Silk Road forums
Discussion => Newbie discussion => Topic started by: Oak on September 21, 2013, 12:18 am
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Hello, I have been away from the road for awhile.....wondering, what is the best way to obtain BTC's these days??? Bitinstant has been down for months, I did use local bitcoins a few months ago.....SO expensive!!! Give me a shout, would like to know what options are available!
Thanx!! :o :o :o
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I just go to local bitcoin meetup groups and trade cash.
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So is that different from just regular local bitcoins?? Do you have to meet them in person? I have used local bitcoins in the past but didn't really know wth I was doing and ended up paying a fortune, I was able to just make a deposit at the local bank........I guess convenience is very expensive!! LOL Wish I could figure out how to become a BTC broker!! ;D ;D ;D
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I just used LocalBitcoins and paid only 3% more than SR bitcoin value. Cash deposit.
You might wanna browse the forum a bit. There are plenty of information-filled threads on this exact subject. :)
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Personally what I do is fund my paypal account (if you MUST use cash then go to the nearest convenience store and buy a money pack giftcard and fund it), buy some second life dollars on this site called VIRWOX and then trade the second life dollars for bitcoins. This gets you a very good exchange rate (typically I only lose about 5%) and its VERY convenient. Obviously its not extremely anonymous and I would only do this for relatively small amounts of money but you simply cannot beat the convenience.
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localbitocin or just local is our suggestion....
or gamble and win them:)we do!!!
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I've tried a number of ways to acquire coins and localbitcoin is the best. deliverator on Atlantis turned me on to localbitcoin and TAILS. TAILS is nice and the PGP applett is a breezed to use. I miss you deliverator.
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If you need them fast you can use virwox as i takes paypal and creditcard. A bit of work since you have to deposit -> buy SLL with USD -> buy BTC with SLL. And then there are some annoying fees.
Otherwise bitstamp is my favourite.
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Find a miner on localbitcoins.
Check profiles for someone who will meet in person.
Set up blockchain wallet and DL app.
Meet miner in public with wireless,
Miner verifies currency to be converted
Miner then scans your QR code for wallet,
10 seconds later your phone or laptop goes ding!
Started at 8% fee with relationship now down to 5% - I expect 4% soon
Doesn't have to be a miner.
Oh guys like mine are not going to have feedback since the escrow system was not used and frankly it just one more place to be like making random posts.