Silk Road forums

Discussion => Newbie discussion => Topic started by: hayzeus on July 25, 2013, 11:16 pm

Title: Coinbase to Silkroad?
Post by: hayzeus on July 25, 2013, 11:16 pm
Man, I've spent the last WEEK studying all this stuff and my mind is in JUMBLES.  Just when I think I've got it all down, I read something else that leads me to believe I am not going to do something right!  The last 2 days have been PGP to my DOME!  AHHH!

Anyways, so I bought 1.5 btc on COINBASE on Monday.  This is my first purchase and they will be in my wallet on Friday (tomorrow).  I am going to be ready to transfer them to SR immediately!

So my question is, am I missing a step?  Can I transfer my coins directly from my coinbase account to SR?  Do I have to move my btc from coinbase to an outside wallet, then into my SR wallet? 

Can someone just explain this LAST step to me?  After an entire week of studying it all boils down to tomorrow afternoon.  I just need to know this one last detail.   COINBASE >  ?????  >  Silk Road Wallet code ?
Title: Re: Coinbase to Silkroad?
Post by: HappyShroomer on July 25, 2013, 11:36 pm
I've never used coinbase but I suppose they have a wallet? If so then yes you can transfer to SR from that wallet.
Title: Re: Coinbase to Silkroad?
Post by: hayzeus on July 25, 2013, 11:40 pm
I guess that is my biggest question.  When my coins show up in my "account" on coinbase tomorrow, is that considered a wallet? 
Title: Re: Coinbase to Silkroad?
Post by: SmokesHisBroccoli on July 25, 2013, 11:51 pm
Yes it is considered a wallet.  On the main page as soon as you login you can click "send money" and send it to any bitcoin address you'd like.  If you go to account tools and then integration you can see your the bitcoin address for your wallet if you ever wanted to send bitcoins from SR back to coinbase. 

I would recommend doing a coin tumble by sending it to another wallet or two instead of going straight from coinbase into SR.  Blockchain.info will allow you to easily setup a free wallet. 

So you go from coinbase to blockchain.info to another wallet on blockchain.info or another site to SR. 
Title: Re: Coinbase to Silkroad?
Post by: HappyShroomer on July 25, 2013, 11:53 pm
Yes I would assume. Go to the site and play around with it and see if what I said previously will apply to your situation, I'm sure it will.
Title: Re: Coinbase to Silkroad?
Post by: hayzeus on July 25, 2013, 11:55 pm
Why would you add in the two wallets in between COINBASE > Silk Road?

I keep reading that SR tumbles the coins and makes them untraceable.
Title: Re: Coinbase to Silkroad?
Post by: HappyShroomer on July 25, 2013, 11:55 pm
Well there you go, a man with Coinbase experience.
Title: Re: Coinbase to Silkroad?
Post by: hayzeus on July 26, 2013, 12:10 am
Yeah, I'm just not sure that bouncing my btc from wallet to wallet to wallet before it hits my SR wallet, really makes any difference.  SR tumbles them automatically right?

How do you buy your BTC and transfer them HappyShroomer?  How many buys have you made so far?
Title: Re: Coinbase to Silkroad?
Post by: HappyShroomer on July 26, 2013, 12:17 am
I've made several, and yes it does tumble coin for you. I don't worry about xfering coin from SR to a different wallet.
Title: Re: Coinbase to Silkroad?
Post by: hayzeus on July 26, 2013, 12:19 am
So you would just send straight from your coinbase wallet where you bought the coines?  Are you aware that when you buy from coinbase it comes directly from your bank account?  There is nothing close to anonymous about coinbase.  Is it still safe? 
Title: Re: Coinbase to Silkroad?
Post by: PureEnergy on July 26, 2013, 12:29 am
- USB running Tor, for browsing Silk Road
- USB with PGP installed on an encrypted hidden volume, for sending address
- Localbitcoins.com for purchasing coins

My coins go from the localbitcoins seller, into a temp blockchain wallet and then into SR. You can use a service such as bitcoinfog if need be.
Title: Re: Coinbase to Silkroad?
Post by: HappyShroomer on July 26, 2013, 12:30 am
I've never used Coinbase. I always use Localbitcoin.com. I think it is the best way to buy and sell coin IMO.
Title: Re: Coinbase to Silkroad?
Post by: 7Kz2 on July 26, 2013, 12:30 am
Yes Coinbase allows you to send btc to a specific btc address.
Title: Re: Coinbase to Silkroad?
Post by: TriedItAll on July 26, 2013, 03:06 am
do not use coinbase to buy BTC that you transfer to SR...coinbase is linked directly to you...you are MUCH safer buying coins from localbitcoins.com via cash deposit at a bank and then moving around from there (still on Tor if you want)...it is the fastest, most anonymous way and then you have bitcoins that are not tied to you or your ID in any way.

i have used this guy on many occasions because he is so fast as you can see by his feedback

https://localbitcoins.com/ad/22396/purchase-bitcoin-cash-deposit-chase-bank-united-states

there are other methods to buy like mailing cash, but that is by far the fastest and most efficient.

