Silk Road forums
Discussion => Security => Topic started by: Td1j83TftR on March 06, 2012, 08:04 pm
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Hi I have been on SR for awhile now and one thing that fucks me everytime is how much money gets lost/taken out by fees in converting USD to BTC. For every 1k i spend it seems like about $100 extra for that stuff. I have been trying to find a consistent CHEAP way to get BTC. Being fast is another important thing but if there is even a way where i can buy a large amount at once and save for later if that is cheaper id also be willing to do that. If anyone can help or has any input on this let me know!
Thanks,
Td
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For a limited time all cash transactions ie Western union,Moneygram, bank wire or other e-currencies are fee free for a limited time just do not mention SR.
Current selling price for bits is only $4.99us
http://wm-center.com
Read about it here https://bitcointalk.org/index.php?topic=25325.20
Scroll down to bottom of page.
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thank you thats good to know if i didnt need some by tonight i would do that now but i have no cash in my paypal :(. Thanks though i will check it out next week if its still going.
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$USD > Your bank > Dwolla.com > MtGox > $BTC
Some people worry about their coins possibly being connected to their bank account through Dwolla, but I doubt that would ever get anyone in trouble unless they were moving huge volume. Dwolla charges $.25 per transaction, and MtGox is something like .6%.
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Wow, you're right about one thing OldGuard, cheap btc! Also, yeah btc vendors are charging a little much, but hey, we've ll gotta eat. I mean, hell, I wish btc were free but..
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Finally, this is the post I have been looking for.
wm-center looks pretty solid and cheap, I can finally start my voyage.
-dl
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I'd love the answer for this also.
I used mtgox first but ended up getting my account flagged and they wouldnt release my btc until I sent ID to verify my account. that defeats the whole anonymous thing. It took me a week to finally get my money & it scared me from using them again.
I'd love to find an easy, cheap way to get bitcoins. The vendors on SR do charge a bit but they are fast and easy and its basically anonymous so much less worry and you can get btc in minutes to a few hours (depending on seller) if you REALLY want to buy something right away and cant wait days to get btc. They send btc directly to your SR wallet ready to spend.
You are basically paying them for the convience and to get your btc FAST.
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Why cant you use wm-center.com and use moneygram, etc? That seems cheap, easy, and fast.
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thank you thats good to know if i didnt need some by tonight i would do that now but i have no cash in my paypal :(. Thanks though i will check it out next week if its still going.
They have the paypal logo but I can't find the option to use paypal. It tells me it's unavailable; maybe it's a feature they plan to use in the future or something that's only available in some countries.
The Paypal logo is there because if you sell them something they will pay you with Paypay if you want but they DO NOT accept Paypal as a form of payment for any of the e-currencies they sell.
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wm-center doesn't seem to work in the UK?
edit: nevermind; was listed as GB, not UK
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Even when using WM-center you've still got to get money to them via moneygram or WU, which charge their own fees. I was looking to buy 150 worth of bitcoins and while wm-center wont charge any money i was still looking at over 5% from the WU.
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canadianbitcoins.com interac e-transfers, almost instantaneous. longest its taken me so far is an hour