Silk Road forums
Discussion => Security => Topic started by: encryptthis on September 20, 2011, 02:20 am
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I have cash in my account. Now I just need to Buy the Bitcoins. Can someone just quickly explain to me how it's done at exchangebitcoins.com?
The following is on the site:
Buy Bitcoin
Quantity (I need to enter number) ????
Price ($) (I need to enter a price)?????
Total USD:
It's been quite a process learning how all of this works. It's very interesting and I'm ready to give some bitcoins to venders. :-) I just need to understand this last process. Thanks in advance for the answers.
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hey im new here too and used exchangebitcoins.com for my first purchase. its pretty simple once you got money in your account just enter how many bitcoins you want (say 10) and how many usd per a bitcoin (say 5) then it puts up your "bid". took my about an hour~ for someone to fill my bid and me to get my bitcoins. then you can deposit them into your silkroad account (i think you can do more to "clean" the bitcoins if your paranoid)
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You can put money in the account via cash at any bank of America or wells fargo... then you send them the receipt...
they are pretty fast with this... I like the service a lot and I also mine bitcoins.
Once you scan your recpit and e-mail it to them, and have your USD in your account, you go to the TRADE page
You need to pay attention to the ASKS side if you are looking to buy bitcoins - that is the side of people selling X amount of bitcoins for a certain price.
So you'll see something like this:
ASKS:
$6.0000 43 43 255 255 $6.0000
$6.0594 0 43 0 256 $6.0001
$6.1487 0 43 0 256 $6.0002
$6.1869 0 43 1 256 $6.0005
$6.2104 0 43 2 258 $6.0018
$6.2537 0 43 2 259 $6.003
If you want your bitcoins right NOW - well there is a dude selling 43 for $6 bucks each.. so you go
to your Buy Bitcoin box, enter how many you want to buy (less than 43) and in prince$ you put 6.0000
If all goes well since they are available you will instantly have them.
then you go to to your withdraw section, enter your bitcoin wallet address, and send them on there way... you should have them with 15 minutes depending...
ExchB takes a small fee but it's not much
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exchangebitcoins IMO is the easiest and fastest. Just be sure to make a fake identity with tormail that is not in anyway related to your other stuff (SR and online wallets and such). And never log in without using TOR. That way, the only way they could know your identity is by the cameras at the bank.