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Offline VoR0220

Where can I buy BitUSD with actual dollars?
« on: February 06, 2015, 02:19:12 AM »

I've looked on BTer but the exchange itself is a little confusing. Is there anywhere else where I can purchase bitUSD with actual dollars?
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Offline onceuponatime

Re: Where can I buy BitUSD with actual dollars?
« Reply #1 on: February 06, 2015, 02:23:31 AM »
I've looked on BTer but the exchange itself is a little confusing. Is there anywhere else where I can purchase bitUSD with actual dollars?

Probably for now you will have to find someone near you and do it in person.

Local meetup?

Offline jamesc

Re: Where can I buy BitUSD with actual dollars?
« Reply #2 on: February 06, 2015, 02:37:13 AM »
One day...   I'm just dreaming here... It'll be so cool to have a message format we can use in the mail system to advertise your intent to your direct friend or friends. Your friend could then be notified by their wallet when there's a match and elect to escrow the transaction automatically.  This would put you in touch directly with the other party.  Your friend would not even have to press the second button unless there was arbitration.
« Last Edit: February 06, 2015, 02:40:29 AM by jcalfee1 »

Offline Ander

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Re: Where can I buy BitUSD with actual dollars?
« Reply #3 on: February 06, 2015, 03:17:37 AM »
We are in great need for this type of onramp.  The bitshares tema has said its in the works (for months now).  We've been waiting.
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Offline toast

Re: Where can I buy BitUSD with actual dollars?
« Reply #4 on: February 06, 2015, 03:19:35 AM »
We are in great need for this type of onramp.  The bitshares tema has said its in the works (for months now).  We've been waiting.

Please qualify these kinds of statements with "pre-BP" and "post-BP". I've never seen a USD onramp plan that seems legit outside of exchanges like CCEDK or BTER
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Offline matt608

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Re: Where can I buy BitUSD with actual dollars?
« Reply #5 on: February 06, 2015, 01:21:27 PM »
A localbitusd/localbitassets/localbitshares website is needed. 

Any trusted individual within the US, such as a US based delegate, who's willing to accept wire transfer could offer to trade with you. 


Offline Xeldal

Re: Where can I buy BitUSD with actual dollars?
« Reply #7 on: February 25, 2015, 07:10:00 PM »
A localbitusd/localbitassets/localbitshares website is needed. 

Any trusted individual within the US, such as a US based delegate, who's willing to accept wire transfer could offer to trade with you.

Or, more commonly, with less risk, a simple cash deposit at a nation-wide bank.  this is the primary means at sites like Localbitcoins.

Offline merivercap

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Re: Where can I buy BitUSD with actual dollars?
« Reply #8 on: February 26, 2015, 07:37:27 AM »
A localbitusd/localbitassets/localbitshares website is needed. 

Any trusted individual within the US, such as a US based delegate, who's willing to accept wire transfer could offer to trade with you.

You can use the marketplace website Peerhub I started.  It's like Craigslist (also like Ebay/Etsy etc.)  Very easy to use and it would be great for people to buy and sell bitUSD/bitGold/bitShares there.  There's a Tech->Bitcoin category you can list in.

I just added a sample post here:
https://www.peerhub.com/items/6600-5-bitusd

Once you're logged in you can filter by 'Local' and everyone with listings within 50 miles of the city you enter will show up. 

It would be fantastic to have people here use the website for bitUSD exchanges.  The target market for the website is mainstream users (although we did add Bitcoin functionality) so this can be a great channel to introduce new people to bitUSD/bitShares especially if there is good access to buy/sell bitUSD/bitShares.  We also plan on integrating bitUSD on the platform. 

Let me know what you guys think and if you have any questions... thanks!
« Last Edit: February 27, 2015, 07:40:38 PM by merivercap »
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Offline VoR0220

Re: Where can I buy BitUSD with actual dollars?
« Reply #9 on: February 26, 2015, 07:41:41 AM »
A localbitusd/localbitassets/localbitshares website is needed. 

Any trusted individual within the US, such as a US based delegate, who's willing to accept wire transfer could offer to trade with you.

You can use the marketplace website Peerhub I started.  It's like Craigslist (also like Ebay/Etsy etc.)  Very easy to use and it would be great for people to buy and sell bitUSD/bitGold/bitShares there.  There's a Tech->Bitcoin category you can list in.

I just added a sample post here:
https://www.peerhub.com/items/6599-10-bitusd

Once you're logged in you can filter by 'Local' and everyone with listings within 50 miles of the city you enter will show up. 

It would be fantastic to have people here use the website for bitUSD exchanges.  The target market for the website is mainstream users (although we did add Bitcoin functionality) so this can be a great channel to introduce new people to bitUSD/bitShares especially if there is good access to buy/sell bitUSD/bitShares.  We also plan on integrating bitUSD on the platform. 

Let me know what you guys think and if you have any questions... thanks!

You are awesome sir!!! When my paycheck comes in, I am coming your way!
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Offline merivercap

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Re: Where can I buy BitUSD with actual dollars?
« Reply #10 on: February 26, 2015, 08:44:44 AM »
A localbitusd/localbitassets/localbitshares website is needed. 

