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Title: Why bother to use Dwolla instead of transfering money direct to Mtgox Post by: Kurk on April 26, 2013, 04:36:28 AM Say I want to wire $20,000, what is the point of using a third party like dwolla when I still need to get verification with Mtgox and can wire money direct to Mtgox. Seems like Dwolla, Aurumxchange and others are redundant in this scenario.
Am I missing something? Title: Re: Why bother to use Dwolla instead of transfering money direct to Mtgox Post by: odolvlobo on April 26, 2013, 04:37:36 AM Dwolla is cheaper, especially for amounts smaller than yours.
Title: Re: Why bother to use Dwolla instead of transfering money direct to Mtgox Post by: scintill on April 26, 2013, 04:38:33 AM Say I want to wire $20,000... Seems like Dwolla, Aurumxchange and others are redundant in this scenario. They are, if you're wiring that much money. Dwolla is the cheapest way I know of for smaller amounts. Title: Re: Why bother to use Dwolla instead of transfering money direct to Mtgox Post by: Kluge on April 26, 2013, 04:40:16 AM Dwolla is cheaper, especially for smaller amounts than yours. Cheaper, and you don't need to do a wire, which I don't trust and would require I get off my lazy ass and interact with tellers at the B&M bank/CU.Title: Re: Why bother to use Dwolla instead of transfering money direct to Mtgox Post by: millibtc on April 26, 2013, 06:09:07 AM Yeah, 25c for Dwolla vs. 25$++ for wire transfer. Seems like a no brainer other than the extra 4+ days to get money into Dwolla...
Title: Re: Why bother to use Dwolla instead of transfering money direct to Mtgox Post by: Kurk on April 26, 2013, 06:32:14 AM Yeah, 25c for Dwolla vs. 25$++ for wire transfer. Seems like a no brainer other than the extra 4+ days to get money into Dwolla... I'm in Australia and looking at a $20K transfer. Can I send money to Dwolla without incurring a fee? i.e. do they have local facility? Title: Re: Why bother to use Dwolla instead of transfering money direct to Mtgox Post by: skidelo on April 26, 2013, 07:41:17 AM Should just be 25 cents. Think they're USA only though?
Title: Re: Why bother to use Dwolla instead of transfering money direct to Mtgox Post by: Kurk on April 26, 2013, 08:15:30 AM Should just be 25 cents. Think they're USA only though? I guess its simpler for a newbie with a larger fund to pay the $20 wire cost (cost of 2 beers in Aus) and then buy bitcoins on mtgox in AUd and sell them in USD to get into the liquidity of the USD/bitcoin market. |