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bahamapascal (OP)
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January 03, 2014, 04:22:49 AM |
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Hi all, I am currently looking to sell some of my BTC but it turns out to be quite a hard task  As I currently live in South America, most money transfer options used to trade BTC is not possible. As far as I see I only have two options: 1. International bank transfer 2. Western Union (1.) being quite difficult as I hardly find any one selling for International bank transfer Now I found out about Western Union and it sound like a super simple way, just go to the local WU agent and pick up the money. Is there any draw back when using it? Any one have experience with them, any pros and cons ? Thanks in advanced! |
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techgeak300
Newbie
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Activity: 49
Merit: 0
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January 03, 2014, 06:38:15 AM |
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Once you pick up the money you are safe.
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serotin
Member
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Activity: 112
Merit: 10
Minning powa
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January 03, 2014, 07:44:02 AM |
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Western Union is safe. Soon as you pick ur money,there is no chargebacks or refunds. And yeah, it is simply and easy to use it  Same as money gram |
Casinoooo
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bahamapascal (OP)
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January 03, 2014, 11:07:08 AM |
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Hey thanks for your feed back Now I just would have one more question, what are the fees from Western union? I searched on there website and on google, but I seem to be to dumb to find there rates |
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serotin
Member
Offline
Activity: 112
Merit: 10
Minning powa
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January 03, 2014, 08:37:20 PM |
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Hey thanks for your feed back Now I just would have one more question, what are the fees from Western union? I searched on there website and on google, but I seem to be to dumb to find there rates It depends from the sender country and the amount will besend:) If u receive from US/CA/EU the fees are little bit high than chinese. |
Casinoooo
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camolist
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January 03, 2014, 08:40:14 PM |
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i sent to Europe from the US and fees were roughly 10% at a 600 USD transfer (sender pays fees) i hear they also take a small (1% i've heard?) fee to convert that USD to your local currency when you go to pickup cash..so you get 600 USD I pay 660 and then they take that 600 and covert it to your currency at whatever exchange they recognize taking a small fee
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bahamapascal (OP)
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January 04, 2014, 01:14:06 PM |
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Yes, I almost expected something like this....otherwise I guess more people would use Western Union. I thing I will then rather look at other alternatives, paying 10-11%fee and then also the prices on localbitcoins are way lower then the actual current Price. That would mean that I might get only 60% or less of the actual price  Well any ways, thanks for your help all! Helped me a lot |
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DeboraMeeks
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January 04, 2014, 07:48:18 PM |
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The thing I know about WU are there FEES. it ranges in high percentages like %10 and higher. Not sure about safety of receiving payment chargebacks or being sued etc... so you better do your own investigations.
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coinersvq
Newbie
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Activity: 4
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January 04, 2014, 11:05:32 PM |
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As a buyer i would never use WU to pay for bitcoins. Once the seller gets the secret code and takes the money There's nothing you can do in case you don't get your bitcoins.
I think it is quite more difficult to find buyers who want to send their moneyh through WU.
Good luck!
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bitbrasil
Newbie
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Activity: 42
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January 05, 2014, 01:57:53 AM |
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In what country do you live?
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bahamapascal (OP)
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January 05, 2014, 03:06:35 PM |
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As a buyer i would never use WU to pay for bitcoins. Once the seller gets the secret code and takes the money There's nothing you can do in case you don't get your bitcoins.
I think it is quite more difficult to find buyers who want to send their moneyh through WU.
Good luck!
Well but isnt that the same with bank transfer etz. ? Also if people sell on localbitcoins.com they use a ascrow, so I guess that would then not be a problem. But I don't know, I had no experiance with localbitcoins so far. In what country do you live?
Currently in Paraguay (south america). |
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Armando
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January 06, 2014, 04:51:35 AM |
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There are few exchange services with reputation, some of them can send you WU. But look for testimonials first...
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bahamapascal (OP)
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January 06, 2014, 11:57:08 AM |
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There are few exchange services with reputation, some of them can send you WU. But look for testimonials first...
