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PSA: BitInstant's cash-to-bitcoin-address service is reliable, but they fudge the exchange rate; on top of the stated 3.99% fee (and unstated ZipZap fee), BitInstant has consistently marked up the exchange rate way above ($6 or so) the maximum that MtGox quotes around the time the transfer is made.

ಠ_ಠ
UPDATE:
Charlie Shrem (bitinstant) ultimately compensated me more than what I thought I was still owed, and for that I thank him; I feel that my personal matter has been satisfied amicably.
I still believe that there are strange discrepancies in the data I've seen, which have not yet been accounted for, and I hope Charlie looks into it for the sake of his otherwise valuable company; I wouldn't want BitInstant to be blamed for the errors (or malice) of another party in the pipeline.
In any case, I would currently still feel comfortable using BitInstant.
submitted by psapsaps to Bitcoin [link] [comments]

Bitinstant cash to bitcoin address help!!

Hey,
I'm new to using bitcoin and am looking for a little assistance. I want to cash deposit and end up with bitcoins in my wallet. Following a guide, I used bitinstant cash to bitcoin address option, but on the order summary, I'm simply quoted in USD the amount I will receive in my wallet. I submitted the order, but haven't yet gone down to CVS to make the cash deposit. I thought that the cash to bitcoin address option would automatically convert my USD to bitcoin at the current market rate? What am I doing wrong?
submitted by wastebintrash to Bitcoin [link] [comments]

Bitinstant no longer offering cash to bitcoin address. How do you buy bitcoins anonymously now?

Step two of the, "step by step guide for newbies who want bitcoins anonymously" is no longer valid. http://www.reddit.com/SilkRoad/comments/16ua3n/a_step_by_step_guide_for_newbies_who_want/
What is the safest way to buy bitcoins anonymously now?
Cheers.
submitted by ramulusss to SilkRoad [link] [comments]

Bitinstant seems to be accepting cash deposits to Bitcoin addresses once again

Bitinstant seems to be accepting cash deposits to Bitcoin addresses once again submitted by mcc4b3 to SilkRoad [link] [comments]

Who is the richest Bitcoin owner?

Technically, Bitcoin was worth less than 10 cents per bitcoin upon its inception in 2009. The cryptocurrency has risen steadily since then and is now worth around $6000 per Bitcoin. This is the most remarkable appreciation of the value and has created many millionaires over the last eight years.
Here are the top ten people/institutions that held a large amount of Bitcoins over time:
1. Satoshi Nakamoto
The creator of Bitcoin, who hides behind the moniker Satoshi Nakamoto, remains the major holder of bitcoins. The number of bitcoins that Nakamoto owns today is estimated at around 1.1 million, based on the early mining that he did. This is the equivalent of about $6 billion at today’s exchange rate of 1BTC to 6,098 USD. At least Nakamoto has never touched most of his bitcoins, and neither converted them into real-world currencies nor used them for any other purpose. If he were to sell his entire stash, the value of Bitcoin could plummet in an instant.
2. Bulgaria
Bulgaria is currently sitting on one of the biggest stashes of Bitcoin in the world. How did the European nation come into the possession of this enormous sum of money? A crackdown on organized crime by the Bulgarian law enforcement in May 2017 resulted in the seizure of a stash of 213,519 Bitcoins, enough to pay off a quarter of the country’s national debt.
According to Bulgarian authorities, the criminals used their technical prowess to circumvent taxes. As of June 2018, the virtual coins would be worth more than $1.2 billion. The Bulgarian government has declined to comment on the status of the coins.
3. BitFinex
BitFinex, a crypto exchange, has one of the largest bitcoin wallets with 163,133.38 BTC that are worth approximately $1 billion at the current price of $6,098.24 per bitcoin. The coins are believed to be kept in a cold wallet to protect them from cyber hacks, unauthorized access and other vulnerabilities that a system connected to the internet is prone to.
4. The FBI
The FBI is one of the largest renowned holders of Bitcoin. In September 2013, they brought down Silk Road, the infamous dark web drug bazaar, and seized 144,000 Bitcoin owned by the site’s operator Ross Ulbricht, better known as, “Dread Pirate Roberts”. Ulbricht made critical blunders that allowed investigators to locate the site and link him to it. Users of Silk Road are said to have traded around 9.5 million bitcoins since Ulbricht launched the site in 2011. Even thought the FBI sold a large amount of their Bitcoin holdings or even all, the FBI worth mentioned as they had a fortune in Bitcoin at some point. A large portion of the Bitcoins seized and sold went to Barry Silbert.
5. The Winklevoss Twins
Tyler Winklevoss and Cameron Winklevoss were among the first Bitcoin billionaires. The duo had first gained popularity when they sued the Facebook C.E.O. Mark Zuckerberg for allegedly stealing the idea of creating Facebook from them. They were contacted by Zuckerberg to develop the ConnectU site, which was to become Facebook later on.
They used $11 million of the $65 million cash compensation they received from the legal dispute with Zuckerberg to purchase 1.5 million Bitcoins in 2013. Back then, one Bitcoin traded at $120. That investment has increased more than 20000% since then.
The twins allegedly own around 1 percent of all Bitcoin in circulation. Their combined net worth is approximately 400 million. They created the Windex, funded several bitcoin-related ventures and invested $1.5 million in BitInstant.
6. Garvin Andresen
Although bitcoin is the brainchild of Satoshi Nakamoto, Garvin Andresen is credited as the person who made it what it is today. Garvin is one of the people who has been suspected to be Satoshi, a claim he denies. Rather, he says that he had a close relationship with the anonymous cryptographer for many years. The real Satoshi Nakamoto picked him as his successor in late 2010. Garvin became the chief developer of the open source code that determines how Bitcoin operates – and whether it can survive. He was once paid over $200,000 in Bitcoin by the Bitcoin Foundation for his contributions. He had already cashed out multiple times.
7. Roger Ver
Roger Ver, otherwise known as Bitcoin Jesus, is one of the first Bitcoin billionaires and believed to hold or held at least 100,000 bitcoins. The renowned libertarian allegedly dropped out of college to focus on his bitcoin-related projects. Unlike other crypto billionaires out there who are throwing their cash in the typical private Islands or luxury jets, Ver’s dream is to establish his own libertarian nation where every individual is the absolute owner of their own life and are free to do whatever they wish with their person or property. The controversial bitcoin evangelist renounced his U.S. citizenship in 2014 and relocated permanently to a small Caribbean Island.
8. Barry Silbert
Silbert is a venture capitalist and founder of Digital Currency Group. He was an early adopter of Bitcoin. He purportedly walked away with an eye-watering 48,000 Bitcoins in an auction held by the U.S. Marshals Service in 2014. The US government had confiscated much of the crypto coins from Ross Ulbricht, the alleged operator of the dark web marketplace for drugs and other illegal products. Bitcoin was then worth $350, which means Silbert’s coins have skyrocketed in value from $16.8 million to $288 million.
9. Charlie Shrem
Charlie Shrem is no doubt one of the most controversial Bitcoin millionaires. He invested in a large quantity of Bitcoin in the early days of the cryptocurrency. Shrem was also an active member of the Bitcoin Foundation and founded BitInstant when he was just 22 years old. By the end of December 2014, Shrem had been found guilty of money laundering and received a two-year prison sentence. After his release from federal custody, he unveiled a startup called Intellisys Capital, a company that sells investment portfolios in blockchain companies.
10. Tony Gallippi
A famous business magnate Tony Gallippi is also believed to be one of the big holders of bitcoins. He is the brain behind BitPay, one of the most popular Bitcoin payment service providers in the world. The company was launched in May 2011 and processes over one million dollars per day. Bitpay is also one of the companies to sign contracts with major companies including Microsoft, Dell, TigerDirect, and Newegg. By 2014, the company had employed approximately 100 people.
Conclusion
It is estimated that the top 1000 bitcoin addresses own approximately 35% of the total bitcoin in circulation. There are also thousands of individuals who hold large stashes of bitcoin but have chosen to remain anonymous.
submitted by alifkhalil469 to BtcNewz [link] [comments]

Changelly scam... I think so.

