Buy bitcoin with cash deposits at most banks in the USA with Bitcoin-Brokers - page 9.

cornish_will

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Activity: 62

Merit: 10

Quote from: sayulita on August 24, 2013, 05:56:05 PM

Quote from: BitCoiner2012 on August 24, 2013, 05:54:11 PM

Quote from: sayulita on August 24, 2013, 04:55:00 PM

Guys......I have been trying to be polite and let this thing burn out on its own but that doesn't seem to be happening.

Can we keep this thread focused on Bitcoin-Brokers please?

Thanks.

Apologies, was just trying to warn people of risk involved with SEPA. I will step away. Regards.

Thanks.

Sayulita we are diascussing payments which was directly or indirectly linked to bit brokers as a payment platform

cornish_will

member

Activity: 62

Merit: 10

Quote from: ?? on ??

Quote from: bernard75 on August 24, 2013, 03:48:18 PM

SEPA is far superior to what is being used in the US and much better regulated.
1. There are no intermediary banks

Whatever

Quote

2. Each bank has 24h(weekends excluded ofc) to process your transfer, so you have your cash in 48h max(i had transfers that took 1-2h)

Sadly it's usually 3+ open business days. Never had less than a day.

Quote

3. SEPA transfers cant cost more than domestic transfers, which is usually 0 fees
etc.

True

now with fast track payments in uk most bank transfers are done in minutes not hours anymore

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: NewLiberty on August 23, 2013, 08:47:41 PM

Quote from: cornish_will on August 23, 2013, 06:39:17 PM

i guess it could be an opportunity in America Grin

i was going to start a similar service in Europe lol

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

This was never answered, SEPA discussion hijacked it.

I remain curious. Which EU banks are most interesting?

Americans have additional reporting issues if we don't just keep low balances (under 10K$US) in foreign banks, but doesn't mean we can't have deposit accounts.

For my Suisse Banking I use UBS, would any in EU want to buy coins via Bitcoin-brokers at UBS?

Or which banks with many branches do you prefer?

byte1

newbie

Activity: 45

Merit: 0

Check this out:

http://en.wikipedia.org/wiki/Hawala

BitCoiner2012

sr. member

Activity: 364

Merit: 250

Quote from: byte1 on August 25, 2013, 02:10:00 AM

This seems like a nice idea, but somewhere in there are laws that prevent money laundering and this might be an example on why you should not be doing this. As users, you are fine, but the business model is mute.

He never touches any money. Is this forum a laundry agent?

byte1

newbie

Activity: 45

Merit: 0

This seems like a nice idea, but somewhere in there are laws that prevent money laundering and this might be an example on why you should not be doing this. As users, you are fine, but the business model is mute.

sayulita

hero member

Activity: 881

Merit: 500

CyberTrade

Quote from: BitCoiner2012 on August 24, 2013, 05:54:11 PM

Quote from: sayulita on August 24, 2013, 04:55:00 PM

Guys......I have been trying to be polite and let this thing burn out on its own but that doesn't seem to be happening.

Can we keep this thread focused on Bitcoin-Brokers please?

Thanks.

Apologies, was just trying to warn people of risk involved with SEPA. I will step away. Regards.

Thanks.

BitCoiner2012

sr. member

Activity: 364

Merit: 250

Quote from: sayulita on August 24, 2013, 04:55:00 PM

Guys......I have been trying to be polite and let this thing burn out on its own but that doesn't seem to be happening.

Can we keep this thread focused on Bitcoin-Brokers please?

Thanks.

Apologies, was just trying to warn people of risk involved with SEPA. I will step away. Regards.

sayulita

hero member

Activity: 881

Merit: 500

CyberTrade

Guys......I have been trying to be polite and let this thing burn out on its own but that doesn't seem to be happening.

Can we keep this thread focused on Bitcoin-Brokers please?

Thanks.

BitCoiner2012

sr. member

Activity: 364

Merit: 250

Quote from: bernard75 on August 24, 2013, 04:33:42 PM

Quote from: BitCoiner2012 on August 24, 2013, 04:29:22 PM

Quote from: bernard75 on August 24, 2013, 04:03:54 PM

Bullshit! In that sense its just like ACH.
You would have to go a long way to have a SEPA "recalled".

Think of SEPA like an extension of ACH, its faster, cheaper, easier and better regulated.

If you say so. Take the risk at your own discretion.

Hell, if you want to send cash over the pond I'll be glad to hook you up with BTC. But you're likely not. Banksters are thieves anyway and I'd be scared to use them all that much.

LOL, you do know what SEPA means?
Single Euro Payments Area
No way of sending to the US.

And im done hijacking. Sorry OP.

