Silk Road forums

Discussion => Security => Topic started by: orwell1234 on October 28, 2012, 11:49 pm

Title: BTC-E and Bitinstant
Post by: orwell1234 on October 28, 2012, 11:49 pm
I don't know what happened with bitinstant and why they removed the ability to cash deposit into a Bitcoin account but It is absolutely fucking bull shit FUCK them for that. That being said now that everyone is frantically trying to find another safe secure way to get coins to the road I have my own questions. I'm leaning towards using BTC-E because you can access it through tor and still maintain most of your anonymity. I'm wondering is it safe to go through bitinstant to BTC-E then to SR bit coin wallet?
Title: Re: BTC-E and Bitinstant
Post by: acimsoullady on October 29, 2012, 02:30 am
I'm also pretty lost about this  :'( I've been having financial trouble and JUST decided to put a hundred or so dollars onto SR via BitInstant and I get on the website to see that crap... I assume BTC-E would be safe if it doesn't require an ID but you can never be too safe. Put everything through Coinapult just to be sure. Tell us how it goes, because I'm worried about the same thing. My only source of Bitcoins... gone...
Title: Re: BTC-E and Bitinstant
Post by: Moon Fried on October 29, 2012, 02:35 am
I'm also pretty lost about this  :'( I've been having financial trouble and JUST decided to put a hundred or so dollars onto SR via BitInstant and I get on the website to see that crap... I assume BTC-E would be safe if it doesn't require an ID but you can never be too safe. Put everything through Coinapult just to be sure. Tell us how it goes, because I'm worried about the same thing. My only source of Bitcoins... gone...

Just go through Mt Gox, it's just as simple and the fees are about the same. I was panicking too until I tried out Mt Gox and realized how simple it is. You can send it through some wallets too if you're worried about security.
Title: Re: BTC-E and Bitinstant
Post by: acimsoullady on October 29, 2012, 02:38 am
Just go through Mt Gox, it's just as simple and the fees are about the same. I was panicking too until I tried out Mt Gox and realized how simple it is. You can send it through some wallets too if you're worried about security.

I thought Mt Gox required personal verification? Or is that only with certain transactions? Well, thanks for the information, very reassuring. :)

I also found this thread one page back if the OP wants to read through it, it's the same thing:
http://dkn255hz262ypmii.onion/index.php?topic=59434.0
Title: Re: BTC-E and Bitinstant
Post by: Moon Fried on October 29, 2012, 02:53 am
Just go through Mt Gox, it's just as simple and the fees are about the same. I was panicking too until I tried out Mt Gox and realized how simple it is. You can send it through some wallets too if you're worried about security.

I thought Mt Gox required personal verification? Or is that only with certain transactions? Well, thanks for the information, very reassuring. :)

I also found this thread one page back if the OP wants to read through it, it's the same thing:
http://dkn255hz262ypmii.onion/index.php?topic=59434.0

Nope, I believe that's for removing or increasing some limits, like being able to wire over a $1k at a time via wire transfer. I don't think you'll run into any issues for regular cash deposits, just don't try logging in with TOR or public proxies.

I've only had one experience with them, which was on Friday, and everything went fine. I did have to wait 24 hours before withdrawing the btc because I changed my password, but that's my own fault.
Title: Re: BTC-E and Bitinstant
Post by: orwell1234 on October 29, 2012, 03:09 am
UPDATE!!!!

I went with BTC-E for the simple fact you can log in through TOR. I've made the bitinstant payment and received the Email confirming but I've yet to receive anything on BTC-E 's end. Usually with Bitinstant with a bitcoin address it was almost instant. Its been apx 2 hrs and I haven't recieved anything in my BTC-E account. Crossing my fingers and hoping I'm not fucked will update when things change.
Title: Re: BTC-E and Bitinstant
Post by: nitpi950 on October 29, 2012, 07:00 am
I've also been affected by the BitInstant developments. I changed my MO to from BitInstant to wallet to BitInstant to Mtgox and it was ridiculously quick. The money was in my account before I got home from depositing the money via MoneyGram a 5 min walk away from my apartment. This was Friday night.
Title: Re: BTC-E and Bitinstant
Post by: finally55 on October 29, 2012, 09:14 am
What the heck is going on? Bitinstant drops the options for Coinapult -AND- transferring to a BTC address... So I set up an account at the extremely sketchy looking BTC-E and when I try to set up a transfer via Bitinstant from a local bank to this BTC-E account, I get a 500 server busy error every time!

