Bitcoin Forum

Economy => Trading Discussion => Topic started by: buyemoney on August 18, 2014, 07:51:30 PM



Title: How can I receive Bitcoin and convert directly into USD and withdraw by BTC
Post by: buyemoney on August 18, 2014, 07:51:30 PM
Hello, can anyone guide me, I have an exchange site that we exchange bitcoins into many different currencies, at the moment we are setting the rate manually, every time the rates go up or down, very tiresome job.

WE are looking for a automated solution, that we think only exists for US people.

As our company is based out side of the USA we can not open a USA checking account, but the perfect solution would be for us to have a system just like BTC-e, yet the sender sends bitcoins that convert to USD or EUR at the time of arrival and the USD stays in the purse, when we want to withdraw we would like to buy bitcoin again and send to BTC-e where we can choose how to withdraw into any E-currency.

It is obvious that we need the best markets rates the lowest possible fee charge for this service.

So can anyone recommend a Bitcoin service that we can implement and that can also keep todate the current Bitcoin Market rate, the next thing is we also wish exactly the same service for Litecoin which we also use on our site, and better if their is a company that also offers all Alt coins so we could also add these to our exchange list.

Any help please?


Title: Re: How can I receive Bitcoin and convert directly into USD and withdraw by BTC
Post by: Xiaoxiao on August 18, 2014, 08:21:02 PM
I don't believe there is one for you.  Coinbase has problems even though their prices are okay.  I can't think of anything else.


Title: Re: How can I receive Bitcoin and convert directly into USD and withdraw by BTC
Post by: BitCoinPokerBro on August 18, 2014, 08:41:58 PM
Couldn't you write a script for btc-e to do this automatically? Whenever a BTC payment is received @ btc-e the script would activate selling bitcoins for usd or buying btc when a purchase is made. Sounds pretty simple to me but I'm no programer. This could also work with cryptsy usd trading activated.

 A script could also be written to track btc-e/cryptsy live price feed.


Title: Re: How can I receive Bitcoin and convert directly into USD and withdraw by BTC
Post by: buyemoney on August 18, 2014, 09:25:23 PM
Couldn't you write a script for btc-e to do this automatically? Whenever a BTC payment is received @ btc-e the script would activate selling bitcoins for usd or buying btc when a purchase is made. Sounds pretty simple to me but I'm no programer. This could also work with cryptsy usd trading activated.

 A script could also be written to track btc-e/cryptsy live price feed.

Btc-e.com would have to write the script to convert automatically inside their site, for the Btc-e.com live price feed this is possible for us to do or they already have one.

We are trying to find a solution that already exists, I think coinbase and bitpay will only pay to checking account and not leave the money in the USD wallet so you can buy bitcoin again.

OKPAY are doing this but their rate is 4% which is high.


Title: Re: How can I receive Bitcoin and convert directly into USD and withdraw by BTC
Post by: buyemoney on August 18, 2014, 09:35:34 PM
Sorry OKPAY are doing this, 4% to enter OKPAY account but you have pay 1% to take it back to BTC-e, so really is 5%, really high...
Any smart company out there should write this type of script and get a lot of business from people outside the USA


Title: Re: How can I receive Bitcoin and convert directly into USD and withdraw by BTC
Post by: BitCoinPokerBro on August 18, 2014, 09:45:12 PM
Couldn't you write a script for btc-e to do this automatically? Whenever a BTC payment is received @ btc-e the script would activate selling bitcoins for usd or buying btc when a purchase is made. Sounds pretty simple to me but I'm no programer. This could also work with cryptsy usd trading activated.

 A script could also be written to track btc-e/cryptsy live price feed.

Btc-e.com would have to write the script to convert automatically inside their site, for the Btc-e.com live price feed this is possible for us to do or they already have one.


If you want everything premade for you then no btc-e isn't the answer


Title: Re: How can I receive Bitcoin and convert directly into USD and withdraw by BTC
Post by: buyemoney on August 18, 2014, 10:00:06 PM
I don't believe there is one for you.  Coinbase has problems even though their prices are okay.  I can't think of anything else.

What are the problems with Coinbase, can you withdraw your fund by bitcoin or do they only send to checking account


Title: Re: How can I receive Bitcoin and convert directly into USD and withdraw by BTC
Post by: buyemoney on August 18, 2014, 11:18:06 PM
Sorry again is there not a bot available that will sell the bitcoins as they arrive on BTC-e to USD, thats all I need


Title: Re: How can I receive Bitcoin and convert directly into USD and withdraw by BTC
Post by: cryptofan5 on August 19, 2014, 01:29:37 PM
Some exchanges offer funding/withdrawal via Perfect Money. Perfect Money is USD based system, so one can deposit via PM, buy bitcoin, then sell if necessary and withdraw USD again. Something like that.