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Author Topic: What is the easiest/cheapest way to get USD out of gox to bank  (Read 962 times)
frojoe
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May 14, 2013, 10:21:35 PM
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Since the whole dwolla deal what is the best/cheapest way to send USD from gox to your bank account?

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justusranvier
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May 14, 2013, 10:52:37 PM
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Buy BTC on Mt Gox, withdraw BTC to Coinbase, sell BTC for USD.
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May 14, 2013, 10:55:51 PM
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Buy BTC on Mt Gox, withdraw BTC to Coinbase, sell BTC for USD.

Shhhhh.  Bitcoin is risky, But it's sexier to expose yourself to additional risk by holding USD on MtGox.
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May 14, 2013, 10:56:22 PM
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Hmm... If the best way to move USD Bitcoin...

Why have USD?
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May 14, 2013, 10:59:26 PM
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Buy BTC on Mt Gox, withdraw BTC to Coinbase, sell BTC for USD.

Or sell on Gox, xfer to CampBx sell BTC for USD...and withdrawl immediately to Dwolla....no 1% coinbase fee either.
frojoe
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May 14, 2013, 11:08:38 PM
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Is coinbase a wallet you send btc too and selling your BTC at gox price? Is there a fee or just gox's fee? Fee to withdrawl to bank account?

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tclo
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May 14, 2013, 11:54:35 PM
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Is coinbase a wallet you send btc too and selling your BTC at gox price? Is there a fee or just gox's fee? Fee to withdrawl to bank account?

Yes 1% fee and then an additional small fee on top of that.  Camp BX to Dwolla has just 0.25 USD fee.  But sometimes you can't sell for the best price so that is a factor as well.
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May 15, 2013, 12:58:48 AM
 #8

Buy BTC on Mt Gox, withdraw BTC to Coinbase, sell BTC for USD.

Or sell on Gox, xfer to CampBx sell BTC for USD...and withdrawl immediately to Dwolla....no 1% coinbase fee either.

And depending on which way the market sits at that moment of time you might actually get a higher selling price on Camp BX than on Mt. Gox, probably as the result of Camp BX being the only place that those with Dwolla can still buy bitcoins, and thus willing to pay above the Mt. Gox spot rate.

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May 15, 2013, 04:05:05 AM
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Buy BTC on gox and sell them to someone on http://www.LocalBitCoins.com

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