I've been very patient with Changelly since August 5th when I submitted my first support ticket on this matter. Now that it's clear to me that Changelly runs a drag-it-out support strategy, it's time to go public.
Is Changelly a scam?
You be the judge... please leave your opinion in the comments.
CONTEXT
The transaction (Tx) at issue here is BTC for GBYTE (Byteball).
For those not familiar with Byteball:
Byteball has no mining; its native currency - white bytes (GBYTE) and black bytes (BB) - was created back in December 2016 and has since been distributed, as widely as possible, via ~monthly airdrops. Every full moon since December, a "snapshot" has been taken of the balance of bytes held on each and every Byteball address, and of the balance of every registered BTC address. Shortly thereafter, each address receives new bytes based on the balance at the time of the snapshot.
The last snapshot was August 7, 2017 18:10 UTC (11:10 PDT), and new bytes were distributed as follows:
One last thing: Byteball's immutable ledger of Txs is stored in a construct called a DAG (Directed Acyclical Graph), analogous in function to bitcoin's blockchain.
WHAT HAPPENED?
On August 5, two days before the Byteball snapshot, I initiated a Tx with Changelly to trade 20 BTC for ~105 GBYTE. Changelly took my BTC, but held on to the GBYTE through the snapshot, collected the airdropped Byteball reward based on the balance of my funds, and then, 4 days after I initiated the Tx, sent ~105 GBYTE.
Changelly effectively stole my ByteBall distribution reward.
When hours had passed and still no GBYTE, I sent my first ticket, and support responded:
"It seems that there could be some technical issues either with our wallet or with Gbyte network. We will investigate the matter. We have forwarded your request to the technical department. They will push your transaction through. We will inform you, once your issue is resolved!"
On August 7th, before the snapshot, I submitted two more support tickets. I told Changelly that if they couldn't deliver the GBYTE before the snapshot, I wanted my BTC back. Support responded on August 8th 2:06pm (long after the snapshot):
"Unfortunately, we cannot refund your bitcoins since they have been already converted into GBYTE. But you will receive the same amount since your money has been already exchanged. Please confirm your GBYTE wallet address and we will repeat payout. All the issues seem to be fixed now, so it should work."
I responded, explaining why the only reasonable remedy was for Changelly to refund my BTC. I did not confirm any GBYTE wallet address.
Support ignored me and sent the following on August 9th:
"Good news! We have received the response from the exchange and now everything has been delivered!"
I wrote to Charlie Shrem, an advisor to Changelly, and he forwarded my complaint to Changelly CEO, Konstantin Gladych. I've also emailed Gladych many times directly myself. Zero response.
CIVIL LIABILITY
Under civil law, Changelly has been unjustly enriched and is liable to pay restitution.
Unjust Enrichment. A general equitable principle that no person should be allowed to profit at another's expense without making restitution for the reasonable value of any property, services, or other benefits that have been unfairly received and retained.
This principle is widely recognized and applies to Changelly here regardless of whether they did anything wrong. This is essentially why Coinbase and Poloniex changed course and gave their customers the BCH that was due to them.
CRIMINAL LIABILITY
Changelly is clearly liable under civil law.
What about criminal liability?
Using a DAG explorer, we can browse Byteball's immutable ledger of Txs and discover the following:
All Changelly had to do was send it to me. What happened?
The DAG shows that the GBYTE was diverted to the following addresses, which subsequently received the airdropped GBYTE that rightfully should have gone to me:
  • 31,447,997,156 to CBCYP2UY6YX2FJX6OXNDHBQO4VREDUJL
  • 51,788,023,285 to QAHP5Z4P6QQV4S3MUVTOJM5D7SJDWPSD
  • 21,763,859,830 to 6H5USZBXMOYUAGCYEYF7P3A6QU2EJBCT
  • 306,636,259 to QR542JXX7VJ5UJOZDKHTJCXAYWOATID2
The DAG also shows plenty of Tx activity over the relevant time period, also strongly suggesting no technical issues were to blame for Changelly's delayed Tx.
Did you know…?
Under the Czech Republic's Code on Corporate Criminal Liability both Changelly and the individual perpetrator(s) would be criminally liable.
WHAT NEXT
Changelly… fix this immediately.
Up next we’ll explore…
  • how to connect employee identities to the suspicious Byteball addresses
  • inner-workings of Changelly
  • the Bittrex and Changelly APIs
  • behind the scenes of the Changelly-Bittrex connection
  • Konstantin Gladych’s relationship with the European Cybercrime Center
  • presenting evidence to Czech and U.S. prosecutors
  • comments from devs re: Changelly’s technical excuses for failed Txs
  • similarities and differences between Changelly and BitInstant
submitted by Nttwo to CryptoCurrency [link] [comments]

A step by step guide for newbies who want bitcoins anonymously.

This may be a long post, essentially I just thought it would curb a lot of the questions around here about how to acquire BTC. So here goes:
  1. Go to www.bitinstant.com
  2. Select cash to bitcoin address
  3. On your SR account, under "account" (on the top bar beside messages and orders) there should be a BTC address in green characters. Copy and paste that as the bitcoin address to send your BTC to on bitinstant.
  4. For your notification email they ask for on the bitinstant website form, use a tormail account for anonymity. This is free and super easy to set up. I use squirrel mail as it is the most basic. sign up here: http://jhiwjjlqpyawmpjx.onion/ and for the other info (name and DOB) make it up. but use the same fake info when you actually deposit the cash. I used my fake ID's info (I have a PA ID that I got from ID chief before he was shut down, so i use that info)
  5. After you fill that out, it will send you to zipzap. Follow the basic instructions there and use your real zipcode to find places close to you that will allow you to do this transaction. I chose CVS.
  6. follow the rest of their instructions and make sure you print out the pdf with all the information (account number and code and such). take this form with you to CVS.
  7. Go to the customer service department (or photo department lol this is where the moneygram stuff was when I went). Just pick up the red phone and listen. You will be asked an address, name, and phone number. SAY YOURE PAYING A BILL. I think they say "press 2 for bill payment". Press that. Then just follow the instructions on the phone and such. About the address and shit: Just give them any address and zipcode, same bullshit with the name. Any name will do (try and make sure it matches the fake one you originally used on bitinstant though just in case), and say you chose not to give your phone number.
  8. They will eventually tell you "you are paying a company (zip zap) please go to the counter and tell them your name and that you are paying a company"
  9. go to the cashier and tell them you are so and so paying a bill/company with moneygram and they will confirm the amount of cash.
  10. after you give them the cash, you will be on your way! :) It should take a bit for the BTC to be confirmed.
GENERAL INFO: Bitinstant will give you a specific amount. i.e. $242.97 and you MUST have exact change when you pay.
Make sure you have enough. There is a 4% fee plus zip zap takes like $3.99. So to be safe, deposit 10% more than you need. I made this mistake yesterday lol. For example: you want $250 in your SR account. Deposit $250 + 10% ($25) so you'll deposit $275.
If you go home and would like to see where your BTC currently are, take your SR address (or the address you sent to) and search it on www.blockchain.info and when that address has anywhere from 7-10 confirmations, it should appear in your SR account!
It should take about an hour or two from depositing until the time when you have BTC in your account. Happy shopping :)
If this guide sucked, I'm sorry. lol. I tried.
submitted by antoniomontana to SilkRoad [link] [comments]