Created a MtGox account and tried to initiate a "cash from Bitinstant" transfer from their page and got this error: "Error from Bitinstant: Internal error"

Went back to the BTC-E site and they have a post there that says "WebMoney purse closed". When you click  on the post for more info, it says "Do not transfer USD". And then there are a bunch of comments in Russian!

WTF is going on here? Why did it suddenly become such a nightmare to get BTC?
Title: Re: BTC-E and Bitinstant
Post by: ihls2013 on October 29, 2012, 02:34 pm
I placed a cash deposit to btc-e via bitinstant on saturday. Got the confirmation email from zipzap that funds were received and that bitinstant was notified but i have not received any other emails, nor have my funds appeared in my account. Ive attempted to contact bitinstant support but have not heard back from them at all.
Title: Re: BTC-E and Bitinstant
Post by: Moon Fried on October 29, 2012, 03:03 pm
What the heck is going on? Bitinstant drops the options for Coinapult -AND- transferring to a BTC address... So I set up an account at the extremely sketchy looking BTC-E and when I try to set up a transfer via Bitinstant from a local bank to this BTC-E account, I get a 500 server busy error every time!

Created a MtGox account and tried to initiate a "cash from Bitinstant" transfer from their page and got this error: "Error from Bitinstant: Internal error"

Went back to the BTC-E site and they have a post there that says "WebMoney purse closed". When you click  on the post for more info, it says "Do not transfer USD". And then there are a bunch of comments in Russian!

WTF is going on here? Why did it suddenly become such a nightmare to get BTC?

Are you picking the "cash deposit" tree option, or picking an option within that tree? The cash deposit category leads to the 500 error, but if you pick a specific cash deposit option, then it should work fine. Try it and let me know how it goes.
Title: Re: BTC-E and Bitinstant
Post by: finally55 on October 29, 2012, 03:37 pm

Are you picking the "cash deposit" tree option, or picking an option within that tree? The cash deposit category leads to the 500 error, but if you pick a specific cash deposit option, then it should work fine. Try it and let me know how it goes.
[/quote]

I was picking the option within the tree for a local bank branch and it was producing the error. Now I go to Bitinstant and the local bank option is GONE!!!
Title: Re: BTC-E and Bitinstant
Post by: Moon Fried on October 29, 2012, 04:15 pm

Are you picking the "cash deposit" tree option, or picking an option within that tree? The cash deposit category leads to the 500 error, but if you pick a specific cash deposit option, then it should work fine. Try it and let me know how it goes.

I was picking the option within the tree for a local bank branch and it was producing the error. Now I go to Bitinstant and the local bank option is GONE!!!
[/quote]

Just noticed that too, BitInstant has been slippin' the past few days.

According to the CEO, the btc to email option should be back today: https://bitcointalk.org/index.php?topic=120749.msg1300644#msg1300644

Let's hope the option comes back. I could just continue with the Mt Gox option, but the original method is a bit more secure and a little less work.
Title: Re: BTC-E and Bitinstant
Post by: orwell1234 on October 29, 2012, 09:53 pm
I've been scammed. DO NOT USE BTC-E they are a bunch of fucking russian duesch bag scammers. Got the confirmation email from zip zap confirming receiving payment and no BTC in my BTC-E account its been 24 hours...Fuck these pieces of shit. No response from their so called support either. Do NOT use them  they are just taking people's money and bit instant isn't doing anything about it I can't get any response out of those assholes either. Sorry for all the language but I'm pissed. Why do these fuck heads have to make it so difficult to get BTC.
Title: Re: BTC-E and Bitinstant
Post by: finally55 on October 29, 2012, 10:24 pm
Wow - yeah I thought that BTC-E looked extremely sketch. Thanks for reporting back and confirming my fears.
Title: Re: BTC-E and Bitinstant
Post by: Nunya on October 30, 2012, 02:24 am
Created a MtGox account and tried to initiate a "cash from Bitinstant" transfer from their page and got this error: "Error from Bitinstant: Internal error"
Start the Bitinstant -> MtGox on the Bitinstant site, not the MtGox site.  That way it works.
Title: Re: BTC-E and Bitinstant
Post by: Moon Fried on October 30, 2012, 02:26 am
I've been scammed. DO NOT USE BTC-E they are a bunch of fucking russian duesch bag scammers. Got the confirmation email from zip zap confirming receiving payment and no BTC in my BTC-E account its been 24 hours...Fuck these pieces of shit. No response from their so called support either. Do NOT use them  they are just taking people's money and bit instant isn't doing anything about it I can't get any response out of those assholes either. Sorry for all the language but I'm pissed. Why do these fuck heads have to make it so difficult to get BTC.

