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Author Topic: Dwolla -> BTC woes  (Read 1373 times)
temporal
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July 27, 2012, 06:22:13 PM
 #1

So I was looking to buy my first Bitcoins, which turned out to be a bit more of a monumental task that I expected!

I did some reading around and discovered the MTGox exchange, but I was hesitant to do any sort of direct bank transfers. They also use Dwolla as a payment service so I went ahead and started up an account there and put some money in.

My deposit clears fine but now Dwolla informs me that I have to wait 30 days before I can send it to MTGox! What a pain. I just want to turn this money into BTC.

Further investigation landed me on this forum. Is this the place to make that sort of trade? Will it even be possible with Dwolla's restrictions? What's your take on this?

Thanks!
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finkleshnorts
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July 27, 2012, 06:25:58 PM
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You can find people here willing to sell bitcoins or mt.gox usd codes for Dwolla. Or after 30 days, you can send to CampBX which has fast deposits and withdrawals (probably because it is an American company). A quick search of Dwolla wil yield several threads where Dwolla is being traded.

You can also check out bitcoin-otc, but it has a steeper learning curve.
temporal
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July 27, 2012, 06:29:58 PM
 #3

Thanks bob, yeah I discovered that thread a few minutes ago. Looks like exactly what I want, I will post there as soon as I am able.  Grin
finkleshnorts
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July 27, 2012, 06:31:02 PM
 #4

Great!

P.S. don't forget to lock this thread.
Frankie
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July 27, 2012, 06:33:39 PM
 #5

I will sell you MtGoxUSD for Dwolla at a 1% discount. $510 available. Pm me if interested.
temporal
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July 27, 2012, 07:35:43 PM
 #6

+1 Frankie

$300 USD Dwolla -> $303 USD MTGox
in $50 increments because I am paranoid  Roll Eyes

Easy and fast transaction, would do again.

Thanks  Grin
Frankie
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July 27, 2012, 07:35:58 PM
 #7

+1 Frankie

Easy and fast transaction, would do again.

Thanks =)

+1

Smooth $300 exchange for Mt.Gox codes in increments.  Welcome to bitcoin, temporal!
eevyx
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July 28, 2012, 12:30:34 AM
 #8

Yes I ran into the same issue.  It's so frustrating that they don't warn you of this ahead of time.  It took about four days just to get verified and get my 200 USD transferred in from my bank and then I find this mess that requires that I wait an additional 30 days just to purchase some bitcoins.  It sounds like this forum is a good place to make a transaction for some bitcoins with other users, but there's a newbie waiting period here too!  Such is life I suppose.
Frankie
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July 28, 2012, 02:05:58 AM
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Yes I ran into the same issue.  It's so frustrating that they don't warn you of this ahead of time.  It took about four days just to get verified and get my 200 USD transferred in from my bank and then I find this mess that requires that I wait an additional 30 days just to purchase some bitcoins.  It sounds like this forum is a good place to make a transaction for some bitcoins with other users, but there's a newbie waiting period here too!  Such is life I suppose.
I can trade another $200 Mt.GoxUSD codes for Dwolla. PM me if you are interested.
odolvlobo
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July 28, 2012, 06:57:40 AM
 #10

I have used Dwolla in the past successfully and the only problem was that it took a week to get money in and out. Recently they insisted that I send them a scan of my drivers license. I chose to close my account instead.

Buy bitcoins with cash from somebody near you: LocalBitcoins
Join an anti-signature campaign: DannyHamilton's ignore list
temporal
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August 12, 2012, 12:58:44 AM
 #11

Looking to do this again - $300 Dwolla to BTC at a reasonable discount.

Still not enough posts to post in the big boy forums, so I'm posting here until I do =)
predwebsys
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August 12, 2012, 01:19:18 AM
 #12

New poster here in the same boat, got 500$ dwolla and nothing to do with it for the next month. There really should be a warning or something about this somewhere on MtGox or Dwolla. Anyone interested in exchanging for MtGoxUSD? I'm so frustrated trying to get money into MtGox I'll even trade at a 1:1 rate.
temporal
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August 12, 2012, 12:38:26 PM
 #13

Bump for both of us, then!
jimboboh
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August 20, 2012, 10:50:27 PM
 #14

Hey guys, me too.  Got $100 dwolla bucks that I want to get an Mtgox code for.
SSSSwinner
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August 21, 2012, 04:02:04 AM
 #15

i traded with users on the dwolla <--> mtgox thread. they gave good service
temporal
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September 12, 2012, 03:05:10 PM
 #16

Looking to trade:
(my) $155 Dwolla -> (your) BTC/MTGox

PM or post here and we'll work it out =)

Posting here again since MTGox/BTC <--> Dwolla thread isn't yielding much. Maybe this will catch someone's eye!
lakeluke
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September 12, 2012, 03:33:00 PM
 #17

I have used bitcoin.de using a moneybookers account and found the process relatively simple;

the bigger headache is now concerning my wallet;

at present i am using an online "bitcoin bank" ;

it's a small amount, but that is definitely not the safest place; need to investigate either using Electrum or Armory in offline mode.
secure_data
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September 12, 2012, 03:39:23 PM
 #18

Bitcoin-24.com is good for EU
SSSSwinner
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March 04, 2013, 08:04:43 AM
 #19

Bitcoin-24.com is good for EU
romerun
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March 04, 2013, 09:25:48 AM
 #20

what's the reason for 30 days wait ? My dwollars transaction are just fine, only 4 days wait, 50cent per transaction, nothing can't beat this.
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