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Author Topic: mtgox: why only libertyreserve?  (Read 5211 times)
wumpus
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November 20, 2010, 01:23:30 PM
 #1

Are there plans to extend the range of payment options on mtgox?

LibertyReserve dollars are very tricky to get hold of, and get rid of. And buying them through sites is extremely slow, with fishy smelling sites in Nigeria etc providing the exchange. Is that really the only option?

I know of the paypal scams, but aren't there any other online payment providers that don't have the problems paypal has?

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morpheus
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November 20, 2010, 02:35:06 PM
 #2

Are there plans to extend the range of payment options on mtcox?

LibertyReserve dollars are very tricky to get hold of, and get rid of. And buying them through sites is extremely slow, with fishy smelling sites in Nigeria etc providing the exchange. Is that really the only option?

I know of the paypal scams, but aren't there any other online payment providers that don't have the problems paypal has?


I'll give you Mt. Gox USD for cash in the mail: http://bitcointalk.org/index.php?topic=1655.0

I'm selling Mt. Gox USD and Bitcoin for cash, check or money order in the mail: http://bitcoinmorpheus.tumblr.com/

Check out my 100% decentralized P2P exchange: https://github.com/macourtney/Dark-Exchange
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November 20, 2010, 02:36:38 PM
 #3

I liked liqpay

wumpus
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November 20, 2010, 02:56:27 PM
 #4

I'll give you Mt. Gox USD for cash in the mail: http://bitcointalk.org/index.php?topic=1655.0
That's a good option. But where are you located? I'm in the Netherlands, I don't really feel like sending money via international mail.

Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through FileBackup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
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November 20, 2010, 02:57:18 PM
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bankwire in the us, Europe, Asia would be perfect

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morpheus
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November 20, 2010, 03:00:05 PM
 #6

I'll give you Mt. Gox USD for cash in the mail: http://bitcointalk.org/index.php?topic=1655.0
That's a good option. But where are you located? I'm in the Netherlands, I don't really feel like sending money via international mail.


I'm in the US. I can understand not wanting to send money via international mail. Though, I do have one customer doing just that right now.

I'm selling Mt. Gox USD and Bitcoin for cash, check or money order in the mail: http://bitcoinmorpheus.tumblr.com/

Check out my 100% decentralized P2P exchange: https://github.com/macourtney/Dark-Exchange
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November 20, 2010, 03:04:51 PM
 #7

The best option is to set up a network of local exchangers in every country who can do business through bank accounts.
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November 20, 2010, 03:14:40 PM
 #8

+1
exactly...
Who can establish that? Volunteers needed!
100BTC from me for the first one establishing it.

>15years analysis experience

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November 20, 2010, 03:28:59 PM
 #9

+1
exactly...
Who can establish that? Volunteers needed!
100BTC from me for the first one establishing it.

I have already tried: https://www.bitcoin.org/smf/index.php?topic=1485.0

New bitcoin lottery: probiwon.com
- Может, ты ещё и в Невидимую Руку Рынка веруешь? - Зачем же веровать в то, что можно наблюдать непосредственно?
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November 20, 2010, 05:19:21 PM
 #10

I'll give you Mt. Gox USD for cash in the mail: http://bitcointalk.org/index.php?topic=1655.0
That's a good option. But where are you located? I'm in the Netherlands, I don't really feel like sending money via international mail.
What's wrong with https://www.bitcoinexchange.com/?

Sjå http://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
I support the roadmap.  If a majority of miners ever try to forcefully take control of Bitcoin through a hard fork without 100% consensus, I will immediately split out and dump all my forkcoins, and buy more real Bitcoin.
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November 20, 2010, 06:46:17 PM
 #11

bitcoinexchange overall is probable very good, if the spreads would not be horrendous. I had a look into this a couple of days ago and the premium vs. the other exchanges was huge (20% - 30% more per BTC!)

Based on last nights offers, spread is lower at 14%. Still significant, but better than no BTC :-)

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wumpus
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November 21, 2010, 11:46:17 AM
 #12

I'll give you Mt. Gox USD for cash in the mail: http://bitcointalk.org/index.php?topic=1655.0
That's a good option. But where are you located? I'm in the Netherlands, I don't really feel like sending money via international mail.
What's wrong with https://www.bitcoinexchange.com/?
Looks pretty cool. I hadn't seen that one yet.

Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through FileBackup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
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November 21, 2010, 11:49:14 AM
 #13

Based on last nights offers, spread is lower at 14%. Still significant, but better than no BTC :-)

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

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sturle
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November 21, 2010, 01:08:20 PM
 #14

Based on last nights offers, spread is lower at 14%. Still significant, but better than no BTC :-)
Considering no fees for transfers or other currency exchange, this is not much much more than the spread between high and low on Mt.Gox on a typical day.

Sjå http://bitmynt.no for veksling av bitcoin mot norske kroner.  Trygt, billig, raskt og enkelt sidan 2010.
I buy with EUR and other currencies at a fair market price when you want to sell.  See http://bitmynt.no/eurprice.pl
I support the roadmap.  If a majority of miners ever try to forcefully take control of Bitcoin through a hard fork without 100% consensus, I will immediately split out and dump all my forkcoins, and buy more real Bitcoin.
ribuck
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November 21, 2010, 03:33:22 PM
 #15

If you want Bitcoin to have lots of flourishing exchanges, you have to let the exchanges make money.

People who complain about "excessive" profit margin at an exchange should open a competing exchange.
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November 21, 2010, 04:33:30 PM
 #16

agree with you.

At the same time, they need to make it easy.

bitcoinexchange is great for Europe folks, and we need something similar in US, Asia, Russia, etc.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

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November 21, 2010, 07:14:15 PM
 #17

If you want Bitcoin to have lots of flourishing exchanges, you have to let the exchanges make money.

People who complain about "excessive" profit margin at an exchange should open a competing exchange.

That isn't what is being discussed here. The spread is between the highest user bid and lowest user ask. It will come down as more people use the market. I don't know what the fee is, but I'm sure it is much smaller than 14%.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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November 21, 2010, 08:37:27 PM
 #18

The spread is between the highest user bid and lowest user ask.

I understand that, but we were referring to Bitcoin Exchange. As I understand it, Bitcoin Exchange isn't a market, and the owner sets his own spread. So his spread is analogous to a fee.
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November 21, 2010, 08:48:33 PM
 #19

The spread is between the highest user bid and lowest user ask.

I understand that, but we were referring to Bitcoin Exchange. As I understand it, Bitcoin Exchange isn't a market, and the owner sets his own spread. So his spread is analogous to a fee.

Oh, haha, it was me who was confused. I was thinking it was btcex we were talking about, whoops.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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November 22, 2010, 12:27:08 AM
 #20

Liqpay is probably the way to go from all soft money.
It has the best anti-fraud protection. From my googling it seems that it is almost fraud-free.

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