Silk Road forums
Discussion => Newbie discussion => Topic started by: dabchill on September 14, 2013, 10:56 pm
-
Gonna be using SR for the first time. What's the best/easiest method of turning my money in the bank into BTC? Also, how do I shuffle in SR? How's the communication work? Finally, if someone can help me with a little GPG practice (I think you gimme a public key, I encrypt some random message, and you lemme know if it came out right) so I know I don't send the guy jibberish, that would be rly appreciated!! (And I'll +rep you if I'm able to do that already). Also, sorry for the new thread... multitasking.
edit: gonna use the sticky***
-
I assume you live in america so as all other americans love localbitcoins ill say use them.
You can tumble the btc by getting a wallet from blockchain.info
For pgp practice go to the pgp thread at the top
-
I assume you live in america so as all other americans love localbitcoins ill say use them.
You can tumble the btc by getting a wallet from blockchain.info
For pgp practice go to the pgp thread at the top
Yup! PGP thread helped big-time with figuring out how that part works.
-
localbitcoins is prob easiest and most convinient
-
localbitcoins is prob easiest and most convinient
I agree, localbitcoins is my primary method.
-
What about Coinbase, then tumbling? Seems faster and cheaper and I'm guessing tumblng takes care of the rest?
-
It's not just Americans that love localbitcoins, everyone does.
If you send direct to SR, then the tumbler will not hide that (it will only hide what transactions your bitcoins went to). There's nothing necessarily illegal about sending bitcoins to SR, so it's personal preference whether you want this fact to be public or not. If you want to completely hide the destination of your coins, then the cheapest option is to create a wallet on blockchain.info (doesn't matter if done through tor or clearnet). Send your newly-bought coins to blockchain, then do a "Shared Send" to get them to SR. Blockchain charge 0.5% commission.
An alternative to blockchain is to use bitcoinfog, but they charge 1-3%.
-
It's not just Americans that love localbitcoins, everyone does.
If you send direct to SR, then the tumbler will not hide that (it will only hide what transactions your bitcoins went to). There's nothing necessarily illegal about sending bitcoins to SR, so it's personal preference whether you want this fact to be public or not. If you want to completely hide the destination of your coins, then the cheapest option is to create a wallet on blockchain.info (doesn't matter if done through tor or clearnet). Send your newly-bought coins to blockchain, then do a "Shared Send" to get them to SR. Blockchain charge 0.5% commission.
An alternative to blockchain is to use bitcoinfog, but they charge 1-3%.
amazing help.
thank you man.
-
It's not just Americans that love localbitcoins, everyone does.
If you send direct to SR, then the tumbler will not hide that (it will only hide what transactions your bitcoins went to). There's nothing necessarily illegal about sending bitcoins to SR, so it's personal preference whether you want this fact to be public or not. If you want to completely hide the destination of your coins, then the cheapest option is to create a wallet on blockchain.info (doesn't matter if done through tor or clearnet). Send your newly-bought coins to blockchain, then do a "Shared Send" to get them to SR. Blockchain charge 0.5% commission.
An alternative to blockchain is to use bitcoinfog, but they charge 1-3%.
Really because its fucking useless in Australia so what other countrys love it?
-
I vote for localbitcoin as well, then create a online (or offline) wallet and transfer your bitcoins to. From there u can transfer them to SR.
From LB to the wallet the transaction usually goes within a second. But don't get stressed out if ur btc doesn't show up on SR for an hour or so. SOmetimes it takes time, but they will come to ur account, be sure.
-
I vote for localbitcoin as well, then create a online (or offline) wallet and transfer your bitcoins to. From there u can transfer them to SR.
From LB to the wallet the transaction usually goes within a second. But don't get stressed out if ur btc doesn't show up on SR for an hour or so. SOmetimes it takes time, but they will come to ur account, be sure.
Yeah but it seems from what you guys are saying that localbitcoin is just for acquiring them and that if you do a wallet transfer to one that isn't directly linked to you, then it's all cool... I'm not localbitcoin-savvy yet but I've only been finding prices well above the real exchange rate which is what had me wondering why ppl love it so much.
-
I like localbitcoins because it's just easier to use, and you can literally have coins withing 5 minutes of visiting the site for the first time. I tried signing up to an exchange or two in my early days, but either it was a pain in the ass getting funds into the exchange account (takes quite a few working days for the various banks to process the transfer), or the exchange flat out ignored my application.
Regarding cost, I found it used to be more expensive than exchange rates, but now it's very competitive (at least in UK).