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Title: Sending Money to MtGox requires that i'll have a Bitcoin Wallet? Post by: benyben123456 on March 31, 2013, 01:06:51 PM Hi.
- Want to buy Bitcoins via Mt.Gox (don't know an easier way). - Opened an account there. - In order to buy, it asks me to send money via bank transfer (im outside the US). I am about to do this from my bank, but what happens once I do? Are they gonna "store" my money or do I must first have a wallet? I don't have a wallet. Thanks! Title: Re: Sending Money to MtGox requires that i'll have a Bitcoin Wallet? Post by: mjc on March 31, 2013, 01:34:23 PM The money will go into an account for that currency. Then you will have place either a Market Order or Limit order to buy the Bitcoins. The Bitcoins will end up in a wallet assigned to you at MT Gox. From there you can send the coins to any address you like.
Title: Re: Sending Money to MtGox requires that i'll have a Bitcoin Wallet? Post by: BTCisthefuture on March 31, 2013, 01:35:46 PM whatever you deposit into your mtgox account and whatever gets traded there will be in your mtgox account. you dont need a wallet for that.
i would recommend a wallet though, theres no reason not to have one. even if you never use it for some reason. i'm also a firm believe of not keeping all your assests in one place. i dont know all the details of it but i know mtgox has been hacked before and funds stolen, so id recommend spreading your assests out into multiple exchanges/wallets/bank etc etc. thats just me though. Title: Re: Sending Money to MtGox requires that i'll have a Bitcoin Wallet? Post by: benyben123456 on March 31, 2013, 01:54:15 PM I do appreciate your answers! Thanks.
You said that it's better to spread the risk. Which other sites / stock exchange exists? Thanks |