A Step-by-Step Guide to Creating an Anonymous Wallet for Covert Practices

A Step-by-Step Guide to Creating an Anonymous Wallet for Covert Practices
With the recent Bitcoin “bubble” fiasco and the subsequent rise and fall of Bitcoin value, it seems that this subreddit has become obsessed with making money. But get-rich-quick schemes are not at the heart of Bitcoin. Instead BTC should be seen as a way to keep Big Governments and Big Businesses from knowing how much money you have and what you choose to spend that money on. As a currency, it doesn't matter how much the value fluctuates if you plan on spending your wealth on sites like the Silk Road and etc.
(OK, maybe it does matter a little bit if the money you spent yesterday is worth twice as much today; but this guide is for spenders, not hoarders. Or at least for hoarders who also like to spend.)
Let's discuss my favorite attribute of the Bitcoin protocol: anonymity.
Many noobs getting into the Bitcoin game fail to realize that anonymity is an important key to understanding the importance of Bitcoin. In places where your wealth can easily be taking away from you (see Cyprus, Russia, China, the USA and others), Bitcoin can function like a store of cash buried in a dessert in the middle of nowhere – buried so deep that nobody can find it, not even the most powerful men and women on Earth.
POINT: If you are purchasing your Bitcoins through services like Coinbase or Mt. Gox, and if you've ever given your real name and bank account information to a Bitcoin Exchange, then you are NOT anonymous. Your Bitcoins can be traced back to you. Your purchases are recorded in the blockchain, and although it's difficult, it's certainly not impossible for those with the knowhow to find you and prosecute you. See this link before continuing.
Bitcoin is not inherently anonymous. You must take steps to protect yourself in order to keep your identity a secret. And even still, if you don't know what you are doing, you run the risk of being caught. So if you care about hiding yourself and your money, I offer this guide as a way to accomplish secret purchases and covert trades. Of course I cannot guarantee you won't end up in jail. At the end of the day, nobody knows how closely governments are tracking BTC purchases over the TOR network. Some people even believe that the TOR network was created by nefarious forces. I doubt it, but you never really know.
STEP ONE: Anonymous Hardware
Because you cannot really know whether or not you are being watched, your first step in creating an anonymous wallet is to protect yourself by buying a cheap laptop computer and removing the hard-drive. Really, who needs a hard-drive anyway? Toss it in the garbage.
STEP TWO: Anonymous Software
If you don't know how to download a Linux LiveCD, then stop reading now. You are probably not skilled enough to protect yourself anyway. If you don't know how to download a Linux LiveCD, then proceed with extreme caution; downloading an ISO file and burning it to a DVD is pretty damned easy. Easier than anonymity. Those who refuse to learn are at risk.
It's arguable which software you should use, but I recommend connecting to the TOR network using TAILS, a live DVD or live USB that aims at preserving your privacy and anonymity. TAILS helps you to use the Internet anonymously, leave no trace on the computer you're using, and to use state-of-the-art cryptographic tools to encrypt your files, email and instant messaging.
ProTip: For an extra layer of protection, download the ISO from your local library's computer. Or while you're sipping a mocha at Starbuck's. Then burn it to a DVD and take it home. Place it in your crap computer (the one without a hard-drive) and turn it on. Enter the BIOS menu and boot from CD if your computer doesn't do it automatically.
DO NOT CONNECT TO THE NETWORK FROM YOUR HOME.
I repeat, for an extra layer of security, DO NOT CONNECT TO YOUR HOME WIFI USING TAILS IF YOU WANT TO DO SHADY THINGS. That's just common sense. TAILS itself isn't illegal. But if you're the type to do shady things, you don't want to practice on your home Wifi, which you probably pay for with a bank account or credit card.
After you've spent a day or two using TAILS and familiarizing yourself with the LinuxOS, and once you feel comfortable enough to continue, then head back to your local Starbucks, boot up the LiveCD, and connect. Browse the TOR network and triple-check that you are protected. You can do this by checking your IP address for DNS LEAKS. Only if you feel comfortably hidden from prying eyes will you want to continue.
STEP THREE: Creating an Anonymous Wallet
There are several different ways to to this, but the easiest way is to use the code at bitadress.org. Thanks to SpenserHanson for creating this thread which describes the process in detail:
  1. Save bitaddress.org.html to your computer
  2. Close browser.
  3. Disable computer Wi-Fi.
  4. Open bitaddress.org.html in browser.
  5. Generate an address and record the private keys.
  6. Close the browser window.
  7. Go home. Think about what you are about to do.
STEP FOUR: Funding the Anonymous Wallet
Funding your wallet will be the most difficult part of this process. Obviously you don't want to go to a site like Coinbase or Mt. Gox and link up you bank account, then start sending coins to your anonymous address. That would be stupid. Very stupid.
Probably the best way to get coins is to know someone who is willing to send you a few, but even then you lead a trail back to your friend.
My suggestion is to make cash deposits through ZipZap or Bitinstant, and give them false information (for example, use the new email you created, over the TOR network, from a site like Hotmail or Yahoo, which doesn't require a phone number to sign up – I'm looking at you Gmail. Make sure your new account forwards your email to yet another account, perhaps Tormail or a temp address. You probably won't need to use the email more than once anyway, for confirmation, if you need it. And you might want to create a new address with every deposit, just to be safe). There are other options of course. Some companies will sell you Bitcoins anonymously through Bank of America cash deposits. But remember that the moment you walk into a Big Bank and give them money, you are caught on camera. Maybe offer a homeless man some money to make the deposit for you. And hope he doesn't just pocket your money. Regardless, you want to stay away from Big Banks if you can. It really isn't that hard.
If you absolutely must make deposits from your bank account, you could send your coins to an anonymous online wallet first and then to cold storage, but make sure to use several mixing services over a period of several days. And then have trouble sleeping at night.
Another great idea is to use the localbitcoins website; meet with a seller locally; pay cash and GTFO.
STEP FOUR: Spending from the Anonymous Wallet
If you are looking to CASH OUT, there aren't many anonymous options besides meeting with somebody and selling face to face. You could always sign up for your own account at localbitcoins, then hope a buyer contacts you. But this guide isn't about making money, it's about spending your coins.
To buy things, you'll want to go to back to the library, connect through TAILS, download a lite client like Electrum and access your account. Every time you want to spend, you will have to re-download, but it should not take more than a few minutes. And though you are probably safe enough to spend directly from the client, if you really want to be safe you should send the funds to a second wallet though a mixing service, then to a third or fourth or fifth wallet, also through mixing services. These “Mixing Wallets” should NOT be created using the TOR network because the TOR exit node may be monitored. I've never had a problem myself, but it's theoretically possible that an attacker could record the password/private keys for the hosted wallet and steal your coins. Which is why you should NEVER USE THE SAME ACCOUNT TWICE. And never access your cold storage wallet through the net. That would be very very bad.
To created the mixing wallets you will also need a way to hide your identify without using TOR. The best way to do this is to sign up for a VPN service though a public WiFi hotspot and then pay in Bitcoin. The best service I have found is called Private Internet Access. You can access their service through a public computer, connect to the VPN, and voila, you now can safely create mixing wallets without exposing your password to the open network. Make sure that after you mix the coins you send them all to a safe, final address, which will be your Spending Wallet.
Remaining anonymous will cost your some time and money. With each transaction you're going to have to pay for mixing, and also the transaction fee. And setting up a new email and a new account with every transaction (so that you can spread the coins across multiple fake accounts) will be bothersome but worth it in the long run. You can't put a price on piece of mind when it comes to your safety.
REMEMBER Your Spending Wallet should not contain all of your funds. The bulk of your coins should be address you created using bitaddress. Never trust an online service to hold the bulk of your funds. The recent hacks have shown that the best place to store your private key is in your head.
Final Notes:
The Bitcoin protocol itself is not anonymous. And theoretically it's possible to trace every transaction back to you. This is why you need to use fake emails, many multiple addresses, and a VPN service with heavy encryption. Even with the knowledge and the technology to map the blockchain, the FEDS will have a hell of a time tracking multiple address though VPN tunneling back to a cold storage wallet that you created offline and only use to send coins over TOR. There are just too many roadblocks. Of course nothing is impossible. But I sleep very good at night knowing that my door is not going to be kicked in by the Men in Black. And even if you're not doing anything illegal, this sort of behavior is certainly suspicious.
If you were lucky enough to receive a tip from Reddit's own bitcoinbillionaire (I myself was not) and you haven't cashed out. Create a VPN-tunneled throwaway account and tip yourself before claiming your coins. Then send them through a mixing service and to your cold storage address. Now you're on your way to being an anonymous spender.
I hope this guide helps. I really do. The purpose of Bitcoin isn't to make money. It's to protect the money that you already have, and to protect your identity in places where your identity is compromised. Everybody in the world wants your money, especially the richest of the rich. You ought to do everything you can to keep yourself safe. Especially if you live in a compromised geography.
TL;DR: Go directly to jail. Do not pass Go. Do not collect $200.
EDIT: Some typos.
submitted by anon_spender to Bitcoin [link] [comments]

I am traveling and am in a city in Brazil. My only credit card got cloned. I have bitcoins. How can I use them to get my hands on some fast cash to buy food, etc?

