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Title: Changing currency at mtgox Post by: michaelexeter on April 24, 2013, 09:44:05 PM I'm currently trading in GBP on gox (i'm from UK) however I'm being charged 2.5% on every trade (on top of the 0.6% fee). Is there someway I can change my GBP to USD in my wallet, so that when I trde I'm getting better rates....
Hopwfully I can then in turn convert the USD balance back into GBP before withdrawing it again (I intend to make lots of trades in a week, but just make a withdrawal once a month). Title: Re: Changing currency at mtgox Post by: ManBearPig on April 26, 2013, 07:15:18 PM I'm currently trading in GBP on gox (i'm from UK) however I'm being charged 2.5% on every trade (on top of the 0.6% fee). Is there someway I can change my GBP to USD in my wallet, so that when I trde I'm getting better rates.... Hopwfully I can then in turn convert the USD balance back into GBP before withdrawing it again (I intend to make lots of trades in a week, but just make a withdrawal once a month). I started with a GBP account then very soon after switched to just trading USD with no problems. Haven't needed to withdraw yet though so I can't advise on that. I don't remember being being charged 2.5% though, unless I really didn't notice, or it's new. Wait, I never funded my account with Gox, only transferred some BTC I already had if that makes any difference. Title: Re: Changing currency at mtgox Post by: piit79 on April 26, 2013, 09:07:11 PM As far as I can see the only way to convert GBP to USD in Mt.Gox is via BTC.
You are being charged 2.5% on each GBP trade? That's very strange, I did a few trades in GBP and only paid 0.6%. Title: Re: Changing currency at mtgox Post by: michaelexeter on April 27, 2013, 09:18:11 AM Thats because when your trading in GBP, the buy/sell prices you see already have the 2.5% transfer rate built in.
They 0.6% rate will show in your account history, the 2.5% won't however! |