They want me to buy 10 bitcoin, wait 30 days with my money in their account?? What are they nuts? What kind of people would use a service like that? I don't think there's a requirement that you keep the money in your coinbase wallet during the 30 days. I'm pretty sure you can spend it. I certainly haven't read that anywhere. I think the requirement is just that 30 days after your first transaction, you are considered verified, and you can now go up to a limit of 100 BTC. If you posted on their forum calling them nuts, I can see why they removed your post. Calling them nuts? Who said that? I asked about their limits and why there were limits. The least they could have done was respond in kind with some kind of answer. Anything. Apparently if the question/answer is not in their favor, on to the next one. Just because they don't like the question shouldn't give them the excuse to not answer it. Everyone tells me to read, but read what? The only thing I see about limits is on their page and it says, "Are there any limits in place? Yes, the maximum you can buy or sell right now is $100 USD per user, per day. This is a low limit just so we can keep an eye on things as we ramp up, and make sure we have all the right systems in place to prevent abuse. We’ll raise this limit over the coming months." If you think that encapsulates and answers all the questions people have, I really don't think so. They could have least elaborated a little on that since their whole presence there is based on buying/selling bitcoin. They spent the least amount of energy explaining the most important topic I think. Seriously, maybe I missed the memo or some other obscure hard finding document on their page. Since everyone here is well versed and very informative about how coinbase works, please send me the URL that explains all of this I'd love to read it. I'm always the negative type of questioner. Most people on a forum are too intimidated or afraid to question things that will prompt a hostile response, but unfortunately sometimes that is the only way things get answered. If I tip toe around, trying to be politically correct all the time, trying not to offend everyone's sensitive personality nothing would come out of it. Also, if you get upset and respond to someone's post/question or opinion on something in a hostile manner, you may need a break and chill out a little or as my grandfather would say, get laid. Heh. You can only buy 10 btc a day, and you will have access to them once the bank transfer completes. Then, 30 days after your first purchase, your limit will be raised to 100 btc a day. They don't keep the 10 btc or anything. And how do you know this? I don't see this information anywhere? This is why I asked. Apparently asking them doesn't prompt a response and if they don't even have a presence here on the forums it might not be worth to use them at all. What if I have a real issue down the road with a lot of money on the line, where will support be at that time? How a company operates at the beginning stages is just a vision of how they will continue to operate down the road. I suggest to just be cautious with this one. |
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I'm trying again with a small amount and have a question. My order went from funded to confirmed. Approximately how long does it take to hit my Dwolla account? Hours? Days?
Thanks
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I've used Bitinstant once and I went through hell with MoneyGram. I ended up visiting 3 different CVS stores and 1 Acme store. I ended up speaking with over 12 MoneyGram reps at 3 different levels of service. No one could get the correct amount. Since that zipzap fee is added on, everytime I went to pay and the cashier entered the amount I was told to tell her it always came back not the correct amount and the order never went through. Once that happens you need to start all over again with MoneyGram so they can submit the order back to the terminal so the cashier can then try to process the order again. I would guess my order was processed about 25 times that day from 6 different employees. Even when the cashier was on the phone with MoneyGram they still couldn't do it properly. Not only until 6 hours later, at the end of the day someone got it correct somehow and the payment went through. What was I to do here? Moneygram asked me if the fee was included and all I did was follow what the paperwork said from Bitinstant. There must be an easier method here? Besides cash deposit at one of these stores, how else could one buy bitcoins with Bitinstant?
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As far as I know you can use BitInstant with any MoneyGram location, and those are virtually everywhere.
This is hell. It took me all day to do a simple cash deposit with this MoneyGram deal. No matter what amount I told the cashier I wanted to deposit it was the wrong amount and I had to go back to that stupid red phone and call Money Gram again. I had to visit 3 CVS stores and an Acme to get one stupid deposit done. Then all the fees on top of that it just killed me. |
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Mtgox changed what "verified" means again. What I had to do to withdraw from my already-withdrew-to-dwolla-a-shit-ton Gox was to verify with ID (a week), then go into "funding options"->"Withdraw funds". Then in the drop down you will have either "US Dollar (Dwolla)", or you will have that option PLUS "dwolla" (or whatever you labeled it) if you are verified. If you don't have the latter, you need to pick "US Dollar (Dwolla)" and choose "add withdraw method", follow the steps in the "withdraw wizard" where you expand "dwolla" and press "bank transfers", fill in your dwolla info, and wait a few days more for them to "verify" Dwolla.
