Silk Road forums

Discussion => Security => Topic started by: whiteheat on April 18, 2013, 08:50 pm

Title: funds missing after deposit to SR wallet?
Post by: whiteheat on April 18, 2013, 08:50 pm
So the past few times i've deposited, i've been out about $10-15.  Not that big a deal but, i was under the impression that the btc price that SR uses is a little lower than the exchange that I bought them from.  Either that or they straight up taking some from me.  Could someone tell me how that works?  I'm pretty sure its the former, but even then, thats kinda shitty.
Title: Re: funds missing after deposit to SR wallet?
Post by: methodz on April 19, 2013, 01:19 am
Where are you exchanging your coins? Some sites use the daily average and not the actual price for the minute. In addition, there is usually an exchange fee so if you deposit $100 cash, you may only get $90 worth of BTC after the fees.

If you attempt to purchase something on SR, it will tell you BTC rate currently held for the site. The rate fluctuates so much so it will most likely shift throughout the day.
Title: Re: funds missing after deposit to SR wallet?
Post by: scout on April 19, 2013, 01:30 am
I've seen several reports of this happening -- some discrepancy between the rates used.  SR uses the Mt Gox Average whereas the places you are buying your coins from may be using something else.
Title: Re: funds missing after deposit to SR wallet?
Post by: whiteheat on April 19, 2013, 03:07 am
most recently i used bitcopia but last time i used bitfloor and both times same thing happened.  I know everyone has some sort of fee but i dont expect them to be $10
Title: Re: funds missing after deposit to SR wallet?
Post by: scout on April 19, 2013, 03:29 am
most recently i used bitcopia but last time i used bitfloor and both times same thing happened.  I know everyone has some sort of fee but i dont expect them to be $10

Well, it depends on the amount you bought from them.  All of these services have fees and depending on the amount purchased, it could easily be $10 or more.
Title: Re: funds missing after deposit to SR wallet?
Post by: Heizenberg on April 19, 2013, 05:51 am
I know the feels bro, I bought $3000 worth of bitcoins during the week, only got $2100 in my SR account/wallet.

Ruined my plans for a big purchase, made me start asking locally for a connect to what I am buying on here for the reason of losing money.

SR is great and I love it don't get me wrong but if I keep losing this much money over and over it kinda defeats the purpose for me to be on here >.<

the value of the market seems to be rising again so my money jumped a few hundred up already so it's closing in slowly.
Title: Re: funds missing after deposit to SR wallet?
Post by: whiteheat on April 20, 2013, 03:29 am
damn 900 is a lot to lose, fucking blows bro