Bitcoin Forum

If I have bitcoins in MtGox how can I sell them for USD? Any other alternatives for cashing out my MtGox bitcoins? Thanks.

You can't. Ebay or btc-e. Or sell them to me for a good price  ;D

Not sure how likely it is to work but thinking of it it does not sound totally far-fetched... How about selling them for an alternate currency - like EUR, after checking with your bank that they would be able to convert the funds for you ? I would expect that they would be happy to charge a fee and do it for you.

Largest Bitcoin Exchange Halts U.S. Dollar Withdrawals

http://online.wsj.com/article/SB10001424127887323393804578559364260264812.html

Wow, I can't believe no one has told you how to do this yet.

Go to BTC-E.com. Withdraw your BTC from MtGox and deposit them into your BTC-E account. Click the "BTC/USD" tab, and sell X amount of BTC for X amount of USD. When the order is fulfilled, click "Finances" tab, and select PerfectMoney or OKPay withdaw for USD. It should take 1 to 3 days to withdraw.

 You're welcome.

Use xzzx.biz, we buy/sell on mtgox rates.
You can exchange your bitcoin to bankwire,perfectmoney,webmoney and some more options.

Oh wow, I wonder if this will make most US residents not want to purchase?

Thanks for all replies. I have a BTC-e account but haven't looked into making bitcoin to USD withdrawals, so I'll look into that.

xzzx.biz looks convenient but it charges an 8% fee, and it doesn't appear to have a long track record. I'll do more research on it.

getting USD out of mt gox? good luck......  ;)

8% fees is there because it works on mtgox rates, there's a big difference in btc-e and mtgox rates.

Your best bet is to go to #bitcoin-otc on IRC and offer to trade the USD as a MtGox code to somebody with USD.

The other thing you could do is use the USD to buy BTC on MtGox, send the BTC to CampBX, trade the BTC for USD, then withdraw the USD (I usually send it to Dwolla and then to my bank).

My only reservation with CampBX (and BTC-e) is that sometimes it sells BTC for a few dollars less than MtGox.

And sometimes CampBX sells BTC for a few dollars more than MtGox. MtGox sometimes sells BTC for a few dollars less than MtGox (depending on how you measure it). What is your point?

Like others said,  you can't get dollars for the moment.  Send your bitcoins to another exchange like campbx, or sell them privately face to face.

If your desperate send then over to BTCE and then cash out using their paypal option. I have done it and it does work - fees are high but I can confirm it does work.

My goal is too sell my bitcoins at the exchange with the highest sell price.

Well, then you are going to be moving your coins around from exchange to exchange a lot, since they all move up and down and a different one will be highest on any given day.

Can't help you my friend, you have to transfer bitcoins to Bitstamp then sell it, but sell price there is lower.

There are always many exchanges and their prices vary by the time. So you simply have to be constantly on the look out for the best price.

My point is that I don't want to lose $19 per BTC by moving from MtGox to someplace like BTC-e. My bitcoins are already in Coinbase but even they have a $14 differential with MtGox.

BTW, I bought my bitcoins at MtGox then sent them to Coinbase, which instantly made me lose $10+ per BTC when they switched to a new broker. I must wonder why MtGox just doesn't switch to a new USD exchanger that complies with US rules.

You can't withdraw USD now. I'll suggest you to use other exchange sites.

I think you're right. I hate taking the big drop in portfolio value going from MtGox to Coinbase.

I would guess a bank account, as to how to link it.. No clue :/

haven't used mt. gox but they must suck pretty bad to have such huge spread!

Sell for BTC and withdraw.

Hey, I have a similar question, might as well add it here, but it's slightly off topic, I apologize.  But I still need help, too.  I'm an American living in China.  I was going to sign up on Mt. Gox as a way of cashing out bitcoins once my Asic rig arrives and I start mining at last.  But after the government raided Dwolla, I am afraid of going that route. 

Does anyone here know of a way to get Chinese RMB directly from a bank in China?  I've heard the Chinese are huge into Bitcoins, there must be some way to cash out directly in China, and then I could take those RMB and convert them to whatever currency I need, like for my trip to Thailand in the future. 

Thanks for any help.

Didn't you see this thread yet? https://bitcointalk.org/index.php?topic=179586

You can pray God, and hope :)

From what I've been reading, the short answer is: You don't.

I heard that some people randomly managed to do that, but not much...

1 of my 4 orders got through from last month but it was a small order <500

Transfer btc to another exchange and sell it there.

Give me your BTC.