How can I buy bitcoins using Western Union (October 2012)?

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Western Union is a hassle and is expensive. Bitcoins Direct was accepting WU payments until just a couple days ago. In the U.S., about the last exchange to accept WU (USD) for bitcoins is:

In the EU there is an exchange that accepts WU (EUR):

There are also some others. For instance:

As far as other options, the factors relevant to providing the right advice include:

Where are you located (country)? How much are you looking to buy? What payment methods do you have available? How soon do you need access to the proceeds? Is privacy important?

Quite simply, depositing cash at a bank or 7-11, Walmart, CVS is going to be the fastest and easiest way.

Options:

Also, Bitcoins Direct will accept cash, but they have a $500 minimum order size:

Or you might find a local trade (paying cash):

The fees aren't trivial but you can use a credit card to purchase by using VirWoX where you can buy SLL using your credit card, then trade SLL for...

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Terms of trade with Pooper3

I WILL NEED THE FOLLOWING:

1) Don't wait for me to Respond to you on messages when you successfully request trade. It means i am ready to trade. PLEASE proceed to make payment. PAYMENT DETAILS ARE PROVIDED

2) I accept western union payment via anyway include online
3) Pay within 90 minutes. Do not mark as 'paid' until you actually paid
4) The buyer pays all the transaction costs.
5) Please write my name correctly! Check twice!!

6) If you use online western union, they may give the option " how does your receiver want to receive the money", you can choose " cash at agent location"

7) Mark as paid and please provide below via message
a) MTCN (tracking number)
b) Sender's full name and Country
c) Screenshot/Attachment your full receipt to me via Message.

8) After payment is 'marked complete' i will receive an sms message. I will pick the money &...

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How to buy sell Bitcoins to Western union

Bitcoin is a digital currency and it uses peer-to-peer technology. This currency is free from the control of banks and government authorities. Bitcoins Western union cannot be printed like dollars or euros. These are produced by people and businesses by using a software, which solves mathematical problems. Bitcoins can be used for purchasing things electronically.

But these are decentralized, which is the most important characteristic of this currency. Bitcoin network is not controlled by any institution. It was proposed by Satoshi Nakamoto, a software developer. He introduced this idea to create an independent currency, which is free from any central authority and transferable electronically with very low transaction fees.

Bitcoin Western union Exchange Marketplace

The local bitcoin exchange marketplace connects sellers and buyers of bitcoins locally. This marketplace provides more security to people and they...

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Buying Bitcoins with Cash

Bitcoins are the digital currency of the 21st century. They were introduced in 2009 as open source software. With the ease of internet hacking today, the pseudonymous developer Satoshi Nakamoto programmed the system with cryptography to control transfer and creation of the money. Using “peer-to-peer” technology, the currency is not controlled by banks or authoritative government allowing easier transfer of funds. Your bitcoin money is held in an online wallet, allowing ease of access to your funds.

“Bitcoin Mining” is a way to earn bitcoins. When you mine, you solve complicated math algorithms with special software that rewards you with bitcoins when completed. Many miners use multiple “rigs,” or computer setups running the special software to earn more funds. Pools are a community of miners working together that spread any funds earned out evenly. They’re a great place for a beginning miner to start his or her Bitcoin...

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For Western Union chief information officer John “David” Thompson, bitcoin represents an innovative technology that, if successful, could significantly impact the way people transact and exchange information.

Yet the path he sees to that future is fogged by regulatory and cultural challenges that are yet to be resolved.

In conversation with CoinDesk, Thompson detailed how he invested in bitcoin mining in order to learn more about nuts and bolts of the technology – a process that he continues to this day.

“I have some [KnCMiner] Neptunes – about two terahashes in bitcoin mining,” he said. “It’s done well.”

Thompson said he began mining both personally and professionally to see what the technology could do and if Western Union could potentially benefit from its implementation.

Still, while there is potential in certain applications of the technology, he said, it remains to be seen whether bitcoin moves past being what he called “a solution looking...

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Q. How do I buy bitcoin with Western Union ?

Find a Western Union Location near you. http://locations.westernunion.com/
Get payment details from the seller and go deposit CASH only to the Western Union Office. No Transfers or debit allowed.
Save the receipt and upload it to the trade. Give the seller your MTCN number and other details.
Click Payment complete and wait.

Q. How can I add my advice and tips

If you would like to contribute to the knowledge base for a payment method then please type any advice you have for the payment method in the form or comments. We will add it to the page for the method and credit you by your username. Expect to see your profile and offers captured by many search...

