Silk Road forums

Discussion => Newbie discussion => Topic started by: Caudillo on August 25, 2013, 07:18 pm

Title: First time buying bitcoins
Post by: Caudillo on August 25, 2013, 07:18 pm
Would people recommend using a "above ground" exchanger, or one of the established ones here on SR?

Thanks for your input.
Title: Re: First time buying bitcoins
Post by: Truman on August 25, 2013, 07:23 pm
I use localbitcoins.com and find a local seller in my area. pay cash for the bitcoins.
Title: Re: First time buying bitcoins
Post by: Capital Gain on August 25, 2013, 07:28 pm
I would recommend local or exchangers. You can't stay in escrow when buying BTC with SR or any other site like it, so big risk of scams.
Title: Re: First time buying bitcoins
Post by: Caudillo on August 25, 2013, 10:21 pm
I did look at locals but the rates were super high by me, or too high a minimum.

Are there any vendors of Bitcoins on SR that can be described as truly impeccable?
Title: Re: First time buying bitcoins
Post by: JoyceBradburyKing on August 25, 2013, 10:38 pm
There is no such adjective as impeccable unless you are describing an inanimate object.

There is always going to be a risk buying from SR or anything like it.

It's not illegal to buy coins. When they are deposited to SR they go through a tumbler. What are you worried about? Just use an exchange.
If you get caught for BTC in relation to SR and illegal purchases, then they have far far more on you than a simple, legal, BTC transaction.
Title: Re: First time buying bitcoins
Post by: 1morestranger on August 25, 2013, 10:41 pm
I have had good luck with bitcoin-brokers.org the fee is 2% and they hold the bitcoin in escrow until the seller confirms payment. 
Title: Re: First time buying bitcoins
Post by: Crusader33 on August 25, 2013, 10:44 pm
I've made 50% deposits using bitcoinbrokers and 50% with campbx. Campbx is very reliable and reputable
Title: Re: First time buying bitcoins
Post by: expandmind on August 25, 2013, 10:45 pm
I have been advised by a friend to use coinbase.com

What are experienced peoples thoughts on this site?
Title: Re: First time buying bitcoins
Post by: Caudillo on August 25, 2013, 10:50 pm
Where do you get that impeccable can only be used to describe inanimate objects??

Thanks for the suggestions guys.
Title: Re: First time buying bitcoins
Post by: JoyceBradburyKing on August 25, 2013, 10:55 pm
I just wasn't being very creative.
Hopefully the salient point's still understandable.
Title: Re: First time buying bitcoins
Post by: ThaMiddleMan on August 26, 2013, 01:25 am
Im in the Money Section if you need coins
Title: Re: First time buying bitcoins
Post by: Meepss on August 26, 2013, 03:05 am
I'd second localbitcoins.com. Keep an eye on the rates, they do fluctuate. Nowadays, no such thing as a cheap bitcoin....
Title: Re: First time buying bitcoins
Post by: Colonel John Phoenix on August 26, 2013, 03:21 am
I hope when I get to 50 posts I can find a thread with some good instructions for the process. I'm just starting with bitcoin and know nothing. Maybe some of you have some thoughts.

My first bitcoin wallet, before I even knew about SR, was with Blockchain. I still have it. Horrible choice, I would suspect, because that wallet was registered under my primary email address. I don't want to send any bitcoin to SR from that wallet, for sure. Or, am I being too cautious there? What I am still trying to find out is the best procedure from start to finish, i.e. should I first register an anonymous email account and then create a wallet? If I use an anonymous email is it then safe to create a wallet with Blockchain? See what I mean about being at a very basic starting point?

If anyone has any thoughts to share, edify me please :-)
Title: Re: First time buying bitcoins
Post by: KawiMawi on August 26, 2013, 03:33 am
Head over to bitcointalk.org and read through a few things, you'll learn about the most reputable routes. I always used bitinstant but they seemed to of shut down. I've been buying greendot moneypaks personally and selling them to people for btc.
Title: Re: First time buying bitcoins
Post by: ThaMiddleMan on August 26, 2013, 03:53 am
Im in the Money Section if you need coins , moving 13 more tonight
Title: Re: First time buying bitcoins
Post by: yourgo2guy on August 26, 2013, 03:56 am
***CLEARNET***
       bitman.biz         

this guy will do it through localbitcoins(HE ON THAT SITE TOO) escrow and i promise you whatever you need id bet a finger this guy will get it done! he said to me once hed rather make something than nothing he doesnt want you to walk away,but wants you to come back! iv never paid more tha7% above MtGox with this dude! im happy with that rate,but thats me.
Title: Re: First time buying bitcoins
Post by: Koenigsegg on August 26, 2013, 04:18 am
Water.