Silk Road forums

Discussion => Newbie discussion => Topic started by: ambar on May 03, 2013, 12:20 pm

Title: How to buy bitcoins anonymously
Post by: ambar on May 03, 2013, 12:20 pm
Hi all, a noobie here, slowly working my way to the magic 50. i have most things sorted, and use encrypted email. but what i cant work out is how to buy bitcoins online anonymously. how the hell do i use my bank account without it being associated to SR. confused and looking for some advice... thanks!
Title: Re: How to buy bitcoins anonymously
Post by: Darktime on May 03, 2013, 12:52 pm
I bought mine from e-bay and had no trouble.obviously its not anonymous but once they go into your wallet and then transferred to Sr,no one should be able to trace that.
Title: Re: How to buy bitcoins anonymously
Post by: ambar on May 03, 2013, 01:19 pm
but once 'you' buy them, then use them, there is a gap that is hard to explain  :-\
Title: Re: How to buy bitcoins anonymously
Post by: Darktime on May 03, 2013, 03:37 pm
hard to explain to who?
once they are in your wallet they are pretty much untraceable.
the only record of sale is your paypal account and unless its your partner your trying to hide your spending's from,I think your pretty much covered.
Title: Re: How to buy bitcoins anonymously
Post by: H3rm3s on May 03, 2013, 03:58 pm
hard to explain to who?
once they are in your wallet they are pretty much untraceable.
the only record of sale is your paypal account and unless its your partner your trying to hide your spending's from,I think your pretty much covered.

Aye. Also I'm not sure but I don't think you have to claim bitcoins for tax purposes unless you're cashing out. Then you can just say you made it through crafty investment if it's a small sum. Even if you get audited there's no way to prove them and there's no way to trace them.
Title: Re: How to buy bitcoins anonymously
Post by: piecinitup on May 03, 2013, 04:03 pm
Wow, I never thought to check ebay.  This makes things so much easier.  I hate having to drive to walmart and do a money gram
Title: Re: How to buy bitcoins anonymously
Post by: budfreak on May 03, 2013, 05:34 pm
http://www.bitcointotaal.nl/index.php/com-rsform-manage-submissions/com-rsform-updates/bitcoin-exchange
Title: Re: How to buy bitcoins anonymously
Post by: TemaculaSunrise on May 03, 2013, 05:49 pm
Don't buy from ebay, probably the easiest way to get scammed.  Best options today are BitInstant straight to bitcoin address or deposited to Mt. Gox for you to trade anonymously.  If doing straight to address, probably good to bounce it off a shared blockchain.info address that will tumble the coins to break the transaction connection, SR tumbles the coins before it get to your SR wallet anyway so it's hard to trace.

Otherwise you can link your bank account to one of the main exchanges for easier and cheaper deposits and then just tumble your coins a few times before SR, this is not fully anon but still safe as there's no way to trace your money if it's tumbled multiple times.
Title: Re: How to buy bitcoins anonymously
Post by: NorCalChronic on May 03, 2013, 06:16 pm
You can use Sugar Mama, a vendor on SR, totally legit, do a search and you can find the review forum. I used her services and was very pleased.
Also I used Blue Sky Traders, another vendor on SR, great service as well.

****PLEASE NOTE***
Using one of these vendors requires a certain amount of trust in a complete stranger, they both abide by the rules and if they don't buyers would unleash backlash. When I made transactions, the first thought was "oh crap, there goes my money" but every time it worked out perfect!!
It's all about the trust and respect, both go a long way.
Title: Re: How to buy bitcoins anonymously
Post by: piecinitup on May 03, 2013, 07:25 pm
Does anyone use Dwolla > Bitcoin address on bitinstant?
Title: Re: How to buy bitcoins anonymously
Post by: TemaculaSunrise on May 03, 2013, 07:35 pm
If you already have Dwolla set-up which needs your bank account and stuff for funding, just skip bitinstant and get an account at Mt. Gox or CampBx and trade yourself.  Going through bitinstant at that point will just charge a fee to do something simple.  Only reason to do that if you don't want to mess with the exchanges or something, but your information would already be out there.  If you are using bitinstant, it's mostly for the cash/moneygram options.

