# Funding Bitsquare first time?

**URL:** <https://bisq.community/t/funding-bitsquare-first-time/1994>\
**Category:** Payment methods\
**Created:** [May 12, 2017, 4:58am UTC](https://bisq.community/t/funding-bitsquare-first-time/1994 "2017-05-12T04:58:24Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![SolutionJet](https://bisq.community/letter_avatar/solutionjet/32/6_22734026db12803ebb3e059622ac3534.png) [@SolutionJet](https://bisq.community/u/SolutionJet)\
**Post date:** [May 12, 2017, 4:58am UTC](https://bisq.community/t/funding-bitsquare-first-time/1994/1 "2017-05-12T04:58:24Z")

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I just had a bank and ClearXchange account setup to make transaction, but it says I need to have 0.03 BTC for security in order to do a transaction, but there is no way you can fund your wallet with banks or paypal or cc. I dont have any BTC. That puts me in a chicken-egg situation. The whole reason I installed it and added accounts to buy BTC. If I had other btcs anywhere else that means I was already using other exchanges and wallets. Am I missing something here? If I have to go another exchange to buy BTC in order to fund here, then its not really useful …any thoughts?

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**Author:** ![qbisq](https://bisq.community/user_avatar/bisq.community/qbisq/32/757_2.png) [@qbisq](https://bisq.community/u/qbisq)\
**Post date:** [May 12, 2017, 11:08am UTC](https://bisq.community/t/funding-bitsquare-first-time/1994/2 "2017-05-12T11:08:26Z")

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Hi! Yes, you do need some bitcoin to start, to make sure bad actors won’t spam the system. I think there’s an option to lend from someone here bitcoin if you need to it get started. trying to find the post about that 🙂

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**Author:** ![alexej996](https://bisq.community/user_avatar/bisq.community/alexej996/32/491_2.png) [@alexej996](https://bisq.community/u/alexej996)\
**Post date:** [May 12, 2017, 6:34pm UTC](https://bisq.community/t/funding-bitsquare-first-time/1994/3 "2017-05-12T18:34:09Z")

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[https://forum.bitsquare.io/t/starter-package-for-new-bitcoin-users-who-dont-have-btc-to-get-started/413](https://forum.bitsquare.io/t/starter-package-for-new-bitcoin-users-who-dont-have-btc-to-get-started/413)

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**Author:** ![SolutionJet](https://bisq.community/letter_avatar/solutionjet/32/6_22734026db12803ebb3e059622ac3534.png) [@SolutionJet](https://bisq.community/u/SolutionJet)\
**Post date:** [May 12, 2017, 8:05pm UTC](https://bisq.community/t/funding-bitsquare-first-time/1994/4 "2017-05-12T20:05:16Z")

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Thanks guys for chiming in. I went ahead and bought about 500$ of btc from gemini as startup. Still debating whats gonna be my signature wallet or weather I need a desktop wallet at all if I use mycellium on my phone? I like the fact here that is it decentralized and I am able to see how many peers are there…

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**Author:** ![BusinessFish](https://bisq.community/user_avatar/bisq.community/businessfish/32/1216_2.png) [@BusinessFish](https://bisq.community/u/BusinessFish)\
**Post date:** [December 4, 2017, 9:46pm UTC](https://bisq.community/t/funding-bitsquare-first-time/1994/5 "2017-12-04T21:46:14Z")

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Just the type of information i was looking for!

Thanks.  
Biznu Fish