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Title: Deleted Post by: kingcolex on July 18, 2014, 05:26:38 PM .
Title: Re: Bitcoin investing without Bank transfer Post by: Meuh6879 on July 18, 2014, 05:28:15 PM use bank then wire to paypal account then virwox then SLL then BTC.
like me ... in Europe. :P Title: Re: Bitcoin investing without Bank transfer Post by: Whitehouse on July 18, 2014, 05:33:32 PM IF you're that paranoid about using exchnages maybe you should avoid them and try a different route to getting bitcoins. You could try the marketplace here as many people sell bitcoins for all different types of payment and you don't have to use banks. You could also meet someone face to face off localbitcoins in your area.
Title: Re: Bitcoin investing without Bank transfer Post by: AliceWonder on July 18, 2014, 05:36:07 PM Use CampBX - you can send them a USD money order to fund your account.
Title: Re: Bitcoin investing without Bank transfer Post by: djjacket on July 18, 2014, 05:53:25 PM So i used to have a coinbase account until i closed it and i closed it due to a fear that if an attack happened on coinbase that they could transfer funds from my bank account. Now i still would like to buy bitcoins but i can't seem to find a decent way to do that without a bank transfer. Should i just trust coinbase with my bank information? Say an unathorized wire happened would i be screwed or would the bank cover me? What is the best way to go about this and what are your experiences? For reference i live in the US and use a major US bank. You could open a separate bank account for dealing directly with CoinBase. Only keep a small amount of cash in the account to limit your risks. For US bitcoin users it is really the most convenient method to purchase bitcoins. BitSimple is a great service if you just want to perform wire transaction instead of instant ACH's. That is a push transfer instead of the pull ACH Coinbase performs. I would also check out localbitcoins - might be able to establish a relationship with a local bitcoin seller if you requirements are low and you would like to do smaller cash-only transactions. Title: Re: Bitcoin investing without Bank transfer Post by: franky1 on July 18, 2014, 05:55:00 PM Use CampBX - you can send them a USD money order to fund your account. Money order seems like a tedious pain for the amount i like to spend often.get your local "dollar"/"pound" store to accept bitcoin and tell the merchant you will buy the bitcoins off them.. usually their transactions are only a few dollars/pounds per transaction so its not like they will be ceiving hndreds at a time.. it may be slow but its a way of doing it 'cash in hand' so to speak. plus ofcourse it helps the mainstreaming process and brings a bit of bitcoin knowledge to your town and may bnefit the merchant with a bit of extra local press/customers Title: Re: Bitcoin investing without Bank transfer Post by: miohtama on July 18, 2014, 06:09:10 PM So i used to have a coinbase account until i closed it and i closed it due to a fear that if an attack happened on coinbase that they could transfer funds from my bank account. Now i still would like to buy bitcoins but i can't seem to find a decent way to do that without a bank transfer. Should i just trust coinbase with my bank information? Say an unathorized wire happened would i be screwed or would the bank cover me? What is the best way to go about this and what are your experiences? There are numerious ways: PayPal, MoneyPak, cash, etc. Buy bitcoins online in United States (https://localbitcoins.com/buy-bitcoins-online/us/united-states/) Buying bitcoins is 100% safe with escrow like one on LocalBitcoins. Selling Bitcoins is more risky as you accepting bank transfers from unknown parties in internet. Title: Re: Bitcoin investing without Bank transfer Post by: jcoin200 on July 18, 2014, 06:57:49 PM Find someone local selling BTC, or hypothetically you could but loaded physical coins on eBay, but I have had a very bad experience trying to acquire BTC through eBay. It was a paper wallet though, I think a physical coin would be protected by the buyer protection program
Title: Re: Bitcoin investing without Bank transfer Post by: Bitcoin Magazine on July 18, 2014, 06:59:37 PM NASDAQ: COIN in just a few months ;D
Title: Re: Bitcoin investing without Bank transfer Post by: wayouttheredude on July 18, 2014, 07:33:35 PM Use CampBX - you can send them a USD money order to fund your account. Money order seems like a tedious pain for the amount i like to spend often.get your local "dollar"/"pound" store to accept bitcoin and tell the merchant you will buy the bitcoins off them.. usually their transactions are only a few dollars/pounds per transaction so its not like they will be ceiving hndreds at a time.. it may be slow but its a way of doing it 'cash in hand' so to speak. plus ofcourse it helps the mainstreaming process and brings a bit of bitcoin knowledge to your town and may bnefit the merchant with a bit of extra local press/customers I like this idea as I live in a bit of a small city in the US deep in fly over area of the country. This approach might help expand Bitcoin acceptance and should be far less expensive than a cryptocurrency ATM. Title: Re: Bitcoin investing without Bank transfer Post by: bridgesro on July 18, 2014, 07:46:29 PM You could open a separate bank account for dealing directly with CoinBase. Only keep a small amount of cash in the account to limit your risks. For US bitcoin users it is really the most convenient method to purchase bitcoins. I think this might be your best bet, TC. You can use the same bank you use now and open a second account with them. Any attack on Coinbase would only subject that one account at the bank; your main account would still be safe. With two accounts at the same bank, you could easily transfer funds online from one account to the other to purchase Bitcoins through Coinbase. Doing this all online would make it easier to transfer only the amount needed for your purchase, so you won't have to worry about having leftover money in your account that could be taken if the account were compromised. Title: Re: Bitcoin investing without Bank transfer Post by: waldox on July 18, 2014, 11:19:52 PM use localbitcoins
or goto your local bitcoin meetup to buy sell bitcoins (meetup.com) Title: Re: Bitcoin investing without Bank transfer Post by: Cicero2.0 on July 19, 2014, 04:40:19 AM I have a dedicated account just for purchasing bitcoin. I only keep money in there to wait for the ACH withdrawal from coin base. This also keeps my accounts at my regular bank from being closed due to bitcoin activity.
Title: Re: Bitcoin investing without Bank transfer Post by: ANTIcentralized on July 19, 2014, 05:00:24 AM IF you're that paranoid about using exchnages maybe you should avoid them and try a different route to getting bitcoins. You could try the marketplace here as many people sell bitcoins for all different types of payment and you don't have to use banks. You could also meet someone face to face off localbitcoins in your area. Local bitcoins isn't a great option for me do to not a lot of people in my area sell them and the ones do up charge a lot. I like to buy a smaller amount (around 20$ every other week) and store them up. Now the other poster was saying the virWoX may be the way to go and looking at it, it may seem safe.Unless you are doing a in face to face trade you do not need to use someone locally on LBC Title: Re: Bitcoin investing without Bank transfer Post by: jonanon on July 19, 2014, 05:17:44 AM This has been my problem from the start, I want to use debit card to buy BTC, not via Virwox but from an exchange at the right price, until this becomes the case then it will hinder Bitcoins development.
Title: Re: Bitcoin investing without Bank transfer Post by: Tenarlty on July 19, 2014, 06:36:18 AM So i used to have a coinbase account until i closed it and i closed it due to a fear that if an attack happened on coinbase that they could transfer funds from my bank account. Wow, didn't know before that this is possible! Now I have a really big opportunities.Title: Re: Bitcoin investing without Bank transfer Post by: jc01480 on July 19, 2014, 07:06:27 AM Anyplace that sells BTC on a credit card is (highly) likely a scam or they're reselling your cc info. If you do this, make sure and sign yourself up for that credit monitoring service beforehand.
Edit: Lifelock I think it is? Not sure, but good service. Title: Re: Bitcoin investing without Bank transfer Post by: jonanon on July 19, 2014, 02:48:30 PM Anyplace that sells BTC on a credit card is (highly) likely a scam or they're reselling your cc info. If you do this, make sure and sign yourself up for that credit monitoring service beforehand. Edit: Lifelock I think it is? Not sure, but good service. That's why we need trusted, regulated exchanges that verify all their members, there should then be no problem using credit card or debit card. As I have said before not being able to using a card payment to easily obtain Bitcoin will only hinder Bitcoin going forward. If I wanted to change GBP to USD I could do so via an online currency exchange company, the post office for examplem and pay with a credit card, it should be no difference for Bitcoin. |