Silk Road forums

Discussion => Newbie discussion => Topic started by: user746384756 on August 28, 2013, 03:20 am

Title: Obtaining bitcoins this way ok or too complicated?
Post by: user746384756 on August 28, 2013, 03:20 am
been using VirWox to exchange my currency through a few steps (paypal) and then eventually into bitcoins but there is a limit on how much you can deposit per day then a cap for each month which is very low and annoying. The system does work and uses paypal as a safety net in case anything goes wrong but there has to be a better way. and the whole localbitcoin idea seems sketch because you are pretty much handing your money over first to someone that could easily not deposit btc in your account. So many ways to do this but so many pitfalls as well, anyone have any legit experience with other ways that have worked over and over again without such a small cap/limit by daily/monthly basis?

(also researched other posts and reviews about btc vendors but get overwhelmed by mixed reviews and would just like some actual input from other users which is greatly appreciated)

(also received my first order today after being paranoid and anxious as well, so if you have yet to receive whatever you want for the first time then no worries because it is legit, just check up on vendor reviews and ratings)
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: FreeMarketEconomy on August 28, 2013, 03:27 am
For me personally, I don't get too concerned about the bitcoin buying process.  I use Dwolla to transfer money to an exchange where I buy the coins.

While some think this doesn't provide enough security, I would like to point out that purchasing bitcoin is not illegal (yet).  I generate a new address every time to receive coins, and I tumble them before they even make it to the road.  I just personally don't see the need to be that anonymous with bitcoin at the moment, when it's fairly difficult to track if you employ tumbling.

I would agree with the localbitcoins point though, it does feel shady, and typically the prices listed are outrageous compared to the going rate.  Also I hate Paypal with the passion of a thousand suns.
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: cryngie on August 28, 2013, 03:34 am
Dont you have a smart phone? if so dont you have a btc wallet on it? if so yo can see the btc get deposited into said wallet if not you can see the person you meet send them via there phone
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: user746384756 on August 28, 2013, 03:38 am
Dont you have a smart phone? if so dont you have a btc wallet on it? if so yo can see the btc get deposited into said wallet if not you can see the person you meet send them via there phone

concerned about a possible waiting process via verification?
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: user746384756 on August 28, 2013, 03:41 am
For me personally, I don't get too concerned about the bitcoin buying process.  I use Dwolla to transfer money to an exchange where I buy the coins.

While some think this doesn't provide enough security, I would like to point out that purchasing bitcoin is not illegal (yet).  I generate a new address every time to receive coins, and I tumble them before they even make it to the road.  I just personally don't see the need to be that anonymous with bitcoin at the moment, when it's fairly difficult to track if you employ tumbling.

I would agree with the localbitcoins point though, it does feel shady, and typically the prices listed are outrageous compared to the going rate.  Also I hate Paypal with the passion of a thousand suns.
I take it PayPal raped you
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: cryngie on August 28, 2013, 03:49 am
if you see them send it fro the e wallet they cant get it back
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: DrPhilly on August 28, 2013, 03:57 am
Virwox uses levels from 1 to 4 depending on how much you have traded.

When you reach level 3, you can ask them to become a level 4 and then it's almost limitless.

Sometimes you get lucky on virwox and sell USD high and buy btc cheap, if you wait a little bit.

Otherwise fees would be quite high
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: user746384756 on August 28, 2013, 04:01 am
see that's what I'm talking about, I've been using them and they're legit, don't care about their fee b/c everygone has to get paid a lil bit, but hopefully it will not take too much time to get limitless. Also, I'm hearing good word on bitinstant, also waiting for it to come online to scope their offerings out.

I appreciate the time taken to read/reply to my post from everyone.
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: armani24 on August 28, 2013, 04:31 am
IMHO the best way is to use WU or MG to bitcoins conversion services! Best of all there are lot of vendors that charge 0% service fee
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: ThaMiddleMan on August 28, 2013, 11:53 am
I sell coin on SR for a 10% you can purchase them with MP, Vanilla , Relaodits, WU, MG Cash in the Mail and soon cash deposit its simple
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: DrPhilly on August 30, 2013, 02:01 am
I just started to try out bitstamp today

But that is mostly for selling. I heard mtgox has some annoying payout issues.

