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Author Topic: How to exchange USD for LR (LibertyReserve)?  (Read 1489 times)
btc_artist
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November 18, 2011, 10:57:17 PM
 #1

A.k.a. The fun but long-winded game of trying to buy BTC with USD. Smiley

My main question is what is the best way to buy LR with USD?  Best can be defined as "with the lowest fees and in a reasonable amount of time".  What services do you use to buy LibertyReserve?

Thanks!

BTC: 1CDCLDBHbAzHyYUkk1wYHPYmrtDZNhk8zf
LTC: LMS7SqZJnqzxo76iDSEua33WCyYZdjaQoE
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Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin-Qt is the only known safe implementation of a full node. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and MultiBit are OK.)
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ovidiusoft
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November 19, 2011, 07:01:38 AM
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For values > 300 USD, bank wire seems to be the best way. For example, aurumxchange.com will offer you a 1:1 exchange for a 10 USD fee, plus whatever you're paying for the wire itself. For > 500 USD this seems the only acceptable way to do it. Depending where you're sending the wire from, it can take > 2 working days.

For lower values you can expect the fees to grow, personally I couldn't find a reasonable way to do it. Let me know if you do Smiley

However, if you really want BTC, there are exchanges who will take direct USD deposits in certain countries. Or you can use Dwolla, Paxum, OKPAY... They won't give you LR, but will allow you to get your USD to the exchange.
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November 19, 2011, 07:06:30 AM
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Thanks for the info.
For lower values you can expect the fees to grow, personally I couldn't find a reasonable way to do it. Let me know if you do Smiley
I'll be sure to do that.

BTC: 1CDCLDBHbAzHyYUkk1wYHPYmrtDZNhk8zf
LTC: LMS7SqZJnqzxo76iDSEua33WCyYZdjaQoE
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November 20, 2011, 09:00:09 AM
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Some more possible combinations here: http://magnetic-money.org/ . You can probably create a circuit of exchanges.
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