Author

Topic: For Beginners: blockchain.info and trucoin.com (Read 2510 times)

newbie
Activity: 38
Merit: 0
Thanks for sharing that with us!

I don't like online wallets like blockchain or others (i prefer to have everything on the QT or Multibit) but could be useful for someone  Wink
legendary
Activity: 1456
Merit: 1000
ALWAYS use 2 factor authentication when possible.

Trucoin is a little high on percent, but then again it cost's a ton to exchange btc to cash legally and comply to US laws (ie not considered money laundering in US).  Coinbase is a better option in my opion they are lower percent and also follow the know your customer and other laws.

There is always localbitcoin aswell just be careful on making sure to find someone trusted.
sr. member
Activity: 479
Merit: 500
blockchain.info is realy safe Huh

well, safe in what sense? an online wallet is inherently less safe than other forms of storage. but a blockchain.info wallet is much safer than a 3rd party wallet, like Coinbase, where you don't control your private keys...

In contrast, blockchain.info wallet is not as safe as an offline wallet as your bitcoin will be gone if you are using an unsafe computer and without 2FA. Smiley

sure. but a hot wallet has its place -- you need a wallet that connects to the internet for day-to-day spending, etc. only keep what is necessary in there. Wink
hero member
Activity: 561
Merit: 500
blockchain.info is realy safe Huh

well, safe in what sense? an online wallet is inherently less safe than other forms of storage. but a blockchain.info wallet is much safer than a 3rd party wallet, like Coinbase, where you don't control your private keys...

In contrast, blockchain.info wallet is not as safe as an offline wallet as your bitcoin will be gone if you are using an unsafe computer and without 2FA. Smiley
sr. member
Activity: 479
Merit: 500
blockchain.info is realy safe Huh

well, safe in what sense? an online wallet is inherently less safe than other forms of storage. but a blockchain.info wallet is much safer than a 3rd party wallet, like Coinbase, where you don't control your private keys...
hero member
Activity: 784
Merit: 502
blockchain.info is realy safe Huh
legendary
Activity: 3374
Merit: 1824
...

I have now used trucoin.com's service to buy BTC with a credit card.  They have only been offering this service for a few days now, and it is limited to just eight states now (although they promise service to many more soon).

Step-by-step instructions for opening a wallet at blockchain.info and using trucoin.com's service are detailed below:

http://goo.gl/zllrtT

Very interesting info, thank you for sharing with us Smiley
Do you know if they will offer their service worldwide?
In other countries?


legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
...

Yes, trucoin charges 5%.  They also charged me $3.00 as a one-time set up fee.

Still, where I am there are very few people around who will exchange BTC for my cash.  5% is quite reasonable for me.

Do you not have a bank account? If so, Coinbase only charges 1% i think. You can just deposit your cash in a checking account and then use coinbase
legendary
Activity: 2940
Merit: 1865
...

Yes, trucoin charges 5%.  They also charged me $3.00 as a one-time set up fee.

Still, where I am there are very few people around who will exchange BTC for my cash.  5% is quite reasonable for me.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
doesn't trucoin have huge fees? something like 5% fee + another mark-up (i think it was like 2% mark-up over exchange price)? seems like a pretty big haircut. not as bad as virwox i guess.

Yeah, I guess that kind of defeats the purpose of BTC if your sole purpose is low transaction fees.   If that is not your goal, then 5% is not too much to pay for the ability to use a credit card.
sr. member
Activity: 479
Merit: 500
doesn't trucoin have huge fees? something like 5% fee + another mark-up (i think it was like 2% mark-up over exchange price)? seems like a pretty big haircut. not as bad as virwox i guess.
legendary
Activity: 2940
Merit: 1865
...

I have now used trucoin.com's service to buy BTC with a credit card.  They have only been offering this service for a few days now, and it is limited to just eight states now (although they promise service to many more soon).

Step-by-step instructions for opening a wallet at blockchain.info and using trucoin.com's service are detailed below:

http://goo.gl/zllrtT
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