Any trusted individual within the US, such as a US based delegate, who's willing to accept wire transfer could offer to trade with you.

You can use the marketplace website Peerhub I started.  It's like Craigslist (also like Ebay/Etsy etc.)  Very easy to use and it would be great for people to buy and sell bitUSD/bitGold/bitShares there.  There's a Tech->Bitcoin category you can list in.

I just added a sample post here:
https://www.peerhub.com/items/6599-10-bitusd

Once you're logged in you can filter by 'Local' and everyone with listings within 50 miles of the city you enter will show up. 

It would be fantastic to have people here use the website for bitUSD exchanges.  The target market for the website is mainstream users (although we did add Bitcoin functionality) so this can be a great channel to introduce new people to bitUSD/bitShares especially if there is good access to buy/sell bitUSD/bitShares.  We also plan on integrating bitUSD on the platform. 

Let me know what you guys think and if you have any questions... thanks!

You are awesome sir!!! When my paycheck comes in, I am coming your way!

Great!  Lol... hey I just set up my light wallet today and bought my first BTS a couple days ago on Poloniex so not sure I'm ready to be a full-time broker just yet.  Anyways if you're serious let me know how much you're looking for and I can probably get some bitUSD ready to sell and figure out the best way to do it if you're not local. 

BTW anyone else have BTS to sell?
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Offline VoR0220

Re: Where can I buy BitUSD with actual dollars?
« Reply #11 on: February 26, 2015, 08:46:22 AM »
I've been looking for a more "secure" way to get in the fray. You have no idea how big of a help this is :)
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Offline ubits

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Re: Where can I buy BitUSD with actual dollars?
« Reply #12 on: February 26, 2015, 12:43:46 PM »
https://www.peerhub.com/items/6600-5-bitusd

So you can meet in person to do this transaction?

Accepting Paypal is pretty risky?

Offline merivercap

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Re: Where can I buy BitUSD with actual dollars?
« Reply #13 on: February 26, 2015, 06:18:42 PM »
https://www.peerhub.com/items/6600-5-bitusd

So you can meet in person to do this transaction?

Accepting Paypal is pretty risky?

Yes.  Local in-person transactions are definitely the preferred method.  Plus it's fun meeting new people!

In general and for non-local, BTC is the best method.  If doing fiat, bank deposits/wires are probably preferred.  For large amounts an escrow is ideal.  Paypal is risky because they can suspend your account and there are chargebacks, but for small amounts/volume it's probably ok.  I think what people do at LocalBitcoins is the best practice and I hope to create a similar ecosystem with bitUSD.  I've bought & sold BTC with people I know at my local Meetup, but haven't done anything at LocalBitcoins yet so there may be other best practices to consider.  Otherwise it's good to start small and get familiar with how things work. 

I can meet people in the SF Bay Area so it would be fun to trade and meet people when bitUSD/bitShares becomes more popular here locally.
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Offline Xeldal

Re: Where can I buy BitUSD with actual dollars?
« Reply #14 on: February 26, 2015, 07:10:19 PM »
Here's a nice chart to get an idea of the different options and how they compare. https://en.bitcoin.it/wiki/Payment_methods

The biggest problem is chargebacks,  wires are fairly safe but you have to wait quite awhile for them to clear.  I've heard of a wire getting reversed even after a month.

Cash is obviously the safest but there are some things you need to keep in mind.  I've been using Localbitcoins for 2 years now and I've seen almost every scam.

Cash in person, you have to worry about your own personal safety and not getting "jacked".  Its very rare but happens so bring a friend or meet in a public place if possible.  Also the market is extremely limited when your talking about 'within 30 miles drive'... vs the entire country,  but it is always nice to meet locals.

Cash deposit at a bank is by far the most lucrative, as you can reach the most people, and quickly complete the trade from home.  Cash reversals, and man in the middle attacks, are surprisingly common so there are some steps you should take to protect yourself. 

Always require a picture of the receipt with details of the trade written on it.  like "trade between Alice and Bob for bitUSD at LocalBitSwap.com,  No Refund without ID"  something like that.   This does 2 things.  A man in the middle would have a hard time getting someone else to write strange names and website they've never heard of on the receipt.... it also gives some protection against a cash reversal with "No Refund"   ...   This isn't enough though in all cases.  If possible you will want to move the cash out of the account either into another account you control or withdraw the money.   For many banks it is possible to withdraw from an atm if the attacker has your account number name and routing number.    The routing number is public information if they know what state your in and your giving them the account number and your name for them to deposit to.   So whatever account you use make sure there is little to no extra money there.  It goes against all sense but believe it or not some Bank of America's will refund a cash deposit even the next day if the depositor has the receipt or claims fraud.

Also keep in mind that if you do a lot of volume, your account will likely get shut down with the bank.  Especially if your making purchases from coinbase or wiring to a bitcoin exchange etc. 

Damn.  I only intended to post a link and got carried away :P

 

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