BitInstant

BitInstant is a new service that allows you to quickly and easily transfer funds into your online exchange account without delay.

It provides a means to rapidly topup your account at one of several bitcoin exchanges far faster than the usual methods.

Bitinstant makes most deposits happen instantly - within a matter of seconds in ideal cases, and in an absolute worst-case scenario they will still aim to have funds into your exchange account before a stated maximum deadline (on average about 30 minutes depending on various conditions).

Methods of Payment

U.S. - USD

• Cash deposit (7-11, Walmart, CVS, and Moneygram locations)
• Dwolla
• Redeemable code from MtGox, Bitstamp and BTC-E

Brazil - BRL

• Boleto
• Banco Rendimento

Russia - RUB

• Qiwi
• Cypberplat

Fund destinations (Pay to)

• Mt. Gox
• Crypto X Change
• BitStamp
• VirWoX
• BTC-E
• e-mail (via Coinapult)
• Bitoin address (via Coinapult)

Fees & Rates

BitInstant dynamically calculates fees based on various factors, and start at 0.26%. Discounted rates may be available for certain high-volume traders through special arrangement, contact them for more details Their rates can be viewed on their Rates & Fees page, as well as on their homepage.

Customer Service

• Support request form
• E-mail: support@bitinstant.com
• General inquiries: info@bitinstant.com
• IRC:
  • Server: irc.bitinstant.com
  • Channel: #BitInstant
  • or via Web.

History

The BitInstant Project was founded by two BitCoin traders Gareth Nelson and Charlie Shrem who saw the need for a quick, easy, and secure way of transferring funds to their Exchange accounts.

It was announced through the media on August 23, 2011.

BitInstant is based out of New York City with an office in the United Kingdom.

On April 16, 2012 the service began offering Coinapult as a destination option for the funds. With Coinapult, BitInstant cash deposits are converted to bitcoins which are then claimed through e-mail or from a mobile phone (SMS / text message).

One June 5,2012 the service launched its integration with the BitcoinSpinner mobile app, simplifying the purchase of bitcoins using a mobile app.

API

BitInstant provides an API that may be used to automate various tasks with their service. To connect to it you may use either XML-RPC or a RESTful protocol using JSON. For XML-RPC, please point your client at https://www.bitinstant.com/api/xmlrpc. For RESTful JSON, please point your client at https://www.bitinstant.com/api/json.

Documentation can be viewed on their API page

See Also

• Selling bitcoins
• Buying bitcoins
• Bitcoin Ladder

External Links

• BitInstant Website
• BitInstant FAQ