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Discussion => Security => Topic started by: MrSpacely on June 29, 2013, 06:17 am

Title: When buying bitcoin in Canada...
Post by: MrSpacely on June 29, 2013, 06:17 am
I have been trying to figure out how to buy as many BTC as i need (30-40 every 2/3 weeks). I got myself verified with CaVirtex but i cannot justify that amount seeing as my income just wouldn't cover that on top of living costs etc. Obviously, if i was depositing 5-10k/month but only making lets say, 2, that would flag me. But what if i had 7-8 verified accounts(these peoples incomes are all very small, 800-1000/month) and deposited 500-600/month on each account. Would it still get flagged even though it is such a small amount?

I realize LocalBitcoins is quite common now, but there is nobody in my area that isn't 15%+ above mt gox. I have heard people say that you can deposit cash into a bank to buy on LocalBitcoins but can't figure that out. any ideas?
Title: Re: When buying bitcoin in Canada...
Post by: Baraka on June 30, 2013, 01:55 am
Some people have had good success buying traveler's cheques anonymously. I use LBC and do face to face cash and carry. There's always someone who's willing to unload coins at or very close to market.
Title: Re: When buying bitcoin in Canada...
Post by: MrSpacely on June 30, 2013, 10:31 pm
Traveller's cheques? What would those do for me?

LBC seems to work very well for people but there is a total of 4 sellers in my city, and are selling up to 2 coins....i need about 25/week.

I wish there was a way to recirculate vendor's coins to the buyers. this would eliminate the task of safely getting money in/out.

Title: Re: When buying bitcoin in Canada...
Post by: Baraka on July 01, 2013, 05:16 am
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Traveller's cheques? What would those do for me?

You could mail someone ANONYMOUS traveller's cheques instead of cash, which is riskier. That's all.

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It's easy to get unlimited withdraw/funding with them with business ID then go out and get a small loan. Buy a bunch of coins with it, sell them or use them yourself.

A good plan.... provided that BTC doesn't take any huge hits again anytime soon.  ::)
Title: Re: When buying bitcoin in Canada...
Post by: comsec on July 01, 2013, 06:45 am
There's lot's of people who post on bitcointalk.org in currency exchange that sell bitcoins in Canada for mailed cash. Same with #bitcoin-cad