Bitcoin Forum

 Hello, I was wondering if there is anywhere I can buy Bitcoins with my Personal Checks?
 If not then I'll just put the money in my bank account and then do cash deposits.
 Cheers :D

I'm guessing you could give it a go in the currency exchange sub forum. Here you can't chargeback a cheque, if it work the same there, you may find someone who would not mind selling you the Bitcoin for a small premium, for the service of him having to go to a bank and after releasing you the BTC. If you're in the US you would need someone from the US.

But if you can do cheque, you should also be able to wire or do e-interact, or use a service such as CoinBase and simply buy BTC with your interact card.

Maybe I don't fully understand, but are you talking about a check someone else wrote to you?  In either case, it sounds much easier to do what was suggested above, which is to use wire or cash or pretty much anything else.  Personal checks are problematic.  I used to accept them years ago from Ebayers.

A personal check would be one you write to someone.  The anwser is not unless you find someone who takes it, and chances are slim.  If you find someone you will have to pay before you get it, and you would not get it till check cleared.  I have not seen a exchange that allows checks to do instant debit like some stores do.

Looking linking checking account to a exchange.  Same account... just a little initial setup  But after no issues and don't mess with checks.

Can checks be revoked? That would be bad because you can't get back your bitcoins right?

You're fine after it clears, which is why this is a kind of an issue. It takes time to clear, so this would be a very slow way to buy bitcoins. Therefore its going to be a very unpopular way of doing it.

Well I think that buying bitcoins with personal checks should be made directly in person to make sure everythign goes smoothly and everyone's happy ;D

A better option might be to use a money order to fund an exchange account. This leaves no link to your bank account and takes about the same time.

Don't mind buying bitcoins with personal checks. If the second line you stated is more convenient then do it rather than a hassle type of method you want.

Not necessarily true there are a few possibility's that might be rare but can happen.  Say someone is writing checks and forging name of someone else might pass... and person notice on billing cycle.

There are other ones two.  But yes clearing does help with most issues.   

When a check is cleared, you are guaranteed to keep your money, because the process of clearing the check is verifying if its a legit transaction in all aspect. Clearing is not equal to receiving your money. You actually receive the money before the check clears.

This is because the banks legally have to give you the money within a week, but it actually take longer for a check to actually clear. So while you will receive the money after a few days in your account, if you want to legally spend it, you have to wait for the check to actually clear, which can take days to weeks longer.

Because this literally takes forever, people don't use check for this. The seller would have to wait something like 3 weeks before releasing the BTC. This would be pretty pointless for the buyer as well.

TLDR: Using Personal checks is bad for Bitcoins. But i guess a certified check would work fine.

I am not sure about the choice of buying Bitcoins with Checks online, however i know some marketplaces and exchange sites using the debit and credit cards for buying and selling Bitcoin

You would be right in most cases.  I just don't believe in saying 100 percent all is true.   In most cases yes clearing would be great and your all set, but I think of flaws.

Say a payment from a check comes out that you did not authorize it's possible to get cleared by bank, you don't notice till next statement.  There could be different reasons for this.   Low possibility of it happening but it is not unheard of.

But I can see your point on it being right almost all of the time.  And I could be wrong I am not a banker so in no way expert in checks.

I haven't used checks in my life and all but what will happen if someone steals your checkbook and writes himself some checks? Can you call the bank and have your money back?

Luckily I have not had to deal with that and see who covers it.  I've been lucky and never had problems with check's.

This will make me sound old but checks at a time were very common to use.   Paychecks, government checks a lot were shipped on a certain date to arrive at houses. Well bad guys figured out on day's that normally had checks come in... go to mailbox they are in secure envelope so easy to tell.... they then washed recipient's name and changed it to theirs.  They were able to cash checks and it was check fraud.   

But now everyone has moved to direct deposit on almost all payment's.  Have not heard of a check washing scheme in a while.  I don't know for a fact but I'm guessing they cleared until owner of account saw on statement on some, but again could be wrong.

If condition is Bitcoin will be released when cheque has been cleared by the Bank, then its almost the same as paying in fiat.
Sure way is to buy a managers cheque from the Bank which needs no waiting for bank to clear.

I don't think someone from the online business will actually accept checks that just defeat the purpose.  
But if you can find someone who would that will be great but i doubt someone from bitcointalk.

You'll find difficulty when a scammer leave you a check with empty funds in his bank account. Time is gold and you don't wanna spend going to court for maybe 10btc unless its value goes 50K+ each

i think you can aonly do this in real life, face to face trading, you can contact someone here in your zone or on localbitcoin, and try to see if he accept it

but to be honest i would avoid complicated thing like that, go with the usual way of exchangin

Yes banks are normally covered for this.

If the Checkbook is stolen and whoever is holding it writes himself a check, he can't encash it himself since checks undergo signature verification. Holder of that check may pay someone that stolen check but who ever is the holder of that check and tries to deposit to a Bank account, issuing bank of the check will not honor the check because of the signature. More problem if the owner reported the checkbook as stolen.

I would say Checks are good only in real life transaction but not through online.

Checks have the transparent one behind it so you would have a decent idea of signature.  Even if it does not have that the indent in check's behind chances are would be good enough to get a signature that would pass.

But I could be wrong.  I use to sign credit card signature's when asked to with different things not even close to signature.  Credit card it never mad a difference.  But guess that is different story.

that seems like it would be difficult but may work out for you .  ;D

That would mean that the check is counterfeit, and that they verified the counterfeit check and that it was verified to be legit, with a legit signature. I don't think thats possible, but if it happened, at that point they probably destroyed the check and it would be impossible to prove that it is.

That would sound like a nightmare. Its not something that can happen with the electronic version, so i think this method should just get phased out of existence seeing how inefficient it is.

Its not difficult dude. Visit your local U.S. Postal Service and purchase a Money Order slip for the amount listed on your Confirmation Page and Make sure to write your Confirmation Code in the Memo Field mail them a concern money order and easily you can receive bitcoins Except U.S. postal others are timely delaying So try with this good experiance