DO NOT use coinbase to buy coins for illicit ends

take care!
Title: Re: Coinbase to Silkroad?
Post by: mrmoonman on July 26, 2013, 03:17 am
Its legal though right? to buy BTC that is, so if its untraceable and tumbled X amount of times..shouldn't you be in the clear? Theoreticially speaking, yes..

sorry i'm a newb and just wondering, if they can't trace it. Why not?

How many people here have used/use Coinbase?

Subbed by the way
Title: Re: Coinbase to Silkroad?
Post by: TriedItAll on July 26, 2013, 03:26 am
i use coinbase for legit distribution of BTC, but not for illicit activities...you are wise to use Local BTC as it will just take any chance that you will be tied to coins that got used for bad things.  Coinbase does have your social sec info, your bank account, name, birthday, how many freckles you have, etc.  It should be only used for redistribution of coins in my opinion

Title: Re: Coinbase to Silkroad?
Post by: mrmoonman on July 26, 2013, 03:38 am
If you can use something like btc fogger or something of the like, than isn't it still possible to remain anonymous as, its almost impossible to find out where the btc really went, as it gets lost in all of the other transactions?
Title: Re: Coinbase to Silkroad?
Post by: angelicruin on July 26, 2013, 04:15 am
TriedItAll~~
Thanks so much for your explanation on the btc process.  I've read quite a lot about it and ended up more confused and you clarified it all in a couple of sentences.  Thanks for the btc dealer recommendation for localbitcoindealers.com also.  From what I've been reading, this seems to be the way to go.
Title: Re: Coinbase to Silkroad?
Post by: TriedItAll on July 26, 2013, 02:35 pm
TriedItAll~~
Thanks so much for your explanation on the btc process.  I've read quite a lot about it and ended up more confused and you clarified it all in a couple of sentences.  Thanks for the btc dealer recommendation for localbitcoindealers.com also.  From what I've been reading, this seems to be the way to go.

glad i could help, best of luck to you!
Title: Re: Coinbase to Silkroad?
Post by: sativanist on July 26, 2013, 03:12 pm
I am a newbie here but have years of exp with online vendors.

Things have evolved from the 90s when it was cash in registered letters. It was a system based on trust and friendship.

Now there are snoops and spooks prying into everything. If you are dealing with strangers, you have to be anonymous and invisible.

There is sure as hell a lot of computer shit to learn in order to take advantage of all the great stuff that is available on SR. Geez! It has been quite an education already and I am only in first grade.   ::) But it is going to be well worth my effort.

Once things get rolling I will be stocking up on several items which I have become fond of over my 40+ years of self-medication. I have not had this kind of choice since college in the 70s, can't stop drooling   :P

I want to thank TriedItAll for his information. Anything worth doing is worth doing right. Much appreciated mon!   ;)

Title: Re: Coinbase to Silkroad?
Post by: TriedItAll on July 26, 2013, 03:25 pm
I am a newbie here but have years of exp with online vendors.

Things have evolved from the 90s when it was cash in registered letters. It was a system based on trust and friendship.

Now there are snoops and spooks prying into everything. If you are dealing with strangers, you have to be anonymous and invisible.

There is sure as hell a lot of computer shit to learn in order to take advantage of all the great stuff that is available on SR. Geez! It has been quite an education already and I am only in first grade.   ::) But it is going to be well worth my effort.

