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BitcoinDealer (OP)
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June 30, 2011, 02:59:01 PM
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On the MtGox you can deposit euro but it doesn't say what happens. Does it get converted to USD at receival? What are the exchange rates? Fees?
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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gentakin
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June 30, 2011, 03:08:58 PM
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I think they'll convert it according to http://www.ecb.int/stats/exchange/eurofxref/html/index.en.html - at least that is what happens on payouts.
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June 30, 2011, 04:08:53 PM
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Yes, EUR is converted to USD.

Scroll down a bit to "Bank Transfer" on this site:

https://support.mtgox.com/home
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June 30, 2011, 04:14:00 PM
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yeah, it will be converted to USD at a very decent rate. Do NOT send USD directly to their european bank account, they WILL charge you with a much higher fee if you do. It's a euro bank account, so the bank automatically converts everything else to it.
The deposit worked very well for me (48-72 hours).
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