This is a real situation. I only have about $75 in cash, but have a few thousand dollars in bitcoin. I'm in Manaus (a city in the middle of the Amazon). I was wondering if anyone knew how I could quickly convert some bitcoin to the local currency (Reals). I don't mind a fee, I would even use Western Union if there was a quick and easy way to do it.
edit: I'm still looking for the best way to get some local currency. So far this is what investigating has lead to: There are a handful of services that will do it, that are so small that I would actually be more likely to trust a redditor with a decent account history. (https://www.ecurrencyzone.com/ would be an example of someone who provides the service, but does not inspire confidence).
One guy (Talan_Sun) started up an account to respond to this offering to send me money and then I send him bitcoins in an incrementing spiral, until I have the full 2k. Seems weird, but, well, he'd be taking the risk if he really did that, so it seems like an okay offer, although quite a long way to do it.
The best redditor offer that I will go for if a company does not work out is Julian702 in the comments here. He seems like a nice guy, and has a good reputation with people vouching for him. This is more confidence inspiring than those shady looking websites set up to do it.
Right now where I'm at is that I contacted BitInstant asking if they could help, using their form, and they did not respond. But now Erik with a @bitinstant email address shows up in these comments and says to contact him if I still need the money. So I'm doing that, and depending on what happens there, I'll go with Erik from BitInstant, and if not him, then Julian from the comments.
edit2: Just had breakfast. Another $8.50 gone.
Final edit: Although the reddit community and individual redditors were greatly supportive and awesome in general, there were no really clean and sane ways to do it. Nothing that didn't either take a long time, or involve trusting an internet person with the entire sum of money. In terms of risk, I really would trust someone with a good reputation with a couple of k in a pinch. But really I thought there'd be a simpler way to do it. Give someone bitcoins, then they send you money. That doesn't seem that hard. But on that same note Western Union and MoneyGram would not allow me to make a bank account deposit to myself, and then pick it up at one of their offices. So who would've thought getting your hands on some some cash when you have money would be so hard?
What ended up seemingly being the best and easiest solution was using MasterCard emergency services. They can get money into a bank account within a few hours, and can provide an emergency card which will be valid for 3 months or so within a few days. So this is the kind of service a huge corporation will provide you when they take so much our money for providing a non-service, that they don't know what else to do with it. Ah well, it gets me out of a pinch, anyway.
submitted by feelix to Bitcoin [link] [comments]

Why would an average person actually choose to use Bitcoin?

(Cross post from https://bitcointalk.org/index.php?topic=131154.0) That is a question that I come across quite often. For example,
From: Cardiovorax
I understand all the ideological reasons for why someone might want to choose Bitcoin. Most of them are fairly crazy, but at least they're there. What I don't get are the practical benefits, why an average person would actually choose to use them. If you aren't worried about the government or the banks or planning to get rich quickly 2140, then what can Bitcoin actually do for you? That's the part that nobody has really managed to explain so far in any of the threads, at least as far as I can remember.
To be fair, we understand the currency, it's inner workings, and thus its potential quite well, but while we profess how great it is, with $'s and stars in our eyes, we likely forget that the people we are talking to don't know or understand everything that we do. So, I think we should come up with some examples that answer the question of "why would an average person care" (or re-paste them from older necro threads). Here are some of mine:
1) It lets you send money overseas cheaper than using a bank wire (FIAT > BTC > BTC > FIAT has way better fees and exchange rates than bank wire, Western Union, etc).
2) It lets anyone open a virtual bank account without needing access to a physical bank. For example, some banks charge fees and require minimum balances for accounts, which may be prohibitively expensive. Some areas around the world don't even have banks other than in far away big cities. And in some cases, it's easier to just create a new Bitcoin wallet to store money in, than it is to drive down to a bank, fill out forms, come up with profs of ID, wait days for them to be verified, and another week for your account to actually be ready to use (especially if you're looking for a small business account).
3) It lets you accept payments online easily and way cheaper than with VISA, PayPal, or other such services. Heck, you can even just get a bitcoin address from MtGox or any other exchange, set up your account to instantly exchange any received BTC for local currency, and you're done.
4) It lets you accept payments over e-mail or any other service that can transmit text (even photos, as seen on girlsgonebitcoin). Some sellers may not have the means to build a website, but can still send out an invoice, asking to send payments to a specific address. (i.e. someone living in a poor country who only has access to an internet cafe, or someone who just doesn't have web skills).
5) It lets you accept tips or donations using any website. You can upload videos to YouTube, photos to Flickr, posts to a blog, music to Soundcloud, art to Deviantart, or comic strips to GoComics, and to accept donations all you need is to include a string of text in the description. No need to set up any money-accepting plugins, set up any bank or financial accounts, or rely on features provided by the service being used.
6) It lets you send money to places where PalPal or other money transmitting services are blocked, for example Russia or India, and is much cheaper for sending money to family in other countries. Even if that country they can't send money to is US, as in the example of the parents in Iran sending $2,000 to their college student son living here.
7) It lets you send huge sums of money overseas quickly and cheaply. If you were in US and you needed to pay $1,000,000 for a shipment from China, using normal methods of wiring money would take two or more weeks, and will cost more than $25,000 for the transaction. With Bitcoin, it takes a few hours, and costs $12,000 or less.
8) It lets you send micropayments better than anything else out there. It's easy and practically free to send $0.01 to anyone else using BTC, but would cost about $0.25 for just the fee to use the USD/EUR system. Any micropayment system that uses USD/EUR would have to sit on top of a larger system that stores all the money in a single large account, and all micropayments would have to be done as accounting entries within that account, instead of money actually moving around (i.e. you have to fund the system with a large payment, do your micropayment transactions, and withdraw when your fund is big enough again). This means micropayments using USD/EUR are restricted to only within specific services (i.e. your pre-paid micropayments fund that you use to pay for news articles can only be used within that news website)
9) It lets you create programs and services with their own bank accounts (the software stores value, as opposed to value always being linked to a real world person and a real world outside-the-service bank account). The Reddit tipbot is an excellent example of this, and would be impossible with USD/EUR, since to build it using FIAT, someone would have to open a real world bank account under their name (with all the forms, proofs of ID, etc), set it up to accept money transfers from others using PayPal, VISA, or something else, which will charge fees, have nasty exchange rates, have to keep to strict AML regulations, and be restricted to certain specific countries. Plus it would have all the micropayment issues mentioned above. With Bitcoin, all the "banking" is done with software, requiring no permissions, and no single programmer's name has to be linked with any bank accounts.
10) It lets you instantly fund USD/EUR based accounts around the world. The small LLC I started up keeps a BTC cash account for minor business expenses, and my business partners around the world will have Bitcoin funded VISA debit cards (as soon as Bitinstant releases them). That way, all the money is stored safely in the business vault, and if they need to pay for any business expenses, no matter where they are on the planet, or what their home currency is, I can fund their cards from home within 10 minutes. That's impossible with ACH, wires, or whatever else is out there.
11) It lets you link a payment account to a contract using address signing. For example, Person A agrees to buy Person B's debt. They write up an agreement contract, and instead of signing it with PGP keys, they sign it with A's and B's bitcoin addresses. Then money is sent from Address A to Address B, and any repayments are sent from Address B to Address A. That way, Person B can't claim that they never received the money, and Person A can't claim that they are still owed more than they really are, since all transactions are publicly verifiable on the block chain using the very addresses that were used to sign the contract. There is no need for any legal disputes of who owes what, since the blockchain keeps both parties honest (I actually did this already).
If you can think of anything else, please add it to the list.
EDIT: 12) Usenet has recently gone through the Wikileaks experience, with copyright behemoths pressuring VISA, PayPal, et all, to stop processing payments for Usenet service providers. Many have switched to Bitcoin since then, and I personally know Usener user who followed, now buying his btc from me for that purpose.
submitted by Rassah to Bitcoin [link] [comments]

