question: Withdrawing cash from mt.Gox in the UK

[andyb]

quick question: If my bank account is in GBP, can I withdraw from mtgox using my IBAN and BIC? or do I need to have an account in euros?


or what is the best way of withdrawing cash from Mt.Gox if you live in the UK?

I don't have a lot of money but I ask because I have never withdrawn before.

[spruce]

Open an account at britcoin.co.uk. Withdraw BTC from Mt Gox and deposit them to Britcoin. Exchange $-->BTC and BTC-->£ as needed.

Then withdraw £ directly from Britcoin with a UK bank transfer.

[andyb]

thanks. Now I only need to wait for trading to reopen so I can exchange my $ into BTC.

[spruce]

Note that Mt Gox has 100x the volume of trading that Britcoin has, so the exchange rate is usually a bit better at Mt Gox.

But I've found Britcoin usually works just fine, with the above proviso.

[The Koolio]

use britcoin!