Silk Road forums
Discussion => Security => Topic started by: mdm4 on September 01, 2013, 10:09 pm
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Hey, so I'm looking into buying my second lot of bitcoins, after my first purchase of just doing a bank transfer I'm looking for something a bit more anonymous, and saw that a few sellers on localbitcoins offer bitcoins for cash in the mail.
This sounds good to me, I haven't seen anyone mention it on here before and was just wondering if anyone had tried it?
I'm just a little worried about sending hundreds of pounds in the mail! :-\
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works fine.
pick a good vendor and send 20 pounds today. wait for the coins. then send 30 or 50. then 50 again or 100 if you want to.
create a new account, use a protected IP / new browser / new vendor (not the one you used to buy via bank transfere). dont use your add as return add. also dont put the coins you bought via bank transfer in the same account as the ones you buy via cash. the ones you already bought... dont use them for illegal activity. dont put anything in the letter (like a cool postcard) the vendor might keep for fun to cover up that there is money in the letter. only use stuff they will throw away right away. because its ugly / not useful. use gloves of you want to. don't use your home printer to print the add.
if you do that, you are as safe as you need to be as a buyer.
sure there is still some risk (mainly loosing some cash), but privacy comes at a price. and the risk is not that high after all.
But since you have bought bitcoins in the uk, odds are, your whole family is on the government watch list for the next 10 years already. be prepared to be taken in for questioning... i am just kidding... kind of ... :-(
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you can use a charity of your choice with no relation to you as return address. so the money will serve some purpose if it can not be delivered for whatever reason. if you do this, the vendor will know that you want to stay anonymous. but most won't care. also much better than using no return add for "stealth".
the money you have bought via bank... put it into a save account. use it for legal sh*t or just keep it. also don't use for legal but "weird" stuff like donating to erowid. If you want to spend it on the road, you need to wash it really well (!!). DO some more reading before you get started on this. my suggestion... keep it where it is. due to the forbes article, more and more people bought coins recenbtly to buy stuff on the road.
au.. as you are british.. is it "money you have bought" or "money you bought"? thanks ;-)
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I talked to a few of the people on localbitcoins once a while ago (few weeks?), never actually done any trades but basically scanned their pages for contact info and got in touch with them to discuss bitcoins when I was looking to establish a new and much bigger cashout structure just to hear their opinions, business models etc. Just PM me if you want a few suggestions of who to go to, but you can usually mail them by opening a trade, getting their details, then cancelling and they're pretty open about things actually once you do a few small transactions. Unlike the US version of localbitcoins which I also watch, the UK zone is generally speaking scam-free, anyone with more than 30 good trades are usually solid sellers.
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I used Localbitcoins for the first time last week. Why not use someone on there who accepts bank cash deposits? That's what I did, and by the time I got home, the coins were in my wallet. pm me for the guys contact if you want.
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I used Localbitcoins for the first time last week. Why not use someone on there who accepts bank cash deposits? That's what I did, and by the time I got home, the coins were in my wallet. pm me for the guys contact if you want.
maybe because we want to protect our personal information?!
UPDATE:
ups... i didn't read your post right the first time. yes... if its a cash deposit without the bank taking info down it should be okay. you just have into account that they will have you on tape for a long time (dont think banks delete tapes after a week or so) but if you just want to buy small time, it will be just too much work to find you.
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What does a cash deposit involve? Can you not just go in with cash and ask to put it in the sellers account? Or must you give your details?
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Just tried localbitcoin today. Went with moneypak...10 bucks cheaper than mtgox listing price for btc..the vendor was patient (as it was first time doing it that way) and I had my coin in 30 minuets. That's getting the card and then the steps after...super easy. I have found my new btc vendor...until the gov't takes a shit on them too.
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Never used it found a seller close to me today and he is going away soon so cant meet up for cash trade, he said if i do a bank transfer he will be able to sort me out as its quick and less hassle, can i be scammed by this? i am buying a decent amount the seller has lots of good feedback just curious as i never used it any info/advise will be greatly appreciated thanks
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What does a cash deposit involve? Can you not just go in with cash and ask to put it in the sellers account? Or must you give your details?
that depends on the banking system in your country. there is some, in which it is possible up to a certain amount.
@ALL
please... once again: I S T R O N G L Y advice against buying BTC if you plan on spending them in SR. This can bite you in your ass down the road. Can also put people around you in danger. governments all around the world act just CRAZY about sh*t they can't control.
++++DON'T DO IT++++
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Yeah, because people give them away on here....Anything a person does can bite them in the ass. It's a roll the dice situation.
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Were can i get bitcoins then?
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Localbitcoins is nice..the person I got mine from today, was selling 20 too someone, as I was ordering.
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Were can i get bitcoins then?
steal em from whitey
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Yeah, because people give them away on here....Anything a person does can bite them in the ass. It's a roll the dice situation.
if you get the coins in a way like i wrote up there, odds are very very very small.
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Yeah, because people give them away on here....Anything a person does can bite them in the ass. It's a roll the dice situation.
if you get the coins in a way like i wrote up there, odds are very very very small.
And, if you got them like I did, then you would have them...you got all preachy about not doing it...confused the shit outa me.
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Used localbitcoins yesterday for the first time. Made a cash deposit at the bank and by the time I made it home the bitcoins were in my account. Was a good experience and the price was slightly cheaper than mtgox and as an added bonus no overseas transaction fees from my bank.
Highly recommend. Same principle as Silk Road - Do a bit of research on the sellers and only deposit what you can afford to lose.
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Used localbitcoins yesterday for the first time. Made a cash deposit at the bank and by the time I made it home the bitcoins were in my account. Was a good experience and the price was slightly cheaper than mtgox and as an added bonus no overseas transaction fees from my bank.
Highly recommend. Same principle as Silk Road - Do a bit of research on the sellers and only deposit what you can afford to lose.
Are you in the UK? If so what details did you have to give?
Cheers
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What does a cash deposit involve? Can you not just go in with cash and ask to put it in the sellers account? Or must you give your details?
All I had to do was walk in and fill out the transfer form with the sellers info...I didn't have to use any of my personal information, and the guy I use doesn't even want you to put the LBC transaction number on the deposit (It tells you to do this, so the seller can identify the deposit)...Just deposit an odd number, using cents and he can easily figure out that the deposit came from me...I absolutely love this service, but I guess if shit got deep, they could always go back and pull the video of me making the transfer...Something to think about...
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What does a cash deposit involve? Can you not just go in with cash and ask to put it in the sellers account? Or must you give your details?
All I had to do was walk in and fill out the transfer form with the sellers info...I didn't have to use any of my personal information, and the guy I use doesn't even want you to put the LBC transaction number on the deposit (It tells you to do this, so the seller can identify the deposit)...Just deposit an odd number, using cents and he can easily figure out that the deposit came from me...I absolutely love this service, but I guess if shit got deep, they could always go back and pull the video of me making the transfer...Something to think about...
Sounds perfect, any chance you could pm me this guys details?
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LBC has an escrow system. Usually the buyer has 24 hours to pay before the escrow can be disputed. So buy cash deposit coins tonight and deposit cash the next day during banking hours. Almost impossible to get scammed.