Bitcoins Direct Support Thread

[TangibleCryptography]

UPDATE:

All terms for wire purchases have been amended to include this provision

In the event funds are sent prior to the contracted date or notification of a wire isn't provided we will use the 24hr VWAP price @ 23:59:59 UTC on the date specified in the PO.

The purpose is to prevent an ambiguous situation in the event the client doesn't notify us of a wire transfer (per PO terms) or wires funds earlier than the specified date on the PO.  In those situations the funding rate will be the 24hr VWAP (MtGox) at 23:59:59 on the funding date.

To be clear this only applies if funds are sent early OR we don't receive wire notification.  If you send a wire "normally" (on funding date and provide notification) our normal policies apply.  Any PO with custom term (multi-day transactions) supersede this condition.

[1713281410]

1713281410

[TangibleCryptography]

IMPORTANT NOTE:


01/25/2013 is the last day we will accept bank wires sent to our Bank Of America account.  All bank wires sent after 01/25/2013 should be direct to our PNC account.  Wires sent to Bank Of America after 01/25/2013 will be declined by the bank and returned at sender's cost.   If you are an existing customer and need updated bank wire funding instructions please send a request to info@tangiblecryptography.com (including GPG KEYID).

[opentoe]

IMPORTANT NOTE:


01/25/2013 is the last day we will accept bank wires sent to our Bank Of America account.  All bank wires sent after 01/25/2013 should be direct to our PNC account.  Wires sent to Bank Of America after 01/25/2013 will be declined by the bank and returned at sender's cost.   If you are an existing customer and need updated bank wire funding instructions please send a request to info@tangiblecryptography.com (including GPG KEYID).

So has bitcoinsdirect been indefinitely delayed?

[TangibleCryptography]

We don't have an ETA on the launch of the site.  Demand by our roughly 200 existing clients meets our current "coinflow" so it is a lower priority.  Our goal is to expand, simplify, and advertise the FC4B site.  As we acquire more coins to the point our existing clients can't cover that supply launching the Bitcoins Direct website becomes a higher priority.

[TangibleCryptography]

We have acquired a record number of Bitcoins in the prior week so we are having a Bitcoin sales and opening access to new clients.  While supplies last.

Bitcoins Direct - Private off exchange sales

Current Rate:
    Purchases by Bank Wire - 0% over spot at the time of wire notification
    Purchases by Cash Deposit - 1% over spot at the time of wire notification

Existing clients (who have completed a transactions in the past and have funding instructions):
Existing clients that have funding instructions can continue to submit GPG signed purchase orders in the format specified in funding instructions.  

New clients: [OPEN]
We are temporarily accepting new clients.  You need to have PGP installed and already understand how to encrypt, sign, decrypt, and verify messages.  Send a test message with your preferred method of deposit (bank wire, or cash deposit) encrypted with our company key (C26C17CD) to info@tangiblecryptography.com

More info on Tangible Cryptography's PGP key:
https://fastcash4bitcoins.com/about.aspx

Staff
Tangible Cryptography LLC

[DeathAndTaxes]

With the spike we obviously have a lot of coins coming in.   Offer likely will be open for another day but don't wait too long.

[zebedee]

We have acquired a record number of Bitcoins in the prior week so we are having a Bitcoin sales and opening access to new clients.  While supplies last.

What, existing customers are stuffed full of bitcoins for once?    Say it ain't so....

[TangibleCryptography]

We have acquired a record number of Bitcoins in the prior week so we are having a Bitcoin sales and opening access to new clients.  While supplies last.

What, existing customers are stuffed full of bitcoins for once?    Say it ain't so....

I guess so.  Or it is more like draining a tub while the faucet is still on.  Some large buys have come in but still got a decent supply.  The offer will probably close today though.

[TangibleCryptography]

The special offer is closed but we are still accepting new clients.

[TangibleCryptography]

Bitcoins Direct - Private off exchange sales

Fees:
0.99% of deposited amount for deposits made by Bank Wire
1.29% of deposited amount for deposits made by Cash Deposit

Minimum Deposit: $500
Maximum Deposit:  $3000 by Cash Deposit, $6,000 by Bank Wire.*

Terms:
Orders priced at "spot" (MtGox last price on USD market only) at the time of deposit (time of wire notification for wires).  Alternatively 24hr VWAP can be used but it must be requested at time of Purchase Order.  Deposits over $25,000 will be paid out in installments over multiple days using 24hr VWAP for each day's payment.  Contact us for details on VWAP pricing or multi-day orders. 

* Bank Wire limits can be raised up to $250,000 based on trading history.  Cash Deposit limits can not be raised.  Deposits



Existing clients (who have completed a transactions in the past and have funding instructions):
Existing clients that have funding instructions can continue to submit GPG signed purchase orders in the format specified in funding instructions.  Note: we have not accepted deposits at Bank Of America since 1/25.  If your funding instructions state Bank Of America please requested updated instructions.

New clients: [OPEN]
We are temporarily accepting new clients.  You need to have PGP installed and already understand how to encrypt, sign, decrypt, and verify messages.  Send a test message with your preferred method of deposit (bank wire, or cash deposit) encrypted with our company key (C26C17CD) to info@tangiblecryptography.com.  Include a ASCII export copy of your public key (don't send us your private key).