Wow, realy? Do you have names? I have already looked for this but did not find anything, that would be nice! Would thse exchanges also use money gram? Money gram seems to be way cheaper than WU, so that would be perfect. Thanks! |
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Armando
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January 07, 2014, 12:32:49 AM |
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There are few exchange services with reputation, some of them can send you WU. But look for testimonials first...
Wow, realy? Do you have names? I have already looked for this but did not find anything, that would be nice! Would thse exchanges also use money gram? Money gram seems to be way cheaper than WU, so that would be perfect. Thanks! I used wm-center.es few times, they can send both WU or MG, but unfortunatelly they are fixed rate exchanger, and their current XBT/USD rate is awfull... I am currently using them to withdraw money from bitcoins this way: bitcoins => btc-e redeem code => WU thru wm-center, and loses are much smaller |
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bahamapascal (OP)
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January 07, 2014, 06:00:43 PM |
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There are few exchange services with reputation, some of them can send you WU. But look for testimonials first...
Wow, realy? Do you have names? I have already looked for this but did not find anything, that would be nice! Would thse exchanges also use money gram? Money gram seems to be way cheaper than WU, so that would be perfect. Thanks! I used wm-center.es few times, they can send both WU or MG, but unfortunatelly they are fixed rate exchanger, and their current XBT/USD rate is awfull... I am currently using them to withdraw money from bitcoins this way: bitcoins => btc-e redeem code => WU thru wm-center, and loses are much smaller Wow, they do look promising, thanks! Can you tell me if I have to verify myself before using them (sending drivers license & utility bills )? Or can I just send them BTC and they will send my Money via Money Gram/ Western Union? |
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Armando
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January 07, 2014, 06:33:00 PM |
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There are few exchange services with reputation, some of them can send you WU. But look for testimonials first...
Wow, realy? Do you have names? I have already looked for this but did not find anything, that would be nice! Would thse exchanges also use money gram? Money gram seems to be way cheaper than WU, so that would be perfect. Thanks! I used wm-center.es few times, they can send both WU or MG, but unfortunatelly they are fixed rate exchanger, and their current XBT/USD rate is awfull... I am currently using them to withdraw money from bitcoins this way: bitcoins => btc-e redeem code => WU thru wm-center, and loses are much smaller Wow, they do look promising, thanks! Can you tell me if I have to verify myself before using them (sending drivers license & utility bills )? Or can I just send them BTC and they will send my Money via Money Gram/ Western Union? I was already verified by them before, so I am not sure, sorry. Check live chat at their website, it works in browser 24/7, and I'm sure they will let you know what is their current AML policies, limits to withdraw without verification etc. Good luck! |
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LakeBTC
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January 08, 2014, 02:20:56 PM |
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Hi all, I am currently looking to sell some of my BTC but it turns out to be quite a hard task As I currently live in South America, most money transfer options used to trade BTC is not possible. As far as I see I only have two options: 1. International bank transfer 2. Western Union (1.) being quite difficult as I hardly find any one selling for International bank transfer Now I found out about Western Union and it sound like a super simple way, just go to the local WU agent and pick up the money. Is there any draw back when using it? Any one have experience with them, any pros and cons ? Thanks in advanced! wire is safer. Western Union is for small amounts among families only. they may forfeit/freeze your account otherwise. you can buy/sell on our exchange LakeBTC for USD (and CNY) |
LakeBanker: Free Banking for the World LakeBanker.com Token Sale. Participate Now!
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bahamapascal (OP)
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January 08, 2014, 02:44:10 PM |
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There are few exchange services with reputation, some of them can send you WU. But look for testimonials first...