My horrible BitInstant/ZipZap/MoneyGram/7-Eleven experience

Here's my experience using BitInstant to get a VouchX code at 1:00am.
TL;DR: Undisclosed fees; lots of personal details; what should have taken 5 minutes took 45; apathetic 7-Eleven clerk couldn't take ownership of issues with his company's own shitty kiosk; BitInstant sends me the money in a form not quite as insecure as banknotes taped to a postcard.
It was a late Thursday night, dipping into early Friday. BitMe had a low bid price for BTC. With BitMe, I'd usually deposit at a Chase branch, but I expected the price to rise too much by the time I could make it to a branch and the BitMe guy could confirm my deposit. I anticipated a lot of people putting their Friday paychecks into Bitcoin, so I was in a rush to buy. For this reason, I decided to pay the premium of BitInstant.
The first disappointment with BitInstant was that in order to deposit at a MoneyGram terminal, I'd have to pay an additional $3.95 to another middleman called "ZipZap." The BitInstant site doesn't mention this extra fee on the main page, where the 3.99% commission amount is quoted. The earliest point in time that I could learn the amount of the $3.95 extra fee was after I filled in order information (including my name and date of birth) on BitInstant, was taken to ZipZap, filled in my phone number, selected a MoneyGram location, and then finally downloaded the payment slip.
ZipZap sent me an e-mail, but their mail servers weren't configured correctly, so I never got it. My e-mail server logs show:
Mar 8 03:20:16 ophelia postfix/smtpd[17694]: connect from smtp.zipzapinc.com[184.169.154.190] Mar 8 03:20:16 ophelia postfix/smtpd[17694]: NOQUEUE: reject: RCPT from ... smtp.zipzapinc.com[184.169.154.190]: 504 5.5.2 : ... Helo command rejected: need fully-qualified hostname; from= ... to= proto=ESMTP helo= Mar 8 03:20:16 ophelia postfix/smtpd[17694]: disconnect from smtp.zipzapinc.com[184.169.154.190] 
ZipZap's web page says something to the effect of "anonymous payment." Later, at the MoneyGram location, I had to provide my name, phone number, and mailing address. (The address was never needed by BitInstant or ZipZap.)
I chose 7-Eleven store #18256 at 924 E. Empire Ave., Spokane, WA 99207 as the MoneyGram location, because 7-Eleven was the only local chain of MoneyGram locations open at that hour. Their MoneyGram solution was a Vcom kiosk. These multifunction kiosks, in addition to providing ATM and check services also act as MoneyGram terminals.
The first irk in the process was that the machine asked me to call a certain phone number for MoneyGram customer service, and no courtesy phone was provided on the machine. The store clerk didn't have a phone for me to use either. I wasted $1.26 on a 7 minute phone call from my by-the-minute phone (with plans optimized for texting, not voice). In 7 minutes, my name, address, phone number, "receive code" (a unique code for ZipZap), and payment amount was taken; it could have taken me no longer than 2 minutes for me to carefully enter and double-check this information on the terminal itself. I understand there is a market for customer service that delivers warm fuzzies, but this wasted my time and money and subjected me to a guy not from my continent who was difficult to hear over the connection.
Now it was time to deposit the money. The machine instructed me to insert one bill at a time, so I did. I was paying $385 in 20 banknotes. The machine would accept one banknote, give a message "not enough cash inserted," wait about 15 seconds, then show me the balance of how much money remains to be inserted. Well, of course not enough money was inserted, I don't have a $385 banknote and you told me to insert one at a time! I counted later to find that the machine processes banknotes at a rate of once every 20 seconds, so I spent over six minutes hand-feeding money into this machine, in front of a bored clerk at a slow 7-Eleven. I felt really bad for that guy, since he had store work to do and pretty much had to babysit me to make sure I wasn't going to walk off with anything.
Finally, the last note! Okay, it's doing .. something, and ... "this transaction could not be completed at this time." [Paraphrased, but no specific reason was given.] The machine then took a couple minutes to return my money, this time in the form of 16 banknotes. At least all my money was accounted for, but what gives?
The clerk tried to convince me that the machine doesn't work, and suggested I try calling whoever I'm trying to pay at 8:00am, start of business. I explained to him that this payment is time sensitive, that's why I'm doing this in the middle of the night.
Finally, it dawned on me that I never gave my "account number," a unique identifying code for the ZipZap transaction, to the MoneyGram phone agent. But he did ask for my phone number twice! I must have misheard him. Drat. I let the clerk know what my mistake was, but he tried his hardest to convince me that the machine didn't work as intended and suggested I try another 7-Eleven that was about an hour and a half on foot for me. I declined and told him I'd use the payphone to reach MoneyGram this time.
Back from another 5-10 call, I come into the store to find a note taped over the machine's screen, "out of order." The clerk is at this point telling me with matter-of-fact authority in his voice that the machine won't do what I want, and that it's out of service for everything but ATM and MoneyGram transactions. (Even after I tried several times to explain, he wouldn't accept that I was in fact trying to do a MoneyGram transaction.) Even though I explained to him that this is a time-sensitive payment--that is why I'm up at 2:00 in the morning taking care of this business--and it will be a 45 minute walk home for nothing, he insists that I am not allowed to use the machine. He even explicitly told me that he has work to do and it's taken him too long keeping an eye on me. I plead with him and sympathize about how horribly slow these machines are, how it's not his fault, and finally get through to him to let me try one more time, the final persuasive argument being that the machine gave me my money in $100 notes this time, so it won't take so long. (I didn't let him know that only two notes were $100s, while the rest were in $20s and $1s, but it was still fewer notes.) He doesn't even have the courtesy to say "yes," "okay," "sure," or "just one more time;" he just peels off his because-I-can "out of order" sign off the machine and goes about his business without saying a word.
Seriously? What's the point of this fancy self-serve kiosk if I need to call some guy in the Indian subcontinent to set up the transaction? How many millions of dollars were poured into the design, implementation, and rollout of these good-for-nothing machines that take ages to accept your cash? And then to have some apathetic, underpaid store clerk tell me he's got better things to do than take responsibility for how slowly his company's proprietary, fancy e-commerce kiosks work? Remember, he intentionally mislead me earlier by telling me another 7-Eleven store has a similar machine that might work, and (as it turns out) flat-out lied in telling me the machine is simply out of order. Oh, and I'm paying $3.95 to ZipZap for this, most of which probably goes to the MoneyGram commission.
Wondering how many middle-men there were between my money and my Bitcoin, by the way? BitMe, AurumXchange (for VouchX), BitInstant, ZipZap, MoneyGram, CardTronics (current owners of the brilliant Vcom franchise of time-saving kiosks), and 7-Eleven. Holy wow, maybe $3.95 + 3.99% was a steal.
All said, I spent about 45 minutes in that store. For what should have been 5 minutes worth of business. Beyond the pale.
On the second attempt, my money went through, I got a receipt, and when I got home I got a neat code I could paste into BitMe to get some instant USD in there. But let's not forget the final blunder: BitInstant delivered a code worth $365 good-as-cash to me by regular, unencrypted e-mail. Stupid.
Now I'm fighting bidding bots on BitMe.
submitted by piranha to Bitcoin [link] [comments]

How the hell do you buy bitcoins? It's been a fail for me and i've been trying for weeks..