That sucks. In the future, just go through Mt Gox. Contact BitInstant and tell them everything that happened and provide proof of payment. You might even want to call them.
Title: Re: BTC-E and Bitinstant
Post by: Wokker on October 30, 2012, 04:27 am
I made a pretty stupid fucking move this morning and gave up my anonymity.  My amp'd up mind panicked after seeing Bitinstant not allow deposits into bitcoin addresses anymore so I quickly made an account with Mtgox and found a local place to deposit cash.  For some reason they didn't have any of the blue Moneygram forms so the guy just asked for the account number, the cash, and then for ID...  For some reason I said fuck it, and just gave him mine.

I washed up my coins pretty well, but I still wish I would've thought it out a little more.
Title: Re: BTC-E and Bitinstant
Post by: lucytuesday on October 30, 2012, 04:37 am
is btc-e bitcoins to email? lol cause thats what i used to do and it's super easy
Title: Re: BTC-E and Bitinstant
Post by: onepostchump on October 30, 2012, 08:53 am
I've been scammed. DO NOT USE BTC-E they are a bunch of fucking russian duesch bag scammers. Got the confirmation email from zip zap confirming receiving payment and no BTC in my BTC-E account its been 24 hours...Fuck these pieces of shit. No response from their so called support either. Do NOT use them  they are just taking people's money and bit instant isn't doing anything about it I can't get any response out of those assholes either. Sorry for all the language but I'm pissed. Why do these fuck heads have to make it so difficult to get BTC.

how much did ya try to transfer mate?  i used them last weekend without any trouble, did you make sure you used the right account name at bitinstant?
Title: Re: BTC-E and Bitinstant
Post by: ihls2013 on October 30, 2012, 04:54 pm
Bitinstant was having issues this weekend, compounded by the stupid hurricane. I called and talked to support, my order got hung up in the system at bitinstant some where.
With in 20 minutes my funds appeared at btc-e and i was able to purchase my btc and send it to my wallet.

If you had issues this weekend call bitinstant, they said tons of orders were having this issue and they were trying to work the back log.
Title: Re: BTC-E and Bitinstant
Post by: Oak on October 30, 2012, 05:03 pm
I've been scammed. DO NOT USE BTC-E they are a bunch of fucking russian duesch bag scammers. Got the confirmation email from zip zap confirming receiving payment and no BTC in my BTC-E account its been 24 hours...Fuck these pieces of shit. No response from their so called support either. Do NOT use them  they are just taking people's money and bit instant isn't doing anything about it I can't get any response out of those assholes either. Sorry for all the language but I'm pissed. Why do these fuck heads have to make it so difficult to get BTC.

Dayum!!!! Fuck, I wish I had seen this yesterday!! I did Bitinstant->BTC-e  I got to the BTC-e account and I stupidly redeemed some coupon???? Support wrote me back and said I needed to return the code to my account....no idea what all that means, I think I just got screwed!!
Title: Re: BTC-E and Bitinstant
Post by: SelfSovereignty on October 30, 2012, 05:27 pm
I made a pretty stupid fucking move this morning and gave up my anonymity.  My amp'd up mind panicked after seeing Bitinstant not allow deposits into bitcoin addresses anymore so I quickly made an account with Mtgox and found a local place to deposit cash.  For some reason they didn't have any of the blue Moneygram forms so the guy just asked for the account number, the cash, and then for ID...  For some reason I said fuck it, and just gave him mine.

