Silk Road forums
Market => Product requests => Topic started by: Candyman626 on September 25, 2011, 08:57 am
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I am from Canada and I am having a really freaken hard time getting bit coins. I have several major Credit Cards ( I even own a house ) but I can't seem to buy any bit coins. I have joined 4 different bit coin sellers and all of them require you to prove you are who you say you are which I don't mind doing. but the requirement are just to hard or time consuming example one of them required you join a certain bit coin forum group and get a member to email the company selling the bit coins and to become a member that can post on this forum with posting right other then in newbie post you have to be on line for a certain amount of time and post a certain amount of e-mails.
Has anyone else run into trouble buying bit coins? I don't know much about bit coins and this has made me feel like a complete idiot!
Does anyone have any suggestions?
I have just scored a bunch of Hydromorphone 8's from my Dr. and want to join as a seller and get rid of some of them.
Thanks for the help (if you can)
Candyman626
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you could offer them for a good price on forum and maybe get enough btc's to buy the account if you can prove you are legit. if you live near the us border you could cross over and buy a moneypak card and buy them with that i think. if you want to sell then you obviously dont want any way to track your btc purchase. those 2 options seem best to me.
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How I got my first coins was offering a few trusted members to buy from me at a discount and that they would pay afterwards to my bitcoin account. A week passed and I was a seller! During that week I browsed the forum and join the SILC chatroom and got acquainted with everyone...
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Do a few small (2-4) BTC trades in #bitcoin-otc (an IRC channel/community for person to person trade/sale of BTC) using PPUSD, and once ppl notice you have a few ratings they will sell you likely the quantity you need (granted I don't know the quantity you need).
There is also #bitcoin-cad where all the Canuck's go to try and figure out how to get BTC without smashing a hockey stick through their wall :P (i'm not being stereotypical I am Canadian and want my hockey team to win, and f you to those ready to make fun of hockey, go to your football games that you only use as an excuse to have a lame tailgate party and get wasted :P ).
EMT (e-mail money transfer) is also a method Canadians use to buy BTC, but it is just as vulnerable to chargeback fraud as PPUSD (this being why you typically can't just buy BTC whenever and however much you want using PPUSD).
Cavirtex (https://www.cavirtex.com/home) is the Canadian BTC exchange, you should familiarize yourself with it, especially if your ever looking to sell BTC (ppl will pay more then the market value just because ... well you have experienced how annoying it is to get a hold of BTC as a Canadian).
It requires validation too (as should ANY reputable monetary exchange service), but all they asked me for was a scan of my DL and a scan of a form they want you to sign. Took 4 days to verify (it should take less for you, they had some site downtime during my wait).
VirWox is also an exchange that can be used. People will say not to touch them (myself included, but only cuz of the cost) because the cost of the BTC you eventually get is way higher then market, but those ppl are typically american's who don't understand that there are people who can't get BTC so easily.
The way it works is you deposit money into your VirWox account (they take PPUSD), purchase Second life dollars (this currency is called SLL, its a fluid market but typically you get around 250 SLL per USD) and then sell these SLL for BTC (typically around 1500 SLL per BTC), and withdraw the BTC. Reason ppl say to avoid is because ... well ppl lack basic math skills (which VirWox thrives on) buy the SLL for whatever rate its going at with all the USD they deposited and then exchange the SLL for BTC without bothering to check the intermediate exchange rate.
If you want to see quickly how much a BTC will cost you per USD just divide the cost of buying a BTC with SLL (on the left of the screen click the BTC/SLL exchange link by the cost of buying SLL with USD (on the main page top right).
Eg. It cost 1514 SLL per 1 BTC to buy, and 1 USD will buy you 275 SLL. Divide 1514/275 = $5.50 per BTC.
Typically the price WILL be higher, but the SLL exchange market is liquid and its value can crash just as quickly/hard as we've seen with BTC, which means you can buy many SLL for cheap and sell them for much cheaper BTC (usually it means holding onto the SLL until its price has gone back up, luckily when SLL does crash it comes back up very quickly).
I have on several occasions now purchased BTC for $3 or less each from VirWox, so whoever says to never even go to VirWox simply lacks basic math skills. In other words keep your eye on the site but don't rely on them for acquiring all the BTC inventory you need.
A small note of advice i've come across, if you do use PPUSD, claim it as 'Money owed', that way if you were trying to scam the person you're buying BTC from (i'm not talking about you ... just <fill in blank shithead scam artist>) you will likely fail. People get away with it because you technically didn't buy anything 'real', but if you are sending them money as "Money Owed" it doesn't matter if its 'real' or not, you are not buying goods/merchandise.
You can buy on Tradehill as they allow paxum deposits/withdrawls, but all I have to say is FUCK PAXUM. They claimed (before I sent them all my pesonal info) I could link my Canadian bank account to paxum, but upon sending them all my sensitive personal info and being verified I find out that they are 'currently not verifying Canadian bank accounts' (it should be noted that Paxum is a Canadian company based out of Quebec, so as to why they don't verify CDN accounts completely evades me). Since that leaves me with no way of depositing funds into my Paxum e-wallet, fuck them (and i'm not falling for their credit card either as a means of getting funds to buy BTC).
You should probably avoid tradehill anyways, and definitely avoid MtGox, that is to say if you intend on doing any business on SR.