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Old 01-11-2017
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elmo elmo is offline
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Default Re: Guide / Tutorial: Buying Bitcoin & Cashing out Bitcoin Anonymously

Originally Posted by Play View Post
Some of the statements you've made in this thread seem very incorrect. I speak solely from a UK point of view - if your topic pertains to the US I think you should make it clear.

Do you have a credible source to backup this statement? From what I am aware is that banks cannot automatically reverse a transfer because it would allow anyone who had bought something to haul back the payment after receiving their goods.

In some cases a process to reverse funds can be initiated if the sender reports they've accidentally sent it to the wrong account, but even then it's down to the receipient if they wish to refund or resist - the latter would lead to further investigation.

So I dont quite get where your getting this 15 minute window from?

Most vendors accepting Bitcoin won't release product/service until 6 confirmations take place. Each confirmation takes roughly 10 minutes. So I think that's what is causing the 1 hour wait.

Out of curiosity what do you do during this one hour? Seems very counter productive. I can't imagine a world where we had to wait around for an hour each time we made a payment somewhere lol





Like I said, I have more experience with this than you guys. Lets keep this thread on topic. It's meant to help guide people into purchasing/trading Bitcoins anonymously.

Aspkin Group

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