Bitcoin Forum

Other => Beginners & Help => Topic started by: xodustrance on August 28, 2012, 06:06:10 PM



Title: setup and verified my dwollla, where should I buy my btc?
Post by: xodustrance on August 28, 2012, 06:06:10 PM
I was paying a huge overhead on ebay to use paypal, so i did some lurking, and now have dwolla.

So where can I buy btc safely at great rates?


Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: IveBeenBit on August 28, 2012, 06:16:53 PM
How much do you want to buy? Tangible Cryptography sells for 1% belw Mt Gox price. Bitfloor.com sometimes has enough liquidity to buy with low fees. Neither place takes Dwolla.


Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: Stephen Gornick on August 28, 2012, 06:23:33 PM
I was paying a huge overhead on ebay to use paypal, so i did some lurking, and now have dwolla.

So where can I buy btc safely at great rates?

As a new Dwolla user, they have instituted a 30-day probationary period before you can send those funds to a "high risk" account such as those identified as doing bitcoin exchanges.   There are individuals with whom you can trade -- either they are trading bitcoins or MtGox redeemable codes, etc.  You can find a willing counterparty here:

 - http://bitcointalk.org/index.php?topic=78512.0

Just make sure to know that you are trading over the counter and that has risks that the other person might not deliver, etc.  There #bitcoin-otc Web of Trust (WoT) will help you lessen your risk.

 - http://bitcoin-otc.com/viewratings.php
 - http://wiki.bitcoin-otc.com/wiki/Using_bitcoin-otc#Risk_of_fraud

Once you are past your 30-day probation, then you can deposit at any merchant where Dwolla is accepted, including Camp BX, Mt. Gox and Intersango.


Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: xodustrance on August 28, 2012, 06:26:09 PM
About 20 or 25 a week -

Would person to person sales on here be a better deal? I am not holding onto the bitcoins, i spend them right away.


Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: xodustrance on August 28, 2012, 06:27:47 PM
Good to know, thanks. Looks like there is no real easy way.  :-\


I was paying a huge overhead on ebay to use paypal, so i did some lurking, and now have dwolla.

So where can I buy btc safely at great rates?

As a new Dwolla user, they have instituted a 30-day probationary period before you can send those funds to a "high risk" account such as those identified as doing bitcoin exchanges.   There are individuals with whom you can trade -- either they are trading bitcoins or MtGox redeemable codes, etc.  You can find a willing counterparty here:

 - http://bitcointalk.org/index.php?topic=78512.0

Just make sure to knwo that you are trading over the counter and that has risks that the other person might not deliver, etc.  There #bitcoin-otc Web of Trust (WoT) will help you lessen your risk.

 - http://bitcoin-otc.com/viewratings.php
 - http://wiki.bitcoin-otc.com/wiki/Using_bitcoin-otc#Risk_of_fraud

Once you are past your 30-day probation, then you can deposit at any merchant where Dwolla is accepted, including Camp BX, Mt. Gox and Intersango.



Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: Stephen Gornick on August 28, 2012, 08:32:35 PM
Good to know, thanks. Looks like there is no real easy way.  :-\


Well, until the thirty days is up when you can use your Dwolla, there's always BitInstant, or BitFloor which accept cash deposits at banks, 7-11, etc.,


You can even send the Dwolla funds back to your bank if you needed.  The clock keeps ticking down the 30 days either way.


Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: xodustrance on August 28, 2012, 08:46:50 PM
Wow, that 30 day wait on dwolla is killer.  :-\

Would anyone here, trustworthy of course, take paypal gift or amazon or visa gift cards for some while i wait out my 30 days for dwolla? Id be willing to pay 13 to 14 per. I have massive ebay feedback including bitcoin feedback.



Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: xodustrance on August 28, 2012, 08:50:07 PM
Btw - tyvm stephen for your time. Didnt see a rep button or I would + rep to you for your help.


Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: 420 on August 28, 2012, 09:38:14 PM
About 20 or 25 a week -

Would person to person sales on here be a better deal? I am not holding onto the bitcoins, i spend them right away.

are you in california? or near


Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: xodustrance on August 28, 2012, 09:41:49 PM
Ohhh god 420, I wish I was, probably wouldn't be buying bitcoins if I was. I am in Arkansas.


Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: 420 on August 28, 2012, 09:44:28 PM
Ohhh god 420, I wish I was, probably wouldn't be buying bitcoins if I was. I am in Arkansas.

haha. I may know someone near Arkan-sass


Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: xodustrance on August 29, 2012, 12:00:51 AM
Just want to shout out at IveBeenBit - thanks for honest transaction.


Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: moni3z on August 29, 2012, 12:36:37 AM
I'd just avoid all EFT methods and throw down cash in 7-11 or a bank unless you want to do the waiting and ID scans route.


Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: 420 on August 29, 2012, 12:44:04 AM
I'd just avoid all EFT methods and throw down cash in 7-11 or a bank unless you want to do the waiting and ID scans route.


some people trust the internet and digital transactions more than in person cashier and a bank account number


Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: davecoin on August 29, 2012, 12:59:53 AM
Register on Bitfloor and deposit money at Chase or Wells Fargo.  The banker will do it without hesitation and the funds show up in your account almost instantly.  You can then buy btc and transfer them to your wallet.


Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: BCB on August 29, 2012, 02:07:52 AM
xodustrance and ivebeenbit. You should acknowledged both sides of the trade so the trade is publicly verified.  Kind of like the bitcoin network.  So ivebeenbit could you please +1 xodustrance if you did complete the trade. It will also starts building public trading credibility  for you both.

Thanks.



Title: Re: setup and verified my dwollla, where should I buy my btc?
Post by: IveBeenBit on August 29, 2012, 03:14:20 AM
xodustrance and ivebeenbit. You should acknowledged both sides of the trade so the trade is publicly verified.  Kind of like the bitcoin network.  So ivebeenbit could you please +1 xodustrance if you did complete the trade. It will also starts building public trading credibility  for you both.

Thanks.

Sure, I can confirm, though most of my trading is done in -OTC. My ratings (http://www.bitcoin-otc.com/viewratingdetail.php?nick=IveBeenBit&sign=ANY&type=RECV).

In any case, xodustrance sent me an Amazon gift code to purchase 4 BTC from me. He sent first and, so far, so good. He told me that he'll be looking for more coins and I would be happy to work with him for those as well.