Title: Re: How to buy bitcoins anonymously
Post by: Neebor on May 03, 2013, 07:40 pm
Buy from localbitcoins.com using instant bank transfer. Send them to a third party wallet then transfer to SR. Seemples!!
Title: Re: How to buy bitcoins anonymously
Post by: shaper1 on May 03, 2013, 08:43 pm
I agree with Neebor! Localbitcoins.com is great. Just check feedback of seller first and message him before transaction to see if hes currently online. If he is then you can get them in minutes. The quickest Ive had is 2 mins,
Title: Re: How to buy bitcoins anonymously
Post by: ambar on May 04, 2013, 01:48 am
cool... thanks all. maybe i was being over cautious... neebor, think i will start with localbitcoins.com  8)
Title: Re: How to buy bitcoins anonymously
Post by: Leukart on May 04, 2013, 04:31 am
There's so many ways to do this anonymously. You can do with along with any individual you trust. Although trust becomes the standard issue.

For example,I have no issue with a SEPA transfer to me and an exchange at the going rate - perhaps a little commission. MtGox is my only exchange, but if you want your cash exchanged and give me something... anything.. I'd be good with that :)

PGP..Encrypt... Encrypt... Encrypt...
Title: Re: How to buy bitcoins anonymously
Post by: budsmoker on May 04, 2013, 05:16 am
So can someone tell me the whole process in detail on how to purchase with bitinstant. I remember researching a little while back that they require a name and last 4 digits of your social. Is that all they need? Say I were to enter another persons name and social. I then print out something with the order details, go to walmart or wherever and give them the money. Are they going to request ID for verification? Also are there any other ways to stay 100% anonymous to buy, I totally dislike the idea that the government could see that I bought bitcoin, I know bitcoin can be used to purchase and invest in legitimate purposes and they wont know what I do with it but that won't put my mind at ease. so far I've been buying my coin with moneypaks but any fee thats over 10% I just think is too much especially for a regular and i see it as money going down the toilet.
Title: Re: How to buy bitcoins anonymously
Post by: kavakava on May 04, 2013, 05:20 am
Buy BTC using cash. Ultimate anonymity.

Some BTC vendors will accept cash in the mail. Use a fake name / email, and there is absolutely nothing to link back to you.
Title: Re: How to buy bitcoins anonymously
Post by: Ironhead on May 04, 2013, 08:37 am
What does it mean that SR 'tumbles' the coins before they get into your SR account?
Title: Re: How to buy bitcoins anonymously
Post by: Baraka on May 04, 2013, 08:57 am
Localbitcoins.com all the way. Here is one guide I found online which explains the process perfectly:

Quote
localbitcoins.com works by you registering an account with your e-mail address (you could use a tormail.org address). You can also enter in your cellphone SMS number, if you want. That allows you to see when your funds have been released by the BTC seller.

Once you've done that and have found someone who will trade with you, you set up a meeting. I suggest a Starbucks close to you two. Upon meeting, cancel the transaction you used to arrange your meeting. Then immediately re-open another, so your trade is at the current market price. Allow the seller to inspect your cash, but don't hand it over until the transaction is done.

He sets the transaction in motion by transferring the BTC to the temporary address associated with your localbitcoins.com account. Then you have to wait for 3 verifications to complete, which takes a half hour (10 minutes per verification). At least that's what it is for $100. For $1000+, you may have to wait for 5 or 6 verifications. Alternately, if the seller is familiar with the system, they can transfer the BTC beforehand, meet with you, then release the funds once your cash is in hand. No waiting. But that requires trust in the localbitcoins.com system, which won't be the case if they haven't used it before.

Once the verifications are complete, the funds are available on the localbitcoins.com system, but they must be released before they're actually in your account. The seller must release the funds, at which point you'll receive a text message from the localbitcoins.com system that the transaction has been completed, which includes a verification code. Or, if you opt out of using your cell, you can just check the blockchain that the BTC has been transferred to your localbitcoins.com temporary address, and view your localbitcoins.com account as well to eyeball your balance. That's it.

I strongly recommend going through the system and paying the miniscule system transaction fee of 1%, then leaving feedback for the seller and having him do the same with you. This is a service that, just like Ebay, is only as valuable as the feedback and the actual participation in the system. Plus, you get to meet some very cool people by doing it this way, rather than through a faceless- and trackable- bank transfer.

Remember, anything done through the traditional financial system is trackable and traceable. Cash and carry in the only way to do it right. Establish good relationships with a few local BTC traders in your area and you're golden.
Title: Re: How to buy bitcoins anonymously
Post by: razerblade on May 04, 2013, 09:15 am
good stuffs
Title: Re: How to buy bitcoins anonymously
Post by: kavakava on May 04, 2013, 01:07 pm
What does it mean that SR 'tumbles' the coins before they get into your SR account?

The bitcoins get mixed up with other bitcoins and other addresses, it makes it hard for anyone to look at the block chain and figure out who paid who.
Title: Re: How to buy bitcoins anonymously
Post by: NiyNay on May 04, 2013, 01:20 pm
Gold and silver dealers often will....