Bitcoin Forum

Thought I would turn to my fellow Bitcoiners  8)

Wire transfers simply take too long to process, been using Bitstamp since October, 2013 they were pretty fast (avg. 2 days) now they consistently take 3-4 days. Sepa is an option, generally 1 day faster than Wire however the associated fees/charges equate to around 3%.

There has to be a better way!

Any suggestions guys?

Banks suck. Bank transaction (sepa, wire, everything) is slow as hell. That's the way it is :(

This is why we need Bitcoin :)

 ;D Could not agree with you more brother - the retail exchange rate banks impose is unfair

Yes.  You can deposit BTC fairly quickly.  Exchanges usually require 3-6 confirmations.  Fiat takes days to weeks depending on how you are transferring and whatever authority arbitrarily decides that your transaction is ok.

Bitstamp does deal with Ripple. Perhaps there's a way to get dollars in there using that though I've no idea how.

Where are you looking to deposit from? US, European Union, UK or Asia-pacific region?

I have found that the best way for me (and rates) is using Virwox.
I use credit card and paypal to fund my account, then change it to SLL and then to BTC.
Only takes about 1 hour max to have the coins.

EDIT: Keep in mind that new accounts on Virwox require 48hours so that you get your coins.
After that you get them fast.
I have even made a payment to Bitmain directly from there.

yes, Bitstamp has become much slower unfortunately

Ктo иcкaз бтк CКPB

I used Coinbase.com which took 4 days from my bank account transfer to coins. For someone newly getting into BTC and eager to have my first coins, that felt like forever. Then I used coin.mx and after confirming my bank account, the coins were in my wallet within an hour. They are located in the U.S. and are fully legit, I will vouch for them. Great customer support too. Live chat, and they'll call you to confirm. Hope this helps.

Interesting thanks bud! I have heard of this methods, although some folks are giving it mixed reviews (owning to the SLL/BTC rate and also Payeer/Credit card transaction fees - will research a bit more though

Good question :D Based in the UK

http://www.youtube.com/watch?v=cFDbMECoFvg

Guess that's the premium we pay for using an exchange with solid security/solvency : )

slow and expensive!
that's we can explain about bank transaction ::)

Thanks for the suggestions thus far!!

Trying to think outside the box now.

How about;

1. Going to Slovenia; Opening an account with Unicredit; Make all subsequent deposits via that account - Don't know if that would actually speed things up?

2. Open an International Account with (Eg. CitiBank); Try and do all BTC trading in EUR; Deposit via SEPA

Any one have up to date experience depositing fiat funds to Kraken, BTC-e or Bitfinex?

If you have a Dutch bank account, you can instantly buy BTC up to 10K euro at https://bitonic.nl/ They go by the BTC-e rate with a small service premium, but in case of an uptrend in BTC that shouldn't be a problem.

basketball pix -> "genesis" block

^ What?

+1?  Their company logo?

Thanks Dalmar!

Looking into it now, have you used them before? Trip to Hauge or Amsterdam :D

Yeah a couple of times, mainly when BTC suddenly starts going parabolic (like oct-nov last year). It is the quickest way to get into BTC from my bank/brokerage account, you get your BTC instantly.

Cheers bro! Do you have links to these third party processors; Misterpay and iDEAL ? My Dutch is not very good!

* Mistercash

Cool, found - think these are the right companies:

Mistercash: http://www.mistercash.net/wat-is-mistercash/

iDEAL: http://www.ideal.nl/banken/?lang=eng-GB

Cheers for that mate! I was thinking along the same lines. However Bitstamp only retail Ripple.