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Author Topic: If BitInstant is down, what is the best way to get Bitcoin in USA?  (Read 3028 times)
colinistheman
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August 18, 2013, 03:11:38 AM
 #1

I want to buy some bitcoin with US dollars. I used to use BitInstant but they are down. What should I use instead?
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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August 18, 2013, 03:19:14 AM
 #2

localbitcoins.com
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August 18, 2013, 05:09:20 AM
 #3

Coinbase.

                         
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tiptopgemdotcom
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August 18, 2013, 05:50:21 AM
 #4

Go to any place that sells Moneypak like Walmart, CVS, RiteAid, Kmart, 7-11, Walgreens.  Buy one.  Sell it to me for coins:

https://bitcointalk.org/index.php?topic=272698.0

We can negotiate a price.  Lately I think basing it on Bitstamp is fair.  Escrow is welcome.

PM with any questions.

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August 18, 2013, 06:52:10 AM
 #5

So those are the only options now huh, localbitcoins, Coinbase or trading with the gem dealer? Bitcoin seems to be spiraling down hill fast in the US since the San Jose conference.

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August 18, 2013, 07:58:37 AM
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So those are the only options now huh, localbitcoins, Coinbase or trading with the gem dealer? Bitcoin seems to be spiraling down hill fast in the US since the San Jose conference.

Yes the US gov't is obviously making it more and more difficult to get USD in and out of the exchanges through banks or whatever esle.
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August 18, 2013, 10:52:22 AM
 #7

Go to any place that sells Moneypak like Walmart, CVS, RiteAid, Kmart, 7-11, Walgreens.  Buy one.  Sell it to me for coins:

https://bitcointalk.org/index.php?topic=272698.0

We can negotiate a price.  Lately I think basing it on Bitstamp is fair.  Escrow is welcome.

PM with any questions.
This.

colinistheman
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August 18, 2013, 12:43:18 PM
 #8

Coinbase.
Coinbase looks good and I was just about to do it, but then they required me to give my bank account information which I don't really want to have tied to me in case the government wants to start cracking down on people who have purchased bitcoin in the past. As I understand it, subpoenas can be used to get information out of companies and I sure wouldn't want a company that I trusted to be forced to cough over my information.

Are there any services that allow a western union or money pak type of transfer? Like bitinstant used to do?
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August 18, 2013, 12:58:35 PM
 #9

I am sorry you are not in Denmark, otherwise I could most likely help you out. And since you won't give bank account information then BIPS is not for you either.

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August 18, 2013, 01:56:40 PM
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I am sorry you are not in Denmark, otherwise I could most likely help you out. And since you won't give bank account information then BIPS is not for you either.
Yeah it's unfortunate. I would do it. Thanks though
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August 18, 2013, 02:25:49 PM
 #11

Join localbitcoins.com and buy bitcoins with cash deposit to your local bank.

For Bank of America, Wells Fargo, Citibank, or Regions Bank: https://localbitcoins.com/ad/15776/?ch=4ja

Immediate. Reliable. Anonymous.

My profile and feedback: https://localbitcoins.com/accounts/profile/coqui33/?ch=4ja

Detailed instructions: http://backintyme.com/depos.php

FAQs: http://backintyme.com/deposfaq.php

Armed Citizens and the Law -- NRA-certified firearms instructor
colinistheman
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August 18, 2013, 03:16:12 PM
 #12

Join localbitcoins.com and buy bitcoins with cash deposit to your local bank.

For Bank of America, Wells Fargo, Citibank, or Regions Bank: https://localbitcoins.com/ad/15776/?ch=4ja

Immediate. Reliable. Anonymous.

My profile and feedback: https://localbitcoins.com/accounts/profile/coqui33/?ch=4ja

Detailed instructions: http://backintyme.com/depos.php

FAQs: http://backintyme.com/deposfaq.php
Hm yeah except price is higher than I could get them for
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August 18, 2013, 05:36:00 PM
 #13

If you are near a big city, Satoshi Square.
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August 18, 2013, 05:44:57 PM
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I am sorry you are not in Denmark, otherwise I could most likely help you out. And since you won't give bank account information then BIPS is not for you either.


