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Topic: [SOLVED]Bitcoins are going no where I am frustrated with BTC (Read 5225 times)

sr. member
Activity: 294
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
1) Register with bitsimple

2) send a wire transfer from your bank account to your bitsimple account per bitsimple's instructions
     -have bitsimple's official SC office address and phone number on hand, as some banks may ask for that information for the wire transfer
     -know the reason for the wire transfer, as some banks will ask you to inform them of the reason for the wire transfer, "Purchase order" or something similar should suffice

3) have real bitcoins in your wallet without ACH transfers or linking your bank account in a manner that would give bitsimple authority to withdraw funds


There are other options, as well, but assuming the OP isn't trolling, he needs to assume at least some risk. C'est la vie.

Omg that seems simple and much more secure. Thank you! for the explanation of a safer way to deal with Banks > BTC.

That's awesome.

I will definitely use bitcoins once like newegg accepts them. That's simple as hell.

Edit:
And donations!

I'll try to get some to bitcointalk forums.

Edit2:

It was just the matter of me learning a little bit, and it's hard to learn on my own. Thank you all.

As always there is always a solution for any problems we face ..Glad that you figured it out thanks
hero member
Activity: 672
Merit: 500
How the hell is the OP a Hero member on Bitcointalk and doesn't know how exchanges work?   Shocked

+1 goof god !  Cheesy
hero member
Activity: 770
Merit: 502
I'm sorry but, this was very painful to read!

Apologize for that, I have a hard time understanding and get frustrated very easily and fast.
full member
Activity: 175
Merit: 100
I'm sorry but, this was very painful to read!
hero member
Activity: 770
Merit: 502
Now just waiting for verifications bitsimple > paypal. Then I think I need to verify paypal to my bank account, correct? for Bitsimple to be verified to paypal?

I'm glad you figured it out. Just for future reference, the only reason myself and others joked around a little was the over-the-top way you presented your statement (hidden question). If you had simply asked I can guarantee you would have been helped more directly Smiley

Good luck!

Thanks man! I get out of hand and get so frustrated I know of no other way i guess. I'm weird.

But as the ? still remains does paypal have to be verified through bank account or any other means for bitsimple to be verified through paypal?

It does not. Just bitsimple>paypal is suffice. I'm verified there n all now.
hero member
Activity: 770
Merit: 502
Now just waiting for verifications bitsimple > paypal. Then I think I need to verify paypal to my bank account, correct? for Bitsimple to be verified to paypal?

I'm glad you figured it out. Just for future reference, the only reason myself and others joked around a little was the over-the-top way you presented your statement (hidden question). If you had simply asked I can guarantee you would have been helped more directly Smiley

Good luck!

Thanks man! I get out of hand and get so frustrated I know of no other way i guess. I'm weird.

But as the ? still remains does paypal have to be verified through bank account or any other means for bitsimple to be verified through paypal?
legendary
Activity: 2324
Merit: 1125
Now just waiting for verifications bitsimple > paypal. Then I think I need to verify paypal to my bank account, correct? for Bitsimple to be verified to paypal?

I'm glad you figured it out. Just for future reference, the only reason myself and others joked around a little was the over-the-top way you presented your statement (hidden question). If you had simply asked I can guarantee you would have been helped more directly Smiley

Good luck!
hero member
Activity: 770
Merit: 502
Now just waiting for verifications bitsimple > paypal. Then I think I need to verify paypal to my bank account, correct? for Bitsimple to be verified to paypal?
hero member
Activity: 770
Merit: 502
1) Register with bitsimple

2) send a wire transfer from your bank account to your bitsimple account per bitsimple's instructions
     -have bitsimple's official SC office address and phone number on hand, as some banks may ask for that information for the wire transfer
     -know the reason for the wire transfer, as some banks will ask you to inform them of the reason for the wire transfer, "Purchase order" or something similar should suffice

3) have real bitcoins in your wallet without ACH transfers or linking your bank account in a manner that would give bitsimple authority to withdraw funds


There are other options, as well, but assuming the OP isn't trolling, he needs to assume at least some risk. C'est la vie.

Omg that seems simple and much more secure. Thank you! for the explanation of a safer way to deal with Banks > BTC.

That's awesome.

I will definitely use bitcoins once like newegg accepts them. That's simple as hell.

Edit:
And donations!

I'll try to get some to bitcointalk forums.

Edit2:

It was just the matter of me learning a little bit, and it's hard to learn on my own. Thank you all.
sr. member
Activity: 392
Merit: 251
1) Register with bitsimple

2) send a wire transfer from your bank account to your bitsimple account per bitsimple's instructions
     -have bitsimple's official SC office address and phone number on hand, as some banks may ask for that information for the wire transfer
     -know the reason for the wire transfer, as some banks will ask you to inform them of the reason for the wire transfer, "Purchase order" or something similar should suffice

3) have real bitcoins in your wallet without ACH transfers or linking your bank account in a manner that would give bitsimple authority to withdraw funds


There are other options, as well, but assuming the OP isn't trolling, he needs to assume at least some risk. C'est la vie.
hero member
Activity: 770
Merit: 502
I came up with a thought. Make a secondary separate bank account? And have that strictly for BTC transfers "exchanges" and only keep limited amount of like say, 20 bucks in there. Only deposit in when you need to transfer.

