Silk Road forums

Discussion => Newbie discussion => Topic started by: GrassyBowl456 on April 18, 2013, 01:27 am

Title: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: GrassyBowl456 on April 18, 2013, 01:27 am
Ok, so it seems to me that one of the most confusing aspects of SR isn't so much SR itself. It's what the best fucking way to buy Bitcoin is.

Every time I'm reading someones suggestions, it seems that its outdated, or someone is saying something negative about the method.

So I ask, what are some of the current best/safest ways to buy bitcoin, and then get it into my SR account. I'm in the US. It just seems like a big fucking headache.
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: 32zitsyfly on April 18, 2013, 01:32 am
I was in your shoes not long ago.
So, I'll be happy to help...First, create a secure wallet...then, you have to decide how you want to obtain bitcoins (find the bitcoin wiki page, it will give you EVERYTHING you need to know, including a super helpful video)

Check that out and you should be on the right track!

Once you get the bitcoins figured out, just wait until you have to figure out pgp's...I'm stuck on that right now
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: NARK0T1X on April 18, 2013, 01:48 am
In all honesty, Bitinstant is the go to source for easy, fast, and dam near effortless bitcoin funding. Go to Bitinstant's website and chose the cash deposit to bitcoin address option. Go to your local Walmart chain and fill out a moneygram slip the way Bitinstant tells you to in your order info. Use a bogus name on the money gram slip to be anonymous as possible because Walmart doesn't require you to have an ID to do this. I bought some coins a few weeks back and they were basically in my account by the time I got home. Hope this helps !!
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: 32zitsyfly on April 18, 2013, 02:16 am
NARK0T1X
Have you figured out the pgp encryption yet?
I see that you are pretty new on here too and I cannot figure out how to de-code these encrypted messages to be able to make a purchase. Could you please share your knowledge with me if and when you figure it out?....

Also, are you on right now? I haven't been able to log in for hours...
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: jimmymcnulty on April 18, 2013, 02:31 am
If you need a wallet apart from SR, I love blockchain.info/wallet, even though they go down every so often like right now. But they have convenient integration with BitInstant for really the easiest anonymous cash to BTC system there is at the moment. But it is expensive, BitInstant takes 3.99%, and ZipZap takes a $3.95 fee. (ZipZap is the go between BitInstant uses with MoneyGram who actually *does not* take a fee, presumably due to an arrangement with ZipZap. When you think about it the chain is fairly long: MoneyGram > ZipZap > BitInstant > Mt Gox > to your wallet of choice.)

If you don't have a need for an external wallet you can use SR as a wallet and direct BitInstant to deposit there. Just, you know, caveat emptor: SR could go poof whenever along with your BTC so, be risk aware.
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: DoktaLockeEyeQue on April 18, 2013, 02:43 am
I was in your shoes not long ago.
So, I'll be happy to help...First, create a secure wallet...then, you have to decide how you want to obtain bitcoins (find the bitcoin wiki page, it will give you EVERYTHING you need to know, including a super helpful video)

Check that out and you should be on the right track!

Once you get the bitcoins figured out, just wait until you have to figure out pgp's...I'm stuck on that right now

+1 32zFly: Good Advice :) ... also if you are stuck on pgp, I can help there.  It's not so bad.  PM or post in the "Newbie PGP" section.... or just msg me lol  ;)

In all honesty, Bitinstant is the go to source for easy, fast, and dam near effortless bitcoin funding. Go to Bitinstant's website and chose the cash deposit to bitcoin address option. Go to your local Walmart chain and fill out a moneygram slip the way Bitinstant tells you to in your order info. Use a bogus name on the money gram slip to be anonymous as possible because Walmart doesn't require you to have an ID to do this. I bought some coins a few weeks back and they were basically in my account by the time I got home. Hope this helps !!

