Topic: [UPDATE] Bypass the exchanges w/ BitInstant Pay-to-Email feature - page 2. (Read 7122 times)

As of now, emails should no longer be flagged as spam.

Thanks for all of the feedback and support!

Thats fantastic.

I informed my collegues about it. This is the tagline I used.

Checked your email? You might have or get an email worth a million dollar!

Now you can get Bitcoins in your email or send them to someone by emailing them.
You just have to hope that someone sent an email full of Bitcoins to the wrong adress...

Ofcourse you have allways been able to email Bitcoins...But now even your aunt can do so.

+1

Bump for one of the best new Bitcoin services yet!

FinCen should die and all the resource that were devoted to FinCen should be invested in catching actual murderers and scammers rather than violating the rights of normal people who dare transfer anything larger than 1 thousand dollars.

This is good news for people who don't have banks, or who prefer to avoid large exchanges due to AML and KYC privacy invasions, frozen accounts, hacking, etc, or those who find the BTC-otc verifications overly technical and daunting, people new to btc that just can't figure it all out.....just to name a few

This is one of the best things I've seen you roll out since bitinstant.

Quick note for those using this service:

Please check your spam folder for Coinapult emails. I've integrated Amazon SES, which should fix this spam issue, but our account is still pending production approval. In the meanwhile, Coinapult emails may end up in your spam folder.

We are required by US law and FinCEN regulations to not allow 1 person to transfer more then $1,000 per day

What does this mean?

I sell bad powders, get cash, take cash to bank, put in your account, get coins.

Isn't that money laundering? How can you possibly do anything about that?

Well, that's cool. Good work.

Yes, but don't forget we monitor fraud and AML 24/7

We have per-day and per-transaction limits in place for that reason, and any attempt to defraud our system will be taken seriously.

Thanks 

This is actually awesome news since it removes the need to ID yourself in order to convert your fiat to BTC.

Two thumbs up from me! 

Nice.

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UPDATE:

We've now added the PIN security verification system. This had been recommended to help offset the risks of using email to send Bitcoin, and it's now ready to go.

During your checkout, you'll select a PIN if Bitcoins are being sent to your email. In order to get those coins, you'll need this PIN, so write it down.

Once the Bitcoins are received to your email, you'll need to enter your PIN to redeem them. The PIN is passed securely from our servers to the redemption.

BTW - the Bitcoin-to-Email feature has been a huge success. In the past week alone, over 2,000 BTC has been sent from BitInstant's cash deposits to customers' email accounts.


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Good Morning!

BitInstant has fully integrated with Coinapult, so our users can now select "Bitcoin to email" as a "pay to"
destination. This means that you can now avoid the exchanges entirely!

When you select "email" as the payment destination, you no longer need to use an exchange to get
Bitcoins. Your USD funds convert automatically to Bitcoin and are sent right to your inbox instantly.
Bitcoins are purchased at MtGox, instantly at time of sale

Let's use Liberty Reserve as an example:

1) You transfer $100 Liberty Reserve to BitInstant and select "email" as the destination

2) Our system immediately buys $100 (minus fees) worth of Bitcoin and emails these coins to
you (via Coinapult)

3) You can then grab the coins and send wherever you'd like.

This can be done with all of our methods - Cash Deposits, Crypto X Change/BTC-E coupons, Dwolla,
Bitcoinica, etc.

This feature is especially valuable for those who are new to Bitcoin, as they can ignore exchanges and
bid/ask orders, etc. Just deposit cash, and get Bitcoins directly in your email! Can't get much simpler
than that Also great for anyone who is hesitant to use exchanges due to security concerns, etc.

Try it now! www.Bitinstant.com

Enjoy!