I washed up my coins pretty well, but I still wish I would've thought it out a little more.
I wouldn't worry about it; when I first found SR, I did basically the same exact thing.  I didn't even put the coins through a tumbler of any kind.  I'm still here and free; not saying I'll stay that way forever, but if they were going to follow up or start watching my mail or something it seems that they would've done it by now.  You're fine.
Title: Re: BTC-E and Bitinstant
Post by: Moon Fried on October 30, 2012, 05:39 pm
I made a pretty stupid fucking move this morning and gave up my anonymity.  My amp'd up mind panicked after seeing Bitinstant not allow deposits into bitcoin addresses anymore so I quickly made an account with Mtgox and found a local place to deposit cash.  For some reason they didn't have any of the blue Moneygram forms so the guy just asked for the account number, the cash, and then for ID...  For some reason I said fuck it, and just gave him mine.

I washed up my coins pretty well, but I still wish I would've thought it out a little more.

It's good to be paranoid, but you're overthinking it. Next time just tumble it a few times.

Personally, most people wouldn't agree with the way I get my btc, but I'm not going to explain.
Title: Re: BTC-E and Bitinstant
Post by: bbbvvvbbbvvv on October 30, 2012, 10:29 pm
I've been scammed. DO NOT USE BTC-E they are a bunch of fucking russian duesch bag scammers. Got the confirmation email from zip zap confirming receiving payment and no BTC in my BTC-E account its been 24 hours...Fuck these pieces of shit. No response from their so called support either. Do NOT use them  they are just taking people's money and bit instant isn't doing anything about it I can't get any response out of those assholes either. Sorry for all the language but I'm pissed. Why do these fuck heads have to make it so difficult to get BTC.

Woooah dude, hang on. I started a transaction with BitInstant (cash deposit at local store --> BTC-E account --> wallet tumbling --> SR) last night around midnight and completed it this morning on the way to work, and the cash was in my BTC-E account and ready to exchange for BTC in less than twenty minutes. Perhaps it really was an error that had to do with the hurricane or whatnot. Keep contacting them.
Title: Re: BTC-E and Bitinstant
Post by: WhereAmI on October 30, 2012, 10:41 pm
BTC-E does work but I think it's on the BitInstant side, not the BTC-E side. I had this same issue and sent several emails to bitinstant including Charlie@bitinstant.com. I called there phone and btw only use the email support@bitinstant.

To get things resolved quicker, I saw Charlie was pretty active on the BTCtalk forum so I made an account and wrote a ranty message about how fucked up it all was. He sent me a PM and an email within three minutes. Within 10 minutes all of my funds were in my account. Try that and it should work.

Nothing a little public scolding shouldn't sort out.
Title: Re: BTC-E and Bitinstant
Post by: biteme on October 31, 2012, 07:31 pm
Some users have made complaints about BTC-E but I have been looking around, reading posts here, etc., and they look legit enough to me. Sure, they've had some downtime and service issues but they are up and running most of the time and lots of people seem to be using it successfully. I think someone freaked out because an error message was in both English and Russian, but if the site is used by Russian-speaking persons, this actually makes good sense and isn't a bad thing at all.

I was thinking about trying it as an alternative to MtGOX. I would go MoneyGram ---> BitInstant ---> BTC-E ---> my BitCoin wallet, etc.  Aside from getting a better exchange rate, the big advantage seems to be that BTC-E will allow me to use the site with TOR while MtGOX will flag my account and require verification if I access it with TOR.

Is this correct? Are people using BTC-E and TOR together without problems?
Title: Re: BTC-E and Bitinstant
Post by: ForTehLulz on October 31, 2012, 07:51 pm
I've never used BTC-E but i have used Bitinstant with MtGox and was always really happy. Then they removed the bank deposit option which really sucks because it was really convenient. I tried using the local deposit option (7-11, walmart, etc. with MoneyGram) but found that the ZipZap fee of $4 and the MoneyGram fee of $5 plus fees from getting my coin tumbled around was not worth it for the amount of coin I needed. I also kept getting asked for ID everywhere I went so decided to ditch that option. So i found localbitcoins.com and found a bitcoin seller near me. We met up at a coffee shop, traded cash for coin and that was that! Quick and painless. Heres a statement released by Bitinstant about their issues from this past weekend http://goo.gl/mXSqt
Title: Re: BTC-E and Bitinstant
Post by: mnak on October 31, 2012, 08:01 pm
Some users have made complaints about BTC-E but I have been looking around, reading posts here, etc., and they look legit enough to me. Sure, they've had some downtime and service issues but they are up and running most of the time and lots of people seem to be using it successfully. I think someone freaked out because an error message was in both English and Russian, but if the site is used by Russian-speaking persons, this actually makes good sense and isn't a bad thing at all.

