Bitcoin Forum

Economy => Trading Discussion => Topic started by: Sage on November 09, 2013, 02:55:10 PM



Title: BTCChina: How fast can you get money out of the exchange?
Post by: Sage on November 09, 2013, 02:55:10 PM
I'm sure we've all been eyeballing the arbitrage opportunities here.

Question is, how hard is it to get $$$ out of BTCchina.com and back into Bitstamp?

Anyone have some experience here?


Title: Re: BTCChina: How fast can you get money out of the exchange?
Post by: LiteCoinGuy on November 09, 2013, 06:16:03 PM
i guess you dont get USD,Euro or Yen out of btc china, only btc. but maybe iam wrong.


Title: Re: BTCChina: How fast can you get money out of the exchange?
Post by: Trade101 on November 12, 2013, 09:57:41 AM
i guess you dont get USD,Euro or Yen out of btc china, only btc. but maybe iam wrong.

chinese bank account is also possible (but who has access to one :-( )


Title: Re: BTCChina: How fast can you get money out of the exchange?
Post by: thecoinjournal on November 12, 2013, 12:50:16 PM
It's not so slow to get the yuan out, but exchange it to USD and wire it out would take some time.


Title: Re: BTCChina: How fast can you get money out of the exchange?
Post by: mogs on November 13, 2013, 05:26:20 PM
Getting funds out of china will have a high cost, also Chinese bank accounts can only wire out 50k USD per year. Your margin will disappear before it makes it way to your bank account.


Title: Re: BTCChina: How fast can you get money out of the exchange?
Post by: Trade101 on November 13, 2013, 11:18:27 PM
QQPay or AliPay maybe?
I heard QQ is really widespread across China and you can for sure find some
expat to exchange the QQ Pay funds with.



Title: Re: BTCChina: How fast can you get money out of the exchange?
Post by: coinking on November 19, 2013, 01:16:09 AM
I'm interested in knowing the answer to this question!