Hmmm.  Some have mixed reviews of BI.  A friend of mine would attest to that, but other posts in other threads will re-iterate this.  Cant say about those guys, but do know some's funds have been held up a few weeks or so... idk.  Other options as well, but that's just my take if BI works for ya, be safe and let it work for ya ;)
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: southern m1 on April 18, 2013, 03:04 am
I prefer bitinstant. it seems that bitfloor is having some issues currently
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: Tellemetree on April 18, 2013, 04:42 am
Seems Bitinstant is the most common safe and easiest response from people of late in these sort of threads.

I chose them before I read all this, so basically just lucked out.
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: DoktaLockeEyeQue on April 18, 2013, 08:22 am
Hmmm.  BitUnistant turned around its act??  Idk.  Just all be careful.  Read enough and you will see.  Sure some will be "no problem"... but if "a problem" comes up.... or when.... I can't judge speaking on what I know, heard from 1st hand, and see: It's a love or hate thing with those guys.  I love not seeing them so I dont hate!

;) Be careful.  Know **all of your options** ... as my great granduncle Pappy Mc Grandunkel said:
        " There are 17 ways to fuck a goat.  If you find one that works, fuck the goat.  If you want to fuck
           him again, I don't fuck goats goatfucker now go find your way...."

*Wise mythical man i barely knew :/  Heed his advice  :o  8)

....

 ;D in short: be safe all ;)
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: Tellemetree on April 18, 2013, 09:09 am
Hmmm.  BitUnistant turned around its act??  Idk.  Just all be careful.  Read enough and you will see.  Sure some will be "no problem"... but if "a problem" comes up.... or when.... I can't judge speaking on what I know, heard from 1st hand, and see: It's a love or hate thing with those guys.  I love not seeing them so I dont hate!

;) Be careful.  Know **all of your options** ... as my great granduncle Pappy Mc Grandunkel said:
        " There are 17 ways to fuck a goat.  If you find one that works, fuck the goat.  If you want to fuck
           him again, I don't fuck goats goatfucker now go find your way...."

*Wise mythical man i barely knew :/  Heed his advice  :o  8)

....

 ;D in short: be safe all ;)

17 ways? Sage advice indeed. Nah I kid (no not as in the type of goat) xD.

Take it I was too quick too assume all advice on face value for Bitinstant?  Care to weigh in any further advice on this front?

Wouldn't mind a option B (or perhaps A).
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: chefwaffles on April 18, 2013, 09:16 am
it used to be alot easier, on bitinstant you used to be able to make a cash deposit at a bank for the fastest way to get bitcoins, so moneygram via bitinstant.   
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: Chaosforpeace on April 18, 2013, 09:50 am
Ok I beg you listen to me. Bitinstant has some 25% of all tranactions fucked up, disappear or, take a week or more. The best, safest, and most anonymous way to do it is through a Moneypak to bitcoin service on the road. Some of the vendors on the road will sell you BTC for Moneypaks, which are cash and impossible to connect to you, and even from some vendors on here it is cheaper then any other exchange.

Chaos
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: Bensonn on April 18, 2013, 10:10 am
Blockchain and bitinstant is the fastest way i've gotten it. But i lose a few dollars in the process
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: Devoidest on April 18, 2013, 10:48 am
Hi, what's the difference between websites based wallet like blockchain and software based wallet like the bitcoin client? I have installed bitcoin-qt but it's very slow to connect to the network and I dont have any bitcoin yet. I'm planning to buy a paysafecard (passing trought linden) or Ukash (no linden needed?) and using it to buy bitcoins on virwox and similar, the fees are high but it seems the most secure solution here
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: bodnostrokulum on April 18, 2013, 11:05 am
best way is ... i dont know
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: forestlurker on April 18, 2013, 11:40 am
bitinstant is for sure the easiest, just follow the instructions.
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: mezzomixtor on April 18, 2013, 01:04 pm
If you are living in the US, definitely use Wallmart, I've also read lots of threads about bitcoins and it really seems to be the best way!