I was thinking about trying it as an alternative to MtGOX. I would go MoneyGram ---> BitInstant ---> BTC-E ---> my BitCoin wallet, etc.  Aside from getting a better exchange rate, the big advantage seems to be that BTC-E will allow me to use the site with TOR while MtGOX will flag my account and require verification if I access it with TOR.

Is this correct? Are people using BTC-E and TOR together without problems?
I would like to know this as well.

If I have to use Mt Gox then it freaks me out that if I use fake info and accidentally visit using tor then I'm locked out.  Also, they can change the rules anytime.

We're limited to depositing $500 at a time using bitinstant with moneygram and ZipZap which sucks.  I'm guessing nobody will admit to using the online bank deposit option.
Title: Re: BTC-E and Bitinstant
Post by: orwell1234 on November 02, 2012, 08:32 am
Egg on face. It was on bitisntant side. Here is a tip for dealing with this site and why I made my mistakes. Its russian so use google translate to send the message translated in to Russian and vice versa to understand them. It took 4 days to see funds but at least I finally got them so I wanted to clear this up.
Title: Re: BTC-E and Bitinstant
Post by: mnak on November 02, 2012, 03:43 pm
I used bitinstant to deposit to btc-e.  The funds were in my btc-e account when I got home.  The funds go in as dollars.  I traded the dollars for bitcoins.  The going rate on bitcoins was cheaper than mt gox.  The commission at btc-e is only 0.2% and then there is a small 0.01 bitcoin fee to withdraw the money out of btc-e and into my wallet.

I'm pretty happy with the process.  The only thing I don't like is paying bitinstant the ridiculous 4% fee.  I think I'm going to try using bitfloor for a deposit at 0.6% instead of paying bitinstant 3.99%+$3.95.
Title: Re: BTC-E and Bitinstant
Post by: biteme on November 02, 2012, 04:29 pm
I'm fairly satisfied that BTC-E is legit, but no one has yet answered if the site can be used while running TOR.

I can browse the Mt.Gox site while I'm running TOR, but I don't want to log-in that way for obvious reasons.

I have browsed BTC-E while running TOR as well, but I haven't yet tried to log-in or open an account there yet. I was hoping to get an answer from someone who has used it successfully with TOR before I did it myself.
Title: Re: BTC-E and Bitinstant
Post by: mnak on November 02, 2012, 04:38 pm
I accessed btc-e using tor.
Title: Re: BTC-E and Bitinstant
Post by: biteme on November 02, 2012, 04:51 pm
I accessed btc-e using tor.


THANKS, mnak!
Title: Re: BTC-E and Bitinstant
Post by: AnonymousAddict on November 02, 2012, 06:50 pm
Guys im sure you have herd this before and know this but Purchasing bitcoins is in no way Illegal. So even if you do get ID or whatever its not really a big deal. The main thing is you make you fog or tumble the coins somewhere or whatever and last time i checked even SR when sending them here has a tumbler in place and helps to a certain degree. I just decided to use Bitinstant yesterday for the first time since 1st of last month and to my surprise my normal option is gone! I really enjoyed how easy it was to print the amount the go to my place i send the money and then come home and watch on blockchain as the money comes through, I thought about using Mt.gox and even went and set up a account but i was only gonna add like 80bucks so i just decided to say the hell with it, find some stuff my way. From what i read though bitinstant will have our old options back in a couple weeks..
Title: Re: BTC-E and Bitinstant
Post by: s33k3r0069 on November 03, 2012, 04:16 pm
Just this morning I attempted to use bitinstant >> BTC-E.  I went to the store, used moneygram and made the payment.  I received an email that confirmed my zipzap payment however I don't see funds in my BTC-e account. 

