Silk Road forums

Discussion => Newbie discussion => Topic started by: whackdaddy on February 06, 2013, 06:12 am

Title: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: whackdaddy on February 06, 2013, 06:12 am
So I've set up an account on Silk Road, and at Mt.Gox, and I'm having one fuck of a time trying to figure out how to make this all work.  I live in Pittsburgh, where there seem to be no TrustCash locations to change cash into Bitcoins.....  How the fuck can I turn cash into Bitcoins?  I have no bank accounts (at least not that I will expose to these endeavors).  What do I do?  Thanks
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: nicejuan on February 06, 2013, 06:23 am
give it to me and ill do it
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: LSD-Mescaline on February 06, 2013, 06:28 am
www.bitinstant.com
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: nicejuan on February 06, 2013, 06:31 am
listen to this man, he actually posted helpful info
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: chaosmix on February 06, 2013, 06:33 am
if there is a moneygram location that u know of go there, use the blue form with the info u recieve from bitinstant.com most commonly found at cvs,walmart,latin american stores. paying in person with cash has got to be safer than mt gox. just go to bitinstant.com, i always choose the send to bitcoin address option,type in your bitcoin address, a fake name an number, and the amount u would like deposited. be sure to include extra for the 3.99 percent fee bit instant takes and the fee for zip zap you will see after you complete the bitinstant page.
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: Clyde on February 06, 2013, 07:10 am
The simplest and easiest way to do so would be to go to a store like CVS and buy a MoneyPak card. Then just give the code to one of the trusted MP to Bitcoin vendors on here. I personally use BTC Buddy when I go through this route, not sure if he's still around right now or not.
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: msonder on February 06, 2013, 08:15 am
Here we go.
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: Zuice on February 06, 2013, 08:28 am
Use bitinstant. They have a plethora of options. Also, you can fund MtGox directly from your bank account. Buying bitcoins isn't illegal. Just make sure you "wash" them before transferring to SR.
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: speedie on February 06, 2013, 11:45 am
Bitcoin.de works great
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: whackdaddy on February 06, 2013, 12:07 pm
Ok, thanks for all your replies.  I'll use Bitinstant. 

Now, do I want to transfer to my Bitcoin Address?  How do I know what my Bitcoin Address is?
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: pimpr on February 06, 2013, 12:37 pm
There's a good service in the UK where you send cash and they credit your account with coins. just make sure they have 100% feedback!
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: msonder on February 06, 2013, 12:38 pm
I used bitstamp, for now it was easy and fast, waiting till my balance is credited.
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: hugnami on February 06, 2013, 12:44 pm
Your bitcoin address is in front of your blockchain.info account if you use them,
you can also create new bitcoin addresses if you go to Receive Money, and hit the
green one on the right New Address.

Its different in all your bitcoin wallets, but this was for your blockchain wallet.
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: dmtrip on February 06, 2013, 05:05 pm
Use bitinstant. They have a plethora of options. Also, you can fund MtGox directly from your bank account. Buying bitcoins isn't illegal. Just make sure you "wash" them before transferring to SR.

Can someone explain how to go about "washing" bitcoins before you transfer them to SR? I assume this is only needed when you fund your MtGox acct directly from a bank acct, which is probably the method I am going to use since it seems to be the simplest. Or is this not the simplest way of converting cash to bitcoin?
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: mushmold on February 06, 2013, 09:19 pm
Here is a link to a clearnet site with very simple and safe directions for the bitinstant.com process, they use send to e-mail (tormail) and everything is done while using Torbrowser and you makeup a name and address phone number and all. Totally anon (copy this to your regular browser):

https://www.privateinternetaccess.com/blog/2012/04/how-to-buy-bitcoins-anonymously-in-the-us-instantly/

The issue with BitInstant is it is a bit pricey when you start to convert large amounts of money, but I think they may have a $500 limit or something.

Mushmold
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: whackdaddy on February 06, 2013, 09:31 pm
Fuck I'm impressed.  A dozen helpful responses with crossed T's and dotted I's in under a day.  I must admit I expected a little less than perfect grammer when I asked for help about a site that sells drugs, but I must admit I was wrong.  ;D

I'll use BitInstant.  I created an order last night (but haven't gone to the store and actually paid yet) to transfer to MtGox.  Am I losing additional money by doing this?  Can I do nothing with the order (let it expire) and create a new one that sends to email?  Is transfer to email the best way?

Thanks
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: jackchurchill on February 07, 2013, 01:43 am
I believe they give you 72 hrs that the quote is valid for.  I haven't let it expire yet but I would assume it is in their best interest to just destroy the old quote when it expires and allow you to make another one.  It doesn't cost them more money to allow you a second chance at receiving 3.99% from you.  I haven't tried going to directly to email but I can attest to having used Mt. Gox multiple times with no issues whatsoever.  I like using Mt. Gox because it allows you buy/sell similarly to a FOREX account with traditional currencies.  This allows you to enter and exit the BitCoin economy on your terms allowing you to buy/sell at certain times if you discover patterns of when the cost point is most beneficial to you. 
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: Coexist on February 07, 2013, 03:42 am
I would also like to know about "washing" bitcoins before transferring to SR.  Reasoning why and how.  I thought SR tumbled bitcoin before deposit in your account anyways.  Is "tumbling" the "washing" process?
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: Psychedelic Oatmeal on February 07, 2013, 03:47 am
I would also like to know about "washing" bitcoins before transferring to SR.  Reasoning why and how.  I thought SR tumbled bitcoin before deposit in your account anyways.  Is "tumbling" the "washing" process?

Washing and tumbling are the same thing. It's up to you whether to take the risk, but the extra precaution doesn't hurt unless you really need the extra 1% or so that is removed via the extra tumble.
Title: Re: How Do I Turn the $300 In My Hand into Bitcoins?
Post by: R4N50M on February 07, 2013, 04:36 am
I would also like to know about "washing" bitcoins before transferring to SR.  Reasoning why and how.  I thought SR tumbled bitcoin before deposit in your account anyways.  Is "tumbling" the "washing" process?

Washing and tumbling are the same thing. It's up to you whether to take the risk, but the extra precaution doesn't hurt unless you really need the extra 1% or so that is removed via the extra tumble.

+1
I think its a good idea to wash them.. just once.
A good process would be Bitcoin vendor/supplier -> blockchain.info -> SR
If you wanted to do even more you could use an intermediate wallet before or after blockchain.info