Silk Road forums

Support => Technical support => Topic started by: QueSassa on February 12, 2012, 10:34 pm

Title: Bitcoin help please
Post by: QueSassa on February 12, 2012, 10:34 pm
Newbie here, I am having trouble finding out the correct way to get bitcoins into my account, can someone help me out by giving me a "walkthrough" on how to do so? It would be greatly appreciated, thanks!!!
Title: Re: Bitcoin help please
Post by: someone703 on February 12, 2012, 11:16 pm
If you already have the Bitcoin program installed with bitcoins in it do the following (I'm assuming you're using Bitcoin-Qt from the main Bitcoin website):

1. Go into your Silk Road account
2. Click on "Account" in the top-right hand corner
3. Look under "to deposit bitcoins, send them to this address:" (highlight and copy this address - make sure you copy all of it and only it)
4. Go back to your Bitcoin wallet and click on the "Send coins" tab
5. Paste the address you copied earlier into the "Pay To:" box, enter a label if you want to (optional), and fill in the amount of bitcoins you want to deposit into your Silk Road account

That's about it.  From there you just have to wait for Silk Road to confirm the bitcoin deposit and for it to show up in your account.
Title: Re: Bitcoin help please
Post by: Wonderland on February 18, 2012, 03:20 am
Hello!
    I am a newbie myself and just received my 1st order today!
    Getting bitcoins was sooo confusing for me too... But after doing it just 1 time i realized I was making it harder than it needed to be. But for starters, read, read again, and re-read the forums as much as you can, until you get the basic idea. People have lots of different methods so you'll have to see which is best for you.
Here's what I did.
1. Create an account at mtgox.com. Be sure to use your regular internet- DO NOT USE Tor for these steps.
2. Next go to bitinstant.com. There you will do the cash bank deposit. Use your mtgox acct # and you can
    choose a local bank to make the actual deposit. You'll then get an email with a code/coupon for mtgox.
3. Back at mtgox, redeem the code from your email to add your funds.
4. Now you should have dollars in your acct. that you'll trade for bitcoins.
5. Next, using Tor, go to instawallet.org. The 1st time you visit the page you have accessed your wallet.
    Copy the URL listed in the the box in the top left side of the page, also copy down the long code towards
    the bottom. Read the whole page very carefully so you understand how to use the wallet. I lost 200$ on
    my 1st try because I wasn't paying attention.
6. Now close Tor and use regular browser to return to mtgox. Again, DO NOT access mtgox through Tor.
7. In mtgox, use 'Funding Options' to withdraw your money and send it to your wallet.
8. From here on out use the Tor browser. Go to your wallet URL and you'll see your bitcoin balance.
9. Now just put in your SR receiving address to send them from the wallet to SR.
It seems like alot.. but once you actually work through the process you'll understand exactly what's going on. Again, I am new as well, so this method probably isn't perfect... actually, if any of you pros are reading this maybe you can give me some suggestions or pointers if I am missing anything or if I could improve anywhere as far as security is concerned. Also, allow some time between each step.. it takes time for the bitcoins to move from place to place. Good luck! If you get stuck along the way give me a shout, I'm glad to help! ; )
Title: Re: Bitcoin help please
Post by: CT on March 01, 2012, 12:56 am
what if you don't want to use your bank?How do you cash in and cash out?
Title: Re: Bitcoin help please
Post by: Wonderland on March 02, 2012, 06:20 pm
This is the only way I have done it so I'm not sure.... I do not use the same bank I use for personal checking, etc.  I believe you have an option of Bank of America and maybe a couple others... but you don't need to show ID or have an account at B of A to make the deposit, which is nice.