New to Bitcoins

[ketz4]

Hello bitcointalk,

I just recently heard about Bitcoins and I have become very interested in this. I read alot about bitcoins, what they are, how they are made, traded, etc. I still have some questions though. One of them bieng:

How would I be able to use the cash I have in my wallet to purchase bitcoins?

The processes I read about this were very vague and left me confused. I saw a post on here where someone said I would be able to put money on a bank account, wire it to Dwolla or Liberty Reserve, and then purchase bitcoins on MtGox. Would this method work?

[nmat]

How would I be able to use the cash I have in my wallet to purchase bitcoins?

The processes I read about this were very vague and left me confused. I saw a post on here where someone said I would be able to put money on a bank account, wire it to Dwolla or Liberty Reserve, and then purchase bitcoins on MtGox. Would this method work?

Yes. It takes a while, but it works and it is almost free. Alternatively, you can use bitinstant and make a cash deposit at several bank locations (you'll have to pay a fee though).

[ketz4]

Thank you!

Would you be able to give me a rough estimate on how long that would take?

[nmat]

Thank you!

Would you be able to give me a rough estimate on how long that would take?

Probably around 30 minutes, maybe less.

[ketz4]

oh alright. That doesnt seem too long.
Thanks agian though. Cant wait to get started.

[bytecoins]

You can also consider depositing the cash straight at a Chase bank and getting the account funded on Mtgox to buy some.