Bitcoin Forum

Bitcoin => Mining => Topic started by: Kmitchell03 on May 16, 2011, 10:22:18 PM



Title: Mt Gox trade ins
Post by: Kmitchell03 on May 16, 2011, 10:22:18 PM
Hey all,

So i've yet to actually trade in my bit coins for USD yet. Was going to use Mt Gox. Does it work fairly simple? Like, for say, I can see 10 BTC's and get USD ASAP or do I have to actually wait for someone to buy it? Some feed back or better ideas on how to convert BTCs to USD would be very much appreciated.

- K


Title: Re: Mt Gox trade ins
Post by: TehZomB on May 16, 2011, 10:25:24 PM
If you go with the price already filled in, you get the USD immediately.


Title: Re: Mt Gox trade ins
Post by: Kmitchell03 on May 16, 2011, 10:41:34 PM
Thanks TehZomb.

Now, sending over BTCs to mt gox, how long will that take via mybitcoin?


Title: Re: Mt Gox trade ins
Post by: Drifter on May 16, 2011, 10:49:49 PM
A few minutes or a few hours. Somewhere within that region.


Title: Re: Mt Gox trade ins
Post by: [Tycho] on May 16, 2011, 11:04:53 PM
A few minutes or a few hours. Somewhere within that region.
Not "few minutes" really :)
mtGox needs at least 6 confirmations, so it will be more than one hour usually.


Title: Re: Mt Gox trade ins
Post by: Kmitchell03 on May 16, 2011, 11:09:24 PM
A few minutes or a few hours. Somewhere within that region.
Not "few minutes" really :)
mtGox needs at least 6 confirmations, so it will be more than one hour usually.

Hahaha! Be nice if it was a few minutes... I guess you can't really just cash out ASAP huh


Title: Re: Mt Gox trade ins
Post by: bitdragon on May 16, 2011, 11:29:30 PM
do note the minimum withdraw amounts for USD depending on method used-