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norulezapply (OP)
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February 13, 2014, 09:44:13 AM
Last edit: February 13, 2014, 10:55:49 AM by norulezapply |
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Hi.
What is the best way (if any) without depositing bitcoins, to get MtGoxUSD/BitStampUSD from the UK?
TransferWise seemed like a good option but MtGox/BitStamp says that the transfer would have to come from a bank account in my name, which seems to make TransferWise unacceptable.
Any other methods available? OKPay? Wire transfer?
Thanks
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 13, 2014, 10:37:04 AM |
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Do not transfer cash or bitcoins to Mt Gox. Do some research on this board.
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norulezapply (OP)
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February 13, 2014, 10:38:07 AM |
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Do not transfer cash or bitcoins to Mt Gox. There is a good chance you will never see them again. Read some threads on this forum about Mt Gox.
I know they have temporarily frozen Bitcoin withdrawals if that's what you mean? I'm not particularly worried about that. |
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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February 13, 2014, 10:49:21 AM |
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How about you start with the thread with Mt Gox in the title about 6 threads below this. If you won't help yourself I'm not inclined to help you.
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norulezapply (OP)
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February 13, 2014, 10:53:16 AM |
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How about you start with the thread with Mt Gox in the title about 6 threads below this. If you won't help yourself I'm not inclined to help you.
I've already read "MTGOX - so am I hooped?", which is what you're referring to, which talks about exactly what I just said. I'm not worried about that. |
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hostmaster
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February 13, 2014, 10:55:07 AM |
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Do not transfer cash or bitcoins to Mt Gox. Do some research on this board.
Agreed. If you want to experience a bad service what looks like, go for it. |
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norulezapply (OP)
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February 13, 2014, 10:56:16 AM |
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Do not transfer cash or bitcoins to Mt Gox. Do some research on this board.
Agreed. If you want to experience a bad service what looks like, go for it. Okay, how about BitStamp? Just interested in how to get USD deposited really. |
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HairyMaclairy
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Degenerate bull hatter & Bitcoin monotheist
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February 13, 2014, 11:17:15 AM |
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Bitstamp is a good choice. They are SEPA.
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thelaughinggravy
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February 13, 2014, 12:13:01 PM
Last edit: February 13, 2014, 01:15:53 PM by thelaughinggravy |
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Looks like you lose 4 points on exchange rate though (GBP > EUR > USD as far as I understand the Unicredit website correctly- unicredit is the bank covering the transfers for bitstamp). And having a USD account in the UK probably also doesn't make sense because SEPA as far as I understand is only for EUR denominated transfers..
//edit: that said, if you create a EUR account in the UK and use transferwise to convert your GBP into EUR you avoid the 2 bid/offers but only pay one. So you end up with about 2 points + whatever transferwise is away from mid-market. Cheaper than the above but still relatively expensive.
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BadBit
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February 13, 2014, 02:05:54 PM |
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£ -> Bitbargain -> BTC
BTC -> MtGox,Bitstamp etc
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norulezapply (OP)
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February 13, 2014, 02:07:16 PM |
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£ -> Bitbargain -> BTC
BTC -> MtGox,Bitstamp etc
I appreciate this method but I want to avoid using bitcoins at all if I can. I'd be losing a lot of money due to the spread on the exchanges |
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norulezapply (OP)
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February 13, 2014, 02:07:58 PM |
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Looks like you lose 4 points on exchange rate though (GBP > EUR > USD as far as I understand the Unicredit website correctly- unicredit is the bank covering the transfers for bitstamp). And having a USD account in the UK probably also doesn't make sense because SEPA as far as I understand is only for EUR denominated transfers..
//edit: that said, if you create a EUR account in the UK and use transferwise to convert your GBP into EUR you avoid the 2 bid/offers but only pay one. So you end up with about 2 points + whatever transferwise is away from mid-market. Cheaper than the above but still relatively expensive.
My understanding was that unfortunately you can't use transferwise to deposit at mtgox/bitstamp because it is 3rd party? |
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thelaughinggravy
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February 13, 2014, 02:45:10 PM |
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Say for example you got a bank account at [bank x] in the UK, denominated in GBP. Now you'd ask [bank x] to set up EUR denominated account. Then use transferwise and transfer out of your GBP to transferwise into your EUR account. Then use those EUR to pay and avoid the double bid/offer.
//edit: to clarify: you would send the money to [bitcoinexchange], not transferwise. so it would be in your name.
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norulezapply (OP)
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February 13, 2014, 02:52:34 PM |
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Say for example you got a bank account at [bank x] in the UK, denominated in GBP. Now you'd ask [bank x] to set up EUR denominated account. Then use transferwise and transfer out of your GBP to transferwise into your EUR account. Then use those EUR to pay and avoid the double bid/offer.
//edit: to clarify: you would send the money to [bitcoinexchange], not transferwise. so it would be in your name.
That's a great idea, thanks. Just need to find a bank that will process SEPA transfers. |
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thelaughinggravy
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February 13, 2014, 03:04:19 PM |
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i'd say quite a few do. Barclays and HSBC for example offer SEPA payments.
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