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Ask HN: Cash for Bitcoin. London Deliveries.

4 points by BitCoinWarrior 13 years ago · 5 comments · 1 min read


Getting access to my first Bitcoins were a pain in the ass. I didn't want to link my bank account to an exchange and I couldn't find one which accepted paypal or credit cards.

I would have preferred to pay someone cash but couldn't find anyone.

I'm thinking about using my motorbike to become a roving BitCoin for Cash Exchange.

Ping me through my app, I'll be with you anywhere in London within 30 mins. Give me cash and I'll transfer you BTC's immediately.

Good idea what do you think?

3pt14159 13 years ago

I've had this idea many times. I actually bought my bitcoins in person with cash. I'll tell you what the experience is like:

First I waited at a subway station. He was 10 mins late, so I was constantly looking around for him, looking fairly suspicious. Once he arrived, I immediately knew it was him. Ever seen a hard core crypto anarchist in real life? Yeah, long hair, dark clothes, amazingly friendly, super intelligent, totally has a file over at Mosad, CIA, CSIS, etc.

Did the cash exchange, but it was awkward. Do I give him the cash first? What if he runs away? Same with the transaction. Oh and my block chain was out of date and updating it on Starbuck wifi took forever.

In the end it worked out and we went for beers afterwards. He was a really interesting guy. I think the main problem is that either side could rob/rip off the other side. But I think it could work, and it is one of the few way to stay anonymous.

The other way is to get a lawyer friend of yours to walk into a bank and send a wire to a Ukrainian bank account. That way even if they look at the security tapes you are covered.

  • BitCoinWarriorOP 13 years ago

    thanks for your thoughts. i wasn't that worried about my bitcoin purchase being on record more that i wanted some immediately and didn't want to wait 3/4 days for bank payment to clear etc etc.

negrit 13 years ago

Is the bitcoin market big enough in london to make it a sustainable business ?

  • BitCoinWarriorOP 13 years ago

    not sure about now. but it's only going to get bigger and getting your hands on bitcoins is a huge pain

ig1 13 years ago

So you essentially want to run an anonymous money laundering service ?

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