Thanks for your reply. As I said in my first post I already submitted my drivers license per Mt.Gox to get verified. If you click on "settings" the click on "get verified" that will take me to the same place your directions did. I can see my uploaded drivers license file still there. It already has been a week, so maybe it is taking them a little longer. Thanks. |
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Hi Opentoe, You are right to be wary of experimental software when we are talking about money. I work to my best effort to make MultiBit as good as commercial software (which is my background) but with the manpower I have available there are limits to what can be done. In reality ALL Bitcoin is experimental to some degree. The most important thing with a Bitcoin client are the private keys. You can export your private keys from MultiBit to a file and check they create the correct Bitcoin addresses in some other Bitcoin application (though be careful exposing your private keys to anyone) or by reimporting them to a new MultiBit wallet and checking the addresses. The encrypted private key export files can be decoded on the command line using openssl as described here (near the bottom of the post): https://github.com/jim618/multibit/wiki/Export%20and%20limited%20import%20of%20private%20keysYou don't even need MultiBit to decrypt them. In terms of code audits probably the best indicator is the number of forks of the code base. There are now 14 forks. This means 14 people have taken the repository and have a copy of the source code on their machine. Of course it is up to them to comment on code quality. The licence on MultiBit is the MIT licence which is basically 'Do what you like with this code. No warranty expressed or implied'. This won't change as I am happy for other people to use the code as they want and for legal liability reasons. Re: testing. The testing in MultiBit is at various levels: + there are unit tests for low level functionality + there are a few functional tests which set up a 'MultiBit runtime' and then actually connect to the Bitcoin network and test something. + each release I 'put my test hat on' and run through the basic functionality to regression test it. The results of this testing are the release checklists that I then scan and post on the website. You can see them at the https://multibit.org/releases.html. Often I spot something that isn't quite right but is acceptable so I fix it later - you have to be pragmatic. Probably the best path is for you to try MultiBit out with small amounts of bitcoin. Get familiar with the private key export so that you will always have access to your private keys. Judge for yourself. And backing up my private keys ensures me that I'll never lose any money? Is that what you are saying? I'm ok with doing that, as I use the original bitcoin.org wallet but I'm just not happy with the interface. I also use Electrum, and while that is very nice with the blockchain always updated the interface and transaction history is pretty bad. This is why I wanted to try another bitcoin local wallet. Since the wallet from bitcoin.com is not experimental or in beta really that's why most probably use it. Of course a lot of people use the online wallets. I'll try it out maybe with a few coin and see how I like it. Thanks for responding. |
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You will need to also be verified, have an account for 30 days, etc at Dwolla. You pick the "funding options", add funds, "Dwolla" in the drop-down menu, and then you will get text like: You can send funds to:
Account number: 812-649-1010 (click here to send funds directly)
Account name: Mutum Sigillum LLC
You must include the following message: XXXXXXXX
NOTE: Your deposit may be delayed to up to 24 hours after your Dwolla transaction clears until Dwolla allows us to make this automated and due to more stringent AML requirements, all deposits are subject to a verification process.
There is a US$0.25 fee that you can either choose to pay yourself when sending funds, or we will deduct it from the received amount here. You follow those instructions: log into Dwolla, and send funds to MtGox's Dwolla account number with a message including your code. I am verified on Dwolla. I've already sold some coins and sent some money through them. It appears to be on the Mt. Gox side. I guess they are having problems? I do have a support request sent out to them. |
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I submitted my drivers license to Mt. Gox per them saying I needed to be verified or whatever so I can add funds via Dwolla. It use to say my license has been submitted in a little message box after I log in. Now when I log in there is nothing there and when I click on funding options and then click down and select Dwolla it just gives me a bunch of text, and nothing really to do. What is the process on funding my MT.Gox account via Dwolla? For the life of me I don't see it anywhere within the site.
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I won't trust my hard earned money with experiments or unproven software. Has this client been elevated to proper testing and verification and out of experimental stages yet?
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Very first time using client. Balance is zero right now.
I made a deposit to my electrum address of 1.5 btc. That went fine. Then I made a payment with my electrum client of 1.0 BTC. That went fine too but now the electrum indicates my balance is 2.0? What's going on here? Very hard to figure out what the real/true balance is here. The history also doesn't even show the last transaction. To get the last transaction to show up, I had to do another transaction. Are these bugs within the program? I do like concept of Electrum, but the information displayed to the user is either wrong or just deceiving? Anyone help?
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I'm the original poster, and went back to see old threads. This post started in September 2012 and here we are, end of January 2013 and those good ol' ASIC's aren't even tangible yet. It does still amaze me how long people will wait while someone has their money. Seriously, everyone think the ASIC's will even come out before March 2013? And if you are solely responding to the information you get from BFL, well then, that doesn't say much right now.