I realized I might have made a mistake though, when on my BTC-E account, I selected make a desposit on the BTC instead of USD section.  I have a feeling this is why the funds haven't shown up.  Any ideas on how this will work out or what I need to do?

thanks
Title: Re: BTC-E and Bitinstant
Post by: mnak on November 03, 2012, 06:10 pm
Just this morning I attempted to use bitinstant >> BTC-E.  I went to the store, used moneygram and made the payment.  I received an email that confirmed my zipzap payment however I don't see funds in my BTC-e account. 

I realized I might have made a mistake though, when on my BTC-E account, I selected make a desposit on the BTC instead of USD section.  I have a feeling this is why the funds haven't shown up.  Any ideas on how this will work out or what I need to do?
You initiated the deposit from the BTC-E website?

This is what I did.  Is this what you did?

1) Registered an account with BTC-E.
2) From the bitinstant website, selected pay from 'cash deposit' and pay to 'btc-e.com'
3) entered the btc-e username for the account I made in step #1

The money showed up in my btc-e account as cash.  I had to then trade it for bitcoin, similar to how you would trade stock.
Title: Re: BTC-E and Bitinstant
Post by: rainbowmembrane on November 03, 2012, 10:22 pm
Just this morning I attempted to use bitinstant >> BTC-E.  I went to the store, used moneygram and made the payment.  I received an email that confirmed my zipzap payment however I don't see funds in my BTC-e account. 

I realized I might have made a mistake though, when on my BTC-E account, I selected make a desposit on the BTC instead of USD section.  I have a feeling this is why the funds haven't shown up.  Any ideas on how this will work out or what I need to do?
You initiated the deposit from the BTC-E website?

This is what I did.  Is this what you did?

1) Registered an account with BTC-E.
2) From the bitinstant website, selected pay from 'cash deposit' and pay to 'btc-e.com'
3) entered the btc-e username for the account I made in step #1

The money showed up in my btc-e account as cash.  I had to then trade it for bitcoin, similar to how you would trade stock.

Where did you deposit the cash?
Title: Re: BTC-E and Bitinstant
Post by: mnak on November 03, 2012, 10:54 pm
Just this morning I attempted to use bitinstant >> BTC-E.  I went to the store, used moneygram and made the payment.  I received an email that confirmed my zipzap payment however I don't see funds in my BTC-e account. 

I realized I might have made a mistake though, when on my BTC-E account, I selected make a desposit on the BTC instead of USD section.  I have a feeling this is why the funds haven't shown up.  Any ideas on how this will work out or what I need to do?
You initiated the deposit from the BTC-E website?

This is what I did.  Is this what you did?

1) Registered an account with BTC-E.
2) From the bitinstant website, selected pay from 'cash deposit' and pay to 'btc-e.com'
3) entered the btc-e username for the account I made in step #1

The money showed up in my btc-e account as cash.  I had to then trade it for bitcoin, similar to how you would trade stock.

Where did you deposit the cash?
wal-mart.

I wanted to use the online bank option but I got an error when I tried to use it.  I'm not sure which banks work.  I figured I would see if a local bank was  accepted when I tried to use it.
Title: Re: BTC-E and Bitinstant
Post by: rainbowmembrane on November 04, 2012, 02:17 am
Just this morning I attempted to use bitinstant >> BTC-E.  I went to the store, used moneygram and made the payment.  I received an email that confirmed my zipzap payment however I don't see funds in my BTC-e account. 

I realized I might have made a mistake though, when on my BTC-E account, I selected make a desposit on the BTC instead of USD section.  I have a feeling this is why the funds haven't shown up.  Any ideas on how this will work out or what I need to do?
You initiated the deposit from the BTC-E website?

This is what I did.  Is this what you did?

1) Registered an account with BTC-E.
2) From the bitinstant website, selected pay from 'cash deposit' and pay to 'btc-e.com'
3) entered the btc-e username for the account I made in step #1

The money showed up in my btc-e account as cash.  I had to then trade it for bitcoin, similar to how you would trade stock.

Where did you deposit the cash?
wal-mart.

