Topic: Western Union for Bitcoins (Read 3193 times)
If you use -otc then you can use the WoT to make sure you are sending to someone with a good rep.
Western Union is the Bitcoin of USD, you send money to someone's number and they can pick it up in France or Nigeria with no accountability, and you can't get it back if you are scammed. For receiving it's better than receiving reversible bank/PayPal/(Dwolla) payments because of no chargebacks, but for sending, you could be sending your money to a Nigerian prince who will send you back nothing. It is like sending cash in an envelope, but with no clue who is receiving it.
Who should "go first" in such a scenario?
This would be good opportunity for a (trustworthy?) escrow service if you don't know the other party. The escrow service receives the Western Union cash and the Bitcoins, and only forwards them if both are paid. If the service is trustworthy enough for you to send Bitcoins to it, they might as well simplify the service - just buy your Bitcoins and send the WU themselves though (like an exchange with WU withdraw does).
Who should "go first" in such a scenario?
This would be good opportunity for a (trustworthy?) escrow service if you don't know the other party. The escrow service receives the Western Union cash and the Bitcoins, and only forwards them if both are paid. If the service is trustworthy enough for you to send Bitcoins to it, they might as well simplify the service - just buy your Bitcoins and send the WU themselves though (like an exchange with WU withdraw does).
We normally buy Bitcoins by other methods (PayPal, Dwolla, VISA giftcards, and MoneyPaks) but we are willing to look at WU.
I would recommend you sell to someone with significant rep. PM us with the amount and country and we will give you a custom quote. If it becomes popular enough we will look into making it a standard payout option.
I would recommend you sell to someone with significant rep. PM us with the amount and country and we will give you a custom quote. If it becomes popular enough we will look into making it a standard payout option.
Can someone send me western union in exchange for bitcoins?
Get-Bitcoin is another exchange that cashes out bitcoins to Western Union.
- http://en.bitcoin.it/wiki/Selling_bitcoins
Ok thanks, just to clarify I need to send it abroad. Thanks!
Quickbitcoins.net can do it (disclaimer: I'm not affiliated with the site in any way) and ExchangeZone.com may have some deals up (if not for bitcoins, cash out into LR then exchange LR for WU).
Can someone send me western union in exchange for bitcoins?
Jump to: