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Bitcoin Forum > Economy > Trading Discussion > How and where to cashout some of my bitcoins
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Canaanite (OP)
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November 19, 2013, 05:45:39 AM
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Hey guys!
Although I'm a big bitcoin fan... I would like to cash-out a portion of my holdings

I have a verified mtgox account, coinbase account and I live in the U.S
(I don't know if it helps but I have Australian bank account as well)

I see that there are a lot of exchanges with different rates and I would like to know what restrictions they have? (can I withdraw the all amount from gox directly to my bank account in the U.S?) can I transfer the bitcoins to btcchina and ask for a wiretransfer?

Thanks for the help!
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dominicwin
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November 19, 2013, 05:56:45 AM
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Cashing out with coinbase has been a breeze for me. Did it for the 200btc I sold a few weeks back.
CUBAN CIGARS for Sale - Full Boxes and Individual Cigars https://bitcointalk.org/index.php?topic=299151.0
Austrian GOLD 1oz PHILHARMONICS -  https://bitcointalk.org/index.php?topic=330401.0
BUYING BTC HERE https://bitcointalk.org/index.php?topic=334920.0
Canaanite (OP)
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November 19, 2013, 05:59:04 AM
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Quote from: dominicwin on November 19, 2013, 05:56:45 AM
Cashing out with coinbase has been a breeze for me. Did it for the 200btc I sold a few weeks back.

well yeah, but currently there is almost 100$ difference per bitcoin between gox and coinbase... im not sure im willing to give up on that
dominicwin
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November 19, 2013, 06:01:38 AM
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Quote from: Canaanite on November 19, 2013, 05:59:04 AM
Quote from: dominicwin on November 19, 2013, 05:56:45 AM
Cashing out with coinbase has been a breeze for me. Did it for the 200btc I sold a few weeks back.

well yeah, but currently there is almost 100$ difference per bitcoin between gox and coinbase... im not sure im willing to give up on that

Haven't used gox in over a year so have no idea. Just know that with coinbase it was easy breezy. Any restriction you have on your Gox account should show up on your withdraw page I imagine?
CUBAN CIGARS for Sale - Full Boxes and Individual Cigars https://bitcointalk.org/index.php?topic=299151.0
Austrian GOLD 1oz PHILHARMONICS -  https://bitcointalk.org/index.php?topic=330401.0
BUYING BTC HERE https://bitcointalk.org/index.php?topic=334920.0
PirateHatForTea
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November 19, 2013, 06:35:24 AM
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The only way to get your funds out of Gox at the moment in a finite (< 6 months+) timeframe is to pay the 5% manual processing fee for expedited withdrawal. Even this takes as long as a month. At current prices $100 is not so much more than 5%.
Unlevereged financial instruments acting as a store of value that fluctuate 50% within 10 minutes is perfectly acceptable. I think it should be offered in IRA form to soon to be retirees.
Canaanite (OP)
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November 19, 2013, 06:48:46 AM
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Quote from: PirateHatForTea on November 19, 2013, 06:35:24 AM
The only way to get your funds out of Gox at the moment in a finite (< 6 months+) timeframe is to pay the 5% manual processing fee for expedited withdrawal. Even this takes as long as a month. At current prices $100 is not so much more than 5%.

even if I use Non-US bank account?
If it is like this... why people actually use it as a trading platform?
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November 19, 2013, 07:31:22 AM
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If you try to cash out on Gox you will likely never even see that cash.

If you cash out on Coinbase, you will get your cash without issue.

If you're selling 25+ I'll buy them from you.
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