Silk Road forums

Discussion => Security => Topic started by: goochihuh on February 19, 2012, 04:31 am

Title: Advice on first time buyer (fellow aussie input appreciated)
Post by: goochihuh on February 19, 2012, 04:31 am
Ok going to get some bitcoin this week from Australia is http://spendbitcoins.com/buybitcoinsinaustralia/ the best site to get it?
Say I want to buy something for $150 do I deposit like a extra $20 incase the bitcoin place charges me extra?
There is some sort of code you put in when you send the seller your address what is that exactly?
How long to when you send the bitcoins in the checkout to the seller does it appear in there bitcoin wallet?
Should I use a fake reference name for the bit coin deposit?

Cheers guys.
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: goochihuh on February 19, 2012, 07:45 am
any info appreciated as I intend purchasing some bit coins very soon. This PGP thing really confuses me to....

Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: trigger on February 19, 2012, 12:36 pm
That seems like a reasonable way to buy BTC in Australia.  The exchange rate is a little steep, but on the flipside you just walk into your local NAB and hand over the cash, no need for ID.  If you use other options you might get a better exchange rate, but the larger exchanges usually demand that you provide identification, or that your money is deposited from a real bank account, etc.

It says on their website they won't charge you extra, I assume the fees are just absorbed into the extra 10% they're taking on the exchange, so you won't need to put in extra cash for that, but keep in mind that the value of bitcoins fluctuates (like any currency), so if you're looking at something today for 50 BTC, it might be more or less expensive when you're ready to buy.


As for your other questions, it's probably pretty important that you read up on these things before you start throwing your money around.  Best to have the security fundamentals in check so you know what the risks are and how you can best minimise them.

Good luck.
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: binary01 on February 20, 2012, 07:48 am
looks like a decent place to buy. can you please let me know how you go?

Cheers.
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: JimPooley on February 20, 2012, 10:27 am
Bought all my btc through Jeremy (spendbitcoins), had no hassles and if you want annonymity its the way with the LEAST amount of paper trail! And IMO that's what'll get you busted, the paper trail!
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: isometricity on February 20, 2012, 01:53 pm
Yes, this is definitely the easiest and best way to get btc in Australia. I deposited at NAB no questions asked, six hours later the BTC were in my wallet.
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: Binary10 on February 20, 2012, 10:32 pm
Sorry another newb here. So i can transfer straight from spendbitcoins to my Silk Road Account using the Bitcoins address listed in my Silk Road account settings?

Appreciate the help.
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: JimPooley on February 20, 2012, 10:43 pm
Sorry another newb here. So i can transfer straight from spendbitcoins to my Silk Road Account using the Bitcoins address listed in my Silk Road account settings?

Appreciate the help.

You can do this... but you're exposing your SR btc address pretty publicly! Whether or not you play poker, goto sealswithclubs.com, create an online BTC poker account, get your coins sent there. From there you can logon anon (using tor of course) and TF from seals to SR.
I may be overly paranoid but as I said earlier, paper trail will get ya!!!
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: Binary10 on February 20, 2012, 10:46 pm
yeah thats what i was thinking. It's always nice to have another cog in the gear.. an extra hop between accounts would be good. Will check out BTC Poker cheers.

http://btcontilt.com/

this the site your talkin about?
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: JimPooley on February 20, 2012, 11:40 pm
this is the place I actually play, but for your purposes any site should do the trick!
sealswithclubs.org
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: goochihuh on February 21, 2012, 04:55 am
Sorry another newb here. So i can transfer straight from spendbitcoins to my Silk Road Account using the Bitcoins address listed in my Silk Road account settings?

Appreciate the help.

You can do this... but you're exposing your SR btc address pretty publicly! Whether or not you play poker, goto sealswithclubs.com, create an online BTC poker account, get your coins sent there. From there you can logon anon (using tor of course) and TF from seals to SR.
I may be overly paranoid but as I said earlier, paper trail will get ya!!!

Excellent advice!

Have 2 more questions

1. I learnt up about the GNP and dloaded and a windows OS one and a code do I put that code in after I send personal details to someone eg my name.... then the code at the bottom?

