Silk Road forums

Discussion => Newbie discussion => Topic started by: Pessimist on August 25, 2013, 10:52 am

Title: Direct deposit to 3rd party for BTC a bad idea?
Post by: Pessimist on August 25, 2013, 10:52 am
Hey all newbie here, so far i've spent a few hours scouring the board and web for information on the best practice to go about my business on here. But i'm just about to buy some BTC and was wondering if it was a bad move to use a 3rd party site (it is a highly trusted one) and pay it via direct bank transfer.
Is this a bad idea as there be a trail on my bank statement to the BTC exchange company. Now i know it's not illegal to actually buy BTC but if i somehow do find myself in front of the LE, this will possible feed their suspicions?

All thoughts appreciated.
Title: Re: Direct deposit to 3rd party for BTC a bad idea?
Post by: kdizzle12 on August 25, 2013, 11:10 am
I'm pretty sure they need a warrant to check your bank records, if you're just buying personal amounts it's doubtful that they'll ever get a warrant to do so.
Title: Re: Direct deposit to 3rd party for BTC a bad idea?
Post by: Pessimist on August 25, 2013, 11:33 am
So your saying it would be wiser to withdraw cash and deposit in person at a local branch to 3rd party BTC exchanger?
Title: Re: Direct deposit to 3rd party for BTC a bad idea?
Post by: Meepss on August 26, 2013, 03:00 am
Why take a chance? Yeah, unlikely to be traced but an anonymous over the counter cash deposit is peace of mind for a bit of effort IMO.
Title: Re: Direct deposit to 3rd party for BTC a bad idea?
Post by: Grey Matter on August 26, 2013, 03:19 am
I'm also in a similar situation, but just searched & found someone locally selling bitcoins at a decent rate. Would I be better off getting them locally, or going through a site that links your bank account & goes through a transfer? Any help is appreciated! Thank you :)
Title: Re: Direct deposit to 3rd party for BTC a bad idea?
Post by: mrsunshine2000 on August 26, 2013, 03:40 am
Personal opinion but if you start being lazy on certain security risks (for example using bank account) it may become a habbit and cause you to be less secure in your future actions. Just my advice.
Title: Re: Direct deposit to 3rd party for BTC a bad idea?
Post by: Koenigsegg on August 26, 2013, 04:09 am
yeah
Title: Re: Direct deposit to 3rd party for BTC a bad idea?
Post by: mrsunshine2000 on August 26, 2013, 04:25 am
Peace of Mind. Nothing can buy that. Especially for us newbies who will be shitting ourselves during the first few orders.