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Author Topic: Bridging Credit to BTC  (Read 656 times)
nedbert9
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April 09, 2012, 12:51:22 PM
 #1


Aside from the potential folly of doing so, I have a need to leverage line of credit to obtain BTC.  Yes, a large amount of BTC.

So, the standard Paypal merchant/goods/services transaction is a no go due to scamming, chargebacks and frozen accounts.  Understood.

I've seen a couple of ideas batted around here on using Paypal and a gift transaction to avoid the chargeback situation.  Of course, this has it's risks.


Any other ideas out there?

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Stephen Gornick
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April 09, 2012, 06:49:04 PM
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Yes, a large amount of BTC.

Bank wire to an exchange then is the fastest and cheapest (for large amounts) method.
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April 09, 2012, 07:26:37 PM
 #3

western union
 

If you don't own the private keys, you don't own the coins.
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April 09, 2012, 09:02:27 PM
 #4

bank wire is widely accepted and i think has the lowest fees, but be sure you use a trusted exchanger, because like western union, moneygram, and some others it can be cashed out quickly, and you will not be able to get your money back.

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April 09, 2012, 10:35:28 PM
 #5

Bank wire to cryptoxchange probably cheapest method depending what fees your bank charge.
Or Gox
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