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They want me to buy 10 bitcoin, wait 30 days with my money in their account?? What are they nuts? What kind of people would use a service like that? I don't think there's a requirement that you keep the money in your coinbase wallet during the 30 days. I'm pretty sure you can spend it. I certainly haven't read that anywhere. I think the requirement is just that 30 days after your first transaction, you are considered verified, and you can now go up to a limit of 100 BTC. If you posted on their forum calling them nuts, I can see why they removed your post. Calling them nuts? Who said that? I asked about their limits and why there were limits. The least they could have done was respond in kind with some kind of answer. Anything. Apparently if the question/answer is not in their favor, on to the next one. Just because they don't like the question shouldn't give them the excuse to not answer it. Everyone tells me to read, but read what? The only thing I see about limits is on their page and it says, "Are there any limits in place? Yes, the maximum you can buy or sell right now is $100 USD per user, per day. This is a low limit just so we can keep an eye on things as we ramp up, and make sure we have all the right systems in place to prevent abuse. We’ll raise this limit over the coming months." If you think that encapsulates and answers all the questions people have, I really don't think so. They could have least elaborated a little on that since their whole presence there is based on buying/selling bitcoin. They spent the least amount of energy explaining the most important topic I think. Seriously, maybe I missed the memo or some other obscure hard finding document on their page. Since everyone here is well versed and very informative about how coinbase works, please send me the URL that explains all of this I'd love to read it. I'm always the negative type of questioner. Most people on a forum are too intimidated or afraid to question things that will prompt a hostile response, but unfortunately sometimes that is the only way things get answered. If I tip toe around, trying to be politically correct all the time, trying not to offend everyone's sensitive personality nothing would come out of it. Also, if you get upset and respond to someone's post/question or opinion on something in a hostile manner, you may need a break and chill out a little or as my grandfather would say, get laid. |
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I am the original poster and pretty much lost all the funds that were in that blockchain wallet. I'm in my 40's and have worked my way up through the IT world and I'm very familiar with how things work and how important it is to have good, secure passwords. I have two factor authentication on all my banking sites and have "similar" passwords on all the sites with different variables. Lets just say the variables alone are more strong then most users regular passwords. It is very unlikely I lost or forgot my password. I've never done that in the 20+ years I've used passwords. Anyway, there wasn't much money in there to begin with, but it does make me wonder how it happened. Since then I've strictly used the old original bitcoin local wallet. Backup my wallet to several places, encrypt it the wallet itself, again and I've been safe ever since. Oh well, what can you do.
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IMPORTANT NOTE: 01/25/2013 is the last day we will accept bank wires sent to our Bank Of America account. All bank wires sent after 01/25/2013 should be direct to our PNC account. Wires sent to Bank Of America after 01/25/2013 will be declined by the bank and returned at sender's cost. If you are an existing customer and need updated bank wire funding instructions please send a request to info@tangiblecryptography.com (including GPG KEYID). So has bitcoinsdirect been indefinitely delayed? |
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They also completely moderate their support forum they have on their website. I posted a question regarding the limits and it was removed. Not even a response. They want me to buy 10 bitcoin, wait 30 days with my money in their account?? What are they nuts? What kind of people would use a service like that? They're basically sucking in people's money, using it themselves for 30 days. I suggest, STAY AWAY from a place like that. I'll just use Tangible Crypto to get my coins. I've tried to deal with many other ways to buy bitcoins and you can even compare any of them to Tangible. They are just too good. |
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I was all excited to get my bank verified with coinbase and then I would be able to buy some bitcoin. Then once my bank was verified there is a 10 bitcoin purchase per day! Man, why all these limits? Isn't that what the bank verification is for and then adding my phone for two factor authentication. I was real happy to find out I can just buy bitcoin with my bank account there.
Is there any other place out there like coinbase where I can add my bank account and buy bitcoins like that?
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PM sent. Thanks for looking into it. All pretty new to me. Not sure why it didn't work to begin with.
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When a sales order expires and the transfer doesn't go through for some reason, does it automatically go back to the address where it came from? I did enter a refund address, does it go to that one?
Right now I have an expired sales order that I guess didn't go through. Where does that coin go to? And how long does it take to get to where it's going? Very first time using this service.
Thanks.
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The longer it takes for them to ship the chips he better it is for the early adopters.
Looking like 6-12 weeks unless some one has more recent info.
Gonna be pretty sweet month and a half for some.
Read how all excited we were thinking they would come. |
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So what would everyone suggest in which place to use? I just signed up with Bitme.com, never used them before. Apparently the quickest way to buy them is making a cash deposit, which I'm ok with...but I'm just looking for the quickest, most efficient way that's all. If you have past experience with using exchanges or other trading places please post them here please? I appreciate it!
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