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Topic: Buy bitcoin with cash deposits at most banks in the USA with Bitcoin-Brokers - page 2. (Read 104478 times)

newbie
Activity: 49
Merit: 0
Is there something up with the website?

I can't seem to place an order?
newbie
Activity: 13
Merit: 0
I've been using Bitcoin-Brokers for over 9 months now, he is very reliable and fast with support tickets and his customer service is excellent.  You will be very pleased, especially if you have cash to you want to get rid of! 
legendary
Activity: 4690
Merit: 1276
What is the best way to get started with this if one hasn't done it before?

(last I know of first hand...)  The guy just uses a generic ticketing system.  I was already familiar with that very ticketing service from other non-financial work.  This is, in my opinion and experiences, a very good strategy and it works well primarily because he is very much on-the-ball in managing it.  Just go there and make an account.

I've not used this service for a while because my transactions got to be fairly sizable in dollar terms.  I had trouble keeping bank accounts open when dealing strictly with Coinbase (who are, I'm sure, entirely mainstream and play ball totally with the government and banking industry.)  Having that much money come in as random cash deposits would be a recipe for disaster in my case.  For buying or selling a few thousand USD worth I highly recommend this guy's service on the basis of my experience a year ago.  (Fortunately I split my bets between BitcoinBrokers and Mt. Gox...and cleared out my BTC account at Mt. Gox before they went under thanks to the availability of this guy's service.)

legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
What is the best way to get started with this if one hasn't done it before?
hero member
Activity: 881
Merit: 500
CyberTrade
I submitted a request over 3 hours and it says "Awaiting assignment to a support agent View request history »"

I have been using bitcoin brokers for almost a year now..

Can you help me out or at least tell me why this is taking so long?

Thanks!

All open requests have been handled so far. I apologize if it has taken a little longer than you are accustomed to.

Assuming your request is ticket #5508, your ticket was replied to in just under 2 hours.

I know this is much longer than you are accustomed to, and I apologize it took this long to handle your request, but if you check, it has been replied to now.

Thanks.
newbie
Activity: 1
Merit: 0
I submitted a request over 3 hours and it says "Awaiting assignment to a support agent View request history »"

I have been using bitcoin brokers for almost a year now..

Can you help me out or at least tell me why this is taking so long?

Thanks!
newbie
Activity: 55
Merit: 0
I understand the convenience and all n wish the very best


I just wish thur was more honesty in advertising --

I pretty much get to end just to finally find out about the 12 percent Huh??



from the start I was about to pull trigger any day of week at 2 %  Huh    I knew thur was more 2 it !

two ?
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
In case folks hadn't seen it.  The Bitfinex short interest swaps are approaching 10K. 
When this happens, you can expect the whales to start buying to squeeze these shorts.
Buying ahead of a whale is always nice.
http://www.bfxdata.com/combined/btc.php

Check that middle chart, if that red line hits 10MM you can expect more whale buys.
hero member
Activity: 881
Merit: 500
CyberTrade
Do you take anything else besides bank payment?

We only accept cash payments.
sr. member
Activity: 319
Merit: 250
Do you take anything else besides bank payment?
hero member
Activity: 881
Merit: 500
CyberTrade
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
You've seen the rates on LocalBitcoin?
http://bitcoincharts.com/charts/localbtcUSD#rg30ztgSzm1g10zm2g25zv
Some are >100% markup.  12% seems like a bargain considering the service level quality.
newbie
Activity: 17
Merit: 0
OFFROADBIKER -

I am glad you have clarified the rates at BB for the the last couple of days or weeks or whatever.

Are you planning on giving daily/weekly updates to inform every new reader with up-to-date information.

If that is the case and your true intentions then I commend you for the dedication, your hard work, and the time you are planning on putting forth in this great endeavor to educate all with 100 percent facts.

The truth is your full of shit. Claims of bait and switch and hidden information. Clearly you have the whole Bitcoin Business figured out.

