Cash Deposit Requirements

[vc_row][vc_column][vc_column_text]These are the banks we have available for cash deposit. Click on their name to find locations near you.

Credit Unions (more than 5000 locations nationwide)

Key Bank

Woodforest Bank (evening and Saturday/Sunday hours)[/vc_column_text][vc_column_text]Rate based on amount of deposit (cash only)

  • $200 to $499 = 15% markup
  • $500 to $1499 = 10% markup
  • $1500 to $3000 = 8% markup

For repeat clients:

  • After 3 trades with no issues (late, canceling, rescheduling, asking to change rate, ect) receive a rate 1% lower than shown.
  • Buy weekly and on your 3rd week with no issues receive a 2% discount on published rates

We work hard to insure that we have a reliable and anonymous supply of bitcoin for our clients. When deals are canceled our changed, this disrupts our planning resulting in higher costs for all. Buyers with issues will lose earned lower rates. Discounts cannot be combined.[/vc_column_text][vc_text_separator title=”Terms and Conditions of the Trade”][vc_column_text]With cash deposits we take extra steps to prevent money laundering and scams. Please read and understand all of the information below before starting a cash deposit trade.

If you are not comfortable with ANY of the terms below DO NOT START A TRADE.

Failure to adhere to the directions provided may result in delays, payment rejection, or ultimately trade cancellation. No exceptions will be made to accommodate a buyer who does not read the instructions fully in advance and follow them precisely.

Any trader that breaks these terms agrees that the trading website (Craigslist, Localbitcoins, Bitwallet, ect) may release all records and account information to us. They further agree that these records may be used in any criminal or civil actions.[/vc_column_text][vc_column_text]We offer several different banking locations to make deposits. Contact us for a current list of banks.

You can also find banks we partner with at www.co-opcreditunions.org/locator/[/vc_column_text][vc_text_separator title=”What you need”][vc_column_text]To start a cash deposit trade you need ALL of the following

  • US dollars (no checks or money orders)
  • a registered US mobile phone or land line (no VOIP, Google Voice or burner phone numbers)
  • a pen
  • a digital camera

[/vc_column_text][vc_text_separator title=”Payment Instructions”][vc_column_text]PAYMENT INSTRUCTIONS
If proof provided by buyer does not meet ALL of the guidelines, it will not be accepted and trade will be refused. Under no circumstances will bitcoins held in escrow be released before the required proof has been provided.

  1. First time depositors with me must be verified once. This is as easy as calling 844-Bank-BTC from a registered landline or mobile phone.
    NO VOIP, burner app or Google Voice numberss allowed.
  2. Take cash and deposit it at the location we agreed to
  3. Deposit CASH ONLY. Please make it an odd amount if you are buying $100 or $200 because those are very common amounts. So instead of $100, buy $100.03, or $100.11 etc.
  4. On the receipt that shows cash deposit, write “Call 844-Bank-BTC”.  This must be written exactly
  5. Email or text a clear picture of the receipt with “Call 844-Bank-BTC” and the teller’s business card together
  6. I will call the bank and confirm that only cash was deposited, then release

[/vc_column_text][vc_text_separator title=”Trade Refusal”][vc_column_text]

Buyer’s payment will be refused if any of the following conditions apply:

  1. Buyer does not make deposit within 60 minutes of receiving account information
  2. Buyer pays or asks to pay with any method other than cash
  3. Buyer asks to change the terms.
  4. Buyer asks to negotiate a different price
  5. Buyer asks to change the amount of the trade
  6. The buyer does not submit proof of payment which complies with the requirements
  7. If the seller’s advertised exchange rate for the trade listing changes by 3% or more before the buyer is able to complete payment. A buyer whose trade is declined due to a significant price movement will be welcome to open a new trade request at the current listed price.

[/vc_column_text][vc_text_separator title=”Fraud Prevention”][vc_column_text]Anyone doing any of the following will be suspected in an attempt to engage in fraud. They may receive negative feedback, be permanently blocked from opening future trades, and be reported to the administrators of trading sites.

  1. Anyone starting a trade and using a 3rd party to make a deposit (including, sending a friend or family member).
  2. Submitting as proof of payment a photo that has been digitally altered, cropped or edited in anyway.
  3. Stating payment is complete before sending proof of payment is accepted
  4. Any buyer who attempts to negotiate or change the terms of the trade, the price or the limits.
  5. Submitting multiple trades at once
  6. After starting a trade, not responding to trade messages in a timely manner (20 minutes or less)

[/vc_column_text][vc_text_separator title=”Trade Cancellations and Refunds”][vc_column_text]If seller requests that buyer cancel the trade request for any reason, the buyer must do so. If the buyer does not do so within 1 hour, a dispute will be opened and they will be blocked. The buyer will also be reported to other traders/websites.

If a buyer has already made payment and the trade has been canceled without any BTC being released and no fraud has been attempted the buyer will be eligible for a refund.

21 days after payment has cleared we will mail a check to the buyer’s physical address (no PO boxes, business addresses or non-physical addresses).[/vc_column_text][vc_text_separator title=”Trade Limits”][vc_column_text]The following limits and conditions apply

  • New buyers (less than 6 months account history) will be limited in purchases of $500 or smaller.
  • Established buyers (6+ months of history, 50+BTC traded and positive feedback of 98% or higher) are welcome to buy up to $1000.00 in bitcoins during any calendar day across all payment methods.
  • No buyer will be permitted to complete an exchange which would place the buyer over this daily limit.
  • All buyers are subject to a weekly limits based on transaction history and other factors

[/vc_column_text][vc_text_separator title=”Feedback/Ratings/Reviews”][vc_column_text]Buyer agrees to these terms and acknowledges that if he leaves any negative feedback it would be for the purpose of committing fraud and his/her trading account should be deleted for committing fraud.

  • You agree that if a trade is completed in under an hour from the time payment is submitted and you receive the amount of coin specified in the trade, you will leave positive feedback/ratings.
  • You agree that if the trade takes longer than specified you will leave positive or neutral feedback
  • If a trade is not completed you agree that feedback is not valid and you will not leave any negative feedback.
  • You agree that if you leave any feedback that includes foul language, threats, hate speech or any attempt to harm the seller’s business/reputation your account will be deleted and the feedback removed.

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][pricing_box currency_symbol=”%” symbol_position=”after” frequency=”” title=”Available 8am-1pm Mon-Fri” price=”10″ list=”$100 – $2999
Money orders +2%
No ID required”][pricing_box currency_symbol=”%” symbol_position=”after” frequency=”” title=”Available 8am-1pm Mon-Fri” price=”9″ list=”$3000 – $5999
Money orders +2%
No ID required”][pricing_box currency_symbol=”%” symbol_position=”after” frequency=”” title=”Available 8am-1pm Mon-Fri” price=”8″ list=”$6000 – $8999
Money orders +2%
No ID required”][pricing_box currency_symbol=”%” symbol_position=”after” frequency=”” title=”Available 8am-1pm Mon-Fri” price=”6″ list=”$9000+
Money orders +2%
State issued Photo ID required”][/vc_column][/vc_row]