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Correct me if I'm wrong, but isn't it impossible to withdraw USD from MtGox at this point? How can this be a viable source of BTC->USD comparison when the only
by pseudonym 13y ago
Correct me if I'm wrong, but isn't it impossible to withdraw USD from MtGox at this point? How can this be a viable source of BTC->USD comparison when the only thing you can do with a USD balance on MtG is buy?
- shocks 13y agoIt's not impossible, but it is difficult. However - it's much easier to withdraw in Japanese and Chinese currencies. BTCChina is pretty close to GoxUSD.
- wozniacki 13y agoIs localbitcoins dot com dead ? Does anyone use it anymore?
- jeffasinger 13y agoI sold most of my bitcoins last week. I'd guess it's pretty easy to do that if you live in a larger city.
- shocks 13y agoLocalbitcoin also does bank transfer over here in the UK. :)
- swalsh 13y agoStupid question maybe, I believe I still have a few bitcoins laying around (I got them when we were speculating how crazy it would be if Mt Gox ever reached $1) I'd like to buy a pro copy of google sketch-up, and buy some lumber at this lumberyard that is cash only. How do I do it if i can't withdraw usd?
- fsniper 13y agouse coin2pal.info. I have used their service a few times and it is working. Slow but reliable process.
- nwh 13y agoWho runs this exactly? What are the chances you get paid with a stolen PayPal account?
- fsniper 13y agohttps://en.bitcoin.it/wiki/Coin2Pal https://en.bitcoin.it/wiki/Coin2Pal That's the best info I have about them. So use with a pint of salt. I had no problem with my transactions yet.
- TallboyOne 13y agoDon't trust anything with .info
- maaku 13y agoLike blockchain.info? ;)
- TallboyOne 13y agoThat might be the one exception I can think of .. :o
- viraptor 13y agoPlease don't spread this bullshit. I hear it every once in a while and cannot understand why people repeat it. There's nothing you can tell about the company from the TLD. It's just a string. It's like saying "don't trust companies with an E in their name". Yes, I own an info domain. Because I liked it and it was cheap. That's it.
- TallboyOne 13y ago
- jnbiche 13y agoRegister with Bitstamp, provide paperwork (passport + U.S. drivers license is probably best bet), wait a few days for them to process, sell Bitcoins, wire transfer to your U.S. bank account, wait ~ 5 days to clear, profit! Once you've done this once, everything will go a lot faster next time. Don't bother with mtgox, there's a reason why there's such a price discrepancy and we all use Bitstamp as the real exchange rate. EDIT: I just read elsewhere that mtgox is still highly liquid if you're in Japan or China, which means that there may be a good reason for the price discrepancy (high demand in China). But don't bother with gox if you're in the U.S.
- ye 13y agoBitStamp just hit $470 an hour ago, and you can definitely withdraw from them.
- seanalltogether 13y agoI cashed out all my coins at $144 over a month ago now and I've still been waiting for money to show up. One the one hand I feel annoyed at losing out on the huge rise in value, on the other hand this huge delay makes me feel justified in escaping this terrible system.
- smtddr 13y agoI sure would like to know what bitcoin service you were using...
- prezjordan 13y agoSold 5 for $10 a piece and never got my money. The process of converting BTC to USD is insanely convoluted. I should've sold them to a friend.
- dwaltrip 13y agoMtgox != bitcoin. For everyone who is wondering, Coinbase actually has pretty good service.
- ok_craig 13y agoYou could've just sent the bitcoin to Coinbase and sold them there.
- dm2 13y agoI've used CoinBase and their withdrawal process is very easy. The funds were in my bank account within 3 days.
- Zoomla 13y agoYou should be able to at least withdraw your bitcoins, which you could then keep locally or sell for cash?
- coin 13y agoNot exactly cash, but Gyft does BTC --> Amazon.com gift card very painlessly.
- archQuestions 13y agoCaVirtex.com was paying higher than MtGox yesterday...
- flux_w42 13y agoI constantly read about people waiting for months on their money from MtGox so I tested it a few weeks ago: I did a withdrawal of 250 EUR from MtGox to my European bank account and it took exactly 12 days. Not blazingly fast, but for sure not impossible.