Otherwise i have used virwox alot. Doing a little speculation and waited long enough i was able to get my bitcoins once at a lower price than listed on mtgox. But that was only a one time thing :-/
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: Judge Bud on August 30, 2013, 02:20 am
I sell coin on SR for a 10% you can purchase them with MP, Vanilla , Relaodits, WU, MG Cash in the Mail and soon cash deposit its simple

I see you workin man!

-Judge
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: Boilerbaggins on August 30, 2013, 08:08 am
Obtaining bitcoins is a bitch. Well, not really, but i cant help but compare it to everything else on the internet. If i cant have it in five minutes thats too damn long and verification is a bitch. However, taking a little time to do homework and figure it all out is pretty damn enjoyable and exciting i think. I would also argue that understanding them and how to safely use them is a valuable skill, and i think the simple act of using TOR as well as procuring a freakin INSANE currency (crazy in a good way) puts you automatically in the not-a-dipshit crowd (technologically and common sense speaking).

What i just said was stupid, you say? Go ask the next guy walking down the street what Tor or a bitcoin is, That's all im saying.

I should also point out that apparently i need 50 posts so that's why my reply BARELY approaches your topic. Sometimes i like to express my opinions on discussion boards after i smoke pot because its entertaining.

I also wanna say thanks to these forums, finally a reliable place to ask my millions of stupid internet questions, that bitcoin info may have seemed simple but i needed it (they make apps on phones for that now?) i didnt know what a hard drive was a year go, today i use Ubuntu on a broken laptop i fixed, trust me ive had some dumb questions, but im almost an official nerd now.
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: DrPhilly on September 14, 2013, 07:09 pm
In my previous post i can see there was a typo spelling virwix. It should say Virwox. The reason i'm writing this is that Virwix is a known scammer site, that rips those off who spells the sitename incorrectly in their browser :-)

Just something to remember!
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: Dougggy on September 14, 2013, 07:44 pm
Personally, once I used it a few times and got past some of the fees, limits and waiting I don't think virwox is such a bad service. Sure, it may cost a little bit more but it's my only option.
~D
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: RikkiTikki on September 14, 2013, 08:01 pm
virwoz sounds skecthy
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: LibertyCoin on September 14, 2013, 10:05 pm
Interesting this Virwox - will need to check it out. In the meantime, I sell btc for cash deposits typically. I have accounts in most major banks for convenience. Or, if in close proximity, I'll be happy to meet and make the entire exchange in person. After bitcoin, cash is usually the easiest way to buy (unless you live in the boonies where nothing's around and you need to do online purchase).
Right now, I'm offering at 5%!! Get them while this offer is hot, no strings attached - I'm just trying to build my rep as a solid provider on here. You get a good rate and I build a strong rep. Hit me up via libertycoin@safe-mail.net
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: monesty on September 15, 2013, 05:38 am
localbitcoins.com has escrow protection. When you open a buy with the seller the dollar amount in BTC is removed from the seller's account and placed in escrow. When the seller verifies payment, he releases the coin from escrow and it goes into the buyers wallet. No fuss no muss.
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: Dougggy on September 15, 2013, 12:21 pm
For anyone wondering I have used Virwox many times in the past, and it is perfectly legit. However, the reason why it is somewhat awkward is because of the initial limits and the high fees that they charge. Now my limits have been pretty much removed, I am able to buy bitcoins in bulk with less fees, it just takes a few times to use the service to it's full.
~D
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: mrnice22 on September 15, 2013, 12:35 pm
for uk peeps best way is proberley localbitcoins website
Title: Re: Obtaining bitcoins this way ok or too complicated?
Post by: Mitragyna on September 15, 2013, 12:43 pm
I use localbitcoins, works great