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Author Topic: Is it possible to use bitcoin as an intermediary in money changing?  (Read 448 times)
glongsword
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June 02, 2013, 01:26:18 AM
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You know, like buying bitcoin with USD, then selling it for some other currency, like EUROs?

Or more simply, if you don't have a bank in a country with EUROs (for example), can you still get EUROs for your bitcoins somehow?
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neurobox
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June 02, 2013, 01:56:19 AM
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You know, like buying bitcoin with USD, then selling it for some other currency, like EUROs?

Or more simply, if you don't have a bank in a country with EUROs (for example), can you still get EUROs for your bitcoins somehow?

I think so. If you buy BTC with USD (a hundred ways), then use that to buy Euros on BTC-e exchange, you can withdraw them to Perfect Money, OKPay, or Paypal. Each has their minimums and fees, BTC-e included, but I think Paypal will let you hold a foreign balance - I'd read up to make sure. If you want physical euros, just find an IRL exchange, I guess.
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June 02, 2013, 02:14:38 AM
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Yes of course!
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June 02, 2013, 02:26:46 AM
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You know, like buying bitcoin with USD, then selling it for some other currency, like EUROs?

Or more simply, if you don't have a bank in a country with EUROs (for example), can you still get EUROs for your bitcoins somehow?

I think so. If you buy BTC with USD (a hundred ways), then use that to buy Euros on BTC-e exchange, you can withdraw them to Perfect Money, OKPay, or Paypal. Each has their minimums and fees, BTC-e included, but I think Paypal will let you hold a foreign balance - I'd read up to make sure. If you want physical euros, just find an IRL exchange, I guess.


A few years ago I sold some SLL (Second Life Lindens) for Euros through PayPal.  As far as I know, it was not against the PayPal ToS then, but it is now.  Anyway, I carried a balance of some Euros until I forgot to pay for something one day, and PayPal converted them at a poor exchange rate and wiped out my balance.

Also, PayPal has increased the fees dealing with foreign currencies since that transaction.


I try to be respectful and informed.
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