Bitcoin Forum

So I'm new to the whole bitcoin thing. I moved $400 (about the amount I need) into Dwolla, but I was not aware of the 30 day waiting period. I only have a limited time to make my purchase. I just created a MtGox account, and am considering transferring money to it from my checking account. Is this a good idea, or are there better options?

Depends on timing, if you need the coins immediately you should try to go through a trusted member on this site and use whatever method that is mutually agreed upon. If you don't care about how long it will take for you to do the bank transfer, go that route. But more than likely the fees involved with the bank transfer of $400 will probably be around the same as what a member would charge which is on average around 5% ($20)

I have coins but I have not developed much of a history on here yet.

Ok, do you know where I could find one of these trusted members?

Check out the marketplace, members buy/sell in there but I think you need to get your post count up a little bit to be able to respond out of the newbie section. But you also might get members coming into your post with offers. Just make sure you do a search of them and see what others have said.

What about mtgox? I have an unpaid order at aurumxchange for $400, but I can't figure out how to transfer the money from my bank, and since it's Sunday they aren't open. Should I just cancel that?

If I were in your situation and could not wait for the banks on Monday I would cancel my order and find an exchanger willing to take moneypak in exchange for btc or a redeemable code. If this happened earlier today I would say go with someone that has a cash deposit option like bitinstant to send your btc to mt. gox.

Alright. Going to sleep and gonna see what people say when I wake up.

One more thing- is there a site that shows you how to use sites like moneypak? Because I'm clueless there too.

If you are just purchasing moneypak to use in purchasing btc there really isn't much you need to know. With moneypak you just need to go to any participating retailer and purchase grab a moneypak, take it to the cashier and give them the amount you want to load. The retailer usually charges about $4.95 for the moneypak plus whatever you are putting on it. From there, assuming you have a trade lined up, you contact your exhanger and give them the moneypak number. They use the moneypak to either load a pre-paid card of theirs or load their paypal; once transferred they send you the coins to your wallet. But research anyone you are doing business with because they could potentially take your money and send the coins.

Thanks, Drews. You're pretty new here yourself. How come you know so much about bitcoins?  :)

Here's a thread specificially for people like yourself.  The thread is monitored by individuals who have funds in Mt. Gox and cannot withdraw through Dwolla, so they would gladly trade MTGUSD or BTCs with those who have Dwolla USDs:
 - http://bitcointalk.org/index.php?topic=78512.0

You'll have no problem finding a counterparty, just be careful with whom you trade.  The OP in that thread lists his #bitcoin-otc Web of Trust (WoT) history and it shows a pristine trading record.
 - http://bitcoin-otc.com/viewratingdetail.php?nick=gigavps

I'm a new poster on here but have been interested and following btc since about January last year when I learned about them from my IT guy at work who had started mining. Basically I'm just a dork that is interested in economics / monetary policy and whenever I take an interest in something I try to learn as much as possible about it.

But as Stephen just mentioned look into anyone you do business with; a good chunk are here for the right reasons while others are just here to make a quick buck and bounce ripping people off as they go.

What are some red flags that suggest I'm dealing with an untrustworthy person?

Im looking for AP(Alertypay but now known as payza) funds, if you could deposit with your card into your own payza.com account, we could do the exchange either with exchangezone.com or whatever other method you would prefer.

I will do the exchange at face value with no fees above the 2.5% + 25c receiver fee I would pay from receiving AP funds from you. Send me PM or reply in this thread if interested and we can figure something out.

I need 64.28 bitcoins for about 330 dollars. Do you have a dwolla account?

Dont have dwolla(not american either), Im specificly interested in this because I need AP funds otherwise there is no need for me to make this exchange.

In my experience there isn't really ever one flag that is universal among all scammers as some are way better at it than others. If something just doesn't feel right about the transaction or they rush you to complete, you might just want to back off. Just remember the search function is your friend; there are lots of scammer stories on here to learn from.

Yeah.....I also didn't know about Dwolla's 30 day policy....was pretty bummed :(

Glad to help with a portion.  Can't do the full amt.

Yeah the 30 day wait sucks.... I need some damn coins.

Ive just traded with goa tse doh

confirmation of BTC payment to wallet he provided: http://blockchain.info/address/1JWh3CKiV9JA2Dk64wGK2XK7vqSteWMDHM


Goa, I can only send 10message per hour so to answer your last pm, you need to wait for atleast 1 network confirmation(new block) after receiving the BTC before you can spend it.

PS. may aswell answer your last question here, now that you have the coins you would need to add the remote address(where you want to send your payment) by adding the address to Address book then send coin to that address.

Posting to confirm that Clipse and I had a successful trade. Thanks so much!

Great, enjoy whatever you end up spending those coins on ;)

You can lock this thread as its resolved.

OK then. How long should that take.

Really grateful for all your help, btw.

No problem.

As I said, Ive never used the service you plan to use those coins on so I can only help you up to the point of receiving the BTC in your wallet.

You will either have to ask for help from them or figure it out since I would just be guessing.

OK. But just to confirm, there is nothing else I have to do to confirm those coins other than wait for  a new block to be created, correct?

They should be spendable by now ie. you should have been credited now and be able to send it to where you want. Other than that, you have nothing else to do from your side.

K then. Locking thread now.