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Author Topic: How to get money from Dwolla into mtgox without verified account  (Read 813 times)
BTCisthefuture (OP)
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April 11, 2013, 02:11:47 PM
 #1

So as of like yesterday you could go use bank to dwolla > dwolla to bitinstant > to mtgox.   Today it looks like bitinstant no longer has an option to use dwolla (not sure why, no announcement made or anything that I know of).

I was wondering if anyone else know of another way to get my money into mtgox via dwolla without having to wait for mtgox to verify my account.  It's really annoying that I just waited a few days to get this money into dwolla and now im stuck back at square one.


....fyi , although I'm American I don't currently live there so I don't have the option of walking into a bank or store so please don't give me these suggestions.

Hourly bitcoin faucet with a gambling twist !  http://freebitco.in/?r=106463
BTCisthefuture (OP)
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April 11, 2013, 06:35:08 PM
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re-upping . really trying hard to find an exchange that will except a deposit from dwolla.  It's really a pain right now that I have fiat and I'm willing to buy BTC but I simply can't.  One of the growing pains of BTC I suppose.  A buyer wants to buy BTC but simply can't due to limited options.  BTC needs to improve on this if it's ever going to get mainstream.

Hourly bitcoin faucet with a gambling twist !  http://freebitco.in/?r=106463
Crenel84
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April 11, 2013, 11:16:37 PM
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Check this out: http://www.americanbanker.com/issues/177_97/bitcoin-banks-fixed-exchange-dwolla-1049461-1.html?zkPrintable=true

In particular:

Quote
...Dwolla prohibits customers from engaging in any business regulated by Financial Crimes Enforcement Network, including money-services businesses. Dwolla also requires its customers to get prior written consent before using it in association with any online credit and virtual currency systems.

That's created something of a headache for Bitcoin middlemen such as BitInstant, which funds the Bitcoin exchanges by providing a float to customers from its own bank accounts, or through providers like Dwolla.

BitInstant has accounts with Bank of America (BAC), Citgroup (NYSE:C), JPMorgan (JPM) and Wells Fargo (WFC). Customers can deposit money, which BitInstant in turn places into the exchanges to buy or sell Bitcoin.

"We've reduced our reliance on Dwolla," says Charlie Shrem, the chief executive of BitInstant, of New York.
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