Okay, so I've tried Dwolla to MtGox and I put my money on dwolla to make a purchase through Mtgox and it said I had to be a member for 30 days or I had to have previous transactions. can't really wait that long...
so I tried Bitinstant... giving cash to someone at cvs and after I had a 10 minute long phone call with the machine+operator I went to the cashier and they said they never saw my purchase so I can't pay for it...
I just started looking into bitfloor and I have no idea how to properly send my bitcoins to a certain address..
Should I try a different location for the moneygram (bitinstant)?
or should I use bitfloor? I really need help! Thanks!
submitted by FelineRabies to Bitcoin [link] [comments]

(US) How-To, Online Poker w/ BTC - Play in minutes

This is a quick guide on how to first purchase Bitcoins and begin playing online poker in only a few minutes.
A couple disclaimers first.
SealswithClubs.eu: Will start here as you will need the virtual wallet created automatically with each new account when you purchase Bitcoins.
  1. Register an account at www.sealswithclubs.eu
  2. Once registered, open "My Account" in a browser tab and leave it open as it will be needed in a moment.
Zipmark: an iOS app available on iPhone/iPad.
  1. Install the Zipmark free app to your iPhone or iPad
  2. Register an account with Zipmark: Add all necessary info during this registration which includes bank account, address, and drivers license identification number.
  3. Leave the app open but set the device aside for a moment and get back on a computer.
BitInstant.com: the currency exchange site, USD to BTC.
  1. Register one last account with Bitinstant.com.
  2. Once registered, click New Transaction
  3. Enter the amount in USD you would like to convert to BTC and select Bank Account as the funding source. For destination choose Wallet Address.
  4. Go back to the Sealswithclubs.eu tab that you left open and copy the Current Cash-in Address. Make sure that you copy this perfectly and do not miss any character or add any additional spacing.
  5. Go back to the BitInstant page and paste the Current Cash-In Address.
  6. Agree to the terms and click Place Order.
  7. Now on your iPhone/iPad, use the the Capture Zipmark button and scan the QR code on the BitInstant page.
  8. Confirm the transaction and boom, it's done.
From here BitInstant will process the BTC transaction instantly. SealsWithClubs will have some minor delay (for me this was a little over 5 minutes). I suggest you use this time to do two things: first, install the SealsWithClubs poker application. Second, add a Google Authenticator to your SealsWithClubs account for extra security.
Good luck and if you see me online try not to take too much of money :)
Update: Spaced this reference. Thanks to music4mic and OP of the thread his comment was in.
submitted by cazter to poker [link] [comments]

Here's my situation. See if you can help.

upvotes for visibility would be greatly appreciated
So out of desperation with not being able to create a Bitinstant account, I asked my friend if he could use his account to buy me bitcoins. (take into account this guy has been known for being sketchy in the past, but never to me and not in a long time) He agrees and I go over to his house with the money and he sets up my transaction and is going to go do the cash deposit himself, but I offer since it's my money.
I have had multiple successful transactions in the past all that went through by the time I sat back down in the car. But it's been 3 days since I went to Wal-Mart and nothing. 0.0 BTC in my blockchain wallet.
Now I have been in contact with this dude but the only thing he can tell me is that my transaction is listed as pending in his bitinstant account. He can't log into the email he used to see if there's a confirmation email because he forgot his info and can't recover it because the recovery email he used was one of those ones that expire after not using it for a certain amount of time. All his words.
So at this point, I think it's fair that I be a little suspicious of theft (him putting in his wallet address instead of mine). I believe in innocent until proven guilty, so I'm not saying the guy did it, but it would be in the back of anybody's mind.
Today I say we should meet up. That I hate to be such a hassle but $285 of mine is just floating in cyber space and I want to get together so I can check everything out and figure out the best way to try and handle this (whether it be correcting anything we put in wrong or contacting support). He says that there's really no need to since the only info he can access is his bitinstant account and that my transaction is still marked as pending.
Not wanting to let him know I'm suspicious (could come in handy, somehow. I don't know) I say alright. That I'll just wait it out and contact support if I feel I need to.
So the main thing I want to know is if anyone is experiencing slow transaction times from Bitinstant at the moment. That would really put me at ease. But since I've had so many successful immediate transactions, and there's no talk of bitinstant being slow on forums, I feel like that can't be the case.
Ultimately I know that if I can't prove he did it (hell. even if I can), I'm totally shit out of luck. It was the risk I took, and if he has my BTC, I'm not getting them back. I just wanted to know if anyone had any advice to give.
My next move is going to be a long, well-worded, unoffensive message saying that I am suspicious. And that he could prove to me that everything is well, that would be greatly appreciated. Since he can access his bitinstant account, he would be able to show me which wallet he sent the money to, which is all I really need to turn my hate from him to bitinstant, and not feel like a complete ass.
submitted by CowboysAndAnthrax to SilkRoad [link] [comments]

I am announcing The Gary Johnson Reddit-PAC. You can now donate towards Gary Johnson ads on Reddit and Facebook.

The Gary Johnson Reddit-PAC will be using donated funds towards diverse and targeted campaign ads on Facebook and Reddit according to /GaryJohnson community consensus.
You can donate to the cause through http://mtgox.com payment processing or Bitcoin alone at the following address:
1Cd26uWDGkZTvH57qyJVSqwnUHsdPbh6e6
Transaction history: https://blockchain.info/address/1Cd26uWDGkZTvH57qyJVSqwnUHsdPbh6e6
http://bitinstant.com can be used to donate funds simply by depositing cash at any local bank. Just buy Bitcoins and send them to the address above.
Paypal will not be used due to potential legal issues and/or Paypal holding our funds hostage for no reason whatsoever.
I can leave the creation of Ads up to you guys or, if deemed necessary, I will use campaign funds to have them created.
I will make separate threads for the creation of Facebook and Reddit ads within the day.
The consensus of the community will always have final say in this campaign's affairs. Simply, you guys are my boss. I am here to serve.
To avoid any restrictive campaign laws, all donation funds will be formally managed and converted in Buenos Aires, Argentina. All affairs will be conducted through my close associate in Buenos Aires, Argentina.
As a representative in this affair, you can make any claim at my residence:
125 Cedar Elm Lane
Georgetown, TX 78633
Formally, I have a contract between myself and all donators. I guarantee all funds will be used for their stated purpose. Thus, I will include the following legal information in the unlikely case of claims or controversy:
Any controversy or claim arising out of or relating to this contract, or the breach of this contract, shall be settled by binding internet arbitration at judge.me in accordance with the judge.me arbitration agreement. The arbitrator's decision shall be final and legally binding and judgment may be entered thereon.
Thank you!
submitted by TheAtlas to GaryJohnson [link] [comments]

The FINAL word (hopefully) on troubles getting bitcoins

1) Use Bitinstant to make a cash deposit/moneygram at walmart, have it sent directly to...
2) ....your Blockchain.info wallet you made before the transaction (easy as shit to sign up for and use)
3) Use your blockchain wallet to siphon (and subsequently tumble) funds to SR. You honestly don't need anymore anonymity than that. Quit worrying about the most secure part of this way of buying drugs, and concentrate on the riskier aspect: from the dealer's house to your hopefully non-incriminating destination address.
4) I'd recommend using mtgox as a holding area for funds even though you sign up using real info, because you can hold USD there, and it also gives you an easy and sometimes kinda profitable way to speculate at BTC trading.
5) Quit worrying that the FBI is phishing YOU, the newbie, to find your tiny potential SR drug purchases. If you were a big fish, you wouldn't be asking a clearnet silkroad forum how this all works.
Any more questions, please dear god head over to /bitcoin. There is an entire subreddit dedicated this stuff.
Bonus #6) It behooves you to use SilkRoad's actual forum site. Use this sub casually, but note all the dumb questions asked over and over and over again here. Not only will you find more/better answers on the SR forums, bonus security as it's a Tor site. Sure it's slow, but so are years in prison the more clearnet crap you have attached to your IP address.
That's all I got.
Edit Their [bitinstant's] twitter feed was saying they still were having problems doing direct transfers to mtgox accounts. You can select the big yellow funding options aarow then select bitcoin from the dropdown menu, and they give you a temporary bit coin address. That might work better than depositing directly to mtgox account numbers.
bitinstanthelp is bitinstant's twitter support feed. If your bitinstant transfer lags or seems like its stuck/not going through, immediately log a support email and include all your info from your transaction in it using bitinstant's support page. It's a vague, simple support email and feels like its going to go nowhere, but finally after 7 days (from the big mishap) i got an email asking me for more info, and within the hour it was fixed.
submitted by delicious_penguin to SilkRoad [link] [comments]

Buying anonymously with cash; suggestions?

