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Author Topic: Adding/Withdrawing funds to Mt. Gox  (Read 1233 times)
Osmiumx
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May 02, 2011, 08:19:23 AM
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Im trying to start my initial investment of $200 bitcoins by using MtGox exchange, I figured out paypal would be the best way to add USD to my account..so ive got adding the funds sorted.

But before i do that trying to look ahead on how to get the cash back in my hand after I sell the Bitcoins.

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Mt Gox uses LibertyReserve.com for withdrawing USD

But then i have to transfer from liberty reserve to yet another site before i can get it back in my paypal?

Just basically asking for general advice on how others have worked there way around this..cheers.




Edit: Direct deposit is out of the option, im Australian..and im sorry if this is the wrong place to post this, just trying to get some help.
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Stephen Gornick
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May 02, 2011, 09:14:22 AM
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But before i do that trying to look ahead on how to get the cash back in my hand after I sell the Bitcoins.

http://en.bitcoin.it/wiki/Selling_bitcoins


But then i have to transfer from liberty reserve to yet another site before i can get it back in my paypal?

Since PayPal considers bitcoin an "ecurrency" (per mndrix from when they informed him his PayPal account was being shut down) and they are now enforcing the "no ecurrency" transactions, then converting from bitcoin to PayPal will be a little more difficult than when CoinCard was available.

There are a number of individuals on the #bitcoin-otc marketplace who would love to buy your bitcoins from you (or your MTGUSD as well) and pay for the purchase using PayPal:
 - http://bitcoin-otc.com/vieworderbook.php?type=buy&notes=paypal

To assist you with that to know better the risk in accepting PayPal from someone is the OTC Web of Trust (WoT) ratings:
   - http://bitcoin-otc.com/trust.php

Being in Australia, there's this offer:
  - http://bitcointalk.org/index.php?topic=5967.0

And there's also an IRC channel specifically for Australian Bitcoiners: #bitcoin-aus  perhaps you can establish a trade in person?
  - http://webchat.freenode.net/?channels=#bitcoin-aus

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