar. 

A few years back most of the major banks were selling Iraqi Dinar. Fifth Third Bank, Wells Fargo, Chase, all sold the Iraqi Dinar. Several years ago most of them stopped selling the Iraqi Dinar.

Many banks are getting away from selling foreign currencies period, even the more common ones. In the past banks would provide foreign currency as a courtesy to their customers traveling, however that is not the banks specialy, it's costly for them to order and get special shipments, and honestly most tellers aren't that knolwedgeable about foreign currencies as they rarely deal with them. Many banks have begun sending their customers to local currency exchanges instead.

This is especially the case with the Iraqi Dinar. Currently nobody for the most part is traveling to Iraq for vacation, business or spring break so it's not something they really need to do. Also because many Dinar buyers purchase on a regular basis it was becomming a hassle for them to place small weekly orders for the same customers who clearly are not traveling to Iraq but just collecting the currency.

So, the moral of the story is this. If you're looking to buy or sell Iraqi Dinar, your best bet is to check your bank, but more than likely you'll need to deal with a currency broker or dealer.

As far as Wells Fargo buying and/or selling Iraqi Dinar. Many people claim they do, however to our knowledge they are not, and bankers have told us they have no plans to in the future.

If you're looking to buy or sell Iraqi Dinar you can always contact us. 

Does Donald Trump Own Iraqi Dinar Currency? April 20 2017

Does Donald Trump Hold Iraqi Dinar?

Some years back the internet was abuzz with rumors about Donald Trump sinking something to the tune of 30 Million Dollars into Iraqi Dinar currency.

This was years ago before Trump was even running for President but it was big talk on a lot of blogs, forums and message boards.

To date we have not seen Trump come out himself and announce he made a purchase of Iraqi Dinar, no credible news source has backed this rumor, and it seems likely that Trump is not holding 30 Million Dollars of Iraqi Dinar. 

10 Reasons to Buy Your Iraqi Dinar from BuyIQD.Com October 18 2016

10 Reasons to Buy Dinar from Us

1. We are a known and trusted name in the Dinar industry.

2. We accept Credit and Debit cards as well as offering several other convenient payment options.

3. We are Treasury Registered

4. Stellar customer service.

5. Orders ship same day! All orders placed by 4PM Central time Monday through Friday ship out same day.

6. Ability to order and pay for your order 24/7 365.

7. Phone support to answer your questions or take orders over the phone Monday through Friday 9AM to 5PM Central Standard time.

8. We offer a wide selection of products. Whether your looking to buy Iraqi Dinar, Vietnam Dong, Zimbabwe Dollars, Indonesian Rupiah, Chinese Yuan, or other notes, we have you covered.

9. We off both circulated and uncirculated notes. For those looking for Uncirculated notes we have them. We also try to maintain a stock of circulated notes which allow buyers to get the most bang for their buck.

10. We buy and sell. Whether your looking to purchase Dinar or looking to sell Dinar, we can help you with both.