What is wrong with aquiring bitcoin from MtGox?

[InKeepingSecrets2113]

Shouldn't' this be the easiest way of acquiring bitcoin from a legit source? If you're not doing anything illegal what difference does it make if they have a bank account number and one is getting bitcoin successfully?

People keep asking where they can get bitcoin....link up your bank account with gox, get a verified account, and walla transfer your USD to gox and trade for coin and your done. It certainly isn't the fastest but it works every time.

If you're concerned about privacy then please don't respond to this message...obvs you will get your coin through another route.

[ViperGeek]

It may depend on where you are in the world.  US-based funding of MtGox has gotten a bit more challenging now that Dwolla is no longer accepted, and last I checked, BitInstant is offline. 

For some, Coinbase is much more hassle-free ... again, based on your indifference to privacy.

[Hexadecibel]

I think the issue right now is that since its so hard to get fiat out of mt.gox, it's increasing demand for bitcoin on the exchange since thats the only sure fire way of getting your funds out of there.

So presumably this is inflating the bitcoin price on the exchange to unrealistic levels, and that may be what people are taking issue with.

[Cantrip]

I Use CampBX for buying/selling bitcoin.  Currently Bitcoin is $130 at mt gox but only $118 at CampBX.  Can fund CampBX account with dwolla for virtually free, but there is a 31 day verification period your first time where your bitcoin is locked.

[marcovaldo]

Mt.gox price is higher, and you can only withdraw btc so far, so you should find an other place

[Queegeh]

The USD withdrawl issues at gox are making euro traders a fortune with arbitrage. I have no problems getting euros out in SEPA transfers, it all comes from their polish bank account and costs next to nothing 

[krakazamba]

It may seem simple for those in USA. but elsewhere it's not as easy as you think to buy BTC.  In fact it's extremely difficult

Getting hold of bitcoin is increasingly difficult.  Good new for those that have a stack of them and bad news for those that don't.

Living in some countries, it is almost impossible to get hold of bitcoin!  expect the price to sky rocket in 2014 !  dip coming soon - but the price will recover.  

[faetos]

It's illegal in Thailand. Sad

these sites convert fiat to btc:

bitstamp.net
mtgox.com
btc-e.com

thanks to us banking it can be a royal pain to get money into the exchanges - lots of verification, paperwork, whatever.

you could also set up an account at okpay.com and then transfer the funds to btc-e.com for a low fee (2.99 Euro). It all depends on where you live, best of luck to you.

mtgox money movement sux badly - hopefully they'll get their act together soon.