Silk Road forums

Discussion => Security => Topic started by: arthurdayne on August 15, 2012, 06:53 pm

Title: Cashing Out
Post by: arthurdayne on August 15, 2012, 06:53 pm
I am extremely confused about cashing out btc. I just want to wire the USD into my bank account, but there seem to be so many places ( Dwolla, Crypto, MTGox, Aurum, ec.} that seem to crossadvertise and duplicate services. I cannot figure out exactly what each one does. Why isn't there one I can use to buy and sell both, or at least cash out in one easy step?
     Also, when I eventually do this, am I then to become aware of some previously unmentioned delays?
Title: Re: Cashing Out
Post by: Shroomeister on August 15, 2012, 07:20 pm
You can do it all at Mt. Gox

I would AT LEAST make sure your coins are clean before they get to Mt. Gox

Once there you have to prove who you are submit ID and all. and bank account info.

After all that you can convert your BTC to USD and then wire it to your linked bank account.


I did  this once back in the day of OG bitcoins. I recall the bank wire taking like 10 days. They were legit clean coins. I didnt see any use for BTC back then ;)

I don't know how long it takes now. :\

Hope that helps. Be safe.
Title: Re: Cashing Out
Post by: Shroomeister on August 15, 2012, 07:22 pm
Oh yeah, and I think it is "bitinstant" that will let you "wire" directly to a paypal account.

Again I have not done any of this since I been on the road it was all a couple years ago at least.
Title: Re: Cashing Out
Post by: rise_against on August 15, 2012, 11:09 pm
i would advise not using paypal, they will freeze your funds faster than you can say the word defraud for any action(s) they deem "suspicious". trust me, i know from personal experience. do not deal with those effing crooks. 
Title: Re: Cashing Out
Post by: Shroomeister on August 16, 2012, 12:18 am
i would advise not using paypal, they will freeze your funds faster than you can say the word defraud for any action(s) they deem "suspicious". trust me, i know from personal experience. do not deal with those effing crooks.

...yup. and they deem anything other ebay "suspicious" :)
Title: Re: Cashing Out
Post by: Limetless on August 16, 2012, 12:22 am
If ya wana learn how to do it properly come and see me, you will need to have 50+ sales though.
Title: Re: Cashing Out
Post by: jameslink2 on August 16, 2012, 12:29 am
i would advise not using paypal, they will freeze your funds faster than you can say the word defraud for any action(s) they deem "suspicious". trust me, i know from personal experience. do not deal with those effing crooks.

Shit, if you want to have fun with the odd e-bay seller that gives you a hard time or is an ass just put "Thanks for the porn DVD" or "Looking forward to the weed, cool the way you sell it on e-bay" in the comments section of the paypal payment. They will lock the sellers account in under 15 min.

I don't trust paypal at all!
Title: Re: Cashing Out
Post by: Shroomeister on August 16, 2012, 12:36 am
If ya wana learn how to do it properly come and see me, you will need to have 50+ sales though.

But do not PM him. He doesn't reply to that. you have to find his front door and knock on it.  :P
Title: Re: Cashing Out
Post by: Limetless on August 16, 2012, 12:37 am
If ya wana learn how to do it properly come and see me, you will need to have 50+ sales though.

But do not PM him. He doesn't reply to that. you have to find his front door and knock on it.  :P

Lol yes I know I'm crap sometimes but most of the tims I'm grade A spankin'  8)
Title: Re: Cashing Out
Post by: Shroomeister on August 16, 2012, 12:38 am
i would advise not using paypal, they will freeze your funds faster than you can say the word defraud for any action(s) they deem "suspicious". trust me, i know from personal experience. do not deal with those effing crooks.

Shit, if you want to have fun with the odd e-bay seller that gives you a hard time or is an ass just put "Thanks for the porn DVD" or "Looking forward to the weed, cool the way you sell it on e-bay" in the comments section of the paypal payment. They will lock the sellers account in under 15 min.

I don't trust paypal at all!

reminds me of back in the day - use to trade legit PC parts with a couple friends across the country. This one guy would always put

"big black dildo"
"32oz of Anal Ease"

as the listed contents on the UPS sticker on the box....then that shit would show up at my house and have a video card in it.
Title: Re: Cashing Out
Post by: Shroomeister on August 16, 2012, 12:38 am
If ya wana learn how to do it properly come and see me, you will need to have 50+ sales though.

But do not PM him. He doesn't reply to that. you have to find his front door and knock on it.  :P

Lol yes I know I'm crap sometimes but most of the tims I'm grade A spankin'  8)


Just have to track you down the the actual thread you are posting in and catch you there.

LIKE THIS!
Title: Re: Cashing Out
Post by: Limetless on August 16, 2012, 12:40 am
;)
Title: Re: Cashing Out
Post by: rise_against on August 16, 2012, 07:29 am
Yea, i've pissed off my share of ebay vendors in my day, but it wasnt anyone who didnt deserve it.  if only i felt safe about going  into details.....