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Author Topic: BTC-E or MtGox Pros and Cons?  (Read 630 times)
CCHarris (OP)
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January 23, 2014, 07:22:23 AM
 #1

I have been using BTC-E for trading purposes at this point, was hoping some of you veteran traders could shed some light on the pros and cons of the available top trading markets?

Questions that I have at this point include:

Taxes?

Withdraw Amounts?

how legit the marketplace is?

Also do people leave their coins in the trading sites over night or always transfer them back to your wallet?

Regards,

CH
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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empoweoqwj
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January 23, 2014, 07:54:12 AM
 #2

I have been using BTC-E for trading purposes at this point, was hoping some of you veteran traders could shed some light on the pros and cons of the available top trading markets?

Questions that I have at this point include:

Taxes?

Withdraw Amounts?

how legit the marketplace is?

Also do people leave their coins in the trading sites over night or always transfer them back to your wallet?

Regards,

CH


Use bitstamp.net instead.
Whether to transfer coins depends what you do. If you trade every day, there's no point moving back to a local wallet. Just depends what you are doing.
CCHarris (OP)
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January 23, 2014, 08:01:17 AM
 #3

Are there USD withdraw limits using Bitstamp?  Also does it do wire transfers to your Bank account, if so what percentage does it charge to withdraw?

Regards,

CH
empoweoqwj
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January 23, 2014, 08:03:43 AM
 #4

Are there USD withdraw limits using Bitstamp?  Also does it do wire transfers to your Bank account, if so what percentage does it charge to withdraw?

Regards,

CH

https://www.bitstamp.net/faq/
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