That's just for automatic funding, so you would send the wire as usual, and then just contact their support and they'd manually credit your account if it doesn't automatically fund. Keep in mind their bank will convert whatever funds you send in to USD, probably at a huge 3% bank rate. It may be cheaper to use XEtrade or Transferwise.com instead, and they probably have their own correspondent banks so no money taken off.
Oh I have already contacted their support and I gathered that they don't understand how international wire transfers work. The support rep kept insisting that I had to send the exact amount they specify as if I could magically alter how the SWIFT system works. I already have USD so there won't be any currency conversion charges. |
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Your bank should be able to ensure that the specified amount of money makes it to the destination. They should deduct the fees from your bank account balance, not from the transaction amount. Wire transfers are used to close on real estate deals, can you imagine how much of a pain it would be if you couldn't count on your bank to get the proper amount of funds to destination?
I am talking about SWIFT based international wire transfers not domestic US wire transfers or SEPA wire transfers within Europe. With SWIFT correspondent banks come into play and they can deduct their own fees at will. Swift uses BEN, SHA or OUR tell your bank you want to pay OUR charges and then no correspondent takes any. OUR is always a gigantic stupid fee I'd just send it regular SHA and hope they don't shave too much off. Thanks for posting a genuinely knowledgeable answer. I could use SHA except that bitfloor determines which bitfloor account to credit with an incoming wire transfer by referring to the amount of the wire transfer. So if the amount is different from the one that bitfloor requires your bitfloor account does not get credited. Other bitcoin exchanges rightly use the note/reference field to determine which account to credit. |
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Your bank should be able to ensure that the specified amount of money makes it to the destination. They should deduct the fees from your bank account balance, not from the transaction amount. Wire transfers are used to close on real estate deals, can you imagine how much of a pain it would be if you couldn't count on your bank to get the proper amount of funds to destination?
I am talking about SWIFT based international wire transfers not domestic US wire transfers or SEPA wire transfers within Europe. With SWIFT correspondent banks come into play and they can deduct their own fees at will. |
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So I signed up with bitfloor and looked into depositing some money with them via SWIFT wire transfer. Turns out that they rely on the amount of the deposit to determine which bitfloor account to credit. The problem with this is that with SWIFT transfers correspondent/intermediate banks can deduct an arbitrary amount without either the sender or receiver consenting to it. So there is no way to guarantee that the amount the sender sends will be the exact amount the recipient gets.
Other exchanges like bitcoin-24 rely on the note/reference field of the wire transfer to determine which account to credit. That is more reliable because it does not get changed.
What do you guys think?
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There are a few listed here: https://en.bitcoin.it/wiki/Buying_bitcoinsBut there is a risk buying bitcoins with Skrill. Skrill doesn't allow you to use it for buying BTC. So you risk getting your account blocked if you use skrill for currency exchange. |
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Electrum looks good. Thanks for the tip.
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Oh I long ago gave up trying to use the client. Not only was the download slow but too many interruptions could cause it to start from the very beginning (bootstrapped from 70k). Electricity supply isn't exactly the most reliable where I am so a few computer restarts a day are a given. I ended up signing up for an online wallet. Or even six hours.
I started a 0.8.1 bitcoind for the first time on a new Ubuntu install last night at about 8pm. The whole blockchain had been downloaded and indexed (and queriable) by 2am, when I next checked. I think the download speed was around 250 - 300 kbps when I looked. Is that kilo bits per second or kilo bytes per second? 250-300KB/s would be more than double the speed I have. My speeds are closer to 100KB/s (1Mb/s). |
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I have some WordPress plugins available for sale.
How to buy with bitcoins: All you have to do is contact me via PM here.
Some of the available plugins:
Ajax Whois WordPress plugin
A plugin that allows you to add a domain name look up form on your WordPress site. You can choose from over 4 dozen Top Level Domain names, fully customize the appearance of the form including colours and shadows, set a custom order link that will be shown when a domain name is available and more.
Comment Form Message
Add a message to the WordPress comment form on a sitewide or post/page basis. You can fully customize the message using a visual editor and even add one of a dozen included icons to it.
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Thanks for taking the time to explain it to me.
