Silk Road forums
Discussion => Newbie discussion => Topic started by: ihaveadreamm on May 09, 2013, 01:29 am
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Hey all,
I'm about to buy some coins via Bitinstant using a cash deposit, and I'm wondering if it's safe for me to provide my SR account as the destination account. After some searches on the forum, I discovered that quite a few people do this, however I am still skeptical about it's safety.
I'm not buying a lot, just $50 or so.
Tell me this is right:
1. Full out form on Bitinstant for cash deposit like so:
-Use my SR account address for the destination account,
-my Tormail as the notification email
-Use fake name and birthdate
2. Deposit money at nearest Walmart using fake name on the printed slip from Bitinstant. If asked for ID, I will say that I forgot it.
3. Wait until the coins appear in my SR account.
4. Purchase an item off the SR.
5. Encrypt address using GPG4USB.
6. Wait for goodies!
Is this right?
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what?
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You're method is correct for the most part. Some people use third party wallets such at Bitcoin-Qt, Electrum, etc. It makes it safer by going into a wallet instead of going straight into SR. Honestly, you don't really need to use a fake name for the bit-instant deposit. It's totally untraceable once it becomes bit coins I believe, but i could be wrong.
maybe check out the buyers guide. http://dkn255hz262ypmii.onion/wiki/index.php?title=Buyer%27s_Guide
cheers :)
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I always go into my blockchain wallet then to sr, and change my sr wallet very frequently. Could just be paranoid though...