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Author Topic: howto for Dwolla => mtgox => GLBSE PPT  (Read 739 times)
trickle22
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July 17, 2012, 02:33:02 PM
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As a newbie, it's difficult to understand the entire process. Say I want to try a PPT, what are the steps to doing this?
I have the client downloaded and verified accounts on Dwolla and MtGox, but it's not clear to me how to proceed.
Is there a tutorial for this?
How does the weekly payout work?

Is there a summary of advantages/disadvantages of various pass-throughs?

thanks.
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mollison
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July 17, 2012, 04:22:26 PM
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Well, here is one way you can do it.

(1) Go to the Dwolla website and connect your bank account to Dwolla.

(2) Use Dwolla to withdraw money from the bank account and put it into the Dwolla account.

(3) Sign up with CampBX.

(4) Use CampBX website to withdraw money from Dwolla and into CampBX.

(5) Use CampBX to buy bitcoins with the money.

(6) Use CampBX to transfer money to a bitcoin address. You could even use the bitcoin address provided for deposits on GLBSE. Otherwise, generate an address in your client, and you will have to then send from the client to GLBSE.

(7) Now, once you have bitcoins with GLBSE, and can place an order to buy shares of any of those assets.

(Cool When a GLBSE asset issuer pays dividends on that asset, your dividends go directly into your GLBSE balance.

I suggest CampBX instead of MtGox because I know for a fact that you can move money from Dwolla into CampBX easily. I'm not sure if that's the case with MtGox or not, having not done it recently. Moving money from MtGox into Dwolla, on the other hand, is definitely something you don't want to try right now.

The specifics of when dividends are paid, etc. depends on the asset. Some of them have info on GLBSE, others have info on the forum, some both.
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July 21, 2012, 03:25:39 PM
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Note that Dwolla won't let you pay CampBX (or any bitcoin service) unless you have had a bank deposit at least 30 days past. So if you are starting for scratch, you would need to make the ACH deposit to Dwolla, then wait 30 more days before you can move into CampBX.
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July 21, 2012, 03:28:55 PM
 #4

Avoid the wait. 
Selling MT GOX USD CODE.  +1%
PM if you would like to purchase.
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