Silk Road forums
Discussion => Security => Topic started by: madJ on May 05, 2013, 11:51 am
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Hey I have a question about cashing out which i havnt seen on the forums.
Is there a way to auto cash out if your the vendor?
Lets say you sell something for 1 BTC, and assuming 1 BTC = $100.
So after the escrow fees are deducted and orders are finalized, the 1 BTC (minus the fees) gets transferred to my vendor's account.
Now I want to cash out into USD immediately.
Is there a way to quickly auto cash out from silk road into something like my BIPS or Mt. Gox wallet as soon as the coins hit my vender account on SR?
I just want to make sure that the USD amount i sell my goods for will be exactly the amount i get in USD cash after the transaction is over just in case there are crazy fluctuations in the coin market.
Anybody got any info on this?
Also does anyone know how much USD exactly is the silk road vendor bond? I calculated few weeks ago and thought it was around 300 but now it seems to be around 450.
Thanx yo,
Mad J
-
Hey I have a question about cashing out which i havnt seen on the forums.
Is there a way to auto cash out if your the vendor?
Lets say you sell something for 1 BTC, and assuming 1 BTC = $100.
So after the escrow fees are deducted and orders are finalized, the 1 BTC (minus the fees) gets transferred to my vendor's account.
Now I want to cash out into USD immediately.
Is there a way to quickly auto cash out from silk road into something like my BIPS or Mt. Gox wallet as soon as the coins hit my vender account on SR?
I just want to make sure that the USD amount i sell my goods for will be exactly the amount i get in USD cash after the transaction is over just in case there are crazy fluctuations in the coin market.
Anybody got any info on this?
Also does anyone know how much USD exactly is the silk road vendor bond? I calculated few weeks ago and thought it was around 300 but now it seems to be around 450.
Thanx yo,
Mad J
The Seller's Guide will answer most of your questions:
http://dkn255hz262ypmii.onion/wiki/index.php?title=Seller%27s_Guide
The Seller Bond is currently $500, payable in Bitcoin. The current amount of Bitcoin required can be ascertained by clicking on the 'become a seller' link in your account settings and clicking 'I agree'.
Libertas