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Author Topic: Withdrawing AUD funds with tradehill. Fee question.  (Read 820 times)
aristideau
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July 13, 2011, 08:41:08 AM
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Has anyone drawn AUD (Australian) from tradehill?, and if so what other fees in addition to the 0.5% can I expect to incur from the bank per transaction?

For example, if I withdraw $50AU, how much can I expect to be transfered to my account? (I am with Westpac)

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payb.tc
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August 11, 2011, 01:15:37 PM
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did you end up withdrawing?

i too have a question... how do you withdraw 'aud' if you only have a usd balance in tradehill?

does the 'amount to withdraw' box refer to an AUD amount or USD amount?
Soaron123
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August 11, 2011, 01:27:10 PM
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I don't think you can withdraw USD into AUD from tradehill. Not too sure on it, but I tried and I think it wouldn't let me choose the USD amount. I ended up trying AUD, withdrew $5.00. It took a long time, a little over a week. Back then it was 0.3% i think, so I ended up getting $4.98
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August 11, 2011, 01:40:02 PM
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I don't think you can withdraw USD into AUD from tradehill. Not too sure on it, but I tried and I think it wouldn't let me choose the USD amount. I ended up trying AUD, withdrew $5.00. It took a long time, a little over a week. Back then it was 0.3% i think, so I ended up getting $4.98

so then, is there a way to convert your tradehill USD balance to tradehill AUD?

if not i just wasted a whole lot of time (and money) selling some btc for usd (on the market with the most volume).
Soaron123
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August 11, 2011, 02:01:16 PM
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again, not too sure. When I did it, it was something like this.

Mined: 0.5btc
Bought - $7.5 USD

Realised I couldn't withdraw USD.

Rebought BTC
Sold BTC in AUD
Withdrew AUD.

You can ask the tech support at Tradehill. I know Mt.Gox allows for withdrawl of USD into any account for a flat fee of $10 i think it was?
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August 11, 2011, 02:07:26 PM
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again, not too sure. When I did it, it was something like this.

Mined: 0.5btc
Bought - $7.5 USD

Realised I couldn't withdraw USD.

Rebought BTC
Sold BTC in AUD
Withdrew AUD.

You can ask the tech support at Tradehill. I know Mt.Gox allows for withdrawl of USD into any account for a flat fee of $10 i think it was?

hmmm two problems with this... 1) converting back through btc is going to net me less coins than i had originally, and 2) the aud market has hardly any volume.

i'm thinking about the possibility of just withdrawing the USD to paxum, and then have paxum send it to my bank account... reading their site now.
Soaron123
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August 11, 2011, 02:14:15 PM
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yeh i probably shoulda mentioned i lost money through fees and higher btc price. But that was just to test the Tradehill system and see if would actually work. I mean come on virtual money for real money... had to make sure before properly investing in it.
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