Once things get rolling I will be stocking up on several items which I have become fond of over my 40+ years of self-medication. I have not had this kind of choice since college in the 70s, can't stop drooling   :P

I want to thank TriedItAll for his information. Anything worth doing is worth doing right. Much appreciated mon!   ;)

Very welcome.  He you mentioned mailing cash, well you can even do that on LocalBTC like the same vendor I was talking about for cash deposit does mail-in cash as well via registered mail:

https://localbitcoins.com/ad/16140/purchase-bitcoin-cash-by-mail-united-states

not as fast or quite as anonymous, but pretty damn convenient.

anyways, thanks for you post!
Title: Re: Coinbase to Silkroad?
Post by: johnbrown on July 26, 2013, 03:28 pm
used to like coinbase until they required you to do i.d. verification
Title: Re: Coinbase to Silkroad?
Post by: TriedItAll on July 26, 2013, 03:34 pm
used to like coinbase until they required you to do i.d. verification

indeed, better off using bank deposit via local

https://localbitcoins.com/ad/22396/purchase-bitcoin-cash-deposit-chase-bank-united-states
Title: Re: Coinbase to Silkroad?
Post by: hayzeus on July 26, 2013, 05:19 pm
Well I have already used COINBASE for my first transaction of coins.  So I will transfer the btc to btcfogger wallet or that other coin wallet you keep talking about.  Then once it's gone through that anonymous wallet, I will transfer to silkroad.  That seems safe enough.  Once COINBASE sends it to btcfogger wallet those btc become anonymous, then when I send them to SR from btcfogger they will be tumbled again.

That will leave zero trace to me, correct?


Thank you for all your info TriedItAll.  I actually set up a deal with you Chase Bank guy yesterday but I missed the closing of the bank by 2 minutes!  He wants STEEP prices for his coins though.  When I first checked him out yesterday they were at $102.  Then I cancelled my order and clicked on his page again 20 minutes later and he was charging $106!  That's wild and way over priced.... I wish I could find another guy who was selling them for the $96 range like everyone else, but able to do BOFA or Chase deposits to.

If anyone finds another person who is selling coins through a Bank of America or Chase bank deposit, I would love to deal with them for my future coins.

Thanks again.

Title: Re: Coinbase to Silkroad?
Post by: hayzeus on July 26, 2013, 06:01 pm
Okay... So I got my BLOCKCHAIN wallet set up.  So I am going to do this for my first transfer:

COINBASE > BLOCKCHAIN.INFO > SILKROAD

That should be totally solid right?!


Also - How long will it take to transfer my coinbase btc over to my blockchain wallet?  I know it will take 2-6 hours from blockchain > SilkRoad,  but I'm curious how long it will take to get from COINBASE > Blockchain. 

My coins aren't going to be in my coinbase accnt until 3:00pm PST today.  So it's already going to be around 10pm before I get my order in just with the SR transfer from coinbase.  HOping this added step wont take 4 hours as well.  I'm really hoping to make my first purchase tonight!
Title: Re: Coinbase to Silkroad?
Post by: TriedItAll on July 26, 2013, 06:32 pm
Okay... So I got my BLOCKCHAIN wallet set up.  So I am going to do this for my first transfer:

COINBASE > BLOCKCHAIN.INFO > SILKROAD

That should be totally solid right?!


Also - How long will it take to transfer my coinbase btc over to my blockchain wallet?  I know it will take 2-6 hours from blockchain > SilkRoad,  but I'm curious how long it will take to get from COINBASE > Blockchain. 

My coins aren't going to be in my coinbase accnt until 3:00pm PST today.  So it's already going to be around 10pm before I get my order in just with the SR transfer from coinbase.  HOping this added step wont take 4 hours as well.  I'm really hoping to make my first purchase tonight!

You are really safer and better off buying anonymously via LocalBTC and then sending to SR from there if that is what you intend to do.

https://localbitcoins.com/buy-bitcoins-online/usd/cash-deposit/

You can also do the whole process in a couple of hours during banking hours, have no trail, and be done with it. Best of luck to you, though.
Title: Re: Coinbase to Silkroad?
Post by: hayzeus on July 26, 2013, 08:54 pm
For my future purchases of BTC I am going to do your method.  But I set up a COINBASE account 4 days ago (Monday) and made a 1.5 btc purchase.  My coins won't even show up until today in the next 3 hours.  So I am already in this scenario for now. 

I don't think I should have any problem with the blockchain wallet to put an extra tumble on the coinage this one time?  It will be anonymously tumbled 2 times on TOR before I spend it on SR.  I don't know how they could trace that back to me.

Title: Re: Coinbase to Silkroad?
Post by: honeyham on July 26, 2013, 09:01 pm
I use coinbase to buy BTC since their xchange is more favorable than campBX or gox.  The purchase is instant since I'm verified with them.   I then send the coins to my encrypeted electrum wallet and then xfer to SR.  For what I'm doing, it would be an amount of cybersleuthing which I don't think LE would find worth it.  I like the instant purchase and xchange with coinbase.
Title: Re: Coinbase to Silkroad?
Post by: PureEnergy on July 26, 2013, 11:53 pm
It should be only used for redistribution of coins in my opinion

GFT
Title: Re: Coinbase to Silkroad?
Post by: awkwardalchemist on July 27, 2013, 10:20 am
I think several people are not quite thinking straight.  Let me clarify:  what they're saying about purchasing BTC through localbitcoins being the best way to do it is, without a doubt, true.  However, insisting that it is unsafe to purchase BTC through Coinbase for use on SR is misinformation, in my opinion.

