Bitcoin Forum

Hi there,

scenario  :

I have a client in the US who owes me $1500. I'm not in the US and I can't receive money through WU and similar services without losing a good chunk of it, which I obviously don't want to. And, my client isn't willing to use bitcoins.

What I want to do then is open an account in an exchange, and have my client wire money to that exchange (I think he can manage that...). I'll use that money to buy coins...

I opened an account with bitstamp just to learn that I CAN'T do that. They will only accept money coming me, not from third parties.

So, I need an exchange which does accept transfers from third parties. Do you know any?

You could try looking at localbitcoins for a bitcoin seller in the area of your client that is trusted.  Then the client could pay the localbitcoins seller acting as your "agent".  The localbitcoins seller would then send the bitcoins to you.

Where in the U.S. is your client located?

Thanks Danny. My client is in NY.

Your solution could work, though I'd rather have the money sent to an exchange.

Because of AML/KYC laws, most exchanges aren't going to allow this.

So...bitcoin doesn't seem to be too useful in the real world?

edit :

by the way, the transaction I want to do leaves a pretty good trail for any government shitbags to follow...and yet it isn't allowed? What a stupid joke.

You've got that backwards.

Bitcoin is VERY useful in the real world (as long as the sender has bitcoins, and the receiver wants bitcoins).  With bitcoins there is no way for any government to prevent one person from sending bitcoins to another person.

What doesn't seem to be very useful in the real world is government fiat currency.  That is where you are running into the problem.  The government is regulating the use of their currency and making it difficult for the person with the government currency to get that currency into a currency exchange in someone else's name.

The problem isn't the bitcoins. The problem is that your payer has difficult-to-use government printed fiat currency.  Now you can see how useless that silly paper stuff is, and why bitcoin is so revolutionary.


Yep.  I agree.  Stupid rules applied on the transfer of government created fiat currencies.

It's not that I'm unaware of the problems caused by government.  After all, I've been reading libertarian literature for a while now...

Anyway, in the spirit of full disclousre, I asked itbit if they accept transfers from third paries and they said "yes, but we discourage the practice". The thing is, I don't trust them to actually do it.

Also, I'm not sure if itbit is to be trusted as an exchange at all.

ask client to find a local bitcoin seller  and send you BTC (you can accept directly to exchange address where you can sell them and cashout)

You can not deposit and withdraw from 2 different guys in the same exchange account.
They will require verification of identity first.


But you can ask the guy to buy btc, and then send btc to your exchange account, and then you will be able to withdraw it to your bank account.

Thanks for your replies, though they all miss the point.

What I need is an exchange that ACCEPTS FUNDS FROM THIRD PARTIES. Notice that I'll open an account in the exchange so I'll have to hand them personal info and would be complying with ther 'aml' 'kyc' fascist garbage.

Is he refusing to pay in whole, or just in BTC?

> Why make it complicated?

I'm making it as easy as possible, given my constrainsts. I do not have a bank account. And I cannot receive money through WU withour incuring a heavy loss.

> Ask your client to wire the money to you directly.

 That is EXACTLY what I want to avoid. Read my first message.

Does not make any sense, if you do not have a bank account how do you even hope to withdraw from the exchange in the first place?
And by the way, you will never find something that does not exist. Only the owner of the account can deposit funds into the accounts.

As bitcoins obviously.  That's why they are being sent to an exchange.

That was a very silly question.


Unless someone creates (or has created) an exchange somewhere that does not implement such restrictions.

>Is he refusing to pay in whole, or just in BTC?

Just in btc because...btc is too complicated.

So I wanted to give him a bank account (the exchange's) to wire moeny to and be done with it.

Just tell him to sign up on coinbase and buy some BTC. It would only take a few days, its not illegal and its 100% safe (since he is in America). I dont see why he wont do it.

Then why is he asking to do something impossible instead of asking for btc directly sent to any of his addresses?


Which is/will be illegal and then, closed.

Did you even read any comments in this thread before trying to make wild guesses about what would be helpful?

And yet, we see the following:

Thanks Danny!

I was starting to worry, thinking that my english was hoplessly garbled  ;D

Yes, I read the OP, and not all responses, but some of them.

What does not make sense to me:
1) Why do someone in a foreign country owe you more than 1k usd in the first place if you do not have any idea whatsoever how to get paid?
2) Why don't you have a bank account?
3) If the client is not willing to use btc, how could you possibly think that he will be willing to send money to a shady btc exchange?

Therefore, I conclude that the problem was unsolved because it was wrongly explained in the first place.
Instead of trying to find something that does not exist, ask the guy to send you directly btc, no matter what he wants to.





Does not make what I said, wrong.

I wouldnt say 100% safe, hackers can access accounts easily nowadays....

If someone asks you to buy a car for 10 usd, you should not try to find one, or that you know a friend who might sell a car for that price, you should tell him to put more money in it. ::)

He can give the money to someone you trust in the us, someone that uses bitcoin who will then send you 1500$ worth of bitcoins

He owes you money so shouldn't he pay for the fees if he sends it to you via WU?

He deposit with his credit card on your poker.stars account if you have one (probably against pokerst.ars rules)

bitcoin44me

I consider your posts in this thread either spam or trolling.

How is this any of your business?  If the OP was willing to share this information, he would have.


How is this any of your business?  If the OP was willing to share this information, he would have.


Because the client has already indicated that he's willing to wire money?

http://www.cryptocoinsnews.com/2014/02/16/italy-imposes-20-tax-wire-transfers-bitcoin-unaffected/

I think dannyhamilton is very trusted guy here. Try asking him to accept the money and send you the bitcoins.

I don't accept wire transfers.

Unless his client is in the Chicago area, I won't be able to help him.