Sorry for english. I need help buying anonymously with cash. I will visit cities LA and NY. I want to make safe purchases of bitcoin.
I think I can use cash on postal mail. But of course, I must very clean the money and the mailing vessel because finger print DNA & hand script. Maybe hostel staff can be helpful. Is this suspicious?
Is postal mail location record with cameras? Have you done remail? Put envelope inside envelope and write letter to Postmaster person. Then letter goes one postal, two postal, &c. But for cash, is this suspicious? Is safe? Maybe just the problem is impatience! ;)
Or this better to deposit cash for bank account (Bitinstant)? Is this suspicious hire drifter in streets? Will he steal money?
Bank or bank machine record unique numbers on cash. If bitcoin seller is government maybe he can correllation with bank machine cash numbers to bitcoin address. Is suspicious buy many times with cash? Buy small item with bank cash (recorded) and hold change (not recorded).
I am sorry if stupid questions. This is my first travel to United States. Paranoid!
submitted by asicitten to Bitcoin [link] [comments]

[Step by Step Guide] How to buy up to $2,000 worth of Bitcoin in about 1 hour.

This method assumes you have $20 to $2,000 worth of USD in cash on hand that you want to convert to Bitcoin. This is the way that has worked best for me, maybe a better way though.
Step 1: Go to https://www.bitinstant.com/
Step 2: Select the "Pay from" drop-down menu.
Step 3: Select the store/business you want to go to to deposit your cash payment at (I have personally used both Walmart and Albertsons successfully multiple times).
Step 4: Select the "Pay to" drop down menu.
Step 5: Select "Bitcoin Address" option.
Step 6: Open your Bitcoin Wallet.
Step 7: Create a new "receiving" address.
Step 8: "Right Click" on the newly created address.
Step 9: Select "Copy Address"
Step 10: "Paste" your receiving address to the form on the Bitinstant site.
Step 11: (Assuming you want to transfer $2,000: Put in 496 for the "Amount (USD) to pay"; Note: the reason for selecting only 496 instead of 500 is because there is a ZipZap, Inc fee of $3.95 that is charged later, and if you try to do 4 payments of 500 each, it will actually only let 3 of them go through before it will say you have reached your limit and you'll have to wait a day. So basically to avoid any hiccups just do 496 for the amount. If all you want is, say, up to $1,500 deposited, then you can put in 500 for the amount no problem. This is just to get $2,000 a day in fast, I've found using 4 payments of 496 for the amount works the best.
Step 12: Fill in your name, email, date of birth. (this is important to be correct because when you go to pay, your information better match or I would expect you would have problems.
Step 13: Prove you are human, and hit the submit button.
Step 14: Check over your quote and double check the information, when you agree, continue.
Step 15: Enter your phone number and Zip code. (needs to be correct because it will be checked for a match when you go to pay later).
Step 16: Search the map and find your Walmart or Albertsons, etc. whichever one you selected for where you are going to pay your deposit at from step 3. Click on their money-gram icon.
Step 17: Verify that the payment location you selected is showing up correctly.
Step 18: When you are finally ready to create your bill, click the button to create your payment slip.
Step 19: Wait for it to automatically generate (might pop-up as a PDF)
Step 20: Print out the payment slip this is the information you will need to bring with you in order to pay your bill.
Step 21: You will notice that the final payment amount to pay is $499.95 (This is the amount of your bill that you need to pay). Repeat, starting at step 1 again in order to process up to 4 bills or $2,000 worth).
Step 22: Go to the deposit location.
Step 23: If Albertsons, there may be a red color Money-Gram telephone by the customer service area...pick up the phone...and just listen to the instructions very carefully and it will walk you through step by step. (the amount of your bill to pay is the full amount including the fee. The first time you go through the payment process they may verify your phone number, and information you have submitted on the forms from the previous steps). Eventually, it will tell you to go to the counter to make an express payment. Hang up the phone and go to the counter and they will pull up your transaction, and you pay them $499.95 for each bill. If Walmart, or no phone: Its basically the same thing, just without the phone: go to the customer service area and pick up an express payment money-gram slip and fill it out using the information on the payment slip you printed out.
Step 24: Go back home and check your bitcoin wallet for incoming transactions...you should have your bitcoins within 10 minutes-couple hours depending how busy they are).
I hope that helps some of you! Note that there is a 3.99% fee, plus the $3.95 fee. Some people may not like this, but this is at least a way to get started with some coins. The price could go up 15% if you wait a week to get coins from another method...time is money! Once you have your coins, its easier to get them into other exchanges and stuff if you want to start trading or whatever.
If you feel this guide helped you please bump up the rating, so other people can figure out how to do these sort of transactions easier. The more people use Bitcoin and the easier they know how to get in, the better it is for all of us! I just want to help people get free. Don't forget to love your neighbor as yourself! God is love. Lets get free! :) 1DxQ6FAABJGbU1krTupo8e443bRSjJkAjq
submitted by weallprisonerschicky to Bitcoin [link] [comments]

A simple, comprehensive guide for those interested in quickly acquiring bitcoins

I've been following bitcoin for a few years. Investing in BTC has a learning curve, but hopefully this guide will help you. I'll try to keep it as simple as possible. And please, if you have any questions post them, the bitcoin community is very helpful and I'm sure someone will be able to help. One more thing before I get started, I'd like to remind everyone that bitcoin isn't a get rich quick scheme. Think of it as a way to eliminate the middle men of money, the people that get rich off of manipulating fiat currencies at the cost of the societies and the world. Believe in bitcoin, not just for personal gain, but for positive effect it could have on the world. Check out this guy's great post: http://www.reddit.com/Bitcoin/comments/1bhhjg/any_bitcoin_millionaires_here_on_reddit_if_so/c96rn3p
This method uses 'Mt. Gox' in conjunction with 'Bitinstant' which are both trusted sites. Double check that the Mt. Gox site you use has the https:// in the address bar.
Quickest method, using cash (you will own BTC in a few hours):
  1. Go to https://www.mtgox.com and make a new account. (you don't need to verify)
  2. Go to 'Funding Options' on the left and choose 'Bitinstant'.
  3. Copy the 'Exchange Account' number.
  4. Click on the 'Bitinstant' link on the bottom of the page.
  5. On the 'Bitinstant' page, there will be a drop down box where you can choose a location to make a cash deposit that will go into your Mt. Gox account. There are numerous places you can make cash deposits including: Walmart, CVS, Jewel/Osco, and Albertsons.
  6. After choosing the location to make a cash deposit, fill out the rest of the Bitinstant page, including a test or two to prove you are a human.
  7. Click next and after accepting the terms and conditions on the next page there will be a receipt that you need to print out and take to the store where you're making the cash deposit.
  8. Go to store, deposit, funds will pop up in your Mt. Gox account and you are free to trade! Yay!!
Slower method, setting up Dwolla for use with Mt. Gox (takes about 7 days to buy BTC):
  1. Sign up for dwolla at https://www.dwolla.com. Add you bank account information so that you can add funds to your account.
  2. It will take 2-4 business days to verify your bank account (Dwolla will deposit small transactions into your bank account and you will need to show how much they were), in the meantime sign up for a Mt. Gox account at https://www.mtgox.com
  3. Once your bank account is verified, you should fund your dwolla account, which will take about 3-4 business days for the funds to clear.
  4. Once they're cleared, go to Mt. Gox and click 'fund your account'.
  5. Follow steps '3' and '4' above.
  6. On the 'Bitinstant' site, choose 'dwolla' as the funding source.
  7. Follow the instructions on 'Bitinstant' and you will have money in your Mt. Gox account within minutes and are free to trade. Yay!!
Hopefully this guide has helped guide you through the process of buying bitcoin. It definitely has a bit of a learning curve, but I hope I could help. Now, for the long term, you'd want to verify your information on Mt. Gox so that you can make bank account deposits and without the percentage fee that Bitinstant charges, but that process can take a while, especially now that Bitcoin has increased in popularity. Also, once you have bitcoin, it is important to find a safe 'wallet' that you can keep your bitcoins in. There isn't a bank to protect your money for you, you have to be smart and responsible. There are always a lot of posts about good wallet services in /Bitcoin, make sure to choose one that is trusted.
submitted by andrewforlife to Bitcoin [link] [comments]

[uncensored-r/CryptoCurrency] Changelly scam... I think so.