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Ok then fun game  I say 61.2 and my BTC address is: |
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What timezone are you talking about? What price? Mt gox avg, high, last  |
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I see. I remember reading on an online bitcoin wallet site that if you want to send money to a bitcoin address that has never been used before you have to provide the public key as well. I'll see if I can find a link to that statement. But in the meantime, have you ever heard of something like this?
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Thanks everybody for your help i did get everything set up and got it to work now i just need to find away to get some bitcoins any ideas?
Any donations would be awesome thanks 197owexZDrYuR58LrGnvnjcn2e4b3EZ44x
You can buy them for real money or sell something in exchange for bitcoins? There is a marketplace section on the forum where you can advertise goods and services for sale. |
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I understand that sometimes when receiving bit coins you have to communicate the public key to the sender as well as the address. If this is true then how does one learn the public key of a blockchain.info wallet address?
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there are places in the world that take a more lax view of financial concerns in their country, anyway Bitcoins can be printed and traded locally, google localbitcoin.
If there is demand for something then and it makes money for people / businesses / countries then it will survive- just look at the drug trade, bitcoin is better than drugs because it is more accessable and you won't turn into one of those before /after meth pictures :-D
First of all bitcoin is a currency and it is only in demand if it can be exchanged for goods and services. It can only be exchanged for goods if it can be converted into a fiat currency. That can only happen if governments allow it. So it is very different from the drug trade. The other thing is that you are wrong about countries allowing money laundering. No country in the world allows that. Every country takes its orders from the US and Europe. They can shut you out of the worldwide financial system and they've already to done that to Iran. Iran has a hell of time selling its oil now. And unlike bitcoin oil is indisputably valuable. So it can be done and has been done before. |
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Yes, they should address this problem, they say bitcoin is decentralized but the exchange value against other currencies isn't.  There are other exchange (technically more capable) they would absorb the business. The different exchanges have different exchange rates which are normally very close to mt gox, so if mt gox dissapeared 2moz then the other ones will take the business and everything will carry on. It's a shame that mt gox is idolised and used to quote the price of Btc when it dosnt have to be the case. Yeah but first Mt. Gox will be targeted and then the others one by one. All of the exchangers are dependent on the banking system which governments control. All that needs to be done is for the governments to freeze their bank accounts and they'll all collapse one by one. |
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Actually it could happen to any exchanger but Mt. Gox is a particularly attractive target. Mt. Gox boasts that 80% of BTC transactions take place there. So what happens if:
- Governments attack Mt. Gox - Mt. Gox is based in Japan and registered as an IT services company. Yet, its business is more financial services than IT services. I am sure the regulations in Japan for financial service providers/money service providers is a lot tougher than IT service providers. So the Japanese govt. has plenty of grounds to raid Mt. Gox. It could do that of its own volition or at the behest of the US or other governments. What will happen if Japanese police raid Mt. Gox?
- A DDoS on Mt. Gox servers by private individuals or state sponsored entities.
If Mt. Gox goes down BTC will surely crash 90% or so in value. What is there to prevent this sort of thing happening?
The point I am trying to make is that the gatekeepers of the fiat currency systems can take down BTC exchangers at any time they like. Without exchangers BTC is worthless!
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I already have about 8 connections to the bitcoin network. 1. I downloaded the torrent from the official bitcoin sourceforge repository. It is linked on this announcement page: https://bitcointalk.org/index.php?topic=145386.0http://sourceforge.net/projects/bitcoin/files/Bitcoin/blockchain/2. Yes just 1Mbps. 3. No my hardware is not bad. 3-4 years old Core2Duo based. The problem is not hardware or network connection. It is simply that I downloaded the official 4.5GB bootstrap.dat file and only ~ 70k of the 216k blocks in it were loaded. Why did that happen? It looks like a bug in the client doesn't it? |
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I am using bitclient QT version v0.8.0.0-g44d7f4c-beta on a 64bit linux distro. I downloaded bootstrap.dat using the official torrent from sourceforge. The problem is that even with bootstrap it is taking a long time to sync the block chain. When I go to help >debug window it says that current number of blocks is ~78000. But according to the announcement thread the bootstrap.dat file has ~216,000 blocks. So am right in suspecting that not all blocks were imported from the bootstrap.dat file? |
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