Bitcoin Forum

Economy => Service Discussion => Topic started by: frojoe on May 14, 2013, 10:21:35 PM



Title: What is the easiest/cheapest way to get USD out of gox to bank
Post by: frojoe on May 14, 2013, 10:21:35 PM
Since the whole dwolla deal what is the best/cheapest way to send USD from gox to your bank account?


Title: Re: What is the easiest/cheapest way to get USD out of gox to bank
Post by: justusranvier on May 14, 2013, 10:52:37 PM
Buy BTC on Mt Gox, withdraw BTC to Coinbase, sell BTC for USD.


Title: Re: What is the easiest/cheapest way to get USD out of gox to bank
Post by: proudhon on May 14, 2013, 10:55:51 PM
Buy BTC on Mt Gox, withdraw BTC to Coinbase, sell BTC for USD.

Shhhhh.  Bitcoin is risky, But it's sexier to expose yourself to additional risk by holding USD on MtGox.


Title: Re: What is the easiest/cheapest way to get USD out of gox to bank
Post by: SkRRJyTC on May 14, 2013, 10:56:22 PM
Hmm... If the best way to move USD Bitcoin...

Why have USD?


Title: Re: What is the easiest/cheapest way to get USD out of gox to bank
Post by: tclo on May 14, 2013, 10:59:26 PM
Buy BTC on Mt Gox, withdraw BTC to Coinbase, sell BTC for USD.

Or sell on Gox, xfer to CampBx sell BTC for USD...and withdrawl immediately to Dwolla....no 1% coinbase fee either.


Title: Re: What is the easiest/cheapest way to get USD out of gox to bank
Post by: frojoe on May 14, 2013, 11:08:38 PM
Is coinbase a wallet you send btc too and selling your BTC at gox price? Is there a fee or just gox's fee? Fee to withdrawl to bank account?


Title: Re: What is the easiest/cheapest way to get USD out of gox to bank
Post by: tclo on May 14, 2013, 11:54:35 PM
Is coinbase a wallet you send btc too and selling your BTC at gox price? Is there a fee or just gox's fee? Fee to withdrawl to bank account?

Yes 1% fee and then an additional small fee on top of that.  Camp BX to Dwolla has just 0.25 USD fee.  But sometimes you can't sell for the best price so that is a factor as well.


Title: Re: What is the easiest/cheapest way to get USD out of gox to bank
Post by: Stephen Gornick on May 15, 2013, 12:58:48 AM
Buy BTC on Mt Gox, withdraw BTC to Coinbase, sell BTC for USD.

Or sell on Gox, xfer to CampBx sell BTC for USD...and withdrawl immediately to Dwolla....no 1% coinbase fee either.

And depending on which way the market sits at that moment of time you might actually get a higher selling price on Camp BX than on Mt. Gox, probably as the result of Camp BX being the only place that those with Dwolla can still buy bitcoins, and thus willing to pay above the Mt. Gox spot rate.


Title: Re: What is the easiest/cheapest way to get USD out of gox to bank
Post by: joesmoe2012 on May 15, 2013, 04:05:05 AM
Buy BTC on gox and sell them to someone on http://www.LocalBitCoins.com