Yes, Coinbase knows who you are.  They have your social security number, name, and bank account information.  However, purchasing BTC is legal.  Once you have BTC, who you send them to is completely anonymous.  Deposit addresses for Silk Road accounts are not in any way tied to Silk Road, they're just BTC addresses.  There is no distinguishing a Silk Road address from a non-Silk Road address.  Every time you deposit coins into Silk Road, get a new deposit address.  That way, it consistently looks like you're sending BTC to different people.  Silk Road tumbles coins on top of that, so really there is nothing to worry about.

Even if you're investigated by LE, all they will be able to tell is that you've purchased Bitcoins.  Why?  Investment, of course.  They can't prove otherwise.  Or, making small donations or purchases from people you know in real life.  There is no link between destination addresses and Silk Road, especially if you're consistently sending them to new deposit addresses.

In other words, you're fine buying BTC on Coinbase for Silk Road.  If you get busted, Coinbase will not be the reason why.  It's certainly the most convenient method of buying Bitcoins once you have a Level 2 Account.  I can decide I want some drugs, have Bitcoin less than 30 seconds later, wait an hour for them to deposit into my SR account, and then place my order.  It's not for those who are overly paranoid about security, simply on principle.  And being overly paranoid can be a good thing.  I personally am extremely careful about many things, buying Bitcoin is not one of them simply due to the anonymous nature of the currency in the first place.  Picking one's battles, and all that.
Title: Re: Coinbase to Silkroad?
Post by: plainsman1963 on July 27, 2013, 03:13 pm
I agree completely with awkward. Having used coinbase now for a few months and being a personal use buyer, I have nothing but good things to say about coinbase.

If your goal is to stay anonymous throughout the whole process, then coinbase isn't for you. If you understand bit coins aren't illegal to buy and use some common sense tumbling your coins, I see no inherent danger using coinbase. At least, it's working for me and I have none of the problems I am seeing recently in the forums; "how do I ever get bitcoins?"...

I can have them in my SR account within an hour of deciding to buy them.
Title: Re: Coinbase to Silkroad?
Post by: jarodfromsubway on July 27, 2013, 09:17 pm
I think several people are not quite thinking straight.  Let me clarify:  what they're saying about purchasing BTC through localbitcoins being the best way to do it is, without a doubt, true.  However, insisting that it is unsafe to purchase BTC through Coinbase for use on SR is misinformation, in my opinion.

Yes, Coinbase knows who you are.  They have your social security number, name, and bank account information.  However, purchasing BTC is legal.  Once you have BTC, who you send them to is completely anonymous.  Deposit addresses for Silk Road accounts are not in any way tied to Silk Road, they're just BTC addresses.  There is no distinguishing a Silk Road address from a non-Silk Road address.  Every time you deposit coins into Silk Road, get a new deposit address.  That way, it consistently looks like you're sending BTC to different people.  Silk Road tumbles coins on top of that, so really there is nothing to worry about.

Even if you're investigated by LE, all they will be able to tell is that you've purchased Bitcoins.  Why?  Investment, of course.  They can't prove otherwise.  Or, making small donations or purchases from people you know in real life.  There is no link between destination addresses and Silk Road, especially if you're consistently sending them to new deposit addresses.

In other words, you're fine buying BTC on Coinbase for Silk Road.  If you get busted, Coinbase will not be the reason why.  It's certainly the most convenient method of buying Bitcoins once you have a Level 2 Account.  I can decide I want some drugs, have Bitcoin less than 30 seconds later, wait an hour for them to deposit into my SR account, and then place my order.  It's not for those who are overly paranoid about security, simply on principle.  And being overly paranoid can be a good thing.  I personally am extremely careful about many things, buying Bitcoin is not one of them simply due to the anonymous nature of the currency in the first place.  Picking one's battles, and all that.

Thanks for clearing that up, I was worried about using coinbase but now not so much.
Title: Re: Coinbase to Silkroad?
Post by: garyoldman on July 27, 2013, 09:38 pm
I would not go coinbase to silk road.

Go coinbase ---> third party BTC wallet ---> Silk Road.

