OKPay

[GarrusV]

Has anyone used OKPay before? Getting verified by them seems like a lengthy process. What I'm interested in knowing is how trustworthy they are as a service and if they are better for transferring money to an exchange than say do a direct bank transfer.

[jaywaka2713]

Are you using OKPay for their Debit Card option? I wouldn't recommend it. Nice hefty fees. Wait for bitinstant debit card.

Other than that, I haven't heard of too many people using OKPay related to Bitcoin. What is your motive behind using them? If you are a merchant, I recommend BitPay.

[theskillzdatklls]

i used this, just huge fees.  bankwiring etc was about 70$ total, then 2% fees to deposit on top of that.

[jaywaka2713]

I just don't understand why he even wants to use it. It's fee city.

[GarrusV]

Thanks for the advice. I was just wondering on what the most cost effective way of converting money to BTC is without leaving your computer, since in the UK I am unsure (please correct me here) that it is possible to deposit cash in a physical location and convert it to BTC direct.

[morinaga]

I like the concept of okpay and yes its easy to use u just need to get verified.

[GarrusV]

Which can be difficult at times because they ask for proof of residency and don't accept black and white when that's the only proof I have access to.

[jomay]

Which can be difficult at times because they ask for proof of residency and don't accept black and white when that's the only proof I have access to.

okpay is rubbish at that. My proof of address had a small color logo on the top right and was black and white otherwise. okpay would reject it automatically... their color-detection algo is broken imho.

However, I loaded the pic in IrfanView, added a bit of color tint (red or blue? can't remember) in the color settings. It went through their automatic check and was soon after accepted.

[jaywaka2713]

Thanks for the advice. I was just wondering on what the most cost effective way of converting money to BTC is without leaving your computer, since in the UK I am unsure (please correct me here) that it is possible to deposit cash in a physical location and convert it to BTC direct.

Ohhh so you're using the debit card they provide? That would be a good method. Just note the fees associated with the card.

[1badbullitt]

What kind of fees do they ask for, for Debit transactions?

[jaywaka2713]

What kind of fees do they ask for, for Debit transactions?

https://www.okpay.com/uk/services/debit-card/fees.html

[GarrusV]

No I'm not using the debit card. I was just wondering what was the most cost effective and simple route to getting money from my bank to a bitcoin wallet.

[jaywaka2713]

No I'm not using the debit card. I was just wondering what was the most cost effective and simple route to getting money from my bank to a bitcoin wallet.

BTC-e.com wire transfer.