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Author Topic: Buying at least 10 BTC. I'd like to use wells fargo customer transfer or paypal  (Read 505 times)
thefatcat
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August 10, 2011, 09:38:22 PM
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As the title says.  I'd like to purchase 10 BTC using wells fargo customer transfer, or paypal.  Thank you.
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thefatcat
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August 10, 2011, 09:58:08 PM
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Also, my paypal account has been verified for 5+ years.  A quick google search will show my account name is quite old.  I have used to for ebay for a long time. 

But the wells fargo customer transfer would be great if someone out there looking to sell BTC has wells fargo.  I'll pay $11 USD per BTC.
Smalleyster
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August 10, 2011, 10:01:28 PM
 #3

I wouldn't touch this with a 100' pole. Good Luck.

Feel like investing in a Miner?:
http://bitcointalk.org/index.php?topic=30044.msg377773#msg377773
A soup to nuts newbee system for a secure, portable USB wallet (free instructions):
NoobHowTo: http://bitcointalk.org/index.php?topic=27088.msg341387#msg341387
thefatcat
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August 10, 2011, 10:04:04 PM
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Smalley could you explain why?  I just recently learned about bitcoin and as a libertarian I find it fascinating.

Why would a wells fargo customer transfer seem shady?  its not like paypal where I can retract my purchase, unless I am wrong.

I'd be willing to do anything to prove I simply want to purchase 10 BTC to test the water.  I'll pay $11 a pop.

And again, if someone can explain why they think this is not reasonable I'd really appreciate it.
Smalleyster
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August 10, 2011, 10:06:36 PM
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Bank of America is messing with bitcoin transfers and they are virtually the same bunch of scammers as Wells Fargo.

Feel like investing in a Miner?:
http://bitcointalk.org/index.php?topic=30044.msg377773#msg377773
A soup to nuts newbee system for a secure, portable USB wallet (free instructions):
NoobHowTo: http://bitcointalk.org/index.php?topic=27088.msg341387#msg341387
thefatcat
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August 10, 2011, 10:08:39 PM
 #6

Well, that's another reason for me to hate wells fargo.

Is paypal considered safer?  How would wells fargo even know I sent money for bitcoin?  Isn't there some IRC channel I can simply say i'll pay you $11 for a BTC?
RandyFolds
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August 10, 2011, 10:15:37 PM
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Well, that's another reason for me to hate wells fargo.

Is paypal considered safer?  How would wells fargo even know I sent money for bitcoin?  Isn't there some IRC channel I can simply say i'll pay you $11 for a BTC?

There is a mass of paranoia in the community right now due to a bunch of high profile thefts.

Pretty much all non-cash transactions in the US are reversible, usually for a long time, like, 180 days long. Bitcoin, on the other hand, is instantaneous and non-reversible and non-traceable in a practical sense, so the buyer could conceivably receive the bitcoin, and then commit fraud by either a)claiming they never received the goods or b)claiming the transfer was made to the wrong party. Either way, seller is screwed and has no recourse. Imagine going to the police and rambling about hashes and crypto-currency and sha256 encryption. They'd be more likely to lock you up than take you seriously.

There are some local bitcoin exchanges, maybe google bitcoin otc?

e: You can do an intra-customer transfer for whatever reason you want...bitcoin isn't illegal yet, and what the money is moving for is no business of the bank. That isn't really the issue as suggested above.

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Bert
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August 10, 2011, 10:29:49 PM
 #8

Would a post saying the following be any better ?
I'll be in blah city from such and such a date to such and such a date. Anyone what to meet me in a public space near a bank machine (please don't try and mug me) I would like to exchange XXX-YYY Bitcoins for cash. Please PM me if you want this and can fulfil some or all of my request.

It kind of removes some anonymity, unless you are travelling.

Tip jar: 1BW6kXgUjGrFTqEpyP8LpVEPQDLTkbATZ6
RandyFolds
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August 10, 2011, 11:05:42 PM
 #9

https://en.bitcoin.it/wiki/Trade

That is a pretty inclusive list of merchants and exchanges, if you haven't come across it before.

There are some local exchanges. Maybe one is in your area? Also consider craigslist. I know it seems sketchy, but I doubt many smash-and-grab criminals have the background to bullshit this in the slightest.

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