1) How long should it take for coins to appear from 7-11 to Mt.Gox
2) How do I move coins from Mt.Gox to BlockChain?
3) How do I move coins from Block Chain to Silk Road? Or can I use the bits directly from Blockchain to Silk Road?
Hello,
I'm a newbie also but I can help with some of your questions.
1) I assume you are using BitInstant. I have used that service 4 times, and each time the money shows up in my MtGox by the time I drive home from wiring the money. Once the money appears in your MtGox account it helps to keep an eye on the exchange rate - some days it moves a lot in a short time. When the rate looks good, buy Bitcoins.
2) I assume you are asking how to move BTC from MtGox to your Blockchain.info wallet. That is pretty easy. Log in to your Blockchain.info wallet and go to the "Receive Money" tab to find your addresses. Chances are you only have one. Copy that address, then log into MtGox and go to the Trade area, then Funding Options, then Withdraw Funds. The default method is Bitcoins. Fill in the amount to send, and your Blockchain.info address, then press the Confirm button.
Be super sure you use your correct Blockchain.info address or your Bitcoins could be lost forever! Maybe try it with a small amount first to get the hang of it. I've had transfers take between 20 minutes and an hour.
3) I've never used Silk Road before [I usually stay off of TOR unless it is really necessary]. I do not know if they force you to transfer BTC to them before you buy stuff or if that is just done between the buyers and sellers. Either way, another site that might be useful to you is instawallet.org - it provides free and easy-to-use anonymous Bitcoin wallets. This can be a nice way to have a few addresses between you and a seller on Silk Road, since I understand they aren't selling popcorn and soda
.
Just a note of advice from a fellow BTC newbie: take transfer time into account and plan ahead. Like I said earlier I have had transfers go through in as few as 20 minutes and as long as 1 hour, so if you think you want to use an in-between wallet on instawallet.org give yourself enough time to transfer the dough.
Hope that helps,
_theJestre