Any ideas for people from Europe? I dont want to use my real name, neither my banking account. I know about localbitcoins.com, but are there any other options?   
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: luxxiaxx on April 18, 2013, 02:36 pm
I prefer bitinstant. it seems that bitfloor is having some issues currently

What sorts of issues is Bitfloor supposed to be having?

I was planning on buying some more coins using Bitfloor a bit later today, but I don't want to take any unnecessary risks...
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: Chaosforpeace on April 18, 2013, 02:49 pm
If you are living in the US, definitely use Wallmart, I've also read lots of threads about bitcoins and it really seems to be the best way!

Any ideas for people from Europe? I dont want to use my real name, neither my banking account. I know about localbitcoins.com, but are there any other options?
Do you mean bitinstant through Walmart? Walmart isn't just straight selling coins like gift cards. That would be awesome.

Chaos
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: mezzomixtor on April 18, 2013, 03:16 pm
Of course i meant buying it with bitinstant :-) i just wanted to point out that this method seems to be the best way to me for people who live in the US!

Quote
Any ideas for people from Europe? I dont want to use my real name, neither my banking account. I know about localbitcoins.com, but are there any other options?

*bump*
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: ethic on April 18, 2013, 03:52 pm
Bitinstant  via Moneygram with Blockchain is the best I've experienced. Practically no wait time except for transfers to wallets. Here's a video if you need it, it helped me a whole lot: http://vimeo.com/44849463
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: karatej on April 18, 2013, 04:48 pm
Is blockchain a tor site? If I wanna go mtgox>blockchain, is there a chance they can restrict your account?

(I'm personally stuck with mtgox right now, and I just want to get my bitcoins out of there!)
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: DoktaLockeEyeQue on April 18, 2013, 09:39 pm
Bitinstant  via Moneygram with Blockchain is the best I've experienced. Practically no wait time except for transfers to wallets. Here's a video if you need it, it helped me a whole lot: http://vimeo.com/44849463

**Clearnet Warning** :)
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: randomearthling on April 18, 2013, 10:16 pm
hi all,

obvs i'm bit of a newb with this online stuff...

i'm finding that acquiring my first bitcoins is a bit of a catch-22 with respect to anonymity... seems to be the "easy" way going to cvs/walmart and then bitinstant via moneygram/zipzap will hit you with a 4% fee -- and then on top of that you got a limit of like 500$ but i suppose for small amounts this would suffice..

the "more anonymous" way would seem to buy from a reputable vendor on SR...... however being a new user and having no bitcoins it's kinda difficult to transact on a bitcoin only marketplace :)

SO, this brings me to the million dollar question: wtf do we do? am i limited to these 2 basic options? seems like the methods CONSTANTLY change or get fubar...

beyond all that, how necessary is it to launder your coins before and after transacting on SR? i know the blockchain is all public info -- but how far back can a transaction be traced? can you go all the way back to when that particular coin was mined?  or would it be sufficient to set up a few dummy wallets and cycle coins between each one in various amounts then to final destination? or is that silly and can be detected?

lastly, you all using online wallets or keeping that shit on a usb stick? my intuition would tell me physical usb stick wallet is safer... so is blockchain wallet only for temporary coins? so bloody confusing...

any help is greatly appreciated!!
-random
Title: Re: Idiot Noob here. Best ways to purchase Bitcoin.
Post by: Tripazoid on April 19, 2013, 12:14 am
I've been looking on the forum for ages now for a definitive answer to a question quite a few others have also asked:

What's the best way for people in the UK to buy bitcoins?

So far, the only options I've found are: localbitcoins.com (where the sellers are asking way over the average market price) or buying from an SR vendor (dodgy at best).

Why aren't there any reputable places where BTC can be bought with a debit card? I'm less concerned about anonymity than about getting ripped-off, as there are ways to anonymise coins once purchased.