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Author Topic: What is the absolute fastest way of turning cash into BTCs?  (Read 1657 times)
CryptikEnigma
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April 23, 2011, 03:23:20 PM
 #1

I was thinking get a greendot moneypak at like a Wal-Mart or something https://www.moneypak.com/

Then find someone on the forums and do a transaction with clearcoin. Any other fast ways?
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goatpig
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April 23, 2011, 03:59:40 PM
 #2

CoinPal is supposed to be pretty fast.

CryptikEnigma
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April 23, 2011, 04:02:22 PM
 #3

CoinPal is supposed to be pretty fast.

I mean cash. Cold hard cash. Federal Reserve Notes. Paypal money isn't cash.
Matt Corallo
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April 23, 2011, 04:03:27 PM
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BTC -> Coincard -> Paypal -> Your Bank -> Cash

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CryptikEnigma
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April 23, 2011, 04:06:11 PM
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BTC -> Coincard -> Paypal -> Your Bank -> Cash

Nah, I want to turn the cash, into bitcoins. Not the other way around.
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April 23, 2011, 04:12:57 PM
 #6

You need to state where you are and find someone in the area for an in-person transaction.
tradebitcoin.com maybe can help-

Or send someone a westernunion transfer costing $10 in fees probably and get BTC in return-

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April 23, 2011, 04:14:04 PM
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Nah, I want to turn the cash, into bitcoins. Not the other way around.
Sorry, I cant read.  In that case probably Your Bank -> Paypal -> Coinpal -> BTC

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BitterTea
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April 23, 2011, 04:16:12 PM
 #8

I was thinking get a greendot moneypak at like a Wal-Mart or something https://www.moneypak.com/

Then find someone on the forums and do a transaction with clearcoin. Any other fast ways?

MoneyPaks are good, easy, and fairly fraud resistant. I've probably bought $1500 worth of them so far. Their only downside is that in order to deposit more than $200 or something into Paypal, the receiver must give them a bunch of information. There are a few traders on #Bitcoin-OTC who have jumped through those hoops and accept MoneyPaks though.
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April 23, 2011, 04:18:18 PM
 #9

What about the cheapest way to do it?
Is it mtgox?
I'm in spain, so I prefer to do it through paypal instead of internacional transfers.

2 different forms of free-money: Freicoin (free of basic interest because it's perishable), Mutual credit (no interest because it's abundant)
yomi
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April 23, 2011, 05:02:19 PM
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What about the cheapest way to do it?
Is it mtgox?
I'm in spain, so I prefer to do it through paypal instead of internacional transfers.

In Spain you can use http://bitcoin.com.es/ via bank transfer. Probably the fastest way and cheap if your bank allows transfer with no commision.

See http://bitcointalk.org/index.php?topic=6061.0

17qXiw646kuukEwjArHNKCNPUh3HnXfgbw
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April 23, 2011, 05:51:38 PM
 #11

a 2% fee plus the banks fee.

In paypal to mtgox (LR USD) the price is:

"I’m currently charging 7% (includes paypal’s commission) with a $1 minimum commission for transferring money into Mt. Gox."

But now (i haven't see it before) you can add funds to mtgox directly:

"If you have a European bank account you can send a SEPA direct deposit IN EURO to our european account, free of charges"

Anyway, Thank you for the info.

2 different forms of free-money: Freicoin (free of basic interest because it's perishable), Mutual credit (no interest because it's abundant)
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April 23, 2011, 07:12:41 PM
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Seems like this issue is begging for some entrepreneur to do something about it.

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April 23, 2011, 08:39:21 PM
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http://bitcointalk.org/index.php?topic=5307.0
CryptikEnigma
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April 23, 2011, 08:42:43 PM
 #14


I'm aware that services like this exist like Bitcoin2Cash and Bitcoin4cash. But Bitcoin4cash takes an UNGODLY amount of time(Canada needs to step up their mail service something two-three weeks to receive a letter is completely outrageous), is Bitcoin2Cash US based(therefore it should only take 3-4 days for US to US cash mail transfer)?
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