Bitcoin Forum

Economy => Service Discussion => Topic started by: andrehorta on March 08, 2013, 01:26:47 AM



Title: CoinLab Mtgox
Post by: andrehorta on March 08, 2013, 01:26:47 AM
Is possible to transfer to MtGox (wiretransfer) to USA? Not to Japan.


Title: Re: CoinLab Mtgox
Post by: Stephen Gornick on March 08, 2013, 01:46:26 AM
Is possible to transfer to MtGox (wiretransfer) to USA? Not to Japan.

Nope, they only accept international wire transfers at their bank in Japan.

There are other exchanges in which a domestic (within the U.S.) bank wire may be sent.
 - http://www.BitMe.com
 - http://www.BitFloor.com

And Coinbase can draw (via ACH) from your U.S. bank account.  There are relatively low limits for the first 30 days.

Dwolla is like PayPal in that you can draw funds from your linked bank account and then send them to an exchange (Camp BX or Mt. Gox), however there are restrictions on new users for the first 30 days.


Title: Re: CoinLab Mtgox
Post by: Nemesis on March 08, 2013, 01:51:28 AM
Is possible to transfer to MtGox (wiretransfer) to USA? Not to Japan.

Nope, they only accept international wire transfers at their bank in Japan.

There are other exchanges in which a domestic (within the U.S.) bank wire may be sent.
 - http://www.BitMe.com
 - http://www.BitFloor.com

And Coinbase can draw (via ACH) from your U.S. bank account.  There are relatively low limits for the first 30 days.

Dwolla is like PayPal in that you can draw funds from your linked bank account and then send them to an exchange (Camp BX or Mt. Gox), however there are restrictions on new users for the first 30 days.

The whole thing is absurd because the transaction actually take place in US. All the USD funds stay in US.

So mtGox bank in Japan receive USD fund thro an intermediate bank in US. They infact dont keep any USD fund, just an account holder of the fund at US.


Title: Re: CoinLab Mtgox
Post by: EndTheFed321 on March 09, 2013, 09:25:18 PM
So, I guess it would not be a good idea to open an account over at CoinLab ???


Title: Re: CoinLab Mtgox
Post by: justusranvier on March 09, 2013, 09:29:50 PM
So, I guess it would not be a good idea to open an account over at CoinLab ???
It's a great idea, just remember the first rule of Bitcoins - you don't actually own them unless you control the private keys.

Use CoinLab as a convenient way to move dollars into the exchange and buy bitcoins with them. Then withdraw your bitcoins to a wallet you control.

Don't hold funds in the edge exchanges - use them as an escape route.


Title: Re: CoinLab Mtgox
Post by: zero3112 on March 10, 2013, 12:12:23 AM
Is coinlab a full bitcoin exchange?  Or is it just a more convenient way to get USD into Mt. Gox?


Title: Re: CoinLab Mtgox
Post by: justusranvier on March 10, 2013, 01:31:39 AM
Is coinlab a full bitcoin exchange?  Or is it just a more convenient way to get USD into Mt. Gox?
Soon to be only way to get USD into and out of Mt. Gox.


Title: Re: CoinLab Mtgox
Post by: zero3112 on March 10, 2013, 02:36:35 AM
Really? What about dwolla or bitinstant or Okpay?


Title: Re: CoinLab Mtgox
Post by: justusranvier on March 10, 2013, 03:05:38 AM
Those services will all have to go through Coinlab.


Title: Re: CoinLab Mtgox
Post by: zero3112 on March 10, 2013, 03:11:16 AM
Is there anyone else who doesn't like this?  And what kind of fees do I have to except because of this?


Title: Re: CoinLab Mtgox
Post by: justusranvier on March 10, 2013, 03:46:56 AM
You can thank FATCA (http://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act).


Title: Re: CoinLab Mtgox
Post by: zero3112 on March 26, 2013, 03:31:39 AM
What's going on wasn't the Coinlab Mt.Gox switch suppose to already have happen?  Why haven't there been any updates?


Title: Re: CoinLab Mtgox
Post by: MPOE-PR on March 26, 2013, 08:37:12 AM
What's going on wasn't the Coinlab Mt.Gox switch suppose to already have happen?  Why haven't there been any updates?

Because they're bringing Wall Street to Silicon Valley Bank. This is how tha pros do it.


Title: Re: CoinLab Mtgox
Post by: zero3112 on May 05, 2013, 04:13:16 AM
Whats going on with coinlab now?


Title: Re: CoinLab Mtgox
Post by: Phinnaeus Gage on May 05, 2013, 05:06:07 AM
What's going on wasn't the Coinlab Mt.Gox switch suppose to already have happen?  Why haven't there been any updates?

Because they're bringing Wall Street to Silicon Valley Bank. This is how tha pros do it.

Let's play a game called connect the dots.

Amir Taaki
Silicon Valley Bank
Vulcan Capital
Bindi Karia
Paul Allen
71 Columbia St Ste 300


Title: Re: CoinLab Mtgox
Post by: apetersson on May 05, 2013, 10:02:43 AM
i don't get it, bruno.. please help my imagination


Title: Re: CoinLab Mtgox
Post by: zero3112 on May 05, 2013, 05:30:25 PM
The coinlab suit doesn't really have any substance does it?  I mean people sue other people all the time.