Bitcoin Forum

Ok so i need some bitcoins as some of us do, so i linked my bank account and transfered money to my dwolla account.
The money got in today and I was so excited.
But then i see that i have to wait another 30 days!
This really ticked me off, I was never told of this and i was expecting to get my bitcoins soon :(
So what can i do now?

My understanding is that the 30-day Dwolla thing is a brand new development and many other bitcoiners are pretty annoyed with Dwolla for it.

Do you know anyone with bitcoins already?  I'd guess not, but like anything else, the best way to aquire anything is from someone that you already know in real life and generally can trust.  What city do you live in?  Many major cities have someone from that area that you could go meet in person and buy with cash, if you really are that desperate.

I live in a small hicktown in east tennessee so buying locally is out of the question.
Plus theres the wait im gonna have to go trough to get my money BACK out of dwolla (took a week to put it in)
This is not going how i planned  >:(

Sorry for your troubles.  That's how it always is, though.  Getting the money is the hard part, spending it is always pretty easy.

Any services i can transfer the money from dwolla to then to mt gox?
Like a middleman?

How many coins are we talking about?

20 btc
I have 110$ usd in the dwolla account

I see you are looking to hit up some of that SR :D

This new 30 day restriction is probably because of money laundering regulations.

First it was Paxum then it is Dwolla now ???

Whats a SR?  ;)

I dont know what to do now, What should be my next step?

BitFloor (of NYC) accepts Dwolla USD for deposit and does not have the 30-day and other new restrictions for its Dwolla depositors.
  - http://www.BitFloor.com

[Update: BitFloor no longer accepts Dwolla (nor allows Dwolla withdrawals)]

Just tried it they have the 30 day restrictions :(
Thanks for the help

sorry phyre I thought I had 20 coins but I don't I forgot I made a big withdrawal a couple days ago.  It will be 1-2 days before I mine enough.

Once you are no longer a noob post in the currency exchange forum ("WTT $110 Dwolla for 20 BTC") I am sure somebody will do it.  Obviously w/ 8 posts you are going to have to tx first so make sure your counterparty has some reputation.

Thanks man :) 2 hrs and 19 minutes of time logged.
Will it be automatic when i get 4 hours?

I dont mind fronting the money as long as he has a good rep.

And just 1-2 days to mine 20 btc thats amazing! :o

I am having this same problem I would not mind trading for dwolla with someone either as long as they have good rep and withh throw $2.00 on top want to do a $33.00 Trans

Has Dwolla actually officially announced this policy somewhere or articulated the details of exactly to whom it applies?

This issue (30-day restriction, SSN verification, & Dwolla hub enabled) can be verified by trying to send a payment to a bitcoin exchange.  Dwolla will display the following:

https://i.imgur.com/MLwXV.png

The restriction is universal -- it applies to every account.  But it is a restriction that occurs only when trying to send USDs to Bitcoin exchanges (or others where Dwolla has found risky with regards to ACH fraud or other reversals occurring.)

I am new to bitcoin as well... I understand the reluctance to use Paypal or credit card companies... However, this is one of the easiest ways to make purchases online...  It isn't in their interest to facilitate bitcoin whatsoever... But I have to say, if I wasn't so interested in this, I would have given up trying to get some coins a looooong time ago.

The difficulty will definitely hurt adoption.  I'm sure it already has.

now thats funny, waiting 30 days, 5 more months and they end up like paypal

very easy for these "exchangers", when they need some money, they just start pulling AML stunts

more and more people getting mtgoxed it seems

Perhaps you are misunderstanding the specifics on this 30 days restriction.

The restriction is that a Dwolla customer who just recently added funds from a bank or hasn't yet added funds from a bank at all yet cannot send Dwolla funds TO the exchanges until 30 days after that first transfer from a linked bank account occurs.  So the funds aren't being "frozen" by Dwolla, they just can't be transferred to certain parties until an initial probationary period has expired.

There are no restrictions on a Dwolla customer from sending those funds to another Dwolla customer, nor is there a restriction on withdrawing those funds.

So to suggest that the exchanges are holding onto the Dwolla funds due to Dwolla's new 30 day restriction is misleading.

If any exchange is not able to payout Dwolla funds it is for other reasons than Dwolla's 30-day restriction.

I'm stuck in this same situation sadly. Oh well I guess I will just wait 27 more days :(

There are people who have Mt. Gox USD and are willing to trade a MTGUSD redeemable code for your Dwolla USDs, person-to-person:

 - http://bitcointalk.org/index.php?topic=78512.0

 :( Need MTGOX, have DWOLLA.

EDIT: Answered my own question.

Yeah this really sucks.. just got hit by the 30 day message.  Anxiously waiting...

Guys, try the new site www.coineta.com that I am developing which will automatically process person to person PayPal to Bitcoin exchange.
I myself placed there two orders to buy bitcoins at the current MT Gox rate for US and Canadian dollars. The site is fully functional if you are located in USA or Canada. I just want to see if there are any interest in such service before adding peer to peer exchange for other countries and for more payment processors outside of PayPal like Dwolla or Paxum.
I added a safety measure against charge backs. It will automatically match orders placed by users with similar rank. The rank is just number of successfully processed orders. For example if you made 10 orders then your order will be matched with users with more than 5 and up to 20 successful orders. Brand new users can only trade with each other. Since orders are matched randomly and automatically it would be impossible to artificially raise the reputation.
I will also add automatic blocking of users who ever did a PayPal charge back

for all users of dwolla who has 30 days limitation please use the marketplace section or search for the honest traders post and there you will find people able to exchange dwolla to btc

I've starting looking for some people to trade with.. need to get some more posts and time in.