I wanted to use the online bank option but I got an error when I tried to use it.  I'm not sure which banks work.  I figured I would see if a local bank was  accepted when I tried to use it.

Once you've traded your money for bitcoins....do you send them directly to your SR account or do you launder them first?

In the past, I've always sent my bitcoins directly to my SR account from mt gox (using bank deposits thru bitinstant)....have I been possibly exposing myself?
Title: Re: BTC-E and Bitinstant
Post by: anex45 on November 04, 2012, 02:18 am
I'm pretty fucking pissed Bitinstant removed the bank deposit option and the send to wallet option...both of those were highly used and I know a lot of bitcoin users chose those options....so it's funny when Bitinstant just tells everyone "oh it's for the better! we were trying to move away from bank deposits anyways!" Everyone that has commented on their blog update even told them that they used their service because of the bank deposit option.

*Sigh* I hope they figure something out or work out some kind of new deal to bring in some better bitcoin buying options. It was so easy to go to my local bank branch and deposit cash instead of having to deal with moneygram bullshit.
Title: Re: BTC-E and Bitinstant
Post by: jpinkman on November 04, 2012, 02:59 am
Once you've traded your money for bitcoins....do you send them directly to your SR account or do you launder them first?

In the past, I've always sent my bitcoins directly to my SR account from mt gox (using bank deposits thru bitinstant)....have I been possibly exposing myself?

Just dump the SR wallet address you used. SR has a decent coin tumbler that anonymizes your coin once it's in your SR account and you technically you haven't done anything out of bounds for just sending coin to an SR address. You could be a coin changer for all they know. Even though they could be logging every transfer that goes direct to a SR bitcoin wallet, I think it's highly unlikely because what could they realistically do with that info anyway when the fogger stops the trail cold? It's not like they'd bother targeting small time buyers in such a sweep. It wouldn't be worthwhile unless they were targeting vendors and the site operators, in which case they'd more likely to try and track the coin coming OUT of SR. Not going in.

In the future you might want to consider running it through a fogger for the extra layer of security and to put your mind more at ease.  But I wouldn't get too hung up on a direct transfer from Mt.Gox right now. What's done is done.
Title: Re: BTC-E and Bitinstant
Post by: mnak on November 04, 2012, 11:15 pm
Just this morning I attempted to use bitinstant >> BTC-E.  I went to the store, used moneygram and made the payment.  I received an email that confirmed my zipzap payment however I don't see funds in my BTC-e account. 

I realized I might have made a mistake though, when on my BTC-E account, I selected make a desposit on the BTC instead of USD section.  I have a feeling this is why the funds haven't shown up.  Any ideas on how this will work out or what I need to do?
You initiated the deposit from the BTC-E website?

This is what I did.  Is this what you did?

1) Registered an account with BTC-E.
2) From the bitinstant website, selected pay from 'cash deposit' and pay to 'btc-e.com'
3) entered the btc-e username for the account I made in step #1

The money showed up in my btc-e account as cash.  I had to then trade it for bitcoin, similar to how you would trade stock.

Where did you deposit the cash?
wal-mart.

I wanted to use the online bank option but I got an error when I tried to use it.  I'm not sure which banks work.  I figured I would see if a local bank was  accepted when I tried to use it.

Once you've traded your money for bitcoins....do you send them directly to your SR account or do you launder them first?

In the past, I've always sent my bitcoins directly to my SR account from mt gox (using bank deposits thru bitinstant)....have I been possibly exposing myself?
I deposited the money using a fake name and exchanged it for bitcoin on an exchange that is probably being run by the russian mafia so I just sent it to SR which I hear tumbles it anyway.  I don't know how to do the instawallet type tumbling...does it cost money?
Title: Re: BTC-E and Bitinstant
Post by: mnak on November 05, 2012, 02:26 pm
Looks like BTC-E has disappeared as a "sent to" option on the bitinstant website.  The blog mentions nothing about this.  I'm disappointed.

Update: bte-c option is now back.

I still get this error when selecting "online bank" as a payment option:
Quote
Error Page
Seller is not authorize to accept payments at this time.

