Topic: Buy bitcoin with cash deposits at most banks in the USA with Bitcoin-Brokers - page 13. (Read 104466 times)

I have no idea if this can be done or not.

Remember though, the key to selling your BTC at Bitcoin-Brokers is holding an account(s) at a major bank(s).

The people who sell the most BTC have accounts at the major banks such as BofA, Wells, Chase.

There has not been one single buyer who has ever submitted a request who specifically wanted to pay at a credit union.

To be successful, the sellers need to put themselves in the position of the buyer.

The buyers want the big banks. Even in situations where a credit union might be an option...there is usually a BofA just down the road, and the buyers choose that option every single time.

Forget the idea of credit unions for now. If you want sales, you need an account at a major bank.

Yeah, you guys should look into this, I believe you can deposit cash into any Federal Credit Union account from any other Federal Credit Union, regardless of the name of the individual branch.

Are Credit Unions in usa Different to uk? where does it matter what bank etc etc the money deposited they are all connected arnt they? like in uk

i can pay someone who with lloyds through barclays???

i just looked and that credit union previously mentioned looks like has online banking too

just wondering

Thanks again

It isn't. Reliable and trustworthy thus far.

Thanks for the endorsement guys. I appreciate your business.

Its actually an extremely solid/ professional service. Ive used them many times already.

I've done over $5000 worth of transactions with Bitcoin-Brokers. So far so good.

To be honest this sounds like the same guy or group of guys connected to this business talking to each other

I am sorry but, I wouldn't want to waste your time, by having you think that there was a possibility that anybody would ever make a deposit into that credit union.

It simply has too few branches to be considered a viable option. It could be the best credit union, with the friendliest staff, but it doesn't offer what we need....branches.

If you can offer an account at a major bank such as one of the existing ones, or SunTrust or Capital One or something which has thousands of branches, then I would be happy to make adjustments on the website to reflect your bank.

I have had two sellers in the past offer bitcoin at credit unions....they never sold. I hope you understand.

Thanks.

Would you ever consider adding Schools First Federal Credit Union to your list?

PNC Bank and US Bank have now also been added as available banks.

If anybody is looking for a deposit at TD bank in the USA. This is now an offered bank. The Bitcoin-Brokers website will be updated shortly to reflect this latest bank.

I had already thought of this on my next to last bank visit, but hesitated to mention it... LOL  BTW, the branches in my area don't have the cards out at each teller like they used to. On my last visit I just noticed they have them on a rack up front. I know I've been a prime complainer about the business card thing, but I'm over it now Thanks for the help getting past that. hahah

BTW, my last transaction broke even your great record for smoothness. It's literally could not have been faster or easier! Plus the exchange rate was good. Thanks.

I'm done shopping around for bitcoin providers. You the best.

I appreciate the positive feedback.

Thanks.

Just to report back, I've had very smooth transactions as a seller so far, and I still continue to use their services. Here's a small run-down of my first transaction:
http://btcgeek.com/bitcoin-brokers-review-buying-bitcoin-anonymously-selling-bitcoin-at-a-premium/

" If ever the user base significantly increases Bitcoin-Brokers can easily run off with all the Bitcoin and sell them elsewhere. I'm not saying they
will do this but to anyone reading this be aware that it is a possibility."


The mathematics alone should tell you that this would be unwise.

Bitcoin-Brokers makes 2% on every transaction. It doesn't matter if the business does $10,000 a day or $100,000 a day, the same 2% is realized on every transaction.

Only an extremely short-sighted person would ever think that stealing would be a wise business move.

If Bitcoin-Brokers ever failed to deliver a single transaction, this thread, which is the lifeblood of the business, would be the first place a disgruntled client would come to vent. The business would be ruined.

With 2% being realized on every transaction, every 60-70 days Bitcoin-Brokers makes in profit, effectively what it holds in escrow from its clients.

On what planet would anybody in their right mind think that trashing a successful business, just so it could get its hands on what it would earn every 70 days would be a good idea?




"First off I think it is quite odd to see so many noobs suddenly risk their BTC in this new business."

I have news for you my friend, this industry is only in its infancy. We are all noobs. This industry didn't exist 10 years ago. 25 years from now, Bitcoin-Brokers and many other bitcoin related businesses will be looked at as some of the earliest adopters in this rapidly growing industry.

"First off I think it is quite odd to see so many noobs suddenly risk their BTC in this new business."

Just because someone is a noob to this forum doesn't mean they're noobs to BTC. I'm most certainly not. Been dealing with BTC for almost a year now, but then that still might make me a noob to other vets that have been around since it started.

As I'm not a seller yet, I can't argue why people would risk their BTC but I can most certainly argue why I'd risk my money to get some. As you pointed out BitInstant was a legit legal way of getting them but it has since gone down for restructuring. So what are we supposed to do? There are so many BTC scams out there that all you CAN do is RISK if you want to stay in the BTC game. I've been scammed and lost as much as about $1k in different ways trying to get BTC, but for me BTC and any type of investment is a gamble and when you gamble, you win some, you lose some. I'm well on my way to recuperating that money, but I count it as a loss like I would a bad bet.

"More than often noobs always try to research the legitimacy of a business before trying it out. Well, that at least was true for me."

Thats what these forums and others like it are for. To find the legitimate places to exchange BTC/cash. You mentioned LocalBitcoins as a legitimate way to purchase BTC but even there people have been scammed. I never use it because I've only ever found one person that trades in my area and they have a bad rep.

"I will say that if the owner(s) Bitcoin-Brokers are so sure that they aren't breaking any laws with their business then why is it that they don't provide accurate information of the owner(s) of the business?"

Anyone that trades in BTC is breaking the law any time they don't include the earnings from those trades in their taxes. Now do you HONESTLY think that most people that trade in BTC report those earnings with the anonymity of BTC? I most certainly don't believe that. Hell thats why I deal in BTC, because of the anonymity. BTCQuick is a legit site, but their transparency and procedures means you lose all anonymity.

"If ever the user base significantly increases Bitcoin-Brokers can easily run off with all the Bitcoin and sell them elsewhere. I'm not saying they will do this but to anyone reading this be aware that it is a possibility."

It's like I said before, most people that deal in BTC already know the risks they're taking, but what else can we do? Sit on our cash while the BTC economy goes up and down and miss out on all the lost opportunities because of fear of losing your money and/or BTC? Anyone that's afraid to take risks is NEVER going to make it in BTC.

Alright I have now read all pages of the thread!
First off I think it is quite odd to see so many noobs suddenly risk their BTC in this new business.
More than often noobs always try to research the legitimacy of a business before trying it out. Well, that at least was true for me.
The entire structure of the business sounds great! The process length sounds slower than BitInstant but way more profitable. On the other hand it seems
to be faster than LocalBitcoins but with about the same profit outcome. I guess the only things left to improve user base, other than everything else mentioned on the previous pages,
would be more transparency on the business owner's part. I read somewhere in the beginning of the thread that the information of the business owner is unavailable and or inaccurate.
Whether that's true or not I can't say. I will say that if the owner(s) Bitcoin-Brokers are so sure that they aren't breaking any laws with their business then why is it that they don't provide
accurate information of the owner(s) of the business? If ever the user base significantly increases Bitcoin-Brokers can easily run off with all the Bitcoin and sell them elsewhere. I'm not saying they
will do this but to anyone reading this be aware that it is a possibility.  

I am happy to announce that Citibank is now offered as a payment location for BTC.