Silk Road forums
Discussion => Security => Topic started by: darthvaderstar on April 02, 2012, 06:46 pm
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I don't want to use a bank account and want to do it this way if possible..
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I don't think their are any websites doing moneypak to btc. Only individuals. There are 2 reliable individuals on SR that do the conversions for you, albeit at a fee.
I personally just used sugar mama for my conversion. Took about 3 days for her to cash them. Basically she waits until the bitcoins are ready to send to you before cashing your moneypak, so right when it's cashed you have your coins, it just takes her a few days to get to your order, as it's first come first serve basis. Above $500 MPs she has the best conversion rate. I got confused & thought her rates were based off the total your converting, i.e. i cashed over $1500+ & had a $500+, $500+ & $200+, well the two $500+ i got a 8% rate on, then the $200+ i had to pay like a 17% fee, which kind of sucked.
My first time buying moneypaks too. CVS/Rite Aid & i guess all regular shit stores have $500 limit cards. Walmart was only place i saw that had $1000 limit cards. Keep this in mind. I would have had 8% conversion rate if i had just went to 2 wal-marts, but instead i got stuck with an extra $5 fee (from moneypak) & a higher conversion fee.
Honestly cheapest & fastest way is bank xfer to certain BTC sellers who accept it. No id needed. I only not looking to do it cause i'm doing $1000s at a time & id or no id $1000s in cash in the usa is suspicious to anyone. Tons of people buy moneypaks evertday though.
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as i looked around more i decided to do that, im gonna go with BTBbuddy for my bitcoins. thanks!
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#bitcoin-otc there are moneypak guy's there too
Same with on bitcointalk.org forums under currency exchange
https://bitcointalk.org/index.php?board=53.0
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good communication, i was worried at first since this was my first time at buying anything here. i had a small amount in my moneypak but he still came through in less than 24 hours and his fee wasn't that much. A+