Oh wait you said you weren't bashing. How long have you been around checking up on the bitcoin businesses?

Clearly you haven't been around very long. The market changes at a fast pace. And while 12% might be the current rates, they certainly were not the same rates a few months ago, or last year when the business first opened. I have seen rates change throughout the industry many times in just a 6 month span.

You want to come in here spout off a couple facts about current status quo, with no back history knowledge, and then guess the intentions of the way a business is run based on your what? Expertise? Experience?

Let me end rant with two other possibilities for the reasons the rates are not posted. You claim to hide from customers. Maybe it is purposely not easily accessible to other business competitors. When you submit a ticket, you obviously were able to get the information about current rates. Nothing about that seems shady.

See the problem is when you only talk about the details that fit your personal goals by taking facts and twisting those facts to make negative claims about something without painting the full picture - well that's shady. Also could be viewed as bashing.

Your intentions are clear, trolls gonna troll, keep on trolling....
newbie
Activity: 6
Merit: 0
It's not bait-and-switch at all; he explicitly tells you there will be fees in the top post of this thread. You're asking to get exchange rate prices with zero fees. He's absolutely correct; you can only get those at the actual exchange - and even then, you will get charged fees.  I know Coinbase charges 1% or 2%; and I'm sure other exchanges do too.  If you want to buy at the actual exchange price from BB, then the seller must be selling at a negative profit - he will receive less than the exchange price once you account for the BB fee!

The per-seller profit is something that changes, well, per seller. One seller may want 10%; another may be happy with 5%; and as I said, I've bought and sold at 0% before. As others have pointed out, it's up to you to decide whether the offer available when you're looking to buy is worth it for you.

Actually, no I did not and I am not asking to get exchange rate prices with zero fees.  I expect to know the actual fees that are charged, that's all.  And now that I know I've posted the actual rate for the benefit of everybody on this thread.  The truth of the matter is that there's no range of seller prices at Bitcoin-Brokers.org.  There's one fixed price:  BTC + 10%.  After fees of 2% the final price is BTC + 12%.  No where in the top post of this thread is this important information disclosed.

You are incorrect about the seller selling at exchange price receiving a negative profit via Bitcoins-Broker.org because Bitcoins-Broker.org does not charge a fee to the seller.   Grin  Only the buyer gets charged a fee.   Grin  Any smart trader who buys low and sells high can make a handsome profit at actual exchange price.  The only kind of trader that needs to add a premium of 10% is what's called a middle man, a skimmer:  someone who has access to coin at market exchange rate, who simply buys coin and turns around and sells it to someone else for + 10% on the spot.
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
Ask Tim Draper how much over the exchange rate it paid for getting coins?   Grin
legendary
Activity: 1204
Merit: 1002
Gresham's Lawyer
I'm accustomed to paying more for better service.
Seems pretty reasonable, even a bargain considering the alternatives.
newbie
Activity: 6
Merit: 0
Hey Offroadbiker,

Would you disagree with the following statement which are the facts:

Your first ticket was submitted into the help desk at 7:49am and was responded at 7:52 am

then the 2nd, 3rd, 4th and 5th tickets came in at:

8:02 replied at 8:04

next

8:08 replied at 8:10

next

8:14 replied at 8:18

next

8:41 replied at 8:43

That is five replies to all your inquiries with an average wait time for you of under 3 minutes each.

(You want to talk price which is fine, but lets not forget the service side of this, otherwise you are bashing without showing the positive side of the service which is unfair).



You were very good at responding to a sales inquiry, and on par with what I would expect from any company.  To say I have been bashing is quite severe.  I have not engaged in unprovoked verbal abuse.  I simply was providing information that theretofore was hidden from the readers of this thread.  My answer was in response to psjw4450's question about price

Quote
Whats is you best sellers price for 7 btc.