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Recently, in an interview with Bloomberg TV, Western Union CEO Hikmet Ersek had something interesting to say about Bitcoin and how he feels about the future of this popular digital currency. According to Ersek the company is more than willing to start using Bitcoin as soon as the virtual currency is fully regulated.

Ersek added that he believes Western Union, a world leader in money remittances, would certainly look into adopting Bitcoin if customers demand it, but as of right now the problem is certainly the lack of regulation. In the interview Ersek added, “But on the Bitcoin, you know we settle and pay out in 121 currencies. Once Bitcoin should be regulated, by the regulator which should be a proper currency, why not we should also use Bitcoin. It’s not regulated as a currency and that’s the issue with Bitcoin.”

Many in the Bitcoin mining industry consider that regulation is a strong possibility. Bitcoin has already has proven that money is capable of being moved...

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The list below shows exchangers sorted by the rate of exchanging Western Union USD to Bitcoin. The exchanger with the best rates is at the top of the list, exchangers with worse rates are listed below it. Choose the exchanger with the rate you need and click it to go to the site and exchange the money.

The the first-time visitors of our exchanger monitoring are urged to check-out the video demonstrating all exciting features of our service.

All exchangers specified in the list provide the service of exchanging Western Union USD to Bitcoin automatically. You can use our instructions in the FAQ section if you have never exchanged electronic money at our site before and you come across any difficulties with the exchange process.

Keep in mind that change rates WU Bitcoin can be better when you go to an exchange site from the BestChange.com monitor than when you visit exchangers in a regular way.

If you cannot find how to exchange the money after you go to...

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No one knows for sure whether Bitcoin is a currency or a means of transferring funds.

In his new note on Bitcoin, Bank of America Merrill Lynch currency analyst David Woo buys into the argument from Bitcoin evangelists that the digital currency can be both.

And in discussing its value as a means for wiring money, Woo goes big.

Some background: When discussing Bitcoin's potential value, people often use the example of a migrant worker in the U.S. using Bitcoin as an alternative means to send remittances home. There are no known examples of this happening yet — as with many things bitcoin, this is pure speculation — but it's technically possible.

There is also speculation that this use is one of the reasons for bitcoin's extreme growth in China, since the country's capital controls make it difficult to perform transactions overseas using yuan.

So Woo draws up a very bullish comparison between bitcoin and Western Union,...

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Bitcoin

Ultimate guide to Bitcoin

Bitcoin Trading – The Ultimate Guide

Written by: David Waring

Detailed explanation of bitcoin and how it is traded

5 / 5 stars

At the time when this guide was written, January 2014, the price of one bitcoin stood at $913, down slightly after reaching an all-time high of over $1,200 earlier in December. The new cryptocurrency came a long way from trading below $4 just two years ago. Major online and offline retailers are starting to add the new currency as a payment method. But what exactly is bitcoin?

According to a recent Bloomberg poll, only 42 percent of Americans correctly identified bitcoin as a virtual currency. Six percent thought it was an iPhone app.

Bitcoin is a peer-to-peer digital currency launched in 2009 by ‘’Satoshi Nakamoto’’. Satoshi worked on the project alone for 2 years before releasing the code to the public. He disappeared shortly after creating the...

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10 steps to buy, sell and spend bitcoins

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Bitcoin is dead. Long live bitcoin.

The controversial cryptocurrency, which exploded into public consciousness more than a year ago, is either on the verge of death or poised to go mainstream, depending on who’s doing the talking.

Bankrate wanted to dig into what bitcoin is and how it works.

Using a couple hundred bucks, I bought, sold and owned less than a quarter of one bitcoin. My goal was to see how easy it was to deal in a virtual currency, how much of my personal information I would have to share and what kinds of fees I would have to pay.

What I found: Bitcoin is far from being practical or easy to use for the everyday consumer, but it’s also not a shady, anonymous industry as some have described it.

Set up a bitcoin wallet

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My first stop was Coinbase, a platform for buying and selling bitcoin. It’s backed by several big names in...

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SLNEWSER has published a story

Dark Business for Helloween at Podex

. Take your time to read it – Bixyl Shuftan at his best!

"It was a late October day at the Podex Exchange. The employees talked a little about Burn2 at the month’s begining, but most of the conversation was about Halloween. The tellers and clients chatted about the various haunted places across the Grid, various scary games, plus the abundance of Halloween parties and all of those spooky costumes. It was turning dusk, and getting close to closing time when a dark figure walked in. He was dressed all in black, and resembled a humanoid bat, covered in thin black fur and with huge wings folded on his back. After a couple moments of looking around, he walked up to one of the...

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