Author

Topic: Secure way of buying bitcoins (Read 3128 times)

hero member
Activity: 698
Merit: 500
5% Bitcoin Discount - All Orders
August 27, 2013, 07:39:05 PM
#5
I am a huge fan of localbitcoins.com.

You will be able to pay in a number of ways, including cash if that's what you would prefer. Find a trustworthy seller and go wild Wink
hero member
Activity: 881
Merit: 500
CyberTrade
August 23, 2013, 12:19:55 PM
#4
Bitcoin-Brokers is set up so that you can walk into any major bank in the USA such as Bank of America, Wells Fargo, Chase, PNC, Citibank, Capital One and make a cash deposit into an account.

You do not need an account at the bank. No ID, no sign ups.

Here is a 12,000 view thread discussing the service:

https://bitcointalksearch.org/topic/buy-bitcoin-with-cash-deposits-at-most-banks-in-the-usa-with-bitcoin-brokers-237164
member
Activity: 117
Merit: 10
August 23, 2013, 12:06:26 PM
#3
I don't believe there is a way to be totally private - the best you can do is plausible deniability.

1. transfer USD to exchange
2. buy BTC
3. create (throw away) account on blockchain (with disposable email address) / or start with blank profile in bitcoin wallet application
4. transfer BTC to previously created account
5. repeat steps 3&4 many times, splitting amounts between accounts
6. create final account(s) and transfer founds onto it
7. erase all information needed for executing steps 3-5

This way there is no direct link between your money getting into exchange and final account.
The intermediate addresses could be you, but it may as well be X other people/places/organizations - plausible deniability ...

Just hope you will do something good with this - like supporting Wikileaks - and not something illegal ... right?

Actually it was more of me just knowing. I am "newer" to BTC and just figured in my head it could always be traced back to who bought it. This makes more sense to me now, thank you.
newbie
Activity: 15
Merit: 0
August 23, 2013, 07:27:10 AM
#2
I don't believe there is a way to be totally private - the best you can do is plausible deniability.

1. transfer USD to exchange
2. buy BTC
3. create (throw away) account on blockchain (with disposable email address) / or start with blank profile in bitcoin wallet application
4. transfer BTC to previously created account
5. repeat steps 3&4 many times, splitting amounts between accounts
6. create final account(s) and transfer founds onto it
7. erase all information needed for executing steps 3-5

This way there is no direct link between your money getting into exchange and final account.
The intermediate addresses could be you, but it may as well be X other people/places/organizations - plausible deniability ...

Just hope you will do something good with this - like supporting Wikileaks - and not something illegal ... right?
member
Activity: 117
Merit: 10
August 22, 2013, 01:42:55 PM
#1
What's the best exchange or most secure and private way to buy bitcoins with no trace back to you?

any tips and advice will be appreciated Cheesy
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