MtGox: withdrawing USD to european bank account?

[oinkie]

Hi

n00b here again
As someone with an European bank account, can I sell my bitcoins for USD's and transfer these USD's to my european bank account?
Or can I only sell my bitcoins on Mt Gox for euro's in order to be able to wire transfer them to my euro bank account?

I prefer to 'play' on the USD market because there is a lot more activity there.

Thanks for the help!

[RaTTuS]

when you transfer USD to your local bank they will get converted by your bank to the local currancy

[MaxPowers]

well I tried that, I set up my European bank account (selected EURO), after a few days it was validated and I could transfer the USD funds,
after a few weeks I still didn't receive the money on my bankaccount,
I contacted mtgox who told me this:

Thank you for your email. On checking your account I see that you have added a bank account with the transfer type as EURO so you will not be able to withdraw via USD to this account. However you can add a bank account with the transfer type as international wire transfer and then you can try withdrawing your funds.

Also you can withdraw USD as redeem code and use the below link to convert USD to EUR and you can do SEPA withdrawal.

http://goxfx.binarycredit.com/

To generate a redeem code kindly follow the below steps.

- Log into your own Mt.Gox account.
- Go to funding option then click Withdraw funds.
- Choose Mt.Gox Redeemable Code.

If you have any further enquiries, please do not hesitate to contact Mt.Gox Support.

Thanks,

MtGox.com Team

so I checked how to register my bankaccount as INTERNATIONAL, but then it states 2000 ¥ fee, which is 240 EUR,
and my funds are only a bit over 500$ !?

I don't believe his advice, why would the selection of EURO not work, but International would...
  (I didn't receive any errors when I "transferred" the funds, I just never received them, they did reappear in my mtgox account.

Also very comforting way of instructing: "then you can try withdrawing your funds",
which sounds like: good luck trying...

It seems they rather make it hard or very expensive to transfer funds... for obvious reasons...
anyone have experience and success with USD to European bank accounts?

thank you for any help!

Kind regards,
Max

[RaTTuS]

2000 yen is about 16 Euro

[MaxPowers]

ah, I made the mistake of using the Chinese Yen currency (0,12 EUR), but it's now a japanese company, so it's japanese Yen (0,01 EUR),
sounds already better, but it's still a very high fee (guess we're paying our Yubi-keys back after all...)

thanks for clearing that up,
but I still don't understand that setting it to EURO doesn't work, on Mt-Gox you can only sell your bitcoins for USD,
so what's the point of that EURO option, you would only need the setting INTERNATIONAL or USD.


anyone tried this way?

Also you can withdraw USD as redeem code and use the below link to convert USD to EUR and you can do SEPA withdrawal.

http://goxfx.binarycredit.com/

doesn't say which fees apply? Doesn't look very secure, what's the next step if you were to enter a Redeem code?


Thanks,
REgards,
M

[sovjet]

when you transfer USD to your local bank they will get converted by your bank to the local currancy

Wrong in my case, it stays in whatever currency it was sent via wire transfer.

[boondock66]

would you be able to use https://transferwise.com to solve this problem?