I'm digging the Bitcoin soundtrack to your vid Kris Smiley Who's the artist?
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August 18, 2013, 05:46:45 PM
 #15

Coinbase.
I'd second this if you have four days to wait as a new customer.

Hitler Finds out about the Butterfly Labs Monarch http://www.youtube.com/watch?v=4jYNMKdv36w
Get $10 worth of BTC Free when you buy $100 worth at coinbase.com/?r=51dffa8970f85a53bd000034
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August 18, 2013, 05:48:38 PM
 #16

Join localbitcoins.com and buy bitcoins with cash deposit to your local bank.

For Bank of America, Wells Fargo, Citibank, or Regions Bank: https://localbitcoins.com/ad/15776/?ch=4ja

Immediate. Reliable. Anonymous.

My profile and feedback: https://localbitcoins.com/accounts/profile/coqui33/?ch=4ja

Detailed instructions: http://backintyme.com/depos.php

FAQs: http://backintyme.com/deposfaq.php
Hm yeah except price is higher than I could get them for
If you want bitcoins immediately, use LocalBitcoins.

If you want bitcoins for the lowest possible price, use Dwolla to transfer dollars to CampBX and buy them there.
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August 18, 2013, 07:06:16 PM
 #17

I have been using CampBX, mainly because I had money in my Dwolla account before MtGox stopped taking it.

They seem to be the lowest price per BTC but they also have a very low volume so if you make a huge purchase it would not be the lowest price anymore.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
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August 19, 2013, 07:29:39 AM
 #18

I've started using bitcoin-brokers in seller mode.  I know I authorized several sales, and have no reason to believe that the BTC were not released.  Usually the same day a fiat deposit is made unless I have reason to wait for the deposit to go out of 'pending' mode in which case it would be early the next business day.

I thought about localbitcoins, but something was wonky with their certs (on my browser and machine), I live in a rural part of the country where there is not much interest, and for the hassle, I want to be doing volumes that are atypical on the high side.

I cannot vouch for Bitcoin Brokers, but will say that they seems responsive, active, and competent so far and things are working well for me.  Over half of the BTC I had up for sale has been converted into fiat in my bank account, and so far I have not been ripped off...or arrested...but it's been less than a week.

I also looked around to make sure that there was nothing illegal about depositing cash into someone else's bank account and it does not appear to be so.  Nor is Bitcoin in and of itself illegal, and in fact it's been pretty good to a lot of people who speculated in it over the years, and I take some amount of pride in having done so.  It's anyone's guess about how much longer a channel such as this will remain open.  I'm damn sure going to pay my taxes, and do keep accurate records for this purpose since I suspect that tax evasion would be the attack mode against people who are not doing money laundering or other illegal activities.

The main thread for the broker thingy is on 'services' as I recall.  It gets several conversations per day so it should be on the first page.  My main complaint at this point is that the operator(s) have not responded to my queries about escrowing their identity with a reliable agent such as John K. who seems pretty thorough about this sort of thing.  This failure imposes a limit on how much value I would be willing to risk with them at one time.

Oh ya...unfortunately for the buyer, I (and I think most other sellers) ask based on Mt. Gox prices plus or minus some percentage.  Buyers would likely prefer just about any other exchange be used as a basis at this point I would expect.  But it is possible to convert cash to Bitcoin in a pretty short span of time, especially if everyone happens to be checking their mail at the right time and there is no indication of fraud.


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August 19, 2013, 06:05:59 PM
 #19

CampBX if you can wait and the volume works for you. Localbitcoins if you need them pronto or a Satoshi Square if there is one in your area.
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August 19, 2013, 06:30:29 PM
 #20

CampBX if you can wait and the volume works for you. Localbitcoins if you need them pronto or a Satoshi Square if there is one in your area.
Thanks.

I was going to try Coinbase. But I would consider Campbx.

What is your opinion of Coinbase vs Campbx?

my volume will be about 20 btc
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