Topic: Buy bitcoin with cash deposits at most banks in the USA with Bitcoin-Brokers - page 10. (Read 104478 times)

Yea but don't forget Bernard the idea of a broker is to give reassurance to both buyer and seller who are doing the trading as both parties are unable to rip each other off

sorry for hijacking the topic op, but in the EU it doesnt matter, since we have sepa

At what local bank would you like to buy your coins?
Would UBS work for you, or which do you prefer?

thats is true the uk as far as i know is still unsure of where it stands on bitcoin lol

Oh I don't know.. try visiting Satoshi Dice from US IP? Try libertyreserve.com - Check up on Coinlab and Gox... US is very, very hostile toward a competitor to the dollar (how they maintain world power for the time being). The power even exists beyond the borders, because many US based banks process international transfers even if they never touch US shore, they can be and are being denied in certain cases due to Bitcoin or relation to exchanges. The US is flaunting its muscle, but it's not a winnable fight. USD will fail whether BTC exists or not, it is inevitability of fiat.

how so bitcoiner?

That's what I meant! America is becoming the land of less opportunity for BTC, not more it seems... :-(

i guess it could be an opportunity in America 

i was going to start a similar service in Europe lol

Sounds like an opportunity to me.

lol bernard i offered services in eu (dont mean sexual either lol) hahahaha

yeah, you should broaden your horizon and offer services in the eu

yea if your in america or canada lol

Sayulita delivers.

lol they must have made a bundle by now lol

So, after finding many exchanges that are under the mtgox price I finally found Bitcoin-Brokers. I tried to do as much research as possible, reddit, this forum etc. finally I took the leap of faith and it worked!! To date I've sold 47 btc with them, all have been extremely smooth transactions, I look forward to doing many more. Also I try to respond asap so buyers get their btc asap, which means repeat buyers....good for me as a seller. Some days it may only be a small transaction, some days large but either way it's money in my account, which makes me totally satisfied with Bitcoin-Brokers.  

I had to go to town today and chatted with my personal banker with whom I have a good relationship.  We had talked about Bitcoin and MSB's and such before.  Neither she nor any of her co-workers had even heard of Bitcoin which surprised me a bit, but then it is a small town.

My banker assured me that there is nothing untoward about random people dumping cash into one's account.  She did suggest that I open a different account so that I don't need to give out my account number so freely though.  I'm close to done with my current sales plan for now, but if/when I use this Bitcoin Brokers again I'll probably do that.

In total, my own experience with Bitcoin Brokers as a seller has been fantastic, and I hope that they let me back in as a seller when I wish to do another batch.  I was normally pretty prompt in noticing and taking action on sales, so hopefully the buyers of my BTC had a good experience as well.

I met with a lot of derision (sort of) when putting money into Bitcoin (and losing it) several years ago.  Everyone thought it was risky.  Well, no shit.  I did to.  I was prepared to lose it all and had confidence in my analysis about the potential so I never let my actions and the reactions of others bother me.  On my visit today the banker herself commented that whatever the case, Bitcoin bought me a pretty nice excavator.  That was my feelings as well.  In short, if you are a buyer and feel that you've done adequate due diligence and have the capacity to absorb risk and potential loss, don't be embarrassed about doing 'unusual' stuff.  We are forced into this scenario by people who want to control our own money and by extension our own lives else most of us would do things in a bit less of an unusual way.

Just FYI, Capital One has been added as a payment location.

Yes, please ... kick me out of your poxy system before it goes tits up and screws anybody stupid enough to be left using it ...

Point of potential interest:

I got an under $1K deposit from spooksville, USA on the East coast a few days ago.  Actually, it's also where Dulles Intl Airport is, and where plenty of non-spooks live as well to be fair.  But anyway...

I got a phone call from customer service at about 20:30 Pacific time with the lady asking me if I was satisfied with Wells Fargo's service related to my deposit in that location.  Somehow it did not 'feel' like an ordinary call-center type thing, but maybe I'm just paranoid.  I told the lady straight up that it wasn't me, and I sold something to someone via a broker so I have no idea who deposited the money.  But the money is in the bank so I'm happy with their service.

I went on to ask her about the legality and mentioned that everything I have found indicates that it is perfectly legal to deposit cash in someone else's account.  She said "I don' know anything about that." and more or less hung up on me.

Between this unusual cash deposit pattern and the eventual wire from Mt. Gox which I hope makes it to my account before the earth stops cooling I figure I'll be lucky to retain an account with Wells.  And if the various banks communicate, I might end up being one of the more well-to-do 'unbanked' persons around.  We'll see.  It would be hilarious if I got kicked out of the banking system just in time for the Cyprus style 'bail in' which is, from what I read, now in vogue amongst the corp/gov planners as a means of re-capitalizing Western banks when the run into trouble after rehypothecating my savings and losing it in highly leveraged derivatives bets.

Happy to hear that you were satisfied with the service.