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Title: cheapest way to go from BTC to USD wire to someone else Post by: Looser by Choice on February 16, 2013, 03:19:49 PM Ok I have BTCs i can sell them and withdraw to my bank account via mtgox and then wire to someone else.
But I would like to skip the extra step and just convert my btcs to usd and wire to a 3rd party directly and that way saving on bank fees. What would be the cheapest way to wire your BTCs to USD bank account? Title: Re: cheapest way to go from BTC to USD wire to someone else Post by: niko on February 16, 2013, 03:39:48 PM Ok I have BTCs i can sell them and withdraw to my bank account via mtgox and then wire to someone else. Have that someone open and verify a MtGox account. You send them btc or a gox code, they withdraw to their bank.But I would like to skip the extra step and just convert my btcs to usd and wire to a 3rd party directly and that way saving on bank fees. What would be the cheapest way to wire your BTCs to USD bank account? For those who miss the point of this thread - MtGox AML regulations require you to wire money to a bank account issued in your name. Not sure how other bigger exchanges compare. Moderator: please move to "service discussion". Loser by Choice can do the same by clicking the link in lower left of the screen when viewing the thread. Title: Re: cheapest way to go from BTC to USD wire to someone else Post by: Looser by Choice on February 17, 2013, 12:15:22 PM Thanks for the suggestion but unfortunately in that particular case having those people open mtgox acc is not really an option :(
and in most cases when dealing with traditional business too. Title: Re: cheapest way to go from BTC to USD wire to someone else Post by: Looser by Choice on February 18, 2013, 12:02:12 PM I guess we dont have such options yet, but maybe those p2p exchanges... ? :)
Title: Re: cheapest way to go from BTC to USD wire to someone else Post by: Walter Rothbard on February 18, 2013, 05:16:36 PM Thanks for the suggestion but unfortunately in that particular case having those people open mtgox acc is not really an option :( and in most cases when dealing with traditional business too. Initiate a wire transfer on aurumxchange.com ? Title: Re: cheapest way to go from BTC to USD wire to someone else Post by: ewibit on February 18, 2013, 05:31:45 PM and what is the cheapest way from
BTC to PP and USD to PP (btc-e takes 5.5%) TIA Title: Re: cheapest way to go from BTC to USD wire to someone else Post by: niko on February 18, 2013, 05:37:37 PM Bitcoins are easy, fast, and cheap to move around the world, dollars and euros are not. This thread is really asking about moving dollars between people, and has nothing to do with Bitcoin.
Title: Re: cheapest way to go from BTC to USD wire to someone else Post by: Looser by Choice on February 27, 2013, 12:50:36 PM Bitcoins are easy, fast, and cheap to move around the world, dollars and euros are not. This thread is really asking about moving dollars between people, and has nothing to do with Bitcoin. wow, the thread is actually about an easy way of cashing out bitcoins in dollars to 3rd parties....come on read Title: Re: cheapest way to go from BTC to USD wire to someone else Post by: niko on February 28, 2013, 02:02:50 AM Bitcoins are easy, fast, and cheap to move around the world, dollars and euros are not. This thread is really asking about moving dollars between people, and has nothing to do with Bitcoin. wow, the thread is actually about an easy way of cashing out bitcoins in dollars to 3rd parties....come on read Or sending bitcoins to someone else, then that someone selling those bitcoins for dollars. There is no such thing as "cashing out to 3rd parties", and there are good reasons why any sane merchant or customer would not attempt to get involved in such practice. Each trade involves implicit and explicit contractual obligations and rights. "Cashing out to 3rd parties" only invites trouble. Title: Re: cheapest way to go from BTC to USD wire to someone else Post by: Walter Rothbard on February 28, 2013, 02:59:56 AM Bitcoins are easy, fast, and cheap to move around the world, dollars and euros are not. This thread is really asking about moving dollars between people, and has nothing to do with Bitcoin. wow, the thread is actually about an easy way of cashing out bitcoins in dollars to 3rd parties....come on read How can I use X to do Y? (http://www.catb.org/esr/faqs/smart-questions.html#idp29958640) |