^
Is this a great way to stay secure and not link them to your main bank account.

Edit:
This is probably the best solution I am guessing.
legendary
Activity: 910
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
Whenever I've set one up on my bank account or my credit card I've had to sign a form, or agree to an online form saying I agree for them to take out what ever amount and what ever frequency; however I am 100% certain they *could* take out as much as they like, as you said - but its theft. They wouldn't be able to umm and errr about it, its theft. and not fairy world bitcoin theft, its actual theft theft where your bank would probably get invovled and help you.

Paypal uses direct debit to take money out of your bank account if you want it to..

its a bit of a tricky question.. on the one hand I wouldn't feel comfortable letting some of these bitcoin "companies" to direct debit my account but on the other hand if anything did go missing it would be alot easier to charge files against/dispute/get back $$ than bitcoin would be.

anyways if your gut instinct is to not use it, dont use it..

I had some good sleep, I am now unfrustrated and feel fresh.

hmm are they even allowed to do that on a direct debit ?
though the initial authorization is for X-$ and Y-years/months


Talked to a family member again just now about direct debit. Their opinion was, they don't think that's safe either. Think about it "direct debit" they have access to your debit info once you submit. Unless someone can clarify how it is safe and they cannot charge the card when ever they feel like it.

Can this still happen? "be able to pull money out of my account without my permission, and empty me out."

Not if you use Bitsimple or Coinbase.

Yea i'll pass on the bank thing, if one can do it, any others can.

And now btc is going no where.

I tend to agree. There is still no easy way to do it at the moment.

Yup it's true atm btc is very hard and to trust someone you don't know with bank accounts, it is very unsafe. It's different if you're walmart, unless they get a security breach like target.
hero member
Activity: 770
Merit: 502
I had some good sleep, I am now unfrustrated and feel fresh.

hmm are they even allowed to do that on a direct debit ?
though the initial authorization is for X-$ and Y-years/months


Talked to a family member again just now about direct debit. Their opinion was, they don't think that's safe either. Think about it "direct debit" they have access to your debit info once you submit. Unless someone can clarify how it is safe and they cannot charge the card when ever they feel like it.

Can this still happen? "be able to pull money out of my account without my permission, and empty me out."

Not if you use Bitsimple or Coinbase.

Yea i'll pass on the bank thing, if one can do it, any others can.

And now btc is going no where.

I tend to agree. There is still no easy way to do it at the moment.

Yup it's true atm btc is very hard and to trust someone you don't know with bank accounts, it is very unsafe. It's different if you're walmart, unless they get a security breach like target.
newbie
Activity: 5
Merit: 0
Can this still happen? "be able to pull money out of my account without my permission, and empty me out."

Not if you use Bitsimple or Coinbase.

Yea i'll pass on the bank thing, if one can do it, any others can.

And now btc is going no where.

I tend to agree. There is still no easy way to do it at the moment.
legendary
Activity: 910
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
hmm are they even allowed to do that on a direct debit ?
though the initial authorization is for X-$ and Y-years/months

lol i think he is talking about a 'direct debit'
i.e they pull money out of your bank account.. after you verify/sign it in some way at the start.

but yeah you are right.. in theory they could rob you blind.
as could any company who does it.

i have direct debit with my car insurance, health insurance etc etc.. you kind of need to trust the company won't do that.


DONT TRUST MERCURY INSURANCE they upped my rates with no notification and refuse to cancel direct payments without a faxed letter - who uses FAX machines anymore???  what is this, 1994?
legendary
Activity: 2100
Merit: 1040
A Great Time to Start Something!
....
And now btc is going no where.

You must be right, if you say that enough times...
legendary
Activity: 1456
Merit: 1018
HoneybadgerOfMoney.com Weed4bitcoin.com
lol i think he is talking about a 'direct debit'
i.e they pull money out of your bank account.. after you verify/sign it in some way at the start.

but yeah you are right.. in theory they could rob you blind.
as could any company who does it.

i have direct debit with my car insurance, health insurance etc etc.. you kind of need to trust the company won't do that.


DONT TRUST MERCURY INSURANCE they upped my rates with no notification and refuse to cancel direct payments without a faxed letter - who uses FAX machines anymore???  what is this, 1994?
sr. member
Activity: 364
Merit: 250
Like others have said Coinbase and Bitsimple are easy, safe, legal options.
legendary
Activity: 910
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
lol i think he is talking about a 'direct debit'
i.e they pull money out of your bank account.. after you verify/sign it in some way at the start.

but yeah you are right.. in theory they could rob you blind.
as could any company who does it.

i have direct debit with my car insurance, health insurance etc etc.. you kind of need to trust the company won't do that.
hero member
Activity: 770
Merit: 502
Can this still happen? "be able to pull money out of my account without my permission, and empty me out."

Not if you use Bitsimple or Coinbase.

Yea i'll pass on the bank thing, if one can do it, any others can.

And now btc is going no where.
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