If you feel you have received this message in error, please check to ensure you have 'ALLOW COOKIES' on.
Title: Re: BTC-E and Bitinstant
Post by: alan smithee on November 05, 2012, 04:51 pm
Btc-e have always been fine to use so the issue may be between btc-e and bitinstant, it certainly doesnt meant btc-e are scammers
Title: Re: BTC-E and Bitinstant
Post by: jpinkman on November 05, 2012, 05:21 pm
I'm pretty happy with the process.  The only thing I don't like is paying bitinstant the ridiculous 4% fee.  I think I'm going to try using bitfloor for a deposit at 0.6% instead of paying bitinstant 3.99%+$3.95.

Oh I know, the mt.gox+bitinstant+3.99%+$3.95  fees are like rape ... especially for larger amounts. Have you tried bitfloor yet?
Title: Re: BTC-E and Bitinstant
Post by: mnak on November 05, 2012, 05:53 pm
I'm pretty happy with the process.  The only thing I don't like is paying bitinstant the ridiculous 4% fee.  I think I'm going to try using bitfloor for a deposit at 0.6% instead of paying bitinstant 3.99%+$3.95.

Oh I know, the mt.gox+bitinstant+3.99%+$3.95  fees are like rape ... especially for larger amounts. Have you tried bitfloor yet?
Apparently bitfloor is no longer accepting any cash deposits... for now, anyway.

I noticed that the value of bitcoin dropped when bitinstant went offline.  Now bitinstant is partially back and bitcoin has stabilized but at a lower value than where it was a month ago.  The dependence that most people have on bitinstant to get bitcoin isn't a good thing in my opinion.  and the US government in particular is only likely to add barriers, not take them away.

I'm still not having any luck with the online deposit option for bitinstant.  I don't see much discussion about it.  Not sure why they list it as an option if it doesn't work.  I do like the lower 1.49% commission and I do like the option to send the money to btc-e where it seems bitcoin is a little cheaper than mt gox.
Title: Re: BTC-E and Bitinstant
Post by: jpinkman on November 07, 2012, 03:26 pm
I'm pretty happy with the process.  The only thing I don't like is paying bitinstant the ridiculous 4% fee.  I think I'm going to try using bitfloor for a deposit at 0.6% instead of paying bitinstant 3.99%+$3.95.

Oh I know, the mt.gox+bitinstant+3.99%+$3.95  fees are like rape ... especially for larger amounts. Have you tried bitfloor yet?
I'm still not having any luck with the online deposit option for bitinstant.  I don't see much discussion about it.  Not sure why they list it as an option if it doesn't work.  I do like the lower 1.49% commission and I do like the option to send the money to btc-e where it seems bitcoin is a little cheaper than mt gox.

Are you serious? I didn't have any problem just a few days ago. Did you start at the bitinstant site? Problems are reported from people that try to initiate the transaction from the exchange rather than starting at bitinstant.com.
Title: Re: BTC-E and Bitinstant
Post by: mnak on November 07, 2012, 05:14 pm
I'm pretty happy with the process.  The only thing I don't like is paying bitinstant the ridiculous 4% fee.  I think I'm going to try using bitfloor for a deposit at 0.6% instead of paying bitinstant 3.99%+$3.95.

Oh I know, the mt.gox+bitinstant+3.99%+$3.95  fees are like rape ... especially for larger amounts. Have you tried bitfloor yet?
I'm still not having any luck with the online deposit option for bitinstant.  I don't see much discussion about it.  Not sure why they list it as an option if it doesn't work.  I do like the lower 1.49% commission and I do like the option to send the money to btc-e where it seems bitcoin is a little cheaper than mt gox.

Are you serious? I didn't have any problem just a few days ago. Did you start at the bitinstant site? Problems are reported from people that try to initiate the transaction from the exchange rather than starting at bitinstant.com.
I contacted bitinstant and they confirmed that online bank transfer is broken and will remain broken for probably the next month.
Title: Re: BTC-E and Bitinstant
Post by: bigdaddy5150 on November 07, 2012, 06:17 pm
BitInstant is broken for me right now, I can't get a payment processed and I'm a little upset.

Anyone else unable to reach the site right now?

EDIT: I called their office, they said it was a DDoS issue and they should be back up in a couple hours.