Wow, realy? Do you have names? I have already looked for this but did not find anything, that would be nice! Would thse exchanges also use money gram? Money gram seems to be way cheaper than WU, so that would be perfect. Thanks! I used wm-center.es few times, they can send both WU or MG, but unfortunatelly they are fixed rate exchanger, and their current XBT/USD rate is awfull... I am currently using them to withdraw money from bitcoins this way: bitcoins => btc-e redeem code => WU thru wm-center, and loses are much smaller Wow, they do look promising, thanks! Can you tell me if I have to verify myself before using them (sending drivers license & utility bills )? Or can I just send them BTC and they will send my Money via Money Gram/ Western Union? I was already verified by them before, so I am not sure, sorry. Check live chat at their website, it works in browser 24/7, and I'm sure they will let you know what is their current AML policies, limits to withdraw without verification etc. Good luck! Thanks you, I am shaking them out and asking them some questions via there contact form (chat dose not seem to work) and they have been quite helpful this fare, if all goes well I will make my first test sell with them tomorrow. I will let you know if it worked or not wire is safer. Western Union is for small amounts among families only. they may forfeit/freeze your account otherwise.
you can buy/sell on our exchange LakeBTC for USD (and CNY)
Hmmh, that might be right, I think I will also use wire transfer with wm-center.se as that also seems to be the cheapest way. Thanks for the info though. Should wm-center not work, I might come back to you....what are your verification requirements? I have no problem with a copy of ID card, but I can't provide a proof of residence as I am on travel right now, thats the reason I am not using bitstamp for selling BTC. |
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LakeBTC
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January 08, 2014, 11:30:00 PM |
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There are few exchange services with reputation, some of them can send you WU. But look for testimonials first...
Wow, realy? Do you have names? I have already looked for this but did not find anything, that would be nice! Would thse exchanges also use money gram? Money gram seems to be way cheaper than WU, so that would be perfect. Thanks! I used wm-center.es few times, they can send both WU or MG, but unfortunatelly they are fixed rate exchanger, and their current XBT/USD rate is awfull... I am currently using them to withdraw money from bitcoins this way: bitcoins => btc-e redeem code => WU thru wm-center, and loses are much smaller Wow, they do look promising, thanks! Can you tell me if I have to verify myself before using them (sending drivers license & utility bills )? Or can I just send them BTC and they will send my Money via Money Gram/ Western Union? I was already verified by them before, so I am not sure, sorry. Check live chat at their website, it works in browser 24/7, and I'm sure they will let you know what is their current AML policies, limits to withdraw without verification etc. Good luck! Thanks you, I am shaking them out and asking them some questions via there contact form (chat dose not seem to work) and they have been quite helpful this fare, if all goes well I will make my first test sell with them tomorrow. I will let you know if it worked or not wire is safer. Western Union is for small amounts among families only. they may forfeit/freeze your account otherwise.
you can buy/sell on our exchange LakeBTC for USD (and CNY)
Hmmh, that might be right, I think I will also use wire transfer with wm-center.se as that also seems to be the cheapest way. Thanks for the info though. Should wm-center not work, I might come back to you....what are your verification requirements? I have no problem with a copy of ID card, but I can't provide a proof of residence as I am on travel right now, thats the reason I am not using bitstamp for selling BTC. justs copy of id and photo. yeah try wm first. it could save you time & fees if that works. we negotiated with these payment companies before but it turned out wire is the best feasible option out there |
LakeBanker: Free Banking for the World LakeBanker.com Token Sale. Participate Now!
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bahamapascal (OP)
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January 08, 2014, 11:45:15 PM |
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wire is safer. Western Union is for small amounts among families only. they may forfeit/freeze your account otherwise.
you can buy/sell on our exchange LakeBTC for USD (and CNY)
Hmmh, that might be right, I think I will also use wire transfer with wm-center.se as that also seems to be the cheapest way. Thanks for the info though. Should wm-center not work, I might come back to you....what are your verification requirements? I have no problem with a copy of ID card, but I can't provide a proof of residence as I am on travel right now, thats the reason I am not using bitstamp for selling BTC. justs copy of id and photo. yeah try wm first. it could save you time & fees if that works. we negotiated with these payment companies before but it turned out wire is the best feasible option out there Wow, so if I register at your site, can I sel and buy BTC (like on mtgox,btc-e,etz.) and have my money on your exchange? And then when I decide to cash out I have to verify my self, with just a photo ID? Were are you located, how come you don't need a proof of residence? That sounds great |
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