Silk Road forums

Discussion => Newbie discussion => Topic started by: jcrampton on February 21, 2013, 11:47 pm

Title: Bitfloor Deposit Help
Post by: jcrampton on February 21, 2013, 11:47 pm
Hi all. I've been browsing SR for awhile now and am trying to join in the fun now. Can anyone help me with the Bitfloor.com Bank of America deposit. I got to the point on BF where I'm supposed to go to Bank of America and make the deposit. I have an Account name (LocalTill, LLC), and an Account Number. I'm sure you've seen this info before if you've done it. I just need help with the part of process when I go to the bank. Is it just a direct checking deposit with cash (one of those slips they have)? What do I put for "Name" and what do I sign? Will they ask for photo ID? Thanks in advance for reading!

-jcrampton
Title: Re: Bitfloor Deposit Help
Post by: MarcoRuas on February 22, 2013, 12:21 am
Regular deposit slip>>>Fill it out >>>LocalTill,LLC ///Account #. Give them the deposit slip and the cash and then your good. No ID was asked for.

I was using Bitinstant before things got a little funky with them. Read around the forum and learned about "Bitfloor.com".
Opened a an acount using only an e-mail address. Deposit money in Bank of America. Money goes into your account1,2,3.
Then you have to trade (purchase) to get BTCs ,either by Market order or limit order. Market order,the transaction is quicker in terms of the actually purchase but the minimum amount is 5BTC at a time. Limit order you can trade for any amount(1,2,3,4etc.),but it takes 24hrs and you get a better rate of exchange. Hope this helps.
MarcoRuas(king of the streets) 8)
Title: Re: Bitfloor Deposit Help
Post by: dedhead69 on February 22, 2013, 12:24 am
Im trying to use bitfloor but I cant seem to find where i can change the Bank of America location?  It keeps telling me i have to go to NY and when i click on the link to find other BAC's it only provides information on those BACs not to chose which one i want to go to.. Any help with this?
Title: Re: Bitfloor Deposit Help
Post by: MarcoRuas on February 22, 2013, 12:34 am
I don't think it matters which location as long as it's a BOA. They handle the LocalTill,LLC account. Try it. worst thing that could happen is that they don't accept the deposit,which I doubt. Hope this helps
MarcoRuas(king of the streets)
Title: Re: Bitfloor Deposit Help
Post by: dedhead69 on February 22, 2013, 01:03 am
AWESOME OMG IM SOOO FUCKING EXCITED!!! I LOVE SHOPPING SO MANY OPTIONS AND ITS SOO HARD TO CHOSE I LOVE DOING RESEARCH AND TAKING MY TIME YAY! Tonight i shall research what kind of yummy cannabis i want ahhh soo excited THANKS GUYS!
Title: Re: Bitfloor Deposit Help
Post by: kobewim on February 22, 2013, 01:45 am
If I am understanding things correctly, bitfloor only charges .4% to purchase bitcoins.  This is much better than the old bitinstant method that charged 4% plus the 3.95 moneygram.
Title: Re: Bitfloor Deposit Help
Post by: weegogo on February 22, 2013, 02:10 am
How do you get your bitcoins from bitfloor to SR though? This is the only problem I'm really having right now.
Title: Re: Bitfloor Deposit Help
Post by: jcrampton on February 22, 2013, 11:45 pm
I too am wondering the exact process once you have the BTCs on BF getting them  from BF to SR. Can anyone clear this up?
Title: Re: Bitfloor Deposit Help
Post by: MarcoRuas on February 23, 2013, 12:45 am
I too am wondering the exact process once you have the BTCs on BF getting them  from BF to SR. Can anyone clear this up?

Once you have the coins in your BF wallet, go to your account tab in SR. There you will find your SR bitcoin wallet address. Copy this address ,then go back to Bitfloor,click on the withdraw link at the top , and paste it to the out going wallet address. There is also a space asking how many BTCs you want to transfer. It takes a little time for the transfer to happen, so be impatient. Hope this helps
Marco Ruas(king of the streets)
Title: Re: Bitfloor Deposit Help
Post by: dedhead69 on February 23, 2013, 03:06 am
Yup I was having problems with this then i clicked on all the tabs and tried the withdrawal, makes sense its under withdrawal.
Title: Re: Bitfloor Deposit Help
Post by: jdtram27 on March 02, 2013, 08:54 pm
l
Title: Re: Bitfloor Deposit Help
Post by: zmmz1111 on March 02, 2013, 09:21 pm
Sounds legit. May have to check it out.
Title: Re: Bitfloor Deposit Help
Post by: LSB16 on March 02, 2013, 11:04 pm
TIP: Specifically ask for an "out of state" deposit slip if you are not depositing into an NY branch. This is the only bank I have seen use this but it exists....
Title: Re: Bitfloor Deposit Help
Post by: Haxtor12345678 on March 02, 2013, 11:29 pm
Bring it over, teller will know what to do.
Title: Re: Bitfloor Deposit Help
Post by: wwwrothy on March 04, 2013, 12:47 pm
you wrote 

"Opened a an acount using only an e-mail address. Deposit money in Bank of America. Money goes into your account1,2,3.
Then you have to trade (purchase) to get BTCs ,either by Market order or limit order. Market order,the transaction is quicker in terms of the actually purchase but the minimum amount is 5BTC at a time. Limit order you can trade for any amount(1,2,3,4etc.),but it takes 24hrs and you get a better rate of exchange. Hope this helps.
MarcoRuas(king of the streets) "

now that bitinstant is dick, i found i already had a bitfloor acct. Now, i made my order slip and its printed out, and i have BofA locations...i was under the impression my bitcoins could be all set and in my account like with whereveer i sent my shit in bitinstant.com, not true? I have to trade some bullshit? How long is all this gonna take?

And im gonna be doing $150 which is close to 5bitcoins so im hoping i can do this when i get home from work after i deposit my shit during my lunch break.

Help me out with anything you can...

r
Title: Re: Bitfloor Deposit Help
Post by: LSB16 on March 04, 2013, 06:33 pm
@wwwrothy I think the whole trade process only took 20-30 minutes total, I've only done it twice now but seems to be fairly quick.

Good Luck!