I meant Euros not wanting to do bank deposits, but didn't care where their coin from. Those statements were not in tandem my friend. Calm down.

SEPA is not infallible. Again, proceed thinking that way (that is not toward you, toward anyone wanting to read or heed) at your own risk.

bernard75

legendary

Activity: 1316

Merit: 1003

Quote from: BitCoiner2012 on August 24, 2013, 04:29:22 PM

Quote from: bernard75 on August 24, 2013, 04:03:54 PM

Bullshit! In that sense its just like ACH.
You would have to go a long way to have a SEPA "recalled".

Think of SEPA like an extension of ACH, its faster, cheaper, easier and better regulated.

If you say so. Take the risk at your own discretion.

Hell, if you want to send cash over the pond I'll be glad to hook you up with BTC. But you're likely not. Banksters are thieves anyway and I'd be scared to use them all that much.

LOL, you do know what SEPA means?
Single Euro Payments Area
No way of sending to the US.

And im done hijacking. Sorry OP.

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: bernard75 on August 24, 2013, 03:48:18 PM

SEPA is far superior to what is being used in the US and much better regulated.
1. There are no intermediary banks
2. Each bank has 24h(weekends excluded ofc) to process your transfer, so you have your cash in 48h max(i had transfers that took 1-2h)
3. SEPA transfers cant cost more than domestic transfers, which is usually 0 fees
etc.

So far no real difference, except maybe the "much better regulation" so is there anything specific on why you consider that as better?

There are exceptions for DDA accounts with bad credit where they bank asks for ACH delay to be agreed, if you have such a DDA account, usually delay agreement can be dropped within months to a year depending on creditworthiness. 1-2 hours is not so uncommon with ACH either, depends on the bank and the relationship.

I like that you have pride in SEPA, but would like to learn more about why.

The bitcoin-broker service is pretty great, and I am contemplating opening up some of my EU accounts to it, but I don't think SEPA gives any specific advantage to that.

bernard75

legendary

Activity: 1316

Merit: 1003

Quote from: ?? on ??

Quote from: bernard75 on August 24, 2013, 03:48:18 PM

2. Each bank has 24h(weekends excluded ofc) to process your transfer, so you have your cash in 48h max(i had transfers that took 1-2h)

Sadly it's usually 3+ open business days. Never had less than a day.

)

But thats not SEPA, its the exchanges that cant cope/are delaying.

BitCoiner2012

sr. member

Activity: 364

Merit: 250

Quote from: bernard75 on August 24, 2013, 04:03:54 PM

Bullshit! In that sense its just like ACH.
You would have to go a long way to have a SEPA "recalled".

Think of SEPA like an extension of ACH, its faster, cheaper, easier and better regulated.

If you say so. Take the risk at your own discretion.

Hell, if you want to send cash over the pond I'll be glad to hook you up with BTC. But you're likely not. Banksters are thieves anyway and I'd be scared to use them all that much.

bernard75

legendary

Activity: 1316

Merit: 1003

Bullshit! In that sense its just like ACH.
You would have to go a long way to have a SEPA "recalled".

Think of SEPA like an extension of ACH, its faster, cheaper, easier and better regulated.

BitCoiner2012

sr. member

Activity: 364

Merit: 250

SEPA can be recalled and is therefore dangerous.

bernard75

legendary

Activity: 1316

Merit: 1003

SEPA is far superior to what is being used in the US and much better regulated.
1. There are no intermediary banks
2. Each bank has 24h(weekends excluded ofc) to process your transfer, so you have your cash in 48h max(i had transfers that took 1-2h)
3. SEPA transfers cant cost more than domestic transfers, which is usually 0 fees
etc.

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: cornish_will on August 24, 2013, 03:36:13 PM

Sepa doesn't work that way lol I believe it's am online transaction

So, pretty much just like ACH then...

cornish_will

member

Activity: 62

Merit: 10

Sepa doesn't work that way lol I believe it's am online transaction

NewLiberty

legendary

Activity: 1204

Merit: 1002

Gresham's Lawyer

Quote from: bernard75 on August 24, 2013, 01:11:31 AM

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

EU has SEPA, North America has ACH for bank to bank transfer, both also use SWIFT.

So you are saying that with SEPA you can go in to any branch of any bank and directly deposit cash into any other bank? That must be new.
If so you can buy my bitcoins by going into whatever bank you happen to be standing near and deposit cash into my UBS account and I can then immediately log in to my UBS account online and see the funds and release Bitcoin-Broker to send the escrow-ed coins to you... or does the EU SEPA work pretty much just like the US ACH with its delays and limitations?

Topic: Buy bitcoin with cash deposits at most banks in the USA with Bitcoin-Brokers - page 9. (Read 104478 times)