MtGox Withdraw to a Japanese Bank Account

[RG]

Hello guys, i have never used MtGox, but now i may be able to open a Japanese bank account. Now when i try to open an account it asks me if i will open a USD account or a JPY account, the questions are:

Can i open a USD Mtgox account and then withdraw USD via "Japanese Domestic Transfer"?  
Or, Do i need to open a JPY MtGox account to be able to withdraw via "Japanese Domestic Transfer"?

I would normally ask to MtGox but seems like they are VERY busy. I can only open ONE account at Mtgox and the verification lasts 2 weeks, so i better ask before making any mistake. Anyone experienced with Japanese Domestic Transfers at MtGox?

[cozytrade]

I can only open ONE account at Mtgox and the verification lasts 2 weeks, so i better ask before making any mistake. Anyone experienced with Japanese Domestic Transfers at MtGox?

How come you think you can open only one currency? You may have several currency in the account and I do (USD, EUR, JPY, CAD, GBP). For each currency you can register several banks but practically there are limitations. You need to be resident same as the bank or your citizenship is same location as the bank. They should match with IDs.

For banking system these protocol are used (as far as I realised)
USD, CAD, GBP : SWIFT (or manual OP in recent congestion?)
JPY : Japanese Domestic (Zengin)
EUR : SEPA or SWIFT(if necessary)

You won't be able to transfer USD via Japanese Domestic Transfer. You just need to open JPY bank account and just need to add JPY from the settings and register the bank.

[RG]

I can only open ONE account at Mtgox and the verification lasts 2 weeks, so i better ask before making any mistake. Anyone experienced with Japanese Domestic Transfers at MtGox?

How come you think you can open only one currency? You may have several currency in the account and I do (USD, EUR, JPY, CAD, GBP). For each currency you can register several banks but practically there are limitations. You need to be resident same as the bank or your citizenship is same location as the bank. They should match with IDs.

You are totally right, thank you, i was able to switch currencies in my account and add a Japanese Bank account. So if i want to sell my bitcoins and withdraw to my Japanese bank account i should necessarily trade in JPY? https://bitcoinity.org/markets/mtgox/JPY. Or can i trade in USD and they would convert those USD to JPY and then send them as JPY? I just want to be super sure.

[cozytrade]

So if i want to sell my bitcoins and withdraw to my Japanese bank account i should necessarily trade in JPY? https://bitcoinity.org/markets/mtgox/JPY. Or can i trade in USD and they would convert those USD to JPY and then send them as JPY?

To withdraw in JPY, you need to trade (USD -> ) BTC -> JPY at MtGOX and have JPY cash balance.

[RG]

So if i want to sell my bitcoins and withdraw to my Japanese bank account i should necessarily trade in JPY? https://bitcoinity.org/markets/mtgox/JPY. Or can i trade in USD and they would convert those USD to JPY and then send them as JPY?

To withdraw in JPY, you need to trade (USD -> ) BTC -> JPY at MtGOX and have JPY cash balance.

Alright! Thank you.

[jonanon]

If you have success with this don't forget to let us know the process to open Japanese bank accounts for non residents 

[Zeal0t]

If you have success with this don't forget to let us know the process to open Japanese bank accounts for non residents 

Yes, that would be really cool.

[RG]

If you have success with this don't forget to let us know the process to open Japanese bank accounts for non residents 

Sorry guys but there is no special way, you need to have a residence in Japan to open a japanese bank accout

[cfjhvxcxcwbtxx]

ok

[exocytosis]

What's the name of Gox' Japanese bank?

[RG]

What's the name of Gox' Japanese bank?

JapaNet Bank.

I wouldn't go near MtGox right now.

[Bit_Happy]

We will be closely monitoring the situation and will react accordingly.

Best regards,
MtGox Team

[CrashX]

We will be closely monitoring the situation and will react accordingly.

Best regards,
MtGox Team

Go to a Country that doesn't have treaties with the USA and Japan