Silk Road forums

Discussion => Security => Topic started by: IamaLizard on May 12, 2012, 02:49 am

Title: Bitinstant Question
Post by: IamaLizard on May 12, 2012, 02:49 am
When i depoait cash to bitinstant is there an option to have it converted to BTC or do i do it manually at mt gox?
Title: Re: Bitinstant Question
Post by: shivashanti on May 12, 2012, 02:56 am
choose send to email and you can coinapult it.
Title: Re: Bitinstant Question
Post by: Trippyskies on May 12, 2012, 09:36 am
wtf lizard?  do tell. I just did mt gox. then convert. etc.  it was annoying, but seemed simple enough.  of course NOW I read mt gox sucks ass. whatever, made and transfered from a random pc/network.

I'll check out coinapult.
Title: Re: Bitinstant Question
Post by: IamaLizard on May 13, 2012, 02:37 pm
Yea coinapult looks like the way to go. No apparent fee, but on bitinstant it asks for Acc#, Confirmation email, and Amount. Im confused if the acc# is the one coinapult asks you to deposit cash into or if its supposed to be the Mt. Gox account. As when you use coinapult by its lonesome and not through the bitinstant API it gives you a random acc# to deposit cash into and then emails that # to the email you choose to recieve thr BTC. Little confused and afraid to send money to the wrong acc.
Title: Re: Bitinstant Question
Post by: aciddeath on May 13, 2012, 07:11 pm
Here's how it works

1. bitinstant.com
Payment from (cash deposit) -> Bitcoin to Email (coinapult)
Destination Acct = you@email.com (I always use tormail.org)
Amount = Your choice
Notificiation email = you@email.com

Bitinstant will ask you for a pin number. MAKE SURE YOU REMEMBER THE PIN  YOU GIVE IT!! Or you won't be able to transfer out of coinapult

2. Deposit Cash

3. go home and check email address

4. Follow link in email to coinapult page. This is the page that has your coins
Enter the wallet address you want to send the coins to
enter the amount of coins to send
enter the pin number you created earlier
Coins go flying into your wallet

Things to note:
1. coinapult takes 1% fee
2. coinapult is buying at current market rate

It's my favorite way to get coins so far. 4.5% +$1 (bitinstant) + 1% on coinapult = 5.5% + $1 fee
it sucks but... easiest I've found
Title: Re: Bitinstant Question
Post by: IamaLizard on May 14, 2012, 01:26 pm
so with this method its not necessary to have a mt gox account?
Title: Re: Bitinstant Question
Post by: wjYDPHnu on May 14, 2012, 02:12 pm
No MTGOX account needed for this method.