Bitcoin Forum
April 19, 2024, 01:11:54 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Economy > Marketplace > Service Discussion > What is the easiest/cheapest way to get USD out of gox to bank
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: What is the easiest/cheapest way to get USD out of gox to bank  (Read 1033 times)
frojoe (OP)
Newbie
*
Offline Offline

Activity: 58
Merit: 0


View Profile
May 14, 2013, 10:21:35 PM
 #1
Since the whole dwolla deal what is the best/cheapest way to send USD from gox to your bank account?
1713489114
Hero Member
*
Offline Offline

Posts: 1713489114

View Profile Personal Message (Offline)

Ignore
1713489114
1713489114
Reply with quote  #2
1713489114
Report to moderator
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1713489114
Hero Member
*
Offline Offline

Posts: 1713489114

View Profile Personal Message (Offline)

Ignore
1713489114
1713489114
Reply with quote  #2
1713489114
Report to moderator
justusranvier
Legendary
*
Offline Offline

Activity: 1400
Merit: 1009



View Profile
May 14, 2013, 10:52:37 PM
 #2
Buy BTC on Mt Gox, withdraw BTC to Coinbase, sell BTC for USD.
proudhon
Legendary
*
Offline Offline

Activity: 2198
Merit: 1311



View Profile
May 14, 2013, 10:55:51 PM
 #3
Quote from: justusranvier on May 14, 2013, 10:52:37 PM
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.
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
SkRRJyTC
Legendary
*
Offline Offline

Activity: 1008
Merit: 1000


View Profile
May 14, 2013, 10:56:22 PM
 #4
Hmm... If the best way to move USD Bitcoin...

Why have USD?
tclo
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
May 14, 2013, 10:59:26 PM
 #5
Quote from: justusranvier on May 14, 2013, 10:52:37 PM
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 (OP)
Newbie
*
Offline Offline

Activity: 58
Merit: 0


View Profile
May 14, 2013, 11:08:38 PM
 #6
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?
tclo
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500



View Profile
May 14, 2013, 11:54:35 PM
 #7
Quote from: frojoe on May 14, 2013, 11:08:38 PM
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.
Stephen Gornick
Legendary
*
Offline Offline

Activity: 2506
Merit: 1010


View Profile
May 15, 2013, 12:58:48 AM
 #8
Quote from: tclo on May 14, 2013, 10:59:26 PM
Quote from: justusranvier on May 14, 2013, 10:52:37 PM
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.
Unichange.me

            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
            █
joesmoe2012
Hero Member
*****
Offline Offline

Activity: 882
Merit: 501


Ching-Chang;Ding-Dong


View Profile WWW
May 15, 2013, 04:05:05 AM
 #9
Buy BTC on gox and sell them to someone on http://www.LocalBitCoins.com
Check out BitcoinATMTalk - https://bitcoinatmtalk.com
Pages: [1]
  Print  
Bitcoin Forum > Economy > Marketplace > Service Discussion > What is the easiest/cheapest way to get USD out of gox to bank
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!