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Author Topic: Using bitcoin profits to pay off mortgage  (Read 523 times)
modifier (OP)
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November 26, 2013, 08:10:06 PM
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I have made a small profit off of my bitcoins and would like to payoff a portion of my mortgage which is held by a US bank.  The profits are currently sitting in MT GOX.  Is my only option to wire transfer my profits to my US checking account and then send the money to the loan holder bank or is it possible to send the transfer either directly to the loan holder or through another financial intermediary?  I would prefer to not send the profits directly to my bank if it all possible.

Thanks in advance for any advice and/or guidance.

-Modifier
boardercrest
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November 26, 2013, 08:14:46 PM
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If you're iffy about sending the coin profits to a bank why not find a credit union that you trust?
exstasie
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November 26, 2013, 08:22:11 PM
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I have made a small profit off of my bitcoins and would like to payoff a portion of my mortgage which is held by a US bank.  The profits are currently sitting in MT GOX.  Is my only option to wire transfer my profits to my US checking account and then send the money to the loan holder bank or is it possible to send the transfer either directly to the loan holder or through another financial intermediary?  I would prefer to not send the profits directly to my bank if it all possible.

Thanks in advance for any advice and/or guidance.

-Modifier

You could wire it directly to them i'm guessing, but I don't know if i'd feel secure about that.  If there any issues with the wiring, or any hiccups, it might be difficult to get it resolved.

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