Silk Road forums
Discussion => Newbie discussion => Topic started by: yossarian1042 on July 05, 2013, 01:02 am
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How is CampBx for purchasing and transferring BTC to SR??
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been using it for a couple of months now. its good if youre domestic (USA). theyre based out of atlanta, so if youre on the east coast or southeast, this could be a great option.
pros: if sending $1000 or less/day, no need to do a kyc.
money credited in 5-6 days after sending (2-3 days processing)
usually below mt.gox prices
cons: commission increases price slightly
if the coins are very volatile in price at that time, they may fill your order in smaller portions (had an $800 order split into about 10-12 smaller orders and done over 8 hours)
if you have any other questions, ask away.
peace, love, drugs
mixmasterrick
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I almost used them and I heard good things about them but I used Virvox.com. I would strongly advised against using VirVox.com they make you wait 48 hours to transfer funds with new accounts which I think is lame with the high ass fees they charge.
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how does campbx work? how do you buy btc? you have to wait days?
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I think campbx you send a money order. I've heard they're slow though; I mean they would get the money order in 2 days but then take 4 days to give the coin. Maybe making sure the money order is legit; not sure.
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CampBX uses Dwolla, P2P bank Transfers from major banks, Personal Check and Money Orders. Dwolla transfers are instant, the rest I can't vouch for.
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I"ve used campbx for almost all of my 18 transactions....works well. Like a previous poster said, Dwolla & Campbx have something going on, similar to Spotify & Facebook. Link a dwolla account to your bank account and do a transfaer. It won't cost anything to add funds. It's take 4 days (if you're in the US). I tend to move money on sunday nites, after a party filled weekend, so my dwolla account is funded when I feel the need to indulge. Once in Campbx, when you choose to Fund from Dwolla (cost a quarter) it'll kick off a Dwolla Interface used to verify your identity. Fund will show up almost instantaneously. Once you have them, you can buy your bitcoins at the market price (which is what I do) as I'm not interested in trying to time my trades. Be sure only to buy bitcoins for exactly what you're eyeballing on SR. If you move $500.00 cash into Bitcoins but only want to buy $200.00 bucks worth of tomoatoes, you run the risk of your coins losing their value & purchasing power. Conversely you could find that your coins are worth dramatically more than you even began with? Too volatile for my liking.
good luck.
mojo