Topic: Best way to move fiat? I hate Dwolla. (Read 1195 times)
dwolla started to see a flood of suspected drug cartel mules and operants using their service for money transfers. It's likely US law enforcement came knocking a few times and helped educated dwolla on AML/KYC, especially after they got their venture funding. I imagine some venture fund lawyer freaked out and started demanding these rules as well to help protect their investment.
Better way to move fiat from a US bank account to an exchange??
BitFloor was a nice alternative, ... they're
Camp BX will accept a personal check, but if you thought Dwolla was slow, mailing a check will definitely take longer.
But for $500 or larger, you can use Bitcoins Direct and deposit cash at a bank (any B of A, PNC Bank, or Wells Fargo branch). You can also use funds from OKPay which you can transfer from your bank but if you didn't like Dwolla's AML/KYC I doubt OKPay's will be any different.
Here's a pretty comprehensive list of options:
- http://en.bitcoin.it/wiki/Buying_bitcoins
The answer is Dwolla.
If you are using Bitcoin for legitimate purposes, Dwolla is still your cheapest option, even with all the delays. If money is no object, I would recommend BitInstant or any of the other providers.
If you are using Bitcoin for legitimate purposes, Dwolla is still your cheapest option, even with all the delays. If money is no object, I would recommend BitInstant or any of the other providers.
I hate Dwolla. Their transfers are slow. Their support sucks. Their website is buggy. And they're asking for a truly irritating level of personal information and scanned documents all of a sudden, despite the fact that I've been using them for over a year without changing any of my financial info... Not that I have anything to hide - it's just annoying and offensive.
Better way to move fiat from a US bank account to an exchange??
Better way to move fiat from a US bank account to an exchange??
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