Silk Road forums
Discussion => Security => Topic started by: schmuckboy on March 31, 2013, 02:20 am
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I'm trying to turn $2800 into bitcoin. Bitinstant has always been my way of getting bitcoin, but there's a limit of $500 per transaction, and the 3.99% exchange fee will mean I loose $120 just to get my bitcoin.
What's the best way for me to do this? I want to convert the money all at once at a decent exchange rate. Doing it anonymously is preferable, but not super important.
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I feel like bitfloor is recommended a lot here, as are bitcopia and blue sky traders. Do realize, however, that almost every exchange is going to charge you a fee.
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MtGox?
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You might have to drive a little bit, but have you tried looking up local sellers? That could be an easy cash transaction with no fees.
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Bitfloor looks perfect! Thank you scout!
I tried looking for local coins but no one close to me will do the amount of money I'm looking for.
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if you use bitfloor you will lose money when sending to SR due to having to buy each coin at a few dollars higher than the average silk road uses, whereas if you use bitinstant it buys the coins at the weighted average and so your SR account goes up by the 500-fees. bitfloor is only good if the price of the coins there is at most a dollar over the mtgox weighted average
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Use Blue Sky Traders.
http://ok2yri46aaptiu2d.onion/index.htm
Nothing but Pros and all Business there! :)
Good Luck.
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Use Blue Sky Traders.
http://ok2yri46aaptiu2d.onion/index.htm
Nothing but Pros and all Business there! :)
Good Luck.
i'll 2nd that! dep upto 9k cash at boa and have your coins in the wallet when you get home.
i utilize the EARLY ORDER service they offer. Send them an email with EARLY ORDER in the subject and include a total in USD and your wallet address. The next morning you will have a email with the Deposit information and the amount of coins you will be receiving etc..Run that into the bank with a wad a cash, head home and you'll see the coins promptly.
100% satisfied with bluesky!
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I might have to give Blue Sky a try... I don't know how I feel about using a .onion site for that, though.....
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Use Bitfloor, then send the coins to BitCoin Fog, and have them deposit to SR incrementally over the course of 72 hours, from different addresses. Just sayin'..
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dont hate penis
No, but we do hate useless posts made by people with avatars meant to inspire disgust. I hope everyone who can in this thread gives you a -1 to send you the message that frivolous posting just wastes everyone's time.
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sleepyeyes2k2, I use Blockchain's "Shared Send" feature. It takes 0.5% as opposed to Bitcoin Fog's 1-3% (which I always calculated to be closer to 3 than 1 ::) ). It works just as well (breaking the "taint" of the coins).
And +1 to you for your comment about that douche (-1 to him)... I've been clicking "Report to Moderator" all day trying to get rid of that eyesore. >:(
lelmeriodici
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Good tip. Will it break it up into several small deposits over several hours to several addresses?
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Use Blue Sky Traders.
http://ok2yri46aaptiu2d.onion/index.htm
Nothing but Pros and all Business there! :)
Good Luck.
Wow, this looks like my best bet! Large amounts of cash and anonymity fuck ya! I sure hope they don't fuck me.
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No it doesn't, sleepyeyes2k2. Bitcoin has such a large transaction volume that such a feature is not necessary. On a much smaller site, like Bitcoin Fog, it is necessary. You could manually break up your transactions if you're paranoid.
lelmeriodici
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sleepyeyes2k2, I use Blockchain's "Shared Send" feature. It takes 0.5% as opposed to Bitcoin Fog's 1-3% (which I always calculated to be closer to 3 than 1 ::) ). It works just as well (breaking the "taint" of the coins).
And +1 to you for your comment about that douche (-1 to him)... I've been clicking "Report to Moderator" all day trying to get rid of that eyesore. >:(
lelmeriodici
I wonder if blockchain.info's implementation is too predictable. You send coins to an address, blockchain.info subtracts 0.5%, and 5-30 minutes later, two deposits are made to another address. Technically there is no taint between them, but if an attacker was trying to find the source of funding and worked his way back to an address that had two deposits made to it, usually something like 3.213261 and 6.73674, which adds up to a rounder number, in this case 9.95, then he could look for transactions preceding this within a certain time frame in the block chain, and if he sees a number that's exactly 0.5% more, in this case 10.0 BTC, well there it is.
Bitcoin Fog's implementation seems safer, because the fee is randomized, and you can specify a variable number of addresses to withdraw to and the amount of time to do it in. You can wait 7 days and withdraw to 5 addresses over 24 hours, for example. It's much harder to track that down, as long as you don't consolidate the coins again.
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Yes that's certainly possible. It would be a bitch but it's possible. That's solved by leaving a few coins in for one transaction, then sending those along with 100% of new coins for your second transaction (days later).
Certainly Bitcoin Fog is a more comprehensive and thorough mixing service. I feel, however, that Shared Send is good enough, and I don't lose as much.
lelmeriodici
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Hello, I sell BTC using Western Union with a $2000 limit per day. See the link in my signature.
Cheers
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How do be anonymous with Western Union though?
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i've put about 11k through bluesky.. If they tell you they can fill your order.. rest assured that it will happen.
take your chances with a smaller amount of your still concerned.
you can remain anon with wu as long as you make the transactions below 1k. however finding multiple wu places is usually not an issue. The fee's do get you with large amounts tho..
im noticing staying anonymous an getting charged anythings less then 5% does not seem possible with what is offered around here.