The following post by Nttwo is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/6u8tfh
The original post's content was as follows:
I've been very patient with Changelly since August 5th when I submitted my first support ticket on this matter. Now that it's clear to me that Changelly runs a drag-it-out support strategy, it's time to go public.
Is Changelly a scam?
You be the judge... please leave your opinion in the comments.
CONTEXT
The transaction (Tx) at issue here is BTC for GBYTE (Byteball).
For those not familiar with Byteball:
Byteball has no mining; its native currency - white bytes (GBYTE) and black bytes (BB) - was created back in December 2016 and has since been distributed, as widely as possible, via ~monthly airdrops. Every full moon since December, a "snapshot" has been taken of the balance of bytes held on each and every Byteball address, and of the balance of every registered BTC address. Shortly thereafter, each address receives new bytes based on the balance at the time of the snapshot.
The last snapshot was August 7, 2017 18:10 UTC (11:10 PDT), and new bytes were distributed as follows:
  • For every 1 GBYTE held on any Byteball address, you got 0.2 of new GBYTE
  • For every 1 GBYTE held on a linked Byteball address, you got 0.4222 of new BB
One last thing: Byteball's immutable ledger of Txs is stored in a construct called a DAG (Directed Acyclical Graph), analogous in function to bitcoin's blockchain.
WHAT HAPPENED?
On August 5, two days before the Byteball snapshot, I initiated a Tx with Changelly to trade 20 BTC for ~105 GBYTE. Changelly took my BTC, but held on to the GBYTE through the snapshot, collected the airdropped Byteball reward based on the balance of my funds, and then, 4 days after I initiated the Tx, sent ~105 GBYTE.
Changelly effectively stole my ByteBall distribution reward.
When hours had passed and still no GBYTE, I sent my first ticket, and support responded:
"It seems that there could be some technical issues either with our wallet or with Gbyte network. We will investigate the matter. We have forwarded your request to the technical department. They will push your transaction through. We will inform you, once your issue is resolved!"
On August 7th, before the snapshot, I submitted two more support tickets. I told Changelly that if they couldn't deliver the GBYTE before the snapshot, I wanted my BTC back. Support responded on August 8th 2:06pm (long after the snapshot):
"Unfortunately, we cannot refund your bitcoins since they have been already converted into GBYTE. But you will receive the same amount since your money has been already exchanged. Please confirm your GBYTE wallet address and we will repeat payout. All the issues seem to be fixed now, so it should work."
I responded, explaining why the only reasonable remedy was for Changelly to refund my BTC. I did not confirm any GBYTE wallet address.
Support ignored me and sent the following on August 9th:
"Good news! We have received the response from the exchange and now everything has been delivered!"
I wrote to Charlie Shrem, an advisor to Changelly, and he forwarded my complaint to Changelly CEO, Konstantin Gladych. I've also emailed Gladych many times directly myself. Zero response.
CIVIL LIABILITY
Under civil law, Changelly has been unjustly enriched and is liable to pay restitution.
Unjust Enrichment. A general equitable principle that no person should be allowed to profit at another's expense without making restitution for the reasonable value of any property, services, or other benefits that have been unfairly received and retained.
This principle is widely recognized and applies to Changelly here regardless of whether they did anything wrong. This is essentially why Coinbase and Poloniex changed course and gave their customers the BCH that was due to them.
CRIMINAL LIABILITY
Changelly is clearly liable under civil law.
What about criminal liability?
Using a DAG explorer, we can browse Byteball's immutable ledger of Txs and discover the following:
All Changelly had to do was send it to me. What happened?
The DAG shows that the GBYTE was diverted to the following addresses, which subsequently received the airdropped GBYTE that rightfully should have gone to me:
  • 31,447,997,156 to CBCYP2UY6YX2FJX6OXNDHBQO4VREDUJL
  • 51,788,023,285 to QAHP5Z4P6QQV4S3MUVTOJM5D7SJDWPSD
  • 21,763,859,830 to 6H5USZBXMOYUAGCYEYF7P3A6QU2EJBCT
  • 306,636,259 to QR542JXX7VJ5UJOZDKHTJCXAYWOATID2
The DAG also shows plenty of Tx activity over the relevant time period, also strongly suggesting no technical issues were to blame for Changelly's delayed Tx.
Did you know…?
Under the Czech Republic's Code on Corporate Criminal Liability both Changelly and the individual perpetrator(s) would be criminally liable.
WHAT NEXT
Changelly… fix this immediately.
Up next we’ll explore…
  • how to connect employee identities to the suspicious Byteball addresses
  • inner-workings of Changelly
  • the Bittrex and Changelly APIs
  • behind the scenes of the Changelly-Bittrex connection
  • Konstantin Gladych’s relationship with the European Cybercrime Center
  • presenting evidence to Czech and U.S. prosecutors
  • comments from devs re: Changelly’s technical excuses for failed Txs
  • similarities and differences between Changelly and BitInstant
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

I just bought my first bitcoin today

I've been following bitcoins for about the last year or so, on and off. I'm fascinated by and support anything that is inherently decentralized, open source, and/or democratic. I don't know why I didn't buy sooner, I really don't, I normally have a pretty healthy level of risk tolerance. For some reason I held off until two weeks ago when I was all, "fuck it" and went to buy some after I saw it hovering in the $60-70 range.
And that's when I discovered that buying bitcoins is kind of a pain in the ass. I wasn't even going to make a big buy, just $200USD to whet my whistle. After fucking around with AurumExchange, Vircurex, BTC-E, and others I realized there was no really easy way to transmute green backs into internet ducats by using my preferred internet method: my credit card. So I was like, "ah, fuck it" and ignored it for two weeks. Then today it's at $100+. Well, shit, now I gotta buy something, right?
So here's my experience buying bitcoins today:
This is me so far: http://i.imgur.com/BnOPi0k.gif
Still me: http://i.imgur.com/K4N2bmY.gif
http://i.imgur.com/GgohPHj.gif
http://i.imgur.com/HltBP5q.gif
http://i.imgur.com/IeQsUN9.gif
http://i.imgur.com/5rZxlcZ.gif
http://i.imgur.com/8EW3lP9.gif
I probably did this the most idiotic way possible but here's what I can say about the process: I am a "path of least resistance" kind of guy and this is pretty much the opposite of that. Can I buy BTC with a credit card? Yes/no?
submitted by Comms to Bitcoin [link] [comments]

First time buying questions from a noob.

I have read a bunch of shit and I have a decent understanding of all of this, I just have a couple questions.
I am going to buy through Bitinstant because it's fast and seems to be the easiest. I want to do the cash deposit but I don't have a printer. Is there any way around this? Also, is Bitinstant good or would you recommend something else? I want to send it to my Mt. Gox account and I get that I just need the account number, but is Mt. Gox a wallet for me too and if so how to I find my Bitcoin Address?
Sorry for being stupid, I really did try to figure this stuff out but I couldn't :(
submitted by UlyssesSKrunk to Bitcoin [link] [comments]

HOW TO BUY BITCOIN WITH CASH IN 10 MINUTES!! Where Is Cash App Bitcoin Wallet Address? 🔴 - YouTube BitInstant How-to: Turn cash into Bitcoins at a bank how to hack bitcoin address 2017 - YouTube How to fix Bitcoin Cash invalid wallet address problem ...

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HOW TO BUY BITCOIN WITH CASH IN 10 MINUTES!!

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