Silk Road forums

Discussion => Newbie discussion => Topic started by: BBr33xi on January 30, 2013, 10:35 am

Title: Need help with first btc transaction.
Post by: BBr33xi on January 30, 2013, 10:35 am
I have been lurking on SR for a long time trying to figure things out for myself before actually doing any transactions, and i think i know the basics of how btc works and everything, so i just wanted some helpful info on whether or not i should be able to do this without losing $$$.

1) Downloaded TOR Browser
2) registered at SR
3) have my bitcoin wallet set up and synced with the btc network
4) have backed up my bitcoin wallet and saved the .dat file on a usb

So now i think i'm ready to buy some bitcoins; which is where i've been confused for some time now. I have found some sites to buy the coins from, but i don't really understand how the transfer works, which i need simply elaborated for me. in the wallet there's recieve coins, and when i click that tab it has an address and i've heard every transaction where i'm receiving btc that i should make a new address for each.
i'm assuming when i buy some bitcoins i will just provide one of these addresses and the bitcoins will be automatically deposited in my bitcoin wallet; but how would this work if there was more than one user on my desktop? is there only one wallet for my whole computer? i assume that there is. i just don't want to get the btc sent to a wallet that isn't the one i'm trying to get the btc deposited into.

after i sort through actually getting the btc, all i'll need to do is upload the coin to my SR account for purchases, is this correct?

if no one feels like they can help me, just tell me and i'll try to explain what i need help with better; i know i probably sound lost, but i have been trying to learn the ins and outs for months now and just want to buy stuff now!
Title: Re: Need help with first btc transaction.
Post by: p3nd8s on January 30, 2013, 10:44 am
You don't have to use an actual wallet on your PC, you can use a web wallet such as the reputable instawallet.org and easywallet.org, when you visit either site you automatically get a wallet link and an actual wallet hash. Just save the url and you have an instant wallet! If you want to throw off blockchain analysis, just make 2 easywallets, and send from 1 easywallet to another easywallet, you are done! The blockchain will show a fresh new wallet with no history.

Easiest way to buy bitcoin is to make a mtgox account at mtgox.com, make sure you don't use tor when using mtgox or they will ban you. You can use a free public wifi like at starbucks though with no issues. Once you make the account, then go to bitinstant.com and choose send money by moneygram to mtgox.
It will give you a payment slip, write down the info or print it out. Go to your nearest moneygram like at walmart, 7-11, CVS, or wallgreens, and send the money to ZipZap. Tell them you want to pay a bill and they will look up the biller "ZipZap" manually for you.

The money will show up in your mtgox account almost instantly. Then buy the bitcoins on the mtgox exchange at the current price and withdraw them to your wallet.

Title: Re: Need help with first btc transaction.
Post by: BBr33xi on January 30, 2013, 11:23 am
Okay, well i think i'm a little less confused now. i will try the online wallet instead. it does seem like a lot of steps still, but i suppose i should get used to it over time. when you say to go and pay with moneygram, is it right to assume that's in order to cover my tracks, rather than buying btc with credit card or similar things? that's part of the reason i have held off from actually getting anything for months now. i get paranoid when i'm not sure what loopholes would leave me exposed. the other thing i was pondering doing was buying the bitcoin in the form of those disposable cards that you can buy online for a fixed price, but i think buying in that way is much more expensive than just having the btc transferred online. seemed like a simple way to get them though. i guess i shouldn't be so worried about it since btc isn't in itself illegal, but i think there's only a narrow spectrum of things you can buy with them, so it would be suspicious lol
Title: Re: Need help with first btc transaction.
Post by: p3nd8s on January 31, 2013, 09:38 am
Buying BTC with money gram --> Bitinstant (ZIPZAP) ---> Mt. Gox is safe, just use a different name/address/phone on the transfer slip and mtgox account and don't leave fingerprints on the moneygram payment slip. When sending the money you could wear a hat and glasses for extra safety in case they play back the CCTV video. This is a cheap (4% cost) and fastest way to buy BTC.
Title: Re: Need help with first btc transaction.
Post by: herroMolang on January 31, 2013, 09:48 am
Use Cash. Try buying bitcoins in person