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Author Topic: Currency question, should swedes use EUR on tradehill?  (Read 709 times)
garton
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August 24, 2011, 05:47:13 AM
 #1

I live in Sweden, which is part of SEPA (so free withdrawals, yay) but does not use EUR but national currency SEK (swedish krona).

So if I request EUR withdrawn and sent to my SEK bank account, it will be converted to SEK by my bank. I suppose. And the same for USD, my bank will convert those as well.

When selling mined BTC on tradehill, is there any significant difference on choosing to sell BTC for EUR or USD? (Other than if the rate for those against SEK may be better than the other.)

Anyone?
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nmat
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August 24, 2011, 11:12:39 AM
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There is definitely a difference in volume. There are way more people buying BTC with USD than with EUR. Do you pay any fees for sending USD to your account?
Jack of Diamonds
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August 24, 2011, 11:28:21 AM
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Selling on EUR markets is a waste of time. You may wait 2-12 hours for your sell order to be filled, or even longer.
The liquidity is nonexistent, maybe a few dozen coins daily.

If you need to sell mined coins, sell for USD. Your trade will likely finish within seconds.

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davout
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August 24, 2011, 11:52:31 AM
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The liquidity is nonexistent, maybe a few dozen coins daily.
Well, let's change that then Smiley

Sukrim
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August 24, 2011, 01:24:22 PM
 #5

Selling on EUR markets is a waste of time. You may wait 2-12 hours for your sell order to be filled, or even longer.
The liquidity is nonexistent, maybe a few dozen coins daily.

If you need to sell mined coins, sell for USD. Your trade will likely finish within seconds.
http://bitcoincharts.com/markets/thEUR.html

And you can just sell for a price that someone offers - then you'll finish your trade(s) immediately (at lower rates though).

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Jack of Diamonds
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August 24, 2011, 01:59:02 PM
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The liquidity is nonexistent, maybe a few dozen coins daily.
Well, let's change that then Smiley

Yes, I try, by always selling a bit for euros. Hoping it would catch on eventually.

Though it's been stagnant on TH for a long time..  It seems people only want to deal in US dollars.
Unless you want to sell much below market prices the bigger euro sell orders will just never get fulfilled.

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Nicolai Larsen
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August 24, 2011, 06:28:13 PM
 #7

If you traded with USD you would have to pay transfer fees. It will cost you 20$ when transferring from the US to Europe.

I would say that it's much better to trade in EUR when living in Europe.

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