Silk Road forums

Discussion => Security => Topic started by: spinbox1 on July 16, 2012, 07:12 pm

Title: How do you get the best BTC exchange rate?
Post by: spinbox1 on July 16, 2012, 07:12 pm

I'm wondering if each exchange website does their own exchange or do they collectively list their buyers and sellers in a database?

Right now I'm using InterSango for my exchanges.  When I look at the list of BTC being sold there are very few coins being sold at rates below $9USD / coin.  Should I try using a different site to get a better exchange rate?  Or does it not matter because they are all connecting to the same central exchange database?

Title: Re: How do you get the best BTC exchange rate?
Post by: smokeweed420 on July 16, 2012, 09:13 pm

Use bitinstant.com it is the most legit, easy, and you get the best rate.

Title: Re: How do you get the best BTC exchange rate?
Post by: vlad1m1r on July 16, 2012, 09:27 pm

Quote from: smokeweed420 on July 16, 2012, 09:13 pm

Use bitinstant.com it is the most legit, easy, and you get the best rate.

You'll certainly get the best rate but be warned OP that using a Bitcoin Exchange is far from anonymous - for more info see http://dkn255hz262ypmii.onion/index.php?topic=25163.0

All the best,

V.

Title: Re: How do you get the best BTC exchange rate?
Post by: spinbox1 on July 16, 2012, 10:19 pm

How do I even see the rate on bitinstant.com?   I went to their fees and rates page, but all they have is fees listed and no exchange rates.  I started going through the process, but it tells me how many dollars will be sent to the bitcoin address rather than how many coins.

I realize this method is technically traceable. However, I thought SR scrambled the coins anyway before they are sent to the seller.  If it's impossible to tell what you purchased then how can you be charged with a crime?