Difference between revisions of "FastCash4Bitcoins"

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A service provided by Tangible Cryptography LLC that acts as a direct buyer of bitcoins.  Clients can sell bitcoins without creating an account or registering by depositing coins to a unique single use deposit addressProceeds from the sale will be paid out through a variety of cash and "cash like" payout options.
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FastCash4Bitcoin was a service run by Tangible Cryptography from April, 2012 to May, 2013.  FastCash4Bitcoins operated as a direct broker, purchasing bitcoins directly from usersUsers could elect payment by a number of fast payout optionsThe company was a MSB (Money Service Business) registered with FinCEN.
  
==Payout Options==
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The service was launched on Apr 6, 2012<ref>[https://bitcointalk.org/index.php?topic=85395 FastCash4Bitcoins: get paid cash today for your bitcoins]</ref>.  Tangible Cryptography LLC was founded by DeathAndTaxes a long time veteran of bitcointalk.org <ref>[https://bitcointalk.org/index.php?action=profile;u=41048 DeathAndTaxes profile including note about Tangible Cryptography LLC]</ref>.  In May, 2013 the site suspended operations, to resolve claims by regulators in Virginia that the activity constituted issuing "stored value" under Virginia statute.  Those attempts proved unsuccessful and Tangible Cryptography ceased operating this service.  Tangible Cryptography formed a subsidiary incorporated in South Carolina, which operates a similar service under the brand name BitSimple and due to regulatory uncertainty blocks this service from residents of Virginia.
* PayPal - 1% fee
 
* Dwolla - free
 
* Cash deposit into a Bank of America or Wells Fargo bank account - $10 fee
 
* ACH (Direct Deposit - free
 
* Domestic Bank Wire - $25 fee
 
* International Bank Wire - $50 fee
 
* Company check by first class mail - free (faster delivery available for optional fee)
 
* Cashier's check (certified funds) by first class mail - $10 (faster delivery available for optional fee)
 
* GreenDot MoneyPak - $5 fee
 
 
 
The service was launched on Apr 6, 2012<ref>[https://bitcointalk.org/index.php?topic=85395 FastCash4Bitcoins: get paid cash today for your bitcoins]</ref>.  Tangible Cryptography LLC was founded by DeathAndTaxes a long time veteran of bitcointalk.org <ref>[https://bitcointalk.org/index.php?action=profile;u=41048 DeathAndTaxes profile including note on Tangible Cryptography LLC]</ref>
 
  
 
==External Links==
 
==External Links==
  
* [https://fastcash4bitcoins.com FastCash4Bitcoins.com] web site
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* [https://fastcash4bitcoins.com FastCash4Bitcoins.com] (now redirect to BitSimple)
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* [https://BitSimple.com BitSimple.com]
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* [https://tangiblecryptography.com TangibleCryptography.com]
  
 
==References==
 
==References==
 
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<references />
  
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[[Category:Defunct exchanges]]
 
[[Category:Services]]
 
[[Category:Services]]
[[Category:Exchanges]]
 

Latest revision as of 22:30, 10 June 2017

FastCash4Bitcoin was a service run by Tangible Cryptography from April, 2012 to May, 2013. FastCash4Bitcoins operated as a direct broker, purchasing bitcoins directly from users. Users could elect payment by a number of fast payout options. The company was a MSB (Money Service Business) registered with FinCEN.

The service was launched on Apr 6, 2012[1]. Tangible Cryptography LLC was founded by DeathAndTaxes a long time veteran of bitcointalk.org [2]. In May, 2013 the site suspended operations, to resolve claims by regulators in Virginia that the activity constituted issuing "stored value" under Virginia statute. Those attempts proved unsuccessful and Tangible Cryptography ceased operating this service. Tangible Cryptography formed a subsidiary incorporated in South Carolina, which operates a similar service under the brand name BitSimple and due to regulatory uncertainty blocks this service from residents of Virginia.

External Links

References