Silk Road forums
Discussion => Security => Topic started by: TalkingHead on January 20, 2012, 05:14 pm
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Go to BitInstant.com. They're now taking cash deposits (through TrustCash) from a number of banks (for a 4.99% fee up to $100 and 4.49% for over $100). They then transfer that money directly to Mt. Gox, Trade Hill or CryptoXChange, often within an hour of deposit, depending on the time of day. TrustCash says deposits are cleared every hour or by the end of the day. My deposit was at Mt. Gox by the time I got home from the bank. Buy your bitcoins there and then you just transfer it into your account here at SR.
After you fill out the form at BitInstant it opens another window for TrustCash. There you enter any zip code you want and a bunch of local bank branches comes up. You pick one and print out an invoice to take with you to make your deposit. The instructions are on the invoice. What's important is that you go to the EXACT branch you chose earlier and deposit the exact amount (plus $1.10 handling fee).
It's so easy and there's no paper trail at all.