About the Intrade Bitcoin Transaction eXchange
What is Bitcoin Tx?
We are a service that exchanges your bitcoins for Intrade USD Credit so that you can make a deposit into your Intrade account using bitcoins.
We also process withdraw transactions from Intrade USD into bitcoins so that you can withdraw USD from your Intrade account and receive bitcoins.
You can contact us at intrade (at) tormail.org or through PM on the Intrade forum.
Intrade is the world's leading prediction market. At http://intrade.com you can bet on things like who is going to be the next president of the United States.
Bitcoin eXchange Rate
The eXchange rate will be based on the middle range of the top 5 BTC/USD eXchanges.
Exchange rates can be found at: http://bitcoincharts.com/markets/
The current deposit fee structure is:
15% less than $100
7% over $500
Ask about withdraw transaction fees for eXchanging your Intrade USD for bitcoins.
How does it work?
First you need to have some bitcoins. The fastest way to get them is from https://www.bitinstant.com/ or you can buy them on an exchange like https://mtgox.com
To make a deposit transaction send me a PM or email with the amount of bitcoin or USD that you want to deposit, the name on your Intrade account and your Intrade account #.
I will email you back with the fee %, the estimated transaction time and a bitcoin address.
Then you send the bitcoins to that bitcoin address within one day.
Once I receive the bitcoins and the funds are available, a request is made to Intrade for a customer-to-customer transfer.
When Intrade processes the customer-to-customer transfer the process is complete.
You may use an escrow service such as http://btcrow.com or http://thrucoin.com as long as you are willing to pay the escrow fee.
Most transactions are completed within 24-48 hours on weekdays. Some transactions could take 3-5 days to be completed.
We do everything we can to protect the privacy of your transaction and never give your information to anyone. We also take precautions to protect the anonymity of your bitcoins.
What is Bitcoin?
Bitcoin is an online currency. It is decentralized, scarce, and created through the most powerful encryption technology. You can find out more about it at http://bitcoin.org or http://weusecoins.com.
There are several exchanges where you can exchange bitcoins with USD, Euros, GBP, etc. See http://bitcoincharts.com/markets for exchange rates.
The largest exchange is http://mtgox.com. You can fund a mtgox account in the US through http://Dwolla.com for 25 cents, 2-3 day transfer time. The exchange fee is 0.6%.
The fastest way to get bitcoins is http://bitinstant.com where you can buy bitcoin for cash in less than 30 mins.
Intrade Bitcoin Tx
intrade (at) tormail.org