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Author Topic: Money in your wallet after the exchange?  (Read 599 times)
Elwar
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June 26, 2011, 11:37:19 PM
 #1

I have a quick question about the exchanges.

When you exchange your USD at an exchange such as mtGox do you get bitcoins into your wallet or do they hold it in some sort of mtGox wallet while keeping track of your account?

First seastead company actually selling seasteads: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
Seastead talk at http://seasteadtalk.org
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Maged
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June 26, 2011, 11:41:56 PM
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They keep track of it, but you can withdraw it at any time.

Elwar
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June 26, 2011, 11:51:43 PM
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What is the process for withdrawing it from mtGox?

Is there a fee?

First seastead company actually selling seasteads: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
Seastead talk at http://seasteadtalk.org
BitCoinBarter
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June 26, 2011, 11:56:51 PM
 #4

They keep track of it, but you can withdraw it at any time.

True. However I suggest you keep your BitCoins with you.
Search this forum for ideals on how to secure your BitCoins (i.e.,  your BitCoin wallet).

Then decide how you want to do it and post your plan. People may be able to find some holes.
One of the first places to check out is at https://en.bitcoin.it/wiki/Securing_your_wallet
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