PM me if you want further instructions.
Title: Re: Coinbase to Silkroad?
Post by: hayzeus on July 28, 2013, 12:25 am
So I purchased my coins through COINBASE.  I then transfered them into a BLOCKCHAIN wallet (just as EXTRA precaution, then transfered into SILKROAD.  Once the coins were in my coinbase account (took 4 days and will take that long for the first month I have the account, then it goes to level 2 and is instant transfers), it only took about 2-3 hours until I was able to shop on Silk Road.  It was seamless and simple, and I feel very anonymous once it left my COINBASE account.
Title: Re: Coinbase to Silkroad?
Post by: Anti-Dumbass Club on July 28, 2013, 12:49 am
i was under the impression that websites can tell that you're sending funds to SR. That the wallet address for your SR account is "labeled" as being sent to SR. Like if you're on coinbase and you send money to ur SR address, there is evidence that the address ur sending it to is on the SR domain.

I don't know if i'm explaining that clearly enough but I would never send coin from anywhere that has my personal i.d. info straight to SR.
Title: Re: Coinbase to Silkroad?
Post by: feemsteam on July 28, 2013, 01:30 am
After trying various methods coinbase has become my go to site for btc.... once a level two its probably the best option. You can be done with everything from buying your btc to ordering whatever floats your boat in a couple of hours.

Title: Re: Coinbase to Silkroad?
Post by: Vanquish on July 28, 2013, 01:35 am
I love Coinbase, though I'm having issues getting Level 2 verified.
I have certified all my information is correct and it still gets denied.
Every 24 hours I try again, and the same thing every time.
Really have no fucking clue what the problem is.
Title: Re: Coinbase to Silkroad?
Post by: feemsteam on July 28, 2013, 01:46 am
I love Coinbase, though I'm having issues getting Level 2 verified.
I have certified all my information is correct and it still gets denied.
Every 24 hours I try again, and the same thing every time.
Really have no fucking clue what the problem is.

Trying sending them an email. Anyone have any clue on how they manage to keep their prices well below other sites such as mtgox.... even currently they're 5usd cheaper on coinbase.

A quick turn around seems tempting if youre limited to 50 once a level two. 50x5= 250 for doing near nothing.
Title: Re: Coinbase to Silkroad?
Post by: hayzeus on July 29, 2013, 07:28 pm
Feemsteam -

You just asked how coinbase keeps their coins $5 cheaper than COINBASE.

Am I reading something incorrectly here?


In the end, I find that COINBASE > BLOCKCHAIN.INFO > SILK ROAD is a VERY safe, fast, and secure way to purchase and transfer my BTC around.  They are tumbled two times by the time they hit the silk road so there is NO way they can trace you personal info back to them.  Once the BTC hits BLOCKCHAIN, there is no tracing anything back.  It's just an added layer of protection before sending to SILKROAD.

Also, blockchain only charges 0.0005 BTC to transfer your funds out of.  That's a hell of a deal for such great tumbling.
Title: Re: Coinbase to Silkroad?
Post by: mcguire39 on July 29, 2013, 07:31 pm
I have not tested it for myself but I heard blockchain's shared send leaves quite a bit of taint in the output coins. Yes it gets routed through a shared wallet but I've heard you get back quite a bit of the same coin you put in.
Title: Re: Coinbase to Silkroad?
Post by: mrmoonman on July 29, 2013, 10:09 pm
Lots of misinformation about the BTC market. Please provide proof of things you are stating.
Title: Re: Coinbase to Silkroad?
Post by: rynoragin on July 30, 2013, 12:17 am
I'm very glad this thread was started. I am in the process of my first transaction using coinbase. Seems pretty easy once you get through the first transaction(which i've yet to do). My first time I gave them my routing and account number and the night before it was supposed to go through it cancelled saying the bank didn't have that account. So I called my bank and they told me to use a special routing number used for wire transfers. They didn't know I was using coinbase, I just let them know my transfer didnt work and they told me to do that. I'm now waiting for the funds to go through and my bitcoins to be purchased. PRAYING it works this time. Been very frustrated. I am also going to be tumbling my coins before transferring them to SR. Has anyone else had this problem? Thanks guys!!

Ryno
Title: Re: Coinbase to Silkroad?
Post by: greencheebz on July 30, 2013, 12:21 am
never used it
Title: Re: Coinbase to Silkroad?
Post by: anontoker on July 30, 2013, 12:24 am
Will be using it..and of course flipping them before deposit.
Then I'm in weed/hash heavan in a short time.