Bitcoin Forum

Economy => Service Discussion => Topic started by: 420 on December 19, 2012, 03:19:37 AM



Title: BitInstant to CampBX?
Post by: 420 on December 19, 2012, 03:19:37 AM
 if BitInstant would let us deposit cash in CBX that would be fantastic


Title: Re: BitInstant to CampBX?
Post by: TheButterZone on December 19, 2012, 03:35:32 AM
move topic>https://bitcointalk.org/index.php?board=85.0


Title: Re: BitInstant to CampBX?
Post by: 420 on December 19, 2012, 03:45:33 AM
move topic>https://bitcointalk.org/index.php?board=85.0

thanks. had a different intention when I began writing, removed the other issue and made it only to talk about the service


Title: Re: BitInstant to CampBX?
Post by: Stephen Gornick on December 19, 2012, 10:35:50 AM
if BitInstant would let us deposit cash in CBX that would be fantastic

They kind of do ... you choose Dwolla, which Camp BX accepts.

If you wanted an exchange where you can deposit cash without even going through BitInstant, BitMe.com does this.   Unfortunately, there is so much demand for this the exchange rate there is higher than spot price (good for sellers though ...).   


Title: Re: BitInstant to CampBX?
Post by: 420 on December 19, 2012, 10:03:06 PM
if BitInstant would let us deposit cash in CBX that would be fantastic

They kind of do ... you choose Dwolla, which Camp BX accepts.

If you wanted an exchange where you can deposit cash without even going through BitInstant, BitMe.com does this.   Unfortunately, there is so much demand for this the exchange rate there is higher than spot price (good for sellers though ...).   

no, I don't see any option where BitInstant can send TO dwolla


Title: Re: BitInstant to CampBX?
Post by: Stephen Gornick on December 19, 2012, 11:29:24 PM
no, I don't see any option where BitInstant can send TO dwolla

Thanks for pointing that out.  I thought they had, just like they do for PayPal.  I wonder why not, ... it would seem easy enough for them to add that method.


Title: Re: BitInstant to CampBX?
Post by: Stephen Gornick on December 20, 2012, 06:34:33 AM
no, I don't see any option where BitInstant can send TO dwolla

Also, Dwolla USDs are Dwolla USDs.  So if you send the funds through BitInstant and they end up at Mt. Gox, couldn't you withdraw the USDs from Mt. Gox via Dwolla and then transfer from there to Camp BX?

If I remember correctly, Mt. Gox prefers that the USDs deposited turn at least once (e.g., used to buy bitcoins) but I don't think there is a technical mechanism that would prevent you from immediately withdawing any Dwolla funds that you've deposited.   Though ... Mt. Gox already often has a backlog for withdrawals using Dwolla, so if you need this for arbitrage it probably wouldn't work.   Maybe doing a trade, your MTGUSDs for someone else's Dwolla USDs, from there will work for you.