Silk Road forums
Support => Technical support => Topic started by: greenflannel on December 07, 2011, 05:22 am
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Sorry im such a noob to this but how do bit coins work? I mean, I have a basic understanding but:
Where do I sign up to recieve bit coins?
Where can I exchange bitcoins for cash or paypal?
Thanks
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Where do I sign up to recieve bit coins?
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You automatically get your own wallet when you sign up on the SR website. You can deposit bitcoins straight to that address, or you can send it through a couple of other wallets first (instawallet comes to mind).
Where can I exchange bitcoins for cash or paypal?
You'll be lucky if you find a place willing to accept paypal, but I can recommend https://get-bitcoin.com/ if you're willing to pay with cash.
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Where can I exchange bitcoins for cash or paypal?
VirWoX accepts paypal. But their exchange rates are high, partly because you have to exchange to 'Linden Dollars' first.
And when using paypal there is an (up to) 3 days 'order verification' period.
Because of Paypal's refund policy it's risky for exchangers to accept and that's what you pay for.
https://www.virwox.com/
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Very doubtful to find a place to take Paypal. Although there are some as others have said..
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Paypal is a scam. That company sux dick. Every1 should stop using PayPal.
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Where do I sign up to recieve bit coins?
Install Bitcoin client on your computer from bitcoin.orgWhere can I exchange bitcoins for cash or paypal?
Use mtgox.com to sell your coins and then withdraw money using various methods offered by Mt.Gox. Or sell the coins to me!