Because the inquiry was strictly about price my answer was also limited to price -- the price is BTC + 12% -- and I commented that in my case $212.22 was too steep of commission for purchasing 3 Bitcoins.  No question that to some people the service you provide is well worth 12%.  It just so happens that I'm not one of them right now.  Perhaps in the future I will be.




sr. member
Activity: 295
Merit: 250
It's not bait-and-switch at all; he explicitly tells you there will be fees in the top post of this thread. You're asking to get exchange rate prices with zero fees. He's absolutely correct; you can only get those at the actual exchange - and even then, you will get charged fees.  I know Coinbase charges 1% or 2%; and I'm sure other exchanges do too.  If you want to buy at the actual exchange price from BB, then the seller must be selling at a negative profit - he will receive less than the exchange price once you account for the BB fee!

The per-seller profit is something that changes, well, per seller. One seller may want 10%; another may be happy with 5%; and as I said, I've bought and sold at 0% before. As others have pointed out, it's up to you to decide whether the offer available when you're looking to buy is worth it for you.
hero member
Activity: 881
Merit: 500
CyberTrade
Hey Offroadbiker,

Would you disagree with the following statement which are the facts:

Your first ticket was submitted into the help desk at 7:49am and was responded at 7:52 am

then the 2nd, 3rd, 4th and 5th tickets came in at:

8:02 replied at 8:04

next

8:08 replied at 8:10

next

8:14 replied at 8:18

next

8:41 replied at 8:43

That is five replies to all your inquiries with an average wait time for you of under 3 minutes each.

(You want to talk price which is fine, but lets not forget the service side of this, otherwise you are bashing without showing the positive side of the service which is unfair).

newbie
Activity: 6
Merit: 0
Sayulita can correct me if I'm wrong, but I believe that each seller can set their own profit target - that 10% figure. The 2% is what sayulita charges for the matchmaking. In the past, I've frequently bought and sold bitcoins at 0% profit margin, and the most I remember paying is just 1-2% on top of the BB fee. It all depends on what the seller is asking for. If you don't like the price, you can ask if there's another seller (perhaps at another bank) with a lower fee.

It's not that different from localbitcoins.com. Each seller there (or buyer!) can set their target price to whatever they like, even double the benchmark rate if they so choose.

Great points KyrosKrane, and beneficial to all of us who read this thread.  I, too, wondered whether Bitcoin-Brokers had any seller who priced at prevailing market rate and I did inquire about this.  Bitcoin-Brokers.org's response to my inquiry was quite telling:

Quote
Daniel Brown: I understand your desire to get the best rates possible when buying your bitcoin such as the rates displayed at an exchange like Bitstamp.

The only website that will sell you bitcoin for those exchange rates............................is that actual exchange.

If you want those rates, you must apply to their site. You must submit photographs of your ID to a bunch of strangers. You then need to wire transfer funds to their bank account, which costs money and takes time.Additionally, the exchanges charge another 1% transaction fee to buy the Bitcoin.

Save yourself the frustration of thinking that you are supposed to be paying those rates because you aren't. The only people who get those rates, are the people willing to jump through all those hoops I mentioned.

In Daniel Brown's own words, it's not possible to purchase Bitcoin through Bitcoin-Brokers.org at BTC + 2%, we customers are not supposed to be paying market rate unless we go to another website, an exchange.  Bitcoin-Brokers.org has a great value proposition that is suitable for certain buyers: individuals who are willing to pay 12% premium for the convenience and privacy that Bitcoin-Broker.org provides.  But to advertise BTC + 2% and then to require that individuals submit help tickets through Bitcoin-Brokers.org and receive a sales pitch revealing that there is no buyer who will sell at market rate is classic bait and switch.

From Wikipedia:  

Bait-and-switch is a form of fraud used in retail sales but also employed in other contexts. First, customers are "baited" by merchants' advertising products or services at a low price, but when customers visit the store, they discover that the advertised goods are not available, or the customers are pressured by sales people to consider similar, but higher priced items ("switching").

 Shocked
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