2. How long will it take transferring your BC from SWC website to SR in your experiance?

THanks
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: JimPooley on February 21, 2012, 05:48 am
TF from SWC to SR took about 20 mins one time and about 4 hrs the second time!
I'm not the dude to ask about pgp sorry!
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: goochihuh on February 21, 2012, 01:27 pm
Thanks very much , anyone who can help me with the first question will be greatly appreciated!
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: Binary10 on February 24, 2012, 09:07 am
i should add if i go from spendbitcoins to sealswithclubs to SR i take SWC doesnt take a cut for the transfer?

I have just noticed Bitpiggy does AUD with bank transfer too and has better rates than spendbitcoins.

last of all is doing the SWC extra transfer really neccessary when 1 click and have a new SR address? I thought BTC was supposed to be intraceable.
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: JimPooley on February 24, 2012, 09:47 am
last of all is doing the SWC extra transfer really neccessary when 1 click and have a new SR address? I thought BTC was supposed to be intraceable.

Probably not necessary, but you're not me! I've got 3 steps, incl SWC, I know another dude has more!

Can you ever BE too careful when dealing with drugs?
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: csagan1 on February 24, 2012, 04:29 pm
Sorry to attach this onto your thread, but i'm wary of starting what must be something that gets done ALL the time and riling people up. What would be the best way of getting bitcoins into SR in the UK? I tried using mt.gox, but it locked me out for "bad ip requests", presumably because i'm using tor. Is it standard procedure to buy Btcoins on the openweb, then transfer them through a few intermediary wallets like sealswithclubs, before depositing them into SR? Or is it important to make sure that ALL the bitcoin buying is done using tor?
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: JimPooley on February 24, 2012, 10:03 pm
Sorry to attach this onto your thread, but i'm wary of starting what must be something that gets done ALL the time and riling people up. What would be the best way of getting bitcoins into SR in the UK? I tried using mt.gox, but it locked me out for "bad ip requests", presumably because i'm using tor. Is it standard procedure to buy Btcoins on the openweb, then transfer them through a few intermediary wallets like sealswithclubs, before depositing them into SR? Or is it important to make sure that ALL the bitcoin buying is done using tor?

I can get it all done using tor, but in AUS we've got an option to deposit over the counter into the BTC brokers bank account! Try and see if there's any UK brokers offering the same!
I won't use Mt Gox, you basically need to give 'em all your details, its a KYC form or some shit... FUCK THAT!!!
I keep preaching, and I strongly believe, its the paper trail that'll put travellers in Jail!
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: khi on February 27, 2012, 05:00 am
jim...ur a mad cunt....thanks :-)
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: JimPooley on February 27, 2012, 05:17 am
Not mad... well not certified anyhow...
Just passionate about drugs and have a deep seated, heredity loathing for conformity and stupidity, which i call "sheep syndrome"!!!
SR is a haven for non-conformists and well, i guess to a certain degree anarchists!!!

I'm still doing my SR apprenticeship, I've got my SR Union Membership (imaginary) and my valued SR customer discount card (also imaginary... unfortunately!) and as soon as ETM and NC finish grading my paper, I'm hoping for a scholarship to SR School for the Gifted & Addicted (still imaginary... but how cool eh?!!!).

Don't blow your brains out with a gun... Use cannabis! More fun and you can repeat!!!
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: moveitaussie on February 27, 2012, 09:51 am
Not mad... well not certified anyhow...
Just passionate about drugs and have a deep seated, heredity loathing for conformity and stupidity, which i call "sheep syndrome"!!!
SR is a haven for non-conformists and well, i guess to a certain degree anarchists!!!

I'm still doing my SR apprenticeship, I've got my SR Union Membership (imaginary) and my valued SR customer discount card (also imaginary... unfortunately!) and as soon as ETM and NC finish grading my paper, I'm hoping for a scholarship to SR School for the Gifted & Addicted (still imaginary... but how cool eh?!!!).

Don't blow your brains out with a gun... Use cannabis! More fun and you can repeat!!!

Jim you discount card is valid at my store mate!  ;)
Title: Re: Advice on first time buyer (fellow aussie input appreciated)
Post by: JimPooley on February 28, 2012, 12:12 am
Sweet!!!

Bulldin muh stree cred mofos!