More info on Tangible Cryptography's PGP key:
https://fastcash4bitcoins.com/about.aspx

Staff
Tangible Cryptography LLC

[atomium]

Bitcoins Direct - Private off exchange sales

Fees:
0.99% of deposited amount for deposits made by Bank Wire
1.29% of deposited amount for deposits made by Cash Deposit

Minimum Deposit: $500
Maximum Deposit:  $3000 by Cash Deposit, $6,000 by Bank Wire.*

Terms:
Orders priced at "spot" (MtGox last price on USD market only) at the time of deposit (time of wire notification for wires).  Alternatively 24hr VWAP can be used but it must be requested at time of Purchase Order.  Deposits over $25,000 will be paid out in installments over multiple days using 24hr VWAP for each day's payment.  Contact us for details on VWAP pricing or multi-day orders.  

* Bank Wire limits can be raised up to $250,000 based on trading history.  Cash Deposit limits can not be raised.  Deposits



Existing clients (who have completed a transactions in the past and have funding instructions):
Existing clients that have funding instructions can continue to submit GPG signed purchase orders in the format specified in funding instructions.  Note: we have not accepted deposits at Bank Of America since 1/25.  If your funding instructions state Bank Of America please requested updated instructions.

New clients: [OPEN]
We are temporarily accepting new clients.  You need to have PGP installed and already understand how to encrypt, sign, decrypt, and verify messages.  Send a test message with your preferred method of deposit (bank wire, or cash deposit) encrypted with our company key (C26C17CD) to info@tangiblecryptography.com.  Include a ASCII export copy of your public key (don't send us your private key).

More info on Tangible Cryptography's PGP key:
https://fastcash4bitcoins.com/about.aspx

Staff
Tangible Cryptography LLC

How come cash deposits have higher fees than a bank wire? Isn't a cash deposit better?

How come the limit for cash deposits is $3000?

Sorry if you have answered this before, I haven't seen a response.

[TangibleCryptography]

Cash deposit is limited for security reasons at the request of our banking partners.  Cash is almost never better for a business.  The idea that cash is free is simply a myth because the trust cost is hidden from the consumer.  We (like every business with large cash volume) pay a cash handling fee on every dollar of every deposit.

[opentoe]

Cash deposit is limited for security reasons at the request of our banking partners.  Cash is almost never better for a business.  The idea that cash is free is simply a myth because the trust cost is hidden from the consumer.  We (like every business with large cash volume) pay a cash handling fee on every dollar of every deposit.

Maybe one day we'll get away from the dollar %100 and not have to worry about these fees. Going bitcoin %100 is where it's at. The worst thing I want to see ever happen is Paypal starting to accept bitcoin and then take over the bitcoin escrow market. OUCH. There is nothing free about a free capitalist country.

[atomium]

Cash deposit is limited for security reasons at the request of our banking partners.  Cash is almost never better for a business.  The idea that cash is free is simply a myth because the trust cost is hidden from the consumer.  We (like every business with large cash volume) pay a cash handling fee on every dollar of every deposit.

Thanks for the reply, do you guys take Bank transfer from BOA account to BOA account? Will the fees be less?

[DeathAndTaxes]

Cash deposit is limited for security reasons at the request of our banking partners.  Cash is almost never better for a business.  The idea that cash is free is simply a myth because the trust cost is hidden from the consumer.  We (like every business with large cash volume) pay a cash handling fee on every dollar of every deposit.

Thanks for the reply, do you guys take Bank transfer from BOA account to BOA account? Will the fees be less?

No.  This seems to come up a lot when we open to new members. 

Accepted funding options:
Bank Wire
Cash Deposit

No other options are accepted.  We no longer use Bank Of America for any services.

[zebedee]

Thanks for the reply, do you guys take Bank transfer from BOA account to BOA account? Will the fees be less?

No.  This seems to come up a lot when we open to new members. 

Accepted funding options:
Bank Wire
Cash Deposit

No other options are accepted.  We no longer use Bank Of America for any services.

Are "bank wire" and "bank transfer" not synonymous in the US?  I never knew.

[TheButterZone]

Thanks for the reply, do you guys take Bank transfer from BOA account to BOA account? Will the fees be less?

No.  This seems to come up a lot when we open to new members. 

Accepted funding options:
Bank Wire
Cash Deposit

No other options are accepted.  We no longer use Bank Of America for any services.

Are "bank wire" and "bank transfer" not synonymous in the US?  I never knew.

Bank wire: Fedwire or SWIFT
Bank transfer: ACH

[TangibleCryptography]

New clients: [CLOSED]
We are not accepting new clients at this time.  If you have sent introduction PGP email and I haven't responded you are still accepted I just have about 70 emails to get through this morning. 

[TangibleCryptography]

New clients: [CLOSED]
We are not accepting new clients at this time.  If you have sent introduction PGP email and I haven't responded you are still accepted I just have about 70 emails to get through this morning. 

Ok we should have responded to everyone by now. 

If you missed the new client window, it isn't personal but closed does mean closed.   We are a small startup with limited manpower and resources.

[DannyHamilton]

Just finished my first transaction, and I wanted to leave a comment saying I am grateful for how well you guys run this.

Transaction was seemless, smooth, easy, painless, and simple.  I got exactly what you promised exactly when and how you promised it.  I look forward to future transactions knowing that it is a pleasure doing business with Tangible Cryptography!