Silk Road forums

Support => Technical support => Topic started by: owen24 on April 03, 2012, 02:31 am

Title: Buyers; Where do you get your BTC? Vendors; How do you cash your BTC?
Post by: owen24 on April 03, 2012, 02:31 am
So I just recently hopped on the whole deepnet thing, I've vended legal research chemicals for a good while off and on. I really love the whole internet scene but it seems like it may be time to move on from specifically dealing in unscheduled RC's and onto the world of just straight drug dealing lol. I can get very high quality Cannabis at a good price, I can get verifiable LSD at a good price all IRL. I have MANY connections for illegal psychedelics (DOx, 5-meo-dipt/dmt, 2c-b, 2c-t-7, ect).. I'm considering vending on SR but I want to do some homework first, namely on trading bitcoins and how to covertly ship said products. So lets start with the dollar signs; where can I go to get some bitcoins? I want to make a few purchases before attempting to sell. And lets say I did sell, how can I get some real paper money out of the equation without being taxed into the red by these trading services and without compromising myself? From reading so far I've gathered the names Aurumxchange and Intersango.com.. Are these two reputable?

Please share your experiences, I need some anecdotes, links, cool stories, tall tales, ect. :)
Title: Re: Buyers; Where do you get your BTC? Vendors; How do you cash your BTC?
Post by: simplyanon on April 03, 2012, 03:48 am
As a new buyer on SR, I used WM-Center. They have a website. Its very simple, you can use credit cards, debit, cash bank deposits to their accounts, wires, Western Union, etc. Fair prices, too, actually undercharged me by .3 bitcoin.

I keep all my funds liquid. Cash is king, right? It was a Sunday (This sunday, actually.) So I went with the Western Union. Walked up to Rite Aid, Paid cash (Plus 29 fucking dollars in fees.) and sent the money to the name and city they specified. After about 8 hours of no response I was like "Damn. Scammed." but I took a nap, woke up, and BOOM, bitcoin chillin in my SR account.

I used the address found on my account page instead of my personal bitcoin address, no issues.

I would imagine you could avoid the 29$ fee by using bank account to bank account transfers, or direct cash deposits, or any method that isnt Western Union.

This link (clearweb, you've been warned.) lists many other bitcoin vendors. https://en.bitcoin.it/wiki/Trade#Currency_exchange


The same way goes for cashing out, I would assume. You send the exchanger bitcoins to their account, and they wire you cash, or deposit it in your bank, checking acct. transfers, etc.

Hope I helped. :D

Title: Re: Buyers; Where do you get your BTC? Vendors; How do you cash your BTC?
Post by: czxtvr on April 03, 2012, 04:59 am
You keep this up simply we're gonna have to vote you straight to hero member....Keep being your brother's keeper!!!!
Title: Re: Buyers; Where do you get your BTC? Vendors; How do you cash your BTC?
Post by: OldGuard on April 03, 2012, 12:24 pm
I use WM as well especially since there is currently no fee from them right now on cash transactions like bank account transfers, WU or Moneygram which is what I use since it is only $10 compared to the high fees that WU charges.
Title: Re: Buyers; Where do you get your BTC? Vendors; How do you cash your BTC?
Post by: onlyone on April 03, 2012, 12:32 pm
Ive made a couple of purchase on SR so far. I hardly have experience, but heres my story:

I went through BTCKing the first time. I made a deposit at a local Bank of america with his acct #.

When i got home from the bank the money was in my silkroad acount! Fucking sweet! Made a few orders got em and life is good.

I also set up a Dwolla account which took time and research. After it was all set up i made a deposit into my account and after it came through (took about a week which sucked nut sack because i wanted to order so badly!!! lol) I transfered the money to different instawallets. I bounced the BTC around to a few different anonymous account numbers and then finally to SR. Once the BTC hit my account i placed my orders and sat back with a huge shit eating grin on my face.

My orders arrived and life is good. Welcome and good luck!

EDIT- From Dwolla you have to send to MT.Gox or another BTC site.
Title: Re: Buyers; Where do you get your BTC? Vendors; How do you cash your BTC?
Post by: That 1 Dude on April 03, 2012, 07:47 pm
I tried to buy BTC from a listing on ebay.. The seller was highly rated and contacted me, telling me he needed to verify I am me. I had to send him picture of me holding up 3 fingers that matched my FB profile. All very strange, but I really wanted the bTC, and no way for him to know they are for SR.. so he gets his cut (around 5-10%), and i get btc from paypal payment within 2 hours.

I hate that when I want to purchase 500 in BTC it can cost me  up to 550, so I spent 2 weeks getting my Dwolla account set up and verified. Not sure how to purchse from MTgox yet, but this site worked for me..  btcnow.net
On that note, how do i purchase BTC from mtgox using my dwolla acct?
Title: Re: Buyers; Where do you get your BTC? Vendors; How do you cash your BTC?
Post by: darthvaderstar on April 03, 2012, 10:19 pm
WM accepts debit cards?