In light of the new user agreement and the relationship between Mt. Gox and dwolla, it just seems like Dwolla is no longer worth it. Submitting a DL and Proof of Residency? Come ON.

bitinstant is making it much easier to get coins now.  If you're still looking for a way, head over to their site.

dwolla is garbage

+1 for the win!!11!
Now it is as easy as buying a beer.

Yeah it's really convenient, but it comes at a cost depending on which options you use. If you go through moneygram (CVS, etc..) they will also charge you a $3.95 fee, on top of the 3.99% Bitinstant takes, and the $1 that coinvault takes.  That $3.95 fee sucks.

Overall I've been paying about $10 in fees for each transaction. (Under $200)

Is this a one-time restriction or every time? I've used dwolla to mtgox before and have several transfers in and out over six months.

its just one time

Well that certainly isn't as bad as every transaction.

BitFloor stopped doing Mt Gox codes too, dangit. Just when things started going good! THAT was sweet...
All they Have now is :
IN - Cash, and Bank Wire
Out - FREE ACH direct deposit (which is good, 1-3 days)

PS If anyone wants a domain name to do transfers, I have a few good ones in mind. Or if someone can code a couple simple scripts, I'll start offering (free or close) transfers myself. (W/O using PayPal) Something HAS to be done, this is NUTS!

Buy bitcoins on a peer to peer exchange on www.coineta.com in less than 1 minute. You can sell bitcoins there too


http://i45.tinypic.com/oiu3pk.jpg

i can't understand how your website works

I just bought a couple of coins just to test this Singapore site: https://dgtmkt.com/
Was able to buy with creditcard, and received the coins after just 10 minutes.
Don't know how much they have available though.

Sorry, I think it is my fault. I need to create a good tutorial

It is very simple. If you want to sell bitcoins you go to Balance link and you will see your bitcoin address with Coineta. You have to send bitcoins that you want to sell to that address first

If you want to sell dollars in exchange for bitcoins, you will go to Trade link, select that you want to exchange USD for bitcoins, enter your Paypal email and password and select price that you wish to pay for bitcoins. You will see a table with current bid and ask prices. If you select order type Market your order will be executed immediately at the best available bid price. I wrote a software robot that will send money on your behalf from PayPal. The bot does not log your password anywhere, so there is no incentives for hackers to break into my servers. They would not find anything. But if you don't believe me you can change your password right after execution of your order. Your market order will take just few seconds to execute

I am planning support for Dwolla and other major payment processors, but I want to see first if there is a large enough interest in what I am offering

well if you are planing to ad more payments to your website count me as your customer. paypal is not my preferable method. try to ad dwolla, liberty reserve okpay etc

I feel your pain man same thing happened to me if i would have known before hand i would have never used dwolla in the first place, its really quite unfortunate.  The whole reason for using dwolla and mt gox is to make sure that your money is safe.  If i wanted my money to be useless for 30 days i would have buried it in my backyard  :'(0

Gah, I fell into this hole too. Hopefully I can get out into the market place section soon enough so I can trade...

You can ask to be whitelisted. 

Otherwise, if you have Dwolla and are looking to trade for Mt Gox USDs, I can post a link to this thread in the thread where those requests are frequently shown:

 - http://bitcointalk.org/index.php?topic=78512.0

i think dwolla is down.

same problem here, unfortunately having no posts i can't PM and do trades, which is understandable but currently frustrating

You can see if there is any interest on #bitcoin-otc:

 - http://webchat.freenode.net/?channels=#bitcoin-otc-foyer
 - http://www.bitcoin-otc.com

[Update: If you would like, put out what trade you are looking for here in this thread and I'll cross-post it to the Mt. Gox <--> Dwolla thread:

 - http://bitcointalk.org/index.php?topic=78512.0 ]

I recently bought my first 11BTC via ebay/paypal - a 10BTC and a 1BTC auction.  Both went smoothly.

Paid a premium, but 27 more days in my Dwolla time-out to go.

I bought my first BTC via https://localbitcoins.com/ . You can use their escrow service or you can choose to meet in person. I met in person with a guy in Atlanta and he was great to deal with.

I have $100 in Dwolla and I'm looking to trade it for bitcoins or MtGox USD. Could someone post it on that thread where people are looking to do this kind of trade? I'm a noob so I can't post there yet.

Hmmm...  I just went over and looked at this site. I can't find where they accept credit cards.

I used http://cryptoxchange.com/ only 1 day via bank transfer

Or you can buy coins from me at the current mtgox price. I am still on a restricted account so I cant go to the marketplace yet but I am currently accepting moneypaks and/or western unions for even exchange to build a good reputation on here. I encourage small transactions to build trust. Hit me up as I have about 40 coins for sale at the moment!

I'll be darned if I can figure out how to buy with a credit card. Can you offer any advice?