[ANNOUNCE] ExchB now lets you buy Bitcoins with cash today via 15,000 locations

[BitPay Business Solutions]

David,

It was good meeting you this weekend at the Conference.  There is a Chase branch 1 mile from my house.  I will make a cash deposit today and try your service!

Tony

[BitVapes]

I tried out this cash deposit service and it worked fine for me.  I get the feeling if bitcoin continues to grow the banks may shut this method down eventually, but for now its convenient.  The only thing that could be more convenient would be an ATM I could get bitcoins from immediately, and those are coming so the future is bright.

[BitPay Business Solutions]

this worked great.  By the time I got home from the bank, the dollars were in my account and I could start trading.  Great job ExchB!

[Trader Steve]

I have used this service with great satisfaction. BTW, I've gotten quick and excellent fills on my orders which is more than I can say for my experience with Trade Hill.

[geek-trader]

I've done this twice now, and both times is was fast and easy.

You make a "reservation" to deposit after you login to exhangebitcoins.com.  You choose the bank and enter the amount.  Then you get a page with instructions, which I printed out and brought to the bank with me.

I made my cash deposit at the bank, filling out the deposit slip as instructed on the printout I had.

I got a receipt from the teller.

I went to lunch.  I took a picture of the receipt with my phone, and emailed it to them as specified in the instructions.  I did this while I was waiting for my food.

By the time I got back to the office, I had an email stating my deposit was confirmed.  I logged in and there it was.  I placed a buy order.

The only complaint I have at all is the volume on exhangebitcoins.com is pretty low, so trades can take several hours to complete if you are not willing to match the lowest ask, which in my two experiences has been somewhat higher than the going rate at MtGox at the time.  For example, today I paid $6.1 / BTC when MtGox was at 5.94.

That said, it is THE fastest